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Madina Tower, JLT

Madina Tower, JLT

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Jumeirah Lake Towers (JLT), Cluster O, Dubai

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Strengths

Prime Location

Modern Design

Amenities

Weakens

Parking Availability

Noise Levels

Maintenance Costs

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Buildign Overview

Summary

  • Madina Tower is a prominent residential building located in the vibrant Jumeirah Lake Towers (JLT) community in Dubai.
  • The tower is well-connected to major roadways, ensuring easy access to surrounding areas, including Dubai Marina and Sheikh Zayed Road.
  • Nearby landmarks include the scenic JLT Park, numerous dining options, and a variety of retail outlets, enhancing the lifestyle of its residents.

Properties Overview

  • Madina Tower offers a mix of luxurious apartments, including 1, 2, and 3-bedroom units, catering to diverse preferences.
  • Rental prices typically range from AED 55K to AED 95K annually, while sales prices can vary from AED 750K to AED 2M depending on the unit type and size.
  • The building is known for its spacious layouts and modern finishes, making it a popular choice among both tenants and investors.

Market Trends

  • In the past year, JLT has seen a steady increase in rental demand, with average rental yields around 6-7%, making it an attractive investment destination.
  • Sales trends indicate a gradual appreciation in property values, with investors expecting continued growth due to ongoing developments in the area.
  • The overall market conditions suggest a balanced demand-supply scenario, supporting stable property prices.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents have access to top-notch amenities, including supermarkets, schools such as the Dubai British School, and healthcare facilities including hospitals and clinics.

Transportation and Accessibility

  • JLT is well-served by public transportation, with the JLT Metro Station within walking distance, and ample parking spaces available for residents and visitors.

Lifestyle Amenities

  • Madina Tower offers a wealth of lifestyle amenities including fitness centers, swimming pools, and many nearby restaurants and cafes.
  • Outdoor enthusiasts can enjoy the various parks and jogging paths available in the vicinity.

Builing Facilities

  • The building is equipped with modern facilities, including high-speed elevators, state-of-the-art security systems, and centralized air conditioning.
  • Maintenance services are promptly available to address residents' needs.

Special Services

  • Madina Tower features exclusive services such as concierge assistance, guest service desks, and business lounges for residents.

Planning Your Move or Investment

Floor Plans and Property Types

  • The tower showcases a variety of thoughtfully designed floor plans, suited to new families, single professionals, and investors.
  • Options range from compact 1-bedroom apartments to expansive 3-bedroom units.

Things to Consider

  • Prospective tenants and buyers should consider factors like proximity to workplaces, lifestyle preferences, and potential future developments in the JLT area.

Useful FAQs and Support

Events and Building Life

Building Events

  • Madina Tower hosts regular community events such as seasonal festivals, social gatherings, and fitness classes to foster resident engagement.

Community Identity

  • The building is celebrated for its modern architectural design and atmosphere that encourages a community lifestyle, making it a desirable place to live.

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Detailed Buiding Insights

1. Family Friendliness

Madina Tower offers spacious apartments and nearby parks, making it ideal for families. There are multiple schools and child-friendly amenities in the vicinity.

Exceptionally Welcoming

2. Living Options

The tower provides a variety of living options including one, two, and three-bedroom apartments. This diversity accommodates families, singles, and professionals.

Broadly Diverse

3. Safety And Security

Security measures including CCTV surveillance and 24/7 security personnel ensure a high level of safety for residents.

Remarkably Secure

4. Transportation

Public transportation options are available, including nearby metro stations. However, traffic congestion can be an issue during peak hours.

Moderately Convenient

5. Amenities And Facilities

Madina Tower features a gym, swimming pool, and recreational areas, providing residents with plenty of options for leisure activities.

Richly Equipped

6. Cost Of Living

While the cost of living is reflective of Dubai's standards, utilities and service charges are relatively moderate compared to neighboring areas.

Relatively Balanced

7. Things To Do

Housed within the JLT community, Madina Tower has proximity to a range of dining, shopping, and entertainment options, enhancing residents' lifestyle.

Vibrantly Diverse

8. Noise Levels

Residents enjoy a peaceful environment with minimal noise disturbances, thanks in part to good building insulation and landscaping.

Generally Peaceful

9. Pet Friendliness

The community welcomes pets, and nearby parks provide plenty of space for walking and playing, enhancing pet owners' experience.

Warmly Accommodating

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Key Information

Developer: Reef Real Estate Investment Company

Building Type: Residential

Building Age: 18(completed in 2008)

Unit Types :  1, 2, and 3-bed residential units

Floors: 34

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

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