1706, Golden Mile 01
Sold prices and rental history: sold 4 times, last in July 2024, 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 1706, Golden Mile 01
What is 1706 worth today?
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Source: Dubai Land Department. Updated 24 July 2024.
Key facts
- Type
- Penthouse apartment
- Size
- 4,442 sqft
- Floor
- 7th of 7
- Parking
- Building 1-B3-02, Building 1-B3-03
- Developer
- Souq Residences
- Completed
- 2009
- Service charge
- AED 68,800 /yr
- Last sold
- AED 6.95M · July 2024
- Building
- Golden Mile 01
About 1706, Golden Mile 01
1706 is a penthouse of 4,442 sqft on the 7th floor of Golden Mile 01, a 7-storey tower in Palm Jumeirah completed in 2009 by Souq Residences. It last sold on 24 July 2024 for AED 6,950,000, or AED 1,564 per sqft.
It has been rented continuously since 2014 on 4 Ejari contracts. The current contract, signed on 30 May 2017, is AED 230,000 a year: a gross yield of 3.3% on the 2024 price, before the service charge of about AED 68,800 a year.
Sales and rents for 1706 over time
1706 has sold 4 times; 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 1706 sits
All 7 penthouses →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 | ||
| 1 May 20231 May 2023 | 4,882 sqft | 4,750,000 | 972 | ||
| 18 Aug 201918 August 2019 | 4,882 sqft | 3,300,000 | 675 |
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 | |
| 1703 | Penthouse | 4,677 sqft | AED 6.29MAED 6,290,970 · May 2009May 2009 | 450,000 /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 | |
| 1707 | Penthouse | 5,111 sqft | AED 5MAED 5,000,000 · Mar 2014March 2014 |
1706, Golden Mile 01 in numbers
- Sold 4 times: first on 6 December 2011 for AED 3,050,000, last on 24 July 2024 for AED 6,950,000 (AED 1,564 per sqft).
- Rented since September 2014 on 4 Ejari contracts, from AED 240,000 to AED 230,000 a year.
- At AED 230,000 a year the gross yield on the 2024 price is 3.3%, before a service charge of about AED 68,800 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 24 July 2024.
Questions about 1706, Golden Mile 01
What did unit 1706 last sell for?
AED 6,950,000 on 24 July 2024: AED 1,564 per sqft for 4,442 sqft. The unit has 4 registered sales; the first was AED 3,050,000 in December 2011.
What is the rent for unit 1706?
AED 230,000 a year on the contract signed on 30 May 2017. The previous contract, from November 2016, was AED 250,000; the unit has been rented since September 2014.
How big is unit 1706?
4,442 sqft (412.7 sqm): a penthouse on the 7th floor of a 7-storey tower completed in 2009.
What is unit 1706 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 1706, Golden Mile 01
Starts from the last sale price (AED 6.95M, 24 July 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 6,950,000
- Deposit, UAE resident (20%)
- AED 1,390,000
- Deposit, non-resident (40%)
- AED 2,780,000
- Monthly over 25 years at 3.7%
- AED 28,435
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →