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2-bed · 1,802 sqftGolden Mile 07, Palm Jumeirah · 6th floor · completed 2009

7605, Golden Mile 07

Sold prices and rental history: sold twice, last in January 2020, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 7605 · DLD and Ejari recordsUpdated 27 January 2020
Last soldAED 685K27 January 2020
Current rentAED 125K /yr15 October 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 7605, Golden Mile 07

What is 7605 worth today?

Last sold for AED 685,000 in 2020

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27 Jan 2020SoldReady
AED 685,000AED 380 per sqft
15 Oct 2018RentedNew contract
AED 125,000/yr12 months · AED 70 per sqft
15 Oct 2017RentedNew contract
AED 130,000/yr12 months · AED 72 per sqft
21 May 2009Sold by developerOff-plan
AED 1,800,000AED 998 per sqft

Source: Dubai Land Department. Updated 27 January 2020.

Key facts

Type
2-bed apartment
Size
1,802 sqft
Floor
6th of 7
Parking
Building 7- B3-55
Developer
Souq Residences
Completed
2009
Service charge
AED 27,900 /yr
Last sold
AED 685K · January 2020
Building
Golden Mile 07

About 7605, Golden Mile 07

7605 is a two-bedroom apartment of 1,802 sqft on the 6th floor of Golden Mile 07, a 7-storey tower in Palm Jumeirah completed in 2009 by Souq Residences. It last sold on 27 January 2020 for AED 685,000, or AED 380 per sqft.

It has been rented since 2017 on 2 Ejari contracts. The current contract, signed on 15 October 2018, is AED 125,000 a year: a gross yield of 18.3% on the 2020 price, before the service charge of about AED 27,900 a year.

Sales and rents for 7605 over time

Sales
Unit 7605, 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 1,800,000 (AED 998 per sqft)Sold, January 2020: AED 685,000 (AED 380 per sqft)

7605 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 7605, 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, October 2017: AED 130,000 a yearNew contract, October 2018: AED 125,000 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 7605 sits

All 42 2-beds →

7605's AED 125,000 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 6th floor

All 79 units in Golden Mile 07
Value
76011-bedAED 1.64M · May 2009
76022-bedAED 2.5M · May 2023
76032-bedAED 1.38M · Nov 2020
76041-bedAED 1.54M · May 2009
76061-bedAED 1.2M · Jun 2019
76072-bedAED 1.35M · Sep 2019
76083-bedAED 4.3M · Jun 2023
1–7 of 11

7605, Golden Mile 07 in numbers

  • Sold twice: first on 21 May 2009 for AED 1,800,000, last on 27 January 2020 for AED 685,000 (AED 380 per sqft).
  • Rented since October 2017 on 2 Ejari contracts, from AED 130,000 to AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2020 price is 18.3%, before a service charge of about AED 27,900 a year (AED 15.49 per sqft).

Source: Dubai Land Department. Updated 27 January 2020.

Questions about 7605, Golden Mile 07

What did unit 7605 last sell for?

AED 685,000 on 27 January 2020: AED 380 per sqft for 1,802 sqft. The unit has 2 registered sales; the first was AED 1,800,000 in May 2009.

What is the rent for unit 7605?

AED 125,000 a year on the contract signed on 15 October 2018. The previous contract, from October 2017, was AED 130,000.

How big is unit 7605?

1,802 sqft (167.4 sqm): a two-bedroom apartment on the 6th floor of a 7-storey tower completed in 2009.

What is unit 7605 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 7605, Golden Mile 07

Starts from the last sale price (AED 685K, 27 January 2020). Switch to today's estimate once you have unlocked it.
Price
AED 685,000
Deposit, UAE resident (20%)
AED 137,000
Deposit, non-resident (40%)
AED 274,000
Monthly over 25 years at 3.7%
AED 2,803

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