3-bed · 2,159 sqftShoreline - Hatmi, Palm Jumeirah · 6th floor

603, Shoreline - Hatmi

Sold prices and rental history: sold twice, last in November 2020, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 603 · DLD and Ejari recordsUpdated 3 November 2020
Last soldAED 2.25M3 November 2020
Current rentAED 275K /yr1 July 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 603, Shoreline - Hatmi

What is 603 worth today?

Last sold for AED 2,250,000 in 2020

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3 Nov 2020SoldReady
AED 2,250,000AED 1,042 per sqft
1 Jul 2019RentedRenewal
AED 275,000/yr12 months · AED 127 per sqft
1 Jul 2018RentedNew contract
AED 245,000/yr12 months · AED 113 per sqft
17 Aug 2017RentedRenewal
AED 195,000/yr6 months · AED 90 per sqft
17 Aug 2016RentedRenewal
AED 195,000/yr12 months · AED 90 per sqft
17 Aug 2015RentedNew contract
AED 195,000/yr12 months · AED 90 per sqft
17 Aug 2014RentedNew contract
AED 195,000/yr12 months · AED 90 per sqft
17 Aug 2013RentedNew contract
AED 180,000/yr12 months · AED 83 per sqft

Source: Dubai Land Department. Updated 3 November 2020.

Key facts

Type
3-bed apartment
Size
2,159 sqft
Floor
6th of 9
Parking
1B2-41,1B2-42
Service charge
AED 31,700 /yr
Last sold
AED 2.25M · November 2020

About 603, Shoreline - Hatmi

603 is a three-bedroom apartment of 2,159 sqft on the 6th floor of Shoreline - Hatmi, a 9-storey tower in Palm Jumeirah. It last sold on 3 November 2020 for AED 2,250,000, or AED 1,042 per sqft.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, renewed on 1 July 2019, is AED 275,000 a year: a gross yield of 12.2% on the 2020 price, before the service charge of about AED 31,700 a year.

Sales and rents for 603 over time

Sales
Unit 603, 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 1,275,000 (AED 590 per sqft)Sold, November 2020: AED 2,250,000 (AED 1,042 per sqft)

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

Rents
Unit 603, 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, August 2013: AED 180,000 a yearNew contract, August 2014: AED 195,000 a yearNew contract, August 2015: AED 195,000 a yearRenewal, August 2016: AED 195,000 a yearRenewal, August 2017: AED 195,000 a yearNew contract, July 2018: AED 245,000 a yearRenewal, July 2019: AED 275,000 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 603 sits

All 39 3-beds →

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. 603's AED 275,000 is in the upper 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
6023-bedAED 2.6M · Nov 2012
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

603, Shoreline - Hatmi in numbers

  • Sold twice: first on 26 April 2009 for AED 1,275,000, last on 3 November 2020 for AED 2,250,000 (AED 1,042 per sqft).
  • Rented since August 2013 on 7 Ejari contracts, from AED 180,000 to AED 275,000 a year.
  • At AED 275,000 a year the gross yield on the 2020 price is 12.2%, before a service charge of about AED 31,700 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 3 November 2020.

Questions about 603, Shoreline - Hatmi

What did unit 603 last sell for?

AED 2,250,000 on 3 November 2020: AED 1,042 per sqft for 2,159 sqft. The unit has 2 registered sales; the first was AED 1,275,000 in April 2009.

What is the rent for unit 603?

AED 275,000 a year on the contract renewed on 1 July 2019. The previous contract, from July 2018, was AED 245,000; the unit has been rented since August 2013.

How big is unit 603?

2,159 sqft (200.6 sqm): a three-bedroom apartment on the 6th floor of a 9-storey tower.

What is unit 603 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 603, Shoreline - Hatmi

Starts from the last sale price (AED 2.25M, 3 November 2020). Switch to today's estimate once you have unlocked it.
Price
AED 2,250,000
Deposit, UAE resident (20%)
AED 450,000
Deposit, non-resident (40%)
AED 900,000
Monthly over 25 years at 3.7%
AED 9,205

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