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3-bed · 2,414 sqftGolden Mile 07, Palm Jumeirah · 5th floor · completed 2009

7512, Golden Mile 07

Sold prices and rental history: sold 3 times, last in May 2023, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 7512 · DLD and Ejari recordsUpdated 16 May 2023
Last soldAED 3.6M16 May 2023
Current rentAED 165K /yr8 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 7512, Golden Mile 07

What is 7512 worth today?

Last sold for AED 3,600,000 in 2023

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16 May 2023SoldReady
AED 3,600,000AED 1,491 per sqft
8 Nov 2022RentedRenewal
AED 165,000/yr12 months · AED 68 per sqft
8 Nov 2021RentedRenewal
AED 157,500/yr12 months · AED 65 per sqft
8 Nov 2020RentedRenewal
AED 150,000/yr12 months · AED 62 per sqft
8 Nov 2019RentedRenewal
AED 172,500/yr12 months · AED 72 per sqft
8 Nov 2018RentedRenewal
AED 181,500/yr12 months · AED 75 per sqft
7 Nov 2017RentedNew contract
AED 186,981/yr12 months · AED 78 per sqft
7 Nov 2016RentedNew contract
AED 187,500/yr12 months · AED 78 per sqft

Source: Dubai Land Department. Updated 16 May 2023.

Key facts

Type
3-bed apartment
Size
2,414 sqft
Floor
5th of 7
Parking
Building 7-B3-50
Developer
Souq Residences
Completed
2009
Service charge
AED 37,400 /yr
Last sold
AED 3.6M · May 2023
Building
Golden Mile 07

About 7512, Golden Mile 07

7512 is a three-bedroom apartment of 2,414 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 16 May 2023 for AED 3,600,000, or AED 1,491 per sqft, 7% above the AED 1,399 three-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 7 Ejari contracts. The current contract, renewed on 8 November 2022, is AED 165,000 a year: a gross yield of 4.6% on the 2023 price, before the service charge of about AED 37,400 a year.

Sales and rents for 7512 over time

Sales
Unit 7512, each saleTypical three-bed in Golden Mile 07
2M3M4M2009201320172021Typical sale price by year: 2009 AED 2,750,000; 2011 AED 2,200,000; 2012 AED 1,820,000; 2013 AED 2,775,000; 2023 AED 3,875,000Sold by developer, May 2009: AED 2,700,000 (AED 1,118 per sqft)Sold, March 2014: AED 3,600,000 (AED 1,491 per sqft)Sold, May 2023: AED 3,600,000 (AED 1,491 per sqft)

7512 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 7512, each contractTypical three-bed in Golden Mile 07
200K300K2016201920222025Typical rent by year: 2016 AED 188,750; 2017 AED 215,000; 2018 AED 196,455; 2019 AED 200,000; 2020 AED 180,000; 2021 AED 180,000; 2022 AED 200,000; 2023 AED 225,000; 2025 AED 287,500; 2026 AED 300,000New contract, November 2016: AED 187,500 a yearNew contract, November 2017: AED 186,981 a yearRenewal, November 2018: AED 181,500 a yearRenewal, November 2019: AED 172,500 a yearRenewal, November 2020: AED 150,000 a yearRenewal, November 2021: AED 157,500 a yearRenewal, November 2022: AED 165,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Golden Mile 07, and where 7512 sits

All 14 3-beds →

7512 last sold in May 2023 at AED 1,491 per sqft, 7% above what three-beds in Golden Mile 07 were fetching at the time (AED 1,399). 7512's AED 165,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
15 Apr 20257,750,000
21 May 20247,850,000
21 Dec 20234,000,000
5 Jun 20234,300,000
0 3-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

7512, Golden Mile 07 in numbers

  • Sold 3 times: first on 21 May 2009 for AED 2,700,000, last on 16 May 2023 for AED 3,600,000 (AED 1,491 per sqft).
  • Rented since November 2016 on 7 Ejari contracts, from AED 187,500 to AED 165,000 a year.
  • At AED 165,000 a year the gross yield on the 2023 price is 4.6%, before a service charge of about AED 37,400 a year (AED 15.49 per sqft).

Source: Dubai Land Department. Updated 16 May 2023.

Questions about 7512, Golden Mile 07

What did unit 7512 last sell for?

AED 3,600,000 on 16 May 2023: AED 1,491 per sqft for 2,414 sqft. The unit has 3 registered sales; the first was AED 2,700,000 in May 2009.

What is the rent for unit 7512?

AED 165,000 a year on the contract renewed on 8 November 2022. The previous contract, from November 2021, was AED 157,500; the unit has been rented since November 2016.

How big is unit 7512?

2,414 sqft (224.3 sqm): a three-bedroom apartment on the 5th floor of a 7-storey tower completed in 2009.

What is unit 7512 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 7512, Golden Mile 07

Starts from the last sale price (AED 3.6M, 16 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,600,000
Deposit, UAE resident (20%)
AED 720,000
Deposit, non-resident (40%)
AED 1,440,000
Monthly over 25 years at 3.7%
AED 14,729

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