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2-bed · 1,583 sqftShoreline - Basri, Palm Jumeirah · 7th floor · completed 2007

712, Shoreline - Basri

Sold prices and rental history: sold 3 times, last in May 2017, and rented since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 712 · DLD and Ejari recordsUpdated 31 May 2017
Last soldAED 1.93M31 May 2017
Current rentAED 155K /yr10 December 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 712, Shoreline - Basri

What is 712 worth today?

Last sold for AED 1,925,000 in 2017

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31 May 2017SoldReady
AED 1,925,000AED 1,216 per sqft
10 Dec 2015RentedRenewal
AED 154,584/yr12 months · AED 98 per sqft
10 Dec 2013RentedNew contract
AED 140,000/yr12 months · AED 88 per sqft
10 Dec 2012RentedNew contract
AED 140,000/yr12 months · AED 88 per sqft
5 Sep 2012SoldReady
AED 1,825,000AED 1,153 per sqft
29 Apr 2009Sold by developerReady
AED 825,000AED 521 per sqft

Source: Dubai Land Department. Updated 31 May 2017.

Key facts

Type
2-bed apartment
Size
1,583 sqft
Floor
7th of 11
Parking
B2-121
Developer
Nakheel
Completed
2007
Service charge
AED 22,600 /yr
Last sold
AED 1.93M · May 2017
Building
Shoreline - Basri

About 712, Shoreline - Basri

712 is a two-bedroom apartment of 1,583 sqft on the 7th floor of Shoreline - Basri, a 11-storey tower in Palm Jumeirah completed in 2007 by Nakheel. It last sold on 31 May 2017 for AED 1,925,000, or AED 1,216 per sqft, in line with the AED 1,216 two-beds in the building were fetching at the time.

It has been rented since 2012 on 3 Ejari contracts. The current contract, renewed on 10 December 2015, is AED 154,584 a year: a gross yield of 8.0% on the 2017 price, before the service charge of about AED 22,600 a year.

Sales and rents for 712 over time

Sales
Unit 712, 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 825,000 (AED 521 per sqft)Sold, September 2012: AED 1,825,000 (AED 1,153 per sqft)Sold, May 2017: AED 1,925,000 (AED 1,216 per sqft)

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

Rents
Unit 712, 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 140,000 a yearNew contract, December 2013: AED 140,000 a yearRenewal, December 2015: AED 154,584 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 712 sits

All 63 2-beds →

712 last sold in May 2017 at AED 1,216 per sqft, in line with what two-beds in Shoreline - Basri were fetching at the time (AED 1,216). 712's AED 154,584 is at the bottom 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
7072-bedAED 2.8M · Jul 2019
1–7 of 11

712, Shoreline - Basri in numbers

  • Sold 3 times: first on 29 April 2009 for AED 825,000, last on 31 May 2017 for AED 1,925,000 (AED 1,216 per sqft).
  • Rented since December 2012 on 3 Ejari contracts, from AED 140,000 to AED 154,584 a year.
  • At AED 154,584 a year the gross yield on the 2017 price is 8.0%, before a service charge of about AED 22,600 a year (AED 14.26 per sqft).

Source: Dubai Land Department. Updated 31 May 2017.

Questions about 712, Shoreline - Basri

What did unit 712 last sell for?

AED 1,925,000 on 31 May 2017: AED 1,216 per sqft for 1,583 sqft. The unit has 3 registered sales; the first was AED 825,000 in April 2009.

What is the rent for unit 712?

AED 154,584 a year on the contract renewed on 10 December 2015. The previous contract, from December 2013, was AED 140,000; the unit has been rented since December 2012.

How big is unit 712?

1,583 sqft (147.1 sqm): a two-bedroom apartment on the 7th floor of a 11-storey tower completed in 2007.

What is unit 712 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 712, Shoreline - Basri

Starts from the last sale price (AED 1.93M, 31 May 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,925,000
Deposit, UAE resident (20%)
AED 385,000
Deposit, non-resident (40%)
AED 770,000
Monthly over 25 years at 3.7%
AED 7,876

Plus AED 85,860 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →