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

707, Shoreline - Hatmi

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

Unit 707 · DLD and Ejari recordsUpdated 15 November 2021
Last soldAED 3.4M14 March 2013
Current rentAED 160K /yr15 November 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 707, Shoreline - Hatmi

What is 707 worth today?

Last sold for AED 3,400,000 in 2013

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15 Nov 2021RentedRenewal
AED 160,000/yr12 months · AED 80 per sqft
15 Nov 2020RentedNew contract
AED 145,000/yr12 months · AED 73 per sqft
15 May 2020RentedRenewal
AED 176,000/yr6 months · AED 88 per sqft
15 May 2019RentedNew contract
AED 176,000/yr12 months · AED 88 per sqft
30 May 2018RentedNew contract
AED 205,000/yr12 months · AED 103 per sqft
23 Jan 2015RentedRenewal
AED 190,000/yr12 months · AED 95 per sqft
23 Jan 2014RentedNew contract
AED 190,000/yr12 months · AED 95 per sqft
14 Mar 2013SoldReady
AED 3,400,000AED 1,705 per sqft

Source: Dubai Land Department. Updated 15 November 2021.

Key facts

Type
2-bed apartment
Size
1,994 sqft
Floor
7th of 9
Parking
1B2-84
Service charge
AED 29,300 /yr
Last sold
AED 3.4M · March 2013

About 707, Shoreline - Hatmi

707 is a two-bedroom apartment of 1,994 sqft on the 7th floor of Shoreline - Hatmi, a 9-storey tower in Palm Jumeirah. It last sold on 14 March 2013 for AED 3,400,000, or AED 1,705 per sqft, 9% above the AED 1,564 two-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 15 November 2021, is AED 160,000 a year: a gross yield of 4.7% on the 2013 price, before the service charge of about AED 29,300 a year.

Sales and rents for 707 over time

Sales
Unit 707, 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)Sold, March 2013: AED 3,400,000 (AED 1,705 per sqft)

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

Rents
Unit 707, 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, April 2012: AED 180,000 a yearNew contract, January 2013: AED 190,000 a yearNew contract, January 2014: AED 190,000 a yearRenewal, January 2015: AED 190,000 a yearNew contract, May 2018: AED 205,000 a yearNew contract, May 2019: AED 176,000 a yearRenewal, May 2020: AED 176,000 a yearNew contract, November 2020: AED 145,000 a yearRenewal, November 2021: AED 160,000 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 707 sits

All 54 2-beds →

707 last sold in March 2013 at AED 1,705 per sqft, 9% above what two-beds in Shoreline - Hatmi were fetching at the time (AED 1,564). 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. 707's AED 160,000 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
7062-bedAED 1.15M · Mar 2009
7082-bedAED 1.9M · Nov 2018
1–7 of 11

707, Shoreline - Hatmi in numbers

  • Sold twice: first on 22 March 2009 for AED 1,150,000, last on 14 March 2013 for AED 3,400,000 (AED 1,705 per sqft).
  • Rented since April 2012 on 9 Ejari contracts. The rent fell from AED 180,000 to AED 145,000 in 2020 and recovered to AED 160,000 by November 2021.
  • At AED 160,000 a year the gross yield on the 2013 price is 4.7%, 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 15 November 2021.

Questions about 707, Shoreline - Hatmi

What did unit 707 last sell for?

AED 3,400,000 on 14 March 2013: AED 1,705 per sqft for 1,994 sqft. The unit has 2 registered sales; the first was AED 1,150,000 in March 2009.

What is the rent for unit 707?

AED 160,000 a year on the contract renewed on 15 November 2021. The previous contract, from November 2020, was AED 145,000; the unit has been rented since April 2012.

How big is unit 707?

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

What is unit 707 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 707, Shoreline - Hatmi

Starts from the last sale price (AED 3.4M, 14 March 2013). Switch to today's estimate once you have unlocked it.
Price
AED 3,400,000
Deposit, UAE resident (20%)
AED 680,000
Deposit, non-resident (40%)
AED 1,360,000
Monthly over 25 years at 3.7%
AED 13,910

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