2-bed · 1,551 sqftShoreline - Hatmi, Palm Jumeirah · 6th floor

608, Shoreline - Hatmi

Sold prices and rental history: sold 3 times, last in July 2012, and rented continuously since 2011. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 608 · DLD and Ejari recordsUpdated 1 August 2024
Last soldAED 2.83M24 July 2012
Current rentAED 170K /yr1 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 608, Shoreline - Hatmi

What is 608 worth today?

Last sold for AED 2,825,000 in 2012

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1 Aug 2024RentedRenewal
AED 170,000/yr12 months · AED 110 per sqft
1 Aug 2022RentedRenewal
AED 136,500/yr12 months · AED 88 per sqft
1 Aug 2021RentedRenewal
AED 130,000/yr12 months · AED 84 per sqft
1 Aug 2020RentedRenewal
AED 125,000/yr12 months · AED 81 per sqft
28 Apr 2018RentedRenewal
AED 160,000/yr12 months · AED 103 per sqft
11 Oct 2015RentedRenewal
AED 200,557/yr12 months · AED 129 per sqft
11 Oct 2014RentedNew contract
AED 200,000/yr12 months · AED 129 per sqft
10 Sep 2013RentedNew contract
AED 170,000/yr12 months · AED 110 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 August 2024.

Key facts

Type
2-bed apartment
Size
1,551 sqft
Floor
6th of 9
Parking
1B2-98
Service charge
AED 22,800 /yr
Last sold
AED 2.83M · July 2012

About 608, Shoreline - Hatmi

608 is a two-bedroom apartment of 1,551 sqft on the 6th floor of Shoreline - Hatmi, a 9-storey tower in Palm Jumeirah. It last sold on 24 July 2012 for AED 2,825,000, or AED 1,821 per sqft, 25% above the AED 1,452 two-beds in the building were fetching at the time.

It has been rented continuously since 2011 on 9 Ejari contracts. The current contract, renewed on 1 August 2024, is AED 170,000 a year: a gross yield of 6.0% on the 2012 price, before the service charge of about AED 22,800 a year.

Sales and rents for 608 over time

Sales
Unit 608, each saleTypical two-bed in Shoreline - Hatmi
2M4M20092013201720212025Typical sale price by year: 2009 AED 1,050,000; 2010 AED 1,050,000; 2011 AED 2,525,000; 2012 AED 2,147,500; 2013 AED 2,450,000; 2014 AED 2,350,000; 2015 AED 1,600,000; 2016 AED 2,450,000; 2017 AED 3,400,000; 2018 AED 2,200,000; 2019 AED 2,170,000; 2022 AED 2,152,000; 2024 AED 4,335,000Sold by developer, March 2009: AED 895,000 (AED 577 per sqft)Sold, March 2012: AED 2,450,000 (AED 1,579 per sqft)Sold, July 2012: AED 2,825,000 (AED 1,821 per sqft)

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

Rents
Unit 608, each contractTypical two-bed in Shoreline - Hatmi
150K200K250K2011201520192023Typical rent by year: 2012 AED 165,000; 2013 AED 169,000; 2014 AED 176,000; 2015 AED 189,000; 2016 AED 175,000; 2017 AED 175,000; 2018 AED 165,000; 2019 AED 160,000; 2020 AED 125,000; 2021 AED 130,000; 2022 AED 145,000; 2023 AED 175,000; 2024 AED 235,000; 2025 AED 200,000New contract, June 2011: AED 165,000 a yearNew contract, September 2013: AED 170,000 a yearNew contract, October 2014: AED 200,000 a yearRenewal, October 2015: AED 200,557 a yearRenewal, April 2018: AED 160,000 a yearRenewal, August 2020: AED 125,000 a yearRenewal, August 2021: AED 130,000 a yearRenewal, August 2022: AED 136,500 a yearRenewal, August 2024: AED 170,000 a year

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 608 sits

All 53 2-beds →

608 last sold in July 2012 at AED 1,821 per sqft, 25% above what two-beds in Shoreline - Hatmi were fetching at the time (AED 1,452). 608's AED 170,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
5 May 20253,940,000
24 Apr 20254,700,000
11 Nov 20246,450,000
11 Oct 20243,740,000
0 2-bed sales 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 6th floor

All 107 units in Shoreline - Hatmi
Value
6012-bedAED 2.62M · Dec 2014
6023-bedAED 2.6M · Nov 2012
6033-bedAED 2.25M · Nov 2020
6041-bedAED 2.05M · Nov 2017
6052-bedAED 4.49M · Jun 2009
6062-bedAED 3.4M · May 2017
6072-bedAED 4M · Jun 2015
1–7 of 11

608, Shoreline - Hatmi in numbers

  • Sold 3 times: first on 22 March 2009 for AED 895,000, last on 24 July 2012 for AED 2,825,000 (AED 1,821 per sqft).
  • Rented since June 2011 on 9 Ejari contracts. The rent fell from AED 165,000 to AED 125,000 in 2020 and recovered to AED 170,000 by August 2024.
  • At AED 170,000 a year the gross yield on the 2012 price is 6.0%, 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 August 2024.

Questions about 608, Shoreline - Hatmi

What did unit 608 last sell for?

AED 2,825,000 on 24 July 2012: AED 1,821 per sqft for 1,551 sqft. The unit has 3 registered sales; the first was AED 895,000 in March 2009.

What is the rent for unit 608?

AED 170,000 a year on the contract renewed on 1 August 2024. The previous contract, from August 2022, was AED 136,500; the unit has been rented since June 2011.

How big is unit 608?

1,551 sqft (144.1 sqm): a two-bedroom apartment on the 6th floor of a 9-storey tower.

What is unit 608 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 608, Shoreline - Hatmi

Starts from the last sale price (AED 2.83M, 24 July 2012). Switch to today's estimate once you have unlocked it.
Price
AED 2,825,000
Deposit, UAE resident (20%)
AED 565,000
Deposit, non-resident (40%)
AED 1,130,000
Monthly over 25 years at 3.7%
AED 11,558

Plus AED 123,660 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →