New Dubai Gate 2 in Jumeirah Lakes Towers - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for completed properties in New Dubai Gate 2

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
Studio	35	22,734	785,000
1	77	15,276	1,172,500

Rents in New Dubai Gate 2

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
Studio	41	1,390	57,000
1	71	1,081	76,500
2	81	1,011	81,875

The cap rate (rental yield) of investments into New Dubai Gate 2 project is 7.6% on average.

The price of an apartment in New Dubai Gate 2 is 16,645 AED/sqm on average.

The long term rent of an apartment in New Dubai Gate 2 is 1,102 AED/sqm/year on average.

Price for completed Studio apartment in New Dubai Gate 2 is 785,000 AED or 22,734 AED/sqm.
Price for completed 1 bedroom apartment in New Dubai Gate 2 is 1,172,500 AED or 15,276 AED/sqm.

Rent for Studio apartment in New Dubai Gate 2 is 57,000 AED or 1,390 AED/sqm.
Rent for 1 bedroom apartment in New Dubai Gate 2 is 76,500 AED or 1,081 AED/sqm.
Rent for 2 bedroom apartment in New Dubai Gate 2 is 81,875 AED or 1,011 AED/sqm.

About New Dubai Gate 2

'New Dubai Gate 2' in 'Jumeirah Lakes Towers' area project description

New Dubai Gate2 is a new residential project located in the heart of Dubai, UAE. The project is a joint venture between Dubai Properties and Meraas Holding, two of the leading real estate developers in the region.

The project is located in the Al Furjan area, close to the Jebel Ali Free Zone, and is spread over an area of 3.2 million square feet. It consists of four residential towers, each of which is designed to offer luxurious living spaces with modern amenities. The towers are set to be completed by the end of 2021.

The project offers a range of apartments, ranging from studios to four-bedroom units. The apartments come with a range of features, including high-end finishes, spacious living areas, and modern kitchens. The project also offers a variety of amenities, such as a swimming pool, gym, and a children’s play area.

The project is located close to a number of popular attractions, such as the Dubai Marina, the Palm Jumeirah, and the Dubai Mall. It is also close to a number of public transportation options, making it easy for residents to get around the city.

The project is designed to provide a luxurious lifestyle for its residents. It offers a range of facilities and amenities, such as a concierge service, 24-hour security, and a range of leisure and entertainment options. The project is also designed to be energy efficient, with green features such as solar panels and energy-efficient lighting.

The project is set to become one of the most sought-after residential projects in Dubai. It is set to provide its residents with a luxurious lifestyle, with all the modern amenities and features they could wish for.

Q&A on New Dubai Gate 2

What are the advantages of 'New Dubai Gate 2' project in Dubai for property buyers? What are the disadvantages?

1. Prime Location: The project is located in the heart of Dubai, close to the city’s major attractions and business hubs. This makes it an ideal choice for real estate buyers looking for a convenient and central location.

2. Affordable Prices: The project offers competitive prices for its units, making it an attractive option for budget-conscious buyers.

3. High-End Amenities: The project features a range of high-end amenities such as a swimming pool, gym, and children’s play area, making it an attractive option for those looking for a luxurious lifestyle.

4. Easy Payment Plans: The project offers flexible payment plans, making it easier for buyers to purchase their units.

5. High Rental Yields: The project is expected to generate high rental yields, making it an attractive option for investors looking for a good return on their investment.

What projects are better than 'New Dubai Gate 2' project in Dubai which are located close by, and why?

- Almas Tower: Renowned for being one of the tallest buildings in the JLT area, Almas Tower is primarily a commercial building but offers premium office spaces with state-of-the-art facilities and direct access to retail and food outlets. Its architecture and high-end amenities make it a superior choice for businesses.

- Indigo Tower: This mixed-use property offers both residential and commercial spaces. The residential apartments are spacious with high-quality finishes and amenities like a swimming pool, gym, and retail outlets at ground level, making it a preferred choice for those seeking luxury living combined with convenience.

- Armada Towers: Consisting of three buildings, Armada Towers provides a variety of residential options as well as commercial spaces. The towers are well-equipped with facilities such as swimming pools, health clubs, and retail areas. Its strategic location near metro stations adds to the convenience.

- Green Lakes Towers: Known for their luxury finishes and spacious apartments, Green Lakes Towers offer high-end residential living. The development includes advanced amenities such as rooftop pools, modern gyms, and health clubs. The buildings are located near the metro, making daily commutes easier.

- Lake Shore Tower: This residential building offers a variety of apartment types with high-quality finishes. Comprehensive amenities include a swimming pool, gym, sauna, steam room, and children’s play areas. The picturesque view of the lakes and proximity to retail outlets and metro stations enhance its appeal.

- Saba Towers: Consisting of three towers, these provide premium commercial and residential spaces. The residential units are spacious with modern amenities such as swimming pools, gym, and health clubs, along with easy access to numerous dining and retail options.

- Laguna Tower: Features a mix of hotel, residential, and commercial spaces, offering diverse accommodation and business solutions. The luxurious penthouses, serviced apartments, and state-of-the-art office spaces make it a versatile option. High-end facilities including wellness centers, pools, and dining options contribute to its prestige.

These projects typically offer higher quality finishes, state-of-the-art amenities, and strategic locations that provide easier access to metro stations, dining options, retail outlets, making them stand apart from the New Dubai Gate 2 project.