2-bed · 1,794 sqftGolden Mile 05, Palm Jumeirah · 3rd floor · completed 2009

5310, Golden Mile 05

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

Unit 5310 · DLD and Ejari recordsUpdated 22 March 2023
Last soldAED 2.5M22 March 2023
Current rentAED 115K /yr25 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5310, Golden Mile 05

What is 5310 worth today?

Last sold for AED 2,500,000 in 2023

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22 Mar 2023SoldReady
AED 2,500,000AED 1,393 per sqft
25 Mar 2022RentedRenewal
AED 115,000/yr12 months · AED 64 per sqft
25 Mar 2021RentedNew contract
AED 105,000/yr12 months · AED 59 per sqft
10 Dec 2020RentedRenewal
AED 115,000/yr3 months · AED 64 per sqft
10 Dec 2019RentedNew contract
AED 130,000/yr12 months · AED 72 per sqft
10 Dec 2018RentedNew contract
AED 135,000/yr12 months · AED 75 per sqft
22 Nov 2017RentedNew contract
AED 160,000/yr12 months · AED 89 per sqft
21 May 2009Sold by developerOff-plan
AED 1,750,000AED 975 per sqft

Source: Dubai Land Department. Updated 22 March 2023.

Key facts

Type
2-bed apartment
Size
1,794 sqft
Floor
3rd of 7
Parking
Building 5-B3-98
Developer
Souq Residences
Completed
2009
Service charge
AED 27,800 /yr
Last sold
AED 2.5M · March 2023

About 5310, Golden Mile 05

5310 is a two-bedroom apartment of 1,794 sqft on the 3rd floor of Golden Mile 05, a 7-storey tower in Palm Jumeirah completed in 2009 by Souq Residences. It last sold on 22 March 2023 for AED 2,500,000, or AED 1,393 per sqft, 9% above the AED 1,281 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, renewed on 25 March 2022, is AED 115,000 a year: a gross yield of 4.6% on the 2023 price, before the service charge of about AED 27,800 a year.

Sales and rents for 5310 over time

Sales
Unit 5310, 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, May 2009: AED 1,750,000 (AED 975 per sqft)Sold, March 2023: AED 2,500,000 (AED 1,393 per sqft)

5310 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 5310, 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, November 2017: AED 160,000 a yearNew contract, December 2018: AED 135,000 a yearNew contract, December 2019: AED 130,000 a yearRenewal, December 2020: AED 115,000 a yearNew contract, March 2021: AED 105,000 a yearRenewal, March 2022: AED 115,000 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 5310 sits

All 42 2-beds →

5310 last sold in March 2023 at AED 1,393 per sqft, 9% above what two-beds in Golden Mile 05 were fetching at the time (AED 1,281). 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. 5310's AED 115,000 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 3rd floor

All 83 units in Golden Mile 05
Value
53011-bedAED 1.37M · Sep 2018
53022-bedAED 1.5M · May 2009
53032-bedAED 2M · Aug 2022
53041-bedAED 1.5M · Jan 2023
53052-bedAED 2.7M · Sep 2023
53061-bedAED 2.01M · Apr 2024
53072-bedAED 1.45M · May 2009
1–7 of 11

5310, Golden Mile 05 in numbers

  • Sold twice: first on 21 May 2009 for AED 1,750,000, last on 22 March 2023 for AED 2,500,000 (AED 1,393 per sqft).
  • Rented since November 2017 on 6 Ejari contracts, from AED 160,000 to AED 115,000 a year.
  • At AED 115,000 a year the gross yield on the 2023 price is 4.6%, before a service charge of about AED 27,800 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 22 March 2023.

Questions about 5310, Golden Mile 05

What did unit 5310 last sell for?

AED 2,500,000 on 22 March 2023: AED 1,393 per sqft for 1,794 sqft. The unit has 2 registered sales; the first was AED 1,750,000 in May 2009.

What is the rent for unit 5310?

AED 115,000 a year on the contract renewed on 25 March 2022. The previous contract, from March 2021, was AED 105,000; the unit has been rented since November 2017.

How big is unit 5310?

1,794 sqft (166.7 sqm): a two-bedroom apartment on the 3rd floor of a 7-storey tower completed in 2009.

What is unit 5310 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 5310, Golden Mile 05

Starts from the last sale price (AED 2.5M, 22 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,500,000
Deposit, UAE resident (20%)
AED 500,000
Deposit, non-resident (40%)
AED 1,000,000
Monthly over 25 years at 3.7%
AED 10,228

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