Home
Dubai prices
About
Research
3-bed · 2,182 sqftShoreline - Hatmi, Palm Jumeirah

1002, Shoreline - Hatmi

Sold prices and rental history: sold 3 times, last in June 2016, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1002 · DLD and Ejari recordsUpdated 5 June 2016
Last soldAED 2.91M5 June 2016
Current rentAED 220K /yr1 July 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 1002

Property timeline for 1002, Shoreline - Hatmi

What is 1002 worth today?

Last sold for AED 2,911,000 in 2016

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

5 Jun 2016SoldReady
AED 2,911,000AED 1,334 per sqft
1 Jul 2015RentedNew contract
AED 220,000/yr12 months · AED 101 per sqft
20 May 2014RentedRenewal
AED 200,000/yr12 months · AED 92 per sqft
20 May 2013RentedNew contract
AED 185,000/yr12 months · AED 85 per sqft
21 Sep 2011SoldReady
AED 2,250,000AED 1,031 per sqft
19 May 2009Sold by developerReady
AED 1,175,000AED 538 per sqft

Source: Dubai Land Department. Updated 5 June 2016.

Key facts

Type
3-bed apartment
Size
2,182 sqft
Parking
1B2-138,1B2-139
Service charge
AED 32,000 /yr
Last sold
AED 2.91M · June 2016
Building
Shoreline - Hatmi

About 1002, Shoreline - Hatmi

1002 is a three-bedroom apartment of 2,182 sqft of Shoreline - Hatmi, a 9-storey tower in Palm Jumeirah. It last sold on 5 June 2016 for AED 2,911,000, or AED 1,334 per sqft, in line with the AED 1,334 three-beds in the building were fetching at the time.

It has been rented since 2013 on 3 Ejari contracts. The current contract, signed on 1 July 2015, is AED 220,000 a year: a gross yield of 7.6% on the 2016 price, before the service charge of about AED 32,000 a year.

Sales and rents for 1002 over time

Sales
Unit 1002, each saleTypical three-bed in Shoreline - Hatmi
2.5M5M2009201420192024Typical sale price by year: 2009 AED 1,250,000; 2010 AED 2,200,000; 2011 AED 2,150,000; 2012 AED 2,400,000; 2013 AED 1,650,000; 2016 AED 2,900,500; 2021 AED 2,250,000; 2022 AED 3,055,000; 2023 AED 3,900,000; 2026 AED 5,900,000Sold by developer, May 2009: AED 1,175,000 (AED 538 per sqft)Sold, September 2011: AED 2,250,000 (AED 1,031 per sqft)Sold, June 2016: AED 2,911,000 (AED 1,334 per sqft)

1002 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1002, each contractTypical three-bed in Shoreline - Hatmi
200K2012201620202024Typical rent by year: 2012 AED 195,000; 2013 AED 181,000; 2014 AED 201,026; 2015 AED 205,330; 2016 AED 197,500; 2017 AED 192,500; 2018 AED 167,500; 2019 AED 160,000; 2020 AED 140,000; 2021 AED 147,000; 2022 AED 170,000; 2023 AED 222,500; 2024 AED 255,000; 2025 AED 275,000; 2026 AED 242,500New contract, May 2013: AED 185,000 a yearRenewal, May 2014: AED 200,000 a yearNew contract, July 2015: AED 220,000 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 - Hatmi, and where 1002 sits

All 39 3-beds →

1002 last sold in June 2016 at AED 1,334 per sqft, in line with what three-beds in Shoreline - Hatmi were fetching at the time (AED 1,334). Over the last 12 months three-beds sold for AED 5,500,000 to 6,700,000, around AED 2,666 per sqft, and rent for AED 100,000 to 430,000 a year. 1002's AED 220,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
23 Oct 20265,500,000
9 Oct 20266,700,000
14 Jan 20265,900,000
26 Aug 20256,300,000
3 3-bed sales in the last 12 months

Shoreline - Hatmi

Building

107 apartments, 1-bed to 4-bed over 9 floors in Palm Jumeirah. 6 sold in the last 12 months.

Typical price per sqft
AED 2,885
Typical sale
AED 5.7M
Typical rent
AED 235K /yr
Typical yield
4.2%
Shoreline - Hatmi, Palm Jumeirah: prices, sales and rents →

1002, Shoreline - Hatmi in numbers

  • Sold 3 times: first on 19 May 2009 for AED 1,175,000, last on 5 June 2016 for AED 2,911,000 (AED 1,334 per sqft).
  • Rented since May 2013 on 3 Ejari contracts, from AED 185,000 to AED 220,000 a year.
  • At AED 220,000 a year the gross yield on the 2016 price is 7.6%, before a service charge of about AED 32,000 a year (AED 14.68 per sqft).
  • Three-beds in Shoreline - Hatmi sold for AED 5,500,000–6,700,000 in the 12 months to November 2026; the building's median across all types is AED 2,885 per sqft.

Source: Dubai Land Department. Updated 5 June 2016.

Questions about 1002, Shoreline - Hatmi

What did unit 1002 last sell for?

AED 2,911,000 on 5 June 2016: AED 1,334 per sqft for 2,182 sqft. The unit has 3 registered sales; the first was AED 1,175,000 in May 2009.

What is the rent for unit 1002?

AED 220,000 a year on the contract signed on 1 July 2015. The previous contract, from May 2014, was AED 200,000; the unit has been rented since May 2013.

How big is unit 1002?

2,182 sqft (202.7 sqm): a three-bedroom apartment of a 9-storey tower.

What is unit 1002 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Shoreline - Hatmi sold for AED 5,500,000 to 6,700,000 in the last 12 months, around AED 2,666 per sqft.

Selling 1002? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 1002, Shoreline - Hatmi

Starts from the last sale price (AED 2.91M, 5 June 2016). Switch to today's estimate once you have unlocked it.
Price
AED 2,911,000
Deposit, UAE resident (20%)
AED 582,200
Deposit, non-resident (40%)
AED 1,164,400
Monthly over 25 years at 3.7%
AED 11,910

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