2-bed · 1,799 sqftGolden Mile 07, Palm Jumeirah · 5th floor · completed 2009

7502, Golden Mile 07

Sold prices and rental history: sold once, by the developer in June 2009, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 7502 · DLD and Ejari recordsUpdated 15 January 2025
Last soldAED 1.8M15 June 2009
Current rentAED 132K /yr15 January 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 7502, Golden Mile 07

What is 7502 worth today?

Last sold for AED 1,800,000 in 2009

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15 Jan 2025RentedRenewal
AED 132,200/yr12 months · AED 74 per sqft
15 Jan 2025RentedRenewal
AED 132,200/yr12 months · AED 74 per sqft
15 Jan 2024RentedRenewal
AED 114,950/yr12 months · AED 64 per sqft
15 Jan 2023RentedRenewal
AED 104,500/yr12 months · AED 58 per sqft
15 Jan 2022RentedRenewal
AED 95,000/yr12 months · AED 53 per sqft
15 Jan 2021RentedNew contract
AED 90,000/yr12 months · AED 50 per sqft
22 Jun 2020RentedRenewal
AED 110,000/yr6 months · AED 61 per sqft
22 Jun 2019RentedRenewal
AED 115,000/yr12 months · AED 64 per sqft

Source: Dubai Land Department. Updated 15 January 2025.

Key facts

Type
2-bed apartment
Size
1,799 sqft
Floor
5th of 7
Parking
Building 7- B3-80
Developer
Souq Residences
Completed
2009
Service charge
AED 27,900 /yr
Last sold
AED 1.8M · June 2009

About 7502, Golden Mile 07

7502 is a two-bedroom apartment of 1,799 sqft on the 5th floor of Golden Mile 07, a 7-storey tower in Palm Jumeirah completed in 2009 by Souq Residences. The developer sold it on 15 June 2009 for AED 1,800,000, or AED 1,000 per sqft, in line with the AED 1,000 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 10 Ejari contracts. The current contract, renewed on 15 January 2025, is AED 132,200 a year: a gross yield of 7.3% on the 2009 price, before the service charge of about AED 27,900 a year.

Sales and rents for 7502 over time

Sales
Unit 7502, 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, June 2009: AED 1,800,000 (AED 1,000 per sqft)

7502 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 7502, 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, June 2017: AED 130,000 a yearRenewal, June 2018: AED 126,000 a yearRenewal, June 2019: AED 115,000 a yearRenewal, June 2020: AED 110,000 a yearNew contract, January 2021: AED 90,000 a yearRenewal, January 2022: AED 95,000 a yearRenewal, January 2023: AED 104,500 a yearRenewal, January 2024: AED 114,950 a yearRenewal, January 2025: AED 132,200 a yearRenewal, January 2025: AED 132,200 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 7502 sits

All 42 2-beds →

7502 last sold in June 2009 at AED 1,000 per sqft, in line with what two-beds in Golden Mile 07 were fetching at the time (AED 1,000). 7502's AED 132,200 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 5th floor

All 79 units in Golden Mile 07
Value
75011-bedAED 2.4M · May 2024
75032-bedAED 1.8M · Jun 2009
75041-bedAED 2.17M · Dec 2023
75052-bedAED 2.6M · Mar 2014
75061-bedAED 910K · Feb 2012
75072-bedAED 2M · May 2010
75083-bedAED 4.35M · Mar 2023
1–7 of 11

7502, Golden Mile 07 in numbers

  • Sold once: by Souq Residences on 15 June 2009 for AED 1,800,000, or AED 1,000 per sqft.
  • Rented since June 2017 on 10 Ejari contracts. The rent fell from AED 130,000 to AED 90,000 in 2021 and recovered to AED 132,200 by January 2025.
  • At AED 132,200 a year the gross yield on the 2009 price is 7.3%, before a service charge of about AED 27,900 a year (AED 15.49 per sqft).

Source: Dubai Land Department. Updated 15 January 2025.

Questions about 7502, Golden Mile 07

What did unit 7502 last sell for?

AED 1,800,000 on 15 June 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 7502?

AED 132,200 a year on the contract renewed on 15 January 2025. The previous contract, from January 2025, was AED 132,200; the unit has been rented since June 2017.

How big is unit 7502?

1,799 sqft (167.1 sqm): a two-bedroom apartment on the 5th floor of a 7-storey tower completed in 2009.

What is unit 7502 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 7502, Golden Mile 07

Starts from the last sale price (AED 1.8M, 15 June 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 →