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2-bed · 1,799 sqftGolden Mile 05, Palm Jumeirah · 5th floor · completed 2009

5502, Golden Mile 05

Sold prices and rental history: sold twice, last in November 2009, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5502 · DLD and Ejari recordsUpdated 4 November 2009
Last soldAED 1.5M4 November 2009
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 5502, Golden Mile 05

What is 5502 worth today?

Last sold for AED 1,500,000 in 2009

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4 Nov 2009SoldOff-plan
AED 1,500,000AED 833 per sqft
28 Dec 2004Sold by developerOff-plan
AED 1,600,000AED 889 per sqft

Source: Dubai Land Department. Updated 4 November 2009.

Key facts

Type
2-bed apartment
Size
1,799 sqft
Floor
5th of 7
Parking
Building 5-B3-121,122
Developer
Souq Residences
Completed
2009
Service charge
AED 27,900 /yr
Last sold
AED 1.5M · November 2009
Building
Golden Mile 05

About 5502, Golden Mile 05

5502 is a two-bedroom apartment of 1,799 sqft on the 5th floor of Golden Mile 05, a 7-storey tower in Palm Jumeirah completed in 2009 by Souq Residences. It last sold on 4 November 2009 for AED 1,500,000, or AED 833 per sqft, in line with the AED 831 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 5502 over time

Sales
Unit 5502, 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, December 2004: AED 1,600,000 (AED 889 per sqft)Sold, November 2009: AED 1,500,000 (AED 833 per sqft)

5502 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 5502, 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 190,000

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 5502 sits

All 42 2-beds →

5502 last sold in November 2009 at AED 833 per sqft, in line with what two-beds in Golden Mile 05 were fetching at the time (AED 831). 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.

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 5th floor

All 83 units in Golden Mile 05
Value
55011-bedAED 1.68M · Mar 2017
55032-bedAED 1.55M · Oct 2009
55041-bedAED 725K · Jun 2016
55052-bedAED 1.55M · Dec 2012
55061-bedAED 1.46M · Jan 2022
55072-bedAED 1.3M · Feb 2020
55083-bedAED 4.63M · Oct 2014
1–7 of 11

5502, Golden Mile 05 in numbers

  • Sold twice: first on 28 December 2004 for AED 1,600,000, last on 4 November 2009 for AED 1,500,000 (AED 833 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 4 November 2009.

Questions about 5502, Golden Mile 05

What did unit 5502 last sell for?

AED 1,500,000 on 4 November 2009: AED 833 per sqft for 1,799 sqft. The unit has 2 registered sales; the first was AED 1,600,000 in December 2004.

How big is unit 5502?

1,799 sqft (167.1 sqm): a two-bedroom apartment on the 5th floor of a 7-storey tower completed in 2009.

What is unit 5502 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 5502, Golden Mile 05

Starts from the last sale price (AED 1.5M, 4 November 2009). Switch to today's estimate once you have unlocked it.
Price
AED 1,500,000
Deposit, UAE resident (20%)
AED 300,000
Deposit, non-resident (40%)
AED 600,000
Monthly over 25 years at 3.7%
AED 6,137

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