2-bed · 1,997 sqftShoreline - Basri, Palm Jumeirah · 3rd floor · completed 2007

307, Shoreline - Basri

Sold prices and rental history: sold twice, last in March 2020, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 307 · DLD and Ejari recordsUpdated 15 March 2020
Last soldAED 2.38M15 March 2020
Current rentAED 180K /yr12 February 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 307, Shoreline - Basri

What is 307 worth today?

Last sold for AED 2,377,400 in 2020

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15 Mar 2020SoldReady
AED 2,377,400AED 1,190 per sqft
12 Feb 2019RentedRenewal
AED 180,000/yr12 months · AED 90 per sqft
12 Feb 2018RentedRenewal
AED 180,000/yr12 months · AED 90 per sqft
12 Feb 2017RentedNew contract
AED 180,000/yr12 months · AED 90 per sqft
20 Feb 2016RentedRenewal
AED 185,000/yr12 months · AED 92 per sqft
20 Feb 2015RentedNew contract
AED 180,000/yr12 months · AED 90 per sqft
15 Feb 2014RentedNew contract
AED 190,000/yr12 months · AED 95 per sqft
15 Dec 2012RentedNew contract
AED 195,000/yr12 months · AED 97 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 March 2020.

Key facts

Type
2-bed apartment
Size
1,997 sqft
Floor
3rd of 11
Parking
B2-78
Developer
Nakheel
Completed
2007
Service charge
AED 28,500 /yr
Last sold
AED 2.38M · March 2020

About 307, Shoreline - Basri

307 is a two-bedroom apartment of 1,997 sqft on the 3rd floor of Shoreline - Basri, a 11-storey tower in Palm Jumeirah completed in 2007 by Nakheel. It last sold on 15 March 2020 for AED 2,377,400, or AED 1,190 per sqft, in line with the AED 1,190 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 7 Ejari contracts. The current contract, renewed on 12 February 2019, is AED 180,000 a year: a gross yield of 7.6% on the 2020 price, before the service charge of about AED 28,500 a year.

Sales and rents for 307 over time

Sales
Unit 307, each saleTypical two-bed in Shoreline - Basri
2M4M20092013201720212025Typical sale price by year: 2009 AED 1,050,000; 2010 AED 1,375,000; 2011 AED 2,750,000; 2012 AED 1,700,000; 2013 AED 3,550,000; 2014 AED 1,900,000; 2015 AED 2,790,000; 2016 AED 2,900,000; 2018 AED 2,400,000; 2020 AED 1,612,500; 2022 AED 2,250,000; 2023 AED 3,975,000; 2024 AED 4,500,000Sold by developer, April 2009: AED 4,000,000 (AED 2,003 per sqft)Sold, March 2020: AED 2,377,400 (AED 1,190 per sqft)

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

Rents
Unit 307, each contractTypical two-bed in Shoreline - Basri
150K200K2011201520192023Typical rent by year: 2011 AED 140,000; 2012 AED 170,000; 2013 AED 165,000; 2014 AED 175,000; 2015 AED 180,000; 2016 AED 180,000; 2017 AED 175,000; 2018 AED 145,000; 2019 AED 137,500; 2020 AED 130,000; 2021 AED 125,000; 2022 AED 145,409; 2023 AED 167,096; 2024 AED 200,000; 2025 AED 178,700New contract, December 2012: AED 195,000 a yearNew contract, February 2014: AED 190,000 a yearNew contract, February 2015: AED 180,000 a yearRenewal, February 2016: AED 185,000 a yearNew contract, February 2017: AED 180,000 a yearRenewal, February 2018: AED 180,000 a yearRenewal, February 2019: AED 180,000 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 - Basri, and where 307 sits

All 63 2-beds →

307 last sold in March 2020 at AED 1,190 per sqft, in line with what two-beds in Shoreline - Basri were fetching at the time (AED 1,190). 307's AED 180,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
31 Jul 20256,300,000
23 Apr 20256,900,000
12 Nov 20245,800,000
22 Oct 20244,500,000
0 2-bed sales in the last 12 months

Shoreline - Basri

Building

130 apartments, 1-bed to 4-bed over 11 floors in Palm Jumeirah, completed in 2007 by Nakheel. No sale in the last 12 months.

Typical price per sqft
Few sales
Typical sale
Few sales
Typical rent
AED 185K /yr
Typical yield
Shoreline - Basri, Palm Jumeirah: prices, sales and rents →

Other units on the 3rd floor

All 130 units in Shoreline - Basri
Value
3012-bedAED 1M · May 2022
3023-bedAED 2.8M · Jun 2013
3033-bedAED 3.05M · Feb 2015
3041-bedAED 2.76M · Apr 2024
3052-bedAED 3M · Feb 2023
3062-bedAED 1.05M · Apr 2009
3082-bedAED 4.15M · Jul 2024
1–7 of 11

307, Shoreline - Basri in numbers

  • Sold twice: first on 29 April 2009 for AED 4,000,000, last on 15 March 2020 for AED 2,377,400 (AED 1,190 per sqft).
  • Rented since December 2012 on 7 Ejari contracts, from AED 195,000 to AED 180,000 a year.
  • At AED 180,000 a year the gross yield on the 2020 price is 7.6%, before a service charge of about AED 28,500 a year (AED 14.26 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 15 March 2020.

Questions about 307, Shoreline - Basri

What did unit 307 last sell for?

AED 2,377,400 on 15 March 2020: AED 1,190 per sqft for 1,997 sqft. The unit has 2 registered sales; the first was AED 4,000,000 in April 2009.

What is the rent for unit 307?

AED 180,000 a year on the contract renewed on 12 February 2019. The previous contract, from February 2018, was AED 180,000; the unit has been rented since December 2012.

How big is unit 307?

1,997 sqft (185.5 sqm): a two-bedroom apartment on the 3rd floor of a 11-storey tower completed in 2007.

What is unit 307 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 307, Shoreline - Basri

Starts from the last sale price (AED 2.38M, 15 March 2020). Switch to today's estimate once you have unlocked it.
Price
AED 2,377,400
Deposit, UAE resident (20%)
AED 475,480
Deposit, non-resident (40%)
AED 950,960
Monthly over 25 years at 3.7%
AED 9,727

Plus AED 104,861 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →