Madina Tower
About the project
Madina Tower is an apartment complex from the developer Reef Real Estate Investment Company located in Jumeirah Lakes Towers. The building includes 34 floors and three-level underground parking. The complex was commissioned in 2008.
Available for sale are 1, 2, and 3-bedroom apartments of various layouts. The living space includes an isolated kitchen and additional rooms. Panoramic windows overlooking the Jumeirah Lakes and JLT Park.
Amenities available to residents include:
- security and video surveillance;
- concierge service;
- underground parking for 400 cars;
- a cinema;
- a conference room;
- an equipped fitness center;
- an outdoor swimming pool;
- a sauna;
- a jacuzzi.
The 1,011 sq. ft (94 sq. m) apartments include one bedroom, two bathrooms, a separate kitchen, a spacious living room and a wide balcony. The minimum price is AED 850,000 (USD 229,500).
*The price is valid for 2020
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Location
Madina Tower has good transport links. It is located in the Cluster O sector of Jumeirah Lakes Towers on Al Saraya St, next to Sheikh Zayed Road. DMCC Metro Station is a 10-minute walk from the apartments. Thanks to this location, the journey to any part of the city takes no more than 40 minutes.
Dubai International Airport is 30 minutes away by car, and Al Maktoum International Airport is 35-40 minutes away.
The historic Deira district is 25-30 minutes away. The Business Bay business district is a 15 to 20 minute drive away.
The Downtown Dubai area is 20 minutes from the apartment complex. Here there are popular attractions such as the skyscraper Burj Khalifa, Dubai Opera House, and Dubai Fountain.
The park, MotionGate Dubai, is about 25 minutes away. Here there are rides, themed pavilions, and other attractions for children and adults.
JBR Beach and the Dubai Marina area are a 10-minute drive away by car.
There are various stores, pharmacies, beauty salons, restaurants and cafes around the complex. Paddington Nursery and Learning Ladder Nursery Park are within walking distance. Araks Medical Center and Amada Medical Center are a 5-10 minute walk from Madina Tower.
Public schools can be found located in Jumeirah Heights. They can be reached in 10 to 15 minutes by car or public transport.
Payback
The profitability of the project is 6.38%. The average long-term rent for a one-bedroom apartment in Madina Tower is AED 60,000 (USD 16,200) per annum.
*The price is valid for 2020
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[email protected]
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+971 4 428 6151
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36th-38th Floor, Al Salam Tecom Tower,
Internet City, Dubai, UAE
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