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

701, Shoreline - Hallawi

Sold prices and rental history: sold 3 times, last in April 2020, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 701 · DLD and Ejari recordsUpdated 15 April 2024
Last soldAED 1.39M30 April 2020
Current rentAED 170K /yr15 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 701, Shoreline - Hallawi

What is 701 worth today?

Last sold for AED 1,387,500 in 2020

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15 Apr 2024RentedNew contract
AED 170,000/yr12 months · AED 107 per sqft
10 Feb 2023RentedRenewal
AED 129,800/yr12 months · AED 82 per sqft
1 Feb 2022RentedNew contract
AED 118,000/yr12 months · AED 75 per sqft
24 Nov 2020RentedNew contract
AED 83,000/yr12 months · AED 52 per sqft
30 Apr 2020SoldReady
AED 1,387,500AED 876 per sqft
23 Sep 2019RentedRenewal
AED 110,000/yr12 months · AED 70 per sqft
23 Sep 2018RentedNew contract
AED 115,000/yr12 months · AED 73 per sqft
1 Aug 2017RentedRenewal
AED 145,000/yr12 months · AED 92 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 April 2024.

Key facts

Type
2-bed apartment
Size
1,583 sqft
Floor
7th of 10
Parking
B2-82
Developer
Nakheel
Completed
2007
Service charge
AED 22,500 /yr
Last sold
AED 1.39M · April 2020

About 701, Shoreline - Hallawi

701 is a two-bedroom apartment of 1,583 sqft on the 7th floor of Shoreline - Hallawi, a 10-storey tower in Palm Jumeirah completed in 2007 by Nakheel. It last sold on 30 April 2020 for AED 1,387,500, or AED 876 per sqft, in line with the AED 876 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 9 Ejari contracts. The current contract, signed on 15 April 2024, is AED 170,000 a year: a gross yield of 12.3% on the 2020 price, before the service charge of about AED 22,500 a year.

Sales and rents for 701 over time

Sales
Unit 701, each saleTypical two-bed in Shoreline - Hallawi
2M20092013201720212025Typical sale price by year: 2009 AED 825,000; 2010 AED 1,182,500; 2011 AED 1,400,000; 2012 AED 1,532,000; 2013 AED 1,650,000; 2014 AED 2,455,000; 2015 AED 2,163,000; 2016 AED 2,200,000; 2017 AED 2,025,000; 2018 AED 1,917,500; 2019 AED 1,450,000; 2020 AED 1,307,500; 2021 AED 1,805,000; 2022 AED 2,237,500; 2023 AED 2,600,000; 2024 AED 3,287,500Sold by developer, April 2009: AED 825,000 (AED 521 per sqft)Sold, July 2013: AED 2,150,000 (AED 1,358 per sqft)Sold, April 2020: AED 1,387,500 (AED 876 per sqft)

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

Rents
Unit 701, each contractTypical two-bed in Shoreline - Hallawi
100K200K2012201620202024Typical rent by year: 2012 AED 110,000; 2013 AED 130,000; 2014 AED 150,000; 2015 AED 150,000; 2016 AED 155,000; 2017 AED 140,000; 2018 AED 127,000; 2019 AED 113,500; 2020 AED 100,000; 2021 AED 100,000; 2022 AED 127,500; 2023 AED 140,000; 2024 AED 154,000; 2025 AED 181,875; 2026 AED 194,250New contract, June 2015: AED 150,000 a yearNew contract, August 2016: AED 145,000 a yearRenewal, August 2017: AED 145,000 a yearNew contract, September 2018: AED 115,000 a yearRenewal, September 2019: AED 110,000 a yearNew contract, November 2020: AED 83,000 a yearNew contract, February 2022: AED 118,000 a yearRenewal, February 2023: AED 129,800 a yearNew contract, April 2024: AED 170,000 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 - Hallawi, and where 701 sits

All 58 2-beds →

701 last sold in April 2020 at AED 876 per sqft, in line with what two-beds in Shoreline - Hallawi were fetching at the time (AED 876). Over the last 12 months two-beds sold for AED 4,100,000 to 4,125,000, around AED 2,651 per sqft, and rent for AED 150,000 to 195,000 a year. 701's AED 170,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
21 Jan 20264,100,000
10 Dec 20254,125,000
30 Jan 20253,200,000
7 Oct 20243,600,000
2 2-bed sales in the last 12 months

Shoreline - Hallawi

Building

120 apartments, 1-bed to 4-bed over 10 floors in Palm Jumeirah, completed in 2007 by Nakheel. 5 sold in the last 12 months.

Typical price per sqft
AED 2,545
Typical sale
AED 4.13M
Typical rent
AED 180K /yr
Typical yield
4.7%
Shoreline - Hallawi, Palm Jumeirah: prices, sales and rents →

Other units on the 7th floor

All 120 units in Shoreline - Hallawi
Value
7023-bedAED 3.51M · Dec 2014
7033-bedAED 3.45M · Mar 2024
7041-bedAED 625K · Apr 2009
7052-bedAED 4.1M · Jan 2026
7062-bedAED 2.75M · Mar 2023
7072-bedAED 2.4M · May 2016
7082-bedAED 2.6M · Feb 2023
1–7 of 11

701, Shoreline - Hallawi in numbers

  • Sold 3 times: first on 23 April 2009 for AED 825,000, last on 30 April 2020 for AED 1,387,500 (AED 876 per sqft).
  • Rented since June 2015 on 9 Ejari contracts. The rent fell from AED 150,000 to AED 83,000 in 2020 and recovered to AED 170,000 by April 2024.
  • At AED 170,000 a year the gross yield on the 2020 price is 12.3%, before a service charge of about AED 22,500 a year (AED 14.21 per sqft).
  • Two-beds in Shoreline - Hallawi sold for AED 4,100,000–4,125,000 in the 12 months to November 2026; the building's median across all types is AED 2,545 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 15 April 2024.

Questions about 701, Shoreline - Hallawi

What did unit 701 last sell for?

AED 1,387,500 on 30 April 2020: AED 876 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 701?

AED 170,000 a year on the contract signed on 15 April 2024. The previous contract, from February 2023, was AED 129,800; the unit has been rented since June 2015.

How big is unit 701?

1,583 sqft (147.1 sqm): a two-bedroom apartment on the 7th floor of a 10-storey tower completed in 2007.

What is unit 701 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Shoreline - Hallawi sold for AED 4,100,000 to 4,125,000 in the last 12 months, around AED 2,651 per sqft.

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Mortgage on 701, Shoreline - Hallawi

Starts from the last sale price (AED 1.39M, 30 April 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,387,500
Deposit, UAE resident (20%)
AED 277,500
Deposit, non-resident (40%)
AED 555,000
Monthly over 25 years at 3.7%
AED 5,677

Plus AED 63,285 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →