7205, Golden Mile 07
Sold prices and rental history: sold once, by the developer in May 2009, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 7205, Golden Mile 07
What is 7205 worth today?
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Source: Dubai Land Department. Updated 6 October 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,807 sqft
- Floor
- 2nd of 7
- Parking
- Building 7-B3-37
- Developer
- Souq Residences
- Completed
- 2009
- Service charge
- AED 28,000 /yr
- Last sold
- AED 1.6M · May 2009
- Building
- Golden Mile 07
About 7205, Golden Mile 07
7205 is a two-bedroom apartment of 1,807 sqft on the 2nd 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 1,600,000, or AED 885 per sqft, 11% below the AED 998 two-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 9 Ejari contracts. The current contract, renewed on 6 October 2024, is AED 175,000 a year: a gross yield of 10.9% on the 2009 price, before the service charge of about AED 28,000 a year.
Sales and rents for 7205 over time
7205 has sold once; the dashed line is the two-bed median of each year in the building.
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 7205 sits
All 42 2-beds →7205 last sold in May 2009 at AED 885 per sqft, 11% below what two-beds in Golden Mile 07 were fetching at the time (AED 998). 7205's AED 175,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Sep 20253 September 2025 | 2,604 sqft | 4,990,000 | 1,916 | ||
| 13 Feb 202513 February 2025 | 1,888 sqft | 2,950,000 | 1,562 | ||
| 19 Jan 202519 January 2025 | 2,604 sqft | 3,950,000 | 1,516 | ||
| 23 Aug 202423 August 2024 | 1,788 sqft | 3,350,000 | 1,873 |
Golden Mile 07
Building79 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%
Other units on the 2nd floor
All 79 units in Golden Mile 07| ValueToday's value | |||||
|---|---|---|---|---|---|
| 7201 | 1-bed | 1,305 sqft | AED 1.5MAED 1,500,000 · Oct 2013October 2013 | 95,000 /yr | |
| 7202 | 2-bed | 1,799 sqft | AED 2.35MAED 2,350,000 · Jan 2017January 2017 | 150,000 /yr | |
| 7203 | 2-bed | 901 sqft | AED 1.65MAED 1,650,000 · May 2009May 2009 | 167,295 /yr | |
| 7204 | 1-bed | 1,307 sqft | AED 1.53MAED 1,530,000 · Aug 2022August 2022 | 93,636 /yr | |
| 7206 | 1-bed | 1,290 sqft | AED 1.37MAED 1,370,000 · May 2009May 2009 | 140,000 /yr | |
| 7207 | 2-bed | 1,888 sqft | AED 1.23MAED 1,230,000 · May 2011May 2011 | 129,996 /yr | |
| 7208 | 3-bed | 3,327 sqft | AED 2.8MAED 2,800,000 · Oct 2013October 2013 | 300,000 /yr | |
| 7209 | 2-bed | 1,788 sqft | AED 2.6MAED 2,600,000 · May 2023May 2023 | 215,000 /yr | |
| 7210 | 2-bed | 1,794 sqft | AED 1.9MAED 1,900,000 · Jul 2013July 2013 | 175,000 /yr | |
| 7211 | 2-bed | 1,794 sqft | AED 2.1MAED 2,100,000 · May 2016May 2016 | 119,957 /yr | |
| 7212 | 3-bed | 2,414 sqft | AED 4MAED 4,000,000 · Dec 2023December 2023 | 167,109 /yr |
7205, Golden Mile 07 in numbers
- Sold once: by Souq Residences on 21 May 2009 for AED 1,600,000, or AED 885 per sqft.
- Rented since December 2016 on 9 Ejari contracts. The rent fell from AED 140,000 to AED 89,759 in 2021 and recovered to AED 175,000 by October 2024.
- At AED 175,000 a year the gross yield on the 2009 price is 10.9%, before a service charge of about AED 28,000 a year (AED 15.49 per sqft).
Source: Dubai Land Department. Updated 6 October 2024.
Questions about 7205, Golden Mile 07
What did unit 7205 last sell for?
AED 1,600,000 on 21 May 2009, sold by the developer: AED 885 per sqft for 1,807 sqft. It is the only registered sale of the unit.
What is the rent for unit 7205?
AED 175,000 a year on the contract renewed on 6 October 2024. The previous contract, from October 2023, was AED 110,000; the unit has been rented since December 2016.
How big is unit 7205?
1,807 sqft (167.9 sqm): a two-bedroom apartment on the 2nd floor of a 7-storey tower completed in 2009.
What is unit 7205 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 7205, Golden Mile 07
Starts from the last sale price (AED 1.6M, 21 May 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 1,600,000
- Deposit, UAE resident (20%)
- AED 320,000
- Deposit, non-resident (40%)
- AED 640,000
- Monthly over 25 years at 3.7%
- AED 6,546
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →