2-bed · 1,551 sqftShoreline - Hamri, Palm Jumeirah · 7th floor · completed 2007

708, Shoreline - Hamri

Sold prices and rental history: sold twice, last in May 2018, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 708 · DLD and Ejari recordsUpdated 27 May 2018
Last soldAED 1.8M27 May 2018
Current rentAED 155K /yr3 October 2015
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 708, Shoreline - Hamri

What is 708 worth today?

Last sold for AED 1,800,000 in 2018

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27 May 2018SoldReady
AED 1,800,000AED 1,160 per sqft
3 Oct 2015RentedNew contract
AED 155,000/yr12 months · AED 100 per sqft
1 Oct 2014RentedNew contract
AED 175,000/yr12 months · AED 113 per sqft
10 Jul 2013RentedNew contract
AED 118,000/yr12 months · AED 76 per sqft
22 Apr 2009Sold by developerReady
AED 2,130,000AED 1,373 per sqft

Source: Dubai Land Department. Updated 27 May 2018.

Key facts

Type
2-bed apartment
Size
1,551 sqft
Floor
7th of 9
Parking
B2-110
Developer
Nakheel
Completed
2007
Service charge
AED 23,300 /yr
Last sold
AED 1.8M · May 2018

About 708, Shoreline - Hamri

708 is a two-bedroom apartment of 1,551 sqft on the 7th floor of Shoreline - Hamri, a 9-storey tower in Palm Jumeirah completed in 2007 by Nakheel. It last sold on 27 May 2018 for AED 1,800,000, or AED 1,160 per sqft, in line with the AED 1,192 two-beds in the building were fetching at the time.

It has been rented since 2013 on 3 Ejari contracts. The current contract, signed on 3 October 2015, is AED 155,000 a year: a gross yield of 8.6% on the 2018 price, before the service charge of about AED 23,300 a year.

Sales and rents for 708 over time

Sales
Unit 708, 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 2,130,000 (AED 1,373 per sqft)Sold, May 2018: AED 1,800,000 (AED 1,160 per sqft)

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

Rents
Unit 708, 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, July 2013: AED 118,000 a yearNew contract, October 2014: AED 175,000 a yearNew contract, October 2015: AED 155,000 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 708 sits

All 54 2-beds →

708 last sold in May 2018 at AED 1,160 per sqft, in line with what two-beds in Shoreline - Hamri were fetching at the time (AED 1,192). 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. 708's AED 155,000 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
7062-bedAED 2.92M · Aug 2023
7072-bedAED 3.85M · Nov 2024
1–7 of 11

708, Shoreline - Hamri in numbers

  • Sold twice: first on 22 April 2009 for AED 2,130,000, last on 27 May 2018 for AED 1,800,000 (AED 1,160 per sqft).
  • Rented since July 2013 on 3 Ejari contracts, from AED 118,000 to AED 155,000 a year.
  • At AED 155,000 a year the gross yield on the 2018 price is 8.6%, 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 27 May 2018.

Questions about 708, Shoreline - Hamri

What did unit 708 last sell for?

AED 1,800,000 on 27 May 2018: AED 1,160 per sqft for 1,551 sqft. The unit has 2 registered sales; the first was AED 2,130,000 in April 2009.

What is the rent for unit 708?

AED 155,000 a year on the contract signed on 3 October 2015. The previous contract, from October 2014, was AED 175,000; the unit has been rented since July 2013.

How big is unit 708?

1,551 sqft (144.1 sqm): a two-bedroom apartment on the 7th floor of a 9-storey tower completed in 2007.

What is unit 708 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 708, Shoreline - Hamri

Starts from the last sale price (AED 1.8M, 27 May 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,800,000
Deposit, UAE resident (20%)
AED 360,000
Deposit, non-resident (40%)
AED 720,000
Monthly over 25 years at 3.7%
AED 7,364

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