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2-bed · 1,794 sqftGolden Mile 07, Palm Jumeirah · 5th floor · completed 2009

7511, Golden Mile 07

Sold prices and rental history: sold 3 times, last in May 2024, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 7511 · DLD and Ejari recordsUpdated 3 May 2024
Last soldAED 3.2M3 May 2024
Current rentAED 140K /yr20 June 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 7511, Golden Mile 07

What is 7511 worth today?

Last sold for AED 3,200,000 in 2024

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3 May 2024SoldReady
AED 3,200,000AED 1,783 per sqft
20 Jun 2023RentedRenewal
AED 140,000/yr12 months · AED 78 per sqft
20 Jun 2022RentedNew contract
AED 135,000/yr12 months · AED 75 per sqft
25 Sep 2021RentedNew contract
AED 120,000/yr12 months · AED 67 per sqft
17 Nov 2011SoldOff-plan
AED 1,352,500AED 753 per sqft
21 May 2009Sold by developerOff-plan
AED 2,250,000AED 1,253 per sqft

Source: Dubai Land Department. Updated 3 May 2024.

Key facts

Type
2-bed apartment
Size
1,794 sqft
Floor
5th of 7
Parking
Building 7-B3-88, Building 7-B3-89
Developer
Souq Residences
Completed
2009
Service charge
AED 27,800 /yr
Last sold
AED 3.2M · May 2024
Building
Golden Mile 07

About 7511, Golden Mile 07

7511 is a two-bedroom apartment of 1,794 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 3 May 2024 for AED 3,200,000, or AED 1,783 per sqft, 23% above the AED 1,454 two-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 20 June 2023, is AED 140,000 a year: a gross yield of 4.4% on the 2024 price, before the service charge of about AED 27,800 a year.

Sales and rents for 7511 over time

Sales
Unit 7511, 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 2,250,000 (AED 1,253 per sqft)Sold, November 2011: AED 1,352,500 (AED 753 per sqft)Sold, May 2024: AED 3,200,000 (AED 1,783 per sqft)

7511 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 7511, 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 182,500New contract, September 2021: AED 120,000 a yearNew contract, June 2022: AED 135,000 a yearRenewal, June 2023: AED 140,000 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 7511 sits

All 42 2-beds →

7511 last sold in May 2024 at AED 1,783 per sqft, 23% above what two-beds in Golden Mile 07 were fetching at the time (AED 1,454). 7511's AED 140,000 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
75072-bedAED 2M · May 2010
1–7 of 11

7511, Golden Mile 07 in numbers

  • Sold 3 times: first on 21 May 2009 for AED 2,250,000, last on 3 May 2024 for AED 3,200,000 (AED 1,783 per sqft).
  • Rented since September 2021 on 3 Ejari contracts, from AED 120,000 to AED 140,000 a year.
  • At AED 140,000 a year the gross yield on the 2024 price is 4.4%, before a service charge of about AED 27,800 a year (AED 15.49 per sqft).

Source: Dubai Land Department. Updated 3 May 2024.

Questions about 7511, Golden Mile 07

What did unit 7511 last sell for?

AED 3,200,000 on 3 May 2024: AED 1,783 per sqft for 1,794 sqft. The unit has 3 registered sales; the first was AED 2,250,000 in May 2009.

What is the rent for unit 7511?

AED 140,000 a year on the contract renewed on 20 June 2023. The previous contract, from June 2022, was AED 135,000; the unit has been rented since September 2021.

How big is unit 7511?

1,794 sqft (166.7 sqm): a two-bedroom apartment on the 5th floor of a 7-storey tower completed in 2009.

What is unit 7511 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 7511, Golden Mile 07

Starts from the last sale price (AED 3.2M, 3 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,200,000
Deposit, UAE resident (20%)
AED 640,000
Deposit, non-resident (40%)
AED 1,280,000
Monthly over 25 years at 3.7%
AED 13,092

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