GMM Tower 1
About GMM Tower 1
(sq. ft.)
GMM Tower 1 is a 16-storey mixed-use complex located in Jumeirah Village Circle, District 12, Dubai. The development has three levels of parking and two basement levels. The project was commissioned in 2019.
Properties include studios and one- and two-bedroom apartments, as well as office and retail spaces. Studios have bathrooms, kitchens, and balconies, and apartments have a minimum of two bathrooms, living rooms, kitchens, and balconies.
The tower provides a variety of amenities and services, including:
- Covered parking
- High-speed lifts for quick movement between floors
- 24-hour security and video surveillance
- Maintenance services
- Swimming pool
- Gym
- Shops, restaurants, and recreation areas on the ground floors
- Concierge services
Residential units range in size from 550 sq. ft. to 1,350 sq. ft., and office space covers an area of approximately 464 sq. ft.
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Property Information
- Location Jumeirah Village Circle, Dubai, UAE
- Status of Project Ready
- Type of Project Apartments & Offices & Retail Spaces
- Units Studios-2BR Apartments
- Area from 550 sq. ft.
Location
The nearest bus stop, Emirates Garden Rose 2, is located within a five-minute walk of the residences. Dubai International Airport can be reached within a 25-minute drive, and Al Maktoum International Airport is situated within a 35-minute drive.
The complex is located near many social, commercial, and leisure facilities, including:
- The Springs Souk
- Holiday Minimart, Need Supermarket, and New West Zone Supermarket
- The Coffee Mug, Coop Restaurant, and Lokmat Baladna
- JSS International School and Sunmarke School
- Green Roots Nursery
- Aster Clinic Hospital
- Masjid Fatma Al Sayed Mosque
- Ghaf Park, Henna Park, and Yas Park
The tower is also situated within a five- to 15-minute drive of several popular attractions, including the following destinations:
- Dubai Autodrome is a popular motorsports circuit that regularly hosts international competitions. Visitors can also rent cars and race on a professional circuit.
- Dubai Miracle Garden is one of the world’s largest natural flower gardens with many unique 3D arrangements.
- Dubai International Stadium is a sports venue that hosts international cricket tournaments.
Payback
Jumeirah Village Circle is home to a mix of residential buildings, parks, and landscaped gardens. Residents have easy access to Hessa Street and Sheikh Mohammed Bin Zayed Road. As a result, properties are in demand among tenants and investors.
Residential units in the area have a return on investment rate that ranges from 6% to 7%. Annual rental rates range from AED 32,000 (USD 9,000) to AED 62,000 (USD 17,000), and offices can be rented for AED 35,000 (USD 10,000). If current trends continue, investments can be recouped within 15 to 18 years.
*The price is valid for 2021
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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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