3-bed · 2,159 sqftShoreline - Hatmi, Palm Jumeirah · 3rd floor

303, Shoreline - Hatmi

Sold prices and rental history: sold once, by the developer in April 2009, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 303 · DLD and Ejari recordsUpdated 27 October 2016
Last soldAED 1.25M26 April 2009
Current rentAED 195K /yr27 October 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 303, Shoreline - Hatmi

What is 303 worth today?

Last sold for AED 1,250,000 in 2009

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27 Oct 2016RentedRenewal
AED 195,000/yr12 months · AED 90 per sqft
27 Oct 2015RentedNew contract
AED 195,000/yr12 months · AED 90 per sqft
1 Aug 2015RentedRenewal
AED 189,750/yr2 months · AED 88 per sqft
1 Aug 2014RentedRenewal
AED 189,750/yr12 months · AED 88 per sqft
26 Apr 2009Sold by developerReady
AED 1,250,000AED 578 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 27 October 2016.

Key facts

Type
3-bed apartment
Size
2,159 sqft
Floor
3rd of 9
Parking
1B2-50,1B2-51
Service charge
AED 31,700 /yr
Last sold
AED 1.25M · April 2009

About 303, Shoreline - Hatmi

303 is a three-bedroom apartment of 2,159 sqft on the 3rd floor of Shoreline - Hatmi, a 9-storey tower in Palm Jumeirah. The developer sold it on 26 April 2009 for AED 1,250,000, or AED 578 per sqft, in line with the AED 590 three-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 4 Ejari contracts. The current contract, renewed on 27 October 2016, is AED 195,000 a year: a gross yield of 15.6% on the 2009 price, before the service charge of about AED 31,700 a year.

Sales and rents for 303 over time

Sales
Unit 303, 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 1,250,000 (AED 578 per sqft)

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

Rents
Unit 303, each contractTypical three-bed in Shoreline - Hatmi
200K300K2012201620202024Typical 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 300,000Renewal, August 2014: AED 189,750 a yearRenewal, August 2015: AED 189,750 a yearNew contract, October 2015: AED 195,000 a yearRenewal, October 2016: AED 195,000 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 303 sits

All 36 3-beds →

303 last sold in April 2009 at AED 578 per sqft, in line with what three-beds in Shoreline - Hatmi were fetching at the time (AED 590). 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. 303's AED 195,000 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 3rd floor

All 107 units in Shoreline - Hatmi
Value
3012-bedAED 2.1M · Jul 2022
3023-bedAED 1.15M · May 2012
3041-bedAED 2.45M · May 2022
3052-bedAED 2.2M · Dec 2020
3062-bedAED 1.05M · Mar 2009
3072-bedAED 4.85M · Sep 2022
3082-bedAED 3.1M · Nov 2016
1–7 of 11

303, Shoreline - Hatmi in numbers

  • Sold once: by the developer on 26 April 2009 for AED 1,250,000, or AED 578 per sqft.
  • Rented since August 2014 on 4 Ejari contracts, from AED 189,750 to AED 195,000 a year.
  • At AED 195,000 a year the gross yield on the 2009 price is 15.6%, before a service charge of about AED 31,700 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: YallaValue analysis of Dubai Land Department records. Updated 27 October 2016.

Questions about 303, Shoreline - Hatmi

What did unit 303 last sell for?

AED 1,250,000 on 26 April 2009, sold by the developer: AED 578 per sqft for 2,159 sqft. It is the only registered sale of the unit.

What is the rent for unit 303?

AED 195,000 a year on the contract renewed on 27 October 2016. The previous contract, from October 2015, was AED 195,000; the unit has been rented since August 2014.

How big is unit 303?

2,159 sqft (200.6 sqm): a three-bedroom apartment on the 3rd floor of a 9-storey tower.

What is unit 303 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 303, Shoreline - Hatmi

Starts from the last sale price (AED 1.25M, 26 April 2009). Switch to today's estimate once you have unlocked it.
Price
AED 1,250,000
Deposit, UAE resident (20%)
AED 250,000
Deposit, non-resident (40%)
AED 500,000
Monthly over 25 years at 3.7%
AED 5,114

Plus AED 57,510 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →