3-bed · 2,182 sqftShoreline - Hatmi, Palm Jumeirah · 9th floor

902, 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 902 · DLD and Ejari recordsUpdated 24 February 2024
Last soldAED 1.18M22 March 2009
Current rentAED 225K /yr24 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 902, Shoreline - Hatmi

What is 902 worth today?

Last sold for AED 1,175,000 in 2009

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24 Feb 2024RentedRenewal
AED 225,306/yr12 months · AED 104 per sqft
24 Feb 2023RentedNew contract
AED 230,000/yr12 months · AED 105 per sqft
26 Nov 2020RentedNew contract
AED 120,000/yr12 months · AED 55 per sqft
15 Dec 2019RentedNew contract
AED 132,500/yr12 months · AED 61 per sqft
1 Nov 2018RentedNew contract
AED 145,000/yr12 months · AED 66 per sqft
22 Mar 2009Sold by developerReady
AED 1,175,000AED 538 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 24 February 2024.

Key facts

Type
3-bed apartment
Size
2,182 sqft
Floor
9th of 9
Parking
1B2-110,1B2-111
Service charge
AED 32,000 /yr
Last sold
AED 1.18M · March 2009

About 902, Shoreline - Hatmi

902 is a three-bedroom apartment of 2,182 sqft on the 9th floor of Shoreline - Hatmi, a 9-storey tower in Palm Jumeirah. The developer sold it on 22 March 2009 for AED 1,175,000, or AED 538 per sqft, 10% below the AED 595 three-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, renewed on 24 February 2024, is AED 225,306 a year: a gross yield of 19.2% on the 2009 price, before the service charge of about AED 32,000 a year.

Sales and rents for 902 over time

Sales
Unit 902, 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 1,175,000 (AED 538 per sqft)

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

Rents
Unit 902, each contractTypical three-bed in Shoreline - Hatmi
100K200K300K2012201620202024Typical 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, November 2018: AED 145,000 a yearNew contract, December 2019: AED 132,500 a yearNew contract, November 2020: AED 120,000 a yearNew contract, February 2023: AED 230,000 a yearRenewal, February 2024: AED 225,306 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 902 sits

All 36 3-beds →

902 last sold in March 2009 at AED 538 per sqft, 10% below 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. 902's AED 225,306 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 9th floor

All 107 units in Shoreline - Hatmi
Value
9012-bedAED 2.1M · May 2016
9033-bedAED 1.28M · Mar 2009
9041-bedAED 1.86M · May 2016
9052-bedAED 895K · Mar 2009
9062-bedAED 6.45M · Nov 2024
9072-bedAED 2.8M · Dec 2018
9082-bedAED 2.4M · Feb 2019
1–7 of 11

902, Shoreline - Hatmi in numbers

  • Sold once: by the developer on 22 March 2009 for AED 1,175,000, or AED 538 per sqft.
  • Rented since November 2018 on 5 Ejari contracts. The rent fell from AED 145,000 to AED 120,000 in 2020 and recovered to AED 225,306 by February 2024.
  • At AED 225,306 a year the gross yield on the 2009 price is 19.2%, before a service charge of about AED 32,000 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 24 February 2024.

Questions about 902, Shoreline - Hatmi

What did unit 902 last sell for?

AED 1,175,000 on 22 March 2009, sold by the developer: AED 538 per sqft for 2,182 sqft. It is the only registered sale of the unit.

What is the rent for unit 902?

AED 225,306 a year on the contract renewed on 24 February 2024. The previous contract, from February 2023, was AED 230,000; the unit has been rented since November 2018.

How big is unit 902?

2,182 sqft (202.7 sqm): a three-bedroom apartment on the 9th floor of a 9-storey tower.

What is unit 902 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 902, Shoreline - Hatmi

Starts from the last sale price (AED 1.18M, 22 March 2009). Switch to today's estimate once you have unlocked it.
Price
AED 1,175,000
Deposit, UAE resident (20%)
AED 235,000
Deposit, non-resident (40%)
AED 470,000
Monthly over 25 years at 3.7%
AED 4,807

Plus AED 54,360 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →