2-bed · 1,551 sqftShoreline - Hamri, Palm Jumeirah · 3rd floor · completed 2007

308, Shoreline - Hamri

Sold prices and rental history: sold twice, last in November 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 308 · DLD and Ejari recordsUpdated 1 November 2023
Last soldAED 2.95M1 November 2023
Current rentAED 127K /yr15 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 308, Shoreline - Hamri

What is 308 worth today?

Last sold for AED 2,950,000 in 2023

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1 Nov 2023SoldReady
AED 2,950,000AED 1,902 per sqft
15 Sep 2022RentedNew contract
AED 127,000/yr12 months · AED 82 per sqft
15 Sep 2021RentedNew contract
AED 115,000/yr12 months · AED 74 per sqft
8 Oct 2020RentedNew contract
AED 82,000/yr12 months · AED 53 per sqft
12 Aug 2019RentedRenewal
AED 110,000/yr12 months · AED 71 per sqft
12 Aug 2018RentedNew contract
AED 110,000/yr12 months · AED 71 per sqft
14 Oct 2016RentedRenewal
AED 155,000/yr12 months · AED 100 per sqft
15 Oct 2014RentedNew contract
AED 160,000/yr12 months · AED 103 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 November 2023.

Key facts

Type
2-bed apartment
Size
1,551 sqft
Floor
3rd of 9
Parking
B2-155
Developer
Nakheel
Completed
2007
Service charge
AED 23,300 /yr
Last sold
AED 2.95M · November 2023

About 308, Shoreline - Hamri

308 is a two-bedroom apartment of 1,551 sqft on the 3rd floor of Shoreline - Hamri, a 9-storey tower in Palm Jumeirah completed in 2007 by Nakheel. It last sold on 1 November 2023 for AED 2,950,000, or AED 1,902 per sqft, 24% above the AED 1,538 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, signed on 15 September 2022, is AED 127,000 a year: a gross yield of 4.3% on the 2023 price, before the service charge of about AED 23,300 a year.

Sales and rents for 308 over time

Sales
Unit 308, each saleTypical two-bed in Shoreline - Hamri
2M4M2009201420192024Typical sale price by year: 2009 AED 825,000; 2010 AED 1,400,000; 2011 AED 1,175,000; 2012 AED 1,800,000; 2013 AED 1,925,000; 2014 AED 1,825,000; 2016 AED 1,912,500; 2018 AED 1,800,000; 2020 AED 1,425,000; 2021 AED 1,775,000; 2022 AED 2,050,000; 2023 AED 2,800,000; 2024 AED 2,650,000; 2025 AED 4,400,000Sold, November 2023: AED 2,950,000 (AED 1,902 per sqft)

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

Rents
Unit 308, each contractTypical two-bed in Shoreline - Hamri
100K150K2012201620202024Typical rent by year: 2012 AED 122,500; 2013 AED 130,000; 2014 AED 160,000; 2015 AED 155,000; 2016 AED 153,500; 2017 AED 145,000; 2018 AED 130,000; 2019 AED 120,000; 2020 AED 100,000; 2021 AED 109,250; 2022 AED 120,000; 2023 AED 145,000; 2024 AED 170,000; 2025 AED 172,200New contract, October 2013: AED 145,000 a yearNew contract, October 2014: AED 160,000 a yearRenewal, October 2016: AED 155,000 a yearNew contract, August 2018: AED 110,000 a yearRenewal, August 2019: AED 110,000 a yearNew contract, October 2020: AED 82,000 a yearNew contract, September 2021: AED 115,000 a yearNew contract, September 2022: AED 127,000 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 - Hamri, and where 308 sits

All 53 2-beds →

308 last sold in November 2023 at AED 1,902 per sqft, 24% above what two-beds in Shoreline - Hamri were fetching at the time (AED 1,538). Over the last 12 months two-beds sold for AED 4,600,000, around AED 2,302 per sqft, and rent for AED 152,000 to 220,000 a year. 308's AED 127,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
30 Dec 20254,600,000
15 Apr 20254,100,000
12 Mar 20254,400,000
18 Dec 20242,650,000
1 2-bed sale in the last 12 months

Shoreline - Hamri

Building

108 apartments, 1-bed to 4-bed over 9 floors in Palm Jumeirah, completed in 2007 by Nakheel. 2 sold in the last 12 months.

Typical price per sqft
AED 2,457
Typical sale
AED 5.2M
Typical rent
AED 160K /yr
Typical yield
5.0%
Shoreline - Hamri, Palm Jumeirah: prices, sales and rents →

Other units on the 3rd floor

All 108 units in Shoreline - Hamri
Value
3012-bedAED 1.36M · Apr 2021
3023-bedAED 3.65M · May 2023
3033-bedAED 2.6M · Sep 2016
3041-bedAED 1.67M · Dec 2017
3052-bedAED 3.4M · Apr 2009
3062-bedAED 2.4M · Feb 2014
3072-bedAED 2.82M · Sep 2023
1–7 of 11

308, Shoreline - Hamri in numbers

  • Sold twice: first on 16 April 2009 for AED 395,000, last on 1 November 2023 for AED 2,950,000 (AED 1,902 per sqft).
  • Rented since October 2013 on 8 Ejari contracts. The rent fell from AED 145,000 to AED 82,000 in 2020 and recovered to AED 127,000 by September 2022.
  • At AED 127,000 a year the gross yield on the 2023 price is 4.3%, before a service charge of about AED 23,300 a year (AED 15.01 per sqft).
  • Two-beds in Shoreline - Hamri sold for AED 4,600,000–4,600,000 in the 12 months to November 2026; the building's median across all types is AED 2,457 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 1 November 2023.

Questions about 308, Shoreline - Hamri

What did unit 308 last sell for?

AED 2,950,000 on 1 November 2023: AED 1,902 per sqft for 1,551 sqft. The unit has 2 registered sales; the first was AED 395,000 in April 2009.

What is the rent for unit 308?

AED 127,000 a year on the contract signed on 15 September 2022. The previous contract, from September 2021, was AED 115,000; the unit has been rented since October 2013.

How big is unit 308?

1,551 sqft (144.1 sqm): a two-bedroom apartment on the 3rd floor of a 9-storey tower completed in 2007.

What is unit 308 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Shoreline - Hamri sold for AED 4,600,000 to 4,600,000 in the last 12 months, around AED 2,302 per sqft.

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Mortgage on 308, Shoreline - Hamri

Starts from the last sale price (AED 2.95M, 1 November 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,950,000
Deposit, UAE resident (20%)
AED 590,000
Deposit, non-resident (40%)
AED 1,180,000
Monthly over 25 years at 3.7%
AED 12,069

Plus AED 128,910 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →