3-bed · 2,213 sqftShoreline - Hatmi, Palm Jumeirah · 6th floor

602, Shoreline - Hatmi

Sold prices and rental history: sold 3 times, last in November 2012, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 602 · DLD and Ejari recordsUpdated 28 February 2014
Last soldAED 2.6M27 November 2012
Current rentAED 180K /yr28 February 2014
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 602, Shoreline - Hatmi

What is 602 worth today?

Last sold for AED 2,600,000 in 2012

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28 Feb 2014RentedNew contract
AED 180,000/yr12 months · AED 81 per sqft
28 Feb 2013RentedNew contract
AED 180,000/yr12 months · AED 81 per sqft
27 Nov 2012SoldReady
AED 2,600,000AED 1,175 per sqft
29 Jun 2010SoldReady
AED 2,200,000AED 994 per sqft
16 Jun 2010Sold by developerReady
AED 1,175,000AED 531 per sqft

Source: Dubai Land Department. Updated 28 February 2014.

Key facts

Type
3-bed apartment
Size
2,213 sqft
Floor
6th of 9
Parking
1B2-43,1B2-44
Service charge
AED 32,500 /yr
Last sold
AED 2.6M · November 2012

About 602, Shoreline - Hatmi

602 is a three-bedroom apartment of 2,213 sqft on the 6th floor of Shoreline - Hatmi, a 9-storey tower in Palm Jumeirah. It last sold on 27 November 2012 for AED 2,600,000, or AED 1,175 per sqft, 45% above the AED 810 three-beds in the building were fetching at the time.

It has been rented since 2013 on 2 Ejari contracts. The current contract, signed on 28 February 2014, is AED 180,000 a year: a gross yield of 6.9% on the 2012 price, before the service charge of about AED 32,500 a year.

Sales and rents for 602 over time

Sales
Unit 602, 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, June 2010: AED 2,200,000 (AED 994 per sqft)Sold by developer, June 2010: AED 1,175,000 (AED 531 per sqft)Sold, November 2012: AED 2,600,000 (AED 1,175 per sqft)

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

Rents
Unit 602, 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, February 2013: AED 180,000 a yearNew contract, February 2014: AED 180,000 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 602 sits

All 39 3-beds →

602 last sold in November 2012 at AED 1,175 per sqft, 45% above what three-beds in Shoreline - Hatmi were fetching at the time (AED 810). 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. 602's AED 180,000 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 →

Other units on the 6th floor

All 107 units in Shoreline - Hatmi
Value
6012-bedAED 2.62M · Dec 2014
6033-bedAED 2.25M · Nov 2020
6041-bedAED 2.05M · Nov 2017
6052-bedAED 4.49M · Jun 2009
6062-bedAED 3.4M · May 2017
6072-bedAED 4M · Jun 2015
6082-bedAED 1.8M · Mar 2026
1–7 of 11

602, Shoreline - Hatmi in numbers

  • Sold 3 times: first on 16 June 2010 for AED 1,175,000, last on 27 November 2012 for AED 2,600,000 (AED 1,175 per sqft).
  • Rented since February 2013 on 2 Ejari contracts, at AED 180,000 a year.
  • At AED 180,000 a year the gross yield on the 2012 price is 6.9%, before a service charge of about AED 32,500 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 28 February 2014.

Questions about 602, Shoreline - Hatmi

What did unit 602 last sell for?

AED 2,600,000 on 27 November 2012: AED 1,175 per sqft for 2,213 sqft. The unit has 3 registered sales; the first was AED 1,175,000 in June 2010.

What is the rent for unit 602?

AED 180,000 a year on the contract signed on 28 February 2014. The previous contract, from February 2013, was AED 180,000.

How big is unit 602?

2,213 sqft (205.6 sqm): a three-bedroom apartment on the 6th floor of a 9-storey tower.

What is unit 602 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 602, Shoreline - Hatmi

Starts from the last sale price (AED 2.6M, 27 November 2012). Switch to today's estimate once you have unlocked it.
Price
AED 2,600,000
Deposit, UAE resident (20%)
AED 520,000
Deposit, non-resident (40%)
AED 1,040,000
Monthly over 25 years at 3.7%
AED 10,637

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