O2 Residences in Jumeirah Lakes Towers - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for completed properties in O2 Residences

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
1	77	13,004	1,000,000
3	181	14,658	2,650,000

The price of an apartment in O2 Residences is 13,898 AED/sqm on average.

Price for completed 1 bedroom apartment in O2 Residences is 1,000,000 AED or 13,004 AED/sqm.
Price for completed 3 bedroom apartment in O2 Residences is 2,650,000 AED or 14,658 AED/sqm.

About O2 Residences

'O2 Residences' in 'Jumeirah Lakes Towers' area project description

O2 Residences is a distinguished residential development located in the Jumeirah Lakes Towers (JLT) area of Dubai, a prime community that is strategically positioned just off Sheikh Zayed Road. JLT is known for its mix of residential, commercial, and retail properties, all featuring modern architectural designs and a lively, community-focused lifestyle. O2 Residences epitomize this blend, offering a sophisticated living environment with an array of amenities and stunning views of the surrounding landscape.

The project comprises a 41-storey tower, with an array of spacious apartments that range from one to four-bedroom configurations, presenting a variety of options to potential residents. The design of the apartments in O2 Residences is thoughtfully tailored to meet the requirements of modern living, combining luxury, comfort, and functionality. Each apartment is fitted with high-quality finishes, expansive windows to maximize natural light, and private balconies that provide panoramic views of either the enchanting lakes or the bustling cityscape.

The tower features an extensive range of amenities designed to offer a holistic living experience. These include a state-of-the-art fitness center, a temperature-controlled swimming pool, and dedicated spaces for yoga and relaxation. Families with children will appreciate the presence of a well-maintained children's play area. Additionally, the development includes multipurpose rooms, 24-hour security, and concierge services, ensuring residents' needs are met promptly and efficiently.

A significant advantage of residing in O2 Residences is the array of conveniences available within the JLT community. The neighborhood is famed for its lush landscaping, meandering lakes, and a plethora of dining and retail outlets clustered around these serene water bodies. Numerous cafes, restaurants, and shops offer residents a vibrant social scene right at their doorstep.

Transportation links are another highlight, with the Dubai Metro’s Red Line running nearby, providing seamless connectivity to other parts of the city, including the bustling business districts of Dubai Marina and Downtown Dubai. Easy access to major highways facilitates quick commutes to key locations within the UAE.

Sustainability is also a focus in O2 Residences, featuring energy-efficient systems and environmentally friendly materials, reflecting Dubai's broader commitment to sustainable urban living. The building is designed to minimize its carbon footprint while providing a high standard of living.

O2 Residences presents a compelling option for those seeking a cosmopolitan lifestyle in one of Dubai’s most vibrant and well-connected communities. Its combination of luxurious amenities, thoughtful design, and convenient location make it an attractive choice for both end-users and investors seeking valuable real estate opportunities in Dubai.

Q&A on O2 Residences

What are the advantages of 'O2 Residences' project in Dubai for property buyers? What are the disadvantages?

Advantages of 'O2 Residences' in Jumeirah Lakes Towers (JLT):

1. Prime Location: Positioned in the heart of JLT, offering easy access to main highways, metro stations, and prominent areas like Dubai Marina and Downtown Dubai.
2. Amenities: Comprehensive facilities including a gym, swimming pool, sauna, steam room, and children's play area, catering to diverse lifestyle needs.
3. View: Offers stunning views of the Jumeirah Lakes, cityscape, and surrounding greenery, enhancing the living experience.
4. Community Environment: Close-knitted community atmosphere with numerous dining, retail, and entertainment options within walking distance.
5. Security: High-level security features including 24/7 surveillance, ensuring residents' safety.
6. Investment Potential: Strong rental yields and capital appreciation given the popularity of the JLT area.
7. Quality Construction: High-quality finishes and modern design elements contributing to long-term durability and aesthetic appeal.
8. Parking Facilities: Ample parking spaces for residents and visitors, a significant benefit in crowded urban settings.

Disadvantages of 'O2 Residences' in Jumeirah Lakes Towers (JLT):

1. Traffic Congestion: Despite good location, JLT is known for traffic congestion, particularly during peak hours.
2. Noise Levels: Urban setting might lead to higher noise levels from traffic and construction activities in the vicinity.
3. Service Charges: Relatively high service charges compared to other residential projects in Dubai, impacting overall cost.
4. Limited Green Spaces: While JLT is designed with lakes and clusters, the amount of green open spaces is limited compared to some suburban communities.
5. Overhead Costs: Potentially higher overhead costs due to the extensive amenities and shared facilities maintenance.
6. Rental Competition: High competition in the rental market within JLT due to the large number of residential towers, which might affect rental rates.
7. Age of Building: Depending on the specific time of evaluation, the building may be older compared to newer developments offering more modern amenities and designs.
8. View Obstruction: Future developments might obstruct scenic views currently available from the residence, impacting property value and living experience.

These factors are essential for potential buyers to consider when evaluating the 'O2 Residences' in JLT for both living and investment purposes.

What projects are better than 'O2 Residences' project in Dubai which are located close by, and why?

1. Almas Tower:
- Higher architectural standard
- Iconic status as the tallest tower in JLT
- Advanced facilities and amenities

2. Bonnington Tower:
- Luxury hotel and serviced apartments
- Exceptional amenities including a sky pool and leisure deck
- Prestigious and well-maintained

3. Tamweel Tower:
- Larger apartment units
- Premium finishing and design
- Exclusive residency with fewer residents

4. Jumeirah Business Centre 1 (JBC 1):
- Primarily a business tower, but has high-quality commercial office spaces
- Modern infrastructure with state-of-the-art facilities
- Prime location within JLT Cluster G

5. Saba Tower 2:
- Higher quality construction
- Well-established with a robust rental market
- Advanced security and building management systems

6. Green Lakes Towers:
- Superior build quality and finishing
- Extensive views and larger unit sizes
- Comprehensive amenities including gyms and pools

7. Mag 214:
- Stylish and contemporary design
- High ceilings and large windows for better light
- Better maintenance and upkeep services

What are the closest schools to 'O2 Residences' project in Dubai?

- Dubai British School: Located in The Springs.
- Emirates International School Meadows: Situated in The Meadows, approximately 10-15 minutes away by car.
- Dubai International Academy: Based in Emirates Hills.
- Regent International School: Found in The Greens, a short drive from Jumeirah Lakes Towers.
- International School of Choueifat: Part of the SABIS network, located in Dubai Investments Park, reachable within a 15-20 minute drive.

What are the closest medical clinics to 'O2 Residences' project in Dubai?

1. Armada Medical Centre
2. Medcare Medical Centre
3. Life Medical Center JLT
4. Dr. K Medical Center
5. Emirates Hospitals Clinic - JLT
6. German Dental Oasis
7. Your Health Clinic