3-bed · 2,221 sqftShoreline - Tamr, Palm Jumeirah · 5th floor · completed 2007

502, Shoreline - Tamr

Sold prices and rental history: sold 4 times, last in July 2014, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 502 · DLD and Ejari recordsUpdated 27 November 2021
Last soldAED 3.38M1 July 2014
Current rentAED 132K /yr27 November 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 502, Shoreline - Tamr

What is 502 worth today?

Last sold for AED 3,380,000 in 2014

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27 Nov 2021RentedRenewal
AED 132,250/yr12 months · AED 60 per sqft
27 Nov 2020RentedRenewal
AED 115,000/yr12 months · AED 52 per sqft
27 Nov 2019RentedRenewal
AED 140,000/yr12 months · AED 63 per sqft
27 Nov 2018RentedRenewal
AED 165,000/yr12 months · AED 74 per sqft
27 Nov 2017RentedNew contract
AED 165,000/yr12 months · AED 74 per sqft
3 Dec 2016RentedNew contract
AED 180,000/yr12 months · AED 81 per sqft
1 Jul 2016RentedRenewal
AED 193,000/yr12 months · AED 87 per sqft
1 Jul 2015RentedNew contract
AED 193,000/yr12 months · AED 87 per sqft

Source: Dubai Land Department. Updated 27 November 2021.

Key facts

Type
3-bed apartment
Size
2,221 sqft
Floor
5th of 10
Parking
B2-69,B2-70
Developer
Nakheel
Completed
2007
Service charge
AED 30,600 /yr
Last sold
AED 3.38M · July 2014

About 502, Shoreline - Tamr

502 is a three-bedroom apartment of 2,221 sqft on the 5th floor of Shoreline - Tamr, a 10-storey tower in Palm Jumeirah completed in 2007 by Nakheel. It last sold on 1 July 2014 for AED 3,380,000, or AED 1,521 per sqft.

It has been rented continuously since 2014 on 9 Ejari contracts. The current contract, renewed on 27 November 2021, is AED 132,250 a year: a gross yield of 3.9% on the 2014 price, before the service charge of about AED 30,600 a year.

Sales and rents for 502 over time

Sales
Unit 502, each saleTypical three-bed in Shoreline - Tamr
2M4M2009201420192024Typical sale price by year: 2009 AED 1,175,000; 2010 AED 1,827,500; 2012 AED 1,800,000; 2017 AED 2,900,000; 2021 AED 2,000,000; 2022 AED 2,670,000; 2023 AED 2,800,000; 2025 AED 4,849,500; 2026 AED 4,999,500Sold by developer, May 2009: AED 1,150,000 (AED 517 per sqft)Sold, May 2010: AED 1,900,000 (AED 855 per sqft)Sold, November 2013: AED 3,100,000 (AED 1,395 per sqft)Sold, July 2014: AED 3,380,000 (AED 1,521 per sqft)

502 has sold 4 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 502, each contractTypical three-bed in Shoreline - Tamr
100K200K2012201620202024Typical rent by year: 2012 AED 150,000; 2013 AED 157,500; 2014 AED 180,000; 2015 AED 190,000; 2016 AED 185,000; 2017 AED 172,500; 2018 AED 160,000; 2019 AED 142,000; 2020 AED 127,500; 2021 AED 132,250; 2022 AED 151,228; 2023 AED 189,657; 2024 AED 230,000; 2025 AED 248,750; 2026 AED 255,000New contract, July 2014: AED 193,000 a yearNew contract, July 2015: AED 193,000 a yearRenewal, July 2016: AED 193,000 a yearNew contract, December 2016: AED 180,000 a yearNew contract, November 2017: AED 165,000 a yearRenewal, November 2018: AED 165,000 a yearRenewal, November 2019: AED 140,000 a yearRenewal, November 2020: AED 115,000 a yearRenewal, November 2021: AED 132,250 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 - Tamr, and where 502 sits

All 29 3-beds →

Over the last 12 months three-beds sold for AED 4,900,000 to 5,300,000, around AED 2,292 per sqft, and rent for AED 200,000 to 340,000 a year. 502's AED 132,250 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
11 Sep 20264,999,999
14 Aug 20264,999,999
2 Apr 20264,900,000
14 Jan 20264,999,000
6 3-bed sales in the last 12 months

Shoreline - Tamr

Building

90 apartments, 1-bed to 4-bed over 10 floors in Palm Jumeirah, completed in 2007 by Nakheel. 11 sold in the last 12 months.

Typical price per sqft
AED 2,292 Up 5.4%
Typical sale
AED 4.9M
Typical rent
AED 165K /yr
Typical yield
4.8%
Shoreline - Tamr, Palm Jumeirah: prices, sales and rents →

Other units on the 5th floor

All 90 units in Shoreline - Tamr
Value
5012-bedAED 3.2M · Dec 2024
5033-bedAED 1.15M · Mar 2009
5041-bedAED 1.5M · Jan 2017
5062-bedAED 4.1M · Oct 2024
5072-bedNo registered sale
5082-bedAED 790K · Mar 2009
5091-bedAED 1.36M · Jan 2023
1–7 of 9

502, Shoreline - Tamr in numbers

  • Sold 4 times: first on 3 May 2009 for AED 1,150,000, last on 1 July 2014 for AED 3,380,000 (AED 1,521 per sqft).
  • Rented since July 2014 on 9 Ejari contracts. The rent fell from AED 193,000 to AED 115,000 in 2020 and recovered to AED 132,250 by November 2021.
  • At AED 132,250 a year the gross yield on the 2014 price is 3.9%, before a service charge of about AED 30,600 a year (AED 13.76 per sqft).
  • Three-beds in Shoreline - Tamr sold for AED 4,900,000–5,300,000 in the 12 months to November 2026; the building's median across all types is AED 2,292 per sqft.

Source: Dubai Land Department. Updated 27 November 2021.

Questions about 502, Shoreline - Tamr

What did unit 502 last sell for?

AED 3,380,000 on 1 July 2014: AED 1,521 per sqft for 2,221 sqft. The unit has 4 registered sales; the first was AED 1,150,000 in May 2009.

What is the rent for unit 502?

AED 132,250 a year on the contract renewed on 27 November 2021. The previous contract, from November 2020, was AED 115,000; the unit has been rented since July 2014.

How big is unit 502?

2,221 sqft (206.3 sqm): a three-bedroom apartment on the 5th floor of a 10-storey tower completed in 2007.

What is unit 502 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Shoreline - Tamr sold for AED 4,900,000 to 5,300,000 in the last 12 months, around AED 2,292 per sqft.

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Mortgage on 502, Shoreline - Tamr

Starts from the last sale price (AED 3.38M, 1 July 2014). Switch to today's estimate once you have unlocked it.
Price
AED 3,380,000
Deposit, UAE resident (20%)
AED 676,000
Deposit, non-resident (40%)
AED 1,352,000
Monthly over 25 years at 3.7%
AED 13,829

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