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2-bed · 1,551 sqftShoreline - Shahla, Palm Jumeirah · 7th floor · completed 2007

708, Shoreline - Shahla

Sold prices and rental history: sold once, by the developer in April 2009, and rented once, from March 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 708 · DLD and Ejari recordsUpdated 15 March 2023
Last soldAED 2.2M19 April 2009
Current rentAED 50K /yr15 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 708, Shoreline - Shahla

What is 708 worth today?

Last sold for AED 2,200,000 in 2009

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15 Mar 2023RentedNew contract
AED 50,000/yr60 months · AED 32 per sqft
19 Apr 2009Sold by developerReady
AED 2,200,000AED 1,418 per sqft

Source: Dubai Land Department. Updated 15 March 2023.

Key facts

Type
2-bed apartment
Size
1,551 sqft
Floor
7th of 9
Parking
B2-128
Developer
Nakheel
Completed
2007
Service charge
AED 28,100 /yr
Last sold
AED 2.2M · April 2009
Building
Shoreline - Shahla

About 708, Shoreline - Shahla

708 is a two-bedroom apartment of 1,551 sqft on the 7th floor of Shoreline - Shahla, a 9-storey tower in Palm Jumeirah completed in 2007 by Nakheel. The developer sold it on 19 April 2009 for AED 2,200,000, or AED 1,418 per sqft, 173% above the AED 519 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 15 March 2023. The current contract, signed on 15 March 2023, is AED 50,000 a year: a gross yield of 2.3% on the 2009 price, before the service charge of about AED 28,100 a year.

Sales and rents for 708 over time

Sales
Unit 708, each saleTypical two-bed in Shoreline - Shahla
2M4M2009201420192024Typical sale price by year: 2009 AED 1,025,000; 2010 AED 2,085,000; 2011 AED 1,268,125; 2012 AED 1,650,000; 2013 AED 2,225,000; 2014 AED 2,750,000; 2015 AED 1,971,250; 2016 AED 2,012,500; 2018 AED 1,514,153; 2019 AED 1,420,000; 2021 AED 1,900,000; 2022 AED 2,290,000; 2023 AED 2,900,000; 2024 AED 3,350,000; 2025 AED 3,800,000; 2026 AED 3,802,500Sold by developer, April 2009: AED 2,200,000 (AED 1,418 per sqft)

708 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 708, each contractTypical two-bed in Shoreline - Shahla
100K200K2012201620202024Typical rent by year: 2012 AED 120,000; 2013 AED 132,500; 2014 AED 158,200; 2015 AED 157,850; 2016 AED 155,000; 2017 AED 140,000; 2018 AED 135,000; 2019 AED 117,000; 2020 AED 100,000; 2021 AED 105,000; 2022 AED 123,000; 2023 AED 144,500; 2024 AED 168,000; 2025 AED 200,000; 2026 AED 184,000New contract, March 2023: AED 50,000 a year

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 708 sits

All 54 2-beds →

708 last sold in April 2009 at AED 1,418 per sqft, 173% above what two-beds in Shoreline - Shahla were fetching at the time (AED 519). 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. 708's AED 50,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
8 Oct 20264,175,000
11 Aug 20263,480,000
8 Apr 20264,055,000
26 Feb 20263,550,000
4 2-bed sales in the last 12 months

Shoreline - Shahla

Building

108 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%
Shoreline - Shahla, Palm Jumeirah: prices, sales and rents →

Other units on the 7th floor

All 108 units in Shoreline - Shahla
Value
7012-bedAED 825K · Apr 2009
7023-bedAED 1.18M · Apr 2009
7033-bedAED 1.8M · Jul 2009
7041-bedAED 1.4M · Jun 2019
7052-bedAED 1.3M · Jun 2010
7062-bedAED 3.44M · Sep 2023
7072-bedAED 1.05M · Apr 2009
1–7 of 11

708, Shoreline - Shahla in numbers

  • Sold once: by Nakheel on 19 April 2009 for AED 2,200,000, or AED 1,418 per sqft.
  • Rented since March 2023 on one Ejari contract, at AED 50,000 a year.
  • At AED 50,000 a year the gross yield on the 2009 price is 2.3%, 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 15 March 2023.

Questions about 708, Shoreline - Shahla

What did unit 708 last sell for?

AED 2,200,000 on 19 April 2009, sold by the developer: AED 1,418 per sqft for 1,551 sqft. It is the only registered sale of the unit.

What is the rent for unit 708?

AED 50,000 a year on the contract signed on 15 March 2023.

How big is unit 708?

1,551 sqft (144.1 sqm): a two-bedroom apartment on the 7th floor of a 9-storey tower completed in 2007.

What is unit 708 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 708, Shoreline - Shahla

Starts from the last sale price (AED 2.2M, 19 April 2009). Switch to today's estimate once you have unlocked it.
Price
AED 2,200,000
Deposit, UAE resident (20%)
AED 440,000
Deposit, non-resident (40%)
AED 880,000
Monthly over 25 years at 3.7%
AED 9,001

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →