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Al Waleed Paradise, JLT

Al Waleed Paradise, JLT

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Jumeirah Lake Towers (JLT), Cluster R, Dubai

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Strengths

Prime Location

Modern Facilities

Diverse Community

Weakens

Traffic Congestion

Limited Parking

Noise Levels

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Buildign Overview

Summary

  • Al Waleed Paradise is a prominent residential tower situated in the dynamic Jumeirah Lake Towers (JLT) community, known for its beautiful lakes and modern skyscrapers.
  • The building offers easy access to major roads, ensuring connectivity to Dubai Marina, JBR, and the city core, making it ideal for professionals and families alike.
  • Nearby amenities include retail outlets, dining establishments, and parks, alongside impressive views of the surrounding lakes and towers.

Properties Overview

  • The building features a mix of studio, one, two, and three-bedroom apartments, appealing to both renters and buyers.
  • Rental prices vary, with studios starting at around AED 40,000 per year, while larger units can go up to AED 120,000 or more depending on the specifications.
  • For buyers, properties in Al Waleed Paradise are highly sought after, with prices ranging from AED 600,000 for studios to AED 2 million for spacious three-bedroom layouts.

Market Trends

  • The JLT real estate market has witnessed a steady appreciation in property values over the past year, with an average ROI of approximately 6-8% for investors.
  • Current demand for rental properties has led to an increase in rental prices by about 5% compared to the previous year, driven by the area's popularity and amenities.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents benefit from having numerous supermarkets, schools, and healthcare facilities within walking distance, including the Malabar Gold and Diamonds shopping center.
  • Prominent schools nearby include the International School of Choueifat and Emirates International School, while healthcare requirements can be met at hospitals like NMC Healthcare.

Transportation and Accessibility

  • Al Waleed Paradise is well-served by public transportation, with metro stations nearby facilitating easy commuting.
  • Ample parking space is available for residents and visitors, ensuring convenience for vehicle owners.

Lifestyle Amenities

  • The building boasts amenities such as a gym, swimming pool, and children’s play area, offering a vibrant lifestyle for residents.
  • Dining options within close proximity range from casual eateries to fine dining establishments, catering to various tastes.

Builing Facilities

  • Al Waleed Paradise features modern amenities, including high-speed elevators, dedicated security staff, and central air conditioning.
  • The building is well-maintained, with regular services provided to ensure all communal spaces remain in excellent condition.

Special Services

  • Additional services include a concierge desk, which assists residents with requests and visitors, lending a personal touch to living in the building.
  • The presence of business centers facilitates a professional environment for residents working remotely or needing meeting spaces.

Planning Your Move or Investment

Floor Plans and Property Types

  • Various floor plans are available to meet the diverse needs of residents, including spacious open layouts ideal for families and compact units for singles or couples.

Things to Consider

  • Before making a decision, potential tenants and buyers should assess their budget, preferred unit size, and proximity to workplaces and schools.
  • Consider the amenities that matter most to you, such as parking availability and community facilities.

Useful FAQs and Support

Events and Building Life

Building Events

  • Residents are encouraged to participate in community events such as seasonal gatherings, fitness classes, and social meet-ups, fostering a sense of community.
  • Regular newsletters keep residents informed about upcoming activities and building news.

Community Identity

  • Al Waleed Paradise is distinguished by its contemporary architecture and vibrant community spirit, enhancing its appeal as a desirable living destination in Dubai.
  • The mix of residential and commercial units within JLT contributes to a dynamic urban lifestyle.

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Detailed Buiding Insights

1. Family Friendliness

The community features family-friendly events and amenities, such as playgrounds and recreational parks, making it an ideal environment for raising children.

Exceptionally Welcoming

2. Living Options

Al Waleed Paradise offers a range of apartment styles and sizes, catering to various preferences and budgets, with modern finishes that appeal to young professionals and families alike.

Diverse and Modern

3. Safety And Security

The area benefits from 24/7 security personnel, CCTV surveillance, and access-controlled entry points, ensuring residents feel safe and secure at all times.

Highly Secure

4. Transportation

Excellent connectivity through public transportation, including nearby metro stations and bus routes, facilitates easy commutes to other areas of Dubai.

Very Convenient

5. Amenities And Facilities

Residents have access to various amenities such as gyms, swimming pools, and community centers, enhancing the overall living experience.

Well-Equipped

6. Cost Of Living

While rental prices are slightly above average for JLT, the quality of living and available amenities justify the costs, making it a reasonable option.

Relatively Moderate

7. Things To Do

A multitude of dining, shopping, and entertainment options are just a short walk away, ensuring residents have access to a lively urban lifestyle.

Vibrantly Diverse

8. Noise Levels

Although located in a bustling district, the community is designed to minimize noise pollution, providing a peaceful living environment.

Generally Quiet

9. Pet Friendliness

Many residents are pet owners, and facilities such as pet parks and dog-friendly policies contribute to a welcoming atmosphere for pets and their families.

Friendly and Accommodating

Schools

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Key Information

Developer: Al Waleed Real Estate

Building Type: Residential

Building Age: 16 years(completed in 2008)

Length:  247 apartments

Unit Types : Studios, 1, 2, 3, and 4-bedroom apartments

Floors: 35 floors

Community Insights
Mostly apartments | Luxury | Well connected
Lowest: 135K - 260K AED/year

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