2-bed · 1,551 sqftShoreline - Dabas, Palm Jumeirah · 7th floor · completed 2007

708, Shoreline - Dabas

Sold prices and rental history: sold twice, last in January 2017, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 708 · DLD and Ejari recordsUpdated 24 January 2017
Last soldAED 2.75M24 January 2017
Current rentAED 189K /yr5 July 2015
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 708, Shoreline - Dabas

What is 708 worth today?

Last sold for AED 2,750,000 in 2017

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24 Jan 2017SoldReady
AED 2,750,000AED 1,773 per sqft
5 Jul 2015RentedRenewal
AED 189,000/yr12 months · AED 122 per sqft
5 Jul 2014RentedNew contract
AED 180,000/yr12 months · AED 116 per sqft
5 Jun 2013RentedNew contract
AED 168,000/yr12 months · AED 108 per sqft
1 Mar 2009Sold by developerReady
AED 895,000AED 577 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 24 January 2017.

Key facts

Type
2-bed apartment
Size
1,551 sqft
Floor
7th of 9
Parking
2B2-156
Developer
Nakheel
Completed
2007
Service charge
AED 22,100 /yr
Last sold
AED 2.75M · January 2017

About 708, Shoreline - Dabas

708 is a two-bedroom apartment of 1,551 sqft on the 7th floor of Shoreline - Dabas, a 9-storey tower in Palm Jumeirah completed in 2007 by Nakheel. It last sold on 24 January 2017 for AED 2,750,000, or AED 1,773 per sqft, 4% above the AED 1,703 two-beds in the building were fetching at the time.

It has been rented since 2013 on 3 Ejari contracts. The current contract, renewed on 5 July 2015, is AED 189,000 a year: a gross yield of 6.9% on the 2017 price, before the service charge of about AED 22,100 a year.

Sales and rents for 708 over time

Sales
Unit 708, 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, March 2009: AED 895,000 (AED 577 per sqft)Sold, January 2017: AED 2,750,000 (AED 1,773 per sqft)

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

Rents
Unit 708, 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, June 2013: AED 168,000 a yearNew contract, July 2014: AED 180,000 a yearRenewal, July 2015: AED 189,000 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 708 sits

All 52 2-beds →

708 last sold in January 2017 at AED 1,773 per sqft, 4% above what two-beds in Shoreline - Dabas were fetching at the time (AED 1,703). 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. 708's AED 189,000 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 7th floor

All 107 units in Shoreline - Dabas
Value
7012-bedAED 1M · Apr 2009
7023-bedAED 1.18M · Apr 2009
7033-bedAED 1.28M · Mar 2009
7041-bedAED 1.7M · Feb 2018
7052-bedAED 2.25M · Nov 2019
7062-bedAED 6.5M · Mar 2009
7072-bedAED 1.15M · Mar 2009
1–7 of 11

708, Shoreline - Dabas in numbers

  • Sold twice: first on 1 March 2009 for AED 895,000, last on 24 January 2017 for AED 2,750,000 (AED 1,773 per sqft).
  • Rented since June 2013 on 3 Ejari contracts, from AED 168,000 to AED 189,000 a year.
  • At AED 189,000 a year the gross yield on the 2017 price is 6.9%, before a service charge of about AED 22,100 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 24 January 2017.

Questions about 708, Shoreline - Dabas

What did unit 708 last sell for?

AED 2,750,000 on 24 January 2017: AED 1,773 per sqft for 1,551 sqft. The unit has 2 registered sales; the first was AED 895,000 in March 2009.

What is the rent for unit 708?

AED 189,000 a year on the contract renewed on 5 July 2015. The previous contract, from July 2014, was AED 180,000; the unit has been rented since June 2013.

How big is unit 708?

1,551 sqft (144.1 sqm): a two-bedroom apartment on the 7th floor of a 9-storey tower completed in 2007.

What is unit 708 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 708, Shoreline - Dabas

Starts from the last sale price (AED 2.75M, 24 January 2017). Switch to today's estimate once you have unlocked it.
Price
AED 2,750,000
Deposit, UAE resident (20%)
AED 550,000
Deposit, non-resident (40%)
AED 1,100,000
Monthly over 25 years at 3.7%
AED 11,251

Plus AED 120,510 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →