Golden Mile 7, Palm Jumeirah
Golden Mile 7 is one of ten numbered residential buildings in the Golden Mile complex on Palm Jumeirah's trunk, developed by IFA Hotels & Resorts and completed around 2009. Royale Stays manages Palm Jumeirah short-term rentals for owners from a fee starting from 15%.
Developer
IFA Hotels & Resorts
Storeys
11 (sources vary: 10-11)
Completed
Completed (~2009)
Unit Types
1-5BR apartments + penthouses
About Golden Mile 7
Golden Mile 7 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 tower was developed by IFA Hotels & Resorts, the same developer behind The 8 Palm, Balqis Residence and Laguna Tower elsewhere on Palm Jumeirah. Its status is Completed, with the wider Golden Mile complex generally placed around 2009. Most sources describe Golden Mile 7 as an 11-storey building, though Propsearch cites 10, one of several minor cross-source discrepancies across these identical, interconnected towers.
Golden Mile 7 should not be confused with its numbered siblings, Golden Mile 1, 2, 3, 4, 5, 6 and 10, all separately covered elsewhere on this site, or with Golden Mile 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 7 sits on the trunk of Palm Jumeirah, within the wider Golden Mile complex. 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 20 minutes away by car, Burj Al Arab around 15 minutes, and The Walk at JBR also around 15 minutes. Dubai International Airport (DXB) is roughly 28 minutes' drive, and the newer Al Maktoum International Airport around 37 minutes.
Golden Mile 7 joins Royale Stays' wider Palm Jumeirah Building Guide cluster alongside same-complex siblings Golden Mile 6 and Golden Mile 1, plus W Residences Dubai, another Palm Jumeirah tower Royale Stays covers.
Unit Types
Golden Mile 7 offers a wide unit mix, from one-bedroom apartments up to four and five-bedroom duplex-style penthouses, with either single-floor apartments or duplex suites available across the building. The tower is reported to hold around 178 units in total, a figure sourced from a single aggregator (udproperty/fazwaz) and not independently corroborated by Bayut or Propsearch, though it is architecturally plausible given the Golden Mile buildings are described as identical, interconnected structures.
Amenities
Residents and guests have access to a communal swimming pool, gym, jacuzzi, sauna/steam room, landscaped gardens and barbecue areas, plus 24-hour security, CCTV and on-site car parking. The Golden Mile Galleria beneath the building brings a grocery store, banks, pharmacies, restaurants and shops within easy reach, alongside the wider complex's underground parking.
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 7'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 20 minutes away by car, Burj Al Arab and The Walk at JBR both around 15 minutes, and Dubai International Airport (DXB) roughly 28 minutes.
Rental & Price Trends
No Golden Mile 7-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), 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 7's larger four and five-bedroom penthouses may be realistic candidates to perform above these blended figures given their scale.
Airbnb / Short-Term Rental Income Potential
Golden Mile 7 has an active individual-owner resale and long-term-rental market, with dedicated listing pages on Property Finder, Bayut, Propsearch and Citysearch showing ongoing activity, plus at least one third-party short-stay listing surfaced under the building's name during research. 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 under Royale Stays' own management 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