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2-bed · 1,800 sqftGolden Mile 07, Palm Jumeirah · 4th floor · completed 2009

7403, Golden Mile 07

Sold prices and rental history: sold twice, last in February 2022, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 7403 · DLD and Ejari recordsUpdated 22 May 2022
Last soldAED 1.84M3 February 2022
Current rentAED 96K /yr22 May 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 7403, Golden Mile 07

What is 7403 worth today?

Last sold for AED 1,835,000 in 2022

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22 May 2022RentedNew contract
AED 96,057/yr10 months · AED 53 per sqft
3 Feb 2022SoldReady
AED 1,835,000AED 1,019 per sqft
17 Aug 2021RentedRenewal
AED 96,000/yr12 months · AED 53 per sqft
17 Aug 2020RentedNew contract
AED 88,000/yr12 months · AED 49 per sqft
1 May 2019RentedRenewal
AED 130,000/yr12 months · AED 72 per sqft
1 May 2018RentedRenewal
AED 135,000/yr12 months · AED 75 per sqft
1 May 2017RentedNew contract
AED 135,000/yr12 months · AED 75 per sqft
19 Apr 2011Sold by developerOff-plan
AED 1,400,000AED 777 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 22 May 2022.

Key facts

Type
2-bed apartment
Size
1,800 sqft
Floor
4th of 7
Parking
Building 7- B3-82
Developer
Souq Residences
Completed
2009
Service charge
AED 27,900 /yr
Last sold
AED 1.84M · February 2022
Building
Golden Mile 07

About 7403, Golden Mile 07

7403 is a two-bedroom apartment of 1,800 sqft on the 4th floor of Golden Mile 07, a 7-storey tower in Palm Jumeirah completed in 2009 by Souq Residences. It last sold on 3 February 2022 for AED 1,835,000, or AED 1,019 per sqft, 4% below the AED 1,058 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, signed on 22 May 2022, is AED 96,057 a year: a gross yield of 5.2% on the 2022 price, before the service charge of about AED 27,900 a year.

Sales and rents for 7403 over time

Sales
Unit 7403, each saleTypical two-bed in Golden Mile 07
1M2M3M20092013201720212025Typical 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 2,500,000; 2024 AED 3,275,000Sold by developer, April 2011: AED 1,400,000 (AED 777 per sqft)Sold, February 2022: AED 1,835,000 (AED 1,019 per sqft)

7403 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 7403, each contractTypical two-bed in Golden Mile 07
100K200K2016201920222025Typical 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 104,750; 2022 AED 114,975; 2023 AED 131,553; 2024 AED 187,500; 2025 AED 210,000New contract, May 2017: AED 135,000 a yearRenewal, May 2018: AED 135,000 a yearRenewal, May 2019: AED 130,000 a yearNew contract, August 2020: AED 88,000 a yearRenewal, August 2021: AED 96,000 a yearNew contract, May 2022: AED 96,057 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 7403 sits

All 40 2-beds →

7403 last sold in February 2022 at AED 1,019 per sqft, 4% below what two-beds in Golden Mile 07 were fetching at the time (AED 1,058).

Recent 2-bed salesUnit no.Price (AED)Summary
13 Feb 20252,950,000
19 Jan 20253,950,000
23 Aug 20243,350,000
21 Aug 20243,800,000
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. No sale in the last 12 months.

Typical price per sqft
Few sales
Typical sale
Few sales
Typical rent
AED 155K /yr
Typical yield
Golden Mile 07, Palm Jumeirah: prices, sales and rents →

Other units on the 4th floor

All 79 units in Golden Mile 07
Value
74011-bedAED 1.78M · Mar 2015
74022-bedAED 1.8M · May 2009
74041-bedAED 1.1M · Dec 2011
74052-bedAED 912K · Mar 2017
74061-bedAED 1.6M · Jan 2022
7407AED 1.85M · Jul 2018
74083-bedAED 2.38M · Nov 2020
1–7 of 11

7403, Golden Mile 07 in numbers

  • Sold twice: first on 19 April 2011 for AED 1,400,000, last on 3 February 2022 for AED 1,835,000 (AED 1,019 per sqft).
  • Rented since May 2017 on 6 Ejari contracts, from AED 135,000 to AED 96,057 a year.
  • At AED 96,057 a year the gross yield on the 2022 price is 5.2%, before a service charge of about AED 27,900 a year (AED 15.49 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 22 May 2022.

Questions about 7403, Golden Mile 07

What did unit 7403 last sell for?

AED 1,835,000 on 3 February 2022: AED 1,019 per sqft for 1,800 sqft. The unit has 2 registered sales; the first was AED 1,400,000 in April 2011.

What is the rent for unit 7403?

AED 96,057 a year on the contract signed on 22 May 2022. The previous contract, from August 2021, was AED 96,000; the unit has been rented since May 2017.

How big is unit 7403?

1,800 sqft (167.2 sqm): a two-bedroom apartment on the 4th floor of a 7-storey tower completed in 2009.

What is unit 7403 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 7403, Golden Mile 07

Starts from the last sale price (AED 1.84M, 3 February 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,835,000
Deposit, UAE resident (20%)
AED 367,000
Deposit, non-resident (40%)
AED 734,000
Monthly over 25 years at 3.7%
AED 7,508

Plus AED 82,080 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →