507, Shoreline - Hatmi
Sold prices and rental history: sold twice, last in December 2009, 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 507, Shoreline - Hatmi
What is 507 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 1 September 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 2,012 sqft
- Floor
- 5th of 9
- Parking
- 1B2-49
- Service charge
- AED 29,500 /yr
- Last sold
- AED 2.8M · December 2009
- Building
- Shoreline - Hatmi
About 507, Shoreline - Hatmi
507 is a two-bedroom apartment of 2,012 sqft on the 5th floor of Shoreline - Hatmi, a 9-storey tower in Palm Jumeirah. It last sold on 16 December 2009 for AED 2,800,000, or AED 1,391 per sqft, 141% above the AED 576 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 12 Ejari contracts. The current contract, signed on 1 September 2024, is AED 330,000 a year: a gross yield of 11.8% on the 2009 price, before the service charge of about AED 29,500 a year.
Sales and rents for 507 over time
507 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 507 sits
All 53 2-beds →507 last sold in December 2009 at AED 1,391 per sqft, 141% above what two-beds in Shoreline - Hatmi were fetching at the time (AED 576). 507's AED 330,000 is in the upper half 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 5th floor
All 107 units in Shoreline - Hatmi| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,583 sqft | AED 1.5MAED 1,500,000 · Nov 2015November 2015 | 168,000 /yr | |
| 502 | 3-bed | 2,213 sqft | AED 1.15MAED 1,150,000 · May 2012May 2012 | 165,000 /yr | |
| 503 | 3-bed | 2,159 sqft | AED 3.55MAED 3,550,000 · Mar 2009March 2009 | 245,000 /yr | |
| 504 | 1-bed | 572 sqft | AED 2.1MAED 2,100,000 · Dec 2013December 2013 | 160,000 /yr | |
| 505 | 2-bed | 1,551 sqft | AED 4.75MAED 4,750,000 · May 2024May 2024 | 200,000 /yr | |
| 506 | 2-bed | 2,012 sqft | AED 2.75MAED 2,750,000 · Mar 2021March 2021 | 220,000 /yr | |
| 508 | 2-bed | 1,551 sqft | AED 870KAED 870,000 · May 2009May 2009 | 195,500 /yr | |
| 509 | 1-bed | 1,145 sqft | AED 1.9MAED 1,900,000 · Mar 2018March 2018 | 175,000 /yr | |
| 510 | 3-bed | 2,159 sqft | AED 2.5MAED 2,500,000 · Jul 2013July 2013 | 210,000 /yr | |
| 511 | 3-bed | 2,213 sqft | AED 1.15MAED 1,150,000 · May 2009May 2009 | 265,000 /yr | |
| 512 | 2-bed | 1,583 sqft | AED 1.46MAED 1,455,000 · Dec 2019December 2019 | 102,000 /yr |
507, Shoreline - Hatmi in numbers
- Sold twice: first on 26 April 2009 for AED 1,050,000, last on 16 December 2009 for AED 2,800,000 (AED 1,391 per sqft).
- Rented since January 2013 on 12 Ejari contracts. The rent fell from AED 195,000 to AED 165,000 in 2020 and recovered to AED 330,000 by September 2024.
- At AED 330,000 a year the gross yield on the 2009 price is 11.8%, before a service charge of about AED 29,500 a year (AED 14.68 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 1 September 2024.
Questions about 507, Shoreline - Hatmi
What did unit 507 last sell for?
AED 2,800,000 on 16 December 2009: AED 1,391 per sqft for 2,012 sqft. The unit has 2 registered sales; the first was AED 1,050,000 in April 2009.
What is the rent for unit 507?
AED 330,000 a year on the contract signed on 1 September 2024. The previous contract, from April 2024, was AED 270,000; the unit has been rented since January 2013.
How big is unit 507?
2,012 sqft (186.9 sqm): a two-bedroom apartment on the 5th floor of a 9-storey tower.
What is unit 507 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 507, Shoreline - Hatmi
Starts from the last sale price (AED 2.8M, 16 December 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 2,800,000
- Deposit, UAE resident (20%)
- AED 560,000
- Deposit, non-resident (40%)
- AED 1,120,000
- Monthly over 25 years at 3.7%
- AED 11,456
Plus AED 122,610 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →