Lolena Residence
About the project
(sq. ft.)
Developed by Al Masarat Real Estate, Lolena Residence is a residential complex located in Jumeirah Village Circle, Dubai. The self-contained community offers a wide range of amenities and was designed by the architectural firm Nakheel.
Properties include spacious studios and one- to two-bedroom apartments. Studios have a minimum size of 37 sq. m (391 sq. ft.) and feature well-designed open-plan kitchens, fitted wardrobes, and modern bathrooms. One-bedroom apartments have a minimum size of 60 sq. m (650 sq. ft.) and have open-plan kitchens, spacious layouts, floor-to-ceiling windows, fitted wardrobes, and balconies that overlook the community. Two-bedroom apartments have a minimum size of 101 sq. m (1,292 sq. ft).
Residents can enjoy a variety of amenities and services, including:
- Parking
- Security and video surveillance
- Swimming pool
- Concierge services
- Fitness Centre
- Parks
- Running and cycling paths
- Fire safety system
- Central air conditioning
- Maintenance services
- High-speed elevators
- Event space
- Equipped gym
- Pet-friendly accommodations
One-bedroom apartments have a starting price of AED 400,000 (USD 109,000). Two-bedroom apartments have a starting price of AED 650,000 (USD 177,000), and studios have a starting price of AED 275,000 (USD 75,000).
*The price is valid for 2021
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Property Information
- Location Jumeirah Village Circle, Dubai, UAE
- Developer Nakheel
- Status of Project Ready
- Type of Project Residential Building
- Units 1-2BR
- Area from 391 sq. ft.
Location
Lolena Residence is located within a short drive of other residential buildings, such as Emirates Garden, Sydney Tower, and Kensington Manor, which also offers upscale apartments for sale and rent.
The Qamash Blvd A 1 bus stop is situated within a five-minute walk of the apartments. The Nakheel Villas T12 bus stop is located within a 10-minute walk, and the Samer Park bus stop can be reached within a five-minute drive. The Mashreq Metro Station is situated within a 15-minute drive. The Mall of the Emirates Metro Station is located within a 20-minute drive, and the First Abu Dhabi Bank Metro Station can be reached within a 15-minute drive.
For groceries and household goods, residents can shop at Greens, West Zone Fresh, and Jyothi’s, which are situated within a five-minute drive of the residences, and Spinneys can be reached within a 20-minute drive.
The complex is located within a short drive of several popular destinations, including:
- Dubai International Stadium – 10 minutes
- Dubai Butterfly Garden – 15 minutes
- The Selfie Kingdom – 15 minutes
Payback
Jumeirah Village Circle has many educational institutions, private medical clinics, shopping centres, and supermarkets. The community is well-developed and offers a range of amenities to ensure a comfortable living environment.
Studios are the most in-demand units for sale and rent.
The annual rental rate for a one-bedroom apartment starts at AED 37,000 (USD 10,000), and the annual rental rate for a studio starts at AED 35,000 (USD 10,000).
Properties have a high level of economic attractiveness that is associated with the return on investment rate, which can reach up to 7.9%, a figure that is expected to increase in the coming years.
*The price is valid for 2021
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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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