G-503, Golden Mile 05
Sold prices and rental history: sold 4 times, last in November 2022, and rented since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for G-503, Golden Mile 05
What is G-503 worth today?
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Source: Dubai Land Department. Updated 23 November 2022.
Key facts
- Type
- 3-bed apartment
- Size
- 5,396 sqft
- Floor
- Ground of 7
- Parking
- Building 5-(3)
- Developer
- Souq Residences
- Completed
- 2009
- Service charge
- AED 83,600 /yr
- Last sold
- AED 4.26M · November 2022
- Building
- Golden Mile 05
About G-503, Golden Mile 05
G-503 is a three-bedroom apartment of 5,396 sqft on the ground floor of Golden Mile 05, a 7-storey tower in Palm Jumeirah completed in 2009 by Souq Residences. It last sold on 23 November 2022 for AED 4,260,000, or AED 789 per sqft, 23% below the AED 1,025 three-beds in the building were fetching at the time.
It has been rented since 2015 on 3 Ejari contracts. The current contract, signed on 12 January 2018, is AED 120,000 a year: a gross yield of 2.8% on the 2022 price, before the service charge of about AED 83,600 a year.
Sales and rents for G-503 over time
G-503 has sold 4 times; the dashed line is the three-bed median of each year in the building.
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 G-503 sits
All 16 3-beds →G-503 last sold in November 2022 at AED 789 per sqft, 23% below what three-beds in Golden Mile 05 were fetching at the time (AED 1,025). 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. G-503's AED 120,000 is at the bottom of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 25 Sep 202625 September 2026 | 2,421 sqft | 5,830,000 | 2,407 | ||
| 8 Jan 20268 January 2026 | 3,967 sqft | 7,000,000 | 1,764 | ||
| 3 Dec 20253 December 2025 | 5,306 sqft | 9,500,000 | 1,790 | ||
| 30 Jun 202530 June 2025 | 2,421 sqft | 4,875,000 | 2,013 |
Golden Mile 05
Building83 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%
Other units on the ground floor
All 83 units in Golden Mile 05G-503, Golden Mile 05 in numbers
- Sold 4 times: first on 28 May 2009 for AED 3,750,000, last on 23 November 2022 for AED 4,260,000 (AED 789 per sqft).
- Rented since May 2015 on 3 Ejari contracts, from AED 290,000 to AED 120,000 a year.
- At AED 120,000 a year the gross yield on the 2022 price is 2.8%, before a service charge of about AED 83,600 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 23 November 2022.
Questions about G-503, Golden Mile 05
What did unit G-503 last sell for?
AED 4,260,000 on 23 November 2022: AED 789 per sqft for 5,396 sqft. The unit has 4 registered sales; the first was AED 3,750,000 in May 2009.
What is the rent for unit G-503?
AED 120,000 a year on the contract signed on 12 January 2018. The previous contract, from May 2016, was AED 290,000; the unit has been rented since May 2015.
How big is unit G-503?
5,396 sqft (501.3 sqm): a three-bedroom apartment on the ground floor of a 7-storey tower completed in 2009.
What is unit G-503 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 G-503, Golden Mile 05
Starts from the last sale price (AED 4.26M, 23 November 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 4,260,000
- Deposit, UAE resident (20%)
- AED 852,000
- Deposit, non-resident (40%)
- AED 1,704,000
- Monthly over 25 years at 3.7%
- AED 17,429
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →