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3-bed · 2,414 sqftGolden Mile 07, Palm Jumeirah · 4th floor · completed 2009

7412, Golden Mile 07

Sold prices and rental history: sold 4 times, last in May 2023, and rented once, from May 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 7412 · DLD and Ejari recordsUpdated 16 May 2023
Last soldAED 3.75M16 May 2023
Current rentAED 250K /yr1 May 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 7412, Golden Mile 07

What is 7412 worth today?

Last sold for AED 3,750,000 in 2023

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16 May 2023SoldReady
AED 3,750,000AED 1,553 per sqft
1 May 2022RentedNew contract
AED 250,000/yr12 months · AED 104 per sqft
27 Nov 2013SoldOff-plan
AED 3,500,000AED 1,449 per sqft
1 Oct 2013SoldOff-plan
AED 2,750,000AED 1,138 per sqft
24 May 2009Sold by developerOff-plan
AED 2,700,000AED 1,118 per sqft

Source: Dubai Land Department. Updated 16 May 2023.

Key facts

Type
3-bed apartment
Size
2,414 sqft
Floor
4th of 7
Parking
Building 7-B3-51
Developer
Souq Residences
Completed
2009
Service charge
AED 37,400 /yr
Last sold
AED 3.75M · May 2023
Building
Golden Mile 07

About 7412, Golden Mile 07

7412 is a three-bedroom apartment of 2,414 sqft on the 4th floor of Golden Mile 07, a 7-storey tower in Palm Jumeirah completed in 2009 by Souq Residences. It last sold on 16 May 2023 for AED 3,750,000, or AED 1,553 per sqft, 11% above the AED 1,399 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 May 2022. The current contract, signed on 1 May 2022, is AED 250,000 a year: a gross yield of 6.7% on the 2023 price, before the service charge of about AED 37,400 a year.

Sales and rents for 7412 over time

Sales
Unit 7412, 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 2,700,000 (AED 1,118 per sqft)Sold, October 2013: AED 2,750,000 (AED 1,138 per sqft)Sold, November 2013: AED 3,500,000 (AED 1,449 per sqft)Sold, May 2023: AED 3,750,000 (AED 1,553 per sqft)

7412 has sold 4 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 7412, 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, May 2022: AED 250,000 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 7412 sits

All 14 3-beds →

7412 last sold in May 2023 at AED 1,553 per sqft, 11% above what three-beds in Golden Mile 07 were fetching at the time (AED 1,399). 7412's AED 250,000 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 4th floor

All 79 units in Golden Mile 07
Value
74011-bedAED 1.78M · Mar 2015
74022-bedAED 1.8M · May 2009
74032-bedAED 1.84M · Feb 2022
74041-bedAED 1.1M · Dec 2011
74052-bedAED 912K · Mar 2017
74061-bedAED 1.6M · Jan 2022
74072-bedAED 1.85M · Jul 2018
1–7 of 11

7412, Golden Mile 07 in numbers

  • Sold 4 times: first on 24 May 2009 for AED 2,700,000, last on 16 May 2023 for AED 3,750,000 (AED 1,553 per sqft).
  • Rented since May 2022 on one Ejari contract, at AED 250,000 a year.
  • At AED 250,000 a year the gross yield on the 2023 price is 6.7%, before a service charge of about AED 37,400 a year (AED 15.49 per sqft).

Source: Dubai Land Department. Updated 16 May 2023.

Questions about 7412, Golden Mile 07

What did unit 7412 last sell for?

AED 3,750,000 on 16 May 2023: AED 1,553 per sqft for 2,414 sqft. The unit has 4 registered sales; the first was AED 2,700,000 in May 2009.

What is the rent for unit 7412?

AED 250,000 a year on the contract signed on 1 May 2022.

How big is unit 7412?

2,414 sqft (224.3 sqm): a three-bedroom apartment on the 4th floor of a 7-storey tower completed in 2009.

What is unit 7412 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 7412, Golden Mile 07

Starts from the last sale price (AED 3.75M, 16 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,750,000
Deposit, UAE resident (20%)
AED 750,000
Deposit, non-resident (40%)
AED 1,500,000
Monthly over 25 years at 3.7%
AED 15,342

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