2-bed · 1,994 sqftShoreline - Hatmi, Palm Jumeirah · 7th floor

706, Shoreline - Hatmi

Sold prices and rental history: sold once, by the developer in March 2009, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 706 · DLD and Ejari recordsUpdated 20 June 2022
Last soldAED 1.15M22 March 2009
Current rentAED 174K /yr20 June 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 706, Shoreline - Hatmi

What is 706 worth today?

Last sold for AED 1,150,000 in 2009

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20 Jun 2022RentedRenewal
AED 174,000/yr12 months · AED 87 per sqft
20 Jun 2021RentedRenewal
AED 145,000/yr12 months · AED 73 per sqft
20 Jun 2020RentedRenewal
AED 145,000/yr12 months · AED 73 per sqft
20 Jun 2019RentedRenewal
AED 166,250/yr12 months · AED 83 per sqft
20 Jun 2018RentedRenewal
AED 175,000/yr12 months · AED 88 per sqft
20 Jun 2017RentedRenewal
AED 205,880/yr12 months · AED 103 per sqft
20 Jun 2016RentedRenewal
AED 215,000/yr12 months · AED 108 per sqft
20 Jun 2015RentedNew contract
AED 230,000/yr12 months · AED 116 per sqft

Source: Dubai Land Department. Updated 20 June 2022.

Key facts

Type
2-bed apartment
Size
1,994 sqft
Floor
7th of 9
Parking
1B2-85
Service charge
AED 29,300 /yr
Last sold
AED 1.15M · March 2009

About 706, Shoreline - Hatmi

706 is a two-bedroom apartment of 1,994 sqft on the 7th floor of Shoreline - Hatmi, a 9-storey tower in Palm Jumeirah. The developer sold it on 22 March 2009 for AED 1,150,000, or AED 576 per sqft, in line with the AED 576 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, renewed on 20 June 2022, is AED 174,000 a year: a gross yield of 15.1% on the 2009 price, before the service charge of about AED 29,300 a year.

Sales and rents for 706 over time

Sales
Unit 706, 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, March 2009: AED 1,150,000 (AED 576 per sqft)

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

Rents
Unit 706, 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, June 2013: AED 190,000 a yearNew contract, June 2014: AED 230,000 a yearNew contract, June 2015: AED 230,000 a yearRenewal, June 2016: AED 215,000 a yearRenewal, June 2017: AED 205,880 a yearRenewal, June 2018: AED 175,000 a yearRenewal, June 2019: AED 166,250 a yearRenewal, June 2020: AED 145,000 a yearRenewal, June 2021: AED 145,000 a yearRenewal, June 2022: AED 174,000 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 706 sits

All 54 2-beds →

706 last sold in March 2009 at AED 576 per sqft, in line with what two-beds in Shoreline - Hatmi were fetching at the time (AED 576). 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. 706's AED 174,000 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 7th floor

All 107 units in Shoreline - Hatmi
Value
7012-bedAED 1.85M · Apr 2012
7023-bedAED 3.17M · Jan 2023
7033-bedAED 3.06M · Feb 2022
7041-bedAED 3.85M · Jan 2026
7052-bedAED 895K · Apr 2009
7072-bedAED 3.4M · Mar 2013
7082-bedAED 1.9M · Nov 2018
1–7 of 11

706, Shoreline - Hatmi in numbers

  • Sold once: by the developer on 22 March 2009 for AED 1,150,000, or AED 576 per sqft.
  • Rented since June 2013 on 10 Ejari contracts. The rent fell from AED 190,000 to AED 145,000 in 2021 and recovered to AED 174,000 by June 2022.
  • At AED 174,000 a year the gross yield on the 2009 price is 15.1%, before a service charge of about AED 29,300 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 20 June 2022.

Questions about 706, Shoreline - Hatmi

What did unit 706 last sell for?

AED 1,150,000 on 22 March 2009, sold by the developer: AED 576 per sqft for 1,994 sqft. It is the only registered sale of the unit.

What is the rent for unit 706?

AED 174,000 a year on the contract renewed on 20 June 2022. The previous contract, from June 2021, was AED 145,000; the unit has been rented since June 2013.

How big is unit 706?

1,994 sqft (185.2 sqm): a two-bedroom apartment on the 7th floor of a 9-storey tower.

What is unit 706 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 706, Shoreline - Hatmi

Starts from the last sale price (AED 1.15M, 22 March 2009). Switch to today's estimate once you have unlocked it.
Price
AED 1,150,000
Deposit, UAE resident (20%)
AED 230,000
Deposit, non-resident (40%)
AED 460,000
Monthly over 25 years at 3.7%
AED 4,705

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