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Golden Mile 2

A 1 bed in Golden Mile 2 costs a median AED 2.59M and rents long-let for AED 130,000/yr.

Satellite view of Golden Mile 2, Palm Jumeirah, Dubai, centred on its registered pin. Apple Maps.
Satellite view of the registered pin · Apple Maps

1 bed · typical price

2.59MAED

AED 1,986/sqft

Rent a year
AED 130,000
vs Palm Jumeirah
29% below the median
Cost to buy, all inAED 2.75M
Price
AED 2.59M
DLD fee 4%
AED 103,600
Agent 2% + VAT
AED 54,390
Trustee
AED 4,200

Fees repaid by rent15 months

Against this building’s registered sales of the same type.

Ask about Golden Mile 2 →

Is Golden Mile 2 a good investment?The rent pays below the Dubai median

  1. Does it pay a good rent?5.3% gross, before the service charge (not on file) (Dubai median 6.8%)5.3%Watch
  2. Are rents going up?New 1 bed leases: AED 140,000 a year ago, AED 130,000 now (pooled across the project)-7.1%
  3. How fast do fees pay back?AED 162,190 in fees to buy a 1 bed; rent covers it in 1.2 years1.2 yrs
  4. Can I sell easily?4 sales in 12 months (6 the year before)4
  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
  6. Did earlier buyers gain?Up 150% for buyers 5 years ago, before fees+149.9%Context

Readings use published thresholds · 1 bed figures, the most traded type · Data to 12 Oct 2026

Check an asking price →How each reading works →

Golden Mile 2 prices and rents by unit typeA one-bed costs about AED 2.59M and rents for about AED 130,000 a year

TypeMedian priceGross yieldNew rent12-month changeSales
1 bedAED 2.59M1,986/sqftpooled rent, not per buildingpooled rent, not per buildingunder 5 sales in a year2
2 bedAED 4.08M2,279/sqftpooled rent, not per buildingpooled rent, not per buildingunder 5 sales in a year1
3 bedAED 4.14M2,073/sqftpooled rent, not per buildingpooled rent, not per buildingunder 5 sales in a year1
Appreciation, rental income and short-term detail, by unit type

Appreciation

1 bed · price per sqft · Palm Jumeirah · area median AED 2,802/sqft

Rental income

1 bed · Palm Jumeirah

Renewal rent
AED 135,000/yr
New tenants pay vs sitting (52 renewals)
-3.7%

Short-term income

1 bed · 70% occupancy · 7-night stays · within 500 m

Median nightly rate
AED 1,062
Net revenue
AED 207,415/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.

Median price paid, 1 bed, as a rolling 3-month median. The band along the bottom is the number of records each month.

Chart data, 1 bed: May 2009, AED 1,040,000; latest, May 2026, AED 2,450,000; peak, Oct 2025, AED 2,690,000.

Did earlier buyers gain?

Median paid per sqft, all types, against today’s 2,083 · before fees

5 years ago
834
+150%
3 years ago
1,322
+58%
Previous 12 months
1,796
+16%
Last 12 months
2,083
today

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.

DateTypeSqftPriceAED/sqft
8 May 20261 bed1,304AED 2,450,0001,879
30 Dec 20253 bed1,997AED 4,140,0032,073
13 Nov 20251 bed1,304AED 2,730,0002,094
16 Oct 20252 bed1,788AED 4,075,0002,279

4 resales in the last 12 months.

Short-term rates around Golden Mile 2

Median nightly rate on Airbnb for a 7-night stay, priced across the coming year.

70%
TypeNightly, AEDNet revenue at 70%Long-let rentUpliftNet yield
1 bed500 m cluster · 17+ listings seen1,0620.81/sqftAED 207,415AED 130,0001.6×—
2 bed500 m cluster · 16+ listings seen1,4680.82/sqftAED 286,952AED 185,0001.6×—
3 bed500 m cluster · 10+ listings seen2,1311.07/sqftAED 426,581AED 301,5261.4×—

Rows marked 500 m cluster widen to the surrounding listings because the building itself had too few of that type.

Nightly 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 2 places 80th of 93; the nearest 8 are shown.

RankBuildingMedian priceAED/sqftGross yield12-month changeSales
76Balqis Residence 2Completed 2019 · off-plan 1,741/sqftAED 4.80M2,137+2.6%5.7%-0.8%10
77Royal Bay by AziziCompleted 2017 · off-plan 2,326/sqftAED 2.80M2,111+1.3%4.8%-4.5%10
78Marina Apartments 6Completed 2009AED 4.17M2,109+1.2%5.0%+2.9%9
79Royal Amwaj Residences SouthCompleted 2013AED 2.90M2,099+0.7%5.3%-2.2%15
80Golden Mile 2 · this buildingCompleted 2009 · off-plan 790/sqftAED 3.40M2,0835.3%—4
81Azizi MinaCompleted 2021 · off-plan 2,278/sqftAED 2.15M2,081-0.1%—-5.5%17
82Golden Mile 10Completed 2009 · off-plan 943/sqftAED 5.00M2,071-0.6%3.6%—3
83Golden Mile 5Completed 2009 · off-plan 881/sqftAED 4.92M2,036-2.3%3.7%-0.8%6
84Marina Apartments 3Completed 2009AED 3.85M1,985-4.7%5.5%+1.5%14

Rank 1 is the dearest per square foot. Differences are against Golden Mile 2 (AED 2,083/sqft); yields need a publishable price and are blank where the recorded prices are share transfers.

At 1 bed, Golden Mile 2 has registered sale prices 29% below the Palm Jumeirah median price per square foot of 2,802 AED, across 27 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 activity

Planned 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 supply

Supply 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 counted
Find service-charge budget evidence for Golden Mile 2

Direct 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.

TowerPriceAED/sqftRent a yearGross yield
Golden Mile 1—1 sale, too few—AED 130,000project pool—
Golden Mile 2 · this building—2 sales, too few—AED 130,000project pool—
Golden Mile 3—1 sale, too few—AED 130,000project pool—
Golden Mile 4—none—AED 130,000project pool—
Golden Mile 5—none—AED 130,000project pool—
Golden Mile 6—1 sale, too few—AED 130,000project pool—
Golden Mile 7—none—AED 130,000project pool—
Golden Mile 8—2 sales, too few—AED 130,000project pool—
Golden Mile 9—1 sale, too few—AED 130,000project pool—
Golden Mile 10—none—AED 130,000project pool—

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 type
DevelopmentRent a yearPriceAED/sqftGross yield
Palm Views1 developments, pooled—none—1 sale, too few——
West1 tower—none—1 sale, too few——
Balqis Residence5 towers—none—2 sales, too few——
Fairmont Palm Residence2 towers · rent filed for the projectAED 150,00058 contractsAED 2.76M8 sales1,9915.4%
Golden Mile · this development10 towers · rent filed for the projectAED 130,00057 contractsAED 2.67M8 sales2,0084.9%
Grandeur Residences2 towers · rent filed for the projectAED 122,50022 contractsAED 2.02M9 sales1,9216.1%
Passo By Beyond2 towers—noneAED 4.85M59 sales5,184—
Royal Amwaj2 towers · rent filed for the projectAED 150,00039 contractsAED 2.60M19 sales2,1435.8%
Serenia Residences the Palm3 towers · rent filed for the projectAED 150,00024 contractsAED 3.40M6 sales2,8664.4%
Seven Hotel and Apartments The Palm2 towers · rent filed for the projectAED 130,00069 contractsAED 2.10M24 sales2,9346.2%
Tiara Residence6 towers · rent filed for the projectAED 170,00045 contractsAED 4.03M16 sales3,0864.2%
All of Palm Jumeirahevery building, in a project or notAED 150,000513 contractsAED 3.38M264 sales3,0054.4%

Medians of registered sales and new Ejari leases in the 12 months to 12 Oct 2026, pooled across each development’s towers at 1 bed. A median needs 3 rows; a dash with a count means fewer. Developments sharing a name are grouped under it; DLD itself records no such parent.

About Golden Mile 2

Golden Mile 2 is an apartment building completed in 2009 in Palm Jumeirah. 71 sales are registered with the Dubai Land Department.

Pinned from Google's place record for the registered name.Open in Google Maps

Drive times · typical

Downtown
21 min · 20 km
DXB Airport
26 min · 34 km
DIFC
18 min · 23 km
Dubai Marina
11 min · 6.8 km
Palm Jumeirah
11 min · 5.5 km

Nearest, as registered

Metro
Palm Jumeirah
Mall
Marina Mall
Landmark
Burj Al Arab

Golden Mile 2: AED 2,083 per sq ft, 26% below the median Palm Jumeirah building, and a 5.3% gross yield, above 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

  1. Golden Mile 2AED 2,083
  2. Palm Jumeirah, readyAED 2,663
  3. Palm Jumeirah, off-planAED 5,539
  4. Dubai, readyAED 1,421
Dark: this building. Grey: the area's ready and off-plan medians, and Dubai's ready median. Source: DLD registered sales.

Gross yield against the area's buildings

Axis: gross yield, % of price

Golden Mile 2Palm Jumeirah median building

  1. Palm Jumeirah5.3% vs 5.1%
Line: the 10th to 90th percentile of 50 buildings in Palm Jumeirah. Gross: before service charge, vacancy and fees. Sources: DLD, Ejari.

Upcoming supply in Palm Jumeirah, by handover quarter

Prices per sq ft around Golden Mile 2, on the map
Pills show median sale price, AED. 81 buildings pinned from Google place records and Apple geocoding · Golden Mile 2 is the inverted pinOpen in Apple Maps

Before you decide

The facts that can change the return, each with the date it rests on.

Rent or buy

What owning a 1 bed here costs against renting it, at stated assumptions you can change.

Monthly cost of owning against renting, with your own deposit and rate

Prefilled from Golden Mile 2’s median sale price and annual rent, with the fees and growth rates listed in the breakdown as of . Change any figure.

Residency
More 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
11,517AED
4.5% over 25 years
Monthly rent
10,833AED
AED 130,000 a year
Cash needed at purchase
709,090AED
20% down plus AED 191,090 in fees

Owning costs AED 412,142 less than renting over 5 years, once the sale is counted.

Buying overtakes renting in year 3.

Cumulative cost by year: renting (solid) against owning net of a sale that year (dashed), at the assumptions above.

Ask about Golden Mile 2

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Common questions

What is the rental yield in Golden Mile 2?
No gross yield is published for Golden Mile 2 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 57 new Ejari contracts; a published yield needs at least 5 new contracts and 3 sales. The Palm Jumeirah median is 5.2% gross.
How much does a 1 bedroom in Golden Mile 2 cost?
The median registered sale price is AED 2.59M (1,986 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 1 bedroom in Golden Mile 2?
The median new annual rent is AED 130,000, from 57 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 2 risen or fallen?
The median new annual rent changed -7.1% in the trailing 12 months against the previous 12, using 57 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.
Do new tenants in Golden Mile 2 pay more than sitting ones?
A new tenant pays -3.7% against a renewing one, across 52 renewal contracts in the last 12 months. This compares different new and renewal contract groups, not the same tenancy before and after a move. It is not a permitted rent increase or a guaranteed gain.

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Golden Mile 2 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-2
Method
Definitions and calculations

Cite as: Dubai Wealth Index. “Golden Mile 2 sale prices and yield.” Palm Jumeirah, Dubai. Data to 2026-10-12. https://dubaiwealthindex.com/sale/apartments/dubai/palm-jumeirah/golden-mile-2

Stable dataJSON