Golden Mile 1, Palm Jumeirah
Golden Mile 1 is one of ten numbered residential buildings in the Golden Mile complex on Palm Jumeirah's trunk, developed by Nakheel and completed in January 2009. Royale Stays manages Palm Jumeirah short-term rentals for owners from a fee starting from 15%.
Developer
Nakheel
Storeys
10-11
Completed
January 2009
Units
1-2BR apartments + penthouses
About Golden Mile 1
Golden Mile 1 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 Golden Mile Galleria. The complex was developed by Nakheel, with Golden Mile 1 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 and two-bedroom apartments plus penthouses, reportedly around 178 units in total.
Golden Mile 1 should not be confused with its numbered siblings, Golden Mile 2, 3, 4, 5, 6 and 10, all separately covered elsewhere on this site, or with Golden Mile 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.
Location & Nearby Landmarks
Golden Mile 1 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 1 joins Royale Stays' wider Palm Jumeirah Building Guide cluster alongside same-complex siblings Golden Mile 6 and Golden Mile 4, plus Marina Residences 2, another numbered residential tower Royale Stays covers on Palm Jumeirah.
Unit Types
Golden Mile 1 offers one and two-bedroom apartments plus penthouses. One-bedroom units start from around 1,303 sq ft, two-bedroom units run roughly 1,799-1,950 sq ft with three or four bathrooms, and penthouses span around 10,222 sq ft with seven bathrooms. The building is reported to hold around 178 units in total, though this figure comes from a single source and was not independently corroborated by Bayut or Propsearch.
Amenities
Residents and guests have access to a swimming pool, gym, spa, jacuzzi (fitted in most apartments), a barbecue area and a play area. High-speed elevators, 24-hour security and basement parking are standard across the complex, and the Golden Mile Galleria beneath the building brings a grocery store, banks, pharmacies and shops within easy reach, alongside the wider complex's roughly 1,600 underground parking spaces.
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 1'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 1-specific short-term nightly rate or occupancy figure from Royale Stays' own portfolio was confidently 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), and two-bedroom units around AED 1,423 a night (around AED 38,922 a month). Golden Mile 1's larger penthouses may be realistic candidates to perform above these blended figures given their scale.
Airbnb / Short-Term Rental Income Potential
Golden Mile 1 has an active individual-owner resale and long-term-rental market, with dedicated listing pages on Property Finder, Bayut and Propsearch 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 independently verified for this specific building during research; the wider Palm Jumeirah area's own established STR activity is used above as context.
Questions