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3-bed · 2,420 sqftGolden Mile 07, Palm Jumeirah · 3rd floor · completed 2009

7312, Golden Mile 07

Sold prices and rental history: sold 4 times, last in June 2017, and rented once, from April 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 7312 · DLD and Ejari recordsUpdated 19 June 2017
Last soldAED 3M19 June 2017
Current rentAED 185K /yr1 April 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 7312, Golden Mile 07

What is 7312 worth today?

Last sold for AED 3,000,000 in 2017

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19 Jun 2017SoldReady
AED 3,000,000AED 1,239 per sqft
1 Apr 2016RentedNew contract
AED 185,000/yr12 months · AED 76 per sqft
7 Oct 2013SoldOff-plan
AED 2,500,000AED 1,033 per sqft
26 Jun 2012SoldOff-plan
AED 1,820,000AED 752 per sqft
17 Apr 2012Sold by developerOff-plan
AED 1,300,000AED 537 per sqft

Source: Dubai Land Department. Updated 19 June 2017.

Key facts

Type
3-bed apartment
Size
2,420 sqft
Floor
3rd of 7
Parking
Building 7- B3-52
Developer
Souq Residences
Completed
2009
Service charge
AED 37,500 /yr
Last sold
AED 3M · June 2017
Building
Golden Mile 07

About 7312, Golden Mile 07

7312 is a three-bedroom apartment of 2,420 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 19 June 2017 for AED 3,000,000, or AED 1,239 per sqft.

One Ejari contract is registered, from 1 April 2016. The current contract, signed on 1 April 2016, is AED 185,000 a year: a gross yield of 6.2% on the 2017 price, before the service charge of about AED 37,500 a year.

Sales and rents for 7312 over time

Sales
Unit 7312, each saleTypical three-bed in Golden Mile 07
2M4M2009201320172021Typical 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, April 2012: AED 1,300,000 (AED 537 per sqft)Sold, June 2012: AED 1,820,000 (AED 752 per sqft)Sold, October 2013: AED 2,500,000 (AED 1,033 per sqft)Sold, June 2017: AED 3,000,000 (AED 1,239 per sqft)

7312 has sold 4 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 7312, 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, April 2016: AED 185,000 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 7312 sits

All 14 3-beds →

7312's AED 185,000 is in the lower 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 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

7312, Golden Mile 07 in numbers

  • Sold 4 times: first on 17 April 2012 for AED 1,300,000, last on 19 June 2017 for AED 3,000,000 (AED 1,239 per sqft).
  • Rented since April 2016 on one Ejari contract, at AED 185,000 a year.
  • At AED 185,000 a year the gross yield on the 2017 price is 6.2%, before a service charge of about AED 37,500 a year (AED 15.49 per sqft).

Source: Dubai Land Department. Updated 19 June 2017.

Questions about 7312, Golden Mile 07

What did unit 7312 last sell for?

AED 3,000,000 on 19 June 2017: AED 1,239 per sqft for 2,420 sqft. The unit has 4 registered sales; the first was AED 1,300,000 in April 2012.

What is the rent for unit 7312?

AED 185,000 a year on the contract signed on 1 April 2016.

How big is unit 7312?

2,420 sqft (224.8 sqm): a three-bedroom apartment on the 3rd floor of a 7-storey tower completed in 2009.

What is unit 7312 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 7312, Golden Mile 07

Starts from the last sale price (AED 3M, 19 June 2017). Switch to today's estimate once you have unlocked it.
Price
AED 3,000,000
Deposit, UAE resident (20%)
AED 600,000
Deposit, non-resident (40%)
AED 1,200,000
Monthly over 25 years at 3.7%
AED 12,274

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