1308, Golden Mile 01
Sold prices and rental history: sold 3 times, last in November 2023, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1308, Golden Mile 01
What is 1308 worth today?
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Source: Dubai Land Department. Updated 3 November 2023.
Key facts
- Type
- 3-bed apartment
- Size
- 3,329 sqft
- Floor
- 3rd of 7
- Parking
- Building 1-B3-76
- Developer
- Souq Residences
- Completed
- 2009
- Service charge
- AED 51,600 /yr
- Last sold
- AED 5M · November 2023
- Building
- Golden Mile 01
About 1308, Golden Mile 01
1308 is a three-bedroom apartment of 3,329 sqft on the 3rd floor of Golden Mile 01, a 7-storey tower in Palm Jumeirah completed in 2009 by Souq Residences. It last sold on 3 November 2023 for AED 5,000,000, or AED 1,502 per sqft, 7% above the AED 1,404 three-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, renewed on 27 September 2022, is AED 161,572 a year: a gross yield of 3.2% on the 2023 price, before the service charge of about AED 51,600 a year.
Sales and rents for 1308 over time
1308 has sold 3 times; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Golden Mile 01, and where 1308 sits
All 19 3-beds →1308 last sold in November 2023 at AED 1,502 per sqft, 7% above what three-beds in Golden Mile 01 were fetching at the time (AED 1,404). Over the last 12 months three-beds sold for AED 4,900,000, around AED 1,367 per sqft, and rent for AED 80,000 to 364,017 a year. 1308's AED 161,572 is in the lower half of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 13 Mar 202613 March 2026 | 3,583 sqft | 4,900,000 | 1,367 | ||
| 4 Nov 20254 November 2025 | 3,583 sqft | 5,200,000 | 1,451 | ||
| 24 Jun 202524 June 2025 | 3,329 sqft | 5,200,000 | 1,562 | ||
| 31 Oct 202431 October 2024 | 3,706 sqft | 4,600,000 | 1,241 |
Golden Mile 01
Building85 apartments, 1-bed to 3-bed over 7 floors in Palm Jumeirah, completed in 2009 by Souq Residences. 5 sold in the last 12 months.
- Typical price per sqft
- AED 2,014
- Typical sale
- AED 4M
- Typical rent
- AED 165K /yr
- Typical yield
- 4.4%
Other units on the 3rd floor
All 85 units in Golden Mile 01| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1301 | 1-bed | 1,304 sqft | AED 1.08MAED 1,080,000 · Apr 2012April 2012 | 135,000 /yr | |
| 1302 | 2-bed | 1,799 sqft | AED 1.25MAED 1,250,000 · May 2009May 2009 | 188,000 /yr | |
| 1303 | 2-bed | 1,800 sqft | AED 1.25MAED 1,250,000 · May 2016May 2016 | 135,000 /yr | |
| 1304 | 1-bed | 1,307 sqft | AED 1.41MAED 1,410,000 · May 2022May 2022 | 80,000 /yr | |
| 1305 | 2-bed | 1,808 sqft | AED 1.45MAED 1,450,000 · Mar 2011March 2011 | ||
| 1306 | 1-bed | 1,288 sqft | AED 1.73MAED 1,730,000 · Jun 2023June 2023 | 78,750 /yr | |
| 1307 | 2-bed | 1,887 sqft | AED 1.05MAED 1,050,000 · May 2009May 2009 | 148,500 /yr | |
| 1309 | 2-bed | 1,788 sqft | AED 1.55MAED 1,550,000 · Apr 2019April 2019 | 150,000 /yr | |
| 1310 | 2-bed | 1,794 sqft | AED 1.45MAED 1,450,000 · May 2009May 2009 | 210,000 /yr | |
| 1311 | 2-bed | 1,794 sqft | AED 2MAED 2,000,000 · Jun 2022June 2022 | 140,000 /yr | |
| 1312 | 3-bed | 2,421 sqft | AED 3.4MAED 3,400,000 · Mar 2023March 2023 | 150,000 /yr |
1308, Golden Mile 01 in numbers
- Sold 3 times: first on 5 May 2004 for AED 2,050,000, last on 3 November 2023 for AED 5,000,000 (AED 1,502 per sqft).
- Rented since September 2016 on 5 Ejari contracts, from AED 220,000 to AED 161,572 a year.
- At AED 161,572 a year the gross yield on the 2023 price is 3.2%, before a service charge of about AED 51,600 a year (AED 15.49 per sqft).
- Three-beds in Golden Mile 01 sold for AED 4,900,000–4,900,000 in the 12 months to November 2026; the building's median across all types is AED 2,014 per sqft.
Source: Dubai Land Department. Updated 3 November 2023.
Questions about 1308, Golden Mile 01
What did unit 1308 last sell for?
AED 5,000,000 on 3 November 2023: AED 1,502 per sqft for 3,329 sqft. The unit has 3 registered sales; the first was AED 2,050,000 in May 2004.
What is the rent for unit 1308?
AED 161,572 a year on the contract renewed on 27 September 2022. The previous contract, from September 2021, was AED 155,000; the unit has been rented since September 2016.
How big is unit 1308?
3,329 sqft (309.3 sqm): a three-bedroom apartment on the 3rd floor of a 7-storey tower completed in 2009.
What is unit 1308 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Golden Mile 01 sold for AED 4,900,000 to 4,900,000 in the last 12 months, around AED 1,367 per sqft.
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Mortgage on 1308, Golden Mile 01
Starts from the last sale price (AED 5M, 3 November 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 5,000,000
- Deposit, UAE resident (20%)
- AED 1,000,000
- Deposit, non-resident (40%)
- AED 2,000,000
- Monthly over 25 years at 3.7%
- AED 20,457
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →