3-bed · 2,213 sqftShoreline - Sultana, Palm Jumeirah · 3rd floor · completed 2007

302, Shoreline - Sultana

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

Unit 302 · DLD and Ejari recordsUpdated 25 May 2024
Last soldAED 1.15M2 November 2009
Current rentAED 245K /yr25 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 302, Shoreline - Sultana

What is 302 worth today?

Last sold for AED 1,150,000 in 2009

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25 May 2024RentedNew contract
AED 245,000/yr12 months · AED 110 per sqft
1 Apr 2022RentedNew contract
AED 185,000/yr12 months · AED 83 per sqft
15 Feb 2021RentedRenewal
AED 120,000/yr12 months · AED 54 per sqft
15 Feb 2020RentedNew contract
AED 135,000/yr12 months · AED 61 per sqft
22 Oct 2018RentedRenewal
AED 175,000/yr12 months · AED 79 per sqft
22 Oct 2017RentedNew contract
AED 185,000/yr12 months · AED 83 per sqft
22 Oct 2016RentedNew contract
AED 185,000/yr12 months · AED 83 per sqft
6 Jul 2015RentedNew contract
AED 205,000/yr12 months · AED 92 per sqft

Source: Dubai Land Department. Updated 25 May 2024.

Key facts

Type
3-bed apartment
Size
2,213 sqft
Floor
3rd of 8
Parking
1B1-12,1B1-13
Developer
Nakheel
Completed
2007
Service charge
AED 31,800 /yr
Last sold
AED 1.15M · November 2009

About 302, Shoreline - Sultana

302 is a three-bedroom apartment of 2,213 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 November 2009 for AED 1,150,000, or AED 519 per sqft, 12% below the AED 590 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, signed on 25 May 2024, is AED 245,000 a year: a gross yield of 21.3% on the 2009 price, before the service charge of about AED 31,800 a year.

Sales and rents for 302 over time

Sales
Unit 302, each saleTypical three-bed in Shoreline - Sultana
2.5M5M2009201420192024Typical sale price by year: 2009 AED 1,275,000; 2011 AED 2,541,250; 2013 AED 3,650,000; 2019 AED 2,045,000; 2022 AED 3,500,000; 2023 AED 3,850,000; 2025 AED 5,700,000Sold by developer, November 2009: AED 1,150,000 (AED 519 per sqft)

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

Rents
Unit 302, each contractTypical three-bed in Shoreline - Sultana
100K200K300K2013201720212025Typical rent by year: 2013 AED 190,000; 2014 AED 215,000; 2015 AED 210,000; 2016 AED 200,000; 2017 AED 195,000; 2018 AED 167,500; 2019 AED 155,000; 2020 AED 147,500; 2021 AED 153,000; 2022 AED 175,250; 2023 AED 227,500; 2024 AED 250,000; 2025 AED 297,500; 2026 AED 250,000New contract, May 2013: AED 170,000 a yearNew contract, May 2014: AED 210,000 a yearNew contract, July 2015: AED 205,000 a yearNew contract, October 2016: AED 185,000 a yearNew contract, October 2017: AED 185,000 a yearRenewal, October 2018: AED 175,000 a yearNew contract, February 2020: AED 135,000 a yearRenewal, February 2021: AED 120,000 a yearNew contract, April 2022: AED 185,000 a yearNew contract, May 2024: AED 245,000 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 - Sultana, and where 302 sits

All 35 3-beds →

302 last sold in November 2009 at AED 519 per sqft, 12% below what three-beds in Shoreline - Sultana were fetching at the time (AED 590). Over the last 12 months three-beds sold for AED 5,500,000 to 6,600,000, around AED 2,690 per sqft, and rent for AED 200,000 to 340,000 a year. 302's AED 245,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
18 Feb 20265,500,000
6 Feb 20266,600,000
29 Dec 20255,500,000
12 Dec 20256,250,000
4 3-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
3012-bedAED 800K · Mar 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

302, Shoreline - Sultana in numbers

  • Sold once: by Nakheel on 2 November 2009 for AED 1,150,000, or AED 519 per sqft.
  • Rented since May 2013 on 10 Ejari contracts. The rent fell from AED 170,000 to AED 120,000 in 2021 and recovered to AED 245,000 by May 2024.
  • At AED 245,000 a year the gross yield on the 2009 price is 21.3%, before a service charge of about AED 31,800 a year (AED 14.39 per sqft).
  • Three-beds in Shoreline - Sultana sold for AED 5,500,000–6,600,000 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 25 May 2024.

Questions about 302, Shoreline - Sultana

What did unit 302 last sell for?

AED 1,150,000 on 2 November 2009, sold by the developer: AED 519 per sqft for 2,213 sqft. It is the only registered sale of the unit.

What is the rent for unit 302?

AED 245,000 a year on the contract signed on 25 May 2024. The previous contract, from April 2022, was AED 185,000; the unit has been rented since May 2013.

How big is unit 302?

2,213 sqft (205.6 sqm): a three-bedroom apartment on the 3rd floor of a 8-storey tower completed in 2007.

What is unit 302 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Shoreline - Sultana sold for AED 5,500,000 to 6,600,000 in the last 12 months, around AED 2,690 per sqft.

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Mortgage on 302, Shoreline - Sultana

Starts from the last sale price (AED 1.15M, 2 November 2009). Switch to today's estimate once you have unlocked it.
Price
AED 1,150,000
Deposit, UAE resident (20%)
AED 230,000
Deposit, non-resident (40%)
AED 460,000
Monthly over 25 years at 3.7%
AED 4,705

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