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2-bed · 1,979 sqftGolden Mile 07, Palm Jumeirah · 1st floor · completed 2009

7107, Golden Mile 07

Sold prices and rental history: sold once, by the developer in May 2009, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 7107 · DLD and Ejari recordsUpdated 14 October 2018
Last soldAED 1.7M21 May 2009
Current rentAED 120K /yr14 October 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 7107, Golden Mile 07

What is 7107 worth today?

Last sold for AED 1,700,000 in 2009

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14 Oct 2018RentedNew contract
AED 120,000/yr12 months · AED 61 per sqft
14 Oct 2017RentedNew contract
AED 125,000/yr12 months · AED 63 per sqft
15 Sep 2016RentedNew contract
AED 140,000/yr12 months · AED 71 per sqft
21 May 2009Sold by developerOff-plan
AED 1,700,000AED 859 per sqft

Source: Dubai Land Department. Updated 14 October 2018.

Key facts

Type
2-bed apartment
Size
1,979 sqft
Floor
1st of 7
Parking
Building 7- B3-18
Developer
Souq Residences
Completed
2009
Service charge
AED 30,600 /yr
Last sold
AED 1.7M · May 2009
Building
Golden Mile 07

About 7107, Golden Mile 07

7107 is a two-bedroom apartment of 1,979 sqft on the 1st floor of Golden Mile 07, a 7-storey tower in Palm Jumeirah completed in 2009 by Souq Residences. The developer sold it on 21 May 2009 for AED 1,700,000, or AED 859 per sqft, 14% below the AED 998 two-beds in the building were fetching at the time.

It has been rented since 2016 on 3 Ejari contracts. The current contract, signed on 14 October 2018, is AED 120,000 a year: a gross yield of 7.1% on the 2009 price, before the service charge of about AED 30,600 a year.

Sales and rents for 7107 over time

Sales
Unit 7107, 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, May 2009: AED 1,700,000 (AED 859 per sqft)

7107 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 7107, each contractTypical two-bed in Golden Mile 07
100K150K200K2016201920222025Typical 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, September 2016: AED 140,000 a yearNew contract, October 2017: AED 125,000 a yearNew contract, October 2018: AED 120,000 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 7107 sits

All 42 2-beds →

7107 last sold in May 2009 at AED 859 per sqft, 14% below what two-beds in Golden Mile 07 were fetching at the time (AED 998). 7107's AED 120,000 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
71022-bedAED 2.28M · Jul 2023
71032-bedAED 1.62M · May 2009
71041-bedAED 1.32M · May 2009
71052-bedAED 2.18M · Apr 2023
71061-bedAED 1.63M · May 2023
71083-bedAED 3.85M · Oct 2021
1–7 of 11

7107, Golden Mile 07 in numbers

  • Sold once: by Souq Residences on 21 May 2009 for AED 1,700,000, or AED 859 per sqft.
  • Rented since September 2016 on 3 Ejari contracts, from AED 140,000 to AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2009 price is 7.1%, before a service charge of about AED 30,600 a year (AED 15.49 per sqft).

Source: Dubai Land Department. Updated 14 October 2018.

Questions about 7107, Golden Mile 07

What did unit 7107 last sell for?

AED 1,700,000 on 21 May 2009, sold by the developer: AED 859 per sqft for 1,979 sqft. It is the only registered sale of the unit.

What is the rent for unit 7107?

AED 120,000 a year on the contract signed on 14 October 2018. The previous contract, from October 2017, was AED 125,000; the unit has been rented since September 2016.

How big is unit 7107?

1,979 sqft (183.9 sqm): a two-bedroom apartment on the 1st floor of a 7-storey tower completed in 2009.

What is unit 7107 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 7107, Golden Mile 07

Starts from the last sale price (AED 1.7M, 21 May 2009). Switch to today's estimate once you have unlocked it.
Price
AED 1,700,000
Deposit, UAE resident (20%)
AED 340,000
Deposit, non-resident (40%)
AED 680,000
Monthly over 25 years at 3.7%
AED 6,955

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