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Golden Mile 7, Palm Jumeirah

Golden Mile 7, Palm Jumeirah

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Strengths

Prime Location

High-Quality Construction

Excellent Community Features

Weakens

High Property Prices

Traffic Congestion

Limited Public Transport

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Description

Golden Mile 7, Palm Jumeirah

Real Estate Overview

Building Overview

  • Golden Mile 7 is a prestigious residential tower located on the iconic Palm Jumeirah, renowned for its stunning views and premium lifestyle.
  • This building offers easy access to luxurious amenities, including waterfront dining, high-end shopping, and vibrant nightlife.
  • Residents benefit from proximity to key landmarks like the Atlantis Hotel and the Nakheel Mall, enhancing both accessibility and entertainment options.

Properties Overview

  • The development features a range of stylish apartments, including one, two, and three-bedroom units, appealing to diverse tenant and buyer demographics.
  • Currently, rental rates for one-bedroom apartments typically start around AED 150,000 annually, while three-bedroom units can exceed AED 300,000.
  • For purchasing, prices generally range from AED 1.5 million for one-bedroom units to upwards of AED 4 million for larger apartments.

Market Trends

  • The real estate market in Palm Jumeirah is showing strong demand, with rental prices experiencing a steady increase of about 5% over the past year.
  • Sales trends indicate a recovering market with a focus on luxury properties, leading to an estimated high return on investment (ROI) of around 7% for buyers.
  • Future expectations point to continued growth, driven by the influx of expatriates and sustained interest in luxury living.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Nearby essential services include upscale supermarkets, international schools, and world-class healthcare facilities like the Mediclinic and Emirates Hospital.
  • Residents enjoy convenient access to parks and recreational areas, perfect for families and outdoor enthusiasts.

Transportation and Accessibility

  • Golden Mile 7 is well-connected via Palm Trams and taxis, offering seamless transportation across the Palm and into the mainland.
  • The building provides ample parking spaces, enhancing accessibility for residents and their guests.

Lifestyle Amenities

  • Residents can delight in on-site amenities including swimming pools, fully-equipped gyms, and beautiful landscaped gardens.
  • Culinary enthusiasts will appreciate the proximity to fine dining restaurants and beach clubs, delivering an extravagant lifestyle.

Builing Facilities

  • The building boasts modern facilities, including multiple high-speed elevators, 24-hour security, and central air conditioning.
  • Dedicated maintenance services ensure a high standard of living for all residents.

Special Services

  • Golden Mile 7 offers concierge services, assisting residents with various needs such as housekeeping and travel arrangements.
  • Business centers within the building provide professional environments for remote work or meetings.

Planning Your Move or Investment

Floor Plans and Property Types

  • A selection of various floor plans is available, catering to different lifestyles, from spacious apartments with open layouts to cozy one-bedroom options.

Things to Consider

  • Potential residents and buyers should evaluate aspects such as community atmosphere, property management reputation, and available amenities before making a decision.

Useful FAQs and Support

Events and Building Life

Building Events

  • Golden Mile 7 hosts regular community events, allowing residents to build relationships and enjoy social interactions.
  • Occasional seasonal celebrations and themed gatherings enhance the vibrant living experience.

Community Identity

  • Recognized for its architectural elegance and luxurious lifestyle, Golden Mile 7 embodies the true essence of upscale living on Palm Jumeirah.
  • The building fosters a close-knit community atmosphere, making it a desirable place for families and professionals alike.

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Detailed Buiding Insights

1. Family Friendliness

Golden Mile 7 is known for its spacious apartments and proximity to parks and leisure areas, making it a great choice for families looking for a safe and enjoyable environment for their children.

Exceptionally Welcoming

2. Living Options

The community offers a mix of modern apartments ranging from one-bedroom to more spacious family units, catering to various lifestyle needs and preferences.

Broadly Diverse

3. Safety And Security

With 24/7 security presence and controlled access points, Golden Mile 7 provides residents with a high sense of safety and security.

Remarkably Secure

4. Transportation

While Golden Mile 7 is well-connected through local roads and public transport, traffic can be an issue during peak hours, impacting overall convenience.

Moderately Convenient

5. Amenities And Facilities

The community boasts several amenities such as swimming pools, gyms, retail shops, and dining options, ensuring residents have everything they need within reach.

Richly Equipped

6. Cost Of Living

The cost of living in Golden Mile 7 is competitive for its location on Palm Jumeirah, providing good value for the high-quality lifestyle it offers.

Relatively Balanced

7. Things To Do

Residents enjoy a wide array of activities, including beach access, upscale shopping, fine dining, and recreational activities that appeal to both families and individuals.

Vibrantly Diverse

8. Noise Levels

Despite being a popular area, Golden Mile 7 maintains a peaceful ambiance, away from the hustle and bustle, making it conducive for relaxation.

Generally Peaceful

9. Pet Friendliness

The community is quite pet-friendly, offering ample open spaces for pets to roam and several nearby parks, which is a plus for pet owners.

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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Local Information

Buy:

245.7K AED - 306.1K AED

Rent:

21.5K AED - 33.1K AED

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