1612, Golden Mile 01
Sold prices and rental history: sold twice, last in July 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 1612, Golden Mile 01
What is 1612 worth today?
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Source: Dubai Land Department. Updated 17 July 2026.
Key facts
- Type
- 3-bed apartment
- Size
- 2,421 sqft
- Floor
- 6th of 7
- Parking
- Building 1-B3-96
- Developer
- Souq Residences
- Completed
- 2009
- Service charge
- AED 37,500 /yr
- Last sold
- AED 3.6M · July 2023
- Building
- Golden Mile 01
About 1612, Golden Mile 01
1612 is a three-bedroom apartment of 2,421 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 7 July 2023 for AED 3,600,000, or AED 1,486 per sqft, 6% above the AED 1,404 three-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, signed on 17 July 2026, is AED 240,000 a year: a gross yield of 6.7% on the 2023 price, before the service charge of about AED 37,500 a year.
Sales and rents for 1612 over time
1612 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 1612 sits
All 19 3-beds →1612 last sold in July 2023 at AED 1,486 per sqft, 6% above what three-beds in Golden Mile 01 were fetching at the time (AED 1,404). 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. 1612's AED 240,000 is in the upper half 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 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 | ||
| 1611 | 2-bed | 1,794 sqft | AED 2.73MAED 2,725,000 · Jun 2023June 2023 | 115,500 /yr |
1612, Golden Mile 01 in numbers
- Sold twice: first on 19 May 2009 for AED 2,000,000, last on 7 July 2023 for AED 3,600,000 (AED 1,486 per sqft).
- Rented since October 2014 on 8 Ejari contracts. The rent fell from AED 190,000 to AED 150,000 in 2022 and recovered to AED 240,000 by July 2026.
- At AED 240,000 a year the gross yield on the 2023 price is 6.7%, before a service charge of about AED 37,500 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 17 July 2026.
Questions about 1612, Golden Mile 01
What did unit 1612 last sell for?
AED 3,600,000 on 7 July 2023: AED 1,486 per sqft for 2,421 sqft. The unit has 2 registered sales; the first was AED 2,000,000 in May 2009.
What is the rent for unit 1612?
AED 240,000 a year on the contract signed on 17 July 2026. The previous contract, from March 2023, was AED 157,500; the unit has been rented since October 2014.
How big is unit 1612?
2,421 sqft (224.9 sqm): a three-bedroom apartment on the 6th floor of a 7-storey tower completed in 2009.
What is unit 1612 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 1612, Golden Mile 01
Starts from the last sale price (AED 3.6M, 7 July 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 3,600,000
- Deposit, UAE resident (20%)
- AED 720,000
- Deposit, non-resident (40%)
- AED 1,440,000
- Monthly over 25 years at 3.7%
- AED 14,729
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →