Penthouse · 5,111 sqftGolden Mile 01, Palm Jumeirah · 7th floor · completed 2009

1707, Golden Mile 01

Sold prices and rental history: sold 3 times, last in March 2014, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1707 · DLD and Ejari recordsUpdated 24 March 2014
Last soldAED 5M24 March 2014
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1707, Golden Mile 01

What is 1707 worth today?

Last sold for AED 5,000,000 in 2014

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24 Mar 2014SoldOff-plan
AED 5,000,000AED 978 per sqft
29 Aug 2013SoldOff-plan
AED 4,400,000AED 860 per sqft
26 Apr 2010Sold by developerOff-plan
AED 3,500,000AED 684 per sqft

Source: Dubai Land Department. Updated 24 March 2014.

Key facts

Type
Penthouse apartment
Size
5,111 sqft
Floor
7th of 7
Parking
Building 1-B3-46,47
Developer
Souq Residences
Completed
2009
Service charge
AED 79,200 /yr
Last sold
AED 5M · March 2014

About 1707, Golden Mile 01

1707 is a penthouse of 5,111 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 March 2014 for AED 5,000,000, or AED 978 per sqft, 14% above the AED 860 penthouses in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1707 over time

Sales
Unit 1707, each saleTypical penthouse in Golden Mile 01
4M5M200920112013Typical sale price by year: 2009 AED 4,881,130; 2013 AED 4,247,500Sold by developer, April 2010: AED 3,500,000 (AED 684 per sqft)Sold, August 2013: AED 4,400,000 (AED 860 per sqft)Sold, March 2014: AED 5,000,000 (AED 978 per sqft)

1707 has sold 3 times; the dashed line is the penthouse median of each year in the building.

Rents
Unit 1707, each contractTypical penthouse in Golden Mile 01
200K300K400K2015201820212024Typical rent by year: 2015 AED 260,000; 2016 AED 260,000; 2017 AED 260,000; 2021 AED 220,000; 2022 AED 350,000; 2025 AED 387,500

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 1707 sits

All 7 penthouses →

1707 last sold in March 2014 at AED 978 per sqft, 14% above what penthouses in Golden Mile 01 were fetching at the time (AED 860). 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 salesUnit no.Price (AED)Summary
6 Jan 20267,950,000
27 Mar 20258,100,000
24 Jul 20246,950,000
1 May 20234,750,000
1 penthouse sale 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 7th floor

All 85 units in Golden Mile 01
Value
1701PenthouseAED 4.75M · May 2023
1702PenthouseAED 8.1M · Mar 2025
1703PenthouseAED 6.29M · May 2009
1704PenthouseAED 8.25M · Jul 2013
1705PenthouseAED 7.95M · Jan 2026
1706PenthouseAED 6.95M · Jul 2024

1707, Golden Mile 01 in numbers

  • Sold 3 times: first on 26 April 2010 for AED 3,500,000, last on 24 March 2014 for AED 5,000,000 (AED 978 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 March 2014.

Questions about 1707, Golden Mile 01

What did unit 1707 last sell for?

AED 5,000,000 on 24 March 2014: AED 978 per sqft for 5,111 sqft. The unit has 3 registered sales; the first was AED 3,500,000 in April 2010.

How big is unit 1707?

5,111 sqft (474.8 sqm): a penthouse on the 7th floor of a 7-storey tower completed in 2009.

What is unit 1707 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 1707, Golden Mile 01

Starts from the last sale price (AED 5M, 24 March 2014). Switch to today's estimate once you have unlocked it.
Price
AED 5,000,000
Deposit, UAE resident (20%)
AED 1,000,000
Deposit, non-resident (40%)
AED 2,000,000
Monthly over 25 years at 3.7%
AED 20,457

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