2-bed · 1,586 sqftShoreline - Hatmi, Palm Jumeirah · 4th floor

412, Shoreline - Hatmi

Sold prices and rental history: sold twice, last in December 2021, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 412 · DLD and Ejari recordsUpdated 13 December 2021
Last soldAED 1.83M13 December 2021
Current rentAED 160K /yr15 March 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 412, Shoreline - Hatmi

What is 412 worth today?

Last sold for AED 1,825,000 in 2021

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13 Dec 2021SoldReady
AED 1,825,000AED 1,150 per sqft
15 Mar 2018RentedRenewal
AED 160,478/yr12 months · AED 101 per sqft
15 Mar 2017RentedNew contract
AED 160,000/yr12 months · AED 101 per sqft
5 Mar 2016RentedNew contract
AED 174,064/yr12 months · AED 110 per sqft
15 Aug 2014RentedNew contract
AED 155,000/yr12 months · AED 98 per sqft
15 Aug 2013RentedNew contract
AED 141,750/yr12 months · AED 90 per sqft
10 Feb 2010Sold by developerReady
AED 800,000AED 504 per sqft

Source: Dubai Land Department. Updated 13 December 2021.

Key facts

Type
2-bed apartment
Size
1,586 sqft
Floor
4th of 9
Parking
1B2-64
Service charge
AED 23,300 /yr
Last sold
AED 1.83M · December 2021

About 412, Shoreline - Hatmi

412 is a two-bedroom apartment of 1,586 sqft on the 4th floor of Shoreline - Hatmi, a 9-storey tower in Palm Jumeirah. It last sold on 13 December 2021 for AED 1,825,000, or AED 1,150 per sqft, 16% below the AED 1,366 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, renewed on 15 March 2018, is AED 160,478 a year: a gross yield of 8.8% on the 2021 price, before the service charge of about AED 23,300 a year.

Sales and rents for 412 over time

Sales
Unit 412, each saleTypical two-bed in Shoreline - Hatmi
2M4M20092013201720212025Typical sale price by year: 2009 AED 972,500; 2010 AED 1,050,000; 2011 AED 2,525,000; 2012 AED 2,147,500; 2013 AED 2,450,000; 2014 AED 2,350,000; 2015 AED 1,600,000; 2016 AED 2,450,000; 2017 AED 3,400,000; 2018 AED 2,200,000; 2019 AED 2,170,000; 2022 AED 2,152,000; 2024 AED 4,335,000Sold by developer, February 2010: AED 800,000 (AED 504 per sqft)Sold, December 2021: AED 1,825,000 (AED 1,150 per sqft)

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

Rents
Unit 412, each contractTypical two-bed in Shoreline - Hatmi
150K200K2012201620202024Typical rent by year: 2012 AED 162,500; 2013 AED 169,000; 2014 AED 179,000; 2015 AED 185,000; 2016 AED 180,000; 2017 AED 175,000; 2018 AED 167,500; 2019 AED 160,000; 2020 AED 122,500; 2021 AED 132,500; 2022 AED 146,250; 2023 AED 174,000; 2024 AED 207,373; 2025 AED 220,053; 2026 AED 222,500New contract, August 2013: AED 141,750 a yearNew contract, August 2014: AED 155,000 a yearNew contract, March 2016: AED 174,064 a yearNew contract, March 2017: AED 160,000 a yearRenewal, March 2018: AED 160,478 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 - Hatmi, and where 412 sits

All 54 2-beds →

412 last sold in December 2021 at AED 1,150 per sqft, 16% below what two-beds in Shoreline - Hatmi were fetching at the time (AED 1,366). Over the last 12 months two-beds sold for AED 1,800,000 to 6,100,000, around AED 3,127 per sqft, and rent for AED 128,000 to 480,000 a year. 412's AED 160,478 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
13 Apr 20266,100,000
16 Mar 20261,800,000
5 May 20253,940,000
24 Apr 20254,700,000
2 2-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 4th floor

All 107 units in Shoreline - Hatmi
Value
4012-bedAED 1.9M · Mar 2022
4023-bedAED 2.6M · Apr 2009
4033-bedAED 2.6M · Dec 2010
4041-bedAED 1.28M · Nov 2020
4052-bedAED 4.67M · Feb 2024
4062-bedAED 3.7M · Apr 2019
4072-bedAED 3.25M · Apr 2018
1–7 of 11

412, Shoreline - Hatmi in numbers

  • Sold twice: first on 10 February 2010 for AED 800,000, last on 13 December 2021 for AED 1,825,000 (AED 1,150 per sqft).
  • Rented since August 2013 on 5 Ejari contracts, from AED 141,750 to AED 160,478 a year.
  • At AED 160,478 a year the gross yield on the 2021 price is 8.8%, before a service charge of about AED 23,300 a year (AED 14.68 per sqft).
  • Two-beds in Shoreline - Hatmi sold for AED 1,800,000–6,100,000 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 13 December 2021.

Questions about 412, Shoreline - Hatmi

What did unit 412 last sell for?

AED 1,825,000 on 13 December 2021: AED 1,150 per sqft for 1,586 sqft. The unit has 2 registered sales; the first was AED 800,000 in February 2010.

What is the rent for unit 412?

AED 160,478 a year on the contract renewed on 15 March 2018. The previous contract, from March 2017, was AED 160,000; the unit has been rented since August 2013.

How big is unit 412?

1,586 sqft (147.3 sqm): a two-bedroom apartment on the 4th floor of a 9-storey tower.

What is unit 412 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Shoreline - Hatmi sold for AED 1,800,000 to 6,100,000 in the last 12 months, around AED 3,127 per sqft.

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Mortgage on 412, Shoreline - Hatmi

Starts from the last sale price (AED 1.83M, 13 December 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,825,000
Deposit, UAE resident (20%)
AED 365,000
Deposit, non-resident (40%)
AED 730,000
Monthly over 25 years at 3.7%
AED 7,467

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