Seven City JLT is strategically positioned in Cluster Z of Jumeirah Lake Towers (JLT) offering beautiful views of the Emirates Golf Club, Montgomerie Golf Club, as well as overlooking Emirates Hills and other parts of the community.
This residential development features studios, one, two, and three bedroom apartments starting from just AED 375,000. This is a ground + 5 podium levels + 27 floor building. The building amenities will consist of a gym/health club, rooftop infinity pool, and rooftop gardens spread across the projects and accessible to residents.We expect these will be mid-to-high end quality.
While the price points are highly competitive with the market, in addition to the location of the project, one thing to consider is the supply in this project. Initially, given the large number of units being handed over in the project, the leasing out process will take some time and hence we can possibly expect lower rents, resulting in lower yield for investors, while this may be an advantage for the tenants.
Completion is expected in Q2-2021.
|Bedroom||Size Range (Sq. Ft.)|
|Studio||396 0 422|
|One||738 - 899|
Units are selling between approximately AED 900 - 1,000 per sq. ft.
- Studios starting from AED 375,000
- One bed starting from AED 650,000
- Two bed starting from AED 940,000
- Three bed starting from AED 1,395,000
|6%||Every Quarter (Every 3 months)|
|29%||On Completion (Q2-2021)|
About the Developer
Seven City is a development by Seven Tides, a privately owned luxury property developer and holding company. Seven Tides has a portfolio of exceptional properties globally and has various residential, commercial, and resort properties. In Dubai, they have previously developed well-known projects such as Anantara Palm Jumeirah, Dukes Oceana, and Oceana Residences and are currently in the process of developing Se7en Residences on the Palm.
Project Completion Status (as per DLD): 15% (as of 09 June 2018)
Dubai Land Classification & Escrow Account Details:
Land Number: 4517
Project Number: 2065
Real Estate Developer: Seven Tides
Trust Account Number: 0205442266702
Account Trustee Name: EMIRATES NBD BANK