Al Waleed Paradise is a 35-storey residential complex located in Dubai Jumeirah Lakes Towers. The skyscraper from Al Waleed Real Estate, a well-known developer in the UAE, was completed in 2008, and the architectural consultant of the project was Eng. Adnan Saffarini.
The real estate collection in the complex represents 247 properties, namely studios, apartments with 1, 2, 3, and 4 bedrooms and two penthouses. All residences are ready to move into and are fully equipped with plumbing, built-in closets and wall-wide panoramic windows overlooking the road and skyscrapers. The minimum studio size at Al Waleed Paradise is 46.5 square meters (501 square feet), and the cost of housing in the complex starts from AED 1,000,000 (USD 272,200).
The property is an attractive proposition for investors. The complex’s modern amenities and close proximity to the park, walking areas and subway attract long-term tenants. Smaller apartments can be rented profitably to students and businessmen, and multi-bedroom units are suitable for families.
The return on investment in Jumeirah Lakes Towers has a high rate of 6.42%. Two-bedroom apartments in this complex can be purchased at an average price of AED 1,000,000 (USD 272,200) and rents for this type of housing can be around AED 75,000-100,000 (USD 20,400-27,200) per year.