3-bed · 2,187 sqftShoreline - Shahla, Palm Jumeirah · 7th floor · completed 2007

711, Shoreline - Shahla

Sold prices and rental history: sold twice, last in April 2023, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 711 · DLD and Ejari recordsUpdated 14 April 2023
Last soldAED 3.3M14 April 2023
Current rentAED 175K /yr24 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 711, Shoreline - Shahla

What is 711 worth today?

Last sold for AED 3,300,000 in 2023

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14 Apr 2023SoldReady
AED 3,300,000AED 1,508 per sqft
24 Jan 2023RentedRenewal
AED 175,000/yr12 months · AED 80 per sqft
24 Jan 2022RentedNew contract
AED 175,000/yr12 months · AED 80 per sqft
11 Apr 2019RentedRenewal
AED 161,053/yr13 months · AED 74 per sqft
11 Apr 2018RentedNew contract
AED 170,000/yr12 months · AED 78 per sqft
15 Feb 2017RentedNew contract
AED 185,000/yr12 months · AED 85 per sqft
7 Aug 2016RentedNew contract
AED 170,000/yr12 months · AED 78 per sqft
30 Oct 2015RentedNew contract
AED 190,000/yr12 months · AED 87 per sqft

Source: Dubai Land Department. Updated 14 April 2023.

Key facts

Type
3-bed apartment
Size
2,187 sqft
Floor
7th of 9
Parking
B2-123,B2-124
Developer
Nakheel
Completed
2007
Service charge
AED 39,600 /yr
Last sold
AED 3.3M · April 2023

About 711, Shoreline - Shahla

711 is a three-bedroom apartment of 2,187 sqft on the 7th floor of Shoreline - Shahla, a 9-storey tower in Palm Jumeirah completed in 2007 by Nakheel. It last sold on 14 April 2023 for AED 3,300,000, or AED 1,508 per sqft, 29% above the AED 1,166 three-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 10 Ejari contracts. The current contract, renewed on 24 January 2023, is AED 175,000 a year: a gross yield of 5.3% on the 2023 price, before the service charge of about AED 39,600 a year.

Sales and rents for 711 over time

Sales
Unit 711, each saleTypical three-bed in Shoreline - Shahla
2M4M2009201420192024Typical sale price by year: 2009 AED 1,175,000; 2011 AED 1,740,000; 2012 AED 1,675,000; 2015 AED 2,650,000; 2016 AED 2,847,500; 2021 AED 1,750,000; 2022 AED 2,535,000; 2023 AED 3,675,000; 2025 AED 4,875,000; 2026 AED 4,775,000Sold by developer, December 2012: AED 3,250,000 (AED 1,486 per sqft)Sold, April 2023: AED 3,300,000 (AED 1,508 per sqft)

711 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 711, each contractTypical three-bed in Shoreline - Shahla
200K2012201620202024Typical rent by year: 2012 AED 145,000; 2013 AED 170,000; 2014 AED 190,000; 2015 AED 190,344; 2016 AED 185,000; 2017 AED 175,000; 2018 AED 160,000; 2019 AED 142,500; 2020 AED 137,500; 2021 AED 135,000; 2022 AED 151,250; 2023 AED 173,938; 2024 AED 215,500; 2025 AED 260,000; 2026 AED 230,000New contract, December 2012: AED 165,000 a yearNew contract, October 2013: AED 185,000 a yearNew contract, October 2014: AED 198,000 a yearNew contract, October 2015: AED 190,000 a yearNew contract, August 2016: AED 170,000 a yearNew contract, February 2017: AED 185,000 a yearNew contract, April 2018: AED 170,000 a yearRenewal, April 2019: AED 161,053 a yearNew contract, January 2022: AED 175,000 a yearRenewal, January 2023: AED 175,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Shoreline - Shahla, and where 711 sits

All 40 3-beds →

711 last sold in April 2023 at AED 1,508 per sqft, 29% above what three-beds in Shoreline - Shahla were fetching at the time (AED 1,166). Over the last 12 months three-beds sold for AED 4,410,076 to 5,000,000, around AED 2,189 per sqft, and rent for AED 190,000 to 320,000 a year. 711's AED 175,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
5 Aug 20264,999,999
5 Jun 20264,800,000
5 Jun 20264,700,000
23 Apr 20264,750,000
6 3-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

711, Shoreline - Shahla in numbers

  • Sold twice: first on 31 December 2012 for AED 3,250,000, last on 14 April 2023 for AED 3,300,000 (AED 1,508 per sqft).
  • Rented since December 2012 on 10 Ejari contracts, from AED 165,000 to AED 175,000 a year.
  • At AED 175,000 a year the gross yield on the 2023 price is 5.3%, before a service charge of about AED 39,600 a year (AED 18.13 per sqft).
  • Three-beds in Shoreline - Shahla sold for AED 4,410,076–5,000,000 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 14 April 2023.

Questions about 711, Shoreline - Shahla

What did unit 711 last sell for?

AED 3,300,000 on 14 April 2023: AED 1,508 per sqft for 2,187 sqft. The unit has 2 registered sales; the first was AED 3,250,000 in December 2012.

What is the rent for unit 711?

AED 175,000 a year on the contract renewed on 24 January 2023. The previous contract, from January 2022, was AED 175,000; the unit has been rented since December 2012.

How big is unit 711?

2,187 sqft (203.2 sqm): a three-bedroom apartment on the 7th floor of a 9-storey tower completed in 2007.

What is unit 711 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Shoreline - Shahla sold for AED 4,410,076 to 5,000,000 in the last 12 months, around AED 2,189 per sqft.

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Mortgage on 711, Shoreline - Shahla

Starts from the last sale price (AED 3.3M, 14 April 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,300,000
Deposit, UAE resident (20%)
AED 660,000
Deposit, non-resident (40%)
AED 1,320,000
Monthly over 25 years at 3.7%
AED 13,501

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