2-bed · 1,994 sqftShoreline - Hamri, Palm Jumeirah · 7th floor · completed 2007

706, Shoreline - Hamri

Sold prices and rental history: sold 3 times, last in August 2023, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 706 · DLD and Ejari recordsUpdated 17 August 2023
Last soldAED 2.92M17 August 2023
Current rentAED 121K /yr20 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 706, Shoreline - Hamri

What is 706 worth today?

Last sold for AED 2,920,000 in 2023

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17 Aug 2023SoldReady
AED 2,920,000AED 1,464 per sqft
20 Feb 2023RentedRenewal
AED 121,000/yr12 months · AED 61 per sqft
20 Feb 2022RentedNew contract
AED 110,000/yr12 months · AED 55 per sqft
20 Feb 2021RentedRenewal
AED 110,000/yr12 months · AED 56 per sqft
13 Sep 2020SoldReady
AED 1,500,000AED 752 per sqft
20 Feb 2020RentedRenewal
AED 120,000/yr12 months · AED 61 per sqft
20 Feb 2019RentedNew contract
AED 120,000/yr12 months · AED 61 per sqft
14 Sep 2009Sold by developerReady
AED 3,800,000AED 1,906 per sqft

Source: Dubai Land Department. Updated 17 August 2023.

Key facts

Type
2-bed apartment
Size
1,994 sqft
Floor
7th of 9
Parking
B2-108
Developer
Nakheel
Completed
2007
Service charge
AED 29,900 /yr
Last sold
AED 2.92M · August 2023

About 706, Shoreline - Hamri

706 is a two-bedroom apartment of 1,994 sqft on the 7th floor of Shoreline - Hamri, a 9-storey tower in Palm Jumeirah completed in 2007 by Nakheel. It last sold on 17 August 2023 for AED 2,920,000, or AED 1,464 per sqft, 3% above the AED 1,418 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 20 February 2023, is AED 121,000 a year: a gross yield of 4.1% on the 2023 price, before the service charge of about AED 29,900 a year.

Sales and rents for 706 over time

Sales
Unit 706, 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, September 2009: AED 3,800,000 (AED 1,906 per sqft)Sold, September 2020: AED 1,500,000 (AED 752 per sqft)Sold, August 2023: AED 2,920,000 (AED 1,464 per sqft)

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

Rents
Unit 706, 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 2019: AED 120,000 a yearRenewal, February 2020: AED 120,000 a yearRenewal, February 2021: AED 110,000 a yearNew contract, February 2022: AED 110,000 a yearRenewal, February 2023: AED 121,000 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 706 sits

All 54 2-beds →

706 last sold in August 2023 at AED 1,464 per sqft, 3% above what two-beds in Shoreline - Hamri were fetching at the time (AED 1,418). 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. 706's AED 121,000 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 7th floor

All 108 units in Shoreline - Hamri
Value
7012-bedAED 825K · Apr 2009
7023-bedAED 1.18M · Apr 2014
7033-bedAED 3.9M · Sep 2023
7041-bedAED 1.18M · Feb 2020
7052-bedAED 2.2M · Dec 2022
7072-bedAED 3.85M · Nov 2024
7082-bedAED 1.8M · May 2018
1–7 of 11

706, Shoreline - Hamri in numbers

  • Sold 3 times: first on 14 September 2009 for AED 3,800,000, last on 17 August 2023 for AED 2,920,000 (AED 1,464 per sqft).
  • Rented since February 2019 on 5 Ejari contracts, from AED 120,000 to AED 121,000 a year.
  • At AED 121,000 a year the gross yield on the 2023 price is 4.1%, before a service charge of about AED 29,900 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 17 August 2023.

Questions about 706, Shoreline - Hamri

What did unit 706 last sell for?

AED 2,920,000 on 17 August 2023: AED 1,464 per sqft for 1,994 sqft. The unit has 3 registered sales; the first was AED 3,800,000 in September 2009.

What is the rent for unit 706?

AED 121,000 a year on the contract renewed on 20 February 2023. The previous contract, from February 2022, was AED 110,000; the unit has been rented since February 2019.

How big is unit 706?

1,994 sqft (185.2 sqm): a two-bedroom apartment on the 7th floor of a 9-storey tower completed in 2007.

What is unit 706 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 706, Shoreline - Hamri

Starts from the last sale price (AED 2.92M, 17 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,920,000
Deposit, UAE resident (20%)
AED 584,000
Deposit, non-resident (40%)
AED 1,168,000
Monthly over 25 years at 3.7%
AED 11,947

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