Golden Mile 5, Palm Jumeirah

Marked as the self-proclaimed eighth wonders of the world, Palm Jumeirah is a large man-made island that is located just off the coast from Dubai. This palm tree-shaped island is home to an exceptional collection of hotels, townhouses, luxury villas and apartment buildings. While offering state-of-the-art facilities and aesthetic views to inhabitants, Palm Jumeirah provides an exotic living and entertainment experience to tourists and residents throughout the year. From an array of chic cafes and gourmet restaurants to exciting entertainment and shopping facilities – this community is the most ideal for upscale living. Due to this, locals can easily find Palm Jumeirah apartments at affordable rates. In addition, Palm Jumeirah apartments for sale are good investment options for individuals that are looking to purchase good properties.

Developed by IFA Properties and now overlooked by NAKHEEL, Golden Mile 5 is one of the 10 residential buildings of the Golden Mile Complex. While being situated at the trunk of the Palm Jumeirah, this residence has a total of 11 floors that feature options of 1, 2, 3, 4 and 5-bedroom apartments that come with an array of facilities. From fine finishing and spacious rooms to walk-in balconies and closets.

Golden Mile 5 also offers multiple retail and restaurant facilities with some of the biggest brands in Dubai, such as Wagamama, Spinneys, Shakespeare and Fitness First. Since it is situated at the trunk of the Palm Jumeirah, it is surrounded by multiple quick-access spots, such as public transportation, convenience and entertainment.

Golden Mile 5 is a visionary project in Dubai that is a fusion of shopping, leisure facilities and living spaces. It not only offers an idyllic location but also amenities that include Jacuzzi tubs, walk-in closets, landscaped gardens, barbeque areas, swimming pool, gym and sauna/steam room. For maintaining utmost security, there are CCTV cameras and 24-hour security, along with an intercom system. These security measures are applied throughout the Golden Mile complex, even in the children’s play area. Aside from that, leisure facilities include high-speed elevators and 24-hour concierge and front-desk services.

For tourists and residents, Palm Jumeirah is a beautifully constructed island that features exotic facilities and outlook. Apartments in Golden Mile 5 are set to feature the luxury of spectating the clean blue waters of the Arabian Gulf, from the leisure of their balconies.

• A mid-rise project developed by IFA Properties
• Features 11 floors of 1, 2, 3, 4 and 5-bedroom apartments
• Offers amenities including Jacuzzi, barbeque area, swimming pool, gym and sauna
• Children’s play area included
• Located in Palm Jumeirah, Dubai
• Close to multiple restaurants, supermarkets and retails stores
• A few minutes away from The Lost Chambers Aquarium, The Pointe, Skydive Dubai, Dubai Marina Walk and Abdul Rahman Siddik Masjid

There is at least one allocated space for parking in Golden Mile 5 that is located in the basement. These slots are available as per apartment to owners and tenants. Visitors and guests and use the parking spaces in Hilton Hotel, Wagamama, and Shakespeare and co., all of which are located within 5 minutes away from this residence.

This building includes multiple high-speed elevators in Golden Mile 5 that follow international safety protocols.

Golden Mile 5 offers a state-of-the-art security system that includes 24-hour CCTV cameras that have been installed throughout the building’s most common-use sites. These areas are regularly monitored by security staff that are also available around the clock. Utilities in Golden Mile 6 are powered by DEWA.

Golden Mile 5 offers a wide barbecue area that can serve as a venue for weekend barbeques.

There is a fully-equipped gym in Golden Mile 5 along with a shared swimming pool, Jacuzzi, sauna and steam room.

Golden Mile 5 offers luxurious lifestyle facilities that range from fitness to leisure. Unlike most residential properties, it has a clubhouse where residents can spend their time to socialise with other guests or residents. Residents are also provided with a game room, private storage facility, landscaped gardens, and barbeque areas.

For fitness, Golden Mile 5 provides gym, swimming, jacuzzi, steam room and sauna facilities. For families, there is a well-constructed children’s play area called Playdates, located within this residence. Playdates is a café and a children’s play area that offers mouth-watering food and beverages while keeping children busy with exciting toys and activities. Residents can also take advantage of the barbeque area which can be used at any time of the day.

Golden Mile 5 offers 24-hour concierge services.

Golden Mile 5 is a pet-friendly residence that allows the furry friends to live, exercise and have fun.

Golden Mile 5 features a well-planned fire-fighting system along with intercom facilities for the safety of residents.

Golden Mile 5 offers 1, 2, 3, 4 and 5-bedroom apartments. Amenities offered by this building includes fitness facilities, a luxury shopping mall, a clubhouse and a marvellous view of the surroundings through balconies of the apartments. Apartment types in Golden Mile 5 include:

1-bedroom apartments in Golden Mile 5 have 1 bathroom, 1 powder room, a wide walk-in balcony and a kitchen which is adjacent to the living room. The living room can serve as a dining, work or guest area as it is conveniently connected to the balcony. There is 1 separate room which has a walk-in closet attached to it.

2-bedroom apartments in Golden Mile 5 have 2 bathroom(s), 1 powder room, a walk-in balcony, an open kitchen and built-in closets that have enough space for residents to walk-in. Each room has floor-to-ceiling windows that offer views of either landscaped gardens or sea.

3-bedroom apartments in Golden Mile 5 feature 3-4 bathrooms along with 1 powder room, kitchen, walk-in balcony and living area. In total, there are 3 spacious rooms that each come with walk-in closets. Some units even have separate maid-rooms.

4-bedroom apartments in Golden Mile 5 offer residents with either a duplex-style suite or a one-floor unit with a kitchen, walk-in balconies, a spacious living room and 4 separate rooms. These rooms come with walk-in closets for additional storage space. There are 3-4 bathrooms and 1 powder room for guests.

5-bedroom apartments in Golden Mile 5 come in either a duplex-style suite or one-floor apartment. It features a wide-open living room, a maid’s room, 1 powder room, 4 separate rooms with walk-in closets and kitchen space. There are also balconies attached to this suite.

Golden Mile 5 is one of the 10 buildings of the Golden Mile complex. Each apartment unit is provided with one underground parking space, fitness and spa facilities.

According to statistics, rental trends in Golden Mile 5 show that the rental price of apartments in Golden Mile 5 range from AED 110k to AED 120k. The details of these rental costs are:

• The annual rental price of 2-bedroom apartments in Golden Mile 5 ranges from AED 110k to AED 120k

All these apartments are available with area sizes ranging from 1,787 sq. ft. to 1,800 sq. ft. All individuals can benefit from numerous amenities provided by this residence.

According to the data found on Bayut.com, sales trends in Golden Mile 5 show that:

• The sale price of 2-bedroom apartments in Golden Mile 5 is AED 1.5M on average

All of these apartments are available with area sizes that measure 1,795 sq. ft. on average and come with an array of facilities that include underground parking space for residents.

There are several means of transportation near Golden Mile 5 which is available just minutes away from this residence. Transportation nearby includes bus stops, metro stations and tram stations. Some of them include:

Bus Stations near Golden Mile 5 include:

• Royal Mirage Hotel 2
• Royal Mirage Hotel 1
• Infotech, Dubai Internet City 1

Travellers and residents can use these buses to travel to many distant locations in Dubai or to nearby cities.

Metro Stations near Golden Mile 5 include:

• Mall of the Emirates
• First Abu Dhabi Bank
• Sharaf DG
• Dubai Internet City Metro Station 2

Among the many modes of transit in the city, metro trains are the fastest modes of transportation in the city to travel to key destinations.

Tram Stations near Golden Mile 5 include:

• Palm Jumeirah Monorail Station
• Internet City Tram Station
• Al Sufouh Tram Station

Al Sufouh station is one of the most convenient options available for the residents of Golden Mile 5. Other than these transit points, residents can also use Uber, taxi or Careem service.

Palm Jumeirah is home to multiple restaurants, leisure points and shopping areas. Some of the most popular Palm Jumeirah restaurants near Golden Mile 5 include:

• Wagamama
• Shakespeare & Co.
• Little Miss India
• Quattro Passi Ristorante, Italian Restaurant

Among the most well-known restaurants located around this residence, Shakespeare & Co. takes the cake for offering an excellent ambience and food menu. Based on a British tea-room styled theme, the restaurant is architecture to fulfil the aesthetic requirements of customers. This restaurant offers a wide range of Lebanese, Arabian, Italian and French recipes. It is also well-known for its delicious variety of French desserts. What’s more, is that the restaurant is located on the ground floor of this residence. The restaurant is open throughout the week from 7 am to 1 am.

Some of the most popular supermarkets near Golden Mile 5 include:

• Allday Fresh Supermarket
• Spinneys
• Waitrose
• Golden Mile Galleria

One of the best things about living in the Golden Mile complex is that has its own supply of restaurants, spa, shopping centres and retail outlets, all in the shape of Golden Mile Galleria. The mall has an abundance of restaurants and cafes for individuals and friends who just like to hang out over a cup of coffee. For groceries, residents can head to the grocery store within the mall, where there is an array of edible and non-edible items. The mall stays open throughout the week from 10 am to 10 pm.

Some of the major buildings near Golden Mile 6 are:

• One Palm by Omniyat
• Concord Tower
• Azure Residences

Among the buildings listed above, Concord Tower is a commercial building while Azure Residences is a residential complex near Golden Mile 5. One Palm by Omniyat is an apartment building that is situated just minutes away from Golden Mile 5.

Since it is a landmark itself, Palm Jumeirah is home to multiple tourist attractions. Some of the major landmarks near Golden Mile 5 are:

• The Lost Chambers Aquarium
• Aquaventure Waterpark
• Skydive Dubai
• The Pointe
• Dubai Marina Walk

Dubai Marina Walk is a well-known shopping and dining promenade in Jumeirah Beach Residence and Dubai Marina. The Marina Walk is a vibrant part of Dubai where tourists and residents gather, mingle, shop and dine. During the night, it is the centre of nightlife spots and flow of exciting activities for fun-seeking individuals.

While offering an abundance of facilities and exciting attractions, Golden Mile 5 also provides spacious apartments with walk-in closets and balconies that can make anyone’s luxury dreams come to life. All with very affordable rates and majestic views of the sea. One thing to consider is the parking issue which can easily be solved by parking additional vehicles in nearby malls or hotels. Due to the vast amount of amenities offered to residents, properties in Golden Mile 5 are popular among most Palm Jumeirah apartments for rent. Moreover, they are also a good choice for investment among the many apartments for sale in Palm Jumeirah.