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3-bed · 3,329 sqftGolden Mile 03, Palm Jumeirah · 2nd floor · completed 2009

3208, Golden Mile 03

Sold prices and rental history: sold twice, last in August 2011, and rented since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3208 · DLD and Ejari recordsUpdated 23 November 2022
Last soldAED 2.3M11 August 2011
Current rentAED 160K /yr23 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 3208, Golden Mile 03

What is 3208 worth today?

Last sold for AED 2,300,000 in 2011

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23 Nov 2022RentedRenewal
AED 159,911/yr60 months · AED 48 per sqft
23 Nov 2017RentedNew contract
AED 160,000/yr60 months · AED 48 per sqft
16 Feb 2015RentedNew contract
AED 66,667/yr36 months · AED 20 per sqft
11 Aug 2011SoldOff-plan
AED 2,300,000AED 690 per sqft
23 May 2010Sold by developerOff-plan
AED 2,185,000AED 656 per sqft

Source: Dubai Land Department. Updated 23 November 2022.

Key facts

Type
3-bed apartment
Size
3,329 sqft
Floor
2nd of 7
Parking
Building 3-B3-110
Developer
Souq Residences
Completed
2009
Service charge
AED 51,600 /yr
Last sold
AED 2.3M · August 2011
Building
Golden Mile 03

About 3208, Golden Mile 03

3208 is a three-bedroom apartment of 3,329 sqft on the 2nd floor of Golden Mile 03, a 7-storey tower in Palm Jumeirah completed in 2009 by Souq Residences. It last sold on 11 August 2011 for AED 2,300,000, or AED 690 per sqft.

It has been rented since 2015 on 3 Ejari contracts. The current contract, renewed on 23 November 2022, is AED 159,911 a year: a gross yield of 7.0% on the 2011 price, before the service charge of about AED 51,600 a year.

Sales and rents for 3208 over time

Sales
Unit 3208, each saleTypical three-bed in Golden Mile 03
2M3M2009201320172021Typical sale price by year: 2009 AED 2,315,000; 2012 AED 2,050,000; 2013 AED 1,900,000; 2016 AED 1,600,000; 2023 AED 3,400,000Sold by developer, May 2010: AED 2,185,000 (AED 656 per sqft)Sold, August 2011: AED 2,300,000 (AED 690 per sqft)

3208 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 3208, each contractTypical three-bed in Golden Mile 03
200K20152018202120242027Typical rent by year: 2015 AED 201,500; 2016 AED 197,204; 2017 AED 185,000; 2018 AED 175,000; 2019 AED 155,000; 2020 AED 132,500; 2021 AED 140,000; 2022 AED 164,000; 2023 AED 187,000; 2024 AED 200,500; 2025 AED 290,000; 2026 AED 258,925New contract, February 2015: AED 66,667 a yearNew contract, November 2017: AED 160,000 a yearRenewal, November 2022: AED 159,911 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 Golden Mile 03, and where 3208 sits

All 11 3-beds →

3208's AED 159,911 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
16 Jul 20257,900,000
22 Aug 20233,300,000
11 Jul 2023725,120
7 Jun 20234,500,000
0 3-bed sales in the last 12 months

Golden Mile 03

Building

85 apartments, 1-bed to 4-bed over 7 floors in Palm Jumeirah, completed in 2009 by Souq Residences. 6 sold in the last 12 months.

Typical price per sqft
AED 1,870
Typical sale
AED 3.69M
Typical rent
AED 169K /yr
Typical yield
5.3%
Golden Mile 03, Palm Jumeirah: prices, sales and rents →

Other units on the 2nd floor

All 85 units in Golden Mile 03
Value
32011-bedAED 2.05M · Nov 2023
32022-bedAED 2.75M · Dec 2023
32032-bedAED 1.97M · Jul 2022
32041-bedAED 1.48M · Aug 2022
32052-bedAED 1.42M · Jan 2021
32061-bedAED 1.02M · May 2009
32072-bedAED 3.15M · Dec 2024
1–7 of 11

3208, Golden Mile 03 in numbers

  • Sold twice: first on 23 May 2010 for AED 2,185,000, last on 11 August 2011 for AED 2,300,000 (AED 690 per sqft).
  • Rented since February 2015 on 3 Ejari contracts, from AED 66,667 to AED 159,911 a year.
  • At AED 159,911 a year the gross yield on the 2011 price is 7.0%, before a service charge of about AED 51,600 a year (AED 15.49 per sqft).

Source: Dubai Land Department. Updated 23 November 2022.

Questions about 3208, Golden Mile 03

What did unit 3208 last sell for?

AED 2,300,000 on 11 August 2011: AED 690 per sqft for 3,329 sqft. The unit has 2 registered sales; the first was AED 2,185,000 in May 2010.

What is the rent for unit 3208?

AED 159,911 a year on the contract renewed on 23 November 2022. The previous contract, from November 2017, was AED 160,000; the unit has been rented since February 2015.

How big is unit 3208?

3,329 sqft (309.3 sqm): a three-bedroom apartment on the 2nd floor of a 7-storey tower completed in 2009.

What is unit 3208 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 3208, Golden Mile 03

Starts from the last sale price (AED 2.3M, 11 August 2011). Switch to today's estimate once you have unlocked it.
Price
AED 2,300,000
Deposit, UAE resident (20%)
AED 460,000
Deposit, non-resident (40%)
AED 920,000
Monthly over 25 years at 3.7%
AED 9,410

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