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Jumeirah Business Centre 5, JLT

Jumeirah Business Centre 5, JLT

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Jumeirah Lake Towers (JLT), Cluster Q, Dubai

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Strengths

Prime Location

Modern Facilities

Flexible Office Spaces

Weakens

High Rental Cost

Traffic Congestion

Limited Parking

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Buildign Overview

Summary

  • Located in the vibrant Jumeirah Lake Towers (JLT) area, the Jumeirah Business Centre 5 offers a strategic position for businesses and entrepreneurs.
  • The building is surrounded by a myriad of dining options, cafes, and retail shops, making it a convenient hub for professionals.
  • Excellent transport links are available, with the Jumeirah Lake Towers metro station just a short walk away, connecting residents to Dubai's extensive public transport network.
  • Key landmarks nearby include the Dubai Marina and the iconic Mall of the Emirates, enhancing the overall appeal of the location.

Properties Overview

  • Jumeirah Business Centre 5 features a mix of office spaces, from small suites to larger corporate offices, making it suitable for both startups and established companies.
  • Rental prices for office spaces generally range from AED 50,000 to AED 150,000 per year, depending on size and specifications.
  • For those interested in purchasing property, prices can vary greatly, typically starting from AED 700,000 for smaller units.

Market Trends

  • The commercial real estate market in JLT has seen a steady increase in demand over the past year, with a vibrant rental market supported by numerous new businesses.
  • Average rental prices have experienced a slight increase of around 5% in the past year, with prospects indicating a continued upward trend as JLT remains a highly sought-after business hub.
  • Investors can expect a competitive ROI, estimated at about 7-9% for well-located properties within JLT.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents and workers benefit from proximity to various supermarkets, such as Carrefour and Spinneys, along with healthcare facilities like Emirates Hospital Clinic and Mediclinic.

Transportation and Accessibility

  • Accessibility is enhanced via the Metro, with the JLT station offering connectivity across Dubai, and numerous dedicated parking spaces available for tenants and visitors.

Lifestyle Amenities

  • The area boasts an impressive array of leisure options, including fitness centers, restaurants, cafes, and scenic walks by the lake, perfect for relaxation and networking.
  • Dining options range from casual eateries to high-end restaurants, catering to diverse tastes.

Builing Facilities

  • Jumeirah Business Centre 5 is equipped with modern amenities, including high-speed elevators, round-the-clock security, central air conditioning, and dedicated maintenance services.

Special Services

  • The building offers additional services such as a concierge desk, business centers equipped with meeting rooms, and visitor management, enhancing the working experience.

Planning Your Move or Investment

Floor Plans and Property Types

  • Recently renovated and flexible office layouts are available, catering to various business sizes and operational needs, providing options from open spaces to private offices.

Things to Consider

  • Potential tenants and buyers should evaluate key factors such as proximity to clients, amenities offered, and overall business environment before making a decision.
  • Factors like parking availability and building maintenance should also be taken into account.

Useful FAQs and Support

Events and Building Life

Building Events

  • Jumeirah Business Centre 5 regularly hosts networking events, workshops, and recreational activities, fostering a sense of community among tenants.

Community Identity

  • This building stands out for its modern architecture and commitment to providing a vibrant workplace, making it an attractive choice for both local and international businesses.

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Detailed Buiding Insights

1. Family Friendliness

The area has several family-friendly amenities including parks and schools, but it is primarily a business district.

Moderately Welcoming

2. Living Options

Offers a range of living options, including apartments suited for singles, professionals, and small families, though limited in low-cost housing.

Diverse

3. Safety And Security

The locality is known for its low crime rates and effective security measures, making it a safe environment for residents.

Generally Secure

4. Transportation

Excellent public transport links and proximity to major highways enhance accessibility, making it easy to commute.

Highly Convenient

5. Amenities And Facilities

The community is equipped with various amenities such as cafes, gyms, and supermarkets, catering to the daily needs of residents.

Well-Equipped

6. Cost Of Living

While the area has good amenities, the cost of living is higher as it is positioned in a business hub with luxury offerings.

Relatively High

7. Things To Do

There are various activities available, including dining and entertainment, though not as diverse as residential neighborhoods.

Vibrantly Achievable

8. Noise Levels

Expect typical city noise due to business activities, but residential areas are less affected, offering a balanced environment.

Generally Moderate

9. Pet Friendliness

While pets are allowed in many residences, the availability of pet-friendly parks and facilities is limited.

Somewhat Accommodating

Schools

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Key Information

Developer:  Al Fajer Properties

Building Type: Commercial

Building Age: 14 years(completed in 2010)

Unit Types : Offices and retail spaces

Floors: 39

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

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