2-bed · 1,808 sqftGolden Mile 05, Palm Jumeirah · 2nd floor · completed 2009

5205, Golden Mile 05

Sold prices and rental history: sold 4 times, last in May 2013, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5205 · DLD and Ejari recordsUpdated 2 October 2018
Last soldAED 1.93M27 May 2013
Current rentAED 120K /yr2 October 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5205, Golden Mile 05

What is 5205 worth today?

Last sold for AED 1,925,000 in 2013

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2 Oct 2018RentedNew contract
AED 120,000/yr48 months · AED 66 per sqft
15 Aug 2017RentedRenewal
AED 140,000/yr12 months · AED 77 per sqft
15 Aug 2016RentedNew contract
AED 145,000/yr12 months · AED 80 per sqft
20 Feb 2015RentedNew contract
AED 150,000/yr12 months · AED 83 per sqft
27 May 2013SoldOff-plan
AED 1,925,000AED 1,064 per sqft
4 Dec 2012SoldOff-plan
AED 1,300,000AED 719 per sqft
9 Jul 2009Sold by developerOff-plan
AED 1,200,000AED 663 per sqft
9 Jul 2009SoldOff-plan
AED 1,200,000AED 663 per sqft

Source: Dubai Land Department. Updated 2 October 2018.

Key facts

Type
2-bed apartment
Size
1,808 sqft
Floor
2nd of 7
Parking
Building 5-B3-59
Developer
Souq Residences
Completed
2009
Service charge
AED 28,000 /yr
Last sold
AED 1.93M · May 2013

About 5205, Golden Mile 05

5205 is a two-bedroom apartment of 1,808 sqft on the 2nd floor of Golden Mile 05, a 7-storey tower in Palm Jumeirah completed in 2009 by Souq Residences. It last sold on 27 May 2013 for AED 1,925,000, or AED 1,064 per sqft, 27% above the AED 835 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 4 Ejari contracts. The current contract, signed on 2 October 2018, is AED 120,000 a year: a gross yield of 6.2% on the 2013 price, before the service charge of about AED 28,000 a year.

Sales and rents for 5205 over time

Sales
Unit 5205, each saleTypical two-bed in Golden Mile 05
2M4M2004201020162022Typical sale price by year: 2004 AED 1,570,000; 2009 AED 1,540,000; 2010 AED 1,550,000; 2012 AED 875,000; 2013 AED 1,592,500; 2014 AED 2,850,000; 2016 AED 875,000; 2020 AED 1,305,000; 2022 AED 2,150,000; 2023 AED 2,450,000; 2024 AED 2,900,000; 2025 AED 3,894,444Sold by developer, July 2009: AED 1,200,000 (AED 663 per sqft)Sold, July 2009: AED 1,200,000 (AED 663 per sqft)Sold, December 2012: AED 1,300,000 (AED 719 per sqft)Sold, May 2013: AED 1,925,000 (AED 1,064 per sqft)

5205 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 5205, each contractTypical two-bed in Golden Mile 05
100K150K200K2014201820222026Typical rent by year: 2014 AED 165,000; 2015 AED 158,750; 2016 AED 160,000; 2017 AED 145,000; 2018 AED 130,000; 2019 AED 125,000; 2020 AED 101,400; 2021 AED 105,000; 2022 AED 115,500; 2023 AED 137,557; 2024 AED 180,000; 2025 AED 190,000; 2026 AED 190,000New contract, February 2015: AED 150,000 a yearNew contract, August 2016: AED 145,000 a yearRenewal, August 2017: AED 140,000 a yearNew contract, October 2018: 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 05, and where 5205 sits

All 42 2-beds →

5205 last sold in May 2013 at AED 1,064 per sqft, 27% above what two-beds in Golden Mile 05 were fetching at the time (AED 835). Over the last 12 months two-beds sold for AED 3,700,000 to 4,000,000, around AED 2,091 per sqft, and rent for AED 149,598 to 245,000 a year. 5205's AED 120,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
19 Jan 20263,700,000
15 Dec 20254,000,000
7 Nov 20253,800,000
9 Jul 20253,800,000
2 2-bed sales in the last 12 months

Golden Mile 05

Building

83 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 1,960
Typical sale
AED 5.83M
Typical rent
AED 187K /yr
Typical yield
5.2%
Golden Mile 05, Palm Jumeirah: prices, sales and rents →

Other units on the 2nd floor

All 83 units in Golden Mile 05
Value
52011-bedAED 1.04M · May 2009
52022-bedAED 2M · Jun 2022
52032-bedAED 2.35M · Sep 2023
52041-bedAED 2M · May 2025
52061-bedAED 1.16M · Mar 2019
52072-bedAED 1.95M · Nov 2022
52083-bedAED 2.47M · May 2009
1–7 of 11

5205, Golden Mile 05 in numbers

  • Sold 4 times: first on 9 July 2009 for AED 1,200,000, last on 27 May 2013 for AED 1,925,000 (AED 1,064 per sqft).
  • Rented since February 2015 on 4 Ejari contracts, from AED 150,000 to AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2013 price is 6.2%, before a service charge of about AED 28,000 a year (AED 15.49 per sqft).
  • Two-beds in Golden Mile 05 sold for AED 3,700,000–4,000,000 in the 12 months to November 2026; the building's median across all types is AED 1,960 per sqft.

Source: Dubai Land Department. Updated 2 October 2018.

Questions about 5205, Golden Mile 05

What did unit 5205 last sell for?

AED 1,925,000 on 27 May 2013: AED 1,064 per sqft for 1,808 sqft. The unit has 4 registered sales; the first was AED 1,200,000 in July 2009.

What is the rent for unit 5205?

AED 120,000 a year on the contract signed on 2 October 2018. The previous contract, from August 2017, was AED 140,000; the unit has been rented since February 2015.

How big is unit 5205?

1,808 sqft (168.0 sqm): a two-bedroom apartment on the 2nd floor of a 7-storey tower completed in 2009.

What is unit 5205 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Golden Mile 05 sold for AED 3,700,000 to 4,000,000 in the last 12 months, around AED 2,091 per sqft.

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Mortgage on 5205, Golden Mile 05

Starts from the last sale price (AED 1.93M, 27 May 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,925,000
Deposit, UAE resident (20%)
AED 385,000
Deposit, non-resident (40%)
AED 770,000
Monthly over 25 years at 3.7%
AED 7,876

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