2-bed · 1,799 sqftGolden Mile 03, Palm Jumeirah · 6th floor · completed 2009

3602, Golden Mile 03

Sold prices and rental history: sold once, by the developer in May 2009, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3602 · DLD and Ejari recordsUpdated 26 September 2023
Last soldAED 1.43M21 May 2009
Current rentAED 120K /yr26 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3602, Golden Mile 03

What is 3602 worth today?

Last sold for AED 1,425,000 in 2009

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26 Sep 2023RentedRenewal
AED 120,000/yr12 months · AED 67 per sqft
26 Sep 2022RentedNew contract
AED 115,000/yr12 months · AED 64 per sqft
26 Sep 2021RentedNew contract
AED 112,000/yr12 months · AED 62 per sqft
24 Jun 2020RentedRenewal
AED 112,000/yr12 months · AED 62 per sqft
24 Jun 2019RentedRenewal
AED 112,000/yr12 months · AED 62 per sqft
24 Jun 2018RentedNew contract
AED 115,000/yr12 months · AED 64 per sqft
1 Sep 2017RentedNew contract
AED 135,000/yr12 months · AED 75 per sqft
25 Jun 2016RentedRenewal
AED 155,000/yr12 months · AED 86 per sqft

Source: Dubai Land Department. Updated 26 September 2023.

Key facts

Type
2-bed apartment
Size
1,799 sqft
Floor
6th of 7
Parking
Building 3-B3-74
Developer
Souq Residences
Completed
2009
Service charge
AED 27,900 /yr
Last sold
AED 1.43M · May 2009

About 3602, Golden Mile 03

3602 is a two-bedroom apartment of 1,799 sqft on the 6th 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 792 per sqft, in line with the AED 778 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 9 Ejari contracts. The current contract, renewed on 26 September 2023, is AED 120,000 a year: a gross yield of 8.4% on the 2009 price, before the service charge of about AED 27,900 a year.

Sales and rents for 3602 over time

Sales
Unit 3602, 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 792 per sqft)

3602 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3602, 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, June 2015: AED 155,000 a yearRenewal, June 2016: AED 155,000 a yearNew contract, September 2017: AED 135,000 a yearNew contract, June 2018: AED 115,000 a yearRenewal, June 2019: AED 112,000 a yearRenewal, June 2020: AED 112,000 a yearNew contract, September 2021: AED 112,000 a yearNew contract, September 2022: AED 115,000 a yearRenewal, September 2023: AED 120,000 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 3602 sits

All 42 2-beds →

3602 last sold in May 2009 at AED 792 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. 3602's AED 120,000 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 6th floor

All 85 units in Golden Mile 03
Value
36011-bedAED 2.7M · Mar 2026
36032-bedAED 1.8M · Jul 2021
36041-bedAED 1.15M · Mar 2021
36052-bedAED 2.68M · Jul 2023
36061-bedAED 1.7M · Dec 2016
36072-bedAED 1.5M · May 2009
36092-bedAED 3.85M · Mar 2025
1–7 of 10

3602, Golden Mile 03 in numbers

  • Sold once: by Souq Residences on 21 May 2009 for AED 1,425,000, or AED 792 per sqft.
  • Rented since June 2015 on 9 Ejari contracts, from AED 155,000 to AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2009 price is 8.4%, 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 26 September 2023.

Questions about 3602, Golden Mile 03

What did unit 3602 last sell for?

AED 1,425,000 on 21 May 2009, sold by the developer: AED 792 per sqft for 1,799 sqft. It is the only registered sale of the unit.

What is the rent for unit 3602?

AED 120,000 a year on the contract renewed on 26 September 2023. The previous contract, from September 2022, was AED 115,000; the unit has been rented since June 2015.

How big is unit 3602?

1,799 sqft (167.1 sqm): a two-bedroom apartment on the 6th floor of a 7-storey tower completed in 2009.

What is unit 3602 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 3602, 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 →