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2-bed · 1,788 sqftGolden Mile 03, Palm Jumeirah · 3rd floor · completed 2009

3309, Golden Mile 03

Sold prices and rental history: sold twice, last in April 2021, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3309 · DLD and Ejari recordsUpdated 28 April 2021
Last soldAED 2M28 April 2021
Current rentAED 160K /yr31 August 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 3309, Golden Mile 03

What is 3309 worth today?

Last sold for AED 2,000,000 in 2021

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28 Apr 2021SoldReady
AED 2,000,000AED 1,118 per sqft
31 Aug 2015RentedRenewal
AED 160,000/yr12 months · AED 90 per sqft
31 Aug 2014RentedNew contract
AED 160,000/yr12 months · AED 90 per sqft
21 May 2009Sold by developerOff-plan
AED 1,550,000AED 866 per sqft

Source: Dubai Land Department. Updated 28 April 2021.

Key facts

Type
2-bed apartment
Size
1,788 sqft
Floor
3rd of 7
Parking
Building 3-B3-117
Developer
Souq Residences
Completed
2009
Service charge
AED 27,700 /yr
Last sold
AED 2M · April 2021
Building
Golden Mile 03

About 3309, Golden Mile 03

3309 is a two-bedroom apartment of 1,788 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 28 April 2021 for AED 2,000,000, or AED 1,118 per sqft, 44% above the AED 777 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 31 August 2015, is AED 160,000 a year: a gross yield of 8.0% on the 2021 price, before the service charge of about AED 27,700 a year.

Sales and rents for 3309 over time

Sales
Unit 3309, 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 1,550,000 (AED 866 per sqft)Sold, April 2021: AED 2,000,000 (AED 1,118 per sqft)

3309 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3309, 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, August 2014: AED 160,000 a yearRenewal, August 2015: AED 160,000 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 3309 sits

All 42 2-beds →

3309 last sold in April 2021 at AED 1,118 per sqft, 44% above what two-beds in Golden Mile 03 were fetching at the time (AED 777). 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. 3309's AED 160,000 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
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

3309, Golden Mile 03 in numbers

  • Sold twice: first on 21 May 2009 for AED 1,550,000, last on 28 April 2021 for AED 2,000,000 (AED 1,118 per sqft).
  • Rented since August 2014 on 2 Ejari contracts, at AED 160,000 a year.
  • At AED 160,000 a year the gross yield on the 2021 price is 8.0%, before a service charge of about AED 27,700 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 28 April 2021.

Questions about 3309, Golden Mile 03

What did unit 3309 last sell for?

AED 2,000,000 on 28 April 2021: AED 1,118 per sqft for 1,788 sqft. The unit has 2 registered sales; the first was AED 1,550,000 in May 2009.

What is the rent for unit 3309?

AED 160,000 a year on the contract renewed on 31 August 2015. The previous contract, from August 2014, was AED 160,000.

How big is unit 3309?

1,788 sqft (166.1 sqm): a two-bedroom apartment on the 3rd floor of a 7-storey tower completed in 2009.

What is unit 3309 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 3309, Golden Mile 03

Starts from the last sale price (AED 2M, 28 April 2021). 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 →