Al Waleed Paradise Tower
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Al Waleed Paradise Tower

About the Al Waleed Paradise Project

Al Waleed Paradise is a 35-storey residential complex located in Dubai Jumeirah Lakes Towers. The skyscraper from Al Waleed Real Estate, a well-known developer in the UAE, was completed in 2008, and the architectural consultant of the project was Eng. Adnan Saffarini.

The real estate collection in the complex represents 247 properties, namely studios, apartments with 1, 2, 3, and 4 bedrooms and two penthouses. All residences are ready to move into and are fully equipped with plumbing, built-in closets and wall-wide panoramic windows overlooking the road and skyscrapers. The minimum studio size at Al Waleed Paradise is 46.5 square meters (501 square feet), and the cost of housing in the complex starts from AED 1,000,000 (USD 272,200).

Al Waleed Paradise provides the following amenities and services to residents:

  • balconies in all residences;
  • high speed elevators;
  • a rooftop lounge with rooftop pool;
  • a jacuzzi and sauna;
  • a modern gym;
  • three levels of parking;
  • round the clock security and video surveillance;
  • centralized air conditioning system;
  • restaurants and supermarkets nearby;
  • Metro and park within walking distance;
  • unconditional right of ownership (freehold).
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Location

Jumeirah Lakes Towers, where Al Waleed Paradise Tower is located, has many modern skyscrapers of different designs and is surrounded by artificial lakes. The residential complex is located near Dubai Internet City, Media City and American University and has direct access to the city’s main street Sheikh Zayed Road. The DAMAC Properties metro stop is an 8-minute walk away, while the JLT, Tiffany Tower and Saba 1 ground public transport stops are 5 and 8 minutes away respectively. Carrefour, West Zone Fresh and ZOOM supermarkets are also nearby.

Transport from Al Waleed Paradise can take residents to the following popular destinations:

  • DXB international airports in 30 minutes, Al Maktoum in 40 minutes;
  • Dubai Mall and Dubai Fountain, Burj Khalifa in 20 minutes;
  • Palm Jumeirah in 15 minutes;
  • the Burj Al Arab hotel in 20 minutes;
  • The Walk JBR in 15 minutes.
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Return on investment

The property is an attractive proposition for investors. The complex’s modern amenities and close proximity to the park, walking areas and subway attract long-term tenants. Smaller apartments can be rented profitably to students and businessmen, and multi-bedroom units are suitable for families.

The return on investment in Jumeirah Lakes Towers has a high rate of 6.42%. Two-bedroom apartments in this complex can be purchased at an average price of AED 1,000,000 (USD 272,200) and rents for this type of housing can be around AED 75,000-100,000 (USD 20,400-27,200) per year.

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