2-bed · 1,794 sqftGolden Mile 03, Palm Jumeirah · 2nd floor · completed 2009

3211, Golden Mile 03

Sold prices and rental history: sold once, by the developer in May 2009, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3211 · DLD and Ejari recordsUpdated 1 February 2021
Last soldAED 1.43M21 May 2009
Current rentAED 70K /yr1 February 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3211, Golden Mile 03

What is 3211 worth today?

Last sold for AED 1,425,000 in 2009

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1 Feb 2021RentedNew contract
AED 70,000/yr24 months · AED 39 per sqft
15 Feb 2019RentedNew contract
AED 87,000/yr12 months · AED 48 per sqft
4 Mar 2017RentedRenewal
AED 125,000/yr12 months · AED 70 per sqft
4 Mar 2016RentedNew contract
AED 125,000/yr12 months · AED 70 per sqft
21 May 2009Sold by developerOff-plan
AED 1,425,000AED 794 per sqft

Source: Dubai Land Department. Updated 1 February 2021.

Key facts

Type
2-bed apartment
Size
1,794 sqft
Floor
2nd of 7
Parking
Building 3-B3-120
Developer
Souq Residences
Completed
2009
Service charge
AED 27,800 /yr
Last sold
AED 1.43M · May 2009

About 3211, Golden Mile 03

3211 is a two-bedroom apartment of 1,794 sqft on the 2nd floor of Golden Mile 03, a 7-storey tower in Palm Jumeirah completed in 2009 by Souq Residences. The developer sold it on 21 May 2009 for AED 1,425,000, or AED 794 per sqft, in line with the AED 778 two-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 4 Ejari contracts. The current contract, signed on 1 February 2021, is AED 70,000 a year: a gross yield of 4.9% on the 2009 price, before the service charge of about AED 27,800 a year.

Sales and rents for 3211 over time

Sales
Unit 3211, each saleTypical two-bed in Golden Mile 03
2M2004201020162022Typical sale price by year: 2004 AED 1,425,000; 2009 AED 1,425,000; 2010 AED 1,377,500; 2011 AED 1,435,000; 2013 AED 1,755,000; 2017 AED 2,075,000; 2019 AED 807,454; 2021 AED 1,510,000; 2022 AED 1,935,000; 2023 AED 2,712,500; 2024 AED 3,400,000Sold by developer, May 2009: AED 1,425,000 (AED 794 per sqft)

3211 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3211, each contractTypical two-bed in Golden Mile 03
100K200K2014201820222026Typical rent by year: 2014 AED 160,000; 2015 AED 157,500; 2016 AED 147,500; 2017 AED 145,000; 2018 AED 130,000; 2019 AED 120,000; 2020 AED 105,000; 2021 AED 105,000; 2022 AED 120,000; 2023 AED 142,500; 2024 AED 175,000; 2025 AED 197,500; 2026 AED 187,500New contract, March 2016: AED 125,000 a yearRenewal, March 2017: AED 125,000 a yearNew contract, February 2019: AED 87,000 a yearNew contract, February 2021: AED 70,000 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 03, and where 3211 sits

All 42 2-beds →

3211 last sold in May 2009 at AED 794 per sqft, in line with what two-beds in Golden Mile 03 were fetching at the time (AED 778). Over the last 12 months two-beds sold for AED 3,400,000 to 3,800,000, around AED 1,889 per sqft, and rent for AED 157,979 to 245,000 a year. 3211's AED 70,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
8 Sep 20263,400,000
30 Jul 20263,588,888
23 Dec 20253,800,000
6 Mar 20253,850,000
3 2-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

3211, Golden Mile 03 in numbers

  • Sold once: by Souq Residences on 21 May 2009 for AED 1,425,000, or AED 794 per sqft.
  • Rented since March 2016 on 4 Ejari contracts, from AED 125,000 to AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2009 price is 4.9%, before a service charge of about AED 27,800 a year (AED 15.49 per sqft).
  • Two-beds in Golden Mile 03 sold for AED 3,400,000–3,800,000 in the 12 months to November 2026; the building's median across all types is AED 1,870 per sqft.

Source: Dubai Land Department. Updated 1 February 2021.

Questions about 3211, Golden Mile 03

What did unit 3211 last sell for?

AED 1,425,000 on 21 May 2009, sold by the developer: AED 794 per sqft for 1,794 sqft. It is the only registered sale of the unit.

What is the rent for unit 3211?

AED 70,000 a year on the contract signed on 1 February 2021. The previous contract, from February 2019, was AED 87,000; the unit has been rented since March 2016.

How big is unit 3211?

1,794 sqft (166.7 sqm): a two-bedroom apartment on the 2nd floor of a 7-storey tower completed in 2009.

What is unit 3211 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 03 sold for AED 3,400,000 to 3,800,000 in the last 12 months, around AED 1,889 per sqft.

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Mortgage on 3211, Golden Mile 03

Starts from the last sale price (AED 1.43M, 21 May 2009). Switch to today's estimate once you have unlocked it.
Price
AED 1,425,000
Deposit, UAE resident (20%)
AED 285,000
Deposit, non-resident (40%)
AED 570,000
Monthly over 25 years at 3.7%
AED 5,830

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