2-bed · 1,589 sqftShoreline - Shahla, Palm Jumeirah · 7th floor · completed 2007

712, Shoreline - Shahla

Sold prices and rental history: sold twice, last in November 2016, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 712 · DLD and Ejari recordsUpdated 20 November 2016
Last soldAED 2.03M20 November 2016
Current rentAED 164K /yr30 June 2015
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 712, Shoreline - Shahla

What is 712 worth today?

Last sold for AED 2,025,000 in 2016

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20 Nov 2016SoldReady
AED 2,025,000AED 1,274 per sqft
30 Jun 2015RentedNew contract
AED 164,450/yr12 months · AED 104 per sqft
30 Jun 2014RentedNew contract
AED 149,500/yr12 months · AED 94 per sqft
30 Jun 2013RentedNew contract
AED 130,000/yr12 months · AED 82 per sqft
20 Apr 2009Sold by developerReady
AED 825,000AED 519 per sqft

Source: Dubai Land Department. Updated 20 November 2016.

Key facts

Type
2-bed apartment
Size
1,589 sqft
Floor
7th of 9
Parking
B2-122
Developer
Nakheel
Completed
2007
Service charge
AED 28,800 /yr
Last sold
AED 2.03M · November 2016

About 712, Shoreline - Shahla

712 is a two-bedroom apartment of 1,589 sqft on the 7th floor of Shoreline - Shahla, a 9-storey tower in Palm Jumeirah completed in 2007 by Nakheel. It last sold on 20 November 2016 for AED 2,025,000, or AED 1,274 per sqft, in line with the AED 1,286 two-beds in the building were fetching at the time.

It has been rented since 2013 on 3 Ejari contracts. The current contract, signed on 30 June 2015, is AED 164,450 a year: a gross yield of 8.1% on the 2016 price, before the service charge of about AED 28,800 a year.

Sales and rents for 712 over time

Sales
Unit 712, 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 825,000 (AED 519 per sqft)Sold, November 2016: AED 2,025,000 (AED 1,274 per sqft)

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

Rents
Unit 712, each contractTypical two-bed in Shoreline - Shahla
100K150K200K2012201620202024Typical 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, June 2013: AED 130,000 a yearNew contract, June 2014: AED 149,500 a yearNew contract, June 2015: AED 164,450 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 712 sits

All 54 2-beds →

712 last sold in November 2016 at AED 1,274 per sqft, in line with what two-beds in Shoreline - Shahla were fetching at the time (AED 1,286). 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. 712's AED 164,450 is in the lower half 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

712, Shoreline - Shahla in numbers

  • Sold twice: first on 20 April 2009 for AED 825,000, last on 20 November 2016 for AED 2,025,000 (AED 1,274 per sqft).
  • Rented since June 2013 on 3 Ejari contracts, from AED 130,000 to AED 164,450 a year.
  • At AED 164,450 a year the gross yield on the 2016 price is 8.1%, before a service charge of about AED 28,800 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 20 November 2016.

Questions about 712, Shoreline - Shahla

What did unit 712 last sell for?

AED 2,025,000 on 20 November 2016: AED 1,274 per sqft for 1,589 sqft. The unit has 2 registered sales; the first was AED 825,000 in April 2009.

What is the rent for unit 712?

AED 164,450 a year on the contract signed on 30 June 2015. The previous contract, from June 2014, was AED 149,500; the unit has been rented since June 2013.

How big is unit 712?

1,589 sqft (147.6 sqm): a two-bedroom apartment on the 7th floor of a 9-storey tower completed in 2007.

What is unit 712 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 712, Shoreline - Shahla

Starts from the last sale price (AED 2.03M, 20 November 2016). Switch to today's estimate once you have unlocked it.
Price
AED 2,025,000
Deposit, UAE resident (20%)
AED 405,000
Deposit, non-resident (40%)
AED 810,000
Monthly over 25 years at 3.7%
AED 8,285

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