1607, Golden Mile 01
Sold prices and rental history: sold twice, last in November 2023, 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 1607, Golden Mile 01
What is 1607 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 9 November 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,887 sqft
- Floor
- 6th of 7
- Parking
- Building 1-B3-79
- Developer
- Souq Residences
- Completed
- 2009
- Service charge
- AED 29,200 /yr
- Last sold
- AED 2.9M · November 2023
- Building
- Golden Mile 01
About 1607, Golden Mile 01
1607 is a two-bedroom apartment of 1,887 sqft on the 6th floor of Golden Mile 01, a 7-storey tower in Palm Jumeirah completed in 2009 by Souq Residences. It last sold on 9 November 2023 for AED 2,900,000, or AED 1,536 per sqft, 4% above the AED 1,472 two-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, renewed on 28 December 2022, is AED 114,950 a year: a gross yield of 4.0% on the 2023 price, before the service charge of about AED 29,200 a year.
Sales and rents for 1607 over time
1607 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 1607 sits
All 42 2-beds →1607 last sold in November 2023 at AED 1,536 per sqft, 4% above what two-beds in Golden Mile 01 were fetching at the time (AED 1,472). 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. 1607's AED 114,950 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 6th floor
All 85 units in Golden Mile 01| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 1-bed | 1,304 sqft | AED 1.09MAED 1,090,000 · May 2009May 2009 | 155,000 /yr | |
| 1602 | 2-bed | 1,799 sqft | AED 1.6MAED 1,600,000 · May 2009May 2009 | ||
| 1603 | 2-bed | 1,800 sqft | AED 1.4MAED 1,400,000 · May 2009May 2009 | 170,000 /yr | |
| 1605 | 2-bed | 1,808 sqft | AED 1.45MAED 1,450,000 · Oct 2009October 2009 | 150,000 /yr | |
| 1606 | 1-bed | 1,288 sqft | AED 2.8MAED 2,800,000 · Apr 2026April 2026 | 130,000 /yr | |
| 1608 | 3-bed | 3,329 sqft | AED 5.15MAED 5,150,000 · Jul 2024July 2024 | 80,000 /yr | |
| 1609 | 2-bed | 1,788 sqft | AED 2.55MAED 2,550,000 · Mar 2023March 2023 | 115,000 /yr | |
| 1610 | 2-bed | 1,794 sqft | AED 3MAED 3,000,000 · Aug 2023August 2023 | ||
| 1611 | 2-bed | 1,794 sqft | AED 2.73MAED 2,725,000 · Jun 2023June 2023 | 115,500 /yr | |
| 1612 | 3-bed | 2,421 sqft | AED 3.6MAED 3,600,000 · Jul 2023July 2023 | 240,000 /yr |
1607, Golden Mile 01 in numbers
- Sold twice: first on 19 May 2009 for AED 1,250,000, last on 9 November 2023 for AED 2,900,000 (AED 1,536 per sqft).
- Rented since December 2014 on 8 Ejari contracts. The rent fell from AED 150,000 to AED 95,000 in 2020 and recovered to AED 114,950 by December 2022.
- At AED 114,950 a year the gross yield on the 2023 price is 4.0%, before a service charge of about AED 29,200 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 9 November 2023.
Questions about 1607, Golden Mile 01
What did unit 1607 last sell for?
AED 2,900,000 on 9 November 2023: AED 1,536 per sqft for 1,887 sqft. The unit has 2 registered sales; the first was AED 1,250,000 in May 2009.
What is the rent for unit 1607?
AED 114,950 a year on the contract renewed on 28 December 2022. The previous contract, from December 2021, was AED 104,500; the unit has been rented since December 2014.
How big is unit 1607?
1,887 sqft (175.3 sqm): a two-bedroom apartment on the 6th floor of a 7-storey tower completed in 2009.
What is unit 1607 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.
Selling 1607? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 1607, Golden Mile 01
Starts from the last sale price (AED 2.9M, 9 November 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 2,900,000
- Deposit, UAE resident (20%)
- AED 580,000
- Deposit, non-resident (40%)
- AED 1,160,000
- Monthly over 25 years at 3.7%
- AED 11,865
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →