508, Shoreline - Shahla
Sold prices and rental history: sold 4 times, last in February 2021, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, Shoreline - Shahla
What is 508 worth today?
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Source: Dubai Land Department. Updated 24 February 2021.
Key facts
- Type
- 2-bed apartment
- Size
- 1,551 sqft
- Floor
- 5th of 9
- Parking
- B2-41
- Developer
- Nakheel
- Completed
- 2007
- Service charge
- AED 28,100 /yr
- Last sold
- AED 1.55M · February 2021
- Building
- Shoreline - Shahla
About 508, Shoreline - Shahla
508 is a two-bedroom apartment of 1,551 sqft on the 5th floor of Shoreline - Shahla, a 9-storey tower in Palm Jumeirah completed in 2007 by Nakheel. It last sold on 24 February 2021 for AED 1,550,000, or AED 999 per sqft, 24% above the AED 806 two-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 9 Ejari contracts. The current contract, signed on 10 November 2020, is AED 88,000 a year: a gross yield of 5.7% on the 2021 price, before the service charge of about AED 28,100 a year.
Sales and rents for 508 over time
508 has sold 4 times; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Shoreline - Shahla, and where 508 sits
All 54 2-beds →508 last sold in February 2021 at AED 999 per sqft, 24% above what two-beds in Shoreline - Shahla were fetching at the time (AED 806). Over the last 12 months two-beds sold for AED 3,480,000 to 4,175,000, around AED 2,398 per sqft, and rent for AED 117,522 to 315,000 a year. 508's AED 88,000 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 8 Oct 20268 October 2026 | 1,551 sqft | 4,175,000 | 2,692 | ||
| 11 Aug 202611 August 2026 | 1,551 sqft | 3,480,000 | 2,244 | ||
| 8 Apr 20268 April 2026 | 1,589 sqft | 4,055,000 | 2,551 | ||
| 26 Feb 202626 February 2026 | 1,603 sqft | 3,550,000 | 2,214 |
Shoreline - Shahla
Building108 apartments, 1-bed to 4-bed over 9 floors in Palm Jumeirah, completed in 2007 by Nakheel. 13 sold in the last 12 months.
- Typical price per sqft
- AED 2,244 Up 1.9%
- Typical sale
- AED 4.18M
- Typical rent
- AED 180K /yr
- Typical yield
- 5.2%
Other units on the 5th floor
All 108 units in Shoreline - Shahla| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,589 sqft | AED 1.8MAED 1,800,000 · Nov 2009November 2009 | 120,000 /yr | |
| 502 | 3-bed | 2,218 sqft | AED 1.85MAED 1,850,000 · Mar 2019March 2019 | 185,000 /yr | |
| 503 | 3-bed | 2,157 sqft | AED 3.3MAED 3,300,000 · May 2023May 2023 | 159,500 /yr | |
| 504 | 1-bed | 1,145 sqft | AED 1.65MAED 1,650,000 · May 2022May 2022 | 125,000 /yr | |
| 505 | 2-bed | 1,551 sqft | AED 1.25MAED 1,250,000 · Jun 2020June 2020 | 110,000 /yr | |
| 506 | 2-bed | 2,019 sqft | AED 2.3MAED 2,300,000 · May 2022May 2022 | 121,000 /yr | |
| 507 | 2-bed | 1,994 sqft | AED 1.03MAED 1,025,000 · Apr 2009April 2009 | 120,000 /yr | |
| 509 | 1-bed | 1,145 sqft | AED 600KAED 600,000 · Apr 2009April 2009 | 105,000 /yr | |
| 510 | 3-bed | 2,157 sqft | AED 5MAED 5,000,000 · Nov 2025November 2025 | 211,000 /yr | |
| 511 | 3-bed | 2,218 sqft | AED 3.68MAED 3,675,000 · Aug 2023August 2023 | 187,040 /yr | |
| 512 | 2-bed | 1,589 sqft | AED 4.06MAED 4,055,000 · Apr 2026April 2026 | 150,631 /yr |
508, Shoreline - Shahla in numbers
- Sold 4 times: first on 19 April 2009 for AED 790,000, last on 24 February 2021 for AED 1,550,000 (AED 999 per sqft).
- Rented since April 2012 on 9 Ejari contracts, from AED 120,000 to AED 88,000 a year.
- At AED 88,000 a year the gross yield on the 2021 price is 5.7%, before a service charge of about AED 28,100 a year (AED 18.13 per sqft).
- Two-beds in Shoreline - Shahla sold for AED 3,480,000–4,175,000 in the 12 months to November 2026; the building's median across all types is AED 2,244 per sqft.
Source: Dubai Land Department. Updated 24 February 2021.
Questions about 508, Shoreline - Shahla
What did unit 508 last sell for?
AED 1,550,000 on 24 February 2021: AED 999 per sqft for 1,551 sqft. The unit has 4 registered sales; the first was AED 790,000 in April 2009.
What is the rent for unit 508?
AED 88,000 a year on the contract signed on 10 November 2020. The previous contract, from July 2019, was AED 110,000; the unit has been rented since April 2012.
How big is unit 508?
1,551 sqft (144.1 sqm): a two-bedroom apartment on the 5th floor of a 9-storey tower completed in 2007.
What is unit 508 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Shoreline - Shahla sold for AED 3,480,000 to 4,175,000 in the last 12 months, around AED 2,398 per sqft.
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Mortgage on 508, Shoreline - Shahla
Starts from the last sale price (AED 1.55M, 24 February 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 1,550,000
- Deposit, UAE resident (20%)
- AED 310,000
- Deposit, non-resident (40%)
- AED 620,000
- Monthly over 25 years at 3.7%
- AED 6,342
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →