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Penthouse · 3,946 sqftGolden Mile 04, Palm Jumeirah · 7th floor · completed 2009

4705, Golden Mile 04

Sold prices and rental history: sold twice, last in December 2020, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4705 · DLD and Ejari recordsUpdated 13 December 2020
Last soldAED 2.85M13 December 2020
Current rentAED 198K /yr25 April 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 4705, Golden Mile 04

What is 4705 worth today?

Last sold for AED 2,850,000 in 2020

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13 Dec 2020SoldReady
AED 2,850,000AED 722 per sqft
25 Apr 2020RentedNew contract
AED 198,000/yr12 months · AED 50 per sqft
7 Apr 2019RentedRenewal
AED 210,000/yr12 months · AED 53 per sqft
7 Apr 2017RentedNew contract
AED 250,000/yr12 months · AED 63 per sqft
1 Jun 2014RentedNew contract
AED 210,000/yr12 months · AED 53 per sqft
28 May 2009Sold by developerOff-plan
AED 3,733,733AED 946 per sqft

Source: Dubai Land Department. Updated 13 December 2020.

Key facts

Type
Penthouse apartment
Size
3,946 sqft
Floor
7th of 7
Parking
Building 4-B3-125,126
Developer
Souq Residences
Completed
2009
Service charge
AED 61,100 /yr
Last sold
AED 2.85M · December 2020
Building
Golden Mile 04

About 4705, Golden Mile 04

4705 is a penthouse of 3,946 sqft on the 7th floor of Golden Mile 04, a 7-storey tower in Palm Jumeirah completed in 2009 by Souq Residences. It last sold on 13 December 2020 for AED 2,850,000, or AED 722 per sqft.

It has been rented continuously since 2014 on 4 Ejari contracts. The current contract, signed on 25 April 2020, is AED 198,000 a year: a gross yield of 7.0% on the 2020 price, before the service charge of about AED 61,100 a year.

Sales and rents for 4705 over time

Sales
Unit 4705, each saleTypical penthouse in Golden Mile 04
3M3.5M4M2009201320172021Typical sale price by year: 2009 AED 3,350,000; 2018 AED 3,940,000Sold by developer, May 2009: AED 3,733,733 (AED 946 per sqft)Sold, December 2020: AED 2,850,000 (AED 722 per sqft)

4705 has sold twice; the dashed line is the penthouse median of each year in the building.

Rents
Unit 4705, each contractTypical penthouse in Golden Mile 04
200K300K2014201720202023Typical rent by year: 2014 AED 250,000; 2015 AED 260,000; 2016 AED 244,000; 2017 AED 215,000; 2018 AED 208,100; 2019 AED 205,000; 2020 AED 198,000; 2021 AED 194,846; 2022 AED 246,750; 2024 AED 340,000New contract, June 2014: AED 210,000 a yearNew contract, April 2017: AED 250,000 a yearRenewal, April 2019: AED 210,000 a yearNew contract, April 2020: AED 198,000 a year

Annual rent on each registered contract; the dashed line is the penthouse median of each year in the building.

Penthouses in Golden Mile 04, and where 4705 sits

All 7 penthouses →
Recent penthouse salesUnit no.Price (AED)Summary
4 Jul 20259,800,000
28 Oct 20246,218,493
1 Jun 20213,800,000
19 Jul 20183,940,000
0 penthouse sales 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 7th floor

All 84 units in Golden Mile 04
Value
4701PenthouseAED 3M · Jan 2018
4702PenthouseAED 6.22M · Oct 2024
4703PenthouseAED 3.25M · May 2009
4704PenthouseAED 7.07M · Feb 2018
4706PenthouseAED 9.8M · Jul 2025
4707PenthouseAED 3.94M · Jul 2018

4705, Golden Mile 04 in numbers

  • Sold twice: first on 28 May 2009 for AED 3,733,733, last on 13 December 2020 for AED 2,850,000 (AED 722 per sqft).
  • Rented since June 2014 on 4 Ejari contracts, from AED 210,000 to AED 198,000 a year.
  • At AED 198,000 a year the gross yield on the 2020 price is 7.0%, before a service charge of about AED 61,100 a year (AED 15.49 per sqft).

Source: Dubai Land Department. Updated 13 December 2020.

Questions about 4705, Golden Mile 04

What did unit 4705 last sell for?

AED 2,850,000 on 13 December 2020: AED 722 per sqft for 3,946 sqft. The unit has 2 registered sales; the first was AED 3,733,733 in May 2009.

What is the rent for unit 4705?

AED 198,000 a year on the contract signed on 25 April 2020. The previous contract, from April 2019, was AED 210,000; the unit has been rented since June 2014.

How big is unit 4705?

3,946 sqft (366.6 sqm): a penthouse on the 7th floor of a 7-storey tower completed in 2009.

What is unit 4705 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 4705, Golden Mile 04

Starts from the last sale price (AED 2.85M, 13 December 2020). Switch to today's estimate once you have unlocked it.
Price
AED 2,850,000
Deposit, UAE resident (20%)
AED 570,000
Deposit, non-resident (40%)
AED 1,140,000
Monthly over 25 years at 3.7%
AED 11,660

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