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2-bed · 1,799 sqftGolden Mile 01, Palm Jumeirah · 2nd floor · completed 2009

1202, Golden Mile 01

Sold prices and rental history: sold 3 times, last in February 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1202 · DLD and Ejari recordsUpdated 18 February 2022
Last soldAED 1.88M18 February 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1202, Golden Mile 01

What is 1202 worth today?

Last sold for AED 1,880,000 in 2022

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18 Feb 2022SoldReady
AED 1,880,000AED 1,044 per sqft
3 Aug 2009SoldOff-plan
AED 1,450,000AED 805 per sqft
2 Jan 2007Sold by developerOff-plan
AED 1,200,000AED 667 per sqft

Source: Dubai Land Department. Updated 18 February 2022.

Key facts

Type
2-bed apartment
Size
1,799 sqft
Floor
2nd of 7
Parking
Building 1-B3-59
Developer
Souq Residences
Completed
2009
Service charge
AED 27,900 /yr
Last sold
AED 1.88M · February 2022
Building
Golden Mile 01

About 1202, Golden Mile 01

1202 is a two-bedroom apartment of 1,799 sqft on the 2nd floor of Golden Mile 01, a 7-storey tower in Palm Jumeirah completed in 2009 by Souq Residences. It last sold on 18 February 2022 for AED 1,880,000, or AED 1,044 per sqft, 5% above the AED 993 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1202 over time

Sales
Unit 1202, each saleTypical two-bed in Golden Mile 01
2M2004201020162022Typical sale price by year: 2004 AED 1,211,250; 2009 AED 1,400,000; 2010 AED 1,600,000; 2012 AED 1,100,000; 2013 AED 1,950,000; 2016 AED 1,025,000; 2018 AED 1,400,000; 2022 AED 1,950,000; 2023 AED 2,725,000; 2025 AED 3,300,000Sold by developer, January 2007: AED 1,200,000 (AED 667 per sqft)Sold, August 2009: AED 1,450,000 (AED 805 per sqft)Sold, February 2022: AED 1,880,000 (AED 1,044 per sqft)

1202 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1202, each contractTypical two-bed in Golden Mile 01
100K150K200K2014201820222026Typical rent by year: 2014 AED 150,000; 2015 AED 151,000; 2016 AED 150,000; 2017 AED 140,000; 2018 AED 135,000; 2019 AED 115,750; 2020 AED 95,000; 2021 AED 103,750; 2022 AED 117,250; 2023 AED 130,000; 2024 AED 170,000; 2025 AED 200,000; 2026 AED 165,000

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 01, and where 1202 sits

All 42 2-beds →

1202 last sold in February 2022 at AED 1,044 per sqft, 5% above what two-beds in Golden Mile 01 were fetching at the time (AED 993). Over the last 12 months two-beds sold for AED 3,475,000 to 4,000,000, around AED 1,943 per sqft, and rent for AED 148,500 to 260,500 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
5 Jan 20263,475,000
28 Nov 20254,000,000
3 Sep 20252,900,000
17 Jun 20253,300,000
2 2-bed sales in the last 12 months

Golden Mile 01

Building

85 apartments, 1-bed to 3-bed over 7 floors in Palm Jumeirah, completed in 2009 by Souq Residences. 5 sold in the last 12 months.

Typical price per sqft
AED 2,014
Typical sale
AED 4M
Typical rent
AED 165K /yr
Typical yield
4.4%
Golden Mile 01, Palm Jumeirah: prices, sales and rents →

Other units on the 2nd floor

All 85 units in Golden Mile 01
Value
12011-bedAED 1.19M · Jan 2010
12032-bedAED 600K · Aug 2016
12041-bedAED 1.45M · Jul 2022
12052-bedAED 2.05M · Feb 2023
12061-bedAED 1.25M · Mar 2017
12072-bedAED 1.88M · Dec 2021
12083-bedAED 4.3M · Nov 2014
1–7 of 11

1202, Golden Mile 01 in numbers

  • Sold 3 times: first on 2 January 2007 for AED 1,200,000, last on 18 February 2022 for AED 1,880,000 (AED 1,044 per sqft).
  • Two-beds in Golden Mile 01 sold for AED 3,475,000–4,000,000 in the 12 months to November 2026; the building's median across all types is AED 2,014 per sqft.

Source: Dubai Land Department. Updated 18 February 2022.

Questions about 1202, Golden Mile 01

What did unit 1202 last sell for?

AED 1,880,000 on 18 February 2022: AED 1,044 per sqft for 1,799 sqft. The unit has 3 registered sales; the first was AED 1,200,000 in January 2007.

How big is unit 1202?

1,799 sqft (167.1 sqm): a two-bedroom apartment on the 2nd floor of a 7-storey tower completed in 2009.

What is unit 1202 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Golden Mile 01 sold for AED 3,475,000 to 4,000,000 in the last 12 months, around AED 1,943 per sqft.

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Mortgage on 1202, Golden Mile 01

Starts from the last sale price (AED 1.88M, 18 February 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,880,000
Deposit, UAE resident (20%)
AED 376,000
Deposit, non-resident (40%)
AED 752,000
Monthly over 25 years at 3.7%
AED 7,692

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