6704, Golden Mile 06
Sold prices and rental history: sold once, by the developer in December 2009, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 6704, Golden Mile 06
What is 6704 worth today?
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Source: Dubai Land Department. Updated 1 May 2024.
Key facts
- Type
- Penthouse apartment
- Size
- 10,222 sqft
- Floor
- 7th of 7
- Parking
- Building 6-B3-126,127,128
- Developer
- Souq Residences
- Completed
- 2009
- Service charge
- AED 158,300 /yr
- Last sold
- AED 5.6M · December 2009
- Building
- Golden Mile 06
About 6704, Golden Mile 06
6704 is a penthouse of 10,222 sqft on the 7th floor of Golden Mile 06, a 7-storey tower in Palm Jumeirah completed in 2009 by Souq Residences. The developer sold it on 9 December 2009 for AED 5,600,000, or AED 547 per sqft, 25% below the AED 727 penthouses in the building were fetching at the time.
It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, signed on 1 May 2024, is AED 500,000 a year: a gross yield of 8.9% on the 2009 price, before the service charge of about AED 158,300 a year.
Sales and rents for 6704 over time
Annual rent on each registered contract; the dashed line is the penthouse median of each year in the building.
Penthouses in Golden Mile 06, and where 6704 sits
All 7 penthouses →6704 last sold in December 2009 at AED 547 per sqft, 25% below what penthouses in Golden Mile 06 were fetching at the time (AED 727). Over the last 12 months penthouses sold for AED 7,600,000, around AED 1,926 per sqft, and rent for AED 385,875 to 418,488 a year.
| Recent penthouse sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Jul 20267 July 2026 | 3,946 sqft | 7,600,000 | 1,926 | ||
| 20 Sep 202320 September 2023 | 4,677 sqft | 4,999,000 | 1,068 | ||
| 17 May 202217 May 2022 | 4,369 sqft | 4,250,000 | 972 | ||
| 28 Apr 201928 April 2019 | 3,946 sqft | 3,575,000 | 906 |
Golden Mile 06
Building84 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%
Other units on the 7th floor
All 84 units in Golden Mile 06| ValueToday's value | |||||
|---|---|---|---|---|---|
| 6701 | Penthouse | 4,882 sqft | AED 3.55MAED 3,550,000 · May 2009May 2009 | 385,875 /yr | |
| 6702 | Penthouse | 4,369 sqft | AED 4.25MAED 4,250,000 · May 2022May 2022 | 290,000 /yr | |
| 6703 | Penthouse | 4,677 sqft | AED 5MAED 4,999,000 · Sep 2023September 2023 | 255,000 /yr | |
| 6705 | Penthouse | 3,946 sqft | AED 7.6MAED 7,600,000 · Jul 2026July 2026 | 230,000 /yr | |
| 6706 | Penthouse | 4,442 sqft | AED 4.2MAED 4,200,000 · Feb 2014February 2014 | ||
| 6707 | Penthouse | 5,111 sqft | AED 3.1MAED 3,100,000 · Mar 2015March 2015 | 418,488 /yr |
6704, Golden Mile 06 in numbers
- Sold once: by Souq Residences on 9 December 2009 for AED 5,600,000, or AED 547 per sqft.
- Rented since January 2018 on 6 Ejari contracts, from AED 270,000 to AED 500,000 a year.
- At AED 500,000 a year the gross yield on the 2009 price is 8.9%, before a service charge of about AED 158,300 a year (AED 15.49 per sqft).
- Penthouses in Golden Mile 06 sold for AED 7,600,000–7,600,000 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 1 May 2024.
Questions about 6704, Golden Mile 06
What did unit 6704 last sell for?
AED 5,600,000 on 9 December 2009, sold by the developer: AED 547 per sqft for 10,222 sqft. It is the only registered sale of the unit.
What is the rent for unit 6704?
AED 500,000 a year on the contract signed on 1 May 2024. The previous contract, from December 2022, was AED 385,000; the unit has been rented since January 2018.
How big is unit 6704?
10,222 sqft (949.7 sqm): a penthouse on the 7th floor of a 7-storey tower completed in 2009.
What is unit 6704 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Penthouses in Golden Mile 06 sold for AED 7,600,000 to 7,600,000 in the last 12 months, around AED 1,926 per sqft.
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Mortgage on 6704, Golden Mile 06
Starts from the last sale price (AED 5.6M, 9 December 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 5,600,000
- Deposit, UAE resident (20%)
- AED 1,120,000
- Deposit, non-resident (40%)
- AED 2,240,000
- Monthly over 25 years at 3.7%
- AED 22,911
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →