1-bed · 1,145 sqftShoreline - Hallawi, Palm Jumeirah · 7th floor · completed 2007

704, Shoreline - Hallawi

Sold prices and rental history: sold once, by the developer in April 2009, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 704 · DLD and Ejari recordsUpdated 15 October 2020
Last soldAED 625K5 April 2009
Current rentAED 65K /yr15 October 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 704, Shoreline - Hallawi

What is 704 worth today?

Last sold for AED 625,000 in 2009

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15 Oct 2020RentedNew contract
AED 65,000/yr12 months · AED 57 per sqft
26 May 2019RentedNew contract
AED 80,000/yr12 months · AED 70 per sqft
20 Nov 2018RentedNew contract
AED 85,000/yr12 months · AED 74 per sqft
1 Aug 2017RentedNew contract
AED 100,000/yr12 months · AED 88 per sqft
1 Jul 2015RentedNew contract
AED 120,000/yr12 months · AED 105 per sqft
1 Jul 2014RentedNew contract
AED 120,000/yr12 months · AED 105 per sqft
11 May 2013RentedNew contract
AED 90,000/yr12 months · AED 79 per sqft
5 Apr 2009Sold by developerReady
AED 625,000AED 545 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 October 2020.

Key facts

Type
1-bed apartment
Size
1,145 sqft
Floor
7th of 10
Parking
B2-81
Developer
Nakheel
Completed
2007
Service charge
AED 16,300 /yr
Last sold
AED 625K · April 2009

About 704, Shoreline - Hallawi

704 is a one-bedroom apartment of 1,145 sqft on the 7th floor of Shoreline - Hallawi, a 10-storey tower in Palm Jumeirah completed in 2007 by Nakheel. The developer sold it on 5 April 2009 for AED 625,000, or AED 545 per sqft, 4% above the AED 524 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, signed on 15 October 2020, is AED 65,000 a year: a gross yield of 10.4% on the 2009 price, before the service charge of about AED 16,300 a year.

Sales and rents for 704 over time

Rents
Unit 704, each contractTypical one-bed in Shoreline - Hallawi
100K2012201620202024Typical rent by year: 2012 AED 80,000; 2013 AED 82,000; 2014 AED 100,000; 2015 AED 115,000; 2016 AED 110,055; 2017 AED 105,000; 2018 AED 90,000; 2019 AED 80,000; 2020 AED 75,000; 2021 AED 75,000; 2022 AED 86,500; 2023 AED 101,200; 2024 AED 120,000; 2025 AED 118,696; 2026 AED 135,000New contract, May 2013: AED 90,000 a yearNew contract, July 2014: AED 120,000 a yearNew contract, July 2015: AED 120,000 a yearNew contract, August 2017: AED 100,000 a yearNew contract, November 2018: AED 85,000 a yearNew contract, May 2019: AED 80,000 a yearNew contract, October 2020: AED 65,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Shoreline - Hallawi, and where 704 sits

All 24 1-beds →

704 last sold in April 2009 at AED 545 per sqft, 4% above what one-beds in Shoreline - Hallawi were fetching at the time (AED 524). Over the last 12 months one-beds sold for AED 2,815,000, around AED 2,457 per sqft, and rent for AED 130,000 to 135,000 a year. 704's AED 65,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
21 Jan 20262,815,000
19 Feb 20241,975,000
8 Nov 20231,550,000
12 Apr 20231,300,000
1 1-bed sale 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
7012-bedAED 1.39M · Apr 2020
7023-bedAED 3.51M · Dec 2014
7033-bedAED 3.45M · Mar 2024
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

704, Shoreline - Hallawi in numbers

  • Sold once: by Nakheel on 5 April 2009 for AED 625,000, or AED 545 per sqft.
  • Rented since May 2013 on 7 Ejari contracts, from AED 90,000 to AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2009 price is 10.4%, before a service charge of about AED 16,300 a year (AED 14.21 per sqft).
  • One-beds in Shoreline - Hallawi sold for AED 2,815,000–2,815,000 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 October 2020.

Questions about 704, Shoreline - Hallawi

What did unit 704 last sell for?

AED 625,000 on 5 April 2009, sold by the developer: AED 545 per sqft for 1,145 sqft. It is the only registered sale of the unit.

What is the rent for unit 704?

AED 65,000 a year on the contract signed on 15 October 2020. The previous contract, from May 2019, was AED 80,000; the unit has been rented since May 2013.

How big is unit 704?

1,145 sqft (106.4 sqm): a one-bedroom apartment on the 7th floor of a 10-storey tower completed in 2007.

What is unit 704 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Shoreline - Hallawi sold for AED 2,815,000 to 2,815,000 in the last 12 months, around AED 2,457 per sqft.

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Mortgage on 704, Shoreline - Hallawi

Starts from the last sale price (AED 625K, 5 April 2009). Switch to today's estimate once you have unlocked it.
Price
AED 625,000
Deposit, UAE resident (20%)
AED 125,000
Deposit, non-resident (40%)
AED 250,000
Monthly over 25 years at 3.7%
AED 2,557

Plus AED 31,260 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →