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2-bed · 1,888 sqftGolden Mile 07, Palm Jumeirah · 5th floor · completed 2009

7507, Golden Mile 07

Sold prices and rental history: sold once, by the developer in May 2010, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 7507 · DLD and Ejari recordsUpdated 15 November 2021
Last soldAED 2M5 May 2010
Current rentAED 105K /yr15 November 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 7507, Golden Mile 07

What is 7507 worth today?

Last sold for AED 2,000,000 in 2010

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15 Nov 2021RentedRenewal
AED 104,500/yr12 months · AED 55 per sqft
15 Nov 2020RentedNew contract
AED 95,000/yr12 months · AED 50 per sqft
5 May 2010Sold by developerOff-plan
AED 2,000,000AED 1,059 per sqft

Source: Dubai Land Department. Updated 15 November 2021.

Key facts

Type
2-bed apartment
Size
1,888 sqft
Floor
5th of 7
Parking
Building 7- B3-98
Developer
Souq Residences
Completed
2009
Service charge
AED 29,200 /yr
Last sold
AED 2M · May 2010
Building
Golden Mile 07

About 7507, Golden Mile 07

7507 is a two-bedroom apartment of 1,888 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 5 May 2010 for AED 2,000,000, or AED 1,059 per sqft, 6% above the AED 1,000 two-beds in the building were fetching at the time.

It has been rented since 2020 on 2 Ejari contracts. The current contract, renewed on 15 November 2021, is AED 104,500 a year: a gross yield of 5.2% on the 2010 price, before the service charge of about AED 29,200 a year.

Sales and rents for 7507 over time

Sales
Unit 7507, 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 2010: AED 2,000,000 (AED 1,059 per sqft)

7507 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 7507, 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, November 2020: AED 95,000 a yearRenewal, November 2021: AED 104,500 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 7507 sits

All 42 2-beds →

7507 last sold in May 2010 at AED 1,059 per sqft, 6% above what two-beds in Golden Mile 07 were fetching at the time (AED 1,000). 7507's AED 104,500 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
75022-bedAED 1.8M · Jun 2009
75032-bedAED 1.8M · Jun 2009
75041-bedAED 2.17M · Dec 2023
75052-bedAED 2.6M · Mar 2014
75061-bedAED 910K · Feb 2012
75083-bedAED 4.35M · Mar 2023
1–7 of 11

7507, Golden Mile 07 in numbers

  • Sold once: by Souq Residences on 5 May 2010 for AED 2,000,000, or AED 1,059 per sqft.
  • Rented since November 2020 on 2 Ejari contracts, from AED 95,000 to AED 104,500 a year.
  • At AED 104,500 a year the gross yield on the 2010 price is 5.2%, before a service charge of about AED 29,200 a year (AED 15.49 per sqft).

Source: Dubai Land Department. Updated 15 November 2021.

Questions about 7507, Golden Mile 07

What did unit 7507 last sell for?

AED 2,000,000 on 5 May 2010, sold by the developer: AED 1,059 per sqft for 1,888 sqft. It is the only registered sale of the unit.

What is the rent for unit 7507?

AED 104,500 a year on the contract renewed on 15 November 2021. The previous contract, from November 2020, was AED 95,000.

How big is unit 7507?

1,888 sqft (175.4 sqm): a two-bedroom apartment on the 5th floor of a 7-storey tower completed in 2009.

What is unit 7507 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 7507, Golden Mile 07

Starts from the last sale price (AED 2M, 5 May 2010). Switch to today's estimate once you have unlocked it.
Price
AED 2,000,000
Deposit, UAE resident (20%)
AED 400,000
Deposit, non-resident (40%)
AED 800,000
Monthly over 25 years at 3.7%
AED 8,183

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