2-bed · 1,800 sqftGolden Mile 02, Palm Jumeirah · 4th floor · completed 2009

2403, Golden Mile 02

Sold prices and rental history: sold twice, last in June 2023, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2403 · DLD and Ejari recordsUpdated 22 June 2023
Last soldAED 2.53M22 June 2023
Current rentAED 120K /yr1 April 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2403, Golden Mile 02

What is 2403 worth today?

Last sold for AED 2,525,000 in 2023

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22 Jun 2023SoldReady
AED 2,525,000AED 1,403 per sqft
1 Apr 2023RentedRenewal
AED 120,000/yr12 months · AED 67 per sqft
1 Apr 2022RentedNew contract
AED 120,000/yr12 months · AED 67 per sqft
15 May 2021RentedNew contract
AED 100,000/yr12 months · AED 56 per sqft
5 Apr 2020RentedRenewal
AED 110,000/yr12 months · AED 61 per sqft
5 Apr 2019RentedRenewal
AED 122,000/yr12 months · AED 68 per sqft
5 Apr 2018RentedNew contract
AED 132,000/yr12 months · AED 73 per sqft
16 Sep 2014RentedNew contract
AED 165,000/yr12 months · AED 92 per sqft

Source: Dubai Land Department. Updated 22 June 2023.

Key facts

Type
2-bed apartment
Size
1,800 sqft
Floor
4th of 7
Parking
Building 2-B3-81
Developer
Souq Residences
Completed
2009
Service charge
AED 28,700 /yr
Last sold
AED 2.53M · June 2023

About 2403, Golden Mile 02

2403 is a two-bedroom apartment of 1,800 sqft on the 4th floor of Golden Mile 02, a 7-storey tower in Palm Jumeirah completed in 2009 by Souq Residences. It last sold on 22 June 2023 for AED 2,525,000, or AED 1,403 per sqft, 13% above the AED 1,244 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 1 April 2023, is AED 120,000 a year: a gross yield of 4.8% on the 2023 price, before the service charge of about AED 28,700 a year.

Sales and rents for 2403 over time

Sales
Unit 2403, each saleTypical two-bed in Golden Mile 02
1M2M3M2009201420192024Typical 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 1,350,000 (AED 750 per sqft)Sold, June 2023: AED 2,525,000 (AED 1,403 per sqft)

2403 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2403, 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, September 2014: AED 165,000 a yearNew contract, April 2018: AED 132,000 a yearRenewal, April 2019: AED 122,000 a yearRenewal, April 2020: AED 110,000 a yearNew contract, May 2021: AED 100,000 a yearNew contract, April 2022: AED 120,000 a yearRenewal, April 2023: AED 120,000 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 2403 sits

All 42 2-beds →

2403 last sold in June 2023 at AED 1,403 per sqft, 13% above what two-beds in Golden Mile 02 were fetching at the time (AED 1,244). 2403's AED 120,000 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 4th floor

All 84 units in Golden Mile 02
Value
24011-bedAED 2.45M · May 2026
24022-bedAED 2.8M · Oct 2023
24041-bedAED 2.65M · Oct 2025
24052-bedAED 1.35M · Dec 2020
24061-bedAED 2.23M · Feb 2025
24072-bedAED 1.5M · Jan 2024
24083-bedAED 2.35M · May 2009
1–7 of 11

2403, Golden Mile 02 in numbers

  • Sold twice: first on 20 May 2009 for AED 1,350,000, last on 22 June 2023 for AED 2,525,000 (AED 1,403 per sqft).
  • Rented since September 2014 on 7 Ejari contracts. The rent fell from AED 165,000 to AED 100,000 in 2021 and recovered to AED 120,000 by April 2023.
  • At AED 120,000 a year the gross yield on the 2023 price is 4.8%, before a service charge of about AED 28,700 a year (AED 15.96 per sqft).

Source: Dubai Land Department. Updated 22 June 2023.

Questions about 2403, Golden Mile 02

What did unit 2403 last sell for?

AED 2,525,000 on 22 June 2023: AED 1,403 per sqft for 1,800 sqft. The unit has 2 registered sales; the first was AED 1,350,000 in May 2009.

What is the rent for unit 2403?

AED 120,000 a year on the contract renewed on 1 April 2023. The previous contract, from April 2022, was AED 120,000; the unit has been rented since September 2014.

How big is unit 2403?

1,800 sqft (167.2 sqm): a two-bedroom apartment on the 4th floor of a 7-storey tower completed in 2009.

What is unit 2403 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 2403, Golden Mile 02

Starts from the last sale price (AED 2.53M, 22 June 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,525,000
Deposit, UAE resident (20%)
AED 505,000
Deposit, non-resident (40%)
AED 1,010,000
Monthly over 25 years at 3.7%
AED 10,331

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