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

3308, Golden Mile 03

Sold prices and rental history: sold twice, last in February 2019, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3308 · DLD and Ejari recordsUpdated 27 February 2019
Last soldAED 2.65M27 February 2019
Current rentAED 175K /yr1 December 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 3308, Golden Mile 03

What is 3308 worth today?

Last sold for AED 2,650,000 in 2019

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27 Feb 2019SoldReady
AED 2,650,000AED 796 per sqft
1 Dec 2018RentedNew contract
AED 175,000/yr12 months · AED 53 per sqft
1 Jul 2016RentedNew contract
AED 180,480/yr10 months · AED 54 per sqft
21 May 2009Sold by developerOff-plan
AED 2,350,000AED 705 per sqft

Source: Dubai Land Department. Updated 27 February 2019.

Key facts

Type
3-bed apartment
Size
3,329 sqft
Floor
3rd of 7
Parking
Building 3-B3-101
Developer
Souq Residences
Completed
2009
Service charge
AED 51,600 /yr
Last sold
AED 2.65M · February 2019
Building
Golden Mile 03

About 3308, Golden Mile 03

3308 is a three-bedroom apartment of 3,329 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 27 February 2019 for AED 2,650,000, or AED 796 per sqft.

It has been rented since 2016 on 2 Ejari contracts. The current contract, signed on 1 December 2018, is AED 175,000 a year: a gross yield of 6.6% on the 2019 price, before the service charge of about AED 51,600 a year.

Sales and rents for 3308 over time

Sales
Unit 3308, 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 2009: AED 2,350,000 (AED 705 per sqft)Sold, February 2019: AED 2,650,000 (AED 796 per sqft)

3308 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 3308, each contractTypical three-bed in Golden Mile 03
200K300K20152018202120242027Typical 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, July 2016: AED 180,480 a yearNew contract, December 2018: AED 175,000 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 3308 sits

All 11 3-beds →

3308's AED 175,000 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 3rd floor

All 85 units in Golden Mile 03
Value
33011-bedAED 1.58M · Sep 2017
33022-bedAED 3.4M · Sep 2026
33032-bedAED 1.81M · Mar 2013
33041-bedAED 1.04M · May 2009
33052-bedAED 1.24M · May 2009
33061-bedAED 1.55M · Jul 2017
33072-bedAED 1.28M · May 2009
1–7 of 11

3308, Golden Mile 03 in numbers

  • Sold twice: first on 21 May 2009 for AED 2,350,000, last on 27 February 2019 for AED 2,650,000 (AED 796 per sqft).
  • Rented since July 2016 on 2 Ejari contracts, from AED 180,480 to AED 175,000 a year.
  • At AED 175,000 a year the gross yield on the 2019 price is 6.6%, before a service charge of about AED 51,600 a year (AED 15.49 per sqft).

Source: Dubai Land Department. Updated 27 February 2019.

Questions about 3308, Golden Mile 03

What did unit 3308 last sell for?

AED 2,650,000 on 27 February 2019: AED 796 per sqft for 3,329 sqft. The unit has 2 registered sales; the first was AED 2,350,000 in May 2009.

What is the rent for unit 3308?

AED 175,000 a year on the contract signed on 1 December 2018. The previous contract, from July 2016, was AED 180,480.

How big is unit 3308?

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 3308 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 3308, Golden Mile 03

Starts from the last sale price (AED 2.65M, 27 February 2019). Switch to today's estimate once you have unlocked it.
Price
AED 2,650,000
Deposit, UAE resident (20%)
AED 530,000
Deposit, non-resident (40%)
AED 1,060,000
Monthly over 25 years at 3.7%
AED 10,842

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