What's the price range at JLT Residences Block 5?
Current price per sqft: AED 8447. Recent transactions: 2BR 2690sqft at AED 20,689,024. Price history (12 months): ranging from AED 8882 to AED 9091/sqft.
JLT Residences Block 5 – Investment & Lifestyle FAQ
Complete guide to JLT Residences Block 5 in JLT: pricing, amenities, rental potential and ownership costs.
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Pricing & Units
What units are available at JLT Residences Block 5?
Unit mix: 36 × 1BR, 12 × 2BR, 39 × 3BR, 0 × 4BR. Total: 151 units. Standard residential tower.
Is JLT Residences Block 5 a good value, or overpriced?
Tier: ULTRA_LUXURY. Investment thesis: "Quality residential with strong fundamentals and consistent market demand.". Comparable buildings in JLT range AED 7947–8947/sqft. Verdict: Premium pricing justified by amenities and brand.. Consult a local agent for current market assessment.
Amenities & Building Features
What amenities does JLT Residences Block 5 offer?
Amenities: Pool, Gym, Concierge, Parking, Community Center. Year completed: 2015. Floors: 14. Well-maintained common areas and 24/7 security.
How many floors and units per floor in JLT Residences Block 5?
14 floors. Total units: 151. Average units/floor: 11. View types: Marina views, City views. Higher floors command premium pricing.
What's the typical apartment layout in JLT Residences Block 5?
Layouts: Studio to 4-bedroom units. Most popular: 1-bedroom (36 units). Sizes vary 500–2,500 sqft. Many units have balconies/terraces. Furnished and unfurnished options available (check listing details).
Location & Proximity
How far is JLT Residences Block 5 from key landmarks?
Beach: 27 mins. Nearby Station metro: 18 mins. Downtown Dubai: 21 mins. Airport (DXB): 41 mins.
Is JLT Residences Block 5 easy to get to and from?
Metro accessible via Nearby Station. Schools within 5–15 mins. Shopping malls: Dubai Marina Mall, Ibn Battuta nearby. Parking: typically 1–2 spaces per unit. Good road connectivity to Sheikh Zayed Road and key exits.
What's the neighborhood like around JLT Residences Block 5?
Located in JLT, a ultra-luxury community. Residents: expat professionals, families, investors. Dining & retail: diverse options within 5–15 mins. Safety: 24/7 security in building and community. Vibe: exclusive and high-end.
Owning Here
What are the service charges and annual costs?
Service charge: ~AED 2956.45/sqft/year typical for tier ULTRA_LUXURY. Estimate for 2BR (1500 sqft): AED 369556.25/month. DEWA: AED 400–600/month. Insurance: AED 1,000–2,000/year. Total holding cost: AED 800–1,500/month.
What kind of residents live in JLT Residences Block 5?
Profile: Mix of owner-occupiers and investors. Typical buyers: expat professionals, families seeking quality lifestyle, buy-to-let investors targeting 4%–6% yields. Nationalities: diverse (UK, India, Saudi, Russia, China well represented). Community vibe: professional, family-oriented, investment-savvy.
What's the rental yield at JLT Residences Block 5?
Gross rental yield: 4.9%–6.4%. 1BR typical rent: AED 9,178.583/month. 2BR: AED 30,866.5/month. Strong tenant demand; typical vacancy: 1–2 months/year.