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1-bed · 1,290 sqftGolden Mile 07, Palm Jumeirah · 3rd floor · completed 2009

7306, Golden Mile 07

Sold prices and rental history: sold once, by the developer in May 2009, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 7306 · DLD and Ejari recordsUpdated 25 November 2021
Last soldAED 1.42M21 May 2009
Current rentAED 70K /yr25 November 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 7306, Golden Mile 07

What is 7306 worth today?

Last sold for AED 1,420,000 in 2009

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25 Nov 2021RentedRenewal
AED 70,000/yr12 months · AED 54 per sqft
25 Nov 2020RentedNew contract
AED 62,000/yr12 months · AED 48 per sqft
16 Jan 2019RentedRenewal
AED 95,000/yr12 months · AED 74 per sqft
16 Jan 2018RentedNew contract
AED 95,000/yr12 months · AED 74 per sqft
21 May 2009Sold by developerOff-plan
AED 1,420,000AED 1,101 per sqft

Source: Dubai Land Department. Updated 25 November 2021.

Key facts

Type
1-bed apartment
Size
1,290 sqft
Floor
3rd of 7
Parking
Building 7- B3-32
Developer
Souq Residences
Completed
2009
Service charge
AED 20,000 /yr
Last sold
AED 1.42M · May 2009
Building
Golden Mile 07

About 7306, Golden Mile 07

7306 is a one-bedroom apartment of 1,290 sqft on the 3rd floor of Golden Mile 07, a 7-storey tower in Palm Jumeirah completed in 2009 by Souq Residences. The developer sold it on 21 May 2009 for AED 1,420,000, or AED 1,101 per sqft, in line with the AED 1,083 one-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, renewed on 25 November 2021, is AED 70,000 a year: a gross yield of 4.9% on the 2009 price, before the service charge of about AED 20,000 a year.

Sales and rents for 7306 over time

Sales
Unit 7306, each saleTypical one-bed in Golden Mile 07
1M1.5M2009201320172021Typical sale price by year: 2009 AED 1,390,000; 2011 AED 1,100,000; 2012 AED 827,500; 2013 AED 1,500,000; 2022 AED 1,530,000Sold by developer, May 2009: AED 1,420,000 (AED 1,101 per sqft)

7306 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 7306, each contractTypical one-bed in Golden Mile 07
50K100K150K2016201920222025Typical rent by year: 2016 AED 120,000; 2017 AED 120,000; 2018 AED 100,000; 2019 AED 90,000; 2020 AED 74,500; 2021 AED 74,000; 2022 AED 85,000; 2023 AED 101,500; 2024 AED 130,000; 2025 AED 140,000; 2026 AED 120,000New contract, January 2018: AED 95,000 a yearRenewal, January 2019: AED 95,000 a yearNew contract, November 2020: AED 62,000 a yearRenewal, November 2021: AED 70,000 a year

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

1-beds in Golden Mile 07, and where 7306 sits

All 18 1-beds →

7306 last sold in May 2009 at AED 1,101 per sqft, in line with what one-beds in Golden Mile 07 were fetching at the time (AED 1,083). 7306's AED 70,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
27 May 20242,400,000
11 Dec 20232,170,000
31 May 20231,625,000
29 Aug 20221,530,000
0 1-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 3rd floor

All 79 units in Golden Mile 07
Value
73011-bedAED 1.03M · Jul 2012
73022-bedAED 1.18M · Jan 2017
73032-bedAED 2.1M · Mar 2023
73041-bedAED 1M · Apr 2021
73052-bedAED 1.42M · Jul 2010
73072-bedAED 2.95M · Feb 2025
73083-bedAED 4.5M · Nov 2014
1–7 of 11

7306, Golden Mile 07 in numbers

  • Sold once: by Souq Residences on 21 May 2009 for AED 1,420,000, or AED 1,101 per sqft.
  • Rented since January 2018 on 4 Ejari contracts. The rent fell from AED 95,000 to AED 62,000 in 2020 and recovered to AED 70,000 by November 2021.
  • At AED 70,000 a year the gross yield on the 2009 price is 4.9%, before a service charge of about AED 20,000 a year (AED 15.49 per sqft).

Source: Dubai Land Department. Updated 25 November 2021.

Questions about 7306, Golden Mile 07

What did unit 7306 last sell for?

AED 1,420,000 on 21 May 2009, sold by the developer: AED 1,101 per sqft for 1,290 sqft. It is the only registered sale of the unit.

What is the rent for unit 7306?

AED 70,000 a year on the contract renewed on 25 November 2021. The previous contract, from November 2020, was AED 62,000; the unit has been rented since January 2018.

How big is unit 7306?

1,290 sqft (119.8 sqm): a one-bedroom apartment on the 3rd floor of a 7-storey tower completed in 2009.

What is unit 7306 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 7306, Golden Mile 07

Starts from the last sale price (AED 1.42M, 21 May 2009). Switch to today's estimate once you have unlocked it.
Price
AED 1,420,000
Deposit, UAE resident (20%)
AED 284,000
Deposit, non-resident (40%)
AED 568,000
Monthly over 25 years at 3.7%
AED 5,810

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