New Projects Community Insights Building Insights
Market AI
Resource

Buiding

/

Golden Mile 5, Palm Jumeirah

Golden Mile 5, Palm Jumeirah

Primary slide
Primary thumbnail
-

Strengths

Prime Location

High-Quality Amenities

Spacious Apartments

Weakens

High Maintenance Fees

Traffic Congestion

Limited Public Transport

Share your thought

We'd love to hear your thoughts on this property!

View Full Details

Description

Golden Mile 5, Palm Jumeirah

Real Estate Overview

Building Overview

  • Golden Mile 5 is a stunning residential building located on the iconic Palm Jumeirah, known for its luxury living and proximity to the beach.
  • The building boasts beautiful views of the sea and the horizon, complemented by lush landscaping and tropical surroundings.
  • Conveniently situated near major landmarks such as the Nakheel Mall, the Golden Mile Galleria, and various beachfront dining options.
  • Accessible via the Palm Monorail, making transport to the mainland and other parts of Dubai convenient.
  • Compared to other buildings in the Golden Mile series, Golden Mile 5 offers a unique blend of lifestyle and comfort, with a strong community feel.

Properties Overview

  • The building features a selection of studios, one, two, and three-bedroom apartments, catering to a diverse range of residents.
  • Real estate offerings in Golden Mile 5 have become quite popular, with spacious layouts and modern finishes.
  • Rental prices typically range from AED 80,000 to AED 150,000 annually, while sales prices can vary from AED 1.5 million to AED 3.2 million depending on the unit size and layout.
  • Highlights include penthouses with private terraces and stunning panoramic views.

Market Trends

  • Over the past year, rental prices in Palm Jumeirah have shown a steady increase, with an average annual growth rate of 5-8%.
  • Sales trends have also been favorable, reflecting increased demand for luxury properties due to the area's exclusive reputation.
  • Potential investors can expect a return on investment (ROI) of approximately 6-7%, making Golden Mile 5 a lucrative option.
  • The outlook for the coming year remains positive, with continued interest in luxury real estate in Dubai.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents have easy access to numerous schools, international nurseries, and healthcare facilities, including hospitals and clinics within a short drive.
  • Local supermarkets and grocery stores are conveniently situated, ensuring that basic daily needs are met with ease.

Transportation and Accessibility

  • The building is well-connected through public transport, including the Palm Monorail station nearby.
  • Ample parking space is available for residents and guests, enhancing accessibility to major roads and attractions in Dubai.

Lifestyle Amenities

  • Golden Mile 5 features an array of lifestyle amenities, including a fully-equipped gym, swimming pool, and recreational areas.
  • The area is dotted with trendy restaurants, cafes, and various outdoor activities, promoting an active lifestyle by the beach.

Builing Facilities

  • The building includes essential facilities such as high-speed elevators, 24/7 security, and centralized air conditioning.
  • Regular maintenance services ensure that the property remains in excellent condition, enhancing resident satisfaction.

Special Services

  • Exclusive concierge services provide residents with assistance for bookings and general inquiries.
  • Unique community features include guest services and business centers, tailored to meet both personal and professional needs.

Planning Your Move or Investment

Floor Plans and Property Types

  • A variety of floor plans are available for both renters and buyers, featuring options that cater to different lifestyle preferences and budgets.
  • Layouts include open-plan designs, multi-bedroom apartments, and luxurious penthouse options.

Things to Consider

  • Potential tenants and buyers should consider factors such as building amenities, proximity to schools and shops, and overall community vibe before making a decision.
  • It's advisable to review property management fees and local regulations regarding rentals.

Useful FAQs and Support

Events and Building Life

Building Events

  • Golden Mile 5 hosts regular community events, including social gatherings and seasonal celebrations, fostering a sense of belonging among residents.
  • The building often organizes activities that promote interaction, such as fitness classes and community clean-up days.

Community Identity

  • Golden Mile 5 is not just a place to live; it embodies a lifestyle of luxury and comfort, appealing to families and expatriates alike.
  • The building's design and amenities reflect the tranquil beachside living that Palm Jumeirah is renowned for.

See more

Detailed Buiding Insights

1. Family Friendliness

Golden Mile 5 is designed with families in mind, featuring spacious apartments, nearby schools, and parks, making it a highly sought-after area for family living.

Exceptionally Welcoming

2. Living Options

The community offers a wide range of living options, including luxury apartments and penthouses, catering to both families and individuals seeking upscale lifestyle choices.

Broadly Diverse

3. Safety And Security

With 24/7 security and surveillance systems in place, residents feel exceptionally safe, making it an ideal place for families and individuals alike.

Remarkably Secure

4. Transportation

While the availability of public transport is moderate, the area is well-connected by road networks, making commuting to other parts of Dubai relatively easy.

Moderately Convenient

5. Amenities And Facilities

The community features a plethora of amenities including pools, gyms, shopping areas, and dining options, enhancing the overall quality of life for residents.

Richly Equipped

6. Cost Of Living

Living in Golden Mile 5 comes with a premium cost due to its luxurious nature, but it offers substantial value in exchange for its amenities and location.

Relatively High

7. Things To Do

With a variety of dining, shopping, and leisure options, including beach access, Golden Mile 5 provides numerous activities that cater to diverse interests.

Vibrantly Diverse

8. Noise Levels

Despite the activity around, Golden Mile 5 maintains a serene atmosphere, with well-planned community spaces that buffer noise, providing a calm living environment.

Generally Peaceful

9. Pet Friendliness

The community is welcoming towards pets, with pet-friendly parks and nearby facilities, making it a great choice 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
Please wait..

Schools

All
Please wait..

Reviews

0 reviews

Explore AI

Discover homes with Stellar AI

Show me buildings near excellent schools
Show me buildings near excellent schools

AI Generated summaries

This section provides insights generated through AI analysis of various online platforms, ensuring you re

User Review Summary

Join our AI with your insights on [Building name]! Review and win [a prize]!, Your voice matters to our

Local Information

Buy:

248.5K AED - 301K AED

Rent:

22.2K AED - 34.9K AED

Similar Properties

Stellar AI

Beta - Demo

What can I help with?

Ask any question or choose one of the following:

AED

Beds

Baths

Applied Filters:

..............

See All Homes

We found homes in this area. Click the button below to see them all on our search page.

Loading Data...

Please Wait, it takes some time
AED

Beds

Baths

No Data Found

Unfortunately, we couldn't find any data matching your search criteria at this time.