Latifa Tower
About the project
(sq. ft.)
Latifa Tower is a 45-storey mixed-use development located on Sheikh Zayed Road in Dubai. The building is situated next to Dubai International Financial Centre and World Trade Centre. Commissioned in 2012, the project was developed by Al Rostamani Pegel LLC Developer, and the architectural design was implemented by Arkiplan Consulting Architects & Engineers.
The tower has 37 commercial floors and eight residential floors. Properties include offices, five-bedroom penthouses, and two- to three-bedroom apartments.
Apartments and penthouses feature clever designs and have large kitchens, fitted wardrobes, panoramic windows, spacious living rooms, dining rooms, ensuite bathrooms, and staff accommodations.
The complex offers a variety of amenities and services, including:
- Parking with allocated spaces
- 19 high-speed lifts
- Fully furnished conference facilities
- 24-hour security and video surveillance
- Maintenance services
- Swimming pool
- Steam baths
- Jacuzzi
- Squash courts
- Gym
- High-speed Wi-Fi
- Cleaning services
- 24-hour concierge services
Residential units range in size from 1,185 sq. ft. to 2,268 sq. ft., and offices range in size from 1,062 sq. ft. to 8,254 sq. ft.
Property Information
- Location Sheikh Zayed Road, Dubai, UAE
- Status of Project Ready
- Type of Project Mixed Use Building
- Units 2-3BR - Apartments, 5BR - Penthouses, Offices
- Area from 1,185 sq. ft.
Location
The nearest public transportation stops, White Crown Tower, Durrah Tower, and Trade Centre, are situated within a five-minute walk of the residences. Dubai International Airport can be reached within a 15-minute drive, and Al Maktoum International Airport is located within a 50-minute drive.
The complex is situated near many social, commercial, and leisure facilities, including:
- Dubai Mall
- ZOOM, Lifco, Al Maya Mart, and Spinneys
- Café Blossom, Caffe Nero, Traders House Café, and Level 43 Sky Lounge
- Citizens School and Jumeira Baccalaureate School
- Allied Medical Centre Hospital
The building is also located within a five- to 10-minute drive of several popular attractions, including:
- The Dubai Fountain, one of the city’s main attractions
- The Glow Garden, a luminous garden with a variety of beautiful art objects
- Museum of the Future, a museum showcasing all of today’s innovative inventions
Payback
Sheikh Zayed Road is one of Dubai’s main thoroughfares, which connects all of the emirates together. Therefore, residential property in the area will always be of interest to investors. Today, Latifa Tower offers properties with a return on investment rate that ranges between 6% and 7%.
The annual rental rate for a one-bedroom apartment in Latifa Tower starts at AED 92,000 (USD 25,000), and investments can be recouped within 16 to 18 years.
*The price is valid for 2021
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