8409, Golden Mile 08
Sold prices and rental history: sold twice, last in May 2024, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 8409, Golden Mile 08
What is 8409 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 22 May 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,788 sqft
- Floor
- 4th of 7
- Parking
- Building 8-B3-118
- Developer
- Souq Residences
- Completed
- 2009
- Service charge
- AED 27,700 /yr
- Last sold
- AED 2.6M · May 2024
- Building
- Golden Mile 08
About 8409, Golden Mile 08
8409 is a two-bedroom apartment of 1,788 sqft on the 4th floor of Golden Mile 08, a 7-storey tower in Palm Jumeirah completed in 2009 by Souq Residences. It last sold on 6 May 2024 for AED 2,600,000, or AED 1,454 per sqft, 10% below the AED 1,622 two-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 7 Ejari contracts. The current contract, signed on 22 May 2024, is AED 210,000 a year: a gross yield of 8.1% on the 2024 price, before the service charge of about AED 27,700 a year.
Sales and rents for 8409 over time
8409 has sold twice; the dashed line is the two-bed median of each year in the building.
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 08, and where 8409 sits
All 39 2-beds →8409 last sold in May 2024 at AED 1,454 per sqft, 10% below what two-beds in Golden Mile 08 were fetching at the time (AED 1,622). Over the last 12 months two-beds sold for AED 3,620,000 to 4,400,000, around AED 2,185 per sqft, and rent for AED 218,000 to 240,000 a year. 8409's AED 210,000 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 22 Dec 202522 December 2025 | 1,888 sqft | 3,620,000 | 1,917 | ||
| 15 May 202515 May 2025 | 1,794 sqft | 4,100,000 | 2,284 | ||
| 5 May 20255 May 2025 | 2,096 sqft | 3,450,000 | 1,645 | ||
| 2 Jan 20252 January 2025 | 2,002 sqft | 3,125,000 | 1,561 |
Golden Mile 08
Building81 apartments, 1-bed to 3-bed over 7 floors in Palm Jumeirah, completed in 2009 by Souq Residences. 2 sold in the last 12 months.
- Typical price per sqft
- AED 2,185
- Typical sale
- AED 4.01M
- Typical rent
- AED 215K /yr
- Typical yield
- 5.1%
Other units on the 4th floor
All 81 units in Golden Mile 08| ValueToday's value | |||||
|---|---|---|---|---|---|
| 8401 | 1-bed | 1,305 sqft | AED 2.05MAED 2,050,000 · Mar 2024March 2024 | 120,000 /yr | |
| 8402 | 2-bed | 1,799 sqft | AED 1.65MAED 1,650,000 · Nov 2012November 2012 | ||
| 8403 | 2-bed | 1,800 sqft | AED 1.43MAED 1,425,000 · Apr 2020April 2020 | 200,000 /yr | |
| 8404 | 1-bed | 1,307 sqft | AED 2.73MAED 2,725,000 · Oct 2024October 2024 | 50,000 /yr | |
| 8405 | 2-bed | 1,807 sqft | AED 2MAED 2,000,000 · Apr 2017April 2017 | 163,350 /yr | |
| 8406 | 1-bed | 1,290 sqft | AED 980KAED 980,000 · May 2011May 2011 | 145,000 /yr | |
| 8407 | 2-bed | 1,888 sqft | AED 1.8MAED 1,800,000 · Jan 2022January 2022 | 218,000 /yr | |
| 8408 | 3-bed | 3,328 sqft | AED 5.25MAED 5,250,000 · Mar 2024March 2024 | 220,000 /yr | |
| 8410 | 2-bed | 1,794 sqft | AED 1.6MAED 1,600,000 · May 2013May 2013 | 172,000 /yr | |
| 8411 | 2-bed | 1,794 sqft | AED 2.2MAED 2,200,000 · Jul 2016July 2016 | ||
| 8412 | 3-bed | 2,414 sqft | AED 3.15MAED 3,145,000 · Dec 2015December 2015 |
8409, Golden Mile 08 in numbers
- Sold twice: first on 21 May 2009 for AED 2,200,000, last on 6 May 2024 for AED 2,600,000 (AED 1,454 per sqft).
- Rented since March 2020 on 7 Ejari contracts. The rent fell from AED 110,000 to AED 84,000 in 2020 and recovered to AED 210,000 by May 2024.
- At AED 210,000 a year the gross yield on the 2024 price is 8.1%, before a service charge of about AED 27,700 a year (AED 15.49 per sqft).
- Two-beds in Golden Mile 08 sold for AED 3,620,000–4,400,000 in the 12 months to November 2026; the building's median across all types is AED 2,185 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 22 May 2024.
Questions about 8409, Golden Mile 08
What did unit 8409 last sell for?
AED 2,600,000 on 6 May 2024: AED 1,454 per sqft for 1,788 sqft. The unit has 2 registered sales; the first was AED 2,200,000 in May 2009.
What is the rent for unit 8409?
AED 210,000 a year on the contract signed on 22 May 2024. The previous contract, from December 2022, was AED 125,000; the unit has been rented since March 2020.
How big is unit 8409?
1,788 sqft (166.1 sqm): a two-bedroom apartment on the 4th floor of a 7-storey tower completed in 2009.
What is unit 8409 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 08 sold for AED 3,620,000 to 4,400,000 in the last 12 months, around AED 2,185 per sqft.
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Mortgage on 8409, Golden Mile 08
Starts from the last sale price (AED 2.6M, 6 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,600,000
- Deposit, UAE resident (20%)
- AED 520,000
- Deposit, non-resident (40%)
- AED 1,040,000
- Monthly over 25 years at 3.7%
- AED 10,637
Plus AED 114,210 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →