2-bed · 1,888 sqftGolden Mile 10, Palm Jumeirah · 5th floor · completed 2009

10507, Golden Mile 10

Sold prices and rental history: sold once, by the developer in May 2009, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 10507 · DLD and Ejari recordsUpdated 10 October 2022
Last soldAED 1.8M24 May 2009
Current rentAED 104K /yr10 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 10507, Golden Mile 10

What is 10507 worth today?

Last sold for AED 1,800,000 in 2009

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10 Oct 2022RentedRenewal
AED 103,500/yr12 months · AED 55 per sqft
10 Oct 2021RentedRenewal
AED 90,000/yr12 months · AED 48 per sqft
10 Oct 2020RentedRenewal
AED 90,000/yr12 months · AED 48 per sqft
10 Oct 2019RentedRenewal
AED 105,000/yr12 months · AED 56 per sqft
10 Oct 2018RentedNew contract
AED 110,000/yr12 months · AED 58 per sqft
8 Oct 2017RentedNew contract
AED 140,000/yr12 months · AED 74 per sqft
15 Jul 2016RentedNew contract
AED 129,651/yr12 months · AED 69 per sqft
24 May 2009Sold by developerOff-plan
AED 1,800,000AED 953 per sqft

Source: Dubai Land Department. Updated 10 October 2022.

Key facts

Type
2-bed apartment
Size
1,888 sqft
Floor
5th of 7
Parking
Building 10- B3-75
Developer
Souq Residences
Completed
2009
Service charge
AED 29,200 /yr
Last sold
AED 1.8M · May 2009

About 10507, Golden Mile 10

10507 is a two-bedroom apartment of 1,888 sqft on the 5th floor of Golden Mile 10, a 7-storey tower in Palm Jumeirah completed in 2009 by Souq Residences. The developer sold it on 24 May 2009 for AED 1,800,000, or AED 953 per sqft, 10% below the AED 1,056 two-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 10 October 2022, is AED 103,500 a year: a gross yield of 5.8% on the 2009 price, before the service charge of about AED 29,200 a year.

Sales and rents for 10507 over time

Sales
Unit 10507, 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, May 2009: AED 1,800,000 (AED 953 per sqft)

10507 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 10507, 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, July 2016: AED 129,651 a yearNew contract, October 2017: AED 140,000 a yearNew contract, October 2018: AED 110,000 a yearRenewal, October 2019: AED 105,000 a yearRenewal, October 2020: AED 90,000 a yearRenewal, October 2021: AED 90,000 a yearRenewal, October 2022: AED 103,500 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 10, and where 10507 sits

All 42 2-beds →

10507 last sold in May 2009 at AED 953 per sqft, 10% below what two-beds in Golden Mile 10 were fetching at the time (AED 1,056). 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. 10507's AED 103,500 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 5th floor

All 79 units in Golden Mile 10
Value
105011-bedAED 1.6M · Apr 2016
105022-bedAED 2.6M · Jul 2023
105032-bedAED 1.4M · Mar 2021
105041-bedAED 1.72M · Mar 2023
105052-bedAED 2.6M · Feb 2014
105061-bedAED 1.1M · Aug 2009
105083-bedAED 4.25M · Dec 2021
1–7 of 11

10507, Golden Mile 10 in numbers

  • Sold once: by Souq Residences on 24 May 2009 for AED 1,800,000, or AED 953 per sqft.
  • Rented since July 2016 on 7 Ejari contracts. The rent fell from AED 129,651 to AED 90,000 in 2021 and recovered to AED 103,500 by October 2022.
  • At AED 103,500 a year the gross yield on the 2009 price is 5.8%, before a service charge of about AED 29,200 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 10 October 2022.

Questions about 10507, Golden Mile 10

What did unit 10507 last sell for?

AED 1,800,000 on 24 May 2009, sold by the developer: AED 953 per sqft for 1,888 sqft. It is the only registered sale of the unit.

What is the rent for unit 10507?

AED 103,500 a year on the contract renewed on 10 October 2022. The previous contract, from October 2021, was AED 90,000; the unit has been rented since July 2016.

How big is unit 10507?

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 10507 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 10507, Golden Mile 10

Starts from the last sale price (AED 1.8M, 24 May 2009). Switch to today's estimate once you have unlocked it.
Price
AED 1,800,000
Deposit, UAE resident (20%)
AED 360,000
Deposit, non-resident (40%)
AED 720,000
Monthly over 25 years at 3.7%
AED 7,364

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