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Al Shera Tower in Jumeirah Lakes Towers - Dubai residental property project

Cap rates, sales prices, rents and deal volumes



Sales prices for completed properties in Al Shera Tower

RoomsSize, sqmSale price, AED/sqmSale price, AED
19215,7131,450,000
217014,8882,525,000

Rents in Al Shera Tower

RoomsSize, sqmRent, AED/sqm/ yearRent, AED
1921,089100,195
2178859152,944

The cap rate (rental yield) of investments into Al Shera Tower project is 6.7% on average.

The price of an apartment in Al Shera Tower is 15,064 AED/sqm on average.

The long term rent of an apartment in Al Shera Tower is 1,014 AED/sqm/year on average.

Price for completed 1 bedroom apartment in Al Shera Tower is 1,450,000 AED or 15,713 AED/sqm.
Price for completed 2 bedroom apartment in Al Shera Tower is 2,525,000 AED or 14,888 AED/sqm.

Rent for 1 bedroom apartment in Al Shera Tower is 100,195 AED or 1,089 AED/sqm.
Rent for 2 bedroom apartment in Al Shera Tower is 152,944 AED or 859 AED/sqm.

About Al Shera Tower

'Al Shera Tower' in 'Jumeirah Lakes Towers' area project description

Al Shera Tower is a 40-storey residential high-rise in Cluster E of Jumeirah Lakes Towers (JLT), Dubai, offering freehold apartments with lake views. Developed by Saleh Bin Lahej Real Estate and master-planned under Nakheel, construction started on January 1, 2005, and completed in November 2006, with handovers to owners beginning in February 2008.

The architecture, designed by DAR Consult, features a distinctive sail-shaped tensile structure crowning the roof, evoking a boat's sail - as reflected in the name Al Shira, meaning "the sail." This sets it apart from neighboring towers with its solid massing, recessed balconies, regulated window apertures, and emphasized glazing on lake and Marina-facing sides. The built-up area spans 540,000 square feet across 3 basements, ground level, and 39 floors above, blending spacious efficiency in design.

The layout includes 253 residential units - primarily one, two, and three-bedroom apartments - plus 12 retail units on lower levels, creating a mixed-use configuration. Apartments offer large layouts with quality finishes, overlooking JLT Lake and the Marina crossroads neighborhood.

Amenities cater to modern living with a swimming pool, steam and sauna facilities, gym, and kids' play area, enhancing resident convenience within the vibrant JLT community.

Strategically located in JLT Cluster E along Sheikh Zayed Road between interchanges 5 and 6, the tower provides easy access to key landmarks: 10 minutes' drive to Palm Jumeirah, 13 minutes to The Walk JBR, 15 minutes to Burj Al Arab, 18 minutes to Dubai Mall, 26 minutes to Dubai International Airport (DXB), and 33 minutes to Al Maktoum International Airport. To reach the beach, drive 10-15 minutes west via Sheikh Zayed Road to Jumeirah Beach Residence (JBR) or further to Jumeirah Public Beach, or use the Dubai Tram from nearby Marina stations for a 20-minute coastal trip.

Nearby projects in JLT include Al Seef Towers, Almas Tower, Al Saqran Tower, Al Waleed Paradise, HDS Tower, Indigo Tower, Dubai Gate 1, One Lake Plaza, Saba Tower 2 and 3, HDS Business Center, Jumeirah Business Centre 3, and Green Lake Towers - forming a dense cluster of residential, commercial, and retail developments around crystal-clear lakes and waterways.

In the JLT market, Al Shera Tower stands as a completed, high-end option in a mixed-use free zone district known for its rapid development and proximity to golf courses like Montgomerie and Emirates, appealing to those seeking upscale lakeside living.

Q&A on Al Shera Tower

What are the closest medical clinics to 'Al Shera Tower' project in Dubai?

1. Armada Medical Centre - Armada Tower 2, Jumeirah Lakes Towers
2. Life Medical Center JLT - HDS Business Centre, Cluster M, Jumeirah Lakes Towers
3. Mediclinic Meadows - Meadows Village, Sheikh Zayed Rd, Meadows
4. Al Das Medical Clinic - Al Das Building, Palm Jumeirah (close proximity via short drive)
5. Swiss Health Medical Center DMCC - Tiffany Tower, Cluster W, Jumeirah Lakes Towers




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