7503, 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.
Property timeline for 7503, Golden Mile 07
What is 7503 worth today?
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Source: Dubai Land Department. Updated 10 January 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,800 sqft
- Floor
- 5th of 7
- Parking
- Building 7- B3-81
- Developer
- Souq Residences
- Completed
- 2009
- Service charge
- AED 27,900 /yr
- Last sold
- AED 1.8M · June 2009
- Building
- Golden Mile 07
About 7503, Golden Mile 07
7503 is a two-bedroom apartment of 1,800 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 7 Ejari contracts. The current contract, signed on 10 January 2023, is AED 170,000 a year: a gross yield of 9.4% on the 2009 price, before the service charge of about AED 27,900 a year.
Sales and rents for 7503 over time
7503 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 7503 sits
All 42 2-beds →7503 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). 7503's AED 170,000 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 5th floor
All 79 units in Golden Mile 07| ValueToday's value | |||||
|---|---|---|---|---|---|
| 7501 | 1-bed | 1,305 sqft | AED 2.4MAED 2,400,000 · May 2024May 2024 | 105,000 /yr | |
| 7502 | 2-bed | 1,799 sqft | AED 1.8MAED 1,800,000 · Jun 2009June 2009 | 132,200 /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 |
7503, 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 January 2017 on 7 Ejari contracts. The rent fell from AED 150,000 to AED 90,000 in 2021 and recovered to AED 170,000 by January 2023.
- At AED 170,000 a year the gross yield on the 2009 price is 9.4%, before a service charge of about AED 27,900 a year (AED 15.49 per sqft).
Source: Dubai Land Department. Updated 10 January 2023.
Questions about 7503, Golden Mile 07
What did unit 7503 last sell for?
AED 1,800,000 on 15 June 2009, sold by the developer: AED 1,000 per sqft for 1,800 sqft. It is the only registered sale of the unit.
What is the rent for unit 7503?
AED 170,000 a year on the contract signed on 10 January 2023. The previous contract, from February 2022, was AED 125,000; the unit has been rented since January 2017.
How big is unit 7503?
1,800 sqft (167.2 sqm): a two-bedroom apartment on the 5th floor of a 7-storey tower completed in 2009.
What is unit 7503 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 7503, 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 →