3-bed · 2,200 sqftShoreline - Hatmi, Palm Jumeirah · 2nd floor

202, Shoreline - Hatmi

Sold prices and rental history: sold once, by the developer in April 2009, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 202 · DLD and Ejari recordsUpdated 23 December 2022
Last soldAED 1.15M29 April 2009
Current rentAED 174K /yr23 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 202, Shoreline - Hatmi

What is 202 worth today?

Last sold for AED 1,150,000 in 2009

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23 Dec 2022RentedRenewal
AED 173,538/yr13 months · AED 79 per sqft
23 Dec 2021RentedNew contract
AED 165,000/yr12 months · AED 75 per sqft
15 Nov 2020RentedRenewal
AED 130,000/yr12 months · AED 59 per sqft
15 Nov 2019RentedRenewal
AED 140,000/yr12 months · AED 64 per sqft
15 Nov 2018RentedNew contract
AED 140,000/yr12 months · AED 64 per sqft
28 Aug 2017RentedRenewal
AED 190,000/yr12 months · AED 87 per sqft
28 Aug 2016RentedRenewal
AED 205,000/yr12 months · AED 93 per sqft
28 Aug 2015RentedNew contract
AED 205,000/yr12 months · AED 93 per sqft

Source: Dubai Land Department. Updated 23 December 2022.

Key facts

Type
3-bed apartment
Size
2,200 sqft
Floor
2nd of 9
Parking
1B2-53,1B2-54
Service charge
AED 32,300 /yr
Last sold
AED 1.15M · April 2009

About 202, Shoreline - Hatmi

202 is a three-bedroom apartment of 2,200 sqft on the 2nd floor of Shoreline - Hatmi, a 9-storey tower in Palm Jumeirah. The developer sold it on 29 April 2009 for AED 1,150,000, or AED 522 per sqft, 10% below the AED 578 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, renewed on 23 December 2022, is AED 173,538 a year: a gross yield of 15.1% on the 2009 price, before the service charge of about AED 32,300 a year.

Sales and rents for 202 over time

Sales
Unit 202, 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, April 2009: AED 1,150,000 (AED 522 per sqft)

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

Rents
Unit 202, each contractTypical three-bed in Shoreline - Hatmi
200K300K2012201620202024Typical 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 190,000 a yearNew contract, June 2014: AED 210,000 a yearNew contract, June 2015: AED 210,000 a yearNew contract, August 2015: AED 205,000 a yearRenewal, August 2016: AED 205,000 a yearRenewal, August 2017: AED 190,000 a yearNew contract, November 2018: AED 140,000 a yearRenewal, November 2019: AED 140,000 a yearRenewal, November 2020: AED 130,000 a yearNew contract, December 2021: AED 165,000 a yearRenewal, December 2022: AED 173,538 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 202 sits

All 39 3-beds →

202 last sold in April 2009 at AED 522 per sqft, 10% below what three-beds in Shoreline - Hatmi were fetching at the time (AED 578). 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. 202's AED 173,538 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 →

Other units on the 2nd floor

All 107 units in Shoreline - Hatmi
Value
2012-bedAED 3.74M · Oct 2024
2033-bedAED 2.5M · Nov 2021
2041-bedAED 1.65M · May 2013
2052-bedAED 6.1M · Apr 2026
2062-bedAED 2.9M · Mar 2012
2072-bedAED 2.17M · Apr 2019
2082-bedAED 2.6M · Jul 2012
1–7 of 11

202, Shoreline - Hatmi in numbers

  • Sold once: by the developer on 29 April 2009 for AED 1,150,000, or AED 522 per sqft.
  • Rented since May 2013 on 11 Ejari contracts. The rent fell from AED 190,000 to AED 130,000 in 2020 and recovered to AED 173,538 by December 2022.
  • At AED 173,538 a year the gross yield on the 2009 price is 15.1%, before a service charge of about AED 32,300 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 23 December 2022.

Questions about 202, Shoreline - Hatmi

What did unit 202 last sell for?

AED 1,150,000 on 29 April 2009, sold by the developer: AED 522 per sqft for 2,200 sqft. It is the only registered sale of the unit.

What is the rent for unit 202?

AED 173,538 a year on the contract renewed on 23 December 2022. The previous contract, from December 2021, was AED 165,000; the unit has been rented since May 2013.

How big is unit 202?

2,200 sqft (204.4 sqm): a three-bedroom apartment on the 2nd floor of a 9-storey tower.

What is unit 202 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.

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Mortgage on 202, Shoreline - Hatmi

Starts from the last sale price (AED 1.15M, 29 April 2009). Switch to today's estimate once you have unlocked it.
Price
AED 1,150,000
Deposit, UAE resident (20%)
AED 230,000
Deposit, non-resident (40%)
AED 460,000
Monthly over 25 years at 3.7%
AED 4,705

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