5-STAR HOTEL & HOTEL APARTMENTS @ CLUSTER F1, JLT

“Discover an unparalleled investment opportunity in Jumeirah Lake Towers’ premier 5-star hotel. This architectural gem stands as a testament to luxury and financial potential in Dubai’s thriving real estate landscape. With its strategic location, sophisticated amenities, and a reputation for excellence, this hotel embodies both prestige and high-value investment, promising a lucrative venture in one of the city’s most sought-after districts.”

UNIT CONFIGURATIONS:

Hotel units:
Total (Net area) of hotel units: 121,847 sq. ft
Floor (2-12): 209 Hotel Units
Studio: 165 units
1 Bedroom: 44 units
Floor 18: Mechanical Floor

Hotel Apartment units:
Total (Net area) of hotel apartment units: 18,863,444 sq. ft
Floor (13-35): 325 Hotel Apartment Units
Studio: 188 units
1 Bedroom: 135 units
2 Bedroom: 1 unit
3 Bedroom: 1 unit

CONSTRUCTION STATUS:
Work completed: 70%
Remaining works: Civil and MEP works, Plumbing, Electrical, and firefitting.

AMOUNT REQUIRED FOR COMPLETING THE PROJECT: 76 MILLION AED (Excluding 5% VAT)
Duration for completion: 24 + 1 month

VALUATION DETAILS:
Last Valuation Date: December 2014
585 MILLION AED (upon completion) (by both Chestertons and Valustrat)

But considering the market in 2023, there will be a minimum appreciation of 20% in
the market value of the property.

PROJECTED MARKET VALUE IN 2023: 700 MILLION AED

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