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1-bed · 1,307 sqftGolden Mile 05, Palm Jumeirah · 6th floor · completed 2009

5604, Golden Mile 05

Sold prices and rental history: sold 3 times, last in June 2022, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5604 · DLD and Ejari recordsUpdated 9 June 2022
Last soldAED 1.6M9 June 2022
Current rentAED 75K /yr31 January 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 5604, Golden Mile 05

What is 5604 worth today?

Last sold for AED 1,600,000 in 2022

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9 Jun 2022SoldReady
AED 1,600,000AED 1,224 per sqft
31 Jan 2021RentedRenewal
AED 75,000/yr12 months · AED 58 per sqft
31 Jan 2020RentedRenewal
AED 85,000/yr12 months · AED 65 per sqft
31 Jan 2019RentedNew contract
AED 85,000/yr12 months · AED 65 per sqft
1 Oct 2017RentedNew contract
AED 105,000/yr12 months · AED 81 per sqft
3 Sep 2016RentedNew contract
AED 130,000/yr12 months · AED 100 per sqft
25 Mar 2014SoldOff-plan
AED 1,565,000AED 1,197 per sqft
21 May 2009Sold by developerOff-plan
AED 1,290,000AED 987 per sqft

Source: Dubai Land Department. Updated 9 June 2022.

Key facts

Type
1-bed apartment
Size
1,307 sqft
Floor
6th of 7
Parking
Building 5-B3-49
Developer
Souq Residences
Completed
2009
Service charge
AED 20,200 /yr
Last sold
AED 1.6M · June 2022
Building
Golden Mile 05

About 5604, Golden Mile 05

5604 is a one-bedroom apartment of 1,307 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 9 June 2022 for AED 1,600,000, or AED 1,224 per sqft, 8% above the AED 1,133 one-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, renewed on 31 January 2021, is AED 75,000 a year: a gross yield of 4.7% on the 2022 price, before the service charge of about AED 20,200 a year.

Sales and rents for 5604 over time

Sales
Unit 5604, each saleTypical one-bed in Golden Mile 05
500K1M1.5M2009201320172021Typical sale price by year: 2009 AED 1,200,000; 2012 AED 570,000; 2014 AED 1,565,000; 2016 AED 582,500; 2018 AED 1,377,500; 2022 AED 1,460,000Sold by developer, May 2009: AED 1,290,000 (AED 987 per sqft)Sold, March 2014: AED 1,565,000 (AED 1,197 per sqft)Sold, June 2022: AED 1,600,000 (AED 1,224 per sqft)

5604 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 5604, each contractTypical one-bed in Golden Mile 05
75K100K125K20152018202120242027Typical rent by year: 2015 AED 115,000; 2016 AED 120,000; 2017 AED 105,000; 2018 AED 95,000; 2019 AED 85,000; 2020 AED 75,000; 2021 AED 75,000; 2022 AED 85,000; 2023 AED 101,736; 2024 AED 118,800; 2025 AED 130,000; 2026 AED 120,000New contract, September 2016: AED 130,000 a yearNew contract, October 2017: AED 105,000 a yearNew contract, January 2019: AED 85,000 a yearRenewal, January 2020: AED 85,000 a yearRenewal, January 2021: AED 75,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Golden Mile 05, and where 5604 sits

All 18 1-beds →

5604 last sold in June 2022 at AED 1,224 per sqft, 8% above what one-beds in Golden Mile 05 were fetching at the time (AED 1,133). 5604's AED 75,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
29 May 20252,000,000
3 Apr 20242,010,000
18 Jan 20231,500,000
7 Feb 20221,180,000
0 1-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 6th floor

All 83 units in Golden Mile 05
Value
56011-bedAED 1.29M · May 2009
56022-bedAED 1.31M · Sep 2020
56032-bedAED 3.8M · Nov 2025
56052-bedAED 2.7M · Mar 2024
56061-bedAED 1.63M · Aug 2015
56072-bedAED 2.1M · Mar 2016
56083-bedAED 4.12M · Apr 2022
1–7 of 11

5604, Golden Mile 05 in numbers

  • Sold 3 times: first on 21 May 2009 for AED 1,290,000, last on 9 June 2022 for AED 1,600,000 (AED 1,224 per sqft).
  • Rented since September 2016 on 5 Ejari contracts, from AED 130,000 to AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2022 price is 4.7%, before a service charge of about AED 20,200 a year (AED 15.49 per sqft).

Source: Dubai Land Department. Updated 9 June 2022.

Questions about 5604, Golden Mile 05

What did unit 5604 last sell for?

AED 1,600,000 on 9 June 2022: AED 1,224 per sqft for 1,307 sqft. The unit has 3 registered sales; the first was AED 1,290,000 in May 2009.

What is the rent for unit 5604?

AED 75,000 a year on the contract renewed on 31 January 2021. The previous contract, from January 2020, was AED 85,000; the unit has been rented since September 2016.

How big is unit 5604?

1,307 sqft (121.4 sqm): a one-bedroom apartment on the 6th floor of a 7-storey tower completed in 2009.

What is unit 5604 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 5604, Golden Mile 05

Starts from the last sale price (AED 1.6M, 9 June 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,600,000
Deposit, UAE resident (20%)
AED 320,000
Deposit, non-resident (40%)
AED 640,000
Monthly over 25 years at 3.7%
AED 6,546

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