2-bed · 1,887 sqftGolden Mile 02, Palm Jumeirah · 2nd floor · completed 2009

2207, Golden Mile 02

Sold prices and rental history: sold 3 times, last in May 2021, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2207 · DLD and Ejari recordsUpdated 26 May 2021
Last soldAED 1.45M26 May 2021
Current rentAED 100K /yr17 December 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2207, Golden Mile 02

What is 2207 worth today?

Last sold for AED 1,450,000 in 2021

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26 May 2021SoldReady
AED 1,450,000AED 768 per sqft
17 Dec 2020RentedRenewal
AED 100,000/yr6 months · AED 53 per sqft
17 Dec 2019RentedRenewal
AED 130,000/yr12 months · AED 69 per sqft
17 Dec 2018RentedRenewal
AED 140,000/yr12 months · AED 74 per sqft
17 Dec 2017RentedRenewal
AED 150,000/yr12 months · AED 80 per sqft
17 Dec 2016RentedRenewal
AED 155,000/yr12 months · AED 82 per sqft
17 Dec 2015RentedRenewal
AED 155,000/yr12 months · AED 82 per sqft
17 Dec 2014RentedNew contract
AED 155,000/yr12 months · AED 82 per sqft

Source: Dubai Land Department. Updated 26 May 2021.

Key facts

Type
2-bed apartment
Size
1,887 sqft
Floor
2nd of 7
Parking
Building 2-B3-66
Developer
Souq Residences
Completed
2009
Service charge
AED 30,100 /yr
Last sold
AED 1.45M · May 2021

About 2207, Golden Mile 02

2207 is a two-bedroom apartment of 1,887 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 26 May 2021 for AED 1,450,000, or AED 768 per sqft, in line with the AED 757 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, renewed on 17 December 2020, is AED 100,000 a year: a gross yield of 6.9% on the 2021 price, before the service charge of about AED 30,100 a year.

Sales and rents for 2207 over time

Sales
Unit 2207, each saleTypical two-bed in Golden Mile 02
2M4M2009201420192024Typical sale price by year: 2009 AED 1,450,000; 2010 AED 1,450,000; 2011 AED 1,425,000; 2012 AED 1,418,000; 2013 AED 1,900,000; 2014 AED 2,600,000; 2016 AED 2,300,000; 2018 AED 1,600,000; 2021 AED 1,475,000; 2023 AED 2,647,500; 2024 AED 3,100,000; 2025 AED 3,500,000Sold by developer, May 2009: AED 1,250,000 (AED 662 per sqft)Sold, March 2012: AED 600,000 (AED 318 per sqft)Sold, May 2021: AED 1,450,000 (AED 768 per sqft)

2207 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2207, each contractTypical two-bed in Golden Mile 02
100K150K200K2014201820222026Typical rent by year: 2014 AED 146,606; 2015 AED 144,000; 2016 AED 153,750; 2017 AED 150,000; 2018 AED 131,000; 2019 AED 119,000; 2020 AED 100,000; 2021 AED 100,000; 2022 AED 110,775; 2023 AED 132,987; 2024 AED 172,266; 2025 AED 200,000; 2026 AED 200,000New contract, December 2014: AED 155,000 a yearRenewal, December 2015: AED 155,000 a yearRenewal, December 2016: AED 155,000 a yearRenewal, December 2017: AED 150,000 a yearRenewal, December 2018: AED 140,000 a yearRenewal, December 2019: AED 130,000 a yearRenewal, December 2020: AED 100,000 a year

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

2-beds in Golden Mile 02, and where 2207 sits

All 42 2-beds →

2207 last sold in May 2021 at AED 768 per sqft, in line with what two-beds in Golden Mile 02 were fetching at the time (AED 757). 2207's AED 100,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
16 Oct 20254,075,000
20 Mar 20253,700,000
10 Feb 20253,150,000
30 Jan 20253,500,000
0 2-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
22011-bedAED 1.65M · Jan 2023
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
22083-bedAED 2.47M · Jun 2009
1–7 of 11

2207, Golden Mile 02 in numbers

  • Sold 3 times: first on 20 May 2009 for AED 1,250,000, last on 26 May 2021 for AED 1,450,000 (AED 768 per sqft).
  • Rented since December 2014 on 7 Ejari contracts, from AED 155,000 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2021 price is 6.9%, before a service charge of about AED 30,100 a year (AED 15.96 per sqft).

Source: Dubai Land Department. Updated 26 May 2021.

Questions about 2207, Golden Mile 02

What did unit 2207 last sell for?

AED 1,450,000 on 26 May 2021: AED 768 per sqft for 1,887 sqft. The unit has 3 registered sales; the first was AED 1,250,000 in May 2009.

What is the rent for unit 2207?

AED 100,000 a year on the contract renewed on 17 December 2020. The previous contract, from December 2019, was AED 130,000; the unit has been rented since December 2014.

How big is unit 2207?

1,887 sqft (175.3 sqm): a two-bedroom apartment on the 2nd floor of a 7-storey tower completed in 2009.

What is unit 2207 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 2207, Golden Mile 02

Starts from the last sale price (AED 1.45M, 26 May 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,450,000
Deposit, UAE resident (20%)
AED 290,000
Deposit, non-resident (40%)
AED 580,000
Monthly over 25 years at 3.7%
AED 5,932

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