2-bed · 1,794 sqftGolden Mile 10, Palm Jumeirah · 5th floor · completed 2009

10511, Golden Mile 10

Sold prices and rental history: sold 3 times, last in December 2023, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 10511 · DLD and Ejari recordsUpdated 11 December 2023
Last soldAED 3.5M11 December 2023
Current rentAED 125K /yr17 April 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 10511, Golden Mile 10

What is 10511 worth today?

Last sold for AED 3,500,000 in 2023

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11 Dec 2023SoldReady
AED 3,500,000AED 1,950 per sqft
28 Nov 2023SoldReady
AED 2,700,000AED 1,504 per sqft
17 Apr 2023RentedRenewal
AED 125,000/yr12 months · AED 70 per sqft
17 Apr 2022RentedNew contract
AED 115,000/yr12 months · AED 64 per sqft
18 Apr 2021RentedNew contract
AED 115,000/yr12 months · AED 64 per sqft
1 Aug 2019RentedRenewal
AED 121,846/yr13 months · AED 68 per sqft
1 Jul 2018RentedRenewal
AED 138,000/yr13 months · AED 77 per sqft
30 Aug 2009Sold by developerOff-plan
AED 1,440,000AED 802 per sqft

Source: Dubai Land Department. Updated 11 December 2023.

Key facts

Type
2-bed apartment
Size
1,794 sqft
Floor
5th of 7
Parking
Building 10-B3-85
Developer
Souq Residences
Completed
2009
Service charge
AED 27,800 /yr
Last sold
AED 3.5M · December 2023

About 10511, Golden Mile 10

10511 is a two-bedroom apartment of 1,794 sqft on the 5th floor of Golden Mile 10, a 7-storey tower in Palm Jumeirah completed in 2009 by Souq Residences. It last sold on 11 December 2023 for AED 3,500,000, or AED 1,950 per sqft, 34% above the AED 1,450 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, renewed on 17 April 2023, is AED 125,000 a year: a gross yield of 3.6% on the 2023 price, before the service charge of about AED 27,800 a year.

Sales and rents for 10511 over time

Sales
Unit 10511, 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, August 2009: AED 1,440,000 (AED 802 per sqft)Sold, November 2023: AED 2,700,000 (AED 1,504 per sqft)Sold, December 2023: AED 3,500,000 (AED 1,950 per sqft)

10511 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 10511, 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 180,000Renewal, July 2018: AED 138,000 a yearRenewal, August 2019: AED 121,846 a yearNew contract, April 2021: AED 115,000 a yearNew contract, April 2022: AED 115,000 a yearRenewal, April 2023: 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 10, and where 10511 sits

All 42 2-beds →

10511 last sold in December 2023 at AED 1,950 per sqft, 34% above what two-beds in Golden Mile 10 were fetching at the time (AED 1,450). 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. 10511's AED 125,000 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
105072-bedAED 1.8M · May 2009
1–7 of 11

10511, Golden Mile 10 in numbers

  • Sold 3 times: first on 30 August 2009 for AED 1,440,000, last on 11 December 2023 for AED 3,500,000 (AED 1,950 per sqft).
  • Rented since July 2018 on 5 Ejari contracts, from AED 138,000 to AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2023 price is 3.6%, before a service charge of about AED 27,800 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 11 December 2023.

Questions about 10511, Golden Mile 10

What did unit 10511 last sell for?

AED 3,500,000 on 11 December 2023: AED 1,950 per sqft for 1,794 sqft. The unit has 3 registered sales; the first was AED 1,440,000 in August 2009.

What is the rent for unit 10511?

AED 125,000 a year on the contract renewed on 17 April 2023. The previous contract, from April 2022, was AED 115,000; the unit has been rented since July 2018.

How big is unit 10511?

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 10511 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 10511, Golden Mile 10

Starts from the last sale price (AED 3.5M, 11 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,500,000
Deposit, UAE resident (20%)
AED 700,000
Deposit, non-resident (40%)
AED 1,400,000
Monthly over 25 years at 3.7%
AED 14,320

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