Golden Mile 5, Palm Jumeirah
Golden Mile 5 is one of ten numbered residential buildings that make up the Golden Mile complex on the trunk of Palm Jumeirah, developed by IFA Hotels & Resorts and now overseen by Nakheel. Royale Stays manages Palm Jumeirah short-term rentals from a fee starting from 15%.
Developer
IFA Hotels & Resorts / Nakheel
Storeys
10-11
Completed
early 2009
Units
178, 1-5BR + penthouse
About Golden Mile 5
Golden Mile 5 is one of ten numbered residential buildings that make up the Golden Mile complex, running along the trunk of Palm Jumeirah rather than out on the Crescent or the Fronds. The complex was developed by IFA Hotels & Resorts and is now overseen by Nakheel, Palm Jumeirah's master developer, with Golden Mile 5 itself completed and delivered to owners in early 2009. Reports vary on the exact storey count, citing either 10 or 11 floors, and it holds 178 apartments in total.
Golden Mile 5 offers one of the widest unit ranges among the numbered Golden Mile buildings, spanning one, two, three, four and five-bedroom apartments, including penthouse layouts with private terraces. Golden Mile 5 should not be confused with its numbered siblings, Golden Mile 4, Golden Mile 6 and Golden Mile 10 (all separately covered elsewhere on this site) — each numbered building is a distinct structure sharing only the Golden Mile name and its shared retail podium.
Location & Nearby Landmarks
Golden Mile 5 sits on the trunk of Palm Jumeirah, giving it a genuine practical advantage over buildings further out on the Crescent or the Fronds: quicker access to Sheikh Zayed Road and central Dubai, with Downtown Dubai and Dubai Marina both roughly 15-20 minutes away by car. The building sits close to the newer Nakheel Mall and Al Ittihad Park, and directly above the wider Golden Mile Galleria retail and dining destination.
Golden Mile 5 joins Royale Stays' wider Palm Jumeirah Building Guide cluster alongside Serenia Residences, FIVE Palm Jumeirah and Golden Mile 3, other Palm Jumeirah buildings Royale Stays covers.
Unit Types
Golden Mile 5 offers one of the broadest unit ranges in the Golden Mile complex: one, two, three, four and five-bedroom apartments, including penthouse units with private terraces. Reports place the building at either 10 or 11 storeys across its 178 total units.
Amenities
Residents and guests have access to a swimming pool and a separate children's pool set in a landscaped garden, a gym and fitness centre, sauna and steam facilities, and a jacuzzi, along with a barbecue and outdoor entertainment area. The building includes high-speed elevators, centralized air conditioning, walk-in closets in select units, and CCTV, 24-hour security and an intercom system.
Transportation & Access
Palm Jumeirah has no Dubai Metro station of its own, so most residents and guests rely on private car, taxi or ride-hailing apps. Golden Mile 5's trunk-side position gives quicker access to Sheikh Zayed Road and the rest of Dubai. The Palm Monorail's Al Ittihad Park and Palm Gateway stations are both within reach. Dubai International Airport is roughly 25-35 minutes away by car.
Rental & Price Trends
No Golden Mile 5-specific short-term nightly rate or occupancy figure from Royale Stays' own portfolio was available for this guide, so the figures below are Palm Jumeirah area-blended averages: 2-bedroom units average around AED 1,423 a night at 88 percent occupancy, while 1-bedroom units average around AED 706 a night at similar occupancy. Golden Mile 5's wider unit mix, including larger 4 and 5-bedroom layouts, means well-presented larger units here may be realistic candidates to exceed these blended averages, though no building-specific data confirms this.
Airbnb / Short-Term Rental Income Potential
Golden Mile 5 already has a confirmed active short-term rental market: alongside its resale and long-term rental listings on Bayut and Property Finder, a live Booking.com listing was found for a 2-bedroom unit at Golden Mile 5 describing beach access and a 6-guest capacity.
As with any Palm Jumeirah building, formal permit arrangements for short-term letting are typically routed through the building's own management. Royale Stays manages furnishing, photography, pricing, check-in, guest communications and maintenance from a fee starting from 15%.
Third-party pricing/ROI figures from single-domain investment blogs are deliberately not used here; figures above are Royale Stays' own Palm Jumeirah area-level data.
Questions