4501, Golden Mile 04
Sold prices and rental history: sold 3 times, last in June 2014, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 4501, Golden Mile 04
What is 4501 worth today?
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Source: Dubai Land Department. Updated 6 September 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 1,304 sqft
- Floor
- 5th of 7
- Parking
- Building 4-B3-132
- Developer
- Souq Residences
- Completed
- 2009
- Service charge
- AED 20,200 /yr
- Last sold
- AED 1.84M · June 2014
- Building
- Golden Mile 04
About 4501, Golden Mile 04
4501 is a one-bedroom apartment of 1,304 sqft on the 5th floor of Golden Mile 04, a 7-storey tower in Palm Jumeirah completed in 2009 by Souq Residences. It last sold on 12 June 2014 for AED 1,840,000, or AED 1,411 per sqft, 21% above the AED 1,164 one-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, signed on 6 September 2024, is AED 135,000 a year: a gross yield of 7.3% on the 2014 price, before the service charge of about AED 20,200 a year.
Sales and rents for 4501 over time
4501 has sold 3 times; the dashed line is the one-bed median of each year in the building.
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 04, and where 4501 sits
All 18 1-beds →4501 last sold in June 2014 at AED 1,411 per sqft, 21% above what one-beds in Golden Mile 04 were fetching at the time (AED 1,164). 4501's AED 135,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 21 Jun 202421 June 2024 | 1,288 sqft | 1,900,000 | 1,474 | ||
| 31 Jan 202431 January 2024 | 1,409 sqft | 2,300,000 | 1,631 | ||
| 30 Nov 202330 November 2023 | 1,307 sqft | 2,090,000 | 1,599 | ||
| 17 Oct 202317 October 2023 | 1,304 sqft | 2,070,000 | 1,587 |
Golden Mile 04
Building84 apartments, 1-bed to 5-bed over 7 floors in Palm Jumeirah, completed in 2009 by Souq Residences. 2 sold in the last 12 months.
- Typical price per sqft
- AED 1,931
- Typical sale
- AED 5.06M
- Typical rent
- AED 178K /yr
- Typical yield
- 5.0%
Other units on the 5th floor
All 84 units in Golden Mile 04| ValueToday's value | |||||
|---|---|---|---|---|---|
| 4502 | 2-bed | 453 sqft | AED 740KAED 740,000 · May 2024May 2024 | 157,500 /yr | |
| 4503 | 2-bed | 1,800 sqft | AED 3.22MAED 3,220,000 · Aug 2026August 2026 | ||
| 4504 | 1-bed | 1,307 sqft | AED 1.53MAED 1,525,000 · Mar 2018March 2018 | 120,000 /yr | |
| 4505 | 2-bed | 1,808 sqft | AED 1.9MAED 1,900,000 · Jun 2022June 2022 | 150,000 /yr | |
| 4506 | 1-bed | 1,288 sqft | AED 1.1MAED 1,100,000 · May 2012May 2012 | 165,000 /yr | |
| 4507 | 2-bed | 1,887 sqft | AED 2MAED 2,000,000 · May 2017May 2017 | 160,000 /yr | |
| 4508 | 3-bed | 3,329 sqft | AED 2.6MAED 2,600,000 · May 2009May 2009 | 250,000 /yr | |
| 4509 | 2-bed | 1,794 sqft | AED 2.31MAED 2,310,000 · Jun 2022June 2022 | 49,866 /yr | |
| 4510 | 2-bed | 1,794 sqft | AED 2.55MAED 2,550,000 · Nov 2013November 2013 | 146,107 /yr | |
| 4511 | 2-bed | 901 sqft | AED 1.8MAED 1,800,000 · May 2009May 2009 | 180,000 /yr | |
| 4512 | 3-bed | 2,421 sqft | AED 2.2MAED 2,200,000 · May 2009May 2009 | 280,000 /yr |
4501, Golden Mile 04 in numbers
- Sold 3 times: first on 24 May 2009 for AED 1,190,000, last on 12 June 2014 for AED 1,840,000 (AED 1,411 per sqft).
- Rented since July 2017 on 7 Ejari contracts. The rent fell from AED 110,000 to AED 85,000 in 2021 and recovered to AED 135,000 by September 2024.
- At AED 135,000 a year the gross yield on the 2014 price is 7.3%, before a service charge of about AED 20,200 a year (AED 15.49 per sqft).
Source: Dubai Land Department. Updated 6 September 2024.
Questions about 4501, Golden Mile 04
What did unit 4501 last sell for?
AED 1,840,000 on 12 June 2014: AED 1,411 per sqft for 1,304 sqft. The unit has 3 registered sales; the first was AED 1,190,000 in May 2009.
What is the rent for unit 4501?
AED 135,000 a year on the contract signed on 6 September 2024. The previous contract, from August 2023, was AED 123,000; the unit has been rented since July 2017.
How big is unit 4501?
1,304 sqft (121.1 sqm): a one-bedroom apartment on the 5th floor of a 7-storey tower completed in 2009.
What is unit 4501 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 4501, Golden Mile 04
Starts from the last sale price (AED 1.84M, 12 June 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 1,840,000
- Deposit, UAE resident (20%)
- AED 368,000
- Deposit, non-resident (40%)
- AED 736,000
- Monthly over 25 years at 3.7%
- AED 7,528
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →