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V3 Tower, JLT

V3 Tower, JLT

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Strengths

Prime Location

Modern Amenities

Sustainable Design

Weakens

Parking Limitations

Noise Levels

Higher Rent Costs

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Description

V3 Tower, JLT

Real Estate Overview

Building Overview

  • V3 Tower is a prominent skyscraper located in the vibrant Jumeirah Lake Towers (JLT) area, known for its modern architecture and stunning views of the lakes.
  • The tower features an array of dining, retail, and recreational options nearby, making it a highly sought-after location for both residents and investors.
  • Strategically positioned, V3 Tower benefits from excellent connectivity, being adjacent to major roadways and within walking distance to various public transport options.

Properties Overview

  • The building offers a variety of residential units, including one, two, and three-bedroom apartments, suited for diverse residents ranging from singles to families.
  • Recent rental prices range from AED 60,000 to AED 120,000 annually, while sales prices fluctuate between AED 900,000 and AED 1.9 million, depending on the unit specifications.
  • V3 Tower is known for its attractive properties with contemporary designs and premium finishes.

Market Trends

  • The real estate market in JLT has seen a steady demand, with rental prices experiencing a slight upward trend in the past year, driven by the area's increasing popularity.
  • Investors can expect a return on investment (ROI) of approximately 7-8%, which remains competitive in the Dubai market.
  • Future projections indicate continued growth in property values, bolstered by ongoing developments in the surrounding area.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents have convenient access to essential amenities, including supermarkets, schools, and healthcare facilities.
  • Nearby schools cater to various educational needs, while clinics and hospitals provide comprehensive healthcare options.

Transportation and Accessibility

  • V3 Tower is serviced by the Dubai Metro, with several stations within walking distance, enhancing commuting ease.
  • Ample parking spaces and nearby bus stops also contribute to the tower's accessibility to different parts of Dubai.

Lifestyle Amenities

  • The area is rich in lifestyle amenities, featuring state-of-the-art gyms, fine dining restaurants, and bustling cafes.
  • JLT is known for its outdoor recreation, including parks and lakeside walking trails, perfect for active lifestyles.

Builing Facilities

  • V3 Tower boasts several modern facilities including high-speed elevators, round-the-clock security, and effective maintenance services.
  • Centralized air conditioning ensures a comfortable living environment for all residents.

Special Services

  • Additional services such as concierge facilities and business centers are available to meet the needs of both residents and professionals.
  • Guest services enhance convenience for visitors residing in the tower.

Planning Your Move or Investment

Floor Plans and Property Types

  • V3 Tower offers a diverse range of floor plans, each designed to maximize space and functionality, catering to different household requirements.

Things to Consider

  • Prospective tenants and buyers should evaluate property management quality, potential price fluctuations, and community amenities before deciding.
  • Consider the proximity to workplaces and leisure activities, which may influence daily convenience.

Useful FAQs and Support

Events and Building Life

Building Events

  • V3 Tower hosts regular community events and social gatherings, fostering a sense of community among residents.
  • Events such as holiday celebrations, fitness classes, and networking opportunities contribute to an enriching living experience.

Community Identity

  • The tower's unique architectural design and vibrant community spirit create a distinctive identity within JLT.
  • V3 Tower's blend of residential comfort and urban convenience makes it a desirable place for both living and investing.

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Detailed Buiding Insights

1. Family Friendliness

V3 Tower offers a variety of family-friendly amenities and community events, making it a suitable environment for families. However, some units may not have enough space for larger families.

Moderately Welcoming

2. Living Options

The tower features a range of living options, including spacious apartments with various layouts and sizes, catering to singles, couples, and families alike.

Diverse Selection

3. Safety And Security

With 24/7 surveillance and security personnel, V3 Tower prioritizes resident safety, creating a secure living environment.

Highly Secure

4. Transportation

The location is well-connected with public transportation options, including the metro and bus services, making commuting easy for residents.

Conveniently Accessible

5. Amenities And Facilities

V3 Tower boasts a variety of amenities including a fitness center, pool, and communal areas, providing residents with excellent recreational options.

Richly Equipped

6. Cost Of Living

While the living costs are reasonable for the quality of amenities offered, some may find it a bit higher compared to adjacent communities.

Moderately Priced

7. Things To Do

The area surrounding V3 Tower is bustling with restaurants, parks, and entertainment venues, providing residents with ample options for leisure activities.

Vibrantly Diverse

8. Noise Levels

Despite being in a busy area, the design of the tower helps to reduce noise levels, providing a comfortable living atmosphere.

Generally Peaceful

9. Pet Friendliness

V3 Tower allows pets and offers nearby parks, making it a good choice for pet owners, although some restrictions may apply.

Welcoming to Pets

Price Insights

Price Trends
2 Bedrooms apartments rented in Damac and Dubai Marina
Average Prices
This data displayed is based on properystellar last 12 months data.
Name Type Avg. Price (AED / year)
Villa (2Beds)
Sale
1.3M AED
Apartment (1Beds)
Sale
850K AED
Villa (3Beds)
Rent
168K AED

Map Overview

Park and Outdoor Fitness & Gym Hospital and Clinics Shopping Center and Groceries Restaurant & Cafeterias
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Schools

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Local Information

Buy:

241.9K AED - 344.8K AED

Rent:

23K AED - 34.9K AED

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