2-bed · 2,096 sqftGolden Mile 07, Palm Jumeirah · 1st floor · completed 2009

7102, Golden Mile 07

Sold prices and rental history: sold 4 times, last in July 2023, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 7102 · DLD and Ejari recordsUpdated 10 July 2023
Last soldAED 2.28M10 July 2023
Current rentAED 130K /yr22 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 7102, Golden Mile 07

What is 7102 worth today?

Last sold for AED 2,275,000 in 2023

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10 Jul 2023SoldReady
AED 2,275,000AED 1,085 per sqft
22 Aug 2022RentedNew contract
AED 130,000/yr12 months · AED 62 per sqft
15 Oct 2021RentedRenewal
AED 97,750/yr12 months · AED 47 per sqft
15 Oct 2020RentedNew contract
AED 85,000/yr12 months · AED 40 per sqft
2 Jul 2020SoldReady
AED 1,450,000AED 691 per sqft
21 Jun 2019RentedNew contract
AED 125,000/yr12 months · AED 60 per sqft
27 Nov 2016Sold by developerOff-plan
AED 1,320,000AED 629 per sqft
27 Nov 2016SoldOff-plan
AED 1,700,000AED 811 per sqft

Source: Dubai Land Department. Updated 10 July 2023.

Key facts

Type
2-bed apartment
Size
2,096 sqft
Floor
1st of 7
Parking
Building 7-B3-24
Developer
Souq Residences
Completed
2009
Service charge
AED 32,500 /yr
Last sold
AED 2.28M · July 2023

About 7102, Golden Mile 07

7102 is a two-bedroom apartment of 2,096 sqft on the 1st floor of Golden Mile 07, a 7-storey tower in Palm Jumeirah completed in 2009 by Souq Residences. It last sold on 10 July 2023 for AED 2,275,000, or AED 1,085 per sqft, 11% below the AED 1,218 two-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 22 August 2022, is AED 130,000 a year: a gross yield of 5.7% on the 2023 price, before the service charge of about AED 32,500 a year.

Sales and rents for 7102 over time

Sales
Unit 7102, each saleTypical two-bed in Golden Mile 07
2M4M2009201420192024Typical sale price by year: 2009 AED 1,900,000; 2011 AED 1,352,500; 2012 AED 1,537,500; 2013 AED 1,825,000; 2016 AED 1,900,000; 2017 AED 1,175,000; 2020 AED 1,287,500; 2022 AED 1,375,500; 2023 AED 2,525,000; 2024 AED 3,275,000; 2025 AED 3,950,000Sold by developer, November 2016: AED 1,320,000 (AED 629 per sqft)Sold, November 2016: AED 1,700,000 (AED 811 per sqft)Sold, July 2020: AED 1,450,000 (AED 691 per sqft)Sold, July 2023: AED 2,275,000 (AED 1,085 per sqft)

7102 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 7102, each contractTypical two-bed in Golden Mile 07
100K200K2016201920222025Typical rent by year: 2016 AED 155,000; 2017 AED 147,500; 2018 AED 130,000; 2019 AED 120,000; 2020 AED 105,000; 2021 AED 104,500; 2022 AED 114,950; 2023 AED 131,553; 2024 AED 177,500; 2025 AED 210,000; 2026 AED 182,500New contract, June 2019: AED 125,000 a yearNew contract, October 2020: AED 85,000 a yearRenewal, October 2021: AED 97,750 a yearNew contract, August 2022: AED 130,000 a year

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 07, and where 7102 sits

All 42 2-beds →

7102 last sold in July 2023 at AED 1,085 per sqft, 11% below what two-beds in Golden Mile 07 were fetching at the time (AED 1,218). 7102's AED 130,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
3 Sep 20254,990,000
13 Feb 20252,950,000
19 Jan 20253,950,000
23 Aug 20243,350,000
0 2-bed sales in the last 12 months

Golden Mile 07

Building

79 apartments, 1-bed to 4-bed over 7 floors in Palm Jumeirah, completed in 2009 by Souq Residences. 1 sold in the last 12 months.

Typical price per sqft
AED 1,762
Typical sale
AED 17.5M
Typical rent
AED 170K /yr
Typical yield
5.2%
Golden Mile 07, Palm Jumeirah: prices, sales and rents →

Other units on the 1st floor

All 79 units in Golden Mile 07
Value
71011-bedAED 1.39M · May 2009
71032-bedAED 1.62M · May 2009
71041-bedAED 1.32M · May 2009
71052-bedAED 2.18M · Apr 2023
71061-bedAED 1.63M · May 2023
71072-bedAED 1.7M · May 2009
71083-bedAED 3.85M · Oct 2021
1–7 of 11

7102, Golden Mile 07 in numbers

  • Sold 4 times: first on 27 November 2016 for AED 1,700,000, last on 10 July 2023 for AED 2,275,000 (AED 1,085 per sqft).
  • Rented since June 2019 on 4 Ejari contracts. The rent fell from AED 125,000 to AED 85,000 in 2020 and recovered to AED 130,000 by August 2022.
  • At AED 130,000 a year the gross yield on the 2023 price is 5.7%, before a service charge of about AED 32,500 a year (AED 15.49 per sqft).

Source: Dubai Land Department. Updated 10 July 2023.

Questions about 7102, Golden Mile 07

What did unit 7102 last sell for?

AED 2,275,000 on 10 July 2023: AED 1,085 per sqft for 2,096 sqft. The unit has 4 registered sales; the first was AED 1,700,000 in November 2016.

What is the rent for unit 7102?

AED 130,000 a year on the contract signed on 22 August 2022. The previous contract, from October 2021, was AED 97,750; the unit has been rented since June 2019.

How big is unit 7102?

2,096 sqft (194.7 sqm): a two-bedroom apartment on the 1st floor of a 7-storey tower completed in 2009.

What is unit 7102 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 7102, Golden Mile 07

Starts from the last sale price (AED 2.28M, 10 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,275,000
Deposit, UAE resident (20%)
AED 455,000
Deposit, non-resident (40%)
AED 910,000
Monthly over 25 years at 3.7%
AED 9,308

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