3-bed · 2,221 sqftShoreline - Hamri, Palm Jumeirah · 4th floor · completed 2007

402, Shoreline - Hamri

Sold prices and rental history: sold 3 times, last in June 2016, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 402 · DLD and Ejari recordsUpdated 2 June 2016
Last soldAED 2.45M2 June 2016
Current rentAED 175K /yr1 April 2015
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 402, Shoreline - Hamri

What is 402 worth today?

Last sold for AED 2,450,000 in 2016

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2 Jun 2016SoldReady
AED 2,450,000AED 1,103 per sqft
1 Apr 2015RentedNew contract
AED 175,000/yr12 months · AED 79 per sqft
6 Mar 2014RentedNew contract
AED 180,000/yr12 months · AED 81 per sqft
12 Jun 2012SoldReady
AED 1,050,000AED 472 per sqft
3 May 2009Sold by developerReady
AED 575,000AED 258 per sqft

Source: Dubai Land Department. Updated 2 June 2016.

Key facts

Type
3-bed apartment
Size
2,221 sqft
Floor
4th of 9
Parking
B2-53,B2-54
Developer
Nakheel
Completed
2007
Service charge
AED 33,300 /yr
Last sold
AED 2.45M · June 2016

About 402, Shoreline - Hamri

402 is a three-bedroom apartment of 2,221 sqft on the 4th floor of Shoreline - Hamri, a 9-storey tower in Palm Jumeirah completed in 2007 by Nakheel. It last sold on 2 June 2016 for AED 2,450,000, or AED 1,103 per sqft, 11% below the AED 1,238 three-beds in the building were fetching at the time.

It has been rented since 2014 on 2 Ejari contracts. The current contract, signed on 1 April 2015, is AED 175,000 a year: a gross yield of 7.1% on the 2016 price, before the service charge of about AED 33,300 a year.

Sales and rents for 402 over time

Sales
Unit 402, each saleTypical three-bed in Shoreline - Hamri
02M4M2009201420192024Typical sale price by year: 2009 AED 1,175,000; 2010 AED 2,350,000; 2011 AED 1,700,000; 2012 AED 1,700,000; 2013 AED 1,175,000; 2014 AED 2,115,000; 2015 AED 2,700,000; 2016 AED 2,600,000; 2021 AED 2,000,000; 2022 AED 2,755,000; 2023 AED 3,337,500; 2024 AED 4,200,000; 2025 AED 4,900,000Sold by developer, May 2009: AED 575,000 (AED 258 per sqft)Sold, June 2012: AED 1,050,000 (AED 472 per sqft)Sold, June 2016: AED 2,450,000 (AED 1,103 per sqft)

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

Rents
Unit 402, each contractTypical three-bed in Shoreline - Hamri
200K2012201620202024Typical rent by year: 2012 AED 155,000; 2013 AED 160,000; 2014 AED 184,500; 2015 AED 187,500; 2016 AED 185,000; 2017 AED 175,000; 2018 AED 162,500; 2019 AED 144,995; 2020 AED 130,000; 2021 AED 130,000; 2022 AED 150,000; 2023 AED 160,000; 2024 AED 211,135; 2025 AED 267,500; 2026 AED 245,000New contract, March 2014: AED 180,000 a yearNew contract, April 2015: AED 175,000 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 - Hamri, and where 402 sits

All 40 3-beds →

402 last sold in June 2016 at AED 1,103 per sqft, 11% below what three-beds in Shoreline - Hamri were fetching at the time (AED 1,238). Over the last 12 months three-beds sold for AED 5,800,000 to 7,425,000, around AED 3,039 per sqft, and rent for AED 188,000 to 320,000 a year. 402's AED 175,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
26 Feb 20267,425,000
20 Nov 20255,800,000
27 Feb 20254,000,000
25 Feb 20254,950,000
2 3-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 4th floor

All 108 units in Shoreline - Hamri
Value
4012-bedAED 2.1M · Aug 2015
4033-bedAED 2.49M · May 2023
4041-bedAED 1.31M · Aug 2021
4052-bedAED 790K · Apr 2009
4062-bedAED 2.1M · Dec 2021
4072-bedAED 4.6M · Dec 2025
4082-bedAED 1.85M · Aug 2017
1–7 of 11

402, Shoreline - Hamri in numbers

  • Sold 3 times: first on 3 May 2009 for AED 575,000, last on 2 June 2016 for AED 2,450,000 (AED 1,103 per sqft).
  • Rented since March 2014 on 2 Ejari contracts, from AED 180,000 to AED 175,000 a year.
  • At AED 175,000 a year the gross yield on the 2016 price is 7.1%, before a service charge of about AED 33,300 a year (AED 15.01 per sqft).
  • Three-beds in Shoreline - Hamri sold for AED 5,800,000–7,425,000 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 2 June 2016.

Questions about 402, Shoreline - Hamri

What did unit 402 last sell for?

AED 2,450,000 on 2 June 2016: AED 1,103 per sqft for 2,221 sqft. The unit has 3 registered sales; the first was AED 575,000 in May 2009.

What is the rent for unit 402?

AED 175,000 a year on the contract signed on 1 April 2015. The previous contract, from March 2014, was AED 180,000.

How big is unit 402?

2,221 sqft (206.3 sqm): a three-bedroom apartment on the 4th floor of a 9-storey tower completed in 2007.

What is unit 402 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Shoreline - Hamri sold for AED 5,800,000 to 7,425,000 in the last 12 months, around AED 3,039 per sqft.

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Mortgage on 402, Shoreline - Hamri

Starts from the last sale price (AED 2.45M, 2 June 2016). Switch to today's estimate once you have unlocked it.
Price
AED 2,450,000
Deposit, UAE resident (20%)
AED 490,000
Deposit, non-resident (40%)
AED 980,000
Monthly over 25 years at 3.7%
AED 10,024

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