Tamweel Tower
Properties for Sale in

Tamweel Tower

About the project

Tamweel Tower is an apartment complex in Jumeirah Lake Towers. The building was designed by the state-owned company Nakheel. The construction was completed in 2009.

The tower is located on the north side of JLT, in cluster U. Among other buildings in this cluster, Al Seef Tower 2, and 3 also stand out.

The height of the complex is 34 floors. On the first floor there are retail spaces, retail stores and cafes.

The facades are made of modern and safe materials, with panoramic glazing and spacious balconies.

Tamweel Tower offers 2 and 3 bedroom apartments for purchase. The complex has a total of 145 housing units.

The units include equipped kitchens, fitted closets, air conditioning and heating, en-suite bathrooms in each bedroom, minimalist finishes with high quality materials, pantries, dining areas, lounges and balconies. There are views of the sights of the area.

For residents’ comfort, the complex features an equipped fitness center, gym, swimming pool, sauna, recreational spaces, as well as high-speed elevators, underground parking for 419 spaces, and conference rooms. An advanced 24-hour security system is provided for security.

Tamweel Tower Hotel is located in the building, which provides concierge, maid, and reception services to residents.

Pets are allowed in the complex.

Apartments start at 157 sq. m (1,690 sq. ft). Prices start from AED 1,200,000 (USD 326,704).

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Location

Tamweel Tower’s proximity to Sheikh Zayed Road provides easy access to other areas of Dubai. Residents have easy access to public transport links. Bus, metro and streetcar stations are all within walking distance.

The international airport can be reached in 36 minutes by car. And the Mall of the Emirates is a 10-minute drive away.

On the territory of JLT there are exclusive residences, shopping and business centers, gourmet restaurants and bars, nightclubs and entertainment venues, beauty salons, banks and pharmacies.

Near the complex is an artificial reservoir JLT Lake, along which residents can take hikes.

For golf lovers, within walking distance, is Emirates Golf Club. And you can also take a walk and spend time with your family at the Dubai Marina Walk.

In the area there are educational institutions such as Willow Nursery, Paddington Nursery, and Kid Kare Nursery.

Medical clinics near the apartments include Ramadi Physio & Neuro, The Dome MedDental Clinic, and Armada Medical Center.

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Payback

Investment in the apartments of Tamweel Tower will bring a return on investment of up to 7.3% per year.

Rents for the two-bedroom apartments are AED 96,000 (USD 26,136) per year.

Net income can therefore be AED 83,016 (USD 22,601).

For the annual maintenance of the complex management company charges AED 8,184 (USD 2,773). The rental property tax of 5% equates to AED 4,800 (USD 1,307).

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