7501, Golden Mile 07
Sold prices and rental history: sold 3 times, last in May 2024, 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 7501, Golden Mile 07
What is 7501 worth today?
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Source: Dubai Land Department. Updated 27 May 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 1,305 sqft
- Floor
- 5th of 7
- Parking
- Building 7-B3-07
- Developer
- Souq Residences
- Completed
- 2009
- Service charge
- AED 20,200 /yr
- Last sold
- AED 2.4M · May 2024
- Building
- Golden Mile 07
About 7501, Golden Mile 07
7501 is a one-bedroom apartment of 1,305 sqft on the 5th floor of Golden Mile 07, a 7-storey tower in Palm Jumeirah completed in 2009 by Souq Residences. It last sold on 27 May 2024 for AED 2,400,000, or AED 1,839 per sqft, 11% above the AED 1,660 one-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, signed on 8 June 2023, is AED 105,000 a year: a gross yield of 4.4% on the 2024 price, before the service charge of about AED 20,200 a year.
Sales and rents for 7501 over time
7501 has sold 3 times; the dashed line is the one-bed median of each year in the building.
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 7501 sits
All 18 1-beds →7501 last sold in May 2024 at AED 1,839 per sqft, 11% above what one-beds in Golden Mile 07 were fetching at the time (AED 1,660). 7501's AED 105,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 11 Dec 202311 December 2023 | 1,307 sqft | 2,170,000 | 1,660 | ||
| 31 May 202331 May 2023 | 1,342 sqft | 1,625,000 | 1,211 | ||
| 29 Aug 202229 August 2022 | 1,307 sqft | 1,530,000 | 1,170 | ||
| 29 Mar 202229 March 2022 | 1,307 sqft | 1,500,000 | 1,147 |
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 5th floor
All 79 units in Golden Mile 07| ValueToday's value | |||||
|---|---|---|---|---|---|
| 7502 | 2-bed | 1,799 sqft | AED 1.8MAED 1,800,000 · Jun 2009June 2009 | 132,200 /yr | |
| 7503 | 2-bed | 1,800 sqft | AED 1.8MAED 1,800,000 · Jun 2009June 2009 | 170,000 /yr | |
| 7504 | 1-bed | 1,307 sqft | AED 2.17MAED 2,170,000 · Dec 2023December 2023 | 140,000 /yr | |
| 7505 | 2-bed | 1,807 sqft | AED 2.6MAED 2,600,000 · Mar 2014March 2014 | ||
| 7506 | 1-bed | 1,290 sqft | AED 910KAED 910,000 · Feb 2012February 2012 | 150,000 /yr | |
| 7507 | 2-bed | 1,888 sqft | AED 2MAED 2,000,000 · May 2010May 2010 | 104,500 /yr | |
| 7508 | 3-bed | 3,328 sqft | AED 4.35MAED 4,350,000 · Mar 2023March 2023 | 197,260 /yr | |
| 7509 | 2-bed | 1,788 sqft | AED 2.61MAED 2,605,000 · Jan 2023January 2023 | 220,000 /yr | |
| 7510 | 2-bed | 1,794 sqft | AED 1.2MAED 1,200,000 · Nov 2020November 2020 | 180,000 /yr | |
| 7511 | 2-bed | 1,794 sqft | AED 3.2MAED 3,200,000 · May 2024May 2024 | 140,000 /yr | |
| 7512 | 3-bed | 2,414 sqft | AED 3.6MAED 3,600,000 · May 2023May 2023 | 165,000 /yr |
7501, Golden Mile 07 in numbers
- Sold 3 times: first on 18 April 2012 for AED 745,000, last on 27 May 2024 for AED 2,400,000 (AED 1,839 per sqft).
- Rented since November 2017 on 7 Ejari contracts. The rent fell from AED 120,000 to AED 75,000 in 2021 and recovered to AED 105,000 by June 2023.
- At AED 105,000 a year the gross yield on the 2024 price is 4.4%, before a service charge of about AED 20,200 a year (AED 15.49 per sqft).
Source: Dubai Land Department. Updated 27 May 2024.
Questions about 7501, Golden Mile 07
What did unit 7501 last sell for?
AED 2,400,000 on 27 May 2024: AED 1,839 per sqft for 1,305 sqft. The unit has 3 registered sales; the first was AED 745,000 in April 2012.
What is the rent for unit 7501?
AED 105,000 a year on the contract signed on 8 June 2023. The previous contract, from May 2022, was AED 105,000; the unit has been rented since November 2017.
How big is unit 7501?
1,305 sqft (121.2 sqm): a one-bedroom apartment on the 5th floor of a 7-storey tower completed in 2009.
What is unit 7501 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 7501, Golden Mile 07
Starts from the last sale price (AED 2.4M, 27 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,400,000
- Deposit, UAE resident (20%)
- AED 480,000
- Deposit, non-resident (40%)
- AED 960,000
- Monthly over 25 years at 3.7%
- AED 9,819
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →