3-bed · 3,328 sqftGolden Mile 07, Palm Jumeirah · 6th floor · completed 2009

7608, Golden Mile 07

Sold prices and rental history: sold twice, last in June 2023, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 7608 · DLD and Ejari recordsUpdated 5 June 2023
Last soldAED 4.3M5 June 2023
Current rentAED 200K /yr15 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 7608, Golden Mile 07

What is 7608 worth today?

Last sold for AED 4,300,000 in 2023

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5 Jun 2023SoldReady
AED 4,300,000AED 1,292 per sqft
15 Jan 2023RentedRenewal
AED 200,000/yr12 months · AED 60 per sqft
15 Jan 2022RentedNew contract
AED 200,000/yr12 months · AED 60 per sqft
15 Dec 2020RentedNew contract
AED 180,000/yr12 months · AED 54 per sqft
15 Dec 2018RentedNew contract
AED 190,000/yr24 months · AED 57 per sqft
21 May 2009Sold by developerOff-plan
AED 2,835,000AED 851 per sqft

Source: Dubai Land Department. Updated 5 June 2023.

Key facts

Type
3-bed apartment
Size
3,328 sqft
Floor
6th of 7
Parking
Building 7-B3-67
Developer
Souq Residences
Completed
2009
Service charge
AED 51,500 /yr
Last sold
AED 4.3M · June 2023

About 7608, Golden Mile 07

7608 is a three-bedroom apartment of 3,328 sqft on the 6th floor of Golden Mile 07, a 7-storey tower in Palm Jumeirah completed in 2009 by Souq Residences. It last sold on 5 June 2023 for AED 4,300,000, or AED 1,292 per sqft, in line with the AED 1,307 three-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 15 January 2023, is AED 200,000 a year: a gross yield of 4.7% on the 2023 price, before the service charge of about AED 51,500 a year.

Sales and rents for 7608 over time

Sales
Unit 7608, 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, May 2009: AED 2,835,000 (AED 851 per sqft)Sold, June 2023: AED 4,300,000 (AED 1,292 per sqft)

7608 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 7608, 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, December 2018: AED 190,000 a yearNew contract, December 2020: AED 180,000 a yearNew contract, January 2022: AED 200,000 a yearRenewal, January 2023: AED 200,000 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 7608 sits

All 14 3-beds →

7608 last sold in June 2023 at AED 1,292 per sqft, in line with what three-beds in Golden Mile 07 were fetching at the time (AED 1,307). 7608's AED 200,000 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
16 May 20233,600,000
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 6th floor

All 79 units in Golden Mile 07
Value
76011-bedAED 1.64M · May 2009
76022-bedAED 2.5M · May 2023
76032-bedAED 1.38M · Nov 2020
76041-bedAED 1.54M · May 2009
76052-bedAED 685K · Jan 2020
76061-bedAED 1.2M · Jun 2019
76072-bedAED 1.35M · Sep 2019
1–7 of 11

7608, Golden Mile 07 in numbers

  • Sold twice: first on 21 May 2009 for AED 2,835,000, last on 5 June 2023 for AED 4,300,000 (AED 1,292 per sqft).
  • Rented since December 2018 on 4 Ejari contracts, from AED 190,000 to AED 200,000 a year.
  • At AED 200,000 a year the gross yield on the 2023 price is 4.7%, before a service charge of about AED 51,500 a year (AED 15.49 per sqft).

Source: Dubai Land Department. Updated 5 June 2023.

Questions about 7608, Golden Mile 07

What did unit 7608 last sell for?

AED 4,300,000 on 5 June 2023: AED 1,292 per sqft for 3,328 sqft. The unit has 2 registered sales; the first was AED 2,835,000 in May 2009.

What is the rent for unit 7608?

AED 200,000 a year on the contract renewed on 15 January 2023. The previous contract, from January 2022, was AED 200,000; the unit has been rented since December 2018.

How big is unit 7608?

3,328 sqft (309.2 sqm): a three-bedroom apartment on the 6th floor of a 7-storey tower completed in 2009.

What is unit 7608 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 7608, Golden Mile 07

Starts from the last sale price (AED 4.3M, 5 June 2023). Switch to today's estimate once you have unlocked it.
Price
AED 4,300,000
Deposit, UAE resident (20%)
AED 860,000
Deposit, non-resident (40%)
AED 1,720,000
Monthly over 25 years at 3.7%
AED 17,593

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