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SOUQ RESIDENCES FZCO

Golden Mile

Completed|1,443 units · 22 buildings
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Golden Mile is a completed community by SOUQ RESIDENCES FZCO in Palm Jumeirah, comprising 1,443 registered units. 1,940 sales are registered with the Dubai Land Department, at a current PIX© price of AED 1,978 per sqft. At AED 1,978 per sqft, Golden Mile prices 22% below the Palm Jumeirah median of AED 2,537 per sqft on registered sales.

PIX© price · ↑1.0% YoY
3.98MAED
Typical
1,978AED
PSF
Gross yield
5.8%
PIX© rent ÷ PIX© price
Sale records
1,940
DLD · all time
Rent contracts
6,548
Ejari · all time
Explore locations
10 inside Golden Mile
Golden Mile 3
197 sales · 1,041 rentals
Golden Mile 2
197 sales · 739 rentals
Golden Mile 4
204 sales · 654 rentals
Golden Mile 1
201 sales · 647 rentals
Golden Mile 6
208 sales · 630 rentals
Golden Mile 9
214 sales · 553 rentals
Golden Mile 5
179 sales · 586 rentals
Golden Mile 8
185 sales · 557 rentals
Golden Mile 7
167 sales · 533 rentals
Golden Mile 10
188 sales · 475 rentals
Exclusive to PropertyIndex©

PIX© Unit History

Pick a building and floor, or select a position in any table below, to follow one unit through every registered owner and tenant.

Building
Floor
Units on floor 3
…

2 Bed on Floor 3, Tower 6

Size
Record
May 2009 to Jan 2024
Owners
7
Tenants
4
Price change
Yield on cost
Sale price by owner
PartyDatePrice / RentAEDPSFvs priorHeldNote
4Tenant 411 Jan 202412 mo
Owner 7
7Owner 74 Sep 20233.2 yrs
Current owner
Sold with tenant in place
Mortgage
6Owner 621 Jun 202214 mo
Sold with tenant in place
Mortgage
3Tenant 323 May 202220 mo
Renewal
Owner 5
5Owner 517 Aug 202110 mo
Sold with tenant in place
3Tenant 323 May 202112 mo
Renewal
Owner 4
3Tenant 323 May 202012 mo
Owner 4
2Tenant 231 Jan 201912 mo
Owner 4
4Owner 47 Jan 20192.6 yrs
1Tenant 11 Aug 201712 mo
Renewal
Owner 3
1Tenant 11 Aug 201612 mo
Renewal
Owner 3
1Tenant 11 Aug 201512 mo
Owner 3
3Owner 323 Sep 20135.3 yrs
2Owner 23 Mar 20137 mo
1Owner 121 May 20093.8 yrs
PIX© Airbnb Calculator

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2 Bed · Floor 3 · Tower 6
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Golden Mile

Units

Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.

TypeUnitsPIX© PricePIX© PSFPSF YoYPIX© Rent /yrYield
PIX© Core
Project-Wide
186 - 10,237 sqft
1,4433.98M1,978↑1.0%231K5.8%
Residential
1 Bed · Apartment
646 - 2,293 sqft
323
2 Bed · Apartment
807 - 3,835 sqft
584
3 Bed · Apartment
1,403 - 5,417 sqft
253
4 Bed · Apartment
3,583 - 3,749 sqft
13
5 Bed · Apartment
5,277 - 10,237 sqft
7-----
Penthouse · Apartment
3,946 - 10,222 sqft
42
Commercial
Office
1,661 - 8,577 sqft
47----
Other Commercial
1,066 sqft
3-----
Shop
599 - 2,982 sqft
122----
Warehouse
186 - 727 sqft
49-----
Sales - Project-Wide1,940 DLD records
PIX© price analysis
PIX©Entry
PIX©Standard
PIX©Premium
PSF YoY
3-month change
Price range
PSF range
Avg size
Cash : mortgage
Off-plan : ready
Latest transactions
DateUnit No.BedsPositionSizePricePSFvs Prior SaleTierType
22 Oct 20262 BedTower 9 · Floor 31,7943,800,0002,118+28.8%StandardStandard Sale
15 Oct 20263 BedTower 6 · Floor 22,4214,999,9992,065+138.1%StandardStandard Sale
14 Oct 20262 BedTower 6 · Floor 51,8083,300,0001,826-StandardStandard Sale
Rentals - Project-Wide6,548 Ejari contracts
PIX© rent analysis
PIX©Entry
PIX©Standard
PIX©Premium
Rent PSF YoY
Gross yield
Rent range
Renewals
Latest contracts
Start DateUnit No.BedsPositionSizeRent / YrRent PSFvs Prior RentTierType
19 Aug 20271 BedTower 9 · Floor 31,290114,68689-StandardCONTRACT
10 Jun 20273 BedTower 5 · Floor 23,329294,19488-StandardCONTRACT
20 Nov 20262 BedTower 9 · Floor 61,889175,00093-Entry LevelCERTIFICATE

Comparables

How this project prices against its peers, ranked by PIX© price per square foot.

Comparable projects in Palm Jumeirah

The closest-priced registered projects in Palm Jumeirah.

Common questions about Golden Mile

Answered from Dubai Land Department registered transactions.

How much does a property in Golden Mile cost?

Property in Golden Mile sells at a current PIX© price of AED 1,978 per sqft, or about AED 3,981,153 for a typical unit, based on 1,940 sales registered with the Dubai Land Department.

Is Golden Mile completed?

Yes. Golden Mile is recorded as completed in the Dubai Land Department project register.

Who is the developer of Golden Mile?

Golden Mile is developed by SOUQ RESIDENCES FZCO, the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in Golden Mile?

Golden Mile yields 5.8% gross, calculated from current PIX© rent against current PIX© sale price, across 6,548 registered Ejari contracts.

How many units are in Golden Mile?

Golden Mile holds 1,443 registered units, per the Dubai Land Department unit register.

Have prices in Golden Mile gone up or down?

Price per sqft has risen +1.0% over the last 12 months, to AED 1,978, across 1,940 registered sales.