2-bed · 894 sqftGolden Mile 07, Palm Jumeirah · 3rd floor · completed 2009

7311, Golden Mile 07

Sold prices and rental history: sold twice, last in June 2012, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 7311 · DLD and Ejari recordsUpdated 26 June 2012
Last soldAED 1.55M26 June 2012
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 7311, Golden Mile 07

What is 7311 worth today?

Last sold for AED 1,550,000 in 2012

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26 Jun 2012SoldOff-plan
AED 1,550,000AED 863 per sqft
17 Apr 2012Sold by developerOff-plan
AED 1,050,000AED 585 per sqft

Source: Dubai Land Department. Updated 26 June 2012.

Key facts

Type
2-bed apartment
Size
894 sqft
Floor
3rd of 7
Parking
BUILDING 7-B3-120 , B3-119
Developer
Souq Residences
Completed
2009
Service charge
AED 13,800 /yr
Last sold
AED 1.55M · June 2012

About 7311, Golden Mile 07

7311 is a two-bedroom apartment of 894 sqft on the 3rd floor of Golden Mile 07, a 7-storey tower in Palm Jumeirah completed in 2009 by Souq Residences. It last sold on 26 June 2012 for AED 1,550,000, or AED 863 per sqft, 15% above the AED 753 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 7311 over time

Sales
Unit 7311, each saleTypical two-bed in Golden Mile 07
2M4M2009201420192024Typical sale price by year: 2009 AED 1,900,000; 2011 AED 1,352,500; 2012 AED 1,537,500; 2013 AED 1,825,000; 2016 AED 1,900,000; 2017 AED 1,175,000; 2020 AED 1,287,500; 2022 AED 1,375,500; 2023 AED 2,525,000; 2024 AED 3,275,000; 2025 AED 3,950,000Sold by developer, April 2012: AED 1,050,000 (AED 585 per sqft)Sold, June 2012: AED 1,550,000 (AED 863 per sqft)

7311 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 7311, each contractTypical two-bed in Golden Mile 07
100K150K200K2016201920222025Typical rent by year: 2016 AED 155,000; 2017 AED 147,500; 2018 AED 130,000; 2019 AED 120,000; 2020 AED 105,000; 2021 AED 104,500; 2022 AED 114,950; 2023 AED 131,553; 2024 AED 177,500; 2025 AED 210,000; 2026 AED 182,500

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 07, and where 7311 sits

All 42 2-beds →

7311 last sold in June 2012 at AED 863 per sqft, 15% above what two-beds in Golden Mile 07 were fetching at the time (AED 753).

Recent 2-bed salesUnit no.Price (AED)Summary
3 Sep 20254,990,000
13 Feb 20252,950,000
19 Jan 20253,950,000
23 Aug 20243,350,000
0 2-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
73061-bedAED 1.42M · May 2009
73072-bedAED 2.95M · Feb 2025
1–7 of 11

7311, Golden Mile 07 in numbers

  • Sold twice: first on 17 April 2012 for AED 1,050,000, last on 26 June 2012 for AED 1,550,000 (AED 863 per sqft).

Source: Dubai Land Department. Updated 26 June 2012.

Questions about 7311, Golden Mile 07

What did unit 7311 last sell for?

AED 1,550,000 on 26 June 2012: AED 863 per sqft for 894 sqft. The unit has 2 registered sales; the first was AED 1,050,000 in April 2012.

How big is unit 7311?

894 sqft (83.1 sqm): a two-bedroom apartment on the 3rd floor of a 7-storey tower completed in 2009.

What is unit 7311 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 7311, Golden Mile 07

Starts from the last sale price (AED 1.55M, 26 June 2012). Switch to today's estimate once you have unlocked it.
Price
AED 1,550,000
Deposit, UAE resident (20%)
AED 310,000
Deposit, non-resident (40%)
AED 620,000
Monthly over 25 years at 3.7%
AED 6,342

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