5705, Golden Mile 05
Sold prices and rental history: sold twice, last in January 2021, 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 5705, Golden Mile 05
What is 5705 worth today?
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Source: Dubai Land Department. Updated 10 January 2021.
Key facts
- Type
- Penthouse apartment
- Size
- 3,946 sqft
- Floor
- 7th of 7
- Parking
- Building 5-B3-88,89
- Developer
- Souq Residences
- Completed
- 2009
- Service charge
- AED 61,100 /yr
- Last sold
- AED 2.8M · January 2021
- Building
- Golden Mile 05
About 5705, Golden Mile 05
5705 is a penthouse of 3,946 sqft on the 7th floor of Golden Mile 05, a 7-storey tower in Palm Jumeirah completed in 2009 by Souq Residences. It last sold on 10 January 2021 for AED 2,800,000, or AED 709 per sqft.
It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, renewed on 8 September 2019, is AED 195,000 a year: a gross yield of 7.0% on the 2021 price, before the service charge of about AED 61,100 a year.
Sales and rents for 5705 over time
Annual rent on each registered contract; the dashed line is the penthouse median of each year in the building.
Penthouses in Golden Mile 05, and where 5705 sits
All 7 penthouses →5705's AED 195,000 is at the bottom of that range.
| Recent penthouse sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 24 Jan 202524 January 2025 | 4,677 sqft | 9,700,000 | 2,074 | ||
| 27 Nov 202327 November 2023 | 4,677 sqft | 5,400,000 | 1,154 | ||
| 24 Jun 202124 June 2021 | 5,111 sqft | 3,725,000 | 728 | ||
| 1 Mar 20181 March 2018 | 10,222 sqft | 7,065,000 | 691 |
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 7th floor
All 83 units in Golden Mile 05| ValueToday's value | |||||
|---|---|---|---|---|---|
| 5701 | Penthouse | 4,882 sqft | AED 5.3MAED 5,300,000 · Jul 2014July 2014 | ||
| 5702 | Penthouse | 4,369 sqft | AED 3.1MAED 3,100,000 · Mar 2015March 2015 | 490,000 /yr | |
| 5703 | Penthouse | 4,677 sqft | AED 9.7MAED 9,700,000 · Jan 2025January 2025 | 227,000 /yr | |
| 5704 | Penthouse | 10,222 sqft | AED 7.07MAED 7,065,000 · Mar 2018March 2018 | 1,400,000 /yr | |
| 5706 | Penthouse | 4,442 sqft | AED 5.04MAED 5,035,000 · Jan 2018January 2018 | 475,000 /yr | |
| 5707 | Penthouse | 5,111 sqft | AED 3.73MAED 3,725,000 · Jun 2021June 2021 | 175,000 /yr |
5705, Golden Mile 05 in numbers
- Sold twice: first on 28 May 2009 for AED 3,876,651, last on 10 January 2021 for AED 2,800,000 (AED 709 per sqft).
- Rented since September 2014 on 6 Ejari contracts, from AED 250,000 to AED 195,000 a year.
- At AED 195,000 a year the gross yield on the 2021 price is 7.0%, before a service charge of about AED 61,100 a year (AED 15.49 per sqft).
Source: Dubai Land Department. Updated 10 January 2021.
Questions about 5705, Golden Mile 05
What did unit 5705 last sell for?
AED 2,800,000 on 10 January 2021: AED 709 per sqft for 3,946 sqft. The unit has 2 registered sales; the first was AED 3,876,651 in May 2009.
What is the rent for unit 5705?
AED 195,000 a year on the contract renewed on 8 September 2019. The previous contract, from September 2018, was AED 205,000; the unit has been rented since September 2014.
How big is unit 5705?
3,946 sqft (366.6 sqm): a penthouse on the 7th floor of a 7-storey tower completed in 2009.
What is unit 5705 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 5705, Golden Mile 05
Starts from the last sale price (AED 2.8M, 10 January 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 2,800,000
- Deposit, UAE resident (20%)
- AED 560,000
- Deposit, non-resident (40%)
- AED 1,120,000
- Monthly over 25 years at 3.7%
- AED 11,456
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →