5602, Golden Mile 05
Sold prices and rental history: sold twice, last in September 2020, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5602, Golden Mile 05
What is 5602 worth today?
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Source: Dubai Land Department. Updated 29 September 2020.
Key facts
- Type
- 2-bed apartment
- Size
- 1,799 sqft
- Floor
- 6th of 7
- Parking
- Building 5-B3-38
- Developer
- Souq Residences
- Completed
- 2009
- Service charge
- AED 27,900 /yr
- Last sold
- AED 1.31M · September 2020
- Building
- Golden Mile 05
About 5602, Golden Mile 05
5602 is a two-bedroom apartment of 1,799 sqft on the 6th floor of Golden Mile 05, a 7-storey tower in Palm Jumeirah completed in 2009 by Souq Residences. It last sold on 29 September 2020 for AED 1,310,000, or AED 728 per sqft, 6% above the AED 688 two-beds in the building were fetching at the time.
It has been rented since 2014 on 2 Ejari contracts. The current contract, signed on 15 October 2016, is AED 160,000 a year: a gross yield of 12.2% on the 2020 price, before the service charge of about AED 27,900 a year.
Sales and rents for 5602 over time
5602 has sold twice; the dashed line is the two-bed median of each year in the building.
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 5602 sits
All 42 2-beds →5602 last sold in September 2020 at AED 728 per sqft, 6% above what two-beds in Golden Mile 05 were fetching at the time (AED 688). 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. 5602's AED 160,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 19 Jan 202619 January 2026 | 1,887 sqft | 3,700,000 | 1,960 | ||
| 15 Dec 202515 December 2025 | 1,800 sqft | 4,000,000 | 2,222 | ||
| 7 Nov 20257 November 2025 | 1,800 sqft | 3,800,000 | 2,111 | ||
| 9 Jul 20259 July 2025 | 1,799 sqft | 3,800,000 | 2,112 |
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 6th floor
All 83 units in Golden Mile 05| ValueToday's value | |||||
|---|---|---|---|---|---|
| 5601 | 1-bed | 656 sqft | AED 1.29MAED 1,290,000 · May 2009May 2009 | 138,000 /yr | |
| 5603 | 2-bed | 1,800 sqft | AED 3.8MAED 3,800,000 · Nov 2025November 2025 | 115,000 /yr | |
| 5604 | 1-bed | 1,307 sqft | AED 1.6MAED 1,600,000 · Jun 2022June 2022 | 75,000 /yr | |
| 5605 | 2-bed | 1,808 sqft | AED 2.7MAED 2,700,000 · Mar 2024March 2024 | 115,560 /yr | |
| 5606 | 1-bed | 1,288 sqft | AED 1.63MAED 1,625,000 · Aug 2015August 2015 | 139,625 /yr | |
| 5607 | 2-bed | 1,887 sqft | AED 2.1MAED 2,100,000 · Mar 2016March 2016 | 175,000 /yr | |
| 5608 | 3-bed | 3,329 sqft | AED 4.12MAED 4,120,000 · Apr 2022April 2022 | 168,000 /yr | |
| 5609 | 2-bed | 1,788 sqft | AED 2.5MAED 2,500,000 · Mar 2023March 2023 | 138,000 /yr | |
| 5610 | 2-bed | 1,794 sqft | AED 4.1MAED 4,100,000 · Jul 2025July 2025 | 210,000 /yr | |
| 5611 | 2-bed | 1,796 sqft | AED 1.29MAED 1,287,500 · Nov 2015November 2015 | 250,000 /yr | |
| 5612 | 3-bed | 2,421 sqft | AED 3.2MAED 3,200,000 · Jun 2015June 2015 |
5602, Golden Mile 05 in numbers
- Sold twice: first on 24 May 2009 for AED 1,600,000, last on 29 September 2020 for AED 1,310,000 (AED 728 per sqft).
- Rented since October 2014 on 2 Ejari contracts, from AED 170,000 to AED 160,000 a year.
- At AED 160,000 a year the gross yield on the 2020 price is 12.2%, before a service charge of about AED 27,900 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 29 September 2020.
Questions about 5602, Golden Mile 05
What did unit 5602 last sell for?
AED 1,310,000 on 29 September 2020: AED 728 per sqft for 1,799 sqft. The unit has 2 registered sales; the first was AED 1,600,000 in May 2009.
What is the rent for unit 5602?
AED 160,000 a year on the contract signed on 15 October 2016. The previous contract, from October 2014, was AED 170,000.
How big is unit 5602?
1,799 sqft (167.1 sqm): a two-bedroom apartment on the 6th floor of a 7-storey tower completed in 2009.
What is unit 5602 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 5602, Golden Mile 05
Starts from the last sale price (AED 1.31M, 29 September 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 1,310,000
- Deposit, UAE resident (20%)
- AED 262,000
- Deposit, non-resident (40%)
- AED 524,000
- Monthly over 25 years at 3.7%
- AED 5,360
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →