1-bed · 1,304 sqftGolden Mile 02, Palm Jumeirah · 2nd floor · completed 2009

2201, Golden Mile 02

Sold prices and rental history: sold 3 times, last in January 2023, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2201 · DLD and Ejari recordsUpdated 2 January 2023
Last soldAED 1.65M2 January 2023
Current rentAED 70K /yr7 March 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2201, Golden Mile 02

What is 2201 worth today?

Last sold for AED 1,650,000 in 2023

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2 Jan 2023SoldReady
AED 1,650,000AED 1,265 per sqft
7 Mar 2019RentedNew contract
AED 70,000/yr12 months · AED 54 per sqft
23 Feb 2015SoldOff-plan
AED 1,550,000AED 1,188 per sqft
5 Oct 2013RentedNew contract
AED 105,000/yr12 months · AED 81 per sqft
20 May 2009Sold by developerOff-plan
AED 940,000AED 720 per sqft

Source: Dubai Land Department. Updated 2 January 2023.

Key facts

Type
1-bed apartment
Size
1,304 sqft
Floor
2nd of 7
Parking
Building 2-B3-63
Developer
Souq Residences
Completed
2009
Service charge
AED 20,800 /yr
Last sold
AED 1.65M · January 2023

About 2201, Golden Mile 02

2201 is a one-bedroom apartment of 1,304 sqft on the 2nd floor of Golden Mile 02, a 7-storey tower in Palm Jumeirah completed in 2009 by Souq Residences. It last sold on 2 January 2023 for AED 1,650,000, or AED 1,265 per sqft, 7% above the AED 1,181 one-beds in the building were fetching at the time.

It has been rented since 2013 on 2 Ejari contracts. The current contract, signed on 7 March 2019, is AED 70,000 a year: a gross yield of 4.2% on the 2023 price, before the service charge of about AED 20,800 a year.

Sales and rents for 2201 over time

Sales
Unit 2201, each saleTypical one-bed in Golden Mile 02
1M2M2009201420192024Typical sale price by year: 2009 AED 1,000,000; 2011 AED 980,000; 2013 AED 1,280,000; 2015 AED 1,600,000; 2022 AED 1,520,000; 2023 AED 1,875,000; 2025 AED 2,650,000Sold by developer, May 2009: AED 940,000 (AED 720 per sqft)Sold, February 2015: AED 1,550,000 (AED 1,188 per sqft)Sold, January 2023: AED 1,650,000 (AED 1,265 per sqft)

2201 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2201, each contractTypical one-bed in Golden Mile 02
100K2013201720212025Typical rent by year: 2014 AED 113,500; 2016 AED 115,900; 2017 AED 110,000; 2018 AED 100,000; 2019 AED 90,000; 2020 AED 75,000; 2021 AED 70,000; 2022 AED 80,500; 2023 AED 104,500; 2024 AED 126,000; 2025 AED 130,000; 2026 AED 120,375New contract, October 2013: AED 105,000 a yearNew contract, March 2019: AED 70,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Golden Mile 02, and where 2201 sits

All 18 1-beds →

2201 last sold in January 2023 at AED 1,265 per sqft, 7% above what one-beds in Golden Mile 02 were fetching at the time (AED 1,181). Over the last 12 months one-beds sold for AED 2,450,000 to 2,730,000, around AED 1,986 per sqft, and rent for AED 100,000 to 155,000 a year. 2201's AED 70,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
8 May 20262,450,000
13 Nov 20252,730,000
7 Oct 20252,650,000
18 Feb 20252,225,000
2 1-bed sales in the last 12 months

Golden Mile 02

Building

84 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 2,093
Typical sale
AED 4.14M
Typical rent
AED 200K /yr
Typical yield
4.7%
Golden Mile 02, Palm Jumeirah: prices, sales and rents →

Other units on the 2nd floor

All 84 units in Golden Mile 02
Value
22022-bedAED 1.5M · Jan 2021
22032-bedAED 1.5M · Aug 2010
22041-bedAED 1.55M · Mar 2022
22052-bedAED 3.1M · Aug 2024
22061-bedAED 2.1M · Oct 2023
22072-bedAED 1.45M · May 2021
22083-bedAED 2.47M · Jun 2009
1–7 of 11

2201, Golden Mile 02 in numbers

  • Sold 3 times: first on 20 May 2009 for AED 940,000, last on 2 January 2023 for AED 1,650,000 (AED 1,265 per sqft).
  • Rented since October 2013 on 2 Ejari contracts, from AED 105,000 to AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2023 price is 4.2%, before a service charge of about AED 20,800 a year (AED 15.96 per sqft).
  • One-beds in Golden Mile 02 sold for AED 2,450,000–2,730,000 in the 12 months to November 2026; the building's median across all types is AED 2,093 per sqft.

Source: Dubai Land Department. Updated 2 January 2023.

Questions about 2201, Golden Mile 02

What did unit 2201 last sell for?

AED 1,650,000 on 2 January 2023: AED 1,265 per sqft for 1,304 sqft. The unit has 3 registered sales; the first was AED 940,000 in May 2009.

What is the rent for unit 2201?

AED 70,000 a year on the contract signed on 7 March 2019. The previous contract, from October 2013, was AED 105,000.

How big is unit 2201?

1,304 sqft (121.1 sqm): a one-bedroom apartment on the 2nd floor of a 7-storey tower completed in 2009.

What is unit 2201 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Golden Mile 02 sold for AED 2,450,000 to 2,730,000 in the last 12 months, around AED 1,986 per sqft.

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Mortgage on 2201, Golden Mile 02

Starts from the last sale price (AED 1.65M, 2 January 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,650,000
Deposit, UAE resident (20%)
AED 330,000
Deposit, non-resident (40%)
AED 660,000
Monthly over 25 years at 3.7%
AED 6,751

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