5508, Golden Mile 05
Sold prices and rental history: sold twice, last in October 2014, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5508, Golden Mile 05
What is 5508 worth today?
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Source: Dubai Land Department. Updated 1 March 2026.
Key facts
- Type
- 3-bed apartment
- Size
- 3,329 sqft
- Floor
- 5th of 7
- Parking
- Building 5-B3-61, Building 5-B3-62
- Developer
- Souq Residences
- Completed
- 2009
- Service charge
- AED 51,600 /yr
- Last sold
- AED 4.63M · October 2014
- Building
- Golden Mile 05
About 5508, Golden Mile 05
5508 is a three-bedroom apartment of 3,329 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 2 October 2014 for AED 4,625,000, or AED 1,389 per sqft, 53% above the AED 908 three-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 4 Ejari contracts. The current contract, signed on 1 March 2026, is AED 650,000 a year: a gross yield of 14.1% on the 2014 price, before the service charge of about AED 51,600 a year.
Sales and rents for 5508 over time
5508 has sold twice; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Golden Mile 05, and where 5508 sits
All 16 3-beds →5508 last sold in October 2014 at AED 1,389 per sqft, 53% above what three-beds in Golden Mile 05 were fetching at the time (AED 908). Over the last 12 months three-beds sold for AED 5,830,000 to 9,500,000, around AED 1,790 per sqft, and rent for AED 220,000 to 650,000 a year. 5508's AED 650,000 is at the top of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 25 Sep 202625 September 2026 | 2,421 sqft | 5,830,000 | 2,407 | ||
| 8 Jan 20268 January 2026 | 3,967 sqft | 7,000,000 | 1,764 | ||
| 3 Dec 20253 December 2025 | 5,306 sqft | 9,500,000 | 1,790 | ||
| 30 Jun 202530 June 2025 | 2,421 sqft | 4,875,000 | 2,013 |
Golden Mile 05
Building83 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%
Other units on the 5th floor
All 83 units in Golden Mile 05| ValueToday's value | |||||
|---|---|---|---|---|---|
| 5501 | 1-bed | 1,304 sqft | AED 1.68MAED 1,675,000 · Mar 2017March 2017 | 120,000 /yr | |
| 5502 | 2-bed | 1,799 sqft | AED 1.5MAED 1,500,000 · Nov 2009November 2009 | ||
| 5503 | 2-bed | 1,800 sqft | AED 1.55MAED 1,550,000 · Oct 2009October 2009 | 194,250 /yr | |
| 5504 | 1-bed | 657 sqft | AED 725KAED 725,000 · Jun 2016June 2016 | 110,000 /yr | |
| 5505 | 2-bed | 1,808 sqft | AED 1.55MAED 1,550,000 · Dec 2012December 2012 | ||
| 5506 | 1-bed | 1,288 sqft | AED 1.46MAED 1,460,000 · Jan 2022January 2022 | 165,000 /yr | |
| 5507 | 2-bed | 1,887 sqft | AED 1.3MAED 1,300,000 · Feb 2020February 2020 | 145,000 /yr | |
| 5509 | 2-bed | 1,794 sqft | AED 3.75MAED 3,750,000 · Mar 2025March 2025 | 104,500 /yr | |
| 5510 | 2-bed | 1,794 sqft | AED 2.3MAED 2,300,000 · Apr 2022April 2022 | 105,000 /yr | |
| 5511 | 2-bed | 1,794 sqft | AED 2.85MAED 2,850,000 · Nov 2014November 2014 | 187,000 /yr | |
| 5512 | 3-bed | 2,421 sqft | AED 5.83MAED 5,830,000 · Sep 2026September 2026 | 217,350 /yr |
5508, Golden Mile 05 in numbers
- Sold twice: first on 21 May 2009 for AED 2,565,000, last on 2 October 2014 for AED 4,625,000 (AED 1,389 per sqft).
- Rented since June 2014 on 4 Ejari contracts. The rent fell from AED 242,000 to AED 150,000 in 2020 and recovered to AED 650,000 by March 2026.
- At AED 650,000 a year the gross yield on the 2014 price is 14.1%, before a service charge of about AED 51,600 a year (AED 15.49 per sqft).
- Three-beds in Golden Mile 05 sold for AED 5,830,000–9,500,000 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 1 March 2026.
Questions about 5508, Golden Mile 05
What did unit 5508 last sell for?
AED 4,625,000 on 2 October 2014: AED 1,389 per sqft for 3,329 sqft. The unit has 2 registered sales; the first was AED 2,565,000 in May 2009.
What is the rent for unit 5508?
AED 650,000 a year on the contract signed on 1 March 2026. The previous contract, from October 2020, was AED 150,000; the unit has been rented since June 2014.
How big is unit 5508?
3,329 sqft (309.3 sqm): a three-bedroom apartment on the 5th floor of a 7-storey tower completed in 2009.
What is unit 5508 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Golden Mile 05 sold for AED 5,830,000 to 9,500,000 in the last 12 months, around AED 1,790 per sqft.
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Mortgage on 5508, Golden Mile 05
Starts from the last sale price (AED 4.63M, 2 October 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 4,625,000
- Deposit, UAE resident (20%)
- AED 925,000
- Deposit, non-resident (40%)
- AED 1,850,000
- Monthly over 25 years at 3.7%
- AED 18,922
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →