3-bed · 2,213 sqftShoreline - Hatmi, Palm Jumeirah · 3rd floor

311, Shoreline - Hatmi

Sold prices and rental history: sold 3 times, last in November 2022, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 311 · DLD and Ejari recordsUpdated 3 November 2022
Last soldAED 3.85M3 November 2022
Current rentAED 132K /yr20 October 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 311, Shoreline - Hatmi

What is 311 worth today?

Last sold for AED 3,850,000 in 2022

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3 Nov 2022SoldReady
AED 3,850,000AED 1,740 per sqft
21 Jan 2022SoldReady
AED 2,600,000AED 1,175 per sqft
20 Oct 2021RentedRenewal
AED 132,000/yr12 months · AED 60 per sqft
20 Oct 2019RentedRenewal
AED 140,000/yr12 months · AED 63 per sqft
20 Oct 2018RentedNew contract
AED 140,000/yr12 months · AED 63 per sqft
1 Sep 2017RentedRenewal
AED 170,000/yr12 months · AED 77 per sqft
14 Aug 2016RentedNew contract
AED 171,692/yr13 months · AED 77 per sqft
13 Aug 2015RentedNew contract
AED 220,624/yr12 months · AED 99 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 3 November 2022.

Key facts

Type
3-bed apartment
Size
2,213 sqft
Floor
3rd of 9
Parking
1B2-148,1B2-149
Service charge
AED 32,500 /yr
Last sold
AED 3.85M · November 2022

About 311, Shoreline - Hatmi

311 is a three-bedroom apartment of 2,213 sqft on the 3rd floor of Shoreline - Hatmi, a 9-storey tower in Palm Jumeirah. It last sold on 3 November 2022 for AED 3,850,000, or AED 1,740 per sqft, 34% above the AED 1,295 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, renewed on 20 October 2021, is AED 132,000 a year: a gross yield of 3.4% on the 2022 price, before the service charge of about AED 32,500 a year.

Sales and rents for 311 over time

Sales
Unit 311, 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, December 2011: AED 1,150,000 (AED 519 per sqft)Sold, January 2022: AED 2,600,000 (AED 1,175 per sqft)Sold, November 2022: AED 3,850,000 (AED 1,740 per sqft)

311 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 311, 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 300,000New contract, August 2013: AED 196,022 a yearRenewal, August 2014: AED 215,624 a yearNew contract, August 2015: AED 220,624 a yearNew contract, August 2016: AED 171,692 a yearRenewal, September 2017: AED 170,000 a yearNew contract, October 2018: AED 140,000 a yearRenewal, October 2019: AED 140,000 a yearRenewal, October 2021: AED 132,000 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 311 sits

All 36 3-beds →

311 last sold in November 2022 at AED 1,740 per sqft, 34% above what three-beds in Shoreline - Hatmi were fetching at the time (AED 1,295). 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. 311's AED 132,000 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
3033-bedAED 1.25M · Apr 2009
3041-bedAED 2.45M · May 2022
3052-bedAED 2.2M · Dec 2020
3062-bedAED 1.05M · Mar 2009
3072-bedAED 4.85M · Sep 2022
1–7 of 11

311, Shoreline - Hatmi in numbers

  • Sold 3 times: first on 28 December 2011 for AED 1,150,000, last on 3 November 2022 for AED 3,850,000 (AED 1,740 per sqft).
  • Rented since August 2013 on 8 Ejari contracts, from AED 196,022 to AED 132,000 a year.
  • At AED 132,000 a year the gross yield on the 2022 price is 3.4%, before a service charge of about AED 32,500 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 3 November 2022.

Questions about 311, Shoreline - Hatmi

What did unit 311 last sell for?

AED 3,850,000 on 3 November 2022: AED 1,740 per sqft for 2,213 sqft. The unit has 3 registered sales; the first was AED 1,150,000 in December 2011.

What is the rent for unit 311?

AED 132,000 a year on the contract renewed on 20 October 2021. The previous contract, from October 2019, was AED 140,000; the unit has been rented since August 2013.

How big is unit 311?

2,213 sqft (205.6 sqm): a three-bedroom apartment on the 3rd floor of a 9-storey tower.

What is unit 311 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 311, Shoreline - Hatmi

Starts from the last sale price (AED 3.85M, 3 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 3,850,000
Deposit, UAE resident (20%)
AED 770,000
Deposit, non-resident (40%)
AED 1,540,000
Monthly over 25 years at 3.7%
AED 15,752

Plus AED 166,710 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →