2-bed · 1,807 sqftGolden Mile 10, Palm Jumeirah · 4th floor · completed 2009

10405, Golden Mile 10

Sold prices and rental history: sold twice, last in August 2024, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 10405 · DLD and Ejari recordsUpdated 29 August 2024
Last soldAED 3M29 August 2024
Current rentAED 112K /yr1 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 10405, Golden Mile 10

What is 10405 worth today?

Last sold for AED 3,000,000 in 2024

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29 Aug 2024SoldReady
AED 3,000,000AED 1,660 per sqft
1 Nov 2023RentedRenewal
AED 112,455/yr12 months · AED 62 per sqft
1 Nov 2022RentedRenewal
AED 107,100/yr12 months · AED 59 per sqft
1 Nov 2021RentedRenewal
AED 102,000/yr12 months · AED 56 per sqft
1 Nov 2020RentedRenewal
AED 90,000/yr12 months · AED 50 per sqft
1 Nov 2019RentedRenewal
AED 100,000/yr12 months · AED 55 per sqft
1 Nov 2018RentedNew contract
AED 117,000/yr12 months · AED 65 per sqft
1 Sep 2017RentedNew contract
AED 130,000/yr12 months · AED 72 per sqft

Source: Dubai Land Department. Updated 29 August 2024.

Key facts

Type
2-bed apartment
Size
1,807 sqft
Floor
4th of 7
Parking
Building 10-B3-66
Developer
Souq Residences
Completed
2009
Service charge
AED 28,000 /yr
Last sold
AED 3M · August 2024

About 10405, Golden Mile 10

10405 is a two-bedroom apartment of 1,807 sqft on the 4th floor of Golden Mile 10, a 7-storey tower in Palm Jumeirah completed in 2009 by Souq Residences. It last sold on 29 August 2024 for AED 3,000,000, or AED 1,660 per sqft, 10% below the AED 1,845 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, renewed on 1 November 2023, is AED 112,455 a year: a gross yield of 3.8% on the 2024 price, before the service charge of about AED 28,000 a year.

Sales and rents for 10405 over time

Sales
Unit 10405, each saleTypical two-bed in Golden Mile 10
2M4M2009201420192024Typical sale price by year: 2009 AED 1,900,000; 2012 AED 1,490,000; 2013 AED 1,800,000; 2015 AED 2,100,000; 2016 AED 2,225,000; 2022 AED 2,125,000; 2023 AED 2,600,000; 2024 AED 3,325,000; 2025 AED 3,950,000; 2026 AED 3,950,000Sold by developer, September 2011: AED 1,650,000 (AED 913 per sqft)Sold, August 2024: AED 3,000,000 (AED 1,660 per sqft)

10405 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 10405, each contractTypical two-bed in Golden Mile 10
100K150K200K2016201920222025Typical rent by year: 2016 AED 152,220; 2017 AED 140,000; 2018 AED 131,000; 2019 AED 119,000; 2020 AED 94,375; 2021 AED 103,500; 2022 AED 107,450; 2023 AED 125,000; 2024 AED 165,000; 2025 AED 190,000; 2026 AED 180,000New contract, September 2017: AED 130,000 a yearNew contract, November 2018: AED 117,000 a yearRenewal, November 2019: AED 100,000 a yearRenewal, November 2020: AED 90,000 a yearRenewal, November 2021: AED 102,000 a yearRenewal, November 2022: AED 107,100 a yearRenewal, November 2023: AED 112,455 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 10, and where 10405 sits

All 42 2-beds →

10405 last sold in August 2024 at AED 1,660 per sqft, 10% below what two-beds in Golden Mile 10 were fetching at the time (AED 1,845). Over the last 12 months two-beds sold for AED 1,000,000 to 5,200,000, around AED 2,092 per sqft, and rent for AED 89,467 to 350,000 a year. 10405's AED 112,455 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
29 Sep 20265,200,000
20 Apr 20261,000,000
6 Mar 20263,950,000
25 Aug 20253,950,000
3 2-bed sales in the last 12 months

Golden Mile 10

Building

79 apartments, 1-bed to 4-bed over 7 floors in Palm Jumeirah, completed in 2009 by Souq Residences. 5 sold in the last 12 months.

Typical price per sqft
AED 2,071
Typical sale
AED 3.95M
Typical rent
AED 180K /yr
Typical yield
4.8%
Golden Mile 10, Palm Jumeirah: prices, sales and rents →

Other units on the 4th floor

All 79 units in Golden Mile 10
Value
104011-bedAED 1.1M · Aug 2009
104022-bedAED 2.45M · Jun 2023
104032-bedAED 2.9M · Jan 2024
104041-bedAED 1.42M · May 2018
104061-bedAED 1.1M · Apr 2019
104072-bedAED 3.95M · Mar 2026
104083-bedAED 2.58M · Aug 2009
1–7 of 11

10405, Golden Mile 10 in numbers

  • Sold twice: first on 7 September 2011 for AED 1,650,000, last on 29 August 2024 for AED 3,000,000 (AED 1,660 per sqft).
  • Rented since September 2017 on 7 Ejari contracts. The rent fell from AED 130,000 to AED 90,000 in 2020 and recovered to AED 112,455 by November 2023.
  • At AED 112,455 a year the gross yield on the 2024 price is 3.8%, before a service charge of about AED 28,000 a year (AED 15.49 per sqft).
  • Two-beds in Golden Mile 10 sold for AED 1,000,000–5,200,000 in the 12 months to November 2026; the building's median across all types is AED 2,071 per sqft.

Source: Dubai Land Department. Updated 29 August 2024.

Questions about 10405, Golden Mile 10

What did unit 10405 last sell for?

AED 3,000,000 on 29 August 2024: AED 1,660 per sqft for 1,807 sqft. The unit has 2 registered sales; the first was AED 1,650,000 in September 2011.

What is the rent for unit 10405?

AED 112,455 a year on the contract renewed on 1 November 2023. The previous contract, from November 2022, was AED 107,100; the unit has been rented since September 2017.

How big is unit 10405?

1,807 sqft (167.9 sqm): a two-bedroom apartment on the 4th floor of a 7-storey tower completed in 2009.

What is unit 10405 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Golden Mile 10 sold for AED 1,000,000 to 5,200,000 in the last 12 months, around AED 2,092 per sqft.

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Mortgage on 10405, Golden Mile 10

Starts from the last sale price (AED 3M, 29 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,000,000
Deposit, UAE resident (20%)
AED 600,000
Deposit, non-resident (40%)
AED 1,200,000
Monthly over 25 years at 3.7%
AED 12,274

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