1 bedroom , Al Waleed Paradise
Dubai, JLT, Al Waleed Paradise
Metro station 2-min walk
18.01.2025
ROI (w/o OPEX)
10,59%
Contact broker
($4 137/sqm)
AED 930.000
Unit price:
$254 795
15%
Price growth rate per year:
Total investment amount:
$288 364
  • Unit price: $254 795
  • Renovation price: $1 370
  • Furnishings: $9 589
  • Commission: $5 096
  • DLD fee payment: $10 351
  • Transaction registration: $1 151
  • Legal support of the transaction: $2 192
  • Manager cheque: $3 822
Expenses per year:
$12 576
  • Service charge: $2 214
  • Utilities: $1 315
  • Internet: $1 266
  • AC: $1 644
  • AC maintenance: $219
  • Management fee: $5 918
Calculations:
Contact broker
ROI (w/o OPEX):
10,59%
Net rental income per year (with OPEX):
7,01%%
Rental income per year (w/o OPEX):
$32 877
Rent payments:
$2 740 / $32 877
About the unit:
Total area
61 sqm
Al Waleed Paradise - the 34-storey residential tower in JLT Cluster R from developer Al Waleed Real Estate, built in 2008. The house is located next to JLT Park, which has sports and children's playgrounds, recreation areas and walking areas. The house has a good location: direct access to the main highway of the city, walking distance to the metro, many walking areas, shops and restaurants around.

2 minutes walk to the metro Sobha Realty


2008
Year of delivery
5 / 34
Floor
2
Bathrooms
Building & apartment features
Built-in wardrobes
Underground parking
Security
Swimming pool
Spa area
Balcony
Stunning views
Kitchen appliances
Gym
AC
Details:
  • 1 bedroom
  • 1 bathroom and 1 toilet
  • Area: 61 sq m
  • 5th floor (of 34) apartment 503
  • View of the Marina skyscrapers
  • Unfurnished
  • 1 parking space
  • Vacant
Tower features:

  • Swimming pool with panoramic views on the roof
  • Sauna, jacuzzi, hammam
  • Gym
  • Good transport accessibility
  • Lake and park nearby
  • Chiller free (free air conditioning service)
District
Map

Jumeriah Lake Towers is an ideal neighborhood for investment and living, located in the heart of Dubai. It is an exceptional tranquil neighborhood with serene lakes and green parks. JLT is strategically located between Dubai Marina and Jebel Ali, making it ideal for those looking for convenience and affordability.

Eco-friendly: The neighborhood is built around three artificial lakes and has a huge 55,000 m² green park. In winter there is a market, yoga workshops and open-air movie screenings.

Good transport accessibility: 2 metro stations and exit on Sheikh Zayed road, beaches are literally 15 minutes away, and the nearest large shopping center Dubai Marina Mall is 5 minutes away by transport.

Developed infrastructure: 2 universities, several kindergartens, many supermarkets, medical centers. It is possible to walk to the Marina and beaches
Discover the transformation of the apartments after Colife team's work


Selecting a liquid unit
The main mission of Colife Invest is real estate management. We are dedicated to assisting you in buying property that will be in high demand and rented out without any vacancies.
We take care of every step on the way

Maximizing the rent price for your apartment
We promote each unit and provide additional services for tenants, resulting in faster rentals even during the off-season.

Accompanying the transaction
We provide full support during the entire transaction process, from transferring funds to overseeing the signing of all documents. You do not have to be physically present in Dubai: everything can be done remotely.
We pay you passive income from 6% (net) annually
You can reside in any country. Your unit is fully serviced, from its delivery to addressing the tenants' daily issues. We provide you with a financial report and transfer income in any convenient way.
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Renovating and furnishing the apartment
We have prepared more than 700 apartments for rent and know how to create interior designs quickly and affordably that tenants will be fond of.

Sell the unit if you decide to secure the profitability
We keep track of analytics for all our investors' properties. When we notice a value increase of more than 30%, we offer to secure the profit with full sales support.