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Ready building · Nakheel

Golden Mile 5, Palm Jumeirah

Highlights

Golden Mile 5 at a glance

About Golden Mile 5

Golden Mile 5 is a mixed-use building in Palm Jumeirah, Dubai, developed by Nakheel. It holds about 107 units: 1-bedroom apartments, 2-bedroom apartments, 3-bedroom apartments, 4-bedroom apartments, commercial units.

The building was completed in 2016 and has been in use for about 10 years. 6 units changed hands in the last 12 months, registered with the Dubai Land Department. Recent sales went through at a median of AED 1,876 per sq ft.

Golden Mile 5 is one of 148 buildings in Palm Jumeirah: 88 are complete and 22 are still being built.

In a nutshell

  • A mixed-use ready building
  • Located in Palm Jumeirah, Dubai
  • Developed by Nakheel
  • Completed in Q1 2016
  • Unit types: 1 Bed, 2 Beds, 3 Beds, 4 Beds, Commercial
  • Sizes from 190 to 10,220 sq ft
  • Service charge from AED 15.4 per sq ft
  • Nakheel metro station 2.4 km away
Status
Ready
Developer
Nakheel
Location
Palm Jumeirah, Dubai
Completed
Q1 2016
Unit types
1 Bed, 2 Beds, 3 Beds, 4 Beds, Commercial
Prices from
AED 1.0M
Median price per sq ft
AED 1,876
Median gross yield
4.3%
Service charge
AED 15.4 per sq ft (2018)
Nearest metro
Palm Jumeirah, 1.3 km

Building details

Inside Golden Mile 5

Properties in Golden Mile 5

1-bedroom apartments in Golden Mile 5

There are about 18 of these in Golden Mile 5, from 1,290 to 1,410 sq ft. None has sold recently enough to quote a price.

2-bedroom apartments in Golden Mile 5

There are about 42 of these in Golden Mile 5, from 1,790 to 2,600 sq ft. They have recently sold for a median of AED 3.8M, or AED 2,110 per sq ft.

3-bedroom apartments in Golden Mile 5

There are about 16 of these in Golden Mile 5, from 2,420 to 5,420 sq ft. They have recently sold for a median of AED 7.0M, or AED 1,790 per sq ft. Owners who resold made a median 28% over what they paid.

4-bedroom apartments in Golden Mile 5

There are about 7 of these in Golden Mile 5, from 3,950 to 10,220 sq ft. None has sold recently enough to quote a price.

Commercial units in Golden Mile 5

There are about 24 of these in Golden Mile 5, from 190 to 8,580 sq ft. None has sold recently enough to quote a price.

Unit types in Golden Mile 5 with sizes, median prices and rents
Unit typeUnitsSizeMedian priceMedian rent
1 Bed181,290 sqft119.8 sqmt – 1,410 sqft131 sqmtNo recent salesAED 110K
2 Beds421,790 sqft166.3 sqmt – 2,600 sqft241.5 sqmtAED 3.8MAED 197.5K
3 Beds162,420 sqft224.8 sqmt – 5,420 sqft503.5 sqmtAED 7M–
4 Beds73,950 sqft367 sqmt – 10,220 sqft949.5 sqmtNo recent sales–
Commercial24190 sqft17.7 sqmt – 8,580 sqft797.1 sqmtNo recent sales–

Recent transactions in Golden Mile 5

  • Golden Mile 5, Golden Mile

    Palm Jumeirah

    AED 5.8M

    AED 2,408 /sqftAED 25,919 /sqmt

    ReadyApartment
    2,421 sqft224.9 sqmt3 BedsOwner25 Sept 2026

  • Golden Mile 5, Golden Mile

    Palm Jumeirah

    AED 3.7M

    AED 1,961 /sqftAED 21,108 /sqmt

    ReadyApartment
    1,887 sqft175.3 sqmt2 BedsOwner19 Jan 2026

  • Golden Mile 5, Golden Mile

    Palm Jumeirah

    AED 7M

    AED 1,765 /sqftAED 18,998 /sqmt

    ReadyApartment
    3,966 sqft368.5 sqmt3 BedsOwner8 Jan 2026

  • Golden Mile 5, Golden Mile

    Palm Jumeirah

    AED 4M

    AED 2,222 /sqftAED 23,917 /sqmt

    ReadyApartment
    1,800 sqft167.2 sqmt2 BedsOwner15 Dec 2025

  • Golden Mile 5, Golden Mile

    Palm Jumeirah

    AED 9.5M

    AED 1,790 /sqftAED 19,267 /sqmt

    ReadyApartment
    5,306 sqft492.9 sqmt3 BedsOwner3 Dec 2025

  • Golden Mile 5, Golden Mile

    Palm Jumeirah

    AED 3.8M

    AED 2,111 /sqftAED 22,723 /sqmt

    ReadyApartment
    1,800 sqft167.2 sqmt2 BedsOwner7 Nov 2025

  • Golden Mile 5, Golden Mile

    Palm Jumeirah

    AED 3.8M

    AED 2,112 /sqftAED 22,733 /sqmt

    ReadyApartment
    1,799 sqft167.1 sqmt2 BedsOwner9 Jul 2025

  • Golden Mile 5, Golden Mile

    Palm Jumeirah

    AED 4.1M

    AED 2,285 /sqftAED 24,596 /sqmt

    ReadyApartment
    1,794 sqft166.7 sqmt2 BedsOwner3 Jul 2025

  • Golden Mile 5, Golden Mile

    Palm Jumeirah

    AED 4.9M

    AED 2,014 /sqftAED 21,679 /sqmt

    ReadyApartment
    2,421 sqft224.9 sqmt3 BedsOwner30 Jun 2025

  • Golden Mile 5, Golden Mile

    Palm Jumeirah

    AED 2M

    AED 1,530 /sqftAED 16,469 /sqmt

    ReadyApartment
    1,307 sqft121.4 sqmt1 BedOwner29 May 2025

  • Golden Mile 5, Golden Mile

    Palm Jumeirah

    AED 6.1M

    AED 1,126 /sqftAED 12,120 /sqmt

    ReadyApartment
    5,417 sqft503.3 sqmt3 BedsOwner6 May 2025

  • Golden Mile 5, Golden Mile

    Palm Jumeirah

    AED 3.8M

    AED 2,090 /sqftAED 22,497 /sqmt

    ReadyApartment
    1,794 sqft166.7 sqmt2 BedsOwner27 Mar 2025

  • Golden Mile 5, Golden Mile

    Palm Jumeirah

    AED 4M

    AED 2,223 /sqftAED 23,928 /sqmt

    ReadyApartment
    1,794 sqft166.7 sqmt2 BedsOwner13 Mar 2025

  • Golden Mile 5, Golden Mile

    Palm Jumeirah

    AED 9.7M

    AED 2,074 /sqftAED 22,324 /sqmt

    ReadyApartment
    4,677 sqft434.5 sqmt4 BedsOwner24 Jan 2025

  • Golden Mile 5, Golden Mile

    Palm Jumeirah

    AED 2.8M

    AED 1,444 /sqftAED 15,543 /sqmt

    ReadyApartment
    1,939 sqft180.1 sqmt2 BedsOwner15 Oct 2024

  • Golden Mile 5, Golden Mile

    Palm Jumeirah

    AED 3M

    AED 1,667 /sqftAED 17,943 /sqmt

    ReadyApartment
    1,800 sqft167.2 sqmt2 BedsOwner25 Jun 2024

  • Golden Mile 5, Golden Mile

    Palm Jumeirah

    AED 2M

    AED 1,561 /sqftAED 16,802 /sqmt

    ReadyApartment
    1,288 sqft119.7 sqmt1 BedOwner3 Apr 2024

  • Golden Mile 5, Golden Mile

    Palm Jumeirah

    AED 2.7M

    AED 1,493 /sqftAED 16,071 /sqmt

    ReadyApartment
    1,808 sqft168 sqmt2 BedsOwner14 Mar 2024

  • Golden Mile 5, Golden Mile

    Palm Jumeirah

    AED 3.1M

    AED 1,734 /sqftAED 18,665 /sqmt

    ReadyApartment
    1,788 sqft166.1 sqmt2 BedsOwner2 Jan 2024

  • Golden Mile 5, Golden Mile

    Palm Jumeirah

    AED 5.4M

    AED 1,155 /sqftAED 12,432 /sqmt

    ReadyApartment
    4,677 sqft434.5 sqmt4 BedsOwner27 Nov 2023

  • Golden Mile 5, Golden Mile

    Palm Jumeirah

    AED 110K/yr

    ApartmentNew contract
    1,307 sqft121.4 sqmt1 Bedto

  • Golden Mile 5, Golden Mile

    Palm Jumeirah

    AED 110K/yr

    ApartmentNew contract
    1,307 sqft121.4 sqmt1 Bedto

  • Golden Mile 5, Golden Mile

    Palm Jumeirah

    AED 110K/yr

    ApartmentNew contract
    1,307 sqft121.4 sqmt1 Bedto

  • Golden Mile 5, Golden Mile

    Palm Jumeirah

    AED 245K/yr

    ApartmentNew contract
    1,788 sqft166.1 sqmt2 Bedsto

  • Golden Mile 5, Golden Mile

    Palm Jumeirah

    AED 150K/yr

    ApartmentNew contract
    1,788 sqft166.1 sqmt2 Bedsto

Every sale in Golden Mile 5Every rent contract in Golden Mile 5

Service charges in Golden Mile 5

The 2018 service charge in Golden Mile 5 is AED 15.4 per sq ft for homes. It is paid yearly by the owner, covers upkeep, security and shared areas, and is set by the building’s owners association and registered with the Dubai Land Department.

Service charges in Golden Mile 5
Unit typeRate per sq ftSizeYearly charge
1 Bed Apartment (2018)AED 15.41,290 sqft119.8 sqmt – 1,410 sqft131 sqmtAED 19,866 – AED 21,714
2 Beds Apartment (2018)AED 15.41,790 sqft166.3 sqmt – 2,600 sqft241.5 sqmtAED 27,566 – AED 40,040
3 Beds Apartment (2018)AED 15.42,420 sqft224.8 sqmt – 5,420 sqft503.5 sqmtAED 37,268 – AED 83,468
4 Beds Apartment (2018)AED 15.43,950 sqft367 sqmt – 10,220 sqft949.5 sqmtAED 60,830 – AED 157,388

Source: Dubai Land Department service charge index. Rates are reviewed each year.

Nearby amenities

Around Golden Mile 5

Transportation near Golden Mile 5

The nearest Dubai Metro station from Golden Mile 5 is Nakheel (red line, 2.4 km, about 7 min drive), then Dubai Internet City (red line, 2.8 km, about 8 min drive). Stations planned on new lines nearby include Palm Jumeirah (orange line, 1.3 km, about 5 min drive) and Media City (orange line, 1.6 km, about 5 min drive). Most residents will drive or take a taxi to the metro.

  • Palm JumeirahOrange line · 1.3 km · about 5 min drive
  • Media CityOrange line · 1.6 km · about 5 min drive
  • Knowledge VillageOrange line · 1.6 km · about 5 min drive
  • Mina SeyahiOrange line · 1.9 km · about 6 min drive
  • Al SufuohOrange line · 1.9 km · about 6 min drive
  • Marina TowersOrange line · 2.4 km · about 7 min drive

Shopping and groceries near Golden Mile 5

The closest is Limited retail along Shoreline Apartments, 0.2 km from Golden Mile 5 (about 2 min walk).

  • Limited retail along Shoreline ApartmentsShopping Mall · 0.2 km · about 2 min walk
  • Spinneys / Emaar Towers, Dubai MarinaSupermarket · 2.4 km · about 7 min drive
  • Marina WalkShopping Mall · 2.6 km · about 7 min drive
  • The PointeShopping Mall · 3.2 km · about 8 min drive
  • Al Maya / Bahar 6, Jumeirah Beach ResidenceSupermarket · 3.5 km · about 9 min drive

Restaurants and hotels near Golden Mile 5

The closest is Oceana, The Palm Jumeirah, 0.6 km from Golden Mile 5 (about 7 min walk).

  • Oceana, The Palm JumeirahHotel · 0.6 km · about 7 min walk
  • The Residences, Palm JumeirahHotel · 0.7 km · about 8 min walk
  • Marina View Deluxe Hotel ApartmentHotel · 1.3 km · about 5 min drive
  • One&Only Royal MirageHotel · 1.3 km · about 5 min drive
  • Lotus Hotel Apartments & Spa - MarinaHotel · 1.4 km · about 5 min drive

Hospitals and clinics near Golden Mile 5

The closest is Mediclinic - Al Sufouh, 1.7 km from Golden Mile 5 (about 5 min drive).

  • Mediclinic - Al SufouhHospital · 1.7 km · about 5 min drive
  • Cosmesurge & Emirates HospitalHospital · 2.5 km · about 7 min drive
  • Dr Marc Mueller VIP ClinicHospital · 2.5 km · about 7 min drive
  • Armada Medical CentreHospital · 3.7 km · about 9 min drive
  • Saudi German HospitalHospital · 4 km · about 10 min drive

Parks and leisure near Golden Mile 5

The closest is JBR Beach, 3.6 km from Golden Mile 5 (about 9 min drive).

  • JBR BeachPark · 3.6 km · about 9 min drive

Schools near Golden Mile 5

The nearest is Icademy Middle East Fz.Llc, 1.6 km away. Ratings are the KHDA's latest inspection grades.

  • Icademy Middle East Fz.LlcAmerican · KHDA: Not inspected yet · 1.6 km
  • Dubai CollegeUK · KHDA: Outstanding · 2.3 km
  • The International School of ChoueifatSABIS (UK/US) · KHDA: Acceptable · 2.6 km
  • GEMS Dubai American Academy - Dubai BranchAmerican - International Baccalaureate · KHDA: Outstanding · 3.5 km
  • Regent International Private School L.L.CUK · KHDA: Very good · 3.6 km
  • American School DubaiAmerican · KHDA: Good · 3.7 km

Other buildings in Palm Jumeirah

Palm Jumeirah has 148 buildings. A few others to compare Golden Mile 5 with:

All 148 Palm Jumeirah buildings →

Things to consider about Golden Mile 5

In its favour

  • Owners who resold have made money: a median gain of up to 28%.
  • Ready to move into or let, with no construction risk.
  • Several schools within 3 km.

Worth checking

  • Few sales each year, so a resale can take longer and prices move on a handful of deals.
  • The nearest running metro station is 2.4 km away, so a car helps.

Specialists

Brokers who know Golden Mile 5

These brokers handle sales and lettings in Golden Mile 5 and can tell you what is available now.

FAQs

Golden Mile 5: questions answered

Golden Mile 5 was developed by Nakheel in Palm Jumeirah.

Golden Mile 5 is completed in Q1 2016.

Across its 20 most recent registered sales, Golden Mile 5 sold for a median of AED 1,876 per sq ft and AED 3.9M per unit.

Recent yearly contracts in Golden Mile 5 have a median rent of AED 110.0K.

The median gross yield on recently sold units in Golden Mile 5 is 4.3%: the rent the unit earned over its purchase price, before costs.

The 2018 service charge for residential units in Golden Mile 5 is AED 15.4 per sq ft a year, as registered with the Dubai Land Department.

Golden Mile 5 has 1 Bed (1,290 to 1,410 sq ft), 2 Beds (1,790 to 2,600 sq ft), 3 Beds (2,420 to 5,420 sq ft), 4 Beds (3,950 to 10,220 sq ft), Commercial (190 to 8,580 sq ft).

Palm Jumeirah is about 1.3 km from Golden Mile 5.

The nearest schools include Icademy Middle East Fz.Llc (1.6 km), Dubai College (2.3 km), The International School of Choueifat (2.6 km).

Buying, selling or renting in Golden Mile 5?

A broker who works Palm Jumeirah will tell you what is available and what comparable homes went for.

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