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2-bed · 1,800 sqftGolden Mile 07, Palm Jumeirah · 4th floor · completed 2009

7403, Golden Mile 07

Sold prices and rental history: sold twice, last in February 2022, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 7403 · DLD and Ejari recordsUpdated 22 May 2022
Last soldAED 1.84M3 February 2022
Current rentAED 96K /yr22 May 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 7403, Golden Mile 07

What is 7403 worth today?

Last sold for AED 1,835,000 in 2022

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22 May 2022RentedNew contract
AED 96,057/yr10 months · AED 53 per sqft
3 Feb 2022SoldReady
AED 1,835,000AED 1,019 per sqft
17 Aug 2021RentedRenewal
AED 96,000/yr12 months · AED 53 per sqft
17 Aug 2020RentedNew contract
AED 88,000/yr12 months · AED 49 per sqft
1 May 2019RentedRenewal
AED 130,000/yr12 months · AED 72 per sqft
1 May 2018RentedRenewal
AED 135,000/yr12 months · AED 75 per sqft
1 May 2017RentedNew contract
AED 135,000/yr12 months · AED 75 per sqft
19 Apr 2011Sold by developerOff-plan
AED 1,400,000AED 777 per sqft

Source: Dubai Land Department. Updated 22 May 2022.

Key facts

Type
2-bed apartment
Size
1,800 sqft
Floor
4th of 7
Parking
Building 7- B3-82
Developer
Souq Residences
Completed
2009
Service charge
AED 27,900 /yr
Last sold
AED 1.84M · February 2022
Building
Golden Mile 07

About 7403, Golden Mile 07

7403 is a two-bedroom apartment of 1,800 sqft on the 4th floor of Golden Mile 07, a 7-storey tower in Palm Jumeirah completed in 2009 by Souq Residences. It last sold on 3 February 2022 for AED 1,835,000, or AED 1,019 per sqft, in line with the AED 1,039 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, signed on 22 May 2022, is AED 96,057 a year: a gross yield of 5.2% on the 2022 price, before the service charge of about AED 27,900 a year.

Sales and rents for 7403 over time

Sales
Unit 7403, 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, April 2011: AED 1,400,000 (AED 777 per sqft)Sold, February 2022: AED 1,835,000 (AED 1,019 per sqft)

7403 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 7403, each contractTypical two-bed in Golden Mile 07
100K200K2016201920222025Typical 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, May 2017: AED 135,000 a yearRenewal, May 2018: AED 135,000 a yearRenewal, May 2019: AED 130,000 a yearNew contract, August 2020: AED 88,000 a yearRenewal, August 2021: AED 96,000 a yearNew contract, May 2022: AED 96,057 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 7403 sits

All 42 2-beds →

7403 last sold in February 2022 at AED 1,019 per sqft, in line with what two-beds in Golden Mile 07 were fetching at the time (AED 1,039). 7403's AED 96,057 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 4th floor

All 79 units in Golden Mile 07
Value
74011-bedAED 1.78M · Mar 2015
74022-bedAED 1.8M · May 2009
74041-bedAED 1.1M · Dec 2011
74052-bedAED 912K · Mar 2017
74061-bedAED 1.6M · Jan 2022
74072-bedAED 1.85M · Jul 2018
74083-bedAED 2.38M · Nov 2020
1–7 of 11

7403, Golden Mile 07 in numbers

  • Sold twice: first on 19 April 2011 for AED 1,400,000, last on 3 February 2022 for AED 1,835,000 (AED 1,019 per sqft).
  • Rented since May 2017 on 6 Ejari contracts, from AED 135,000 to AED 96,057 a year.
  • At AED 96,057 a year the gross yield on the 2022 price is 5.2%, before a service charge of about AED 27,900 a year (AED 15.49 per sqft).

Source: Dubai Land Department. Updated 22 May 2022.

Questions about 7403, Golden Mile 07

What did unit 7403 last sell for?

AED 1,835,000 on 3 February 2022: AED 1,019 per sqft for 1,800 sqft. The unit has 2 registered sales; the first was AED 1,400,000 in April 2011.

What is the rent for unit 7403?

AED 96,057 a year on the contract signed on 22 May 2022. The previous contract, from August 2021, was AED 96,000; the unit has been rented since May 2017.

How big is unit 7403?

1,800 sqft (167.2 sqm): a two-bedroom apartment on the 4th floor of a 7-storey tower completed in 2009.

What is unit 7403 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 7403, Golden Mile 07

Starts from the last sale price (AED 1.84M, 3 February 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,835,000
Deposit, UAE resident (20%)
AED 367,000
Deposit, non-resident (40%)
AED 734,000
Monthly over 25 years at 3.7%
AED 7,508

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