1611, Golden Mile 01
Sold prices and rental history: sold 3 times, last in June 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 1611, Golden Mile 01
What is 1611 worth today?
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Source: Dubai Land Department. Updated 15 June 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,794 sqft
- Floor
- 6th of 7
- Parking
- Building 1-B3-52
- Developer
- Souq Residences
- Completed
- 2009
- Service charge
- AED 27,800 /yr
- Last sold
- AED 2.73M · June 2023
- Building
- Golden Mile 01
About 1611, Golden Mile 01
1611 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 15 June 2023 for AED 2,725,000, or AED 1,518 per sqft, 19% above the AED 1,281 two-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, renewed on 7 October 2022, is AED 115,500 a year: a gross yield of 4.2% on the 2023 price, before the service charge of about AED 27,800 a year.
Sales and rents for 1611 over time
1611 has sold 3 times; 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 1611 sits
All 42 2-beds →1611 last sold in June 2023 at AED 1,518 per sqft, 19% above what two-beds in Golden Mile 01 were fetching at the time (AED 1,281). 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. 1611's AED 115,500 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 | |
| 1607 | 2-bed | 1,887 sqft | AED 2.9MAED 2,900,000 · Nov 2023November 2023 | 114,950 /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 | ||
| 1612 | 3-bed | 2,421 sqft | AED 3.6MAED 3,600,000 · Jul 2023July 2023 | 240,000 /yr |
1611, Golden Mile 01 in numbers
- Sold 3 times: first on 23 May 2010 for AED 1,600,000, last on 15 June 2023 for AED 2,725,000 (AED 1,518 per sqft).
- Rented since June 2014 on 7 Ejari contracts. The rent fell from AED 160,000 to AED 97,500 in 2020 and recovered to AED 115,500 by October 2022.
- At AED 115,500 a year the gross yield on the 2023 price is 4.2%, before a service charge of about AED 27,800 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 15 June 2023.
Questions about 1611, Golden Mile 01
What did unit 1611 last sell for?
AED 2,725,000 on 15 June 2023: AED 1,518 per sqft for 1,794 sqft. The unit has 3 registered sales; the first was AED 1,600,000 in May 2010.
What is the rent for unit 1611?
AED 115,500 a year on the contract renewed on 7 October 2022. The previous contract, from October 2021, was AED 105,000; the unit has been rented since June 2014.
How big is unit 1611?
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 1611 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 1611, Golden Mile 01
Starts from the last sale price (AED 2.73M, 15 June 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 2,725,000
- Deposit, UAE resident (20%)
- AED 545,000
- Deposit, non-resident (40%)
- AED 1,090,000
- Monthly over 25 years at 3.7%
- AED 11,149
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →