1-bed · 1,304 sqftGolden Mile 02, Palm Jumeirah · 6th floor · completed 2009

2601, Golden Mile 02

Sold prices and rental history: sold 4 times, last in October 2022, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2601 · DLD and Ejari recordsUpdated 24 October 2022
Last soldAED 1.7M24 October 2022
Current rentAED 75K /yr1 March 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2601, Golden Mile 02

What is 2601 worth today?

Last sold for AED 1,700,000 in 2022

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24 Oct 2022SoldReady
AED 1,700,000AED 1,303 per sqft
24 Mar 2021SoldReady
AED 1,100,000AED 843 per sqft
1 Mar 2020RentedNew contract
AED 75,000/yr12 months · AED 58 per sqft
25 Feb 2019RentedRenewal
AED 95,690/yr12 months · AED 73 per sqft
25 Feb 2018RentedRenewal
AED 120,000/yr12 months · AED 92 per sqft
25 Feb 2017RentedNew contract
AED 120,000/yr12 months · AED 92 per sqft
29 Apr 2014SoldOff-plan
AED 1,950,000AED 1,495 per sqft
19 May 2009Sold by developerOff-plan
AED 1,190,000AED 912 per sqft

Source: Dubai Land Department. Updated 24 October 2022.

Key facts

Type
1-bed apartment
Size
1,304 sqft
Floor
6th of 7
Parking
Building 2-B3-61
Developer
Souq Residences
Completed
2009
Service charge
AED 20,800 /yr
Last sold
AED 1.7M · October 2022

About 2601, Golden Mile 02

2601 is a one-bedroom apartment of 1,304 sqft on the 6th floor of Golden Mile 02, a 7-storey tower in Palm Jumeirah completed in 2009 by Souq Residences. It last sold on 24 October 2022 for AED 1,700,000, or AED 1,303 per sqft, 10% above the AED 1,184 one-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, signed on 1 March 2020, is AED 75,000 a year: a gross yield of 4.4% on the 2022 price, before the service charge of about AED 20,800 a year.

Sales and rents for 2601 over time

Sales
Unit 2601, 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 1,190,000 (AED 912 per sqft)Sold, April 2014: AED 1,950,000 (AED 1,495 per sqft)Sold, March 2021: AED 1,100,000 (AED 843 per sqft)Sold, October 2022: AED 1,700,000 (AED 1,303 per sqft)

2601 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2601, 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, February 2017: AED 120,000 a yearRenewal, February 2018: AED 120,000 a yearRenewal, February 2019: AED 95,690 a yearNew contract, March 2020: AED 75,000 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 2601 sits

All 18 1-beds →

2601 last sold in October 2022 at AED 1,303 per sqft, 10% above what one-beds in Golden Mile 02 were fetching at the time (AED 1,184). 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. 2601's AED 75,000 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 6th floor

All 84 units in Golden Mile 02
Value
26022-bedAED 1.4M · Nov 2018
26032-bedAED 2.08M · Mar 2023
26041-bedAED 1.14M · May 2009
26052-bedAED 1.45M · May 2009
26061-bedAED 1.18M · Jul 2010
26072-bedAED 3.15M · Feb 2025
26083-bedAED 3.95M · Jun 2017
1–7 of 11

2601, Golden Mile 02 in numbers

  • Sold 4 times: first on 19 May 2009 for AED 1,190,000, last on 24 October 2022 for AED 1,700,000 (AED 1,303 per sqft).
  • Rented since February 2017 on 4 Ejari contracts, from AED 120,000 to AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2022 price is 4.4%, 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 24 October 2022.

Questions about 2601, Golden Mile 02

What did unit 2601 last sell for?

AED 1,700,000 on 24 October 2022: AED 1,303 per sqft for 1,304 sqft. The unit has 4 registered sales; the first was AED 1,190,000 in May 2009.

What is the rent for unit 2601?

AED 75,000 a year on the contract signed on 1 March 2020. The previous contract, from February 2019, was AED 95,690; the unit has been rented since February 2017.

How big is unit 2601?

1,304 sqft (121.1 sqm): a one-bedroom apartment on the 6th floor of a 7-storey tower completed in 2009.

What is unit 2601 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 2601, Golden Mile 02

Starts from the last sale price (AED 1.7M, 24 October 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,700,000
Deposit, UAE resident (20%)
AED 340,000
Deposit, non-resident (40%)
AED 680,000
Monthly over 25 years at 3.7%
AED 6,955

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