2-bed · 1,583 sqftShoreline - Hatmi, Palm Jumeirah · 6th floor

612, Shoreline - Hatmi

Sold prices and rental history: sold 3 times, last in February 2018, and rented continuously since 2011. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 612 · DLD and Ejari recordsUpdated 26 August 2023
Last soldAED 1.72M26 February 2018
Current rentAED 130K /yr26 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 612, Shoreline - Hatmi

What is 612 worth today?

Last sold for AED 1,720,000 in 2018

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26 Aug 2023RentedRenewal
AED 130,259/yr7 months · AED 82 per sqft
26 Aug 2022RentedRenewal
AED 115,500/yr12 months · AED 73 per sqft
26 Aug 2021RentedNew contract
AED 105,000/yr12 months · AED 66 per sqft
1 Sep 2020RentedNew contract
AED 84,000/yr12 months · AED 53 per sqft
15 Aug 2019RentedNew contract
AED 105,000/yr12 months · AED 66 per sqft
19 Aug 2018RentedNew contract
AED 135,000/yr12 months · AED 85 per sqft
26 Feb 2018SoldReady
AED 1,720,000AED 1,086 per sqft
19 Aug 2017RentedNew contract
AED 130,000/yr12 months · AED 82 per sqft

Source: Dubai Land Department. Updated 26 August 2023.

Key facts

Type
2-bed apartment
Size
1,583 sqft
Floor
6th of 9
Parking
1B2-96
Service charge
AED 23,200 /yr
Last sold
AED 1.72M · February 2018

About 612, Shoreline - Hatmi

612 is a two-bedroom apartment of 1,583 sqft on the 6th floor of Shoreline - Hatmi, a 9-storey tower in Palm Jumeirah. It last sold on 26 February 2018 for AED 1,720,000, or AED 1,086 per sqft, 22% below the AED 1,396 two-beds in the building were fetching at the time.

It has been rented continuously since 2011 on 12 Ejari contracts. The current contract, renewed on 26 August 2023, is AED 130,259 a year: a gross yield of 7.6% on the 2018 price, before the service charge of about AED 23,200 a year.

Sales and rents for 612 over time

Sales
Unit 612, 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, April 2009: AED 825,000 (AED 521 per sqft)Sold, October 2009: AED 1,630,000 (AED 1,029 per sqft)Sold, February 2018: AED 1,720,000 (AED 1,086 per sqft)

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

Rents
Unit 612, each contractTypical two-bed in Shoreline - Hatmi
100K200K20112015201920232027Typical 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, July 2011: AED 120,000 a yearNew contract, June 2013: AED 120,000 a yearRenewal, June 2014: AED 144,000 a yearRenewal, June 2015: AED 144,000 a yearRenewal, June 2016: AED 144,000 a yearNew contract, August 2017: AED 130,000 a yearNew contract, August 2018: AED 135,000 a yearNew contract, August 2019: AED 105,000 a yearNew contract, September 2020: AED 84,000 a yearNew contract, August 2021: AED 105,000 a yearRenewal, August 2022: AED 115,500 a yearRenewal, August 2023: AED 130,259 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 612 sits

All 54 2-beds →

612 last sold in February 2018 at AED 1,086 per sqft, 22% below what two-beds in Shoreline - Hatmi were fetching at the time (AED 1,396). 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. 612's AED 130,259 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 6th floor

All 107 units in Shoreline - Hatmi
Value
6012-bedAED 2.62M · Dec 2014
6023-bedAED 2.6M · Nov 2012
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
1–7 of 11

612, Shoreline - Hatmi in numbers

  • Sold 3 times: first on 26 April 2009 for AED 825,000, last on 26 February 2018 for AED 1,720,000 (AED 1,086 per sqft).
  • Rented since July 2011 on 12 Ejari contracts. The rent fell from AED 120,000 to AED 84,000 in 2020 and recovered to AED 130,259 by August 2023.
  • At AED 130,259 a year the gross yield on the 2018 price is 7.6%, before a service charge of about AED 23,200 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 26 August 2023.

Questions about 612, Shoreline - Hatmi

What did unit 612 last sell for?

AED 1,720,000 on 26 February 2018: AED 1,086 per sqft for 1,583 sqft. The unit has 3 registered sales; the first was AED 825,000 in April 2009.

What is the rent for unit 612?

AED 130,259 a year on the contract renewed on 26 August 2023. The previous contract, from August 2022, was AED 115,500; the unit has been rented since July 2011.

How big is unit 612?

1,583 sqft (147.1 sqm): a two-bedroom apartment on the 6th floor of a 9-storey tower.

What is unit 612 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 612, Shoreline - Hatmi

Starts from the last sale price (AED 1.72M, 26 February 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,720,000
Deposit, UAE resident (20%)
AED 344,000
Deposit, non-resident (40%)
AED 688,000
Monthly over 25 years at 3.7%
AED 7,037

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