O2 Residence
About the project
O2 Residence is an apartment complex in the Jumeirah Lake Towers area of Dubai. The 41-storey, 478 ft (146 m) tall, residential building is surrounded by palm trees and fountains.
Developed by Nakheel Properties, the complex offers studios and apartments for sale with floor plans featuring one, two, three, and four bedrooms.
The building includes four high-speed elevators, 24-hour security staff, and concierge services. Property owners have access to at least one parking space.
Residents can enjoy the property’s spacious gym with panoramic windows, swimming pool, jacuzzi, sauna, and steam room. Sports enthusiasts can spend time at the indoor basketball court, and children have their own playground.
O2 Residence has units ranging in size from 580 sq. ft (54 sq. m) to 4,000 sq. ft (372 sq. m). All studios and apartments come with comfortable living and sleeping areas, built-in closets, open kitchens with granite countertops, and bathrooms equipped with modern facilities. Units start at AED 800,000 (USD 217,800), and the maximum price for a four-bedroom apartment is AED 3,650,000 (USD 993,700).
*The price is valid for 2021
Location
The nearest metro station, Damac Properties, is located within an 8-minute walk from the apartment complex, and the nearest bus stop, Saba 1 Tower, is located within a 5-minute walk. The nearest medical centre is Dr K Medical Centre DMCC.
O2 Residence is within walking distance from many nearby restaurants, including Buzz Adda, Hyu Korean Restaurant, Kulcha King, Tibbs Frankie, and Aroos Al Bahr.
There are four supermarkets within a 5 to 7-minute drive or public transportation ride. They include:
- Carrefour Market
- West Zone Supermarket
- Zoom
- Manila Mart
Dubai Marina Mall is located within a 14-minute drive from the apartments and features 130 retail stores, as well as Reel Cinemas, a 6-screen movie theatre.
By car, O2 Residence is located within a short drive of several nurseries and schools, including:
- Dewdrops Nursery (5 min.)
- Russian Synergy University (10 min.)
- Emirates International School (15 min.)
Payback
The return on investment for apartments at O2 Residence is 5 to 8%. The most profitable units are typically one-bedroom apartments with an average return rate of 8.21%. The cost of annual rent ranges from AED 47,000 (USD 12,800) to 200,000 (USD 54,450), and an investment in real estate at this property is projected to pay off within 17 to 20 years.
*The price is valid for 2021
Similar Projects
Metropolitan Premium Properties
-
[email protected]
-
+971 4 428 6111
-
36th-38th Floor, Al Salam Tecom Tower,
Internet City, Dubai, UAE
Get A Free Consultation
Ready for your new home?Popular Searches in the UAE
Our newsletter
Sign up for our weekly newsletter for market updates!