Golden Mile 8, Palm Jumeirah
About Golden Mile 8
Golden Mile 8 is located in the biggest man-made island calledPalm Jumeirah. This area has been designed in the shape of a palm tree having fourteen fronts, a trunk and a crescent. The whole area offers luxury living apartments and villas to the locals of Dubai. This area is mostly popular for offering a clear sea view from the balconies of the buildings. Locals can easily findPalm Jumeirah apartments for rent at attractive prices. Moreover,apartments for sales in Palm Jumeirah are good investment opportunities.
Golden Mile 8 is a part of the Golden Mile complex. This tower consists of 11 floors and offers 1, 2 and 3-bedroom apartments and penthouses to its residents. It was developed by Ifa Hotels & Resorts. Golden Mile 8 offers luxurious lifestyle and amenities to the locals of Dubai. Atlantis, The Palm is located at a distance of a few minutes from this building.
IN A NUTSHELL
- Developed by Ifa Hotel & Resorts
- One of 10 interconnected buildings
- Situated at the trunk of Palm Jumeirah
- 11-storey high
Facilities in Golden Mile 8
Golden Mile 8 offers secure parking spaces in its basement levels. Residents of this building receive allocated parking spaces.
There are high-speed elevators in Golden Mile 8. These elevators are installed in compliance with international standards of safety.
Security, Central Air Conditioning and Maintenance Services
For the purpose of security, Golden Mile 8 is well-equipped with CCTV cameras and security staff. All the common-use sites of this building are regularly monitored. This building also receives regular maintenance services. Utilities of Golden Mile 8 are powered by DEWA.
Gym and Fitness Facilities
There is a gym in Golden Mile 8. Other fitness and wellness facilities include a sauna facility, steam room and a swimming pool. Residents can take advantage of these facilities at any time of the day.
Offering a peaceful environment and a refreshing atmosphere, Golden Mile 8 is located at the trunk of the Palm Jumeirah, the area that is popular for its luxury lifestyle. This building offers a clear sea view and garden view through the balconies of its apartment units. With spacious rooms, residents can take benefit of its game room, fitness facilities and kids’ play area. Residents can also take advantage of its close proximity to Golden Mile Galleria and some major landmarks of Dubai.
Concierge and Guest Services
Golden Mile 8 features round the clock concierge and guest services. No matter what issue you come across, you can always find a person to assist you on the front desk of the building.
Pets are allowed in Golden Mile 8. This area is pet-friendly which opens up several opportunities for pet-owners. If you have a little furry friend, you can spend quality time with them in nearby parks.
Golden Mile 8 offers a barbecue area to its residents. There is a shared clubhouse which residents can utilize to socialize with each other.
For the purpose of security, Golden Mile 8 has a firefighting system installed along with intercom facility. These amenities can be used in case of an emergency.
Apartment Types in Golden Mile 8
Golden Mile 8 offers 1, 2 and 3-bedroom apartments and penthouses. All these apartments are available with sizes ranging from 612 sq. ft. to 3,932 sq. ft. Residents can enjoy the majestic sea view and several other amenities offered by this complex.
1-Bedroom Apartments in Golden Mile 8
1-bedroom apartments in Golden Mile 8 have two bathrooms, an open kitchen, a living room, and built-in wardrobes. There is a shaded balcony in these apartments which offers a clear view of the gardens and the sea.
2-Bedroom Apartments in Golden Mile 8
2-bedroom Apartments in Golden Mile 8 have two en-suite bedrooms, an open kitchen, a living room, and built-in wardrobes. This type of apartments also comes with a maid room which has its own bathroom. The average area size of these apartments is 1,806 sq. ft.
3-Bedroom Penthouses in Golden Mile 8
3-bedroom penthouses in Golden Mile 8 have an average size of 3,932 sq. ft. It consists of 3-ensuite bedrooms, an open living room and a balcony. All bedrooms have their own balconies separate from each other, offering a marvellous view of the sea. These penthouses also feature walk-in wardrobes.
Most Popular Apartment Types in Golden Mile 8
Based on searches conducted by users on Bayut.com over the past 6 months
According to the search data collected from Bayut.com, the most popular bed type in Golden Mile 8 is a 2-bed apartment that ranks first. This popularity in apartment types is followed by 1-bedroom apartments in Golden Mile 8 that ranks second.
Rental Trends in Golden Mile 8
According to research conducted by Bayut.com, rental trends show that the rental price of apartments in Golden Mile 8 range from AED 80k to AED 125k. The details of these rental prices are:
- For 1-bedroom rental apartments in Golden Mile 8, the average price is AED 80k
- For 2-bedroom rental apartments in Golden Mile 8, the average price is AED 125k
- For 3-bedroom rental penthouses in Golden Mile 8, the average price is AED 235k
All these apartments are available with sizes ranging from 612 sq. ft. to 3,932 sq. ft. Residents can take advantage of numerous amenities and facilities offers by the complex.
Sales Trends in Golden Mile 8
According to research conducted by Bayut.com, sales trends show that the sales price of apartments in Golden Mile 8 range from AED 1.25M to AED 1.4M.
- The average sales price of studio apartments is AED 1.4M
- Sales prices of 1-bedroom apartments range from AED 1.25 M to AED 1.3M
Apartments in Golden Mile 8 vary in area size. For studio apartments, the average area size is 612 sq. ft. For 1-bedroom apartments, the area size range from 1,289 sq. ft. to 1,313 sq. ft. For 2-bedroom apartments, the average area size is 1,806 sq. ft. For 3-bedroom penthouses, the average area size is 3,932 sq. ft.
Rental Yield in Golden Mile 8
Based on searches conducted by users on Bayut.com over the past 6 months
Golden Mile 8 offers property investors a risk-free profit on investments. Apartments in this complex have a good rate of ROI. The 1-bedroom units offer an ROI of 6.3% while 2-bedroom units offer 5.5%.
Transportation near Golden Mile 8
Popular modes of public transportation near Golden Mile 8 include:
Bus Stops near Golden Mile 8
- Royal Mirage Hotel 1 Bus Stop (6 minutes away)
- Infotech, Dubai Internet City 1 Bus Stop (5 minutes away)
- Royal Mirage Hotel 2 Bus Stop (7 minutes away)
Metro Station near Golden Mile 8
- Nakheel Metro Station (10 minutes away)
- Dubai Internet City Metro Station 2 (10 minutes away)
- Damac Properties Metro Station (10 minutes away)
Tram Station near Golden Mile 8
- Palm Jumeirah Monorail Station(9 minutes away)
- Knowledge Village Tram Station (6 minutes away)
- Al Sufouh Tram Station (5 minutes away)
For transportation purposes, tram stations are the best option available to the residents of this building. Taxi services and Uber are also available in this area.
Restaurants near Golden Mile 8
Some of the most popular restaurants on the Palm Dubai near Golden Mile 8 are:
- Il Faro Trattoria & Lounge (6 minutes away)
- Asian Kitchen (6 minutes away)
- Bidi Bondi (4 minutes away)
Offering a beachfront dining experience, Asian Kitchen is located only a few minutes away from this building. Its Asian fusion cuisine is quite popular among the locals. The staff is friendly and the décor is pleasant. The restaurant serves a variety of Asian cuisines to its customers.
Supermarkets near Golden Mile 8
Some of the most popular supermarkets near Golden Mile 8 include:
- Spinneys (5 minutes away)
- Nakheel Mall (7 minutes away)
- Golden Mile Galleria (2 minutes away)
The nearest and most convenient option available to residents is Golden Mile Galleria. This shopping mall offers a wide range of products. Whether you are looking for a body massage service, famous eateries or clothing brands, this shopping mall has it all for you. Another premium shopping spot is Nakheel Mall which is located only a few minutes away from this building. It has 350 retail outlets and multiple restaurants.
Some of the major buildings near Golden Mile 8 are:
- Golden Mile 1 (2 minutes away)
- Golden Mile 6 (1 minute away)
- Golden Mile 3 (3 minutes away)
Golden Mile 1, 6 and 3 are a part of Golden Mile Complex. These buildings are located right next to each other, forming a cluster. They share the amenities offered by this complex.
Major landmarks near Golden Mile 8 include:
- Atlantis, The Palm (8 minutes away)
- Aquaventure Waterpark (8 minutes away)
- Sea Lion Point (9 minutes away)
Atlantis, The Palm, is a famous luxury resort in Dubai. It is quite popular due to the beachfront luxury living experience it offers to its guests. This resort is located at the crescent of Palm Jumeirah and offers a clear sea view to its guests. It opened its gates back in 2008 and has hosted many scenes from popular movies and TV shows. Aquaventure Waterpark and Sea Lion Point are leisure activities sport located just a few minutes away from Golden Mile 8.
THINGS TO CONSIDER
Residents of Golden Mile 8 enjoy spacious parking spaces and other amenities offered by the complex. This building offers optimal security along with a pleasant and refreshing environment. The only problem that residents may face is the lack of public transportation in the area. Monorails can be utilized for transportation purposes instead.