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3-bed · 3,322 sqftGolden Mile 07, Palm Jumeirah · 1st floor · completed 2009

7108, Golden Mile 07

Sold prices and rental history: sold 3 times, last in October 2021, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 7108 · DLD and Ejari recordsUpdated 19 October 2021
Last soldAED 3.85M19 October 2021
Current rentAED 220K /yr13 August 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 7108, Golden Mile 07

What is 7108 worth today?

Last sold for AED 3,850,000 in 2021

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19 Oct 2021SoldReady
AED 3,850,000AED 1,159 per sqft
13 Aug 2020RentedRenewal
AED 220,000/yr12 months · AED 66 per sqft
13 Aug 2019RentedRenewal
AED 220,000/yr12 months · AED 66 per sqft
13 Aug 2018RentedNew contract
AED 220,000/yr12 months · AED 66 per sqft
7 Mar 2012SoldOff-plan
AED 2,500,000AED 752 per sqft
21 May 2009Sold by developerOff-plan
AED 2,800,000AED 842 per sqft

Source: Dubai Land Department. Updated 19 October 2021.

Key facts

Type
3-bed apartment
Size
3,322 sqft
Floor
1st of 7
Parking
Building 7- B3-26
Developer
Souq Residences
Completed
2009
Service charge
AED 51,500 /yr
Last sold
AED 3.85M · October 2021
Building
Golden Mile 07

About 7108, Golden Mile 07

7108 is a three-bedroom apartment of 3,322 sqft on the 1st floor of Golden Mile 07, a 7-storey tower in Palm Jumeirah completed in 2009 by Souq Residences. It last sold on 19 October 2021 for AED 3,850,000, or AED 1,159 per sqft.

It has been rented since 2018 on 3 Ejari contracts. The current contract, renewed on 13 August 2020, is AED 220,000 a year: a gross yield of 5.7% on the 2021 price, before the service charge of about AED 51,500 a year.

Sales and rents for 7108 over time

Sales
Unit 7108, each saleTypical three-bed in Golden Mile 07
2M3M4M2009201320172021Typical sale price by year: 2009 AED 2,750,000; 2011 AED 2,200,000; 2012 AED 1,820,000; 2013 AED 2,775,000; 2023 AED 3,875,000Sold by developer, May 2009: AED 2,800,000 (AED 842 per sqft)Sold, March 2012: AED 2,500,000 (AED 752 per sqft)Sold, October 2021: AED 3,850,000 (AED 1,159 per sqft)

7108 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 7108, each contractTypical three-bed in Golden Mile 07
200K300K2016201920222025Typical rent by year: 2016 AED 188,750; 2017 AED 215,000; 2018 AED 196,455; 2019 AED 200,000; 2020 AED 180,000; 2021 AED 180,000; 2022 AED 200,000; 2023 AED 225,000; 2025 AED 287,500; 2026 AED 300,000New contract, August 2018: AED 220,000 a yearRenewal, August 2019: AED 220,000 a yearRenewal, August 2020: AED 220,000 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 07, and where 7108 sits

All 14 3-beds →

7108's AED 220,000 is in the upper half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
15 Apr 20257,750,000
21 May 20247,850,000
21 Dec 20234,000,000
5 Jun 20234,300,000
0 3-bed sales in the last 12 months

Golden Mile 07

Building

79 apartments, 1-bed to 4-bed over 7 floors in Palm Jumeirah, completed in 2009 by Souq Residences. 1 sold in the last 12 months.

Typical price per sqft
AED 1,762
Typical sale
AED 17.5M
Typical rent
AED 170K /yr
Typical yield
5.2%
Golden Mile 07, Palm Jumeirah: prices, sales and rents →

Other units on the 1st floor

All 79 units in Golden Mile 07
Value
71011-bedAED 1.39M · May 2009
71022-bedAED 2.28M · Jul 2023
71032-bedAED 1.62M · May 2009
71041-bedAED 1.32M · May 2009
71052-bedAED 2.18M · Apr 2023
71061-bedAED 1.63M · May 2023
71072-bedAED 1.7M · May 2009
1–7 of 11

7108, Golden Mile 07 in numbers

  • Sold 3 times: first on 21 May 2009 for AED 2,800,000, last on 19 October 2021 for AED 3,850,000 (AED 1,159 per sqft).
  • Rented since August 2018 on 3 Ejari contracts, at AED 220,000 a year.
  • At AED 220,000 a year the gross yield on the 2021 price is 5.7%, before a service charge of about AED 51,500 a year (AED 15.49 per sqft).

Source: Dubai Land Department. Updated 19 October 2021.

Questions about 7108, Golden Mile 07

What did unit 7108 last sell for?

AED 3,850,000 on 19 October 2021: AED 1,159 per sqft for 3,322 sqft. The unit has 3 registered sales; the first was AED 2,800,000 in May 2009.

What is the rent for unit 7108?

AED 220,000 a year on the contract renewed on 13 August 2020. The previous contract, from August 2019, was AED 220,000; the unit has been rented since August 2018.

How big is unit 7108?

3,322 sqft (308.6 sqm): a three-bedroom apartment on the 1st floor of a 7-storey tower completed in 2009.

What is unit 7108 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 7108, Golden Mile 07

Starts from the last sale price (AED 3.85M, 19 October 2021). Switch to today's estimate once you have unlocked it.
Price
AED 3,850,000
Deposit, UAE resident (20%)
AED 770,000
Deposit, non-resident (40%)
AED 1,540,000
Monthly over 25 years at 3.7%
AED 15,752

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