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Reef Tower, JLT

Reef Tower, JLT

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Jumeirah Lake Towers (JLT), Cluster R, Dubai

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Strengths

Prime Location

Modern Amenities

Eco-friendly Design

Weakens

High Maintenance Costs

Traffic Congestion

Noise Levels

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Buildign Overview

Summary

  • Reef Tower, located in the vibrant Jumeirah Lake Towers (JLT) area, is a modern, high-rise building offering a stunning view of the surrounding lakes and parks.
  • Conveniently positioned near major road networks, residents benefit from easy access to the Dubai Marina, Palm Jumeirah, and key business districts.
  • Nearby amenities include supermarkets, cafes, restaurants, and recreational sports facilities, making it an ideal location for both professionals and families.

Properties Overview

  • Reef Tower features a diverse selection of residential properties, including 1, 2, and 3-bedroom apartments with various layouts and sizes.
  • Rental prices typically range from AED 60,000 to AED 120,000 annually, while sales prices can vary from AED 1,000,000 to AED 2,000,000 depending on the unit size and floor level.
  • The most sought-after units often have premium finishes and panoramic views of the Dubai skyline and water features.

Market Trends

  • The real estate market in JLT has displayed steady growth, with rental prices experiencing a slight increase of around 8% over the past year, reflecting higher demand.
  • Investors can expect a return on investment (ROI) ranging from 6% to 8%, appealing for those looking to capitalize on the thriving rental market.
  • Future trends indicate continued development in the area, likely pushing demand and prices upward.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents have access to essential services including supermarkets like Spinneys and Carrefour, educational institutions such as International Schools in Dubai, and healthcare facilities like NMC Hospital.

Transportation and Accessibility

  • Public transport options are excellent, with the Dubai Metro (JLT station) just a short walk away, along with multiple bus services.
  • Ample parking facilities are available, ensuring easy accessibility for residents and visitors.

Lifestyle Amenities

  • The building houses top-notch facilities such as a fully equipped gym, swimming pool, and access to various restaurants and cafés catering to diverse tastes.
  • Green spaces surrounding the building offer jogging tracks, picnic areas, and outdoor sports options.

Builing Facilities

  • Reef Tower boasts state-of-the-art facilities including high-speed elevators, 24/7 security and concierge services, central air conditioning, and prompt maintenance support.

Special Services

  • Residents benefit from premium concierge services, guest accommodations for visitors, and business centers for professional use, enhancing the living experience.

Planning Your Move or Investment

Floor Plans and Property Types

  • A variety of floor plans are available, catering to different lifestyles and budgets, ensuring options for both renters and buyers.

Things to Consider

  • Potential tenants and buyers should consider proximity to their workplace, community atmosphere, and available amenities before making a decision.

Useful FAQs and Support

Events and Building Life

Building Events

  • Reef Tower hosts regular community events, such as seasonal celebrations, networking gatherings, and wellness workshops, fostering a sense of community among residents.

Community Identity

  • The building is distinguished by its contemporary design and commitment to sustainable living, contributing positively to the overall identity of JLT.

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Detailed Buiding Insights

1. Family Friendliness

Reef Tower offers numerous family-oriented amenities, including playgrounds and family-focused community events, making it a great place for families.

Very Welcoming

2. Living Options

The community features a variety of residential options, from spacious apartments to luxury penthouses, catering to various preferences and budgets.

Highly Diverse

3. Safety And Security

The tower is equipped with advanced security systems, including 24/7 surveillance and on-site security personnel, ensuring residents feel safe.

Exceptionally Secure

4. Transportation

Reef Tower is well-connected to major roads and public transport services, providing easy access to different parts of Dubai.

Conveniently Accessible

5. Amenities And Facilities

The community boasts a range of amenities, including swimming pools, gyms, and retail shops, enhancing the living experience.

Richly Equipped

6. Cost Of Living

The cost of living in Reef Tower is competitive compared to similar developments in JLT, making it a viable option for many residents.

Moderately Priced

7. Things To Do

With a variety of restaurants, cafes, and leisure activities nearby, residents have plenty of options for entertainment and relaxation.

Vibrantly Active

8. Noise Levels

While located in a bustling area, the sound insulation in the tower helps maintain a peaceful atmosphere within the residences.

Relatively Quiet

9. Pet Friendliness

Pets are allowed in the community, but there are some restrictions, such as size and breed, which can limit options for pet owners.

Moderately Welcoming

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Information is compiled using advanced tools. Ensure critical details are independently confirmed.

Key Information

Developer: Reef Real Estate Investments LLC

Building Type: commercial

Building Age: 15 years(completed in 2009)

Unit Types : Office units

Floors: 34 floors

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

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