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Platinum Tower, JLT

Platinum Tower, JLT

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Jumeirah Lake Towers (JLT), Cluster I, Dubai

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Strengths

Prime Location

Modern Amenities

Eco-Friendly Design

Weakens

Parking Challenges

Noise Levels

High Maintenance Fees

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Buildign Overview

Summary

  • Platinum Tower is a premium skyscraper situated in the bustling Jumeirah Lake Towers (JLT) community of Dubai, an area known for its vibrant lifestyle and stunning lake views.
  • The tower is conveniently positioned near major arterial roads, providing easy access to the Sheikh Zayed Road and is surrounded by a myriad of dining, shopping, and leisure facilities.
  • Adjacent to notable landmarks like the Dubai Marina and the iconic Palm Jumeirah, residents of Platinum Tower enjoy a blend of luxury living and accessibility.

Properties Overview

  • The building features a range of residential options, including spacious apartments with one, two, and three-bedroom configurations, appealing to both investors and tenants.
  • Current rental prices typically start at AED 70,000 for one-bedroom apartments, while sale prices can range from AED 950,000 to AED 2,500,000 depending on the unit size and view.

Market Trends

  • The real estate market in JLT has shown dynamic growth, with a 5% increase in rental prices over the past year and a stable demand for high-quality residences.
  • Investors can expect an attractive return on investment (ROI) of around 7%-9%, driven by the area's popularity with expatriates and professionals.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Platinum Tower is conveniently located near several supermarkets, international schools, and healthcare facilities, providing residents with all essential services.
  • Nearby institutions include the International School of Arts and Sciences and the Emirates Hospital Clinic, enhancing the community's family-friendly appeal.

Transportation and Accessibility

  • Residents benefit from excellent public transportation options, including the Dubai Metro and numerous bus routes that facilitate easy travel throughout the city.
  • Ample parking space is available for residents and visitors, making access to the tower seamless.

Lifestyle Amenities

  • Platinum Tower boasts numerous lifestyle amenities, including a well-equipped gym, swimming pool, and leisure areas.
  • The surrounding JLT area features a wealth of restaurants, cafes, and retail shops, perfect for dining and recreation.

Builing Facilities

  • The tower offers modern facilities including high-speed elevators, round-the-clock security, centralized air conditioning, and regular maintenance services.

Special Services

  • Residents can enjoy added conveniences such as concierge services, business centers, and guest services, enhancing the overall living experience.

Planning Your Move or Investment

Floor Plans and Property Types

  • Platinum Tower provides a variety of thoughtfully designed floor plans catering to a range of lifestyles, from compact studio apartments to spacious family homes.

Things to Consider

  • Prospective tenants and buyers should assess factors such as proximity to workplaces, access to public transport, and available amenities before making a decision.

Useful FAQs and Support

Events and Building Life

Building Events

  • Platinum Tower regularly hosts community events, social gatherings, and networking opportunities, fostering a sense of community among residents.

Community Identity

  • The architectural elegance and modern amenities of Platinum Tower contribute to its unique identity, making it a favored choice among Dubai's luxury residential offerings.

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Detailed Buiding Insights

1. Family Friendliness

Platinum Tower offers a family-friendly environment with spacious apartments and nearby parks. However, some amenities tailored for children are limited.

Moderately Welcoming

2. Living Options

The tower provides a variety of living options, including one, two, and three-bedroom apartments, catering to different family sizes and lifestyles.

Diverse Range

3. Safety And Security

With 24/7 security personnel, CCTV surveillance, and controlled access points, residents experience a secure living atmosphere.

Highly Secure

4. Transportation

Platinum Tower is well-connected by public transport, including the metro and taxis, making commuting easy for residents.

Conveniently Accessible

5. Amenities And Facilities

The tower features a wide range of amenities, including a swimming pool, gym, and community spaces that enhance the living experience.

Richly Equipped

6. Cost Of Living

While the cost of living is slightly above average compared to some areas in Dubai, the quality of life and amenities justifies the expenses.

Relatively Reasonable

7. Things To Do

Residents enjoy easy access to a variety of dining, shopping, and entertainment options in the surrounding JLT area.

Vibrantly Diverse

8. Noise Levels

Despite being in a busy area, the tower's soundproofing and strategic location help maintain a relatively quiet living environment.

Generally Peaceful

9. Pet Friendliness

Platinum Tower is open to pets, but there are some restrictions regarding size and type, limiting complete pet-friendly enjoyment.

Moderately Accommodating

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Key Information

Developer: DMCC

Building Type: commercial building

Building Age: 15 years(completed in 2009)

Unit Types :  spacious offices 

Floors: 44 floors

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

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