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2-bed · 1,997 sqftShoreline - Basri, Palm Jumeirah · 4th floor · completed 2007

406, Shoreline - Basri

Sold prices and rental history: sold 3 times, last in July 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 406 · DLD and Ejari recordsUpdated 1 July 2024
Last soldAED 5.9M1 July 2024
Current rentAED 275K /yr15 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 406, Shoreline - Basri

What is 406 worth today?

Last sold for AED 5,900,000 in 2024

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1 Jul 2024SoldReady
AED 5,900,000AED 2,954 per sqft
15 Nov 2023RentedNew contract
AED 275,000/yr12 months · AED 138 per sqft
15 Nov 2022RentedNew contract
AED 275,000/yr12 months · AED 137 per sqft
21 Feb 2022RentedRenewal
AED 195,000/yr12 months · AED 97 per sqft
26 May 2011SoldReady
AED 3,000,000AED 1,502 per sqft
29 Apr 2009Sold by developerReady
AED 1,050,000AED 525 per sqft

Source: Dubai Land Department. Updated 1 July 2024.

Key facts

Type
2-bed apartment
Size
1,997 sqft
Floor
4th of 11
Parking
1B2-33
Developer
Nakheel
Completed
2007
Service charge
AED 28,500 /yr
Last sold
AED 5.9M · July 2024
Building
Shoreline - Basri

About 406, Shoreline - Basri

406 is a two-bedroom apartment of 1,997 sqft on the 4th floor of Shoreline - Basri, a 11-storey tower in Palm Jumeirah completed in 2007 by Nakheel. It last sold on 1 July 2024 for AED 5,900,000, or AED 2,954 per sqft, in line with the AED 2,954 two-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 15 November 2023, is AED 275,000 a year: a gross yield of 4.7% on the 2024 price, before the service charge of about AED 28,500 a year.

Sales and rents for 406 over time

Sales
Unit 406, each saleTypical two-bed in Shoreline - Basri
2.5M5M2009201420192024Typical 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 1,050,000 (AED 525 per sqft)Sold, May 2011: AED 3,000,000 (AED 1,502 per sqft)Sold, July 2024: AED 5,900,000 (AED 2,954 per sqft)

406 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 406, each contractTypical two-bed in Shoreline - Basri
100K200K300K2011201520192023Typical 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 178,700Renewal, February 2022: AED 195,000 a yearNew contract, November 2022: AED 275,000 a yearNew contract, November 2023: AED 275,000 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 406 sits

All 63 2-beds →

406 last sold in July 2024 at AED 2,954 per sqft, in line with what two-beds in Shoreline - Basri were fetching at the time (AED 2,954). 406's AED 275,000 is at the top 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 4th floor

All 130 units in Shoreline - Basri
Value
4012-bedAED 1.3M · Jun 2014
4023-bedAED 1.15M · Feb 2011
4033-bedAED 4.05M · Jan 2024
4041-bedAED 1.6M · Aug 2013
4052-bedAED 1.9M · Sep 2020
4072-bedAED 6.3M · Jul 2025
4082-bedAED 870K · Sep 2016
1–7 of 11

406, Shoreline - Basri in numbers

  • Sold 3 times: first on 29 April 2009 for AED 1,050,000, last on 1 July 2024 for AED 5,900,000 (AED 2,954 per sqft).
  • Rented since February 2022 on 3 Ejari contracts, from AED 195,000 to AED 275,000 a year.
  • At AED 275,000 a year the gross yield on the 2024 price is 4.7%, before a service charge of about AED 28,500 a year (AED 14.26 per sqft).

Source: Dubai Land Department. Updated 1 July 2024.

Questions about 406, Shoreline - Basri

What did unit 406 last sell for?

AED 5,900,000 on 1 July 2024: AED 2,954 per sqft for 1,997 sqft. The unit has 3 registered sales; the first was AED 1,050,000 in April 2009.

What is the rent for unit 406?

AED 275,000 a year on the contract signed on 15 November 2023. The previous contract, from November 2022, was AED 275,000; the unit has been rented since February 2022.

How big is unit 406?

1,997 sqft (185.5 sqm): a two-bedroom apartment on the 4th floor of a 11-storey tower completed in 2007.

What is unit 406 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 406, Shoreline - Basri

Starts from the last sale price (AED 5.9M, 1 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 5,900,000
Deposit, UAE resident (20%)
AED 1,180,000
Deposit, non-resident (40%)
AED 2,360,000
Monthly over 25 years at 3.7%
AED 24,139

Plus AED 252,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →