7402, Golden Mile 07
Sold prices and rental history: sold once, by the developer in May 2009, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 7402, Golden Mile 07
What is 7402 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 9 November 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,799 sqft
- Floor
- 4th of 7
- Parking
- Building 7- B3-59
- Developer
- Souq Residences
- Completed
- 2009
- Service charge
- AED 27,900 /yr
- Last sold
- AED 1.8M · May 2009
- Building
- Golden Mile 07
About 7402, Golden Mile 07
7402 is a two-bedroom apartment of 1,799 sqft on the 4th 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 1,800,000, or AED 1,000 per sqft, in line with the AED 998 two-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, renewed on 9 November 2023, is AED 125,000 a year: a gross yield of 6.9% on the 2009 price, before the service charge of about AED 27,900 a year.
Sales and rents for 7402 over time
7402 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 7402 sits
All 42 2-beds →7402 last sold in May 2009 at AED 1,000 per sqft, in line with what two-beds in Golden Mile 07 were fetching at the time (AED 998). 7402's AED 125,000 is at the bottom 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 4th floor
All 79 units in Golden Mile 07| ValueToday's value | |||||
|---|---|---|---|---|---|
| 7401 | 1-bed | 1,305 sqft | AED 1.78MAED 1,780,000 · Mar 2015March 2015 | 125,000 /yr | |
| 7403 | 2-bed | 1,800 sqft | AED 1.84MAED 1,835,000 · Feb 2022February 2022 | 96,057 /yr | |
| 7404 | 1-bed | 1,307 sqft | AED 1.1MAED 1,100,000 · Dec 2011December 2011 | 145,000 /yr | |
| 7405 | 2-bed | 1,807 sqft | AED 912KAED 911,500 · Mar 2017March 2017 | 220,000 /yr | |
| 7406 | 1-bed | 1,290 sqft | AED 1.6MAED 1,600,000 · Jan 2022January 2022 | 74,429 /yr | |
| 7407 | 2-bed | 1,888 sqft | AED 1.85MAED 1,850,000 · Jul 2018July 2018 | 170,000 /yr | |
| 7408 | 3-bed | 3,328 sqft | AED 2.38MAED 2,380,000 · Nov 2020November 2020 | 120,000 /yr | |
| 7409 | 2-bed | 1,788 sqft | AED 3.35MAED 3,350,000 · Aug 2024August 2024 | 280,000 /yr | |
| 7410 | 2-bed | 1,794 sqft | AED 1.9MAED 1,900,000 · Jun 2021June 2021 | 190,000 /yr | |
| 7411 | 2-bed | 1,794 sqft | AED 2.15MAED 2,150,000 · Jan 2022January 2022 | 105,000 /yr | |
| 7412 | 3-bed | 2,414 sqft | AED 3.75MAED 3,750,000 · May 2023May 2023 | 250,000 /yr |
7402, Golden Mile 07 in numbers
- Sold once: by Souq Residences on 21 May 2009 for AED 1,800,000, or AED 1,000 per sqft.
- Rented since November 2017 on 7 Ejari contracts. The rent fell from AED 135,000 to AED 100,000 in 2020 and recovered to AED 125,000 by November 2023.
- At AED 125,000 a year the gross yield on the 2009 price is 6.9%, before a service charge of about AED 27,900 a year (AED 15.49 per sqft).
Source: Dubai Land Department. Updated 9 November 2023.
Questions about 7402, Golden Mile 07
What did unit 7402 last sell for?
AED 1,800,000 on 21 May 2009, sold by the developer: AED 1,000 per sqft for 1,799 sqft. It is the only registered sale of the unit.
What is the rent for unit 7402?
AED 125,000 a year on the contract renewed on 9 November 2023. The previous contract, from November 2022, was AED 113,000; the unit has been rented since November 2017.
How big is unit 7402?
1,799 sqft (167.1 sqm): a two-bedroom apartment on the 4th floor of a 7-storey tower completed in 2009.
What is unit 7402 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
Selling 7402? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 7402, Golden Mile 07
Starts from the last sale price (AED 1.8M, 21 May 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 1,800,000
- Deposit, UAE resident (20%)
- AED 360,000
- Deposit, non-resident (40%)
- AED 720,000
- Monthly over 25 years at 3.7%
- AED 7,364
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →