1-bed · 1,307 sqftGolden Mile 02, Palm Jumeirah · 5th floor · completed 2009

2504, Golden Mile 02

Sold prices and rental history: sold 3 times, last in June 2023, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2504 · DLD and Ejari recordsUpdated 13 June 2023
Last soldAED 2.1M13 June 2023
Current rentAED 70K /yr1 August 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2504, Golden Mile 02

What is 2504 worth today?

Last sold for AED 2,100,000 in 2023

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13 Jun 2023SoldReady
AED 2,100,000AED 1,607 per sqft
1 Aug 2020RentedNew contract
AED 70,000/yr12 months · AED 54 per sqft
30 Dec 2018RentedNew contract
AED 85,000/yr12 months · AED 65 per sqft
24 Aug 2017RentedNew contract
AED 110,000/yr12 months · AED 84 per sqft
25 Mar 2013SoldOff-plan
AED 1,280,000AED 979 per sqft
10 Jun 2012Sold by developerOff-plan
AED 1,090,000AED 834 per sqft

Source: Dubai Land Department. Updated 13 June 2023.

Key facts

Type
1-bed apartment
Size
1,307 sqft
Floor
5th of 7
Parking
Building 2-B3-29
Developer
Souq Residences
Completed
2009
Service charge
AED 20,900 /yr
Last sold
AED 2.1M · June 2023

About 2504, Golden Mile 02

2504 is a one-bedroom apartment of 1,307 sqft on the 5th floor of Golden Mile 02, a 7-storey tower in Palm Jumeirah completed in 2009 by Souq Residences. It last sold on 13 June 2023 for AED 2,100,000, or AED 1,607 per sqft, 27% above the AED 1,261 one-beds in the building were fetching at the time.

It has been rented since 2017 on 3 Ejari contracts. The current contract, signed on 1 August 2020, is AED 70,000 a year: a gross yield of 3.3% on the 2023 price, before the service charge of about AED 20,900 a year.

Sales and rents for 2504 over time

Sales
Unit 2504, 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, June 2012: AED 1,090,000 (AED 834 per sqft)Sold, March 2013: AED 1,280,000 (AED 979 per sqft)Sold, June 2023: AED 2,100,000 (AED 1,607 per sqft)

2504 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2504, each contractTypical one-bed in Golden Mile 02
100K2014201820222026Typical 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, August 2017: AED 110,000 a yearNew contract, December 2018: AED 85,000 a yearNew contract, August 2020: 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 2504 sits

All 18 1-beds →

2504 last sold in June 2023 at AED 1,607 per sqft, 27% above what one-beds in Golden Mile 02 were fetching at the time (AED 1,261). 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. 2504'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 5th floor

All 84 units in Golden Mile 02
Value
25011-bedAED 2.73M · Nov 2025
25022-bedAED 2.3M · Jan 2016
25032-bedAED 2.77M · Oct 2023
25052-bedAED 1.6M · Jan 2018
25061-bedAED 1.12M · May 2009
25072-bedAED 3.08M · Oct 2024
25083-bedAED 4.14M · Dec 2025
1–7 of 11

2504, Golden Mile 02 in numbers

  • Sold 3 times: first on 10 June 2012 for AED 1,090,000, last on 13 June 2023 for AED 2,100,000 (AED 1,607 per sqft).
  • Rented since August 2017 on 3 Ejari contracts, from AED 110,000 to AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2023 price is 3.3%, before a service charge of about AED 20,900 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 13 June 2023.

Questions about 2504, Golden Mile 02

What did unit 2504 last sell for?

AED 2,100,000 on 13 June 2023: AED 1,607 per sqft for 1,307 sqft. The unit has 3 registered sales; the first was AED 1,090,000 in June 2012.

What is the rent for unit 2504?

AED 70,000 a year on the contract signed on 1 August 2020. The previous contract, from December 2018, was AED 85,000; the unit has been rented since August 2017.

How big is unit 2504?

1,307 sqft (121.4 sqm): a one-bedroom apartment on the 5th floor of a 7-storey tower completed in 2009.

What is unit 2504 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 2504, Golden Mile 02

Starts from the last sale price (AED 2.1M, 13 June 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,100,000
Deposit, UAE resident (20%)
AED 420,000
Deposit, non-resident (40%)
AED 840,000
Monthly over 25 years at 3.7%
AED 8,592

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