2-bed · 1,998 sqftShoreline - Hamri, Palm Jumeirah · 2nd floor · completed 2007

207, Shoreline - Hamri

Sold prices and rental history: sold twice, last in July 2016, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 207 · DLD and Ejari recordsUpdated 27 July 2016
Last soldAED 2.35M27 July 2016
Current rentAED 200K /yr19 November 2015
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 207, Shoreline - Hamri

What is 207 worth today?

Last sold for AED 2,350,000 in 2016

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27 Jul 2016SoldReady
AED 2,350,000AED 1,176 per sqft
19 Nov 2015RentedRenewal
AED 200,000/yr12 months · AED 100 per sqft
19 Nov 2014RentedNew contract
AED 198,000/yr12 months · AED 99 per sqft
19 Nov 2013RentedNew contract
AED 180,000/yr12 months · AED 90 per sqft
6 Nov 2012RentedNew contract
AED 125,000/yr12 months · AED 62 per sqft
27 Apr 2009Sold by developerReady
AED 1,025,000AED 513 per sqft

Source: Dubai Land Department. Updated 27 July 2016.

Key facts

Type
2-bed apartment
Size
1,998 sqft
Floor
2nd of 9
Parking
B2-25
Developer
Nakheel
Completed
2007
Service charge
AED 30,000 /yr
Last sold
AED 2.35M · July 2016

About 207, Shoreline - Hamri

207 is a two-bedroom apartment of 1,998 sqft on the 2nd floor of Shoreline - Hamri, a 9-storey tower in Palm Jumeirah completed in 2007 by Nakheel. It last sold on 27 July 2016 for AED 2,350,000, or AED 1,176 per sqft, 7% below the AED 1,260 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 4 Ejari contracts. The current contract, renewed on 19 November 2015, is AED 200,000 a year: a gross yield of 8.5% on the 2016 price, before the service charge of about AED 30,000 a year.

Sales and rents for 207 over time

Sales
Unit 207, each saleTypical two-bed in Shoreline - Hamri
2M4M2009201420192024Typical sale price by year: 2009 AED 825,000; 2010 AED 1,437,500; 2011 AED 1,175,000; 2012 AED 1,800,000; 2013 AED 1,925,000; 2014 AED 1,825,000; 2016 AED 1,912,500; 2018 AED 1,800,000; 2020 AED 1,425,000; 2021 AED 1,775,000; 2022 AED 2,050,000; 2023 AED 2,800,000; 2024 AED 2,650,000; 2025 AED 4,400,000; 2026 AED 3,475,000Sold by developer, April 2009: AED 1,025,000 (AED 513 per sqft)Sold, July 2016: AED 2,350,000 (AED 1,176 per sqft)

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

Rents
Unit 207, each contractTypical two-bed in Shoreline - Hamri
100K150K200K2012201620202024Typical rent by year: 2012 AED 122,500; 2013 AED 130,000; 2014 AED 157,500; 2015 AED 155,000; 2016 AED 153,500; 2017 AED 145,000; 2018 AED 130,000; 2019 AED 120,000; 2020 AED 100,000; 2021 AED 107,125; 2022 AED 120,000; 2023 AED 148,500; 2024 AED 171,625; 2025 AED 178,500; 2026 AED 176,000New contract, November 2012: AED 125,000 a yearNew contract, November 2013: AED 180,000 a yearNew contract, November 2014: AED 198,000 a yearRenewal, November 2015: AED 200,000 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 - Hamri, and where 207 sits

All 54 2-beds →

207 last sold in July 2016 at AED 1,176 per sqft, 7% below what two-beds in Shoreline - Hamri were fetching at the time (AED 1,260). Over the last 12 months two-beds sold for AED 2,975,000 to 4,600,000, around AED 2,192 per sqft, and rent for AED 120,000 to 290,000 a year. 207's AED 200,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
7 Oct 20263,750,000
20 Jul 20262,975,000
17 Jun 20263,400,000
5 May 20263,550,000
5 2-bed sales in the last 12 months

Shoreline - Hamri

Building

108 apartments, 1-bed to 4-bed over 9 floors in Palm Jumeirah, completed in 2007 by Nakheel. 9 sold in the last 12 months.

Typical price per sqft
AED 2,302
Typical sale
AED 3.75M
Typical rent
AED 176K /yr
Typical yield
4.8%
Shoreline - Hamri, Palm Jumeirah: prices, sales and rents →

Other units on the 2nd floor

All 108 units in Shoreline - Hamri
Value
2012-bedAED 2.2M · Nov 2015
2023-bedAED 3.2M · Jul 2023
2033-bedAED 3.48M · Jun 2023
2041-bedAED 1.34M · Feb 2018
2052-bedAED 2.5M · Feb 2023
2062-bedAED 1.03M · Apr 2009
2082-bedAED 790K · Jul 2009
1–7 of 11

207, Shoreline - Hamri in numbers

  • Sold twice: first on 27 April 2009 for AED 1,025,000, last on 27 July 2016 for AED 2,350,000 (AED 1,176 per sqft).
  • Rented since November 2012 on 4 Ejari contracts, from AED 125,000 to AED 200,000 a year.
  • At AED 200,000 a year the gross yield on the 2016 price is 8.5%, before a service charge of about AED 30,000 a year (AED 15.01 per sqft).
  • Two-beds in Shoreline - Hamri sold for AED 2,975,000–4,600,000 in the 12 months to November 2026; the building's median across all types is AED 2,302 per sqft.

Source: Dubai Land Department. Updated 27 July 2016.

Questions about 207, Shoreline - Hamri

What did unit 207 last sell for?

AED 2,350,000 on 27 July 2016: AED 1,176 per sqft for 1,998 sqft. The unit has 2 registered sales; the first was AED 1,025,000 in April 2009.

What is the rent for unit 207?

AED 200,000 a year on the contract renewed on 19 November 2015. The previous contract, from November 2014, was AED 198,000; the unit has been rented since November 2012.

How big is unit 207?

1,998 sqft (185.6 sqm): a two-bedroom apartment on the 2nd floor of a 9-storey tower completed in 2007.

What is unit 207 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Shoreline - Hamri sold for AED 2,975,000 to 4,600,000 in the last 12 months, around AED 2,192 per sqft.

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Mortgage on 207, Shoreline - Hamri

Starts from the last sale price (AED 2.35M, 27 July 2016). Switch to today's estimate once you have unlocked it.
Price
AED 2,350,000
Deposit, UAE resident (20%)
AED 470,000
Deposit, non-resident (40%)
AED 940,000
Monthly over 25 years at 3.7%
AED 9,615

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →