New Dubai Gate 1 is a 42-storey building in the Jumeirah Lake Towers area developed by Bonyan International Investment Group. Construction of the complex began in 2005 and was completed by the end of 2010.
The building has a total of 588 units of 416 to 1,519 square feet, including comfortable studios and 1, 2 and 3-bedroom apartments. They have magnificent views of the artificial lakes of the Jumeirah Lakes Towers neighborhood. There are large built-in closets, walk-in closets and balconies.
The residents of the complex are offered:
All areas of the building are connected to the central air conditioning system and are under round-the-clock video surveillance and security. There are concierge services and pets are allowed.
Property prices in New Dubai Gate 1 start from AED 400,000 (USD 109,000).
New Dubai Gate 1 Tower has excellent transport links. First of all, it provides direct access to the Mohammed bin Zayed Road, linking Jumeirah Lake Towers with other areas of Dubai. The nearest bus stop is right next to the complex by the neighboring Saba Tower 1 building. The DMCC Landside Metro Station is a short walk away.
New Dubai Gate 1 is close to Dubai’s famous attractions. Residents can reach Dubai Mall, Mall of the Emirates (10 minutes drive), Dubai Marina Walk (15 minutes drive), and Ski Dubai (20 minutes drive), which is a state-of-the-art ski center, just a few minutes drive away.
Near the complex, within walking distance, there are many cafes, restaurants and supermarkets.
The Jumeirah Lake Towers area is included in the free economic zone and is known as a place with a high concentration of offices of the world’s leading companies involved in the sale of gold and precious stones. Businessmen from hundreds of countries flock there to solve major business problems and make business connections.
The average gross yield on real estate investments (apartments) in the Jumeirah Lake Towers area is 6.38%. This is due to the high demand for rental housing from those who come to Dubai for work and from tourists. The latter chose this area because of its proximity to the beaches and major attractions of the city, combined with the absence of crowds of vacationers.
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