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Mazaya Business Avenue BB1, JLT

Mazaya Business Avenue BB1, JLT

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Jumeirah Lake Towers (JLT), Cluster B, Dubai

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Strengths

Modern architecture

Prime location

Variety of amenities

Weakens

High rental costs

Limited parking availability

Occasional noise issues

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Buildign Overview

Summary

  • Mazaya Business Avenue BB1 is a prominent mixed-use tower located in the vibrant Jumeirah Lake Towers (JLT) community.
  • The building is strategically positioned near essential amenities such as retail outlets, restaurants, and scenic lake views.
  • Public transportation options include the nearby DMCC Metro Station, as well as multiple bus routes, enhancing accessibility for residents and businesses.
  • Compares favorably with nearby towers in JLT, offering competitive office space and residential units.

Properties Overview

  • The building offers a wide variety of properties for both rental and purchase, appealing to diverse clientele.
  • Popular units include spacious offices with modern finishes, as well as 1, 2, and 3-bedroom apartments.
  • Rental prices typically range from AED 50,000 to AED 150,000 annually, while sales prices can range from AED 800,000 to AED 2.5 million, depending on unit specifications.

Market Trends

  • Current market trends indicate a steady demand for both rental and sale units within Mazaya Business Avenue BB1.
  • The average return on investment (ROI) for investors is estimated to be around 6-8%, making it an attractive option for property buyers.
  • Expectations for the future hint at a gradual appreciation in property values, driven by ongoing development in the JLT area.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents benefit from nearby supermarkets, international schools, and various healthcare facilities including clinics and hospitals.

Transportation and Accessibility

  • Well-connected via public transport with close proximity to parking facilities, ensuring easy access to Dubai's major attractions.

Lifestyle Amenities

  • Lifestyle offerings include state-of-the-art gyms, diverse dining options, and leisure activities around the picturesque lakeside.

Builing Facilities

  • The tower features modern elevators, round-the-clock security personnel, central air conditioning, and prompt maintenance services.

Special Services

  • Additional amenities include concierge services, business centers, and meeting rooms catering to the needs of professionals and businesses.

Planning Your Move or Investment

Floor Plans and Property Types

  • A range of floor plans is available, accommodating various lifestyles and business requirements, from open-plan offices to cozy residential units.

Things to Consider

  • Potential renters and buyers should evaluate factors such as property management, community services, and surrounding infrastructure before making decisions.

Useful FAQs and Support

Events and Building Life

Building Events

  • Regular community events foster networking and social interaction among residents and businesses, enhancing building life.

Community Identity

  • Mazaya Business Avenue BB1 is characterized by its modern design, conducive work environment, and its role as a hub for business and leisure.

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Detailed Buiding Insights

1. Family Friendliness

The area offers some family-friendly facilities, such as parks and playgrounds, but overall, it is primarily a business hub, which may limit amenities tailored specifically for families.

Moderately Welcoming

2. Living Options

Mazaya Business Avenue BB1 is mainly composed of office space with limited residential options, making it less suitable for those seeking a community-oriented living environment.

Primarily Commercial

3. Safety And Security

The area is well-patrolled and monitored, with security personnel present in offices and facilities, contributing to a sense of safety for both workers and visitors.

Generally Secure

4. Transportation

Easily accessible via various public transport options including the metro, the strategic location allows for efficient commuting in and out of the area.

Very Convenient

5. Amenities And Facilities

While primarily catering to business, there are numerous restaurants, cafes, and fitness centers within a short distance, providing essential amenities but lacking entertainment options.

Adequately Equipped

6. Cost Of Living

Costs for offices and nearby residential units can be steep due to the location’s commercial nature, making it less affordable for average residents.

Relatively High

7. Things To Do

With a primary focus on business, leisure activities are limited to eateries and a few retail outlets, lacking substantial entertainment options for families or individuals.

Limited Variety

8. Noise Levels

The area experiences regular activity due to offices and traffic, which can contribute to elevated noise levels, particularly during peak hours.

Moderately Noisy

9. Pet Friendliness

While some buildings may allow pets, the area lacks adequate green spaces for walks and pet play, making it less favorable for pet owners.

Slightly Accommodating

Schools

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Key Information

Developer: Al Mazaya Holding

Building Type: Commercial

Building Age: 13 years(completed in 2011)

Unit Types : Offices and shops

Floors: 50

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

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