1703, Golden Mile 01
Sold prices and rental history: sold once, by the developer in May 2009, 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 1703, Golden Mile 01
What is 1703 worth today?
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Source: Dubai Land Department. Updated 25 August 2026.
Key facts
- Type
- Penthouse apartment
- Size
- 4,677 sqft
- Floor
- 7th of 7
- Parking
- Building 1-B3-26,27
- Developer
- Souq Residences
- Completed
- 2009
- Service charge
- AED 72,400 /yr
- Last sold
- AED 6.29M · May 2009
- Building
- Golden Mile 01
About 1703, Golden Mile 01
1703 is a penthouse of 4,677 sqft on the 7th floor of Golden Mile 01, a 7-storey tower in Palm Jumeirah completed in 2009 by Souq Residences. The developer sold it on 28 May 2009 for AED 6,290,970, or AED 1,345 per sqft, in line with the AED 1,334 penthouses in the building were fetching at the time.
It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, signed on 25 August 2026, is AED 450,000 a year: a gross yield of 7.1% on the 2009 price, before the service charge of about AED 72,400 a year.
Sales and rents for 1703 over time
1703 has sold once; the dashed line is the penthouse median of each year in the building.
Annual rent on each registered contract; the dashed line is the penthouse median of each year in the building.
Penthouses in Golden Mile 01, and where 1703 sits
All 7 penthouses →1703 last sold in May 2009 at AED 1,345 per sqft, in line with what penthouses in Golden Mile 01 were fetching at the time (AED 1,334). Over the last 12 months penthouses sold for AED 7,950,000, around AED 2,014 per sqft, and rent for AED 400,000 to 450,000 a year.
| Recent penthouse sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 6 Jan 20266 January 2026 | 3,946 sqft | 7,950,000 | 2,014 | ||
| 27 Mar 202527 March 2025 | 4,369 sqft | 8,100,000 | 1,854 | ||
| 24 Jul 202424 July 2024 | 4,442 sqft | 6,950,000 | 1,564 | ||
| 1 May 20231 May 2023 | 4,882 sqft | 4,750,000 | 972 |
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 7th floor
All 85 units in Golden Mile 01| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1701 | Penthouse | 4,882 sqft | AED 4.75MAED 4,750,000 · May 2023May 2023 | 310,000 /yr | |
| 1702 | Penthouse | 4,369 sqft | AED 8.1MAED 8,100,000 · Mar 2025March 2025 | 235,649 /yr | |
| 1704 | Penthouse | 10,222 sqft | AED 8.25MAED 8,250,000 · Jul 2013July 2013 | 400,000 /yr | |
| 1705 | Penthouse | 3,946 sqft | AED 7.95MAED 7,950,000 · Jan 2026January 2026 | 350,000 /yr | |
| 1706 | Penthouse | 4,442 sqft | AED 6.95MAED 6,950,000 · Jul 2024July 2024 | 230,000 /yr | |
| 1707 | Penthouse | 5,111 sqft | AED 5MAED 5,000,000 · Mar 2014March 2014 |
1703, Golden Mile 01 in numbers
- Sold once: by Souq Residences on 28 May 2009 for AED 6,290,970, or AED 1,345 per sqft.
- Rented since November 2014 on 8 Ejari contracts. The rent fell from AED 269,640 to AED 220,000 in 2021 and recovered to AED 450,000 by August 2026.
- At AED 450,000 a year the gross yield on the 2009 price is 7.1%, before a service charge of about AED 72,400 a year (AED 15.49 per sqft).
- Penthouses in Golden Mile 01 sold for AED 7,950,000–7,950,000 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 2026.
Questions about 1703, Golden Mile 01
What did unit 1703 last sell for?
AED 6,290,970 on 28 May 2009, sold by the developer: AED 1,345 per sqft for 4,677 sqft. It is the only registered sale of the unit.
What is the rent for unit 1703?
AED 450,000 a year on the contract signed on 25 August 2026. The previous contract, from April 2025, was AED 300,000; the unit has been rented since November 2014.
How big is unit 1703?
4,677 sqft (434.5 sqm): a penthouse on the 7th floor of a 7-storey tower completed in 2009.
What is unit 1703 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Penthouses in Golden Mile 01 sold for AED 7,950,000 to 7,950,000 in the last 12 months, around AED 2,014 per sqft.
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Mortgage on 1703, Golden Mile 01
Starts from the last sale price (AED 6.29M, 28 May 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 6,290,970
- Deposit, UAE resident (20%)
- AED 1,258,194
- Deposit, non-resident (40%)
- AED 2,516,388
- Monthly over 25 years at 3.7%
- AED 25,738
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →