3-bed · 3,329 sqftGolden Mile 05, Palm Jumeirah · 6th floor · completed 2009

5608, Golden Mile 05

Sold prices and rental history: sold twice, last in April 2022, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5608 · DLD and Ejari recordsUpdated 12 April 2022
Last soldAED 4.12M12 April 2022
Current rentAED 168K /yr6 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5608, Golden Mile 05

What is 5608 worth today?

Last sold for AED 4,120,000 in 2022

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12 Apr 2022SoldReady
AED 4,120,000AED 1,237 per sqft
6 Aug 2021RentedRenewal
AED 168,000/yr12 months · AED 50 per sqft
6 Aug 2020RentedNew contract
AED 160,000/yr12 months · AED 48 per sqft
1 Aug 2019RentedNew contract
AED 180,000/yr12 months · AED 54 per sqft
15 Jun 2018RentedRenewal
AED 200,000/yr12 months · AED 60 per sqft
15 Jun 2017RentedRenewal
AED 220,000/yr12 months · AED 66 per sqft
15 Jun 2016RentedRenewal
AED 225,000/yr12 months · AED 68 per sqft
15 Jun 2015RentedNew contract
AED 220,000/yr12 months · AED 66 per sqft

Source: Dubai Land Department. Updated 12 April 2022.

Key facts

Type
3-bed apartment
Size
3,329 sqft
Floor
6th of 7
Parking
Building 5-B3-87
Developer
Souq Residences
Completed
2009
Service charge
AED 51,600 /yr
Last sold
AED 4.12M · April 2022

About 5608, Golden Mile 05

5608 is a three-bedroom apartment of 3,329 sqft on the 6th floor of Golden Mile 05, a 7-storey tower in Palm Jumeirah completed in 2009 by Souq Residences. It last sold on 12 April 2022 for AED 4,120,000, or AED 1,237 per sqft.

It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, renewed on 6 August 2021, is AED 168,000 a year: a gross yield of 4.1% on the 2022 price, before the service charge of about AED 51,600 a year.

Sales and rents for 5608 over time

Sales
Unit 5608, each saleTypical three-bed in Golden Mile 05
2M4M6M2009201420192024Typical sale price by year: 2009 AED 2,565,000; 2013 AED 2,275,000; 2014 AED 3,600,000; 2015 AED 3,090,000; 2016 AED 2,750,000; 2022 AED 4,190,000; 2023 AED 4,600,000; 2025 AED 6,100,000Sold by developer, May 2009: AED 2,700,000 (AED 811 per sqft)Sold, April 2022: AED 4,120,000 (AED 1,237 per sqft)

5608 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 5608, each contractTypical three-bed in Golden Mile 05
200K400K2014201820222026Typical rent by year: 2014 AED 230,000; 2015 AED 225,500; 2016 AED 220,000; 2017 AED 195,000; 2018 AED 180,000; 2019 AED 170,000; 2020 AED 155,000; 2021 AED 165,400; 2022 AED 180,000; 2023 AED 188,034; 2024 AED 218,675; 2025 AED 300,000; 2026 AED 415,000New contract, June 2014: AED 220,000 a yearNew contract, June 2015: AED 220,000 a yearRenewal, June 2016: AED 225,000 a yearRenewal, June 2017: AED 220,000 a yearRenewal, June 2018: AED 200,000 a yearNew contract, August 2019: AED 180,000 a yearNew contract, August 2020: AED 160,000 a yearRenewal, August 2021: AED 168,000 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 05, and where 5608 sits

All 16 3-beds →

Over the last 12 months three-beds sold for AED 5,830,000 to 9,500,000, around AED 1,790 per sqft, and rent for AED 220,000 to 650,000 a year. 5608's AED 168,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
25 Sep 20265,830,000
8 Jan 20267,000,000
3 Dec 20259,500,000
30 Jun 20254,875,000
3 3-bed sales in the last 12 months

Golden Mile 05

Building

83 apartments, 1-bed to 3-bed over 7 floors in Palm Jumeirah, completed in 2009 by Souq Residences. 5 sold in the last 12 months.

Typical price per sqft
AED 1,960
Typical sale
AED 5.83M
Typical rent
AED 187K /yr
Typical yield
5.2%
Golden Mile 05, Palm Jumeirah: prices, sales and rents →

Other units on the 6th floor

All 83 units in Golden Mile 05
Value
56011-bedAED 1.29M · May 2009
56022-bedAED 1.31M · Sep 2020
56032-bedAED 3.8M · Nov 2025
56041-bedAED 1.6M · Jun 2022
56052-bedAED 2.7M · Mar 2024
56061-bedAED 1.63M · Aug 2015
56072-bedAED 2.1M · Mar 2016
1–7 of 11

5608, Golden Mile 05 in numbers

  • Sold twice: first on 21 May 2009 for AED 2,700,000, last on 12 April 2022 for AED 4,120,000 (AED 1,237 per sqft).
  • Rented since June 2014 on 8 Ejari contracts, from AED 220,000 to AED 168,000 a year.
  • At AED 168,000 a year the gross yield on the 2022 price is 4.1%, before a service charge of about AED 51,600 a year (AED 15.49 per sqft).
  • Three-beds in Golden Mile 05 sold for AED 5,830,000–9,500,000 in the 12 months to November 2026; the building's median across all types is AED 1,960 per sqft.

Source: Dubai Land Department. Updated 12 April 2022.

Questions about 5608, Golden Mile 05

What did unit 5608 last sell for?

AED 4,120,000 on 12 April 2022: AED 1,237 per sqft for 3,329 sqft. The unit has 2 registered sales; the first was AED 2,700,000 in May 2009.

What is the rent for unit 5608?

AED 168,000 a year on the contract renewed on 6 August 2021. The previous contract, from August 2020, was AED 160,000; the unit has been rented since June 2014.

How big is unit 5608?

3,329 sqft (309.3 sqm): a three-bedroom apartment on the 6th floor of a 7-storey tower completed in 2009.

What is unit 5608 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 05 sold for AED 5,830,000 to 9,500,000 in the last 12 months, around AED 1,790 per sqft.

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Mortgage on 5608, Golden Mile 05

Starts from the last sale price (AED 4.12M, 12 April 2022). Switch to today's estimate once you have unlocked it.
Price
AED 4,120,000
Deposit, UAE resident (20%)
AED 824,000
Deposit, non-resident (40%)
AED 1,648,000
Monthly over 25 years at 3.7%
AED 16,856

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