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

511, Shoreline - Tamr

Sold prices and rental history: sold twice, last in July 2017, and rented since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 511 · DLD and Ejari recordsUpdated 17 July 2017
Last soldAED 3M17 July 2017
Current rentAED 180K /yr8 September 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 511, Shoreline - Tamr

What is 511 worth today?

Last sold for AED 3,000,000 in 2017

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17 Jul 2017SoldReady
AED 3,000,000AED 1,350 per sqft
8 Sep 2016RentedNew contract
AED 180,000/yr12 months · AED 81 per sqft
15 Mar 2016RentedRenewal
AED 190,000/yr12 months · AED 86 per sqft
15 Mar 2015RentedNew contract
AED 190,000/yr12 months · AED 86 per sqft
2 Mar 2009Sold by developerReady
AED 1,150,000AED 517 per sqft

Source: Dubai Land Department. Updated 17 July 2017.

Key facts

Type
3-bed apartment
Size
2,221 sqft
Floor
5th of 10
Parking
B2-83,B2-84
Developer
Nakheel
Completed
2007
Service charge
AED 30,600 /yr
Last sold
AED 3M · July 2017

About 511, Shoreline - Tamr

511 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 17 July 2017 for AED 3,000,000, or AED 1,350 per sqft, 4% above the AED 1,292 three-beds in the building were fetching at the time.

It has been rented since 2015 on 3 Ejari contracts. The current contract, signed on 8 September 2016, is AED 180,000 a year: a gross yield of 6.0% on the 2017 price, before the service charge of about AED 30,600 a year.

Sales and rents for 511 over time

Sales
Unit 511, 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, March 2009: AED 1,150,000 (AED 517 per sqft)Sold, July 2017: AED 3,000,000 (AED 1,350 per sqft)

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

Rents
Unit 511, each contractTypical three-bed in Shoreline - Tamr
200K2012201620202024Typical 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, March 2015: AED 190,000 a yearRenewal, March 2016: AED 190,000 a yearNew contract, September 2016: AED 180,000 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 - Tamr, and where 511 sits

All 29 3-beds →

511 last sold in July 2017 at AED 1,350 per sqft, 4% above what three-beds in Shoreline - Tamr were fetching at the time (AED 1,292). 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. 511's AED 180,000 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
5023-bedAED 3.38M · Jul 2014
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
1–7 of 9

511, Shoreline - Tamr in numbers

  • Sold twice: first on 2 March 2009 for AED 1,150,000, last on 17 July 2017 for AED 3,000,000 (AED 1,350 per sqft).
  • Rented since March 2015 on 3 Ejari contracts, from AED 190,000 to AED 180,000 a year.
  • At AED 180,000 a year the gross yield on the 2017 price is 6.0%, 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 17 July 2017.

Questions about 511, Shoreline - Tamr

What did unit 511 last sell for?

AED 3,000,000 on 17 July 2017: AED 1,350 per sqft for 2,221 sqft. The unit has 2 registered sales; the first was AED 1,150,000 in March 2009.

What is the rent for unit 511?

AED 180,000 a year on the contract signed on 8 September 2016. The previous contract, from March 2016, was AED 190,000; the unit has been rented since March 2015.

How big is unit 511?

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 511 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 511, Shoreline - Tamr

Starts from the last sale price (AED 3M, 17 July 2017). Switch to today's estimate once you have unlocked it.
Price
AED 3,000,000
Deposit, UAE resident (20%)
AED 600,000
Deposit, non-resident (40%)
AED 1,200,000
Monthly over 25 years at 3.7%
AED 12,274

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