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2-bed · 1,551 sqftShoreline - Basri, Palm Jumeirah · 5th floor · completed 2007

505, Shoreline - Basri

Sold prices and rental history: sold twice, last in May 2016, and rented once, from June 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 505 · DLD and Ejari recordsUpdated 4 May 2016
Last soldAED 2.9M4 May 2016
Current rentAED 175K /yr7 June 2015
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 505, Shoreline - Basri

What is 505 worth today?

Last sold for AED 2,900,000 in 2016

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4 May 2016SoldReady
AED 2,900,000AED 1,870 per sqft
7 Jun 2015RentedNew contract
AED 175,000/yr12 months · AED 113 per sqft
28 Apr 2009Sold by developerReady
AED 870,000AED 561 per sqft

Source: Dubai Land Department. Updated 4 May 2016.

Key facts

Type
2-bed apartment
Size
1,551 sqft
Floor
5th of 11
Parking
B2-44
Developer
Nakheel
Completed
2007
Service charge
AED 22,100 /yr
Last sold
AED 2.9M · May 2016
Building
Shoreline - Basri

About 505, Shoreline - Basri

505 is a two-bedroom apartment of 1,551 sqft on the 5th floor of Shoreline - Basri, a 11-storey tower in Palm Jumeirah completed in 2007 by Nakheel. It last sold on 4 May 2016 for AED 2,900,000, or AED 1,870 per sqft.

One Ejari contract is registered, from 7 June 2015. The current contract, signed on 7 June 2015, is AED 175,000 a year: a gross yield of 6.0% on the 2016 price, before the service charge of about AED 22,100 a year.

Sales and rents for 505 over time

Sales
Unit 505, 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 870,000 (AED 561 per sqft)Sold, May 2016: AED 2,900,000 (AED 1,870 per sqft)

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

Rents
Unit 505, 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, June 2015: AED 175,000 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 505 sits

All 63 2-beds →

505's AED 175,000 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 5th floor

All 130 units in Shoreline - Basri
Value
5012-bedAED 3.15M · Sep 2024
5023-bedAED 2.45M · Feb 2012
5033-bedAED 1.25M · Apr 2009
504AED 3.5M · Aug 2025
506AED 3.6M · Jan 2022
5072-bedAED 5.8M · Nov 2024
5082-bedAED 1.8M · Mar 2020
1–7 of 10

505, Shoreline - Basri in numbers

  • Sold twice: first on 28 April 2009 for AED 870,000, last on 4 May 2016 for AED 2,900,000 (AED 1,870 per sqft).
  • Rented since June 2015 on one Ejari contract, at AED 175,000 a year.
  • At AED 175,000 a year the gross yield on the 2016 price is 6.0%, before a service charge of about AED 22,100 a year (AED 14.26 per sqft).

Source: Dubai Land Department. Updated 4 May 2016.

Questions about 505, Shoreline - Basri

What did unit 505 last sell for?

AED 2,900,000 on 4 May 2016: AED 1,870 per sqft for 1,551 sqft. The unit has 2 registered sales; the first was AED 870,000 in April 2009.

What is the rent for unit 505?

AED 175,000 a year on the contract signed on 7 June 2015.

How big is unit 505?

1,551 sqft (144.1 sqm): a two-bedroom apartment on the 5th floor of a 11-storey tower completed in 2007.

What is unit 505 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 505, Shoreline - Basri

Starts from the last sale price (AED 2.9M, 4 May 2016). Switch to today's estimate once you have unlocked it.
Price
AED 2,900,000
Deposit, UAE resident (20%)
AED 580,000
Deposit, non-resident (40%)
AED 1,160,000
Monthly over 25 years at 3.7%
AED 11,865

Plus AED 126,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →