2-bed · 1,992 sqftShoreline - Jash Hamad, Palm Jumeirah · 4th floor · completed 2007

407, Shoreline - Jash Hamad

Sold prices and rental history: sold 4 times, last in July 2023, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 407 · DLD and Ejari recordsUpdated 7 July 2023
Last soldAED 2.6M7 July 2023
Current rentAED 155K /yr17 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 407, Shoreline - Jash Hamad

What is 407 worth today?

Last sold for AED 2,600,000 in 2023

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7 Jul 2023SoldReady
AED 2,600,000AED 1,305 per sqft
17 Sep 2022RentedRenewal
AED 155,000/yr12 months · AED 78 per sqft
17 Sep 2021RentedNew contract
AED 140,000/yr12 months · AED 70 per sqft
14 Sep 2020RentedNew contract
AED 130,000/yr12 months · AED 64 per sqft
28 Feb 2017SoldReady
AED 2,400,000AED 1,204 per sqft
29 Feb 2016SoldReady
AED 1,799,174AED 903 per sqft
30 Dec 2012Sold by developerReady
AED 1,799,174AED 903 per sqft

Source: Dubai Land Department. Updated 7 July 2023.

Key facts

Type
2-bed apartment
Size
1,992 sqft
Floor
4th of 9
Parking
B2-57
Developer
Nakheel
Completed
2007
Service charge
AED 26,600 /yr
Last sold
AED 2.6M · July 2023

About 407, Shoreline - Jash Hamad

407 is a two-bedroom apartment of 1,992 sqft on the 4th floor of Shoreline - Jash Hamad, a 9-storey tower in Palm Jumeirah completed in 2007 by Nakheel. It last sold on 7 July 2023 for AED 2,600,000, or AED 1,305 per sqft, 12% below the AED 1,476 two-beds in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, renewed on 17 September 2022, is AED 155,000 a year: a gross yield of 6.0% on the 2023 price, before the service charge of about AED 26,600 a year.

Sales and rents for 407 over time

Sales
Unit 407, each saleTypical two-bed in Shoreline - Jash Hamad
2M4M2012201620202024Typical sale price by year: 2012 AED 1,636,859; 2013 AED 1,925,000; 2015 AED 2,150,000; 2016 AED 1,800,000; 2017 AED 2,275,000; 2020 AED 1,440,000; 2021 AED 1,790,000; 2022 AED 2,220,000; 2023 AED 2,600,000; 2024 AED 3,600,000; 2025 AED 4,250,000; 2026 AED 3,600,000Sold by developer, December 2012: AED 1,799,174 (AED 903 per sqft)Sold, February 2016: AED 1,799,174 (AED 903 per sqft)Sold, February 2017: AED 2,400,000 (AED 1,204 per sqft)Sold, July 2023: AED 2,600,000 (AED 1,305 per sqft)

407 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 407, each contractTypical two-bed in Shoreline - Jash Hamad
100K150K200K2012201620202024Typical rent by year: 2012 AED 110,000; 2013 AED 133,850; 2014 AED 136,428; 2015 AED 150,000; 2016 AED 148,750; 2017 AED 140,000; 2018 AED 125,000; 2019 AED 105,000; 2020 AED 95,500; 2021 AED 100,000; 2022 AED 125,000; 2023 AED 165,000; 2024 AED 185,000; 2025 AED 186,000; 2026 AED 177,500New contract, September 2020: AED 130,000 a yearNew contract, September 2021: AED 140,000 a yearRenewal, September 2022: AED 155,000 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 - Jash Hamad, and where 407 sits

All 49 2-beds →

407 last sold in July 2023 at AED 1,305 per sqft, 12% below what two-beds in Shoreline - Jash Hamad were fetching at the time (AED 1,476). Over the last 12 months two-beds sold for AED 3,300,000 to 4,450,000, around AED 2,257 per sqft, and rent for AED 100,000 to 365,000 a year. 407's AED 155,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
22 Apr 20263,300,000
6 Mar 20264,000,000
19 Jan 20263,600,000
11 Nov 20254,450,000
4 2-bed sales in the last 12 months

Shoreline - Jash Hamad

Building

108 apartments, 1-bed to 3-bed over 9 floors in Palm Jumeirah, completed in 2007 by Nakheel. 8 sold in the last 12 months.

Typical price per sqft
AED 2,362
Typical sale
AED 4.23M
Typical rent
AED 165K /yr
Typical yield
4.6%
Shoreline - Jash Hamad, Palm Jumeirah: prices, sales and rents →

Other units on the 4th floor

All 108 units in Shoreline - Jash Hamad
Value
4012-bedAED 1.67M · Oct 2012
4023-bedAED 2.25M · Sep 2012
4033-bedAED 1.5M · Jan 2020
4041-bedAED 1.16M · Nov 2012
4052-bedAED 2.08M · Jul 2013
4062-bedAED 1.8M · Oct 2012
4082-bedAED 2.15M · Sep 2015
1–7 of 11

407, Shoreline - Jash Hamad in numbers

  • Sold 4 times: first on 30 December 2012 for AED 1,799,174, last on 7 July 2023 for AED 2,600,000 (AED 1,305 per sqft).
  • Rented since September 2020 on 3 Ejari contracts, from AED 130,000 to AED 155,000 a year.
  • At AED 155,000 a year the gross yield on the 2023 price is 6.0%, before a service charge of about AED 26,600 a year (AED 13.34 per sqft).
  • Two-beds in Shoreline - Jash Hamad sold for AED 3,300,000–4,450,000 in the 12 months to November 2026; the building's median across all types is AED 2,362 per sqft.

Source: Dubai Land Department. Updated 7 July 2023.

Questions about 407, Shoreline - Jash Hamad

What did unit 407 last sell for?

AED 2,600,000 on 7 July 2023: AED 1,305 per sqft for 1,992 sqft. The unit has 4 registered sales; the first was AED 1,799,174 in December 2012.

What is the rent for unit 407?

AED 155,000 a year on the contract renewed on 17 September 2022. The previous contract, from September 2021, was AED 140,000; the unit has been rented since September 2020.

How big is unit 407?

1,992 sqft (185.1 sqm): a two-bedroom apartment on the 4th floor of a 9-storey tower completed in 2007.

What is unit 407 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Shoreline - Jash Hamad sold for AED 3,300,000 to 4,450,000 in the last 12 months, around AED 2,257 per sqft.

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Mortgage on 407, Shoreline - Jash Hamad

Starts from the last sale price (AED 2.6M, 7 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,600,000
Deposit, UAE resident (20%)
AED 520,000
Deposit, non-resident (40%)
AED 1,040,000
Monthly over 25 years at 3.7%
AED 10,637

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