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2-bed · 1,794 sqftGolden Mile 01, Palm Jumeirah · 6th floor · completed 2009

1610, Golden Mile 01

Sold prices and rental history: sold 4 times, last in August 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1610 · DLD and Ejari recordsUpdated 25 August 2023
Last soldAED 3M25 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1610, Golden Mile 01

What is 1610 worth today?

Last sold for AED 3,000,000 in 2023

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25 Aug 2023SoldReady
AED 3,000,000AED 1,671 per sqft
3 Nov 2022SoldReady
AED 2,500,000AED 1,393 per sqft
1 Oct 2013SoldOff-plan
AED 2,125,000AED 1,184 per sqft
19 May 2009Sold by developerOff-plan
AED 1,650,000AED 919 per sqft

Source: Dubai Land Department. Updated 25 August 2023.

Key facts

Type
2-bed apartment
Size
1,794 sqft
Floor
6th of 7
Parking
Building 1-B3-06
Developer
Souq Residences
Completed
2009
Service charge
AED 27,800 /yr
Last sold
AED 3M · August 2023
Building
Golden Mile 01

About 1610, Golden Mile 01

1610 is a two-bedroom apartment of 1,794 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 25 August 2023 for AED 3,000,000, or AED 1,671 per sqft, 25% above the AED 1,337 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1610 over time

Sales
Unit 1610, each saleTypical two-bed in Golden Mile 01
2M2004201020162022Typical sale price by year: 2004 AED 1,211,250; 2009 AED 1,400,000; 2010 AED 1,600,000; 2012 AED 1,100,000; 2013 AED 1,950,000; 2016 AED 1,025,000; 2018 AED 1,400,000; 2022 AED 1,950,000; 2023 AED 2,725,000; 2025 AED 3,300,000Sold by developer, May 2009: AED 1,650,000 (AED 919 per sqft)Sold, October 2013: AED 2,125,000 (AED 1,184 per sqft)Sold, November 2022: AED 2,500,000 (AED 1,393 per sqft)Sold, August 2023: AED 3,000,000 (AED 1,671 per sqft)

1610 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1610, each contractTypical two-bed in Golden Mile 01
100K150K200K2014201820222026Typical rent by year: 2014 AED 150,000; 2015 AED 151,000; 2016 AED 150,000; 2017 AED 140,000; 2018 AED 135,000; 2019 AED 115,750; 2020 AED 95,000; 2021 AED 103,750; 2022 AED 117,250; 2023 AED 130,000; 2024 AED 170,000; 2025 AED 200,000; 2026 AED 165,000

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 1610 sits

All 42 2-beds →

1610 last sold in August 2023 at AED 1,671 per sqft, 25% above what two-beds in Golden Mile 01 were fetching at the time (AED 1,337). 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.

Recent 2-bed salesUnit no.Price (AED)Summary
5 Jan 20263,475,000
28 Nov 20254,000,000
3 Sep 20252,900,000
17 Jun 20253,300,000
2 2-bed sales 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 6th floor

All 85 units in Golden Mile 01
Value
16011-bedAED 1.09M · May 2009
16022-bedAED 1.6M · May 2009
16032-bedAED 1.4M · May 2009
16052-bedAED 1.45M · Oct 2009
16061-bedAED 2.8M · Apr 2026
16072-bedAED 2.9M · Nov 2023
16083-bedAED 5.15M · Jul 2024
1–7 of 10

1610, Golden Mile 01 in numbers

  • Sold 4 times: first on 19 May 2009 for AED 1,650,000, last on 25 August 2023 for AED 3,000,000 (AED 1,671 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 25 August 2023.

Questions about 1610, Golden Mile 01

What did unit 1610 last sell for?

AED 3,000,000 on 25 August 2023: AED 1,671 per sqft for 1,794 sqft. The unit has 4 registered sales; the first was AED 1,650,000 in May 2009.

How big is unit 1610?

1,794 sqft (166.7 sqm): a two-bedroom apartment on the 6th floor of a 7-storey tower completed in 2009.

What is unit 1610 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 1610, Golden Mile 01

Starts from the last sale price (AED 3M, 25 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,000,000
Deposit, UAE resident (20%)
AED 600,000
Deposit, non-resident (40%)
AED 1,200,000
Monthly over 25 years at 3.7%
AED 12,274

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