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3-bed · 2,142 sqftShoreline - Msalli, Palm Jumeirah

1003, Shoreline - Msalli

Sold prices and rental history: sold twice, last in September 2023, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1003 · DLD and Ejari recordsUpdated 14 September 2023
Last soldAED 4.75M14 September 2023
Current rentAED 200K /yr30 October 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1003, Shoreline - Msalli

What is 1003 worth today?

Last sold for AED 4,750,000 in 2023

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14 Sep 2023SoldReady
AED 4,750,000AED 2,217 per sqft
30 Oct 2021RentedNew contract
AED 200,000/yr12 months · AED 93 per sqft
25 Oct 2020RentedNew contract
AED 155,000/yr12 months · AED 72 per sqft
26 Apr 2019RentedNew contract
AED 168,000/yr12 months · AED 78 per sqft
26 Apr 2018RentedNew contract
AED 180,000/yr12 months · AED 84 per sqft
9 Mar 2017RentedRenewal
AED 250,000/yr12 months · AED 117 per sqft
9 Mar 2016RentedRenewal
AED 250,000/yr12 months · AED 117 per sqft
9 Mar 2015RentedNew contract
AED 250,000/yr12 months · AED 117 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 14 September 2023.

Key facts

Type
3-bed apartment
Size
2,142 sqft
Parking
1B1-21,1B1-22
Service charge
AED 31,600 /yr
Last sold
AED 4.75M · September 2023
Building
Shoreline - Msalli

About 1003, Shoreline - Msalli

1003 is a three-bedroom apartment of 2,142 sqft of Shoreline - Msalli, a 9-storey tower in Palm Jumeirah. It last sold on 14 September 2023 for AED 4,750,000, or AED 2,217 per sqft, 27% above the AED 1,744 three-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, signed on 30 October 2021, is AED 200,000 a year: a gross yield of 4.2% on the 2023 price, before the service charge of about AED 31,600 a year.

Sales and rents for 1003 over time

Sales
Unit 1003, each saleTypical three-bed in Shoreline - Msalli
2M4M20092013201720212025Typical sale price by year: 2009 AED 1,275,000; 2013 AED 2,850,000; 2014 AED 2,850,000; 2018 AED 2,495,004; 2019 AED 2,000,000; 2020 AED 2,500,000; 2022 AED 2,487,500; 2023 AED 4,000,000; 2024 AED 4,185,000Sold by developer, June 2010: AED 5,000,000 (AED 2,334 per sqft)Sold, September 2023: AED 4,750,000 (AED 2,217 per sqft)

1003 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1003, each contractTypical three-bed in Shoreline - Msalli
200K300K2012201620202024Typical rent by year: 2012 AED 167,500; 2013 AED 187,237; 2014 AED 210,000; 2015 AED 210,000; 2016 AED 205,000; 2017 AED 195,000; 2018 AED 180,000; 2019 AED 154,000; 2020 AED 137,500; 2021 AED 145,000; 2022 AED 164,175; 2023 AED 187,427; 2024 AED 200,000; 2025 AED 240,000; 2026 AED 285,000New contract, March 2015: AED 250,000 a yearRenewal, March 2016: AED 250,000 a yearRenewal, March 2017: AED 250,000 a yearNew contract, April 2018: AED 180,000 a yearNew contract, April 2019: AED 168,000 a yearNew contract, October 2020: AED 155,000 a yearNew contract, October 2021: AED 200,000 a year

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

3-beds in Shoreline - Msalli, and where 1003 sits

All 34 3-beds →

1003 last sold in September 2023 at AED 2,217 per sqft, 27% above what three-beds in Shoreline - Msalli were fetching at the time (AED 1,744). Over the last 12 months three-beds sold for AED 4,900,000 to 5,200,000, around AED 2,305 per sqft, and rent for AED 270,000 to 300,000 a year. 1003's AED 200,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
29 Jul 20254,999,000
11 Oct 20244,185,000
4 Jun 20244,500,000
26 Apr 20244,025,000
2 3-bed sales in the last 12 months

Shoreline - Msalli

Building

107 apartments, 1-bed to 5-bed over 9 floors in Palm Jumeirah. 5 sold in the last 12 months.

Typical price per sqft
AED 2,432
Typical sale
AED 5.2M
Typical rent
AED 270K /yr
Typical yield
5.1%
Shoreline - Msalli, Palm Jumeirah: prices, sales and rents →

1003, Shoreline - Msalli in numbers

  • Sold twice: first on 13 June 2010 for AED 5,000,000, last on 14 September 2023 for AED 4,750,000 (AED 2,217 per sqft).
  • Rented since March 2015 on 7 Ejari contracts. The rent fell from AED 250,000 to AED 155,000 in 2020 and recovered to AED 200,000 by October 2021.
  • At AED 200,000 a year the gross yield on the 2023 price is 4.2%, before a service charge of about AED 31,600 a year (AED 14.75 per sqft).
  • Three-beds in Shoreline - Msalli sold for AED 4,900,000–5,200,000 in the 12 months to November 2026; the building's median across all types is AED 2,432 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 14 September 2023.

Questions about 1003, Shoreline - Msalli

What did unit 1003 last sell for?

AED 4,750,000 on 14 September 2023: AED 2,217 per sqft for 2,142 sqft. The unit has 2 registered sales; the first was AED 5,000,000 in June 2010.

What is the rent for unit 1003?

AED 200,000 a year on the contract signed on 30 October 2021. The previous contract, from October 2020, was AED 155,000; the unit has been rented since March 2015.

How big is unit 1003?

2,142 sqft (199.0 sqm): a three-bedroom apartment of a 9-storey tower.

What is unit 1003 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Shoreline - Msalli sold for AED 4,900,000 to 5,200,000 in the last 12 months, around AED 2,305 per sqft.

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Mortgage on 1003, Shoreline - Msalli

Starts from the last sale price (AED 4.75M, 14 September 2023). Switch to today's estimate once you have unlocked it.
Price
AED 4,750,000
Deposit, UAE resident (20%)
AED 950,000
Deposit, non-resident (40%)
AED 1,900,000
Monthly over 25 years at 3.7%
AED 19,434

Plus AED 204,510 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →