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2-bed · 1,994 sqftShoreline - Basri, Palm Jumeirah · 7th floor · completed 2007

707, Shoreline - Basri

Sold prices and rental history: sold 4 times, last in July 2019, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 707 · DLD and Ejari recordsUpdated 1 March 2024
Last soldAED 2.8M4 July 2019
Current rentAED 220K /yr1 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 707, Shoreline - Basri

What is 707 worth today?

Last sold for AED 2,800,000 in 2019

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1 Mar 2024RentedNew contract
AED 220,000/yr12 months · AED 110 per sqft
1 Mar 2023RentedNew contract
AED 220,000/yr12 months · AED 110 per sqft
1 Jan 2022RentedNew contract
AED 190,000/yr12 months · AED 95 per sqft
4 Jul 2019SoldReady
AED 2,800,000AED 1,404 per sqft
19 Dec 2013SoldReady
AED 3,800,000AED 1,906 per sqft
25 Jul 2013SoldReady
AED 3,300,000AED 1,655 per sqft
20 Jan 2013Sold by developerReady
AED 3,800,000AED 1,906 per sqft

Source: Dubai Land Department. Updated 1 March 2024.

Key facts

Type
2-bed apartment
Size
1,994 sqft
Floor
7th of 11
Parking
B2-128
Developer
Nakheel
Completed
2007
Service charge
AED 28,400 /yr
Last sold
AED 2.8M · July 2019
Building
Shoreline - Basri

About 707, Shoreline - Basri

707 is a two-bedroom apartment of 1,994 sqft on the 7th floor of Shoreline - Basri, a 11-storey tower in Palm Jumeirah completed in 2007 by Nakheel. It last sold on 4 July 2019 for AED 2,800,000, or AED 1,404 per sqft, in line with the AED 1,404 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 1 March 2024, is AED 220,000 a year: a gross yield of 7.9% on the 2019 price, before the service charge of about AED 28,400 a year.

Sales and rents for 707 over time

Sales
Unit 707, 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, January 2013: AED 3,800,000 (AED 1,906 per sqft)Sold, July 2013: AED 3,300,000 (AED 1,655 per sqft)Sold, December 2013: AED 3,800,000 (AED 1,906 per sqft)Sold, July 2019: AED 2,800,000 (AED 1,404 per sqft)

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

Rents
Unit 707, 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, January 2022: AED 190,000 a yearNew contract, March 2023: AED 220,000 a yearNew contract, March 2024: AED 220,000 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 707 sits

All 63 2-beds →

707 last sold in July 2019 at AED 1,404 per sqft, in line with what two-beds in Shoreline - Basri were fetching at the time (AED 1,404). 707's AED 220,000 is in the upper 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 7th floor

All 130 units in Shoreline - Basri
Value
7012-bedAED 2.25M · Dec 2022
7023-bedAED 1.18M · Apr 2009
7033-bedAED 3.3M · Nov 2017
7041-bedAED 685K · Apr 2009
7052-bedAED 3.38M · Feb 2015
7062-bedAED 3.95M · Mar 2023
7082-bedAED 2.1M · Dec 2011
1–7 of 11

707, Shoreline - Basri in numbers

  • Sold 4 times: first on 20 January 2013 for AED 3,800,000, last on 4 July 2019 for AED 2,800,000 (AED 1,404 per sqft).
  • Rented since January 2022 on 3 Ejari contracts, from AED 190,000 to AED 220,000 a year.
  • At AED 220,000 a year the gross yield on the 2019 price is 7.9%, before a service charge of about AED 28,400 a year (AED 14.26 per sqft).

Source: Dubai Land Department. Updated 1 March 2024.

Questions about 707, Shoreline - Basri

What did unit 707 last sell for?

AED 2,800,000 on 4 July 2019: AED 1,404 per sqft for 1,994 sqft. The unit has 4 registered sales; the first was AED 3,800,000 in January 2013.

What is the rent for unit 707?

AED 220,000 a year on the contract signed on 1 March 2024. The previous contract, from March 2023, was AED 220,000; the unit has been rented since January 2022.

How big is unit 707?

1,994 sqft (185.2 sqm): a two-bedroom apartment on the 7th floor of a 11-storey tower completed in 2007.

What is unit 707 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 707, Shoreline - Basri

Starts from the last sale price (AED 2.8M, 4 July 2019). Switch to today's estimate once you have unlocked it.
Price
AED 2,800,000
Deposit, UAE resident (20%)
AED 560,000
Deposit, non-resident (40%)
AED 1,120,000
Monthly over 25 years at 3.7%
AED 11,456

Plus AED 122,610 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →