2-bed · 1,589 sqftShoreline - Shahla, Palm Jumeirah · 9th floor · completed 2007

901, Shoreline - Shahla

Sold prices and rental history: sold twice, last in February 2024, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 901 · DLD and Ejari recordsUpdated 1 February 2024
Last soldAED 2.83M1 February 2024
Current rentAED 130K /yr15 April 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 901, Shoreline - Shahla

What is 901 worth today?

Last sold for AED 2,825,000 in 2024

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1 Feb 2024SoldReady
AED 2,825,000AED 1,777 per sqft
15 Apr 2023RentedRenewal
AED 130,000/yr12 months · AED 82 per sqft
15 Apr 2022RentedNew contract
AED 125,000/yr12 months · AED 78 per sqft
8 Apr 2021RentedNew contract
AED 105,000/yr12 months · AED 66 per sqft
4 Oct 2020RentedRenewal
AED 111,381/yr6 months · AED 70 per sqft
4 Oct 2018RentedRenewal
AED 120,000/yr12 months · AED 25 per sqft
4 Oct 2017RentedNew contract
AED 135,000/yr12 months · AED 28 per sqft
3 Oct 2016RentedNew contract
AED 155,000/yr12 months · AED 32 per sqft

Source: Dubai Land Department. Updated 1 February 2024.

Key facts

Type
2-bed apartment
Size
1,589 sqft
Floor
9th of 9
Parking
B2-104
Developer
Nakheel
Completed
2007
Service charge
AED 28,800 /yr
Last sold
AED 2.83M · February 2024

About 901, Shoreline - Shahla

901 is a two-bedroom apartment of 1,589 sqft on the 9th floor of Shoreline - Shahla, a 9-storey tower in Palm Jumeirah completed in 2007 by Nakheel. It last sold on 1 February 2024 for AED 2,825,000, or AED 1,777 per sqft, 3% above the AED 1,724 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 9 Ejari contracts. The current contract, renewed on 15 April 2023, is AED 130,000 a year: a gross yield of 4.6% on the 2024 price, before the service charge of about AED 28,800 a year.

Sales and rents for 901 over time

Sales
Unit 901, 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, June 2009: AED 3,650,000 (AED 2,296 per sqft)Sold, February 2024: AED 2,825,000 (AED 1,777 per sqft)

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

Rents
Unit 901, 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, September 2014: AED 165,000 a yearNew contract, September 2015: AED 157,500 a yearNew contract, October 2016: AED 155,000 a yearNew contract, October 2017: AED 135,000 a yearRenewal, October 2018: AED 120,000 a yearRenewal, October 2020: AED 111,381 a yearNew contract, April 2021: AED 105,000 a yearNew contract, April 2022: AED 125,000 a yearRenewal, April 2023: AED 130,000 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 901 sits

All 54 2-beds →

901 last sold in February 2024 at AED 1,777 per sqft, 3% above what two-beds in Shoreline - Shahla were fetching at the time (AED 1,724). 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. 901's AED 130,000 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 9th floor

All 108 units in Shoreline - Shahla
Value
9023-bedAED 1.18M · Apr 2009
9033-bedAED 4.3M · Oct 2024
9041-bedAED 625K · Apr 2009
9052-bedAED 3.4M · Apr 2024
9062-bedAED 2.35M · Jul 2013
9072-bedAED 2.1M · Aug 2021
9082-bedAED 3.15M · Aug 2024
1–7 of 11

901, Shoreline - Shahla in numbers

  • Sold twice: first on 15 June 2009 for AED 3,650,000, last on 1 February 2024 for AED 2,825,000 (AED 1,777 per sqft).
  • Rented since September 2014 on 9 Ejari contracts. The rent fell from AED 165,000 to AED 105,000 in 2021 and recovered to AED 130,000 by April 2023.
  • At AED 130,000 a year the gross yield on the 2024 price is 4.6%, 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 1 February 2024.

Questions about 901, Shoreline - Shahla

What did unit 901 last sell for?

AED 2,825,000 on 1 February 2024: AED 1,777 per sqft for 1,589 sqft. The unit has 2 registered sales; the first was AED 3,650,000 in June 2009.

What is the rent for unit 901?

AED 130,000 a year on the contract renewed on 15 April 2023. The previous contract, from April 2022, was AED 125,000; the unit has been rented since September 2014.

How big is unit 901?

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

What is unit 901 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 901, Shoreline - Shahla

Starts from the last sale price (AED 2.83M, 1 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,825,000
Deposit, UAE resident (20%)
AED 565,000
Deposit, non-resident (40%)
AED 1,130,000
Monthly over 25 years at 3.7%
AED 11,558

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