1203, Golden Mile 01
Sold prices and rental history: sold twice, last in August 2016, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1203, Golden Mile 01
What is 1203 worth today?
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Source: Dubai Land Department. Updated 22 August 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 1,800 sqft
- Floor
- 2nd of 7
- Parking
- Building 1-B3-48
- Developer
- Souq Residences
- Completed
- 2009
- Service charge
- AED 27,900 /yr
- Last sold
- AED 600K · August 2016
- Building
- Golden Mile 01
About 1203, Golden Mile 01
1203 is a two-bedroom apartment of 1,800 sqft on the 2nd floor of Golden Mile 01, a 7-storey tower in Palm Jumeirah completed in 2009 by Souq Residences. The developer sold it on 14 August 2016 for AED 600,000, or AED 333 per sqft, 52% below the AED 694 two-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, renewed on 22 August 2022, is AED 115,000 a year: a gross yield of 19.2% on the 2016 price, before the service charge of about AED 27,900 a year.
Sales and rents for 1203 over time
1203 has sold once; the dashed line is the two-bed median of each year in the building.
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 1203 sits
All 42 2-beds →1203 last sold in August 2016 at AED 333 per sqft, 52% below what two-beds in Golden Mile 01 were fetching at the time (AED 694). 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. 1203's AED 115,000 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 5 Jan 20265 January 2026 | 2,097 sqft | 3,475,000 | 1,657 | ||
| 28 Nov 202528 November 2025 | 1,794 sqft | 4,000,000 | 2,229 | ||
| 3 Sep 20253 September 2025 | 2,097 sqft | 2,900,000 | 1,383 | ||
| 17 Jun 202517 June 2025 | 1,808 sqft | 3,300,000 | 1,825 |
Golden Mile 01
Building85 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%
Other units on the 2nd floor
All 85 units in Golden Mile 01| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1201 | 1-bed | 1,304 sqft | AED 1.19MAED 1,190,000 · Jan 2010January 2010 | 115,000 /yr | |
| 1202 | 2-bed | 1,799 sqft | AED 1.88MAED 1,880,000 · Feb 2022February 2022 | ||
| 1204 | 1-bed | 1,307 sqft | AED 1.45MAED 1,450,000 · Jul 2022July 2022 | 140,000 /yr | |
| 1205 | 2-bed | 1,808 sqft | AED 2.05MAED 2,050,000 · Feb 2023February 2023 | 136,000 /yr | |
| 1206 | 1-bed | 1,288 sqft | AED 1.25MAED 1,250,000 · Mar 2017March 2017 | 100,000 /yr | |
| 1207 | 2-bed | 1,887 sqft | AED 1.88MAED 1,875,000 · Dec 2021December 2021 | 120,000 /yr | |
| 1208 | 3-bed | 3,329 sqft | AED 4.3MAED 4,300,000 · Nov 2014November 2014 | ||
| 1209 | 2-bed | 1,788 sqft | AED 700KAED 700,000 · Apr 2012April 2012 | 152,228 /yr | |
| 1210 | 2-bed | 1,794 sqft | AED 2.2MAED 2,200,000 · Apr 2016April 2016 | 160,000 /yr | |
| 1211 | 2-bed | 1,794 sqft | AED 2MAED 2,000,000 · Aug 2013August 2013 | 210,000 /yr | |
| 1212 | 3-bed | 2,421 sqft | AED 2.76MAED 2,760,000 · Aug 2022August 2022 | 163,938 /yr |
1203, Golden Mile 01 in numbers
- Sold twice: first on 14 August 2016 for AED 600,000, last on 14 August 2016 for AED 600,000 (AED 333 per sqft).
- Rented since May 2014 on 7 Ejari contracts. The rent fell from AED 149,500 to AED 85,000 in 2020 and recovered to AED 115,000 by August 2022.
- At AED 115,000 a year the gross yield on the 2016 price is 19.2%, before a service charge of about AED 27,900 a year (AED 15.49 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 22 August 2022.
Questions about 1203, Golden Mile 01
What did unit 1203 last sell for?
AED 600,000 on 14 August 2016, sold by the developer: AED 333 per sqft for 1,800 sqft. The unit has 2 registered sales; the first was AED 600,000 in August 2016.
What is the rent for unit 1203?
AED 115,000 a year on the contract renewed on 22 August 2022. The previous contract, from August 2021, was AED 100,000; the unit has been rented since May 2014.
How big is unit 1203?
1,800 sqft (167.2 sqm): a two-bedroom apartment on the 2nd floor of a 7-storey tower completed in 2009.
What is unit 1203 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 1203, Golden Mile 01
Starts from the last sale price (AED 600K, 14 August 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 600,000
- Deposit, UAE resident (20%)
- AED 120,000
- Deposit, non-resident (40%)
- AED 240,000
- Monthly over 25 years at 3.7%
- AED 2,455
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →