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Golden Mile, Palm Jumeirah

Golden Mile, Palm Jumeirah

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Strengths

Luxurious amenities

Prime location

Community vibe

Weakens

High costs

Traffic congestion

Limited public transport

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Description

Golden Mile, Palm Jumeirah

Real Estate Overview

Building Overview

  • Golden Mile is a prestigious residential development located on the iconic Palm Jumeirah, an artificial archipelago known for its luxury living.
  • This building boasts a prime location with proximity to the beach, luxurious hotels, and high-end retail outlets.
  • It offers excellent connectivity to Dubai's main attractions, including the Dubai Marina and Downtown Dubai, via well-established road networks.

Properties Overview

  • Golden Mile features a diverse range of apartments, from one to four-bedroom units, catering to various lifestyles and preferences.
  • Rental prices typically range from AED 90,000 to AED 250,000 annually, depending on the unit size and amenities.
  • For those looking to purchase, sale prices can start from AED 1.5 million, reaching up to AED 5 million or more for premium units.

Market Trends

  • Over the past year, rental demand has seen a steady increase, with a focus on family-sized apartments.
  • The annual return on investment (ROI) for buyers in the Palm Jumeirah area averages around 5-7%, reflecting a robust market.
  • As the demand for prime waterfront properties continues to grow, prices are expected to rise further in the coming year.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • The vicinity includes several high-quality supermarkets including Spinneys and Carrefour.
  • Families will appreciate the nearby educational institutions such as The American School of Dubai and GEMS World Academy.
  • Healthcare facilities like Al Das Medical Clinic and Emirates Hospital are in close proximity, ensuring residents have access to excellent medical care.

Transportation and Accessibility

  • Golden Mile is well-served by public transportation options, including the Palm Jumeirah Monorail, which provides easy access to mainland Dubai.
  • The community is designed with ample parking spaces and straightforward access to major roadways, making commuting effortless.

Lifestyle Amenities

  • Residents can enjoy a range of lifestyle amenities, including private beaches, gyms, swimming pools, and landscaped parks.
  • The development features a variety of dining options, including fine dining restaurants and casual cafes, enhancing the living experience.
  • Outdoor activities abound, with the Palm Jumeirah Boardwalk offering leisure and recreational opportunities.

Builing Facilities

  • Well-maintained facilities include high-speed elevators, 24-hour security services, and central air conditioning.
  • Regular maintenance ensures that living conditions remain top-notch for all residents.

Special Services

  • Golden Mile offers concierge services to assist residents with various needs, as well as guest services for visitors.
  • Business centers are available for residents looking to work remotely or hold meetings.

Planning Your Move or Investment

Floor Plans and Property Types

  • The building offers well-designed floor plans that can accommodate individual preferences, featuring both open and closed layouts.
  • Options range from compact one-bedroom apartments to spacious four-bedroom family homes.

Things to Consider

  • Potential tenants and buyers should assess their needs regarding space, budget, and lifestyle preferences while choosing a unit.
  • Consider evaluating proximity to schools, supermarkets, and other essential services as part of the decision-making process.

Useful FAQs and Support

Events and Building Life

Building Events

  • Regular community events and gatherings foster a strong sense of belonging among residents, including seasonal festivities and outdoor movie nights.
  • Social opportunities are abundant, allowing residents to connect and form friendships.

Community Identity

  • Golden Mile stands out for its unique architectural design that complements the luxury waterfront lifestyle of Palm Jumeirah.
  • The building embodies a blend of modern living with a community-centric vibe, appealing to families and professionals alike.

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Detailed Buiding Insights

1. Family Friendliness

Golden Mile is designed with families in mind, offering playgrounds, parks, and spacious residential options that cater to children and parents alike.

Exceptionally Welcoming

2. Living Options

The community features a mix of apartment styles and sizes, from luxurious penthouses to cozy apartments, accommodating various lifestyle preferences.

Broadly Diverse

3. Safety And Security

With gated entrances, 24/7 security patrols, and advanced surveillance systems, Golden Mile ensures a high level of safety for all residents.

Remarkably Secure

4. Transportation

While public transport options are available, most residents find that personal vehicles are necessary for accessing nearby areas and attractions.

Moderately Convenient

5. Amenities And Facilities

Golden Mile boasts a variety of upscale amenities, including swimming pools, fitness centers, and beachfront access, enhancing the lifestyle experience.

Richly Equipped

6. Cost Of Living

While the cost of living can be on the higher side, it is balanced by the quality of life, amenities, and luxury that Golden Mile provides.

Relatively Balanced

7. Things To Do

Residents have access to an array of dining, shopping, and entertainment options, as well as recreational activities along the beach.

Vibrantly Diverse

8. Noise Levels

Most areas in Golden Mile are quiet and serene, providing a peaceful environment despite the proximity to vibrant leisure activities.

Generally Peaceful

9. Pet Friendliness

With pet-friendly policies and nearby parks, Golden Mile is a welcoming place for pet owners, offering ample space for walks and play.

Warmly Accommodating

Price Insights

Price Trends
2 Bedrooms apartments rented in Damac and Dubai Marina
Average Prices
This data displayed is based on properystellar last 12 months data.
Name Type Avg. Price (AED / year)
Villa (2Beds)
Sale
1.3M AED
Apartment (1Beds)
Sale
850K AED
Villa (3Beds)
Rent
168K AED

Map Overview

Park and Outdoor Fitness & Gym Hospital and Clinics Shopping Center and Groceries Restaurant & Cafeterias
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Schools

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Local Information

Buy:

259.8K AED - 351.7K AED

Rent:

21.5K AED - 32.3K AED

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