3-bed · 2,421 sqftGolden Mile 04, Palm Jumeirah · 3rd floor · completed 2009

4312, Golden Mile 04

Sold prices and rental history: sold 3 times, last in August 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4312 · DLD and Ejari recordsUpdated 16 January 2024
Last soldAED 4M17 August 2023
Current rentAED 225K /yr16 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4312, Golden Mile 04

What is 4312 worth today?

Last sold for AED 4,000,000 in 2023

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16 Jan 2024RentedRenewal
AED 225,146/yr7 months · AED 93 per sqft
19 Aug 2023RentedNew contract
AED 224,788/yr5 months · AED 93 per sqft
17 Aug 2023SoldReady
AED 4,000,000AED 1,651 per sqft
19 Aug 2022RentedNew contract
AED 225,000/yr12 months · AED 93 per sqft
19 Aug 2021RentedRenewal
AED 135,000/yr12 months · AED 56 per sqft
19 Aug 2020RentedNew contract
AED 128,000/yr12 months · AED 53 per sqft
4 May 2019RentedNew contract
AED 160,000/yr12 months · AED 66 per sqft
6 Feb 2017RentedNew contract
AED 195,000/yr12 months · AED 81 per sqft

Source: Dubai Land Department. Updated 16 January 2024.

Key facts

Type
3-bed apartment
Size
2,421 sqft
Floor
3rd of 7
Parking
Building 4-B3-113
Developer
Souq Residences
Completed
2009
Service charge
AED 37,500 /yr
Last sold
AED 4M · August 2023

About 4312, Golden Mile 04

4312 is a three-bedroom apartment of 2,421 sqft on the 3rd floor of Golden Mile 04, a 7-storey tower in Palm Jumeirah completed in 2009 by Souq Residences. It last sold on 17 August 2023 for AED 4,000,000, or AED 1,651 per sqft, 21% above the AED 1,360 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, renewed on 16 January 2024, is AED 225,146 a year: a gross yield of 5.6% on the 2023 price, before the service charge of about AED 37,500 a year.

Sales and rents for 4312 over time

Sales
Unit 4312, each saleTypical three-bed in Golden Mile 04
2.5M5M2009201420192024Typical sale price by year: 2009 AED 2,250,000; 2012 AED 1,275,000; 2013 AED 2,000,000; 2025 AED 6,100,000Sold by developer, August 2014: AED 2,100,000 (AED 867 per sqft)Sold, November 2014: AED 3,275,000 (AED 1,352 per sqft)Sold, August 2023: AED 4,000,000 (AED 1,651 per sqft)

4312 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 4312, each contractTypical three-bed in Golden Mile 04
100K200K300K2013201720212025Typical rent by year: 2014 AED 180,000; 2015 AED 190,000; 2016 AED 185,500; 2017 AED 195,000; 2018 AED 187,500; 2019 AED 160,000; 2020 AED 138,272; 2021 AED 140,000; 2022 AED 185,000; 2023 AED 227,394; 2024 AED 262,500; 2025 AED 280,000; 2026 AED 330,000New contract, February 2013: AED 135,000 a yearNew contract, February 2017: AED 195,000 a yearNew contract, May 2019: AED 160,000 a yearNew contract, August 2020: AED 128,000 a yearRenewal, August 2021: AED 135,000 a yearNew contract, August 2022: AED 225,000 a yearNew contract, August 2023: AED 224,788 a yearRenewal, January 2024: AED 225,146 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 04, and where 4312 sits

All 12 3-beds →

4312 last sold in August 2023 at AED 1,651 per sqft, 21% above what three-beds in Golden Mile 04 were fetching at the time (AED 1,360). Over the last 12 months three-beds sold for AED 6,900,000, around AED 2,072 per sqft, and rent for AED 250,000 to 380,000 a year. 4312's AED 225,146 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
8 Jun 20266,900,000
31 Jul 20255,300,000
26 Jun 20257,000,000
28 Mar 20256,100,000
1 3-bed sale in the last 12 months

Golden Mile 04

Building

84 apartments, 1-bed to 5-bed over 7 floors in Palm Jumeirah, completed in 2009 by Souq Residences. 2 sold in the last 12 months.

Typical price per sqft
AED 1,931
Typical sale
AED 5.06M
Typical rent
AED 178K /yr
Typical yield
5.0%
Golden Mile 04, Palm Jumeirah: prices, sales and rents →

Other units on the 3rd floor

All 84 units in Golden Mile 04
Value
43011-bedAED 1.22M · Feb 2019
43022-bedAED 1.38M · Sep 2012
43032-bedAED 1.38M · May 2009
43041-bedAED 1.3M · Apr 2013
43052-bedAED 1.56M · Jul 2019
43061-bedAED 1.9M · Jun 2024
43072-bedAED 1.58M · Nov 2009
1–7 of 11

4312, Golden Mile 04 in numbers

  • Sold 3 times: first on 3 August 2014 for AED 2,100,000, last on 17 August 2023 for AED 4,000,000 (AED 1,651 per sqft).
  • Rented since February 2013 on 8 Ejari contracts, from AED 135,000 to AED 225,146 a year.
  • At AED 225,146 a year the gross yield on the 2023 price is 5.6%, before a service charge of about AED 37,500 a year (AED 15.49 per sqft).
  • Three-beds in Golden Mile 04 sold for AED 6,900,000–6,900,000 in the 12 months to November 2026; the building's median across all types is AED 1,931 per sqft.

Source: Dubai Land Department. Updated 16 January 2024.

Questions about 4312, Golden Mile 04

What did unit 4312 last sell for?

AED 4,000,000 on 17 August 2023: AED 1,651 per sqft for 2,421 sqft. The unit has 3 registered sales; the first was AED 2,100,000 in August 2014.

What is the rent for unit 4312?

AED 225,146 a year on the contract renewed on 16 January 2024. The previous contract, from August 2023, was AED 224,788; the unit has been rented since February 2013.

How big is unit 4312?

2,421 sqft (224.9 sqm): a three-bedroom apartment on the 3rd floor of a 7-storey tower completed in 2009.

What is unit 4312 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Golden Mile 04 sold for AED 6,900,000 to 6,900,000 in the last 12 months, around AED 2,072 per sqft.

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Mortgage on 4312, Golden Mile 04

Starts from the last sale price (AED 4M, 17 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 4,000,000
Deposit, UAE resident (20%)
AED 800,000
Deposit, non-resident (40%)
AED 1,600,000
Monthly over 25 years at 3.7%
AED 16,365

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