Property description

JLT X3 Tower Fully Fitted & Furnished Office

Ready to move in! (Title Deed and DEWA ready)

with Glass Partitions and carpet on Full Floor

Price: AED 105,000 in 1 Cheque

Master-planned development along Sheikh Zayed Road. As of Q2 2015, there are 65 ready projects and 6 that are under-construction. JLT consists of residential towers, office buildings, hotel the office market is maturing and retail activity is emerging.

Property Types Available: Apartments, Offices, Hotels, Hotel Serviced Apartments
Location: Sheikh Zayed Road
Status: Ready, Under Construction
Year Launched: 2006
Developer: DMCC
Title Type: Freehold
Life Cycle: Mature

Jumeirah Lake Towersis a master-development along Sheikh Zayed Road and directly opposite to theDubai Marina. The development consists of 63 ready projects, and 6 under-construction projects (as of Q2 2015).JLTconsists of residential towers, office buildings, hotel & hotel serviced apartment developments as well as a hundreds of retail shops located at the foot of nearly every building.

Overview

Jumeirah Lake Towerswas announced in 2004 and was originally to be overseen byNakheelProperties. As we understand,Nakheelis no longer considered the master-developer of the community and that mandate has shifted toDMCC. According to initial press-releases,JLTcovers an area of 7.3 million sq. ft.

In late 2004,Nakheelannounced that all the plots withinJLTwere sold out to private investors and developers, who in turn began launching projects in the community in the same year.

JLTis organized into 26 clusters each containing 3 building plots each. As of Q2 2015, there are a total of 3 entry/exit points into the community by road (2 from Sheikh Zayed Road and a third which connects the community to Mohammad bin Zayed Road). most of the clusters are built around three man-made lakes.

All the towers inJLTare a minimum of 35 storeys tall. The tallest building, and the center piece ofJLTis the Almas Tower, one of Dubai's tallest buildings. Almas is a commercial tower rising 90 storeys tall and developed and managed byDMCC. Other towers range in size from between 35 - 45 storeys tall.

There are also two metro-stations that connect directly ontoJLT, and this is one of the most attractive features of the community.

Apartment Market

There are a total of 38 towers inJLTthat have apartments, while another 4 such towers are under-construction.

High quality residential buildings:Green Lake Towers,Al Seef Tower2 and 3, Tamweel Tower, Al Shera Tower,Madina Tower.

Mid quality residential buildings:Icon Tower 1& 2, Lake Terrace, Lake View, V3 Tower, Mag 214, Al Waleed Paradise, Aramada Towers, Concorde Tower, Dubai Arch, Global Lake View, GoldCrest Views 1 & 2 etc.

Offices Market

There are a total of 27 towers inJLTthat have office space, and only one office building is currently under-construction.

Most of the office buildings inJLTare Grade B quality. A major drawback of office supply inJLTand in the Dubai in general is the fact that they have STRATA ownership - which is a drawback for office buildings when viewed from global best practices perspective. Most developers sell office space at the time of launching a project. Therefore, by the time a building is ready, there are hundreds of owners who have purchased various sizes of office space. These type of buildings are not attractive for big business, especially the International Corporations who look for larger spaces in quality buildings with well structured management in place.

Still,JLTis one of the handful of areas within Dubai where a buyer can purchase freehold office space (the others beingBusiness Bayand Dubai Silicon Oasis).

High quality office buildings:Almas Tower, Gold Tower (AU), JBC 1, 2, 3, 4 Platinum Tower, Silver Tower,Tiffany Tower.

Mid quality office buildings:Armada Tower 2, Fortune Executive, Fortune Tower, HDS Business Center, HDS Tower, Jumeirah Bay (X2 & X3), Mazaya Business Avenue, One Lake Plaza, Reef Tower, Saba Tower 1,The Dome.

Hospitality Market

There are a total of 4 towers inJLTthat are hotels or offer hotel serviced apartments - Bonnington Tower, Laguna Tower (Movenpick), PullmanJLTandLiwa Heights. One tower, Bobyan in Cluster E, is currently under-construction, with delivery expected in late 2015 or early 2016.

Under-construction Projects & Future Construction inJLT

There are just a few projects under-construction inJumeirah Lake Towersand only a few remaining plots which have yet to be developed. Currently under-construction inJLTare: Bobyan Towers, Dubai Gate 2, Al Saqran Tower, Dubai Star, OneJLT,Wind Tower 1& 2.

About Prices Lookup.ae Reports inJumeirah Lake Towers

1. Lookup.ae conducts quarterly surveys on pricing, occupancy rates and transaction activity inJumeirah Lake Towersas well as about 70 other major communities in freehold Dubai. Our surveys cover the entire community as a whole and our reporting can be found within this section in the Property Prices and Historic Data sections.

2. Lookup.ae also publishes weekly data from the Dubai Land Department on individual building transactions. This data is accessible to real estate agents who are members of Lookup.ae.

3. Dig deeper if you'd like by clicking on the Property Types tab at the top of this page. The breakdown includes data of each property type's price, price psf range, average rental price and other information where available.

4. Investment Guides of this section will only report an interesting trend or a new project launch. These are updated only periodically. If you think that there is something we should be reporting on, please contact us.

5. Quality acrossJumeirah Lake Towersfalls in between the mid-end & high-end quality. For studios, whether it is a mid-end or high-end building, we see similar ranges of transaction value. For other property types (1, 2, and 3 bedroom), the difference in price is very visible. Most of the high-end buildings inJumeirah Lake Towersalso have much larger units than buildings inDubai Marinawith similar quality.

6. Price data shown does not include hotel serviced apartments.

7. Price data for commercial inJLTand other business districts of Dubai will be available by Q3 2015.

Major Developers inJLT

A total of 42 developers have been involved in the development of the 71 projects inJLT(as of Q2 2015). Major developers in the project include:

• DMCC- 5 projects

• Damac Properties- 2 projects

• Al Fajer Properties- 5 projects (all the Jumeirah Business Center developments)

• Armada Group- developed the 3 Armada Towers in Cluster P

• ASAM- developed the 3 Green Lake Towers in Cluster S

• ETA have done partnerships with various groups to developer 3 projects inJLT

• Mazaya Holding have developedIcon Tower 1& 2 as well as Mazaya Business Avenue

• Mismak Properties - developed Cluster X (Jumeirah Bay)

• Reef Real Estate - developedMadina Towerand Reef Tower

• Saba Group- developed Saba Towers 1, 2 and 3

PositivesofJumeirahLake Towers (JLT)

• An all in one community right on Sheikh Zayed road: Apartments, Office space, Hotels & growing retail activity.
• Two metro stations help connect JLT to the rest of the city.
• The community is being greened. Unlike in Dubai Marina (across the road), there are more open spaces, a couple of parks and good connectivity between the clusters without having to enter onto any main roads.
• Prices are still much cheaper psf when compared to other communities. JLT psf offers much more value than most of the buildings in the Marina.

Company name: Pamir Property Brokerage
RERA ORN: 847 BRN: 35415
Address: Office 401, Radisson Blu Hotel, Downtown, P.O. Box 14821, Dubai, U.A.E.
Office phone no: 04-4306011
Office fax no: 04-4305449
Primary email: info@pamir-property.ae
Website: www.pamir-property.ae
Company Profile: Pamir Property Brokerage specializes to provide top end real estate services from 2007. All our property consultants are highly qualified experts who will professionally handle your request. Our mission is to provide high quality customer service and property management advisory. High level of professionalism and diverse experience of our property agents allows us to develop dynamically and earn the respect of our partners and customers. Why Pamir: Qualified realtors; Mortgage broker service; Fully supported transactions; Wide selection of proposals; Personalized customer assistance and tailored expertise to every client; Customized property management service by appointment; Specialization in sales and rentals; Reliability and transparency of transaction; Up-to-date market trends and launches; Property maintenance; We build life long partnerships with our partners and clients. Thank you for staying with us!




Call Pamir Property ... on +971 526903720 / +971 4 4306011 or visit www.pamir-property.ae for further details

Property Features :

• Covered parking
• Sauna
• On mid floor
• Children's play area
• Mosque
• Shopping mall
• Carpets
• Children's nursery
• Public parking
• Shared swimming pool
• Restaurants
• Public park
• Pets allowed
• Shops
• Communal gardens
• Marble floors
• Fully furnished
• Built in wardrobes
• Public transport
• Central air conditioning
• Metro station
• Basement parking
• Community View
• View of sea/water
• Steam room
• Gymnasium
• Broadband ready