3-bed · 2,159 sqftShoreline - Hatmi, Palm Jumeirah · 5th floor

503, Shoreline - Hatmi

Sold prices and rental history: sold once, by the developer in March 2009, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 503 · DLD and Ejari recordsUpdated 5 August 2024
Last soldAED 3.55M22 March 2009
Current rentAED 245K /yr5 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 503, Shoreline - Hatmi

What is 503 worth today?

Last sold for AED 3,550,000 in 2009

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5 Aug 2024RentedRenewal
AED 245,000/yr12 months · AED 113 per sqft
5 Aug 2023RentedNew contract
AED 230,000/yr12 months · AED 106 per sqft
17 Jul 2022RentedRenewal
AED 154,000/yr12 months · AED 71 per sqft
17 Jul 2020RentedNew contract
AED 140,000/yr12 months · AED 65 per sqft
20 May 2019RentedRenewal
AED 165,000/yr12 months · AED 76 per sqft
20 May 2018RentedNew contract
AED 170,000/yr12 months · AED 79 per sqft
22 Mar 2009Sold by developerReady
AED 3,550,000AED 1,644 per sqft

Source: Dubai Land Department. Updated 5 August 2024.

Key facts

Type
3-bed apartment
Size
2,159 sqft
Floor
5th of 9
Parking
1B2-62,1B2-63
Service charge
AED 31,700 /yr
Last sold
AED 3.55M · March 2009

About 503, Shoreline - Hatmi

503 is a three-bedroom apartment of 2,159 sqft on the 5th floor of Shoreline - Hatmi, a 9-storey tower in Palm Jumeirah. The developer sold it on 22 March 2009 for AED 3,550,000, or AED 1,644 per sqft, 176% above the AED 595 three-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, renewed on 5 August 2024, is AED 245,000 a year: a gross yield of 6.9% on the 2009 price, before the service charge of about AED 31,700 a year.

Sales and rents for 503 over time

Sales
Unit 503, 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, March 2009: AED 3,550,000 (AED 1,644 per sqft)

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

Rents
Unit 503, 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, May 2018: AED 170,000 a yearRenewal, May 2019: AED 165,000 a yearNew contract, July 2020: AED 140,000 a yearRenewal, July 2022: AED 154,000 a yearNew contract, August 2023: AED 230,000 a yearRenewal, August 2024: AED 245,000 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 503 sits

All 36 3-beds →

503 last sold in March 2009 at AED 1,644 per sqft, 176% above what three-beds in Shoreline - Hatmi were fetching at the time (AED 595). 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. 503's AED 245,000 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 5th floor

All 107 units in Shoreline - Hatmi
Value
5012-bedAED 1.5M · Nov 2015
5023-bedAED 1.15M · May 2012
5041-bedAED 2.1M · Dec 2013
5052-bedAED 4.75M · May 2024
5062-bedAED 2.75M · Mar 2021
5072-bedAED 2.8M · Dec 2009
5082-bedAED 870K · May 2009
1–7 of 11

503, Shoreline - Hatmi in numbers

  • Sold once: by the developer on 22 March 2009 for AED 3,550,000, or AED 1,644 per sqft.
  • Rented since May 2018 on 6 Ejari contracts. The rent fell from AED 170,000 to AED 140,000 in 2020 and recovered to AED 245,000 by August 2024.
  • At AED 245,000 a year the gross yield on the 2009 price is 6.9%, 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: Dubai Land Department. Updated 5 August 2024.

Questions about 503, Shoreline - Hatmi

What did unit 503 last sell for?

AED 3,550,000 on 22 March 2009, sold by the developer: AED 1,644 per sqft for 2,159 sqft. It is the only registered sale of the unit.

What is the rent for unit 503?

AED 245,000 a year on the contract renewed on 5 August 2024. The previous contract, from August 2023, was AED 230,000; the unit has been rented since May 2018.

How big is unit 503?

2,159 sqft (200.6 sqm): a three-bedroom apartment on the 5th floor of a 9-storey tower.

What is unit 503 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 503, Shoreline - Hatmi

Starts from the last sale price (AED 3.55M, 22 March 2009). Switch to today's estimate once you have unlocked it.
Price
AED 3,550,000
Deposit, UAE resident (20%)
AED 710,000
Deposit, non-resident (40%)
AED 1,420,000
Monthly over 25 years at 3.7%
AED 14,524

Plus AED 154,110 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →