1508, Golden Mile 01
Sold prices and rental history: sold twice, last in February 2023, and rented once, from July 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1508, Golden Mile 01
What is 1508 worth today?
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Source: Dubai Land Department. Updated 28 February 2023.
Key facts
- Type
- 3-bed apartment
- Size
- 3,329 sqft
- Floor
- 5th of 7
- Parking
- Building 1-B3-28
- Developer
- Souq Residences
- Completed
- 2009
- Service charge
- AED 51,600 /yr
- Last sold
- AED 4M · February 2023
- Building
- Golden Mile 01
About 1508, Golden Mile 01
1508 is a three-bedroom apartment of 3,329 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 28 February 2023 for AED 4,000,000, or AED 1,201 per sqft, in line with the AED 1,177 three-beds in the building were fetching at the time.
One Ejari contract is registered, from 12 July 2015. The current contract, signed on 12 July 2015, is AED 448,696 a year: a gross yield of 11.2% on the 2023 price, before the service charge of about AED 51,600 a year.
Sales and rents for 1508 over time
1508 has sold twice; the dashed line is the three-bed median of each year in the building.
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 01, and where 1508 sits
All 19 3-beds →1508 last sold in February 2023 at AED 1,201 per sqft, in line with what three-beds in Golden Mile 01 were fetching at the time (AED 1,177). Over the last 12 months three-beds sold for AED 4,900,000, around AED 1,367 per sqft, and rent for AED 80,000 to 364,017 a year. 1508's AED 448,696 is at the top of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 13 Mar 202613 March 2026 | 3,583 sqft | 4,900,000 | 1,367 | ||
| 4 Nov 20254 November 2025 | 3,583 sqft | 5,200,000 | 1,451 | ||
| 24 Jun 202524 June 2025 | 3,329 sqft | 5,200,000 | 1,562 | ||
| 31 Oct 202431 October 2024 | 3,706 sqft | 4,600,000 | 1,241 |
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 | |
| 1502 | 2-bed | 1,799 sqft | AED 1.9MAED 1,900,000 · Feb 2013February 2013 | 125,000 /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 | |
| 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 |
1508, Golden Mile 01 in numbers
- Sold twice: first on 15 September 2011 for AED 2,250,000, last on 28 February 2023 for AED 4,000,000 (AED 1,201 per sqft).
- Rented since July 2015 on one Ejari contract, at AED 448,696 a year.
- At AED 448,696 a year the gross yield on the 2023 price is 11.2%, before a service charge of about AED 51,600 a year (AED 15.49 per sqft).
- Three-beds in Golden Mile 01 sold for AED 4,900,000–4,900,000 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 28 February 2023.
Questions about 1508, Golden Mile 01
What did unit 1508 last sell for?
AED 4,000,000 on 28 February 2023: AED 1,201 per sqft for 3,329 sqft. The unit has 2 registered sales; the first was AED 2,250,000 in September 2011.
What is the rent for unit 1508?
AED 448,696 a year on the contract signed on 12 July 2015.
How big is unit 1508?
3,329 sqft (309.3 sqm): a three-bedroom apartment on the 5th floor of a 7-storey tower completed in 2009.
What is unit 1508 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Golden Mile 01 sold for AED 4,900,000 to 4,900,000 in the last 12 months, around AED 1,367 per sqft.
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Mortgage on 1508, Golden Mile 01
Starts from the last sale price (AED 4M, 28 February 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 4,000,000
- Deposit, UAE resident (20%)
- AED 800,000
- Deposit, non-resident (40%)
- AED 1,600,000
- Monthly over 25 years at 3.7%
- AED 16,365
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →