2-bed · 1,794 sqftGolden Mile 06, Palm Jumeirah · 3rd floor · completed 2009

6311, Golden Mile 06

Sold prices and rental history: sold 3 times, last in April 2023, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 6311 · DLD and Ejari recordsUpdated 28 April 2023
Last soldAED 2.54M28 April 2023
Current rentAED 150K /yr25 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 6311, Golden Mile 06

What is 6311 worth today?

Last sold for AED 2,540,000 in 2023

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28 Apr 2023SoldReady
AED 2,540,000AED 1,415 per sqft
25 Aug 2022RentedNew contract
AED 150,000/yr12 months · AED 83 per sqft
21 Jun 2022RentedRenewal
AED 126,000/yr12 months · AED 70 per sqft
21 Jun 2021RentedNew contract
AED 120,000/yr12 months · AED 67 per sqft
20 Jul 2016SoldReady
AED 900,000AED 501 per sqft
20 May 2012Sold by developerOff-plan
AED 900,000AED 501 per sqft

Source: Dubai Land Department. Updated 28 April 2023.

Key facts

Type
2-bed apartment
Size
1,794 sqft
Floor
3rd of 7
Parking
Building 6-B3-25
Developer
Souq Residences
Completed
2009
Service charge
AED 27,800 /yr
Last sold
AED 2.54M · April 2023

About 6311, Golden Mile 06

6311 is a two-bedroom apartment of 1,794 sqft on the 3rd floor of Golden Mile 06, a 7-storey tower in Palm Jumeirah completed in 2009 by Souq Residences. It last sold on 28 April 2023 for AED 2,540,000, or AED 1,415 per sqft, 31% above the AED 1,083 two-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 25 August 2022, is AED 150,000 a year: a gross yield of 5.9% on the 2023 price, before the service charge of about AED 27,800 a year.

Sales and rents for 6311 over time

Sales
Unit 6311, each saleTypical two-bed in Golden Mile 06
2M2009201420192024Typical sale price by year: 2009 AED 1,590,000; 2012 AED 837,500; 2013 AED 1,500,000; 2014 AED 2,700,000; 2016 AED 837,500; 2019 AED 1,612,500; 2021 AED 1,687,500; 2022 AED 2,015,000; 2023 AED 2,540,000; 2024 AED 3,175,000; 2025 AED 3,200,000Sold by developer, May 2012: AED 900,000 (AED 501 per sqft)Sold, July 2016: AED 900,000 (AED 501 per sqft)Sold, April 2023: AED 2,540,000 (AED 1,415 per sqft)

6311 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 6311, each contractTypical two-bed in Golden Mile 06
100K150K200K2014201820222026Typical rent by year: 2014 AED 160,000; 2015 AED 155,000; 2016 AED 155,000; 2017 AED 150,000; 2018 AED 140,000; 2019 AED 125,000; 2020 AED 100,000; 2021 AED 102,000; 2022 AED 115,000; 2023 AED 131,155; 2024 AED 176,000; 2025 AED 190,000; 2026 AED 185,000New contract, June 2021: AED 120,000 a yearRenewal, June 2022: AED 126,000 a yearNew contract, August 2022: AED 150,000 a year

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

2-beds in Golden Mile 06, and where 6311 sits

All 42 2-beds →

6311 last sold in April 2023 at AED 1,415 per sqft, 31% above what two-beds in Golden Mile 06 were fetching at the time (AED 1,083). Over the last 12 months two-beds sold for AED 3,300,000 to 3,525,000, around AED 1,843 per sqft, and rent for AED 146,000 to 240,000 a year. 6311's AED 150,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
14 Oct 20263,300,000
26 Aug 20263,525,000
6 Aug 20253,200,000
19 Feb 20253,370,000
2 2-bed sales in the last 12 months

Golden Mile 06

Building

84 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 1,926
Typical sale
AED 3.53M
Typical rent
AED 179K /yr
Typical yield
5.2%
Golden Mile 06, Palm Jumeirah: prices, sales and rents →

Other units on the 3rd floor

All 84 units in Golden Mile 06
Value
63011-bedAED 1.65M · Nov 2022
63022-bedAED 634K · Sep 2020
63032-bedAED 2.75M · Sep 2023
63041-bedAED 1.2M · Feb 2013
63052-bedAED 3.53M · Aug 2026
63061-bedAED 1.2M · Jan 2013
63072-bedAED 2.88M · Jun 2024
1–7 of 11

6311, Golden Mile 06 in numbers

  • Sold 3 times: first on 20 May 2012 for AED 900,000, last on 28 April 2023 for AED 2,540,000 (AED 1,415 per sqft).
  • Rented since June 2021 on 3 Ejari contracts, from AED 120,000 to AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2023 price is 5.9%, before a service charge of about AED 27,800 a year (AED 15.49 per sqft).
  • Two-beds in Golden Mile 06 sold for AED 3,300,000–3,525,000 in the 12 months to November 2026; the building's median across all types is AED 1,926 per sqft.

Source: Dubai Land Department. Updated 28 April 2023.

Questions about 6311, Golden Mile 06

What did unit 6311 last sell for?

AED 2,540,000 on 28 April 2023: AED 1,415 per sqft for 1,794 sqft. The unit has 3 registered sales; the first was AED 900,000 in May 2012.

What is the rent for unit 6311?

AED 150,000 a year on the contract signed on 25 August 2022. The previous contract, from June 2022, was AED 126,000; the unit has been rented since June 2021.

How big is unit 6311?

1,794 sqft (166.7 sqm): a two-bedroom apartment on the 3rd floor of a 7-storey tower completed in 2009.

What is unit 6311 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Golden Mile 06 sold for AED 3,300,000 to 3,525,000 in the last 12 months, around AED 1,843 per sqft.

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Mortgage on 6311, Golden Mile 06

Starts from the last sale price (AED 2.54M, 28 April 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,540,000
Deposit, UAE resident (20%)
AED 508,000
Deposit, non-resident (40%)
AED 1,016,000
Monthly over 25 years at 3.7%
AED 10,392

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