408, Shoreline - Hatmi
Sold prices and rental history: sold twice, last in August 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 408, Shoreline - Hatmi
What is 408 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 1 April 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,551 sqft
- Floor
- 4th of 9
- Parking
- 1B2-70
- Service charge
- AED 22,800 /yr
- Last sold
- AED 4.5M · August 2023
- Building
- Shoreline - Hatmi
About 408, Shoreline - Hatmi
408 is a two-bedroom apartment of 1,551 sqft on the 4th floor of Shoreline - Hatmi, a 9-storey tower in Palm Jumeirah. It last sold on 31 August 2023 for AED 4,500,000, or AED 2,901 per sqft, 100% above the AED 1,450 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, signed on 1 April 2024, is AED 410,000 a year: a gross yield of 9.1% on the 2023 price, before the service charge of about AED 22,800 a year.
Sales and rents for 408 over time
408 has sold twice; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Shoreline - Hatmi, and where 408 sits
All 53 2-beds →408 last sold in August 2023 at AED 2,901 per sqft, 100% above what two-beds in Shoreline - Hatmi were fetching at the time (AED 1,450). 408's AED 410,000 is at the top of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 5 May 20255 May 2025 | 1,586 sqft | 3,940,000 | 2,484 | ||
| 24 Apr 202524 April 2025 | 1,551 sqft | 4,700,000 | 3,030 | ||
| 11 Nov 202411 November 2024 | 1,994 sqft | 6,450,000 | 3,235 | ||
| 11 Oct 202411 October 2024 | 1,586 sqft | 3,740,000 | 2,358 |
Shoreline - Hatmi
Building107 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%
Other units on the 4th floor
All 107 units in Shoreline - Hatmi| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 2-bed | 1,586 sqft | AED 1.9MAED 1,900,000 · Mar 2022March 2022 | 197,400 /yr | |
| 402 | 3-bed | 2,213 sqft | AED 2.6MAED 2,600,000 · Apr 2009April 2009 | 145,000 /yr | |
| 403 | 3-bed | 2,159 sqft | AED 2.6MAED 2,600,000 · Dec 2010December 2010 | 259,000 /yr | |
| 404 | 1-bed | 1,145 sqft | AED 1.28MAED 1,280,000 · Nov 2020November 2020 | 150,000 /yr | |
| 405 | 2-bed | 1,551 sqft | AED 4.67MAED 4,670,000 · Feb 2024February 2024 | 240,000 /yr | |
| 406 | 2-bed | 1,997 sqft | AED 3.7MAED 3,700,000 · Apr 2019April 2019 | 237,000 /yr | |
| 407 | 2-bed | 1,997 sqft | AED 3.25MAED 3,250,000 · Apr 2018April 2018 | 190,000 /yr | |
| 409 | 1-bed | 1,145 sqft | AED 660KAED 660,000 · May 2009May 2009 | ||
| 410 | 3-bed | 2,159 sqft | AED 2.9MAED 2,900,000 · May 2021May 2021 | 330,000 /yr | |
| 411 | 3-bed | 2,213 sqft | AED 5.9MAED 5,900,000 · Jan 2026January 2026 | 176,070 /yr | |
| 412 | 2-bed | 1,586 sqft | AED 1.83MAED 1,825,000 · Dec 2021December 2021 | 160,478 /yr |
408, Shoreline - Hatmi in numbers
- Sold twice: first on 26 April 2009 for AED 870,000, last on 31 August 2023 for AED 4,500,000 (AED 2,901 per sqft).
- Rented since May 2013 on 10 Ejari contracts. The rent fell from AED 165,000 to AED 120,000 in 2020 and recovered to AED 410,000 by April 2024.
- At AED 410,000 a year the gross yield on the 2023 price is 9.1%, before a service charge of about AED 22,800 a year (AED 14.68 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 1 April 2024.
Questions about 408, Shoreline - Hatmi
What did unit 408 last sell for?
AED 4,500,000 on 31 August 2023: AED 2,901 per sqft for 1,551 sqft. The unit has 2 registered sales; the first was AED 870,000 in April 2009.
What is the rent for unit 408?
AED 410,000 a year on the contract signed on 1 April 2024. The previous contract, from August 2022, was AED 126,000; the unit has been rented since May 2013.
How big is unit 408?
1,551 sqft (144.1 sqm): a two-bedroom apartment on the 4th floor of a 9-storey tower.
What is unit 408 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 408, Shoreline - Hatmi
Starts from the last sale price (AED 4.5M, 31 August 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 4,500,000
- Deposit, UAE resident (20%)
- AED 900,000
- Deposit, non-resident (40%)
- AED 1,800,000
- Monthly over 25 years at 3.7%
- AED 18,411
Plus AED 194,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →