2-bed · 1,800 sqftGolden Mile 03, Palm Jumeirah · 3rd floor · completed 2009

3303, Golden Mile 03

Sold prices and rental history: sold 3 times, last in March 2013, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3303 · DLD and Ejari recordsUpdated 1 September 2015
Last soldAED 1.81M20 March 2013
Current rentAED 200K /yr1 September 2015
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3303, Golden Mile 03

What is 3303 worth today?

Last sold for AED 1,810,000 in 2013

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1 Sep 2015RentedRenewal
AED 200,000/yr12 months · AED 111 per sqft
1 Sep 2014RentedNew contract
AED 200,000/yr12 months · AED 111 per sqft
20 Mar 2013SoldOff-plan
AED 1,810,000AED 1,005 per sqft
27 Jun 2012SoldOff-plan
AED 1,600,000AED 889 per sqft
21 May 2009Sold by developerOff-plan
AED 1,350,000AED 750 per sqft

Source: Dubai Land Department. Updated 1 September 2015.

Key facts

Type
2-bed apartment
Size
1,800 sqft
Floor
3rd of 7
Parking
Building 3-B3-62
Developer
Souq Residences
Completed
2009
Service charge
AED 27,900 /yr
Last sold
AED 1.81M · March 2013

About 3303, Golden Mile 03

3303 is a two-bedroom apartment of 1,800 sqft on the 3rd floor of Golden Mile 03, a 7-storey tower in Palm Jumeirah completed in 2009 by Souq Residences. It last sold on 20 March 2013 for AED 1,810,000, or AED 1,005 per sqft, 13% above the AED 889 two-beds in the building were fetching at the time.

It has been rented since 2014 on 2 Ejari contracts. The current contract, renewed on 1 September 2015, is AED 200,000 a year: a gross yield of 11.1% on the 2013 price, before the service charge of about AED 27,900 a year.

Sales and rents for 3303 over time

Sales
Unit 3303, 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 1,350,000 (AED 750 per sqft)Sold, June 2012: AED 1,600,000 (AED 889 per sqft)Sold, March 2013: AED 1,810,000 (AED 1,005 per sqft)

3303 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3303, each contractTypical two-bed in Golden Mile 03
100K150K200K2014201820222026Typical 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, September 2014: AED 200,000 a yearRenewal, September 2015: AED 200,000 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 3303 sits

All 42 2-beds →

3303 last sold in March 2013 at AED 1,005 per sqft, 13% above what two-beds in Golden Mile 03 were fetching at the time (AED 889). 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. 3303's AED 200,000 is in the lower half 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 3rd floor

All 85 units in Golden Mile 03
Value
33011-bedAED 1.58M · Sep 2017
33022-bedAED 3.4M · Sep 2026
33041-bedAED 1.04M · May 2009
33052-bedAED 1.24M · May 2009
33061-bedAED 1.55M · Jul 2017
33072-bedAED 1.28M · May 2009
33083-bedAED 2.65M · Feb 2019
1–7 of 11

3303, Golden Mile 03 in numbers

  • Sold 3 times: first on 21 May 2009 for AED 1,350,000, last on 20 March 2013 for AED 1,810,000 (AED 1,005 per sqft).
  • Rented since September 2014 on 2 Ejari contracts, at AED 200,000 a year.
  • At AED 200,000 a year the gross yield on the 2013 price is 11.1%, before a service charge of about AED 27,900 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 September 2015.

Questions about 3303, Golden Mile 03

What did unit 3303 last sell for?

AED 1,810,000 on 20 March 2013: AED 1,005 per sqft for 1,800 sqft. The unit has 3 registered sales; the first was AED 1,350,000 in May 2009.

What is the rent for unit 3303?

AED 200,000 a year on the contract renewed on 1 September 2015. The previous contract, from September 2014, was AED 200,000.

How big is unit 3303?

1,800 sqft (167.2 sqm): a two-bedroom apartment on the 3rd floor of a 7-storey tower completed in 2009.

What is unit 3303 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 3303, Golden Mile 03

Starts from the last sale price (AED 1.81M, 20 March 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,810,000
Deposit, UAE resident (20%)
AED 362,000
Deposit, non-resident (40%)
AED 724,000
Monthly over 25 years at 3.7%
AED 7,405

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