Manara Tower
About the project
(sq. ft.)
Manara Tower is a 32-storey residential complex located in Jumeirah Village Triangle, District 4, Dubai. The project was developed by Tiger Properties and is owned by Waleed Mohammed Mohammed. The architectural design was implemented by LACASA Architects & Engineering Consultants, and the development was commissioned in 2017.
There are 300 residential units, including studios and one- to two-bedroom apartments. Studios have kitchens, living rooms, and modern bathrooms. Apartments feature fitted kitchens, fitted wardrobes, lounge areas, dining areas, ensuite bathrooms, and balconies.
The complex offers a variety of amenities and services, including:
- Secured parking with allocated spaces
- Video surveillance
- Maintenance services
- Barbecue area
- Fully equipped gym
- Jacuzzi, steam room, and sauna
- Swimming pools for adults and children
- Children’s play area
- Concierge services
- Retail outlets
- Three high-speed lifts
Studios and apartments range in size from 379 sq. ft. to 1,329 sq. ft. and range in price from AED 315,000 (USD 86,000) to AED 1,050,000 (USD 286,000).
*The price is valid for 2021
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Property Information
- Location Jumeirah Village Triangle, Dubai, UAE
- Developer Tiger Group
- Status of Project Ready
- Type of Project Residential Building
- Units Studios - 2BR Apartments
- Area from 379 sq. ft.
- Total Amount of Units 300
Location
The area does not have any public transportation stops, so residents travel by personal vehicles and cabs. Dubai International Airport and Al Maktoum International Airport can be reached within a 30- to 35-minute drive of the residences.
The complex is situated within walking distance of many social, commercial, and leisure facilities, including:
- City Centre Me’aisem
- Danat Supermarket, Spinneys, and Swiss Mart
- Broccoli Pizza & Pasta, Puranmal Restaurant, and Danat Restaurant
- Arcadia School and Sunmarke School
- Jumeirah International Nursery
- Saudi German Hospital Dubai
The complex is also located within a 15- to 20-minute drive of several popular attractions, including:
- Dubai Miracle Garden, one of the city’s main attractions with more than 250 million plants and flowers
- Dubai Butterfly Garden, a butterfly park with climate-controlled domes
- Global Village, an international park with shops, restaurants, and entertainment venues
Payback
Jumeirah Village Triangle is one of Dubai’s most popular residential areas. It has all the necessary infrastructure organisations, such as supermarkets, shopping malls, schools, and restaurants. Given the area’s continued development, residential units are in demand among tenants and investors. Today, properties at Manara Tower have a return on investment rate of approximately 7.5%.
Annual rental rates range from AED 25,000 (USD 7,000) to AED 83,000 (USD 23,000), and the estimated payback period ranges from 14 to 17 years.
*The price is valid for 2021
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