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1-bed · 1,305 sqftGolden Mile 07, Palm Jumeirah · 2nd floor · completed 2009

7201, Golden Mile 07

Sold prices and rental history: sold twice, last in October 2013, and rented once, from January 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 7201 · DLD and Ejari recordsUpdated 1 January 2019
Last soldAED 1.5M24 October 2013
Current rentAED 95K /yr1 January 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 7201, Golden Mile 07

What is 7201 worth today?

Last sold for AED 1,500,000 in 2013

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1 Jan 2019RentedRenewal
AED 95,000/yr6 months · AED 73 per sqft
24 Oct 2013SoldOff-plan
AED 1,500,000AED 1,149 per sqft
18 Apr 2012Sold by developerOff-plan
AED 670,000AED 513 per sqft

Source: Dubai Land Department. Updated 1 January 2019.

Key facts

Type
1-bed apartment
Size
1,305 sqft
Floor
2nd of 7
Parking
Building 7- B3-10
Developer
Souq Residences
Completed
2009
Service charge
AED 20,200 /yr
Last sold
AED 1.5M · October 2013
Building
Golden Mile 07

About 7201, Golden Mile 07

7201 is a one-bedroom apartment of 1,305 sqft on the 2nd floor of Golden Mile 07, a 7-storey tower in Palm Jumeirah completed in 2009 by Souq Residences. It last sold on 24 October 2013 for AED 1,500,000, or AED 1,149 per sqft, in line with the AED 1,147 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 January 2019. The current contract, renewed on 1 January 2019, is AED 95,000 a year: a gross yield of 6.3% on the 2013 price, before the service charge of about AED 20,200 a year.

Sales and rents for 7201 over time

Sales
Unit 7201, each saleTypical one-bed in Golden Mile 07
1M1.5M2009201320172021Typical sale price by year: 2009 AED 1,390,000; 2011 AED 1,100,000; 2012 AED 827,500; 2013 AED 1,500,000; 2022 AED 1,530,000Sold by developer, April 2012: AED 670,000 (AED 513 per sqft)Sold, October 2013: AED 1,500,000 (AED 1,149 per sqft)

7201 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 7201, each contractTypical one-bed in Golden Mile 07
100K150K2016201920222025Typical rent by year: 2016 AED 120,000; 2017 AED 120,000; 2018 AED 100,000; 2019 AED 90,000; 2020 AED 74,500; 2021 AED 74,000; 2022 AED 85,000; 2023 AED 101,500; 2024 AED 130,000; 2025 AED 140,000; 2026 AED 120,000Renewal, January 2019: AED 95,000 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 07, and where 7201 sits

All 18 1-beds →

7201 last sold in October 2013 at AED 1,149 per sqft, in line with what one-beds in Golden Mile 07 were fetching at the time (AED 1,147). 7201's AED 95,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
27 May 20242,400,000
11 Dec 20232,170,000
31 May 20231,625,000
29 Aug 20221,530,000
0 1-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 2nd floor

All 79 units in Golden Mile 07
Value
72022-bedAED 2.35M · Jan 2017
72032-bedAED 1.65M · May 2009
72041-bedAED 1.53M · Aug 2022
72052-bedAED 1.6M · May 2009
72061-bedAED 1.37M · May 2009
72072-bedAED 1.23M · May 2011
72083-bedAED 2.8M · Oct 2013
1–7 of 11

7201, Golden Mile 07 in numbers

  • Sold twice: first on 18 April 2012 for AED 670,000, last on 24 October 2013 for AED 1,500,000 (AED 1,149 per sqft).
  • Rented since January 2019 on one Ejari contract, at AED 95,000 a year.
  • At AED 95,000 a year the gross yield on the 2013 price is 6.3%, before a service charge of about AED 20,200 a year (AED 15.49 per sqft).

Source: Dubai Land Department. Updated 1 January 2019.

Questions about 7201, Golden Mile 07

What did unit 7201 last sell for?

AED 1,500,000 on 24 October 2013: AED 1,149 per sqft for 1,305 sqft. The unit has 2 registered sales; the first was AED 670,000 in April 2012.

What is the rent for unit 7201?

AED 95,000 a year on the contract renewed on 1 January 2019.

How big is unit 7201?

1,305 sqft (121.2 sqm): a one-bedroom apartment on the 2nd floor of a 7-storey tower completed in 2009.

What is unit 7201 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 7201, Golden Mile 07

Starts from the last sale price (AED 1.5M, 24 October 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,500,000
Deposit, UAE resident (20%)
AED 300,000
Deposit, non-resident (40%)
AED 600,000
Monthly over 25 years at 3.7%
AED 6,137

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