Golden Mile, Palm Jumeirah

Golden Mile, Palm Jumeirah

HIGHLIGHTS

About Golden Mile

One of the most anticipated projects in Dubai, Golden Mile is a residential complex of 10 towers most popular for the retail centre featuring restaurants and modern lifestyle facilities. Developed by IFA Hotels and Resorts, the project lies on the trunk of Palm Jumeirah and is now managed by a renowned real estate company, Nakheel Properties. Its location offers convenience to the residents and travellers who seek proximity to Downtown and Dubai Marina. Golden Mile, Palm Jumeirah is also accessible for those travelling from Abu Dhabi. Besides a variety of residential apartments, there are 70 commercial spaces including shops and offices.

buildings in Golden Mile
Golden Mile is a residential complex of 10 towers

IN A NUTSHELL

  • Residential complex in Palm Jumeirah
  • Ten, 11-storey mid-rise buildings
  • A wide range of accommodation options
  • Features a community centre, Golden Mile Galleria
  • Located on the western trunk of the community
  • Direct access to Downtown Dubai and Dubai Marina

BUILDING DETAILS

Facilities in Golden Mile

Golden Mile Galleria
The community centre, Golden Mile Galleria

Parking

cars parked in Golden Mile
Golden Mile buildings have a well-maintained parking

Parking in Golden Mile is not an issue. The complex has a dedicated parking area in the basement for residents and guests featuring around 1,600 underground spaces. You can find street parking next to the complex.

Elevators

Multiple high-speed elevators are available.

Security, Central Air-Conditioning and Maintenance Services 

Golden Mile has manned security and CCTV surveillance. All the apartments and floors are well-maintained and temperature-controlled via Empower's district cooling services.

Gym and Fitness Facilities 

Residents get access to the clubhouse with private membership. There is a gym in Golden Mile, a Jacuzzi, swimming pool as well as spa and sauna facility. Moreover, those who like evening strolls can go to the landscaped garden.

Lifestyle Amenities

Residents enjoy many lifestyle amenities including barbeque area, a children's play area and retail centre within the complex. Besides, Golden Mall Galleria is a major highlight featuring international restaurants, a fitness centre, Spinneys Supermarket, a medical centre and two nurseries.

Concierge and Guest Services 

A 24-hour concierge is available. First-time visitors or guests can communicate via intercom and wait in the well-maintained lobby.

Golden Mile Floor Plans 

There are two types of units on a typical floor, premium and duplex. Bayut has worked on creating 2D and 3D formats of floor plans for Golden Mile. You can easily view the type of apartment you are interested in.

Apartment Types in Golden Mile

There are 178 ready apartments in Golden Mile, Dubai varying from 1 to 3-bed units and penthouses. The project offers modern interiors and fittings including walk-in closets, Jacuzzi tubs and rain showers. Each unit features ceramic flooring and double-glazed windows.

The complex has 95% occupancy while many units are still up for rent and sale. Moreover, there are some 2-storey townhouses as well.

parking in golden mile
Each apartment is allotted one spot for parking 

1-Bedroom Apartments in Golden Mile

1-bedroom flats in Golden Mile, Palm Jumeirah range from 1,098 sq. ft. to 1,109 sq. ft. The floor plan includes a master bedroom with en-suite bathroom, a living hall and a modern kitchen. Besides, each unit has a spacious balcony. These apartments are ideal for anyone looking for an apartment with views of the sea.

2-Bedroom Apartments in Golden Mile 

2- bedroom flats in Golden Mile range from 1,540 sq. ft. to 1,572 sq. ft. excluding the balcony. The floor plan includes two spacious bedrooms with en-suite bathrooms, a living hall connected to the balcony, and an open or closed kitchen. Kitchens have installed appliances and bathrooms are well fitted with quality products. 

3-Bedroom Apartments in Golden Mile 

You can also move to 3-bedroom apartments in The Golden Mile, Dubai. These units span around 2,034 sq. ft. to 3,144 sq. ft. The floor plan includes three spacious bedrooms, a living hall and kitchen and a balcony. Like other units in the complex, 3-bed flats have built-in wardrobes and extra storage space.

Penthouses in Golden Mile 

Penthouses in Golden Mile usually span over 5,300 sq. ft. of an area. Some of these units are double-storeyed featuring a big starlit terrace. Rest of the amenities, fixtures and sanitary fittings are the same.

Most Popular Apartment Types in Golden Mile

  • 1-Bed
  • 2-Bed
  • 3-Bed
  • 0
  • 20%
  • 40%
  • 60%
  • 80%

Based on searches conducted by users on Bayut.com over the past 6 months

1-bed unit is most popular leading with 47.6% views on the website. These units are followed by 2-bed apartments at 26.9%. Last on the list are 3-bedroom flats, closely following 2-bedroom apartments with 25.5% views.

Rental Trends in Golden Mile

If you’re looking for affordable flats in a serene setting, you can consider Golden Mile apartments for rent.

Whereas, a 3-bed unit costs around AED 200k. Annual rents vary based on the covered area and the floor the unit is built on. You can also compare the cost with neighbouring projects.

Sale Trends in Golden Mile

Prices of apartments for sale in Golden Mile are also not too high as compared to other properties in the community.

Whereas, buying 3-bedroom apartments in Golden Mile can cost around AED 2.37M to AED 3M. 

Rental Yield in Golden Mile

  • 1-Bed
  • 2-Bed
  • 3-Bed
  • 0
  • 2%
  • 4%
  • 6%
  • 8%

Based on searches conducted by users on Bayut.com over the past 6 months

2-bedroom flats generated the highest, 7.5% returns on investment. Next, 1-bedroom apartments follow with 7.4% ROI while 3-bedroom apartments round up the list with a 6.9% yield.

Service Charges in Golden Mile

GENERAL FUND
PRICES PER SQ. FT. IN AED
GENERAL FUND
Services
PRICES PER SQ. FT. IN AED
2.42
GENERAL FUND
Maintenance
PRICES PER SQ. FT. IN AED
1.85
GENERAL FUND
Utilities Services
PRICES PER SQ. FT. IN AED
6.86
GENERAL FUND
Management Services
PRICES PER SQ. FT. IN AED
1.09
GENERAL FUND
Insurance
PRICES PER SQ. FT. IN AED
0.18
GENERAL FUND
Master Community
PRICES PER SQ. FT. IN AED
0.88
GENERAL FUND
Total Rate
PRICES PER SQ. FT. IN AED
13.28
ADJUSTMENTS
PRICES PER SQ. FT. IN AED
ADJUSTMENTS
Adjustment
PRICES PER SQ. FT.
2.12
ADJUSTMENTS
Total
PRICES PER SQ. FT.
2.12

These are the service charges for Golden Mile* as per the Dubai Land Department. The service charges index gives details for different communities and projects. It is recommended to read the complete guide if you're interested in buying properties in Dubai.

*Please note that these service charges are subject to changes.

NEARBY AMENITIES

Transportation near Golden Mile

One need not worry about the options for transportation near Golden Mile because the project is right at the western trunk from where the monorail link starts servicing. Residents can easily travel around the area all the way to Palm Atlantis and back home.

golden mile tram station
Golden Mile Tram Station

Restaurants near Golden Mile 

Residents are never out of options to eat out as there are many restaurants on the Palm Dubai in Golden Mile Galleria such as:

  • Burger Fuel
  • Beyond The Beach
  • Shakespeare and Co. 
  • Wagamama
  • Nando’s
restaurant near golden mile Shakespeare and co
Pleasant outdoor setting at Shakespeare and Co.

Other cafes and restaurants near Golden Mile include:

  • The Coffee Club
  • RAS Beach Vibes Lounge
  • Breeze Beach Grill

One can access these eateries within a few minutes.

Supermarkets near Golden Mile

There is a Spinney's outlet in the Golden Mile Galleria. Therefore, residents hardly feel the need to go anywhere else. Still, a number of supermarkets near Golden Mile deserve a mention. These include:

  • All-Day fresh Supermarket
  • Quick Buy – Tiara Residence
  • All-day mini mart – Manhal

All these options are also only a short drive away.

Nearby Buildings

  • Palma Residences
  • The Fairmont Palm South Residence
  • Marina Residence

The complex is close to residential buildings including Marina Residence, The Fairmont Palm South Residence and Palma Residences on the opposite side of the trunk.

Major Landmarks

Golden Mile itself is a popular destination mainly due to the retail centre. It is also easily accessible from these hotels:

  • Five Palm Jumeirah
  • Fairmont The Palm
  • Atlantis The Palm

Moreover, family-favourite leisure points, Aquaventure and The Lost Chambers Aquarium are only 11 minutes away.

atlantis the palm, landmark near golden mile
Atlantis The Palm

THINGS TO CONSIDER

Due to the ongoing construction, it is hard to get an apartment that offers views of the beach or Dubai Marina. However, properties in the Golden Mile, Dubai are relatively more affordable. There are suitable properties for investors of Palm Jumeirah apartments for sale. Also, home-hunters looking for contemporary Palm Jumeirah apartments for rent can find a range of options here.

Are you looking to buy or rent apartments in Golden Mile?
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