3-bed · 2,421 sqftGolden Mile 04, Palm Jumeirah · 4th floor · completed 2009

4412, Golden Mile 04

Sold prices and rental history: sold 3 times, last in July 2017, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4412 · DLD and Ejari recordsUpdated 27 July 2017
Last soldAED 3.1M27 July 2017
Current rentAED 190K /yr5 March 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4412, Golden Mile 04

What is 4412 worth today?

Last sold for AED 3,100,000 in 2017

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27 Jul 2017SoldReady
AED 3,100,000AED 1,280 per sqft
5 Mar 2017RentedRenewal
AED 190,000/yr12 months · AED 78 per sqft
5 Mar 2016RentedNew contract
AED 180,000/yr12 months · AED 74 per sqft
3 Mar 2014RentedNew contract
AED 179,104/yr24 months · AED 74 per sqft
28 Feb 2013SoldOff-plan
AED 2,000,000AED 825 per sqft
20 Jan 2013Sold by developerOff-plan
AED 2,150,000AED 887 per sqft

Source: Dubai Land Department. Updated 27 July 2017.

Key facts

Type
3-bed apartment
Size
2,421 sqft
Floor
4th of 7
Parking
Building 4-B3-112
Developer
Souq Residences
Completed
2009
Service charge
AED 37,500 /yr
Last sold
AED 3.1M · July 2017

About 4412, Golden Mile 04

4412 is a three-bedroom apartment of 2,421 sqft on the 4th floor of Golden Mile 04, a 7-storey tower in Palm Jumeirah completed in 2009 by Souq Residences. It last sold on 27 July 2017 for AED 3,100,000, or AED 1,280 per sqft, in line with the AED 1,280 three-beds in the building were fetching at the time.

It has been rented since 2014 on 3 Ejari contracts. The current contract, renewed on 5 March 2017, is AED 190,000 a year: a gross yield of 6.1% on the 2017 price, before the service charge of about AED 37,500 a year.

Sales and rents for 4412 over time

Sales
Unit 4412, 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, January 2013: AED 2,150,000 (AED 887 per sqft)Sold, February 2013: AED 2,000,000 (AED 825 per sqft)Sold, July 2017: AED 3,100,000 (AED 1,280 per sqft)

4412 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 4412, each contractTypical three-bed in Golden Mile 04
200K300K2014201820222026Typical 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, March 2014: AED 179,104 a yearNew contract, March 2016: AED 180,000 a yearRenewal, March 2017: AED 190,000 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 04, and where 4412 sits

All 12 3-beds →

4412 last sold in July 2017 at AED 1,280 per sqft, in line with what three-beds in Golden Mile 04 were fetching at the time (AED 1,280). 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. 4412's AED 190,000 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 4th floor

All 84 units in Golden Mile 04
Value
44011-bedAED 520K · Jun 2016
44022-bedAED 1.45M · May 2009
44032-bedAED 2M · Oct 2022
44041-bedAED 1.95M · Sep 2023
44052-bedAED 2.65M · Mar 2024
44061-bedAED 1.5M · Apr 2018
44072-bedAED 2.8M · Oct 2024
1–7 of 11

4412, Golden Mile 04 in numbers

  • Sold 3 times: first on 20 January 2013 for AED 2,150,000, last on 27 July 2017 for AED 3,100,000 (AED 1,280 per sqft).
  • Rented since March 2014 on 3 Ejari contracts, from AED 179,104 to AED 190,000 a year.
  • At AED 190,000 a year the gross yield on the 2017 price is 6.1%, 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 27 July 2017.

Questions about 4412, Golden Mile 04

What did unit 4412 last sell for?

AED 3,100,000 on 27 July 2017: AED 1,280 per sqft for 2,421 sqft. The unit has 3 registered sales; the first was AED 2,150,000 in January 2013.

What is the rent for unit 4412?

AED 190,000 a year on the contract renewed on 5 March 2017. The previous contract, from March 2016, was AED 180,000; the unit has been rented since March 2014.

How big is unit 4412?

2,421 sqft (224.9 sqm): a three-bedroom apartment on the 4th floor of a 7-storey tower completed in 2009.

What is unit 4412 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 4412, Golden Mile 04

Starts from the last sale price (AED 3.1M, 27 July 2017). Switch to today's estimate once you have unlocked it.
Price
AED 3,100,000
Deposit, UAE resident (20%)
AED 620,000
Deposit, non-resident (40%)
AED 1,240,000
Monthly over 25 years at 3.7%
AED 12,683

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