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3-bed · 3,754 sqftGolden Mile 07, Palm Jumeirah · 1st floor · completed 2009

7112, Golden Mile 07

Sold prices and rental history: sold 4 times, last in March 2023, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 7112 · DLD and Ejari recordsUpdated 30 March 2023
Last soldAED 2.03M30 March 2023
Current rentAED 240K /yr13 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 7112, Golden Mile 07

What is 7112 worth today?

Last sold for AED 2,025,000 in 2023

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30 Mar 2023SoldReady
AED 2,025,000AED 539 per sqft
13 Nov 2022RentedRenewal
AED 240,000/yr3 months · AED 64 per sqft
13 Aug 2022RentedRenewal
AED 181,480/yr3 months · AED 48 per sqft
13 Aug 2021RentedRenewal
AED 180,000/yr12 months · AED 48 per sqft
13 Aug 2020RentedRenewal
AED 180,000/yr12 months · AED 48 per sqft
13 Aug 2019RentedRenewal
AED 210,000/yr12 months · AED 56 per sqft
1 Aug 2018RentedRenewal
AED 202,909/yr12 months · AED 54 per sqft
1 Aug 2017RentedNew contract
AED 210,000/yr12 months · AED 56 per sqft

Source: Dubai Land Department. Updated 30 March 2023.

Key facts

Type
3-bed apartment
Size
3,754 sqft
Floor
1st of 7
Parking
Building 7-B3-45
Developer
Souq Residences
Completed
2009
Service charge
AED 58,100 /yr
Last sold
AED 2.03M · March 2023
Building
Golden Mile 07

About 7112, Golden Mile 07

7112 is a three-bedroom apartment of 3,754 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 30 March 2023 for AED 2,025,000, or AED 539 per sqft.

It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, renewed on 13 November 2022, is AED 240,000 a year: a gross yield of 11.8% on the 2023 price, before the service charge of about AED 58,100 a year.

Sales and rents for 7112 over time

Sales
Unit 7112, 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 2,400,000 (AED 639 per sqft)Sold, March 2013: AED 1,900,000 (AED 506 per sqft)Sold, June 2013: AED 2,800,000 (AED 745 per sqft)Sold, March 2023: AED 2,025,000 (AED 539 per sqft)

7112 has sold 4 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 7112, 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 2017: AED 210,000 a yearRenewal, August 2018: AED 202,909 a yearRenewal, August 2019: AED 210,000 a yearRenewal, August 2020: AED 180,000 a yearRenewal, August 2021: AED 180,000 a yearRenewal, August 2022: AED 181,480 a yearRenewal, November 2022: AED 240,000 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 7112 sits

All 14 3-beds →

7112's AED 240,000 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

7112, Golden Mile 07 in numbers

  • Sold 4 times: first on 21 May 2009 for AED 2,400,000, last on 30 March 2023 for AED 2,025,000 (AED 539 per sqft).
  • Rented since August 2017 on 7 Ejari contracts. The rent fell from AED 210,000 to AED 180,000 in 2021 and recovered to AED 240,000 by November 2022.
  • At AED 240,000 a year the gross yield on the 2023 price is 11.8%, before a service charge of about AED 58,100 a year (AED 15.49 per sqft).

Source: Dubai Land Department. Updated 30 March 2023.

Questions about 7112, Golden Mile 07

What did unit 7112 last sell for?

AED 2,025,000 on 30 March 2023: AED 539 per sqft for 3,754 sqft. The unit has 4 registered sales; the first was AED 2,400,000 in May 2009.

What is the rent for unit 7112?

AED 240,000 a year on the contract renewed on 13 November 2022. The previous contract, from August 2022, was AED 181,480; the unit has been rented since August 2017.

How big is unit 7112?

3,754 sqft (348.8 sqm): a three-bedroom apartment on the 1st floor of a 7-storey tower completed in 2009.

What is unit 7112 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 7112, Golden Mile 07

Starts from the last sale price (AED 2.03M, 30 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,025,000
Deposit, UAE resident (20%)
AED 405,000
Deposit, non-resident (40%)
AED 810,000
Monthly over 25 years at 3.7%
AED 8,285

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