2-bed · 1,586 sqftShoreline - Sultana, Palm Jumeirah · 3rd floor · completed 2007

301, Shoreline - Sultana

Sold prices and rental history: sold once, by the developer in March 2009, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 301 · DLD and Ejari recordsUpdated 15 September 2022
Last soldAED 800K2 March 2009
Current rentAED 121K /yr15 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 301, Shoreline - Sultana

What is 301 worth today?

Last sold for AED 800,000 in 2009

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15 Sep 2022RentedRenewal
AED 121,000/yr12 months · AED 76 per sqft
15 Sep 2021RentedNew contract
AED 110,000/yr12 months · AED 69 per sqft
25 Aug 2020RentedRenewal
AED 95,000/yr12 months · AED 60 per sqft
25 Aug 2019RentedNew contract
AED 110,000/yr12 months · AED 70 per sqft
14 Jan 2019RentedRenewal
AED 130,781/yr6 months · AED 83 per sqft
15 Jan 2018RentedRenewal
AED 135,000/yr12 months · AED 85 per sqft
15 Jan 2017RentedRenewal
AED 145,000/yr12 months · AED 92 per sqft
15 Jan 2016RentedNew contract
AED 145,000/yr12 months · AED 92 per sqft

Source: Dubai Land Department. Updated 15 September 2022.

Key facts

Type
2-bed apartment
Size
1,586 sqft
Floor
3rd of 8
Parking
1B2-9
Developer
Nakheel
Completed
2007
Service charge
AED 22,800 /yr
Last sold
AED 800K · March 2009

About 301, Shoreline - Sultana

301 is a two-bedroom apartment of 1,586 sqft on the 3rd floor of Shoreline - Sultana, a 8-storey tower in Palm Jumeirah completed in 2007 by Nakheel. The developer sold it on 2 March 2009 for AED 800,000, or AED 504 per sqft, 10% below the AED 560 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, renewed on 15 September 2022, is AED 121,000 a year: a gross yield of 15.1% on the 2009 price, before the service charge of about AED 22,800 a year.

Sales and rents for 301 over time

Sales
Unit 301, each saleTypical two-bed in Shoreline - Sultana
05M2009201420192024Typical sale price by year: 2009 AED 1,050,000; 2011 AED 2,600,000; 2012 AED 2,560,000; 2013 AED 3,250,000; 2015 AED 3,200,000; 2017 AED 2,480,000; 2023 AED 2,500,000; 2025 AED 6,617,204Sold by developer, March 2009: AED 800,000 (AED 504 per sqft)

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

Rents
Unit 301, each contractTypical two-bed in Shoreline - Sultana
100K200K2012201620202024Typical rent by year: 2012 AED 170,000; 2013 AED 165,000; 2014 AED 180,000; 2015 AED 175,032; 2016 AED 176,000; 2017 AED 165,000; 2018 AED 147,500; 2019 AED 135,000; 2020 AED 125,000; 2021 AED 129,500; 2022 AED 136,500; 2023 AED 156,500; 2024 AED 210,000; 2025 AED 245,000; 2026 AED 230,250New contract, August 2013: AED 150,000 a yearNew contract, September 2014: AED 177,500 a yearNew contract, January 2016: AED 145,000 a yearRenewal, January 2017: AED 145,000 a yearRenewal, January 2018: AED 135,000 a yearRenewal, January 2019: AED 130,781 a yearNew contract, August 2019: AED 110,000 a yearRenewal, August 2020: AED 95,000 a yearNew contract, September 2021: AED 110,000 a yearRenewal, September 2022: AED 121,000 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 - Sultana, and where 301 sits

All 48 2-beds →

301 last sold in March 2009 at AED 504 per sqft, 10% below what two-beds in Shoreline - Sultana were fetching at the time (AED 560). Over the last 12 months two-beds sold for AED 1,500,000 to 7,750,000, around AED 2,913 per sqft, and rent for AED 170,000 to 290,000 a year. 301's AED 121,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
11 Jun 20261,500,000
3 Mar 20264,100,000
29 Dec 20256,384,407
11 Dec 20257,750,000
4 2-bed sales in the last 12 months

Shoreline - Sultana

Building

95 apartments, 1-bed to 4-bed over 8 floors in Palm Jumeirah, completed in 2007 by Nakheel. 8 sold in the last 12 months.

Typical price per sqft
AED 2,758
Typical sale
AED 5.88M
Typical rent
AED 220K /yr
Typical yield
4.7%
Shoreline - Sultana, Palm Jumeirah: prices, sales and rents →

Other units on the 3rd floor

All 95 units in Shoreline - Sultana
Value
3023-bedAED 1.15M · Nov 2009
3033-bedAED 3.15M · Jun 2017
3041-bedAED 2.1M · Jul 2022
3052-bedAED 2.65M · Apr 2018
3062-bedAED 1.95M · Dec 2013
3072-bedAED 3.9M · Jul 2013
3082-bedAED 1.5M · Jun 2026
1–7 of 11

301, Shoreline - Sultana in numbers

  • Sold once: by Nakheel on 2 March 2009 for AED 800,000, or AED 504 per sqft.
  • Rented since August 2013 on 10 Ejari contracts. The rent fell from AED 150,000 to AED 95,000 in 2020 and recovered to AED 121,000 by September 2022.
  • At AED 121,000 a year the gross yield on the 2009 price is 15.1%, before a service charge of about AED 22,800 a year (AED 14.39 per sqft).
  • Two-beds in Shoreline - Sultana sold for AED 1,500,000–7,750,000 in the 12 months to November 2026; the building's median across all types is AED 2,758 per sqft.

Source: Dubai Land Department. Updated 15 September 2022.

Questions about 301, Shoreline - Sultana

What did unit 301 last sell for?

AED 800,000 on 2 March 2009, sold by the developer: AED 504 per sqft for 1,586 sqft. It is the only registered sale of the unit.

What is the rent for unit 301?

AED 121,000 a year on the contract renewed on 15 September 2022. The previous contract, from September 2021, was AED 110,000; the unit has been rented since August 2013.

How big is unit 301?

1,586 sqft (147.3 sqm): a two-bedroom apartment on the 3rd floor of a 8-storey tower completed in 2007.

What is unit 301 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Shoreline - Sultana sold for AED 1,500,000 to 7,750,000 in the last 12 months, around AED 2,913 per sqft.

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Mortgage on 301, Shoreline - Sultana

Starts from the last sale price (AED 800K, 2 March 2009). Switch to today's estimate once you have unlocked it.
Price
AED 800,000
Deposit, UAE resident (20%)
AED 160,000
Deposit, non-resident (40%)
AED 320,000
Monthly over 25 years at 3.7%
AED 3,273

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