2-bed · 1,807 sqftGolden Mile 07, Palm Jumeirah · 5th floor · completed 2009

7505, Golden Mile 07

Sold prices and rental history: sold twice, last in March 2014, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 7505 · DLD and Ejari recordsUpdated 27 March 2014
Last soldAED 2.6M27 March 2014
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 7505, Golden Mile 07

What is 7505 worth today?

Last sold for AED 2,600,000 in 2014

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27 Mar 2014SoldOff-plan
AED 2,600,000AED 1,439 per sqft
21 May 2009Sold by developerOff-plan
AED 1,750,000AED 968 per sqft

Source: Dubai Land Department. Updated 27 March 2014.

Key facts

Type
2-bed apartment
Size
1,807 sqft
Floor
5th of 7
Parking
Building 7-B3-54
Developer
Souq Residences
Completed
2009
Service charge
AED 28,000 /yr
Last sold
AED 2.6M · March 2014

About 7505, Golden Mile 07

7505 is a two-bedroom apartment of 1,807 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 March 2014 for AED 2,600,000, or AED 1,439 per sqft, 36% above the AED 1,058 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 7505 over time

Sales
Unit 7505, 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, May 2009: AED 1,750,000 (AED 968 per sqft)Sold, March 2014: AED 2,600,000 (AED 1,439 per sqft)

7505 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 7505, each contractTypical two-bed in Golden Mile 07
100K150K200K2016201920222025Typical 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 182,500

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 7505 sits

All 42 2-beds →

7505 last sold in March 2014 at AED 1,439 per sqft, 36% above what two-beds in Golden Mile 07 were fetching at the time (AED 1,058).

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
75022-bedAED 1.8M · Jun 2009
75032-bedAED 1.8M · Jun 2009
75041-bedAED 2.17M · Dec 2023
75061-bedAED 910K · Feb 2012
75072-bedAED 2M · May 2010
75083-bedAED 4.35M · Mar 2023
1–7 of 11

7505, Golden Mile 07 in numbers

  • Sold twice: first on 21 May 2009 for AED 1,750,000, last on 27 March 2014 for AED 2,600,000 (AED 1,439 per sqft).

Source: Dubai Land Department. Updated 27 March 2014.

Questions about 7505, Golden Mile 07

What did unit 7505 last sell for?

AED 2,600,000 on 27 March 2014: AED 1,439 per sqft for 1,807 sqft. The unit has 2 registered sales; the first was AED 1,750,000 in May 2009.

How big is unit 7505?

1,807 sqft (167.9 sqm): a two-bedroom apartment on the 5th floor of a 7-storey tower completed in 2009.

What is unit 7505 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 7505, Golden Mile 07

Starts from the last sale price (AED 2.6M, 27 March 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,600,000
Deposit, UAE resident (20%)
AED 520,000
Deposit, non-resident (40%)
AED 1,040,000
Monthly over 25 years at 3.7%
AED 10,637

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