1502, Golden Mile 01
Sold prices and rental history: sold twice, last in February 2013, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1502, Golden Mile 01
What is 1502 worth today?
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Source: Dubai Land Department. Updated 8 September 2021.
Key facts
- Type
- 2-bed apartment
- Size
- 1,799 sqft
- Floor
- 5th of 7
- Parking
- Building 1-B3-94
- Developer
- Souq Residences
- Completed
- 2009
- Service charge
- AED 27,900 /yr
- Last sold
- AED 1.9M · February 2013
- Building
- Golden Mile 01
About 1502, Golden Mile 01
1502 is a two-bedroom apartment of 1,799 sqft on the 5th floor of Golden Mile 01, a 7-storey tower in Palm Jumeirah completed in 2009 by Souq Residences. It last sold on 26 February 2013 for AED 1,900,000, or AED 1,056 per sqft, 65% above the AED 641 two-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 6 Ejari contracts. The current contract, renewed on 8 September 2021, is AED 125,000 a year: a gross yield of 6.6% on the 2013 price, before the service charge of about AED 27,900 a year.
Sales and rents for 1502 over time
1502 has sold twice; 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 1502 sits
All 42 2-beds →1502 last sold in February 2013 at AED 1,056 per sqft, 65% above what two-beds in Golden Mile 01 were fetching at the time (AED 641). 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. 1502's AED 125,000 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 5th floor
All 85 units in Golden Mile 01| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 1-bed | 1,304 sqft | AED 1.77MAED 1,770,000 · Apr 2014April 2014 | 149,086 /yr | |
| 1503 | 2-bed | 1,800 sqft | AED 1.85MAED 1,850,000 · Mar 2013March 2013 | 200,000 /yr | |
| 1504 | 1-bed | 1,307 sqft | AED 1.35MAED 1,350,000 · Jun 2013June 2013 | 125,000 /yr | |
| 1505 | 2-bed | 1,808 sqft | AED 900KAED 900,000 · Jan 2018January 2018 | 170,000 /yr | |
| 1506 | 1-bed | 1,288 sqft | AED 1.64MAED 1,640,000 · Nov 2022November 2022 | 120,750 /yr | |
| 1507 | 2-bed | 1,887 sqft | AED 1.4MAED 1,400,000 · Oct 2018October 2018 | 160,000 /yr | |
| 1508 | 3-bed | 3,329 sqft | AED 4MAED 4,000,000 · Feb 2023February 2023 | 448,696 /yr | |
| 1509 | 2-bed | 1,788 sqft | AED 1.95MAED 1,950,000 · Mar 2022March 2022 | 90,000 /yr | |
| 1510 | 2-bed | 1,794 sqft | AED 4MAED 4,000,000 · Nov 2025November 2025 | 235,000 /yr | |
| 1511 | 2-bed | 1,794 sqft | AED 3.33MAED 3,325,000 · Oct 2024October 2024 | 100,000 /yr | |
| 1512 | 3-bed | 2,421 sqft | AED 3.6MAED 3,600,000 · Apr 2023April 2023 |
1502, Golden Mile 01 in numbers
- Sold twice: first on 6 October 2010 for AED 1,350,000, last on 26 February 2013 for AED 1,900,000 (AED 1,056 per sqft).
- Rented since November 2016 on 6 Ejari contracts. The rent fell from AED 170,000 to AED 100,000 in 2020 and recovered to AED 125,000 by September 2021.
- At AED 125,000 a year the gross yield on the 2013 price is 6.6%, 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 8 September 2021.
Questions about 1502, Golden Mile 01
What did unit 1502 last sell for?
AED 1,900,000 on 26 February 2013: AED 1,056 per sqft for 1,799 sqft. The unit has 2 registered sales; the first was AED 1,350,000 in October 2010.
What is the rent for unit 1502?
AED 125,000 a year on the contract renewed on 8 September 2021. The previous contract, from September 2020, was AED 100,000; the unit has been rented since November 2016.
How big is unit 1502?
1,799 sqft (167.1 sqm): a two-bedroom apartment on the 5th floor of a 7-storey tower completed in 2009.
What is unit 1502 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 1502, Golden Mile 01
Starts from the last sale price (AED 1.9M, 26 February 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 1,900,000
- Deposit, UAE resident (20%)
- AED 380,000
- Deposit, non-resident (40%)
- AED 760,000
- Monthly over 25 years at 3.7%
- AED 7,773
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →