2-bed · 1,551 sqftShoreline - Hamri, Palm Jumeirah · 5th floor · completed 2007

505, Shoreline - Hamri

Sold prices and rental history: sold once, by the developer in April 2009, and rented once, from February 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 505 · DLD and Ejari recordsUpdated 20 February 2014
Last soldAED 2.19M26 April 2009
Current rentAED 160K /yr20 February 2014
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 505, Shoreline - Hamri

What is 505 worth today?

Last sold for AED 2,193,000 in 2009

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20 Feb 2014RentedNew contract
AED 160,000/yr12 months · AED 103 per sqft
26 Apr 2009Sold by developerReady
AED 2,193,000AED 1,414 per sqft

Source: Dubai Land Department. Updated 20 February 2014.

Key facts

Type
2-bed apartment
Size
1,551 sqft
Floor
5th of 9
Parking
B2-74
Developer
Nakheel
Completed
2007
Service charge
AED 23,300 /yr
Last sold
AED 2.19M · April 2009

About 505, Shoreline - Hamri

505 is a two-bedroom apartment of 1,551 sqft on the 5th floor of Shoreline - Hamri, a 9-storey tower in Palm Jumeirah completed in 2007 by Nakheel. The developer sold it on 26 April 2009 for AED 2,193,000, or AED 1,414 per sqft, 170% above the AED 523 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 20 February 2014. The current contract, signed on 20 February 2014, is AED 160,000 a year: a gross yield of 7.3% on the 2009 price, before the service charge of about AED 23,300 a year.

Sales and rents for 505 over time

Sales
Unit 505, 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 2,193,000 (AED 1,414 per sqft)

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

Rents
Unit 505, each contractTypical two-bed in Shoreline - Hamri
100K150K2012201620202024Typical 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, February 2014: AED 160,000 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 505 sits

All 54 2-beds →

505 last sold in April 2009 at AED 1,414 per sqft, 170% above what two-beds in Shoreline - Hamri were fetching at the time (AED 523). 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. 505's AED 160,000 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 5th floor

All 108 units in Shoreline - Hamri
Value
5012-bedAED 2.8M · Oct 2023
5023-bedAED 4.5M · Nov 2024
5033-bedAED 3.78M · Apr 2009
5041-bedAED 2.1M · Oct 2023
5062-bedAED 3.55M · May 2026
5072-bedAED 4.4M · Mar 2025
5082-bedAED 2.1M · Mar 2022
1–7 of 11

505, Shoreline - Hamri in numbers

  • Sold once: by Nakheel on 26 April 2009 for AED 2,193,000, or AED 1,414 per sqft.
  • Rented since February 2014 on one Ejari contract, at AED 160,000 a year.
  • At AED 160,000 a year the gross yield on the 2009 price is 7.3%, before a service charge of about AED 23,300 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 20 February 2014.

Questions about 505, Shoreline - Hamri

What did unit 505 last sell for?

AED 2,193,000 on 26 April 2009, sold by the developer: AED 1,414 per sqft for 1,551 sqft. It is the only registered sale of the unit.

What is the rent for unit 505?

AED 160,000 a year on the contract signed on 20 February 2014.

How big is unit 505?

1,551 sqft (144.1 sqm): a two-bedroom apartment on the 5th floor of a 9-storey tower completed in 2007.

What is unit 505 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 505, Shoreline - Hamri

Starts from the last sale price (AED 2.19M, 26 April 2009). Switch to today's estimate once you have unlocked it.
Price
AED 2,193,000
Deposit, UAE resident (20%)
AED 438,600
Deposit, non-resident (40%)
AED 877,200
Monthly over 25 years at 3.7%
AED 8,972

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