2-bed · 1,975 sqftShoreline - Dabas, Palm Jumeirah · 5th floor · completed 2007

507, Shoreline - Dabas

Sold prices and rental history: sold twice, last in April 2019, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 507 · DLD and Ejari recordsUpdated 14 April 2019
Last soldAED 2.6M14 April 2019
Current rentAED 200K /yr4 February 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 507, Shoreline - Dabas

What is 507 worth today?

Last sold for AED 2,600,000 in 2019

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14 Apr 2019SoldReady
AED 2,600,000AED 1,316 per sqft
4 Feb 2018RentedRenewal
AED 200,000/yr12 months · AED 102 per sqft
4 Feb 2017RentedRenewal
AED 220,000/yr12 months · AED 112 per sqft
4 Feb 2016RentedRenewal
AED 220,000/yr12 months · AED 112 per sqft
4 Feb 2015RentedNew contract
AED 220,000/yr12 months · AED 112 per sqft
20 Apr 2009Sold by developerReady
AED 1,050,000AED 531 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 14 April 2019.

Key facts

Type
2-bed apartment
Size
1,975 sqft
Floor
5th of 9
Parking
B2-79
Developer
Nakheel
Completed
2007
Service charge
AED 28,200 /yr
Last sold
AED 2.6M · April 2019

About 507, Shoreline - Dabas

507 is a two-bedroom apartment of 1,975 sqft on the 5th floor of Shoreline - Dabas, a 9-storey tower in Palm Jumeirah completed in 2007 by Nakheel. It last sold on 14 April 2019 for AED 2,600,000, or AED 1,316 per sqft, 13% below the AED 1,521 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 4 Ejari contracts. The current contract, renewed on 4 February 2018, is AED 200,000 a year: a gross yield of 7.7% on the 2019 price, before the service charge of about AED 28,200 a year.

Sales and rents for 507 over time

Sales
Unit 507, each saleTypical two-bed in Shoreline - Dabas
2M4M2009201320172021Typical sale price by year: 2009 AED 895,000; 2010 AED 2,865,000; 2011 AED 1,650,000; 2012 AED 2,762,500; 2013 AED 2,950,000; 2014 AED 3,600,000; 2015 AED 2,156,000; 2016 AED 2,150,000; 2017 AED 2,750,000; 2018 AED 3,000,000; 2019 AED 2,600,000; 2022 AED 3,025,000; 2023 AED 4,300,000Sold by developer, April 2009: AED 1,050,000 (AED 531 per sqft)Sold, April 2019: AED 2,600,000 (AED 1,316 per sqft)

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

Rents
Unit 507, each contractTypical two-bed in Shoreline - Dabas
200K2012201620202024Typical rent by year: 2012 AED 170,000; 2013 AED 169,000; 2014 AED 170,000; 2015 AED 195,000; 2016 AED 186,875; 2017 AED 180,000; 2018 AED 173,617; 2019 AED 148,750; 2020 AED 130,000; 2021 AED 136,500; 2022 AED 140,000; 2023 AED 155,000; 2024 AED 191,875; 2025 AED 235,000; 2026 AED 249,544New contract, February 2015: AED 220,000 a yearRenewal, February 2016: AED 220,000 a yearRenewal, February 2017: AED 220,000 a yearRenewal, February 2018: AED 200,000 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 - Dabas, and where 507 sits

All 52 2-beds →

507 last sold in April 2019 at AED 1,316 per sqft, 13% below what two-beds in Shoreline - Dabas were fetching at the time (AED 1,521). Over the last 12 months two-beds sold for AED 5,785,000, around AED 3,730 per sqft, and rent for AED 50,000 to 380,000 a year. 507's AED 200,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
7 Jan 20265,785,000
11 Jun 20253,500,000
9 Apr 20254,575,000
27 Mar 20244,138,643
1 2-bed sale in the last 12 months

Shoreline - Dabas

Building

107 apartments, 1-bed to 4-bed over 9 floors in Palm Jumeirah, completed in 2007 by Nakheel. 3 sold in the last 12 months.

Typical price per sqft
AED 2,790
Typical sale
AED 5.9M
Typical rent
AED 250K /yr
Typical yield
5.2%
Shoreline - Dabas, Palm Jumeirah: prices, sales and rents →

Other units on the 5th floor

All 107 units in Shoreline - Dabas
Value
5012-bedAED 2.38M · Oct 2015
5023-bedAED 2.4M · Mar 2010
5033-bedAED 3.5M · Mar 2009
5041-bedAED 1.4M · Dec 2020
505AED 5.9M · Sep 2025
5062-bedAED 2.6M · May 2019
5082-bedAED 3.2M · Jun 2022
1–7 of 11

507, Shoreline - Dabas in numbers

  • Sold twice: first on 20 April 2009 for AED 1,050,000, last on 14 April 2019 for AED 2,600,000 (AED 1,316 per sqft).
  • Rented since February 2015 on 4 Ejari contracts, from AED 220,000 to AED 200,000 a year.
  • At AED 200,000 a year the gross yield on the 2019 price is 7.7%, before a service charge of about AED 28,200 a year (AED 14.26 per sqft).
  • Two-beds in Shoreline - Dabas sold for AED 5,785,000–5,785,000 in the 12 months to November 2026; the building's median across all types is AED 2,790 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 14 April 2019.

Questions about 507, Shoreline - Dabas

What did unit 507 last sell for?

AED 2,600,000 on 14 April 2019: AED 1,316 per sqft for 1,975 sqft. The unit has 2 registered sales; the first was AED 1,050,000 in April 2009.

What is the rent for unit 507?

AED 200,000 a year on the contract renewed on 4 February 2018. The previous contract, from February 2017, was AED 220,000; the unit has been rented since February 2015.

How big is unit 507?

1,975 sqft (183.5 sqm): a two-bedroom apartment on the 5th floor of a 9-storey tower completed in 2007.

What is unit 507 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Shoreline - Dabas sold for AED 5,785,000 to 5,785,000 in the last 12 months, around AED 3,730 per sqft.

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Mortgage on 507, Shoreline - Dabas

Starts from the last sale price (AED 2.6M, 14 April 2019). Switch to today's estimate once you have unlocked it.
Price
AED 2,600,000
Deposit, UAE resident (20%)
AED 520,000
Deposit, non-resident (40%)
AED 1,040,000
Monthly over 25 years at 3.7%
AED 10,637

Plus AED 114,210 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →