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1-bed · 1,307 sqftGolden Mile 07, Palm Jumeirah · 2nd floor · completed 2009

7204, Golden Mile 07

Sold prices and rental history: sold 5 times, last in August 2022, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 7204 · DLD and Ejari recordsUpdated 14 March 2023
Last soldAED 1.53M29 August 2022
Current rentAED 94K /yr14 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 7204, Golden Mile 07

What is 7204 worth today?

Last sold for AED 1,530,000 in 2022

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14 Mar 2023RentedRenewal
AED 93,636/yr7 months · AED 72 per sqft
29 Aug 2022SoldReady
AED 1,530,000AED 1,170 per sqft
14 Mar 2022RentedRenewal
AED 85,000/yr12 months · AED 65 per sqft
14 Mar 2021RentedNew contract
AED 85,000/yr12 months · AED 65 per sqft
16 Jun 2016SoldOff-plan
AED 1,635,000AED 1,251 per sqft
12 Sep 2013SoldOff-plan
AED 1,500,000AED 1,147 per sqft
8 May 2012SoldOff-plan
AED 1,100,000AED 841 per sqft
21 May 2009Sold by developerOff-plan
AED 1,340,000AED 1,025 per sqft

Source: Dubai Land Department. Updated 14 March 2023.

Key facts

Type
1-bed apartment
Size
1,307 sqft
Floor
2nd of 7
Parking
Building 7- B3-5
Developer
Souq Residences
Completed
2009
Service charge
AED 20,200 /yr
Last sold
AED 1.53M · August 2022
Building
Golden Mile 07

About 7204, Golden Mile 07

7204 is a one-bedroom apartment of 1,307 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 29 August 2022 for AED 1,530,000, or AED 1,170 per sqft, in line with the AED 1,170 one-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 14 March 2023, is AED 93,636 a year: a gross yield of 6.1% on the 2022 price, before the service charge of about AED 20,200 a year.

Sales and rents for 7204 over time

Sales
Unit 7204, 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, May 2009: AED 1,340,000 (AED 1,025 per sqft)Sold, May 2012: AED 1,100,000 (AED 841 per sqft)Sold, September 2013: AED 1,500,000 (AED 1,147 per sqft)Sold, June 2016: AED 1,635,000 (AED 1,251 per sqft)Sold, August 2022: AED 1,530,000 (AED 1,170 per sqft)

7204 has sold 5 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 7204, 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 120,000New contract, March 2021: AED 85,000 a yearRenewal, March 2022: AED 85,000 a yearRenewal, March 2023: AED 93,636 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 7204 sits

All 18 1-beds →

7204 last sold in August 2022 at AED 1,170 per sqft, in line with what one-beds in Golden Mile 07 were fetching at the time (AED 1,170). 7204's AED 93,636 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 Mar 20221,500,000
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
72011-bedAED 1.5M · Oct 2013
72022-bedAED 2.35M · Jan 2017
72032-bedAED 1.65M · May 2009
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

7204, Golden Mile 07 in numbers

  • Sold 5 times: first on 21 May 2009 for AED 1,340,000, last on 29 August 2022 for AED 1,530,000 (AED 1,170 per sqft).
  • Rented since March 2021 on 3 Ejari contracts, from AED 85,000 to AED 93,636 a year.
  • At AED 93,636 a year the gross yield on the 2022 price is 6.1%, before a service charge of about AED 20,200 a year (AED 15.49 per sqft).

Source: Dubai Land Department. Updated 14 March 2023.

Questions about 7204, Golden Mile 07

What did unit 7204 last sell for?

AED 1,530,000 on 29 August 2022: AED 1,170 per sqft for 1,307 sqft. The unit has 5 registered sales; the first was AED 1,340,000 in May 2009.

What is the rent for unit 7204?

AED 93,636 a year on the contract renewed on 14 March 2023. The previous contract, from March 2022, was AED 85,000; the unit has been rented since March 2021.

How big is unit 7204?

1,307 sqft (121.4 sqm): a one-bedroom apartment on the 2nd floor of a 7-storey tower completed in 2009.

What is unit 7204 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 7204, Golden Mile 07

Starts from the last sale price (AED 1.53M, 29 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,530,000
Deposit, UAE resident (20%)
AED 306,000
Deposit, non-resident (40%)
AED 612,000
Monthly over 25 years at 3.7%
AED 6,260

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