Golden Mile 1
A 2 bed in Golden Mile 1 costs a median AED 3.74M and rents long-let for AED 185,000/yr.
2 bed · typical price
3.74MAED
AED 1,943/sqft
- Rent a year
- AED 185,000
- vs Palm Jumeirah
- 29% below the median
Cost to buy, all inAED 3.97M
- Price
- AED 3.74M
- DLD fee 4%
- AED 149,500
- Agent 2% + VAT
- AED 78,488
- Trustee
- AED 4,200
Fees repaid by rent15 months
Is Golden Mile 1 a good investment?The rent pays below the Dubai median
- Does it pay a good rent?4.5% gross, before the service charge (not on file) (Dubai median 6.8%)4.5%Watch
- Are rents going up?New 2 bed leases: AED 205,000 a year ago, AED 185,000 now (pooled across the project)-9.8%
- Are prices going up?All types: AED 1,648/sqft a year ago, 1,657 now+0.6%Fair
- How fast do fees pay back?AED 232,188 in fees to buy a 2 bed; rent covers it in 1.3 years1.3 yrs
- Can I sell easily?5 sales in 12 months (9 the year before)5
- Is a lot being built nearby?1,706 apartments are planned in Palm Jumeirah from 2026 to 2028, equal to 44% of the 3,913 homes let there today. A further 125 are past their planned date. Palm Jumeirah supply by year →44%Fair
- Did earlier buyers gain?Up 67% for buyers 5 years ago, before fees+67.5%Context
Readings use published thresholds · 2 bed figures, the most traded type · Data to 12 Oct 2026
Golden Mile 1 prices and rents by unit typeA two-bed costs about AED 3.74M and rents for about AED 185,000 a year
Appreciation, rental income and short-term detail, by unit typeAppreciation, rental income and short-term detail, by unit type
Appreciation
2 bed · price per sqft · Palm Jumeirah · area median AED 2,739/sqft
- vs area median
- -29.1%
- Off-plan price gain, 2004–2016
- +149.1% · +5.9%/yr
Rental income
2 bed · Palm Jumeirah
- Median new rent
- AED 185,000/yr
- Renewal rent
- AED 188,245/yr
Short-term income
2 bed · 70% occupancy · 7-night stays · within 500 m
- Median nightly rate
- AED 1,546
- Net revenue
- AED 301,519/yr
- vs long-let rent
- 1.6×
- Listings seen
- 17+
Read with care
- Rental data covers the whole Golden Mile project, not this tower alone.
- Thin sample — 2 sales in 12 months. Treat these figures as indicative.
Price history and sales
As filed with the Land Department — data to 2026-10-12.
Chart data, 2 bed: Jun 2004, AED 1,187,500; latest, Jan 2026, AED 3,737,500; peak, Mar 2025, AED 3,975,000.
Did earlier buyers gain?
Median paid per sqft, all types, against today’s 1,657 · before fees
- 5 years ago
- 990
- +67%
- 3 sales
- 3 years ago
- 1,404
- +18%
- 17 sales
- Previous 12 months
- 1,648
- +1%
- 9 sales
- Last 12 months
- 1,657
- today
- 5 sales
The change is what a buyer at each median would be up or down at today’s median. A shift in the unit mix can move a median without any unit changing price.
5 resales in the last 12 months, against 11 a year on average over 2023–2025.
5 resales in the last 12 months.
Short-term rates around Golden Mile 1
Median nightly rate on Airbnb for a 7-night stay, priced across the coming year.
Rows marked 500 m cluster widen to the surrounding listings because the building itself had too few of that type.
Nightly rate through the yearNightly rate through the year
Comparables in Palm Jumeirah
Every Palm Jumeirah building with a page, ranked by price per sqft over the same 12 months, all unit types. Golden Mile 1 places 93rd of 93; the nearest 4 are shown.
Rank 1 is the dearest per square foot. Differences are against Golden Mile 1 (AED 1,657/sqft); yields need a publishable price and are blank where the recorded prices are share transfers.
At 2 bed, Golden Mile 1 has registered sale prices 29% below the Palm Jumeirah median price per square foot of 2,739 AED, across 54 eligible buildings.
Market context in Palm Jumeirah
Registered sales activity
748 ready apartment sales in the 12 months to 2026-10-12.
+3.4% in median AED/sqft versus the preceding year, supported by 748 current and 1,092 prior price observations.
Explore sales activityPlanned apartment projects
1,382 known registered units across 7 pending projects planned within one year of the 2026-07-06 register.
3 projects had already passed their planned date; 2 have unknown timing.
Explore planned supplySupply against leasing, and same-building moves
1,706 apartments are planned in Palm Jumeirah from 2026 to 2028, equal to 44% of the 3,913 homes let there today.
Ready prices per sqft fell in 26% of 34 buildings (counted once per bedroom type) in Palm Jumeirah with sales in both years; the typical one moved +3.4%.
New-lease rents fell in 81% of 16 buildings (counted once per bedroom type) with leases in both years; the typical one moved −6.8%.
How these are countedDirect locality, all apartment bedroom types. Area context is not building performance. Planned dates are relative to the register date, not a delivery forecast; project unit counts can include mixed uses. Sales activity is not time on market or occupancy.
The Golden Mile towers
10 towers in Golden Mile, at the bedroom type above.
Ejari files Golden Mile’s leases under the project, not a tower, so every tower share one rent: the project figure above, counted once. Prices are each tower’s own registered sales.
Palm Jumeirah: every development at this typePalm Jumeirah: every development at this type
Medians of registered sales and new Ejari leases in the 12 months to 12 Oct 2026, pooled across each development’s towers at 2 bed. A median needs 3 rows; a dash with a count means fewer.
About Golden Mile 1
Golden Mile 1 is an apartment building completed in 2009 in Palm Jumeirah. 77 sales are registered with the Dubai Land Department.
Drive times · typical
- Downtown
- 22 min · 21 km
- DXB Airport
- 26 min · 34 km
- DIFC
- 18 min · 23 km
- Dubai Marina
- 11 min · 6.9 km
- Palm Jumeirah
- 11 min · 5.7 km
Nearest, as registered
- Metro
- Palm Jumeirah
- Mall
- Marina Mall
- Landmark
- Burj Al Arab
Golden Mile 1: AED 1,657 per sq ft, 41% below the median Palm Jumeirah building, and a 4.5% gross yield, below the area's median building
The building's own figures against its area's registered market, last twelve months.
Price per sq ft
Median registered sale price, AED per sq ft, last 12 months
- Golden Mile 1AED 1,657
- Palm Jumeirah, readyAED 2,663
- Palm Jumeirah, off-planAED 5,539
- Dubai, readyAED 1,421
Gross yield against the area's buildings
Axis: gross yield, % of price
Golden Mile 1Palm Jumeirah median building
- Palm Jumeirah4.5% vs 5.1%
Nearby in Palm Jumeirah
Prices per sq ft around Golden Mile 1, on the mapPrices per sq ft around Golden Mile 1, on the map
Golden Mile 5
Palm Jumeirah · 6 sales, 12 months
4.92M
AED, resale median · 2,036/sqft
Golden Mile 8
Palm Jumeirah · 6 sales, 12 months
3.15M
AED, resale median · 1,932/sqft
Golden Mile 3
Palm Jumeirah · 5 sales, 12 months
3.59M
AED, resale median · 1,890/sqft
Golden Mile 9
Palm Jumeirah · 5 sales, 12 months
3.80M
AED, resale median · 1,920/sqft
Before you decide
The facts that can change the return, each with the date it rests on.
- Sales and rents toOn record
- Sales evidence · 2 bedRead with care
- Rental evidence · 2 bedRead with care
- Service chargeNot on file, so the yield is gross. Current approved budgets are in DLD's Service Charge Index (Mollak), by project.Not on record
- Project registerOn record
- Short-term assumptionRead with care
- Costs not includedNot in the yield
Rent or buy
What owning a 2 bed here costs against renting it, at stated assumptions you can change.
Monthly cost of owning against renting, with your own deposit and rateMonthly cost of owning against renting, with your own deposit and rate
Prefilled from Golden Mile 1’s median sale price and annual rent, with the fees and growth rates listed in the breakdown as of . Change any figure.
More assumptionsFewer assumptions
The site does not hold this building’s service charge; type yours to include it. Residency sets the default down payment: typical bank floor, not a rule.
- Monthly mortgage
- 16,619AED
- 4.5% over 25 years
- Monthly rent
- 15,417AED
- AED 185,000 a year
- Cash needed at purchase
- 1,020,063AED
- 20% down plus AED 272,563 in fees
Owning costs AED 584,140 less than renting over 5 years, once the sale is counted.
Buying overtakes renting in year 3.
Ask about Golden Mile 1
Looking to buy or rent here? Tell us what you need: unit type, budget, timing.
We reply by phone, WhatsApp or email, and put you in touch with a licensed agent.
Common questions
- What is the rental yield in Golden Mile 1?
- No gross yield is published for Golden Mile 1 as of 2026-10-12: its Ejari contracts are registered at project level, not for this tower. In the last 12 months it had 2 registered sales and 96 new Ejari contracts; a published yield needs at least 5 new contracts and 3 sales. The Palm Jumeirah median is 4.9% gross.
- How much does a 2 bedroom in Golden Mile 1 cost?
- The median registered sale price is AED 3.74M (1,943 AED/sqft), from 2 Dubai Land Department sales in the last 12 months. This is a price paid, not an asking price.
- What is the registered annual rent for a 2 bedroom in Golden Mile 1?
- The median new annual rent is AED 185,000, from 96 Ejari contracts in the trailing 12 months to 2026-10-12. These contracts cover the project, not this tower alone. Compare the same bedroom type; floor, view and condition can change an individual rent.
- Have registered rents in Golden Mile 1 risen or fallen?
- The median new annual rent changed -9.8% in the trailing 12 months against the previous 12, using 96 new Ejari contracts in the current period to 2026-10-12. Different homes can appear in the two periods; this is not the change on an individual tenancy.
- How many apartments change hands in Golden Mile 1?
- 2 sales were registered with the Dubai Land Department in the last 12 months, alongside 96 Ejari rental contracts. Every median on this page rests on those counts.
For agents
Send this page to a client as a branded report
Golden Mile 1 sale record
- Record type
- Building-level property market record
- Data date
- · refreshed
- Evidence base
- 2 registered sales in the last 12 months for the default unit type
- Sources
- Dubai Land Department sale transactions and Ejari rental contracts; public Airbnb search results for forward short-term rates
- Canonical record
- /sale/apartments/dubai/palm-jumeirah/golden-mile-1
Cite as: Dubai Wealth Index. “Golden Mile 1 sale prices and yield.” Palm Jumeirah, Dubai. Data to 2026-10-12. https://dubaiwealthindex.com/sale/apartments/dubai/palm-jumeirah/golden-mile-1
Stable dataJSON