3-bed · 2,159 sqftShoreline - Hatmi, Palm Jumeirah · 7th floor

703, Shoreline - Hatmi

Sold prices and rental history: sold 5 times, last in February 2022, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 703 · DLD and Ejari recordsUpdated 24 November 2024
Last soldAED 3.06M25 February 2022
Current rentAED 234K /yr24 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 703, Shoreline - Hatmi

What is 703 worth today?

Last sold for AED 3,055,000 in 2022

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24 Nov 2024RentedRenewal
AED 233,702/yr12 months · AED 109 per sqft
25 Nov 2023RentedRenewal
AED 235,000/yr12 months · AED 109 per sqft
25 Nov 2022RentedNew contract
AED 235,000/yr12 months · AED 109 per sqft
25 Feb 2022SoldReady
AED 3,055,000AED 1,415 per sqft
10 Feb 2022RentedRenewal
AED 145,000/yr12 months · AED 67 per sqft
10 Feb 2021RentedNew contract
AED 145,000/yr12 months · AED 67 per sqft
13 Jan 2021SoldReady
AED 2,100,000AED 972 per sqft
10 May 2016RentedNew contract
AED 258,000/yr6 months · AED 119 per sqft

Source: Dubai Land Department. Updated 24 November 2024.

Key facts

Type
3-bed apartment
Size
2,159 sqft
Floor
7th of 9
Parking
1B1-60,1B1-61
Service charge
AED 31,700 /yr
Last sold
AED 3.06M · February 2022

About 703, Shoreline - Hatmi

703 is a three-bedroom apartment of 2,159 sqft on the 7th floor of Shoreline - Hatmi, a 9-storey tower in Palm Jumeirah. It last sold on 25 February 2022 for AED 3,055,000, or AED 1,415 per sqft, 20% above the AED 1,175 three-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 9 Ejari contracts. The current contract, renewed on 24 November 2024, is AED 233,702 a year: a gross yield of 7.6% on the 2022 price, before the service charge of about AED 31,700 a year.

Sales and rents for 703 over time

Sales
Unit 703, 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 2010: AED 2,600,000 (AED 1,204 per sqft)Sold, March 2016: AED 1,550,000 (AED 717 per sqft)Sold, January 2021: AED 2,100,000 (AED 972 per sqft)Sold, February 2022: AED 3,055,000 (AED 1,415 per sqft)

703 has sold 5 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 703, 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, October 2012: AED 200,000 a yearNew contract, October 2013: AED 200,000 a yearNew contract, May 2015: AED 220,000 a yearNew contract, May 2016: AED 258,000 a yearNew contract, February 2021: AED 145,000 a yearRenewal, February 2022: AED 145,000 a yearNew contract, November 2022: AED 235,000 a yearRenewal, November 2023: AED 235,000 a yearRenewal, November 2024: AED 233,702 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 703 sits

All 39 3-beds →

703 last sold in February 2022 at AED 1,415 per sqft, 20% above what three-beds in Shoreline - Hatmi were fetching at the time (AED 1,175). 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. 703's AED 233,702 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 7th floor

All 107 units in Shoreline - Hatmi
Value
7012-bedAED 1.85M · Apr 2012
7023-bedAED 3.17M · Jan 2023
7041-bedAED 3.85M · Jan 2026
7052-bedAED 895K · Apr 2009
7062-bedAED 1.15M · Mar 2009
7072-bedAED 3.4M · Mar 2013
7082-bedAED 1.9M · Nov 2018
1–7 of 11

703, Shoreline - Hatmi in numbers

  • Sold 5 times: first on 26 April 2009 for AED 1,275,000, last on 25 February 2022 for AED 3,055,000 (AED 1,415 per sqft).
  • Rented since October 2012 on 9 Ejari contracts. The rent fell from AED 200,000 to AED 145,000 in 2022 and recovered to AED 233,702 by November 2024.
  • At AED 233,702 a year the gross yield on the 2022 price is 7.6%, 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 24 November 2024.

Questions about 703, Shoreline - Hatmi

What did unit 703 last sell for?

AED 3,055,000 on 25 February 2022: AED 1,415 per sqft for 2,159 sqft. The unit has 5 registered sales; the first was AED 1,275,000 in April 2009.

What is the rent for unit 703?

AED 233,702 a year on the contract renewed on 24 November 2024. The previous contract, from November 2023, was AED 235,000; the unit has been rented since October 2012.

How big is unit 703?

2,159 sqft (200.6 sqm): a three-bedroom apartment on the 7th floor of a 9-storey tower.

What is unit 703 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 703, Shoreline - Hatmi

Starts from the last sale price (AED 3.06M, 25 February 2022). Switch to today's estimate once you have unlocked it.
Price
AED 3,055,000
Deposit, UAE resident (20%)
AED 611,000
Deposit, non-resident (40%)
AED 1,222,000
Monthly over 25 years at 3.7%
AED 12,499

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