2-bed · 1,549 sqftShoreline - Nabat, Palm Jumeirah · 3rd floor

308, Shoreline - Nabat

Sold prices and rental history: sold twice, last in December 2010, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 308 · DLD and Ejari recordsUpdated 22 April 2023
Last soldAED 2.48M14 December 2010
Current rentAED 195K /yr22 April 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 308, Shoreline - Nabat

What is 308 worth today?

Last sold for AED 2,475,000 in 2010

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22 Apr 2023RentedNew contract
AED 195,000/yr12 months · AED 127 per sqft
1 Aug 2022RentedRenewal
AED 135,000/yr12 months · AED 87 per sqft
1 Aug 2021RentedNew contract
AED 135,000/yr12 months · AED 87 per sqft
12 Apr 2020RentedNew contract
AED 130,000/yr12 months · AED 84 per sqft
18 May 2018RentedRenewal
AED 160,000/yr12 months · AED 103 per sqft
18 May 2017RentedNew contract
AED 160,000/yr12 months · AED 103 per sqft
12 Nov 2015RentedNew contract
AED 190,000/yr12 months · AED 123 per sqft
22 Sep 2014RentedNew contract
AED 190,000/yr12 months · AED 123 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 22 April 2023.

Key facts

Type
2-bed apartment
Size
1,549 sqft
Floor
3rd of 9
Parking
EUB8B02C6
Service charge
AED 17,800 /yr
Last sold
AED 2.48M · December 2010

About 308, Shoreline - Nabat

308 is a two-bedroom apartment of 1,549 sqft on the 3rd floor of Shoreline - Nabat, a 9-storey tower in Palm Jumeirah. It last sold on 14 December 2010 for AED 2,475,000, or AED 1,597 per sqft, 118% above the AED 732 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, signed on 22 April 2023, is AED 195,000 a year: a gross yield of 7.9% on the 2010 price, before the service charge of about AED 17,800 a year.

Sales and rents for 308 over time

Sales
Unit 308, each saleTypical two-bed in Shoreline - Nabat
2M4M20092013201720212025Typical sale price by year: 2009 AED 1,281,500; 2010 AED 1,310,000; 2011 AED 1,830,000; 2012 AED 3,000,000; 2013 AED 2,360,000; 2014 AED 2,700,000; 2016 AED 3,050,000; 2019 AED 2,306,000; 2021 AED 2,050,000; 2023 AED 3,825,000; 2024 AED 3,330,000Sold by developer, January 2010: AED 1,310,000 (AED 845 per sqft)Sold, December 2010: AED 2,475,000 (AED 1,597 per sqft)

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

Rents
Unit 308, each contractTypical two-bed in Shoreline - Nabat
150K200K2012201620202024Typical rent by year: 2012 AED 175,000; 2013 AED 162,150; 2014 AED 182,500; 2015 AED 187,213; 2016 AED 185,000; 2017 AED 160,000; 2018 AED 153,000; 2019 AED 140,000; 2020 AED 127,500; 2021 AED 120,000; 2022 AED 150,000; 2023 AED 165,000; 2024 AED 195,000; 2025 AED 215,000New contract, September 2013: AED 164,300 a yearNew contract, September 2014: AED 190,000 a yearNew contract, November 2015: AED 190,000 a yearNew contract, May 2017: AED 160,000 a yearRenewal, May 2018: AED 160,000 a yearNew contract, April 2020: AED 130,000 a yearNew contract, August 2021: AED 135,000 a yearRenewal, August 2022: AED 135,000 a yearNew contract, April 2023: AED 195,000 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 - Nabat, and where 308 sits

All 51 2-beds →

308 last sold in December 2010 at AED 1,597 per sqft, 118% above what two-beds in Shoreline - Nabat were fetching at the time (AED 732). Over the last 12 months two-beds sold for AED 7,500,000, around AED 3,761 per sqft, and rent for AED 213,000 to 295,000 a year. 308's AED 195,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
12 Dec 20257,500,000
20 Dec 20243,330,000
8 Oct 20246,225,000
26 Mar 20242,825,000
1 2-bed sale in the last 12 months

Shoreline - Nabat

Building

119 apartments, 1-bed to 4-bed over 9 floors in Palm Jumeirah. 2 sold in the last 12 months.

Typical price per sqft
AED 3,095
Typical sale
AED 6.45M
Typical rent
AED 221K /yr
Typical yield
4.2%
Shoreline - Nabat, Palm Jumeirah: prices, sales and rents →

Other units on the 3rd floor

All 119 units in Shoreline - Nabat
Value
3012-bedAED 1.9M · Jan 2022
3023-bedAED 1.32M · Dec 2009
3033-bedAED 4M · Sep 2014
3041-bedAED 2M · Oct 2021
3052-bedAED 1.2M · Dec 2009
3062-bedAED 1.54M · Dec 2009
3072-bedAED 1.75M · Jan 2010
1–7 of 11

308, Shoreline - Nabat in numbers

  • Sold twice: first on 19 January 2010 for AED 1,310,000, last on 14 December 2010 for AED 2,475,000 (AED 1,597 per sqft).
  • Rented since September 2013 on 9 Ejari contracts. The rent fell from AED 164,300 to AED 130,000 in 2020 and recovered to AED 195,000 by April 2023.
  • At AED 195,000 a year the gross yield on the 2010 price is 7.9%, before a service charge of about AED 17,800 a year (AED 11.50 per sqft).
  • Two-beds in Shoreline - Nabat sold for AED 7,500,000–7,500,000 in the 12 months to November 2026; the building's median across all types is AED 3,095 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 22 April 2023.

Questions about 308, Shoreline - Nabat

What did unit 308 last sell for?

AED 2,475,000 on 14 December 2010: AED 1,597 per sqft for 1,549 sqft. The unit has 2 registered sales; the first was AED 1,310,000 in January 2010.

What is the rent for unit 308?

AED 195,000 a year on the contract signed on 22 April 2023. The previous contract, from August 2022, was AED 135,000; the unit has been rented since September 2013.

How big is unit 308?

1,549 sqft (143.9 sqm): a two-bedroom apartment on the 3rd floor of a 9-storey tower.

What is unit 308 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Shoreline - Nabat sold for AED 7,500,000 to 7,500,000 in the last 12 months, around AED 3,761 per sqft.

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Mortgage on 308, Shoreline - Nabat

Starts from the last sale price (AED 2.48M, 14 December 2010). Switch to today's estimate once you have unlocked it.
Price
AED 2,475,000
Deposit, UAE resident (20%)
AED 495,000
Deposit, non-resident (40%)
AED 990,000
Monthly over 25 years at 3.7%
AED 10,126

Plus AED 108,960 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →