Golden Mile 3, Palm Jumeirah
Golden Mile 3 is one of ten numbered residential buildings in the Golden Mile complex on Palm Jumeirah’s trunk, developed by Nakheel and IFA Hotels & Resorts. Royale Stays manages Palm Jumeirah short-term rentals from a fee starting from 15%.
Developer
Nakheel / IFA Hotels & Resorts
Storeys
10-11
Completed
January 2009
Units
1-3BR + penthouses
About Golden Mile 3
Golden Mile 3 is one of ten numbered residential buildings that make up the Golden Mile complex, running along the trunk of Palm Jumeirah above a shared retail and office podium. The complex was developed by Nakheel in partnership with IFA Hotels & Resorts, with Golden Mile 3 itself completed in January 2009. Sources vary on the exact storey count, citing either 10 or 11 floors, and the building holds a mix of one, two and three-bedroom apartments plus three-bedroom penthouses.
Golden Mile 3 should not be confused with its numbered siblings, Golden Mile 2, 4, 5, 6 and 10, all separately covered elsewhere on this site, or with Golden Mile 1, 7, 8 and 9, each numbered building in the complex is a distinct structure with its own resale and rental market, sharing only the Golden Mile name and its shared retail podium, the Golden Mile Galleria.
Location & Nearby Landmarks
Golden Mile 3 sits on the trunk of Palm Jumeirah, within the wider Golden Mile complex and close to Al Ittihad Park. The trunk position gives residents and guests a practical edge over buildings further out on the Crescent or the Fronds: quicker road access for onward journeys, with Dubai Mall roughly 18 minutes away by car, Burj Al Arab around 14 minutes, and The Walk at JBR also around 14 minutes. Dubai International Airport (DXB) is roughly 26 minutes’ drive.
Golden Mile 3 joins Royale Stays' wider Palm Jumeirah Building Guide cluster alongside Golden Mile 2 and Golden Mile 5, two more numbered Golden Mile buildings Royale Stays covers, as well as Marina Residences 3, another Palm Jumeirah tower Royale Stays covers.
Unit Types
Golden Mile 3 offers one, two and three-bedroom apartments, plus three-bedroom penthouses. Typical covered areas run from around 1,041-1,345 sq ft for a one-bedroom unit, around 1,886 sq ft for a two-bedroom unit, and around 1,841 sq ft for a three-bedroom unit with up to four bathrooms and a maid’s room. As with the wider Golden Mile complex, exact unit counts and layouts vary building to building.
Amenities
Residents and guests have access to a swimming pool, a gym with steam and sauna rooms, and jacuzzis installed in most apartments. The building includes a clubhouse for events, a first-aid medical centre, a barbecue area, a private garden and a health club, along with high-speed elevators, 24-hour security with CCTV, and basement parking with one space allotted per unit. Below the building, the Golden Mile Galleria brings a grocery store, banks, pharmacies and shops within easy reach.
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 like Careem. Golden Mile 3’s trunk-side position is a practical advantage here, sitting closer to the mainland connection than buildings out on the Crescent or Fronds. Dubai Mall is roughly 18 minutes away by car, Burj Al Arab and The Walk at JBR both around 14 minutes, and Dubai International Airport (DXB) roughly 26 minutes.
Rental & Price Trends
No Golden Mile 3-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: one-bedroom units average around AED 706 a night at roughly 88 percent occupancy (around AED 19,279 a month), two-bedroom units around AED 1,423 a night (around AED 38,922 a month), and three-bedroom units around AED 1,696 a night (around AED 46,565 a month). Golden Mile 3's larger three-bedroom apartments and penthouses may be realistic candidates to perform in line with or above the three-bedroom blended figure.
Airbnb / Short-Term Rental Income Potential
Golden Mile 3 has an active individual-owner resale and long-term-rental market, with dedicated listing pages on Property Finder and Bayut showing ongoing activity. As with other Palm Jumeirah buildings, formal permit arrangements for short-term letting are typically routed through the building’s own management, a standard, workable process rather than a blocker.
Royale Stays manages furnishing, photography, pricing, check-in, guest communications and maintenance for owners here from a fee starting from 15%.
No confirmed direct STR listing was found for this specific building during research; the wider Palm Jumeirah area's own established STR activity is used above as context.
Questions