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2-bed · 1,794 sqftGolden Mile 01, Palm Jumeirah · 3rd floor · completed 2009

1311, Golden Mile 01

Sold prices and rental history: sold twice, last in June 2022, and rented once, from July 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1311 · DLD and Ejari recordsUpdated 1 July 2022
Last soldAED 2M21 June 2022
Current rentAED 140K /yr1 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1311, Golden Mile 01

What is 1311 worth today?

Last sold for AED 2,000,000 in 2022

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1 Jul 2022RentedNew contract
AED 140,000/yr12 months · AED 78 per sqft
21 Jun 2022SoldReady
AED 2,000,000AED 1,114 per sqft
19 May 2009Sold by developerOff-plan
AED 1,450,000AED 808 per sqft

Source: Dubai Land Department. Updated 1 July 2022.

Key facts

Type
2-bed apartment
Size
1,794 sqft
Floor
3rd of 7
Parking
Building 1-B3-55
Developer
Souq Residences
Completed
2009
Service charge
AED 27,800 /yr
Last sold
AED 2M · June 2022
Building
Golden Mile 01

About 1311, Golden Mile 01

1311 is a two-bedroom apartment of 1,794 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 21 June 2022 for AED 2,000,000, or AED 1,114 per sqft, 7% above the AED 1,044 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 July 2022. The current contract, signed on 1 July 2022, is AED 140,000 a year: a gross yield of 7.0% on the 2022 price, before the service charge of about AED 27,800 a year.

Sales and rents for 1311 over time

Sales
Unit 1311, each saleTypical two-bed in Golden Mile 01
2M2004201020162022Typical sale price by year: 2004 AED 1,211,250; 2009 AED 1,400,000; 2010 AED 1,600,000; 2012 AED 1,100,000; 2013 AED 1,950,000; 2016 AED 1,025,000; 2018 AED 1,400,000; 2022 AED 1,950,000; 2023 AED 2,725,000; 2025 AED 3,300,000Sold by developer, May 2009: AED 1,450,000 (AED 808 per sqft)Sold, June 2022: AED 2,000,000 (AED 1,114 per sqft)

1311 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1311, each contractTypical two-bed in Golden Mile 01
100K150K200K2014201820222026Typical rent by year: 2014 AED 150,000; 2015 AED 151,000; 2016 AED 150,000; 2017 AED 140,000; 2018 AED 135,000; 2019 AED 115,750; 2020 AED 95,000; 2021 AED 103,750; 2022 AED 117,250; 2023 AED 130,000; 2024 AED 170,000; 2025 AED 200,000; 2026 AED 165,000New contract, July 2022: AED 140,000 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 Golden Mile 01, and where 1311 sits

All 42 2-beds →

1311 last sold in June 2022 at AED 1,114 per sqft, 7% above what two-beds in Golden Mile 01 were fetching at the time (AED 1,044). Over the last 12 months two-beds sold for AED 3,475,000 to 4,000,000, around AED 1,943 per sqft, and rent for AED 148,500 to 260,500 a year. 1311's AED 140,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
5 Jan 20263,475,000
28 Nov 20254,000,000
3 Sep 20252,900,000
17 Jun 20253,300,000
2 2-bed sales in the last 12 months

Golden Mile 01

Building

85 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%
Golden Mile 01, Palm Jumeirah: prices, sales and rents →

Other units on the 3rd floor

All 85 units in Golden Mile 01
Value
13011-bedAED 1.08M · Apr 2012
13022-bedAED 1.25M · May 2009
13032-bedAED 1.25M · May 2016
13041-bedAED 1.41M · May 2022
13052-bedAED 1.45M · Mar 2011
13061-bedAED 1.73M · Jun 2023
13072-bedAED 1.05M · May 2009
1–7 of 11

1311, Golden Mile 01 in numbers

  • Sold twice: first on 19 May 2009 for AED 1,450,000, last on 21 June 2022 for AED 2,000,000 (AED 1,114 per sqft).
  • Rented since July 2022 on one Ejari contract, at AED 140,000 a year.
  • At AED 140,000 a year the gross yield on the 2022 price is 7.0%, before a service charge of about AED 27,800 a year (AED 15.49 per sqft).
  • Two-beds in Golden Mile 01 sold for AED 3,475,000–4,000,000 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 1 July 2022.

Questions about 1311, Golden Mile 01

What did unit 1311 last sell for?

AED 2,000,000 on 21 June 2022: AED 1,114 per sqft for 1,794 sqft. The unit has 2 registered sales; the first was AED 1,450,000 in May 2009.

What is the rent for unit 1311?

AED 140,000 a year on the contract signed on 1 July 2022.

How big is unit 1311?

1,794 sqft (166.7 sqm): a two-bedroom apartment on the 3rd floor of a 7-storey tower completed in 2009.

What is unit 1311 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Golden Mile 01 sold for AED 3,475,000 to 4,000,000 in the last 12 months, around AED 1,943 per sqft.

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Mortgage on 1311, Golden Mile 01

Starts from the last sale price (AED 2M, 21 June 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,000,000
Deposit, UAE resident (20%)
AED 400,000
Deposit, non-resident (40%)
AED 800,000
Monthly over 25 years at 3.7%
AED 8,183

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →