3-bed · 2,200 sqftShoreline - Hatmi, Palm Jumeirah · 2nd floor

202, Shoreline - Hatmi

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

Unit 202 · DLD and Ejari recordsUpdated 23 December 2022
Last soldAED 1.15M29 April 2009
Current rentAED 174K /yr23 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 202, Shoreline - Hatmi

What is 202 worth today?

Last sold for AED 1,150,000 in 2009

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23 Dec 2022RentedRenewal
AED 173,538/yr13 months · AED 79 per sqft
23 Dec 2021RentedNew contract
AED 165,000/yr12 months · AED 75 per sqft
15 Nov 2020RentedRenewal
AED 130,000/yr12 months · AED 59 per sqft
15 Nov 2018RentedNew contract
AED 140,000/yr12 months · AED 64 per sqft
28 Aug 2017RentedRenewal
AED 190,000/yr12 months · AED 87 per sqft
28 Aug 2016RentedRenewal
AED 205,000/yr12 months · AED 93 per sqft
1 Jun 2015RentedNew contract
AED 210,000/yr12 months · AED 96 per sqft
1 Jun 2014RentedNew contract
AED 210,000/yr12 months · AED 96 per sqft

Source: Dubai Land Department. Updated 23 December 2022.

Key facts

Type
3-bed apartment
Size
2,200 sqft
Floor
2nd of 9
Parking
1B2-53,1B2-54
Service charge
AED 32,300 /yr
Last sold
AED 1.15M · April 2009

About 202, Shoreline - Hatmi

202 is a three-bedroom apartment of 2,200 sqft on the 2nd floor of Shoreline - Hatmi, a 9-storey tower in Palm Jumeirah. The developer sold it on 29 April 2009 for AED 1,150,000, or AED 522 per sqft, 11% below the AED 584 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, renewed on 23 December 2022, is AED 173,538 a year: a gross yield of 15.1% on the 2009 price, before the service charge of about AED 32,300 a year.

Sales and rents for 202 over time

Sales
Unit 202, each saleTypical three-bed in Shoreline - Hatmi
2M4M2009201320172021Typical sale price by year: 2009 AED 1,262,500; 2010 AED 2,200,000; 2011 AED 2,150,000; 2012 AED 2,400,000; 2013 AED 1,650,000; 2016 AED 2,890,000; 2021 AED 2,300,000; 2022 AED 3,215,000; 2023 AED 3,900,000Sold by developer, April 2009: AED 1,150,000 (AED 522 per sqft)

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

Rents
Unit 202, each contractTypical three-bed in Shoreline - Hatmi
100K200K300K2012201620202024Typical rent by year: 2012 AED 195,000; 2013 AED 185,000; 2014 AED 205,275; 2015 AED 205,330; 2016 AED 197,500; 2017 AED 195,000; 2018 AED 164,500; 2019 AED 155,000; 2020 AED 140,000; 2021 AED 148,500; 2022 AED 167,500; 2023 AED 230,000; 2024 AED 255,000; 2025 AED 280,000; 2026 AED 300,000New contract, May 2013: AED 190,000 a yearNew contract, June 2014: AED 210,000 a yearNew contract, June 2015: AED 210,000 a yearRenewal, August 2016: AED 205,000 a yearRenewal, August 2017: AED 190,000 a yearNew contract, November 2018: AED 140,000 a yearRenewal, November 2020: AED 130,000 a yearNew contract, December 2021: AED 165,000 a yearRenewal, December 2022: AED 173,538 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 202 sits

All 36 3-beds →

202 last sold in April 2009 at AED 522 per sqft, 11% below what three-beds in Shoreline - Hatmi were fetching at the time (AED 584). Over the last 12 months three-beds sold for AED 5,900,000, around AED 2,666 per sqft, and rent for AED 259,000 to 375,000 a year. 202's AED 173,538 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
14 Jan 20265,900,000
20 Mar 20256,500,000
30 Dec 20245,350,000
15 May 20234,000,000
1 3-bed sale in the last 12 months

Shoreline - Hatmi

Building

107 apartments, 1-bed to 4-bed over 9 floors in Palm Jumeirah. 2 sold in the last 12 months.

Typical price per sqft
AED 3,015
Typical sale
AED 4.88M
Typical rent
AED 300K /yr
Typical yield
4.5%
Shoreline - Hatmi, Palm Jumeirah: prices, sales and rents →

Other units on the 2nd floor

All 107 units in Shoreline - Hatmi
Value
2012-bedAED 3.74M · Oct 2024
2033-bedAED 2.5M · Nov 2021
2041-bedAED 1.65M · May 2013
2052-bedAED 3M · Jul 2022
2062-bedAED 2.9M · Mar 2012
2072-bedAED 2.17M · Apr 2019
2082-bedAED 2.6M · Jul 2012
1–7 of 11

202, Shoreline - Hatmi in numbers

  • Sold once: by the developer on 29 April 2009 for AED 1,150,000, or AED 522 per sqft.
  • Rented since May 2013 on 9 Ejari contracts. The rent fell from AED 190,000 to AED 130,000 in 2020 and recovered to AED 173,538 by December 2022.
  • At AED 173,538 a year the gross yield on the 2009 price is 15.1%, before a service charge of about AED 32,300 a year (AED 14.68 per sqft).
  • Three-beds in Shoreline - Hatmi sold for AED 5,900,000–5,900,000 in the 12 months to November 2026; the building's median across all types is AED 3,015 per sqft.

Source: Dubai Land Department. Updated 23 December 2022.

Questions about 202, Shoreline - Hatmi

What did unit 202 last sell for?

AED 1,150,000 on 29 April 2009, sold by the developer: AED 522 per sqft for 2,200 sqft. It is the only registered sale of the unit.

What is the rent for unit 202?

AED 173,538 a year on the contract renewed on 23 December 2022. The previous contract, from December 2021, was AED 165,000; the unit has been rented since May 2013.

How big is unit 202?

2,200 sqft (204.4 sqm): a three-bedroom apartment on the 2nd floor of a 9-storey tower.

What is unit 202 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 5,900,000 to 5,900,000 in the last 12 months, around AED 2,666 per sqft.

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Mortgage on 202, Shoreline - Hatmi

Starts from the last sale price (AED 1.15M, 29 April 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 AED 53,310 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →