Golden mile
2 BR · Apartment
About the community
A residential community in Palm Jumeirah.
Where it is
Palm Jumeirah
The palm-shaped island: villas on the fronds, apartments along the trunk, resorts around the crescent.
- short-let income
- beachfront living
- capital preservation
What to check: Confirm in writing that the specific building permits holiday lets before you underwrite any short-let income, and model summer and winter occupancy separately — beach-driven demand falls sharply from June to September.
Full district guide →Questions and answers about lot NP19-585823
How much is this 2-bedroom apartment in Golden mile?
Lot NP19-585823 is priced at AED 3 688 888, about $1 004 000. The size is 2 080 sq ft (193 m²), which works out at AED 1 774 per sq ft.
Is there a discount on this lot?
There is no recorded price cut: the lot is in the database at the seller's asking price. The comparisons below show how that price sits against the market.
How does this price compare with other lots in Golden mile?
The database holds 3 lots in Golden mile right now, from AED 3 688 888 to AED 5 390 000. 3 of them share this type and bedroom count: this lot is the cheapest. At AED 1 774 per sq ft this lot is 30% below the median for the other lots in the project (AED 2 549).
Is this expensive or cheap for Palm Jumeirah?
The database holds 261 lots in Palm Jumeirah, starting from AED 1 220 000. The area median is AED 4 336 per sq ft; this lot is at AED 1 774. A gap that wide usually means an error in the listing rather than a real price difference — I will check it when you ask. 33 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Palm Jumeirah area guide →Can this lot be bought with a mortgage, and what would the payment be?
UAE banks lend on ready homes, and the listing does not confirm that this property is ready. If it has been handed over, the numbers are: a resident puts down from 20%, here AED 738 000; a loan of AED 2 951 000 over 25 years at 3.75–4.99% a year comes to roughly AED 15 200–17 200 a month. A non-resident puts down from 40% (AED 1 476 000) and pays about AED 11 400–12 900 a month. The bank approves the rate and the amount.
Run your own numbers in the mortgage calculator →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 147 556 for this lot. With a mortgage the bank charges for processing and valuation, and the mortgage is registered for a separate fee. I will send the full calculation for this lot on request.
Does buying this lot qualify for a UAE residence visa?
On price, yes: the 10-year Golden Visa is granted for property from AED 2 000 000, and this lot is priced at AED 3 688 888. The threshold is measured by the Dubai Land Department valuation, not the contract, and only freehold qualifies.
Golden Visa and residence visas →How do I view the property and get the exact address?
Lots in the database are anonymised: the unit number, exact address and owner's details are not published. Send the lot code NP19-585823 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
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