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Golden Mile 3, Palm Jumeirah

Golden Mile 3, Palm Jumeirah

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Palm Jumeirah, Dubai

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Strengths

Prime Location

High-Quality Amenities

Unique Architectural Design

Weakens

High Property Prices

Traffic Congestion

Limited Public Transportation

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Buildign Overview

Summary

  • Golden Mile 3 is a prestigious residential development located on the renowned Palm Jumeirah, known for its luxury living and iconic architecture.
  • The building is in proximity to the Nakheel Mall, a variety of high-end dining options, and beautiful beachfront views.
  • Transportation options include easy access to major roads, with Dubai Marina and JLT just a short drive away.

Properties Overview

  • Golden Mile 3 features a range of sought-after residential units, including spacious apartments with stunning sea views.
  • Property types include 1-bedroom to 3-bedroom apartments, with prices for rentals typically ranging from AED 85,000 to AED 180,000 annually.
  • For sales, units generally start from approximately AED 1.5 million and can go up to AED 4 million, depending on amenities and layout.

Market Trends

  • Over the past year, rental prices in the Palm Jumeirah area have seen steady growth, with a reported increase of about 5% annually.
  • The buying market remains attractive, showcasing a strong return on investment (ROI) of around 6% per year.
  • Experts predict that property values in Palm Jumeirah could continue to rise due to ongoing developments and high demand.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • The Golden Mile community is serviced by various essential amenities, including supermarkets, pharmacies, and healthcare facilities.
  • Nearby schools such as the American School of Dubai and Kids Academy provide residents with quality educational options.

Transportation and Accessibility

  • Public transport options include the nearby Palm Monorail, providing connectivity to the Dubai Tram and Metro services.
  • The building includes ample parking spaces for residents and visitors, enhancing accessibility throughout the city.

Lifestyle Amenities

  • Residents can enjoy world-class amenities including state-of-the-art gyms, swimming pools, and lush green parks.
  • A variety of restaurants, cafes, and boutique shops are located within walking distance, promoting a vibrant lifestyle.

Builing Facilities

  • Golden Mile 3 is equipped with high-speed elevators, 24-hour security and concierge services, and central air conditioning.
  • Maintenance services are promptly available, ensuring a hassle-free living experience for all residents.

Special Services

  • Additional services include a dedicated concierge team, luxury guest services, and business centers for residents' convenience.
  • Unique amenities like rooftop lounges and wellness centers enhance the exclusivity of living at Golden Mile 3.

Planning Your Move or Investment

Floor Plans and Property Types

  • A diverse selection of floor plans caters to various lifestyle needs, from cozy one-bedroom apartments to expansive three-bedroom layouts.
  • Units are designed with modern finishes and open-plan living areas that maximize light and space.

Things to Consider

  • Potential buyers and renters should consider factors such as proximity to work, lifestyle preferences, and community amenities.
  • Evaluating property tax implications and understanding homeowners' association (HOA) fees is crucial before making a decision.

Useful FAQs and Support

Events and Building Life

Building Events

  • Golden Mile 3 hosts regular social events, including community gatherings and seasonal festivities, promoting neighborly connection.
  • Residents can participate in organized fitness classes and wellness events within the community.

Community Identity

  • The building's unique architectural style and vibrant community life make it a distinguished address on Palm Jumeirah.
  • With an emphasis on luxury and comfort, Golden Mile 3 embodies the essence of upscale living in Dubai.

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Detailed Buiding Insights

1. Family Friendliness

Golden Mile 3 features numerous playgrounds, parks, and family-oriented activities, making it a highly desirable neighborhood for families.

Exceptionally Welcoming

2. Living Options

The community offers a range of living options, from spacious apartments to luxurious beachside villas, catering to various needs and preferences.

Broadly Diverse

3. Safety And Security

Golden Mile 3 benefits from 24/7 security and surveillance, ensuring a safe environment for residents and visitors.

Remarkably Secure

4. Transportation

While public transport options are available, the area predominantly relies on private vehicles for commuting, which can lead to traffic during peak hours.

Moderately Convenient

5. Amenities And Facilities

With an abundance of shops, restaurants, and recreational facilities, residents enjoy a well-rounded lifestyle with easy access to essential services.

Richly Equipped

6. Cost Of Living

As a sought-after location on Palm Jumeirah, the cost of living can be on the higher side, which may not be ideal for all budgets.

Relatively High

7. Things To Do

Golden Mile 3 offers a rich tapestry of activities, from beachfront leisure to upscale dining, providing plenty of options for entertainment and relaxation.

Vibrantly Diverse

8. Noise Levels

The community is relatively quiet, thanks to its layout and design, making it a pleasant environment for both families and individuals seeking tranquility.

Generally Peaceful

9. Pet Friendliness

Many residents welcome pets, and the area includes several green spaces where pets can exercise and socialize, fostering a pet-friendly atmosphere.

Warmly Accommodating

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Key Information

Developer: Nakheel

Building Type: Residential

Length: 869

Unit Types : 1, 2 and 3-bedrooms units

Floors: 11

Community Insights
Mostly apartments | Luxury | Well connected
Lowest: 135K - 260K AED/year

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