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1-bed · 1,137 sqftShoreline - Nabat, Palm Jumeirah · 7th floor

704, Shoreline - Nabat

Sold prices and rental history: sold 3 times, last in February 2023, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 704 · DLD and Ejari recordsUpdated 18 August 2024
Last soldAED 2.5M14 February 2023
Current rentAED 205K /yr18 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 704, Shoreline - Nabat

What is 704 worth today?

Last sold for AED 2,500,000 in 2023

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18 Aug 2024RentedRenewal
AED 205,000/yr12 months · AED 180 per sqft
18 Aug 2023RentedNew contract
AED 205,000/yr12 months · AED 180 per sqft
14 Feb 2023SoldReady
AED 2,500,000AED 2,198 per sqft
16 Dec 2022RentedRenewal
AED 110,000/yr12 months · AED 97 per sqft
16 Dec 2021RentedRenewal
AED 105,000/yr12 months · AED 93 per sqft
16 Dec 2020RentedRenewal
AED 100,000/yr12 months · AED 88 per sqft
12 Sep 2019SoldReady
AED 1,600,000AED 1,407 per sqft
7 Mar 2010Sold by developerReady
AED 940,000AED 826 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 18 August 2024.

Key facts

Type
1-bed apartment
Size
1,137 sqft
Floor
7th of 9
Parking
EUB8B02C17
Service charge
AED 13,100 /yr
Last sold
AED 2.5M · February 2023
Building
Shoreline - Nabat

About 704, Shoreline - Nabat

704 is a one-bedroom apartment of 1,137 sqft on the 7th floor of Shoreline - Nabat, a 9-storey tower in Palm Jumeirah. It last sold on 14 February 2023 for AED 2,500,000, or AED 2,198 per sqft, 24% above the AED 1,776 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 5 Ejari contracts. The current contract, renewed on 18 August 2024, is AED 205,000 a year: a gross yield of 8.2% on the 2023 price, before the service charge of about AED 13,100 a year.

Sales and rents for 704 over time

Sales
Unit 704, each saleTypical one-bed in Shoreline - Nabat
1M2M2009201320172021Typical sale price by year: 2009 AED 969,000; 2010 AED 925,000; 2011 AED 1,450,000; 2013 AED 1,800,000; 2021 AED 1,850,000; 2023 AED 2,400,000Sold by developer, March 2010: AED 940,000 (AED 826 per sqft)Sold, September 2019: AED 1,600,000 (AED 1,407 per sqft)Sold, February 2023: AED 2,500,000 (AED 2,198 per sqft)

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

Rents
Unit 704, each contractTypical one-bed in Shoreline - Nabat
100K200K2013201720212025Typical rent by year: 2013 AED 127,500; 2014 AED 140,000; 2015 AED 145,000; 2016 AED 142,500; 2017 AED 132,000; 2018 AED 125,000; 2019 AED 115,000; 2020 AED 85,000; 2021 AED 105,000; 2022 AED 116,000; 2023 AED 145,000; 2024 AED 160,000; 2025 AED 156,000Renewal, December 2020: AED 100,000 a yearRenewal, December 2021: AED 105,000 a yearRenewal, December 2022: AED 110,000 a yearNew contract, August 2023: AED 205,000 a yearRenewal, August 2024: AED 205,000 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 - Nabat, and where 704 sits

All 21 1-beds →

704 last sold in February 2023 at AED 2,198 per sqft, 24% above what one-beds in Shoreline - Nabat were fetching at the time (AED 1,776).

Recent 1-bed salesUnit no.Price (AED)Summary
29 Oct 20243,450,000
17 Oct 20232,200,000
27 Sep 20232,300,000
11 May 20232,550,000
0 1-bed sales 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 7th floor

All 119 units in Shoreline - Nabat
Value
7012-bedAED 940K · Jan 2010
7023-bedAED 1.25M · Dec 2009
7033-bedAED 2.25M · Dec 2020
7052-bedAED 1.26M · Mar 2010
7062-bedAED 7.5M · Dec 2025
7072-bedAED 6.23M · Oct 2024
7082-bedAED 3.63M · Mar 2023
1–7 of 11

704, Shoreline - Nabat in numbers

  • Sold 3 times: first on 7 March 2010 for AED 940,000, last on 14 February 2023 for AED 2,500,000 (AED 2,198 per sqft).
  • Rented since December 2020 on 5 Ejari contracts, from AED 100,000 to AED 205,000 a year.
  • At AED 205,000 a year the gross yield on the 2023 price is 8.2%, before a service charge of about AED 13,100 a year (AED 11.50 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 18 August 2024.

Questions about 704, Shoreline - Nabat

What did unit 704 last sell for?

AED 2,500,000 on 14 February 2023: AED 2,198 per sqft for 1,137 sqft. The unit has 3 registered sales; the first was AED 940,000 in March 2010.

What is the rent for unit 704?

AED 205,000 a year on the contract renewed on 18 August 2024. The previous contract, from August 2023, was AED 205,000; the unit has been rented since December 2020.

How big is unit 704?

1,137 sqft (105.6 sqm): a one-bedroom apartment on the 7th floor of a 9-storey tower.

What is unit 704 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 704, Shoreline - Nabat

Starts from the last sale price (AED 2.5M, 14 February 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,500,000
Deposit, UAE resident (20%)
AED 500,000
Deposit, non-resident (40%)
AED 1,000,000
Monthly over 25 years at 3.7%
AED 10,228

Plus AED 110,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →