Wind Tower 2

Wind Towers 1 & 2 are located in Cluster B of Jumeirah Lake Towers. After lengthy delays, construction recommenced on site in 2014. Current delivery expectation is for Q3 or Q4 of 2016.

Property Types Available: Apartments
Location: Sheikh Zayed Road
Cluster: B
Status: Under Construction
Year Launched: 2007
Estimated Completion Date: September 2017
Developer: HABN
Title Type: Freehold
Quality Classification: Mid-end
Height Classification: High-rise
Life Cycle: Under Construction
Floors: 37

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About Wind Tower 2

Overview

The Wind Tower 1 & 2 are located in Cluster B of Jumeirah Lake Towers. The buildings were launched in 2007 but construction was stalled following the financial crisis of 2008 / 2009.

The project was revived under the Dubai Land Department's Tanmiyat program and construction recommenced in 2014. Delivery of the project is now expected by Q3 or Q4 of 2016.

Both Wind Towers consist of simplex & duplex apartments as well as limited office space.

October 2015 Update

There are currently a limited number of units available for sale in Wind Tower 1 & 2, Jumeirah Lake Towers Cluster B.

Wind Towers is one of the few remaining under-construction projects in the mature Jumeirah Lake Towers community. With full frontage along Sheikh Zayed Road, Wind Towers rises 30 towers and will consist of both apartments and office space.

The project faced a lot of delays before being taken over by another developer in 2013. Construction has progressed quite rapidly since, and delivery is expected in Q3 or Q4 of 2016.

There are currently a few studios available for sale at AED 1,200 per sq. ft. Net sizes of 481 - 527 sq. ft. Prices range from AED 538,000 - AED 581,000.

There are also a number of duplex 1 bedroom apartments for sale at AED 1,150 per sq. ft. Net sizes range from 600 - 678 sq. ft. Selling prices range from AED 684,000 - 788,000.

75% of the purchase price is payable now. 5% is payable in January 2016. 10% payable in March 2016. The final installment of 10% is payable on handover (officially scheduled for July 2016).

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Project Completion Status (as per DLD): 72.49% (as of Oct 9, 2017)

Dubai Land Classification & Escrow Account Details:

Land Number: 9

Project Number: 399

Real Estate Developer: H A B N REAL ESTATE DEVELOPMENT L.L.C

Trust Account Number: 0204636913003

Account Trustee Name: EMIRATES NBD BANK

RERA Permit No : 15128

Brokerage Firm: Taktical Realty Group LLC

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