1-bed · 1,307 sqftGolden Mile 01, Palm Jumeirah · 3rd floor · completed 2009

1304, Golden Mile 01

Sold prices and rental history: sold twice, last in May 2022, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1304 · DLD and Ejari recordsUpdated 26 May 2022
Last soldAED 1.41M26 May 2022
Current rentAED 80K /yr15 November 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1304, Golden Mile 01

What is 1304 worth today?

Last sold for AED 1,410,000 in 2022

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26 May 2022SoldReady
AED 1,410,000AED 1,079 per sqft
15 Nov 2021RentedRenewal
AED 80,000/yr8 months · AED 61 per sqft
15 Aug 2021RentedRenewal
AED 70,000/yr3 months · AED 54 per sqft
15 May 2021RentedRenewal
AED 70,000/yr3 months · AED 54 per sqft
15 Jan 2021RentedRenewal
AED 69,999/yr4 months · AED 54 per sqft
15 Jul 2020RentedRenewal
AED 70,000/yr6 months · AED 54 per sqft
15 Jul 2019RentedNew contract
AED 80,000/yr12 months · AED 61 per sqft
10 Jun 2018RentedNew contract
AED 95,000/yr12 months · AED 73 per sqft

Source: Dubai Land Department. Updated 26 May 2022.

Key facts

Type
1-bed apartment
Size
1,307 sqft
Floor
3rd of 7
Parking
Building 1-B3-33
Developer
Souq Residences
Completed
2009
Service charge
AED 20,200 /yr
Last sold
AED 1.41M · May 2022

About 1304, Golden Mile 01

1304 is a one-bedroom apartment of 1,307 sqft on the 3rd floor of Golden Mile 01, a 7-storey tower in Palm Jumeirah completed in 2009 by Souq Residences. It last sold on 26 May 2022 for AED 1,410,000, or AED 1,079 per sqft.

It has been rented continuously since 2018 on 7 Ejari contracts. The current contract, renewed on 15 November 2021, is AED 80,000 a year: a gross yield of 5.7% on the 2022 price, before the service charge of about AED 20,200 a year.

Sales and rents for 1304 over time

Sales
Unit 1304, each saleTypical one-bed in Golden Mile 01
1M1.5M2009201320172021Typical sale price by year: 2009 AED 990,000; 2012 AED 1,000,000; 2013 AED 1,325,000; 2016 AED 1,550,000; 2017 AED 1,350,000; 2018 AED 1,000,000; 2022 AED 1,450,000Sold by developer, May 2009: AED 940,000 (AED 719 per sqft)Sold, May 2022: AED 1,410,000 (AED 1,079 per sqft)

1304 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1304, each contractTypical one-bed in Golden Mile 01
75K100K125K2014201820222026Typical rent by year: 2014 AED 100,000; 2015 AED 115,000; 2016 AED 120,000; 2017 AED 112,500; 2018 AED 96,481; 2019 AED 85,000; 2020 AED 77,846; 2021 AED 75,000; 2022 AED 87,500; 2023 AED 115,000; 2024 AED 119,321; 2025 AED 125,000; 2026 AED 120,750New contract, June 2018: AED 95,000 a yearNew contract, July 2019: AED 80,000 a yearRenewal, July 2020: AED 70,000 a yearRenewal, January 2021: AED 69,999 a yearRenewal, May 2021: AED 70,000 a yearRenewal, August 2021: AED 70,000 a yearRenewal, November 2021: AED 80,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Golden Mile 01, and where 1304 sits

All 17 1-beds →

Over the last 12 months one-beds sold for AED 2,800,000, around AED 2,173 per sqft, and rent for AED 100,000 to 155,000 a year. 1304's AED 80,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
8 Apr 20262,800,000
10 Feb 20251,700,000
22 Jun 20231,730,000
23 Jan 20231,565,000
1 1-bed sale 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 3rd floor

All 85 units in Golden Mile 01
Value
13011-bedAED 1.08M · Apr 2012
13022-bedAED 1.25M · May 2009
13032-bedAED 1.25M · May 2016
13052-bedAED 1.45M · Mar 2011
13061-bedAED 1.73M · Jun 2023
13072-bedAED 1.05M · May 2009
13083-bedAED 5M · Nov 2023
1–7 of 11

1304, Golden Mile 01 in numbers

  • Sold twice: first on 13 May 2009 for AED 940,000, last on 26 May 2022 for AED 1,410,000 (AED 1,079 per sqft).
  • Rented since June 2018 on 7 Ejari contracts. The rent fell from AED 95,000 to AED 69,999 in 2021 and recovered to AED 80,000 by November 2021.
  • At AED 80,000 a year the gross yield on the 2022 price is 5.7%, before a service charge of about AED 20,200 a year (AED 15.49 per sqft).
  • One-beds in Golden Mile 01 sold for AED 2,800,000–2,800,000 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 26 May 2022.

Questions about 1304, Golden Mile 01

What did unit 1304 last sell for?

AED 1,410,000 on 26 May 2022: AED 1,079 per sqft for 1,307 sqft. The unit has 2 registered sales; the first was AED 940,000 in May 2009.

What is the rent for unit 1304?

AED 80,000 a year on the contract renewed on 15 November 2021. The previous contract, from August 2021, was AED 70,000; the unit has been rented since June 2018.

How big is unit 1304?

1,307 sqft (121.4 sqm): a one-bedroom apartment on the 3rd floor of a 7-storey tower completed in 2009.

What is unit 1304 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Golden Mile 01 sold for AED 2,800,000 to 2,800,000 in the last 12 months, around AED 2,173 per sqft.

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Mortgage on 1304, Golden Mile 01

Starts from the last sale price (AED 1.41M, 26 May 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,410,000
Deposit, UAE resident (20%)
AED 282,000
Deposit, non-resident (40%)
AED 564,000
Monthly over 25 years at 3.7%
AED 5,769

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