3-bed · 2,138 sqftShoreline - Shahla, Palm Jumeirah · 8th floor · completed 2007

803, Shoreline - Shahla

Sold prices and rental history: sold once, by the developer in April 2009, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 803 · DLD and Ejari recordsUpdated 13 June 2022
Last soldAED 1.18M20 April 2009
Current rentAED 150K /yr13 June 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 803, Shoreline - Shahla

What is 803 worth today?

Last sold for AED 1,175,000 in 2009

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13 Jun 2022RentedRenewal
AED 149,500/yr12 months · AED 70 per sqft
13 Jun 2021RentedRenewal
AED 130,000/yr12 months · AED 61 per sqft
13 Jun 2020RentedRenewal
AED 130,000/yr12 months · AED 61 per sqft
13 Jun 2019RentedNew contract
AED 140,000/yr12 months · AED 65 per sqft
1 Nov 2018RentedRenewal
AED 152,500/yr6 months · AED 71 per sqft
1 Nov 2017RentedNew contract
AED 165,000/yr12 months · AED 77 per sqft
7 Aug 2016RentedRenewal
AED 215,000/yr12 months · AED 100 per sqft
7 Aug 2016RentedNew contract
AED 215,000/yr12 months · AED 100 per sqft

Source: Dubai Land Department. Updated 13 June 2022.

Key facts

Type
3-bed apartment
Size
2,138 sqft
Floor
8th of 9
Parking
B2-117,B2-118
Developer
Nakheel
Completed
2007
Service charge
AED 38,800 /yr
Last sold
AED 1.18M · April 2009

About 803, Shoreline - Shahla

803 is a three-bedroom apartment of 2,138 sqft on the 8th floor of Shoreline - Shahla, a 9-storey tower in Palm Jumeirah completed in 2007 by Nakheel. The developer sold it on 20 April 2009 for AED 1,175,000, or AED 549 per sqft, in line with the AED 537 three-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 10 Ejari contracts. The current contract, renewed on 13 June 2022, is AED 149,500 a year: a gross yield of 12.7% on the 2009 price, before the service charge of about AED 38,800 a year.

Sales and rents for 803 over time

Sales
Unit 803, 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, April 2009: AED 1,175,000 (AED 549 per sqft)

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

Rents
Unit 803, 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, August 2014: AED 190,000 a yearNew contract, August 2015: AED 209,000 a yearRenewal, August 2016: AED 215,000 a yearNew contract, August 2016: AED 215,000 a yearNew contract, November 2017: AED 165,000 a yearRenewal, November 2018: AED 152,500 a yearNew contract, June 2019: AED 140,000 a yearRenewal, June 2020: AED 130,000 a yearRenewal, June 2021: AED 130,000 a yearRenewal, June 2022: AED 149,500 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 803 sits

All 40 3-beds →

803 last sold in April 2009 at AED 549 per sqft, in line with what three-beds in Shoreline - Shahla were fetching at the time (AED 537). 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. 803's AED 149,500 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 8th floor

All 108 units in Shoreline - Shahla
Value
8012-bedAED 825K · Apr 2009
8023-bedAED 2.54M · Dec 2022
8041-bedAED 2.48M · Jun 2026
8052-bedAED 815K · Apr 2009
8062-bedAED 2.4M · Feb 2015
8072-bedAED 1.05M · Apr 2009
8082-bedAED 815K · Apr 2009
1–7 of 11

803, Shoreline - Shahla in numbers

  • Sold once: by Nakheel on 20 April 2009 for AED 1,175,000, or AED 549 per sqft.
  • Rented since August 2014 on 10 Ejari contracts. The rent fell from AED 190,000 to AED 130,000 in 2021 and recovered to AED 149,500 by June 2022.
  • At AED 149,500 a year the gross yield on the 2009 price is 12.7%, before a service charge of about AED 38,800 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 13 June 2022.

Questions about 803, Shoreline - Shahla

What did unit 803 last sell for?

AED 1,175,000 on 20 April 2009, sold by the developer: AED 549 per sqft for 2,138 sqft. It is the only registered sale of the unit.

What is the rent for unit 803?

AED 149,500 a year on the contract renewed on 13 June 2022. The previous contract, from June 2021, was AED 130,000; the unit has been rented since August 2014.

How big is unit 803?

2,138 sqft (198.6 sqm): a three-bedroom apartment on the 8th floor of a 9-storey tower completed in 2007.

What is unit 803 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 803, Shoreline - Shahla

Starts from the last sale price (AED 1.18M, 20 April 2009). Switch to today's estimate once you have unlocked it.
Price
AED 1,175,000
Deposit, UAE resident (20%)
AED 235,000
Deposit, non-resident (40%)
AED 470,000
Monthly over 25 years at 3.7%
AED 4,807

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