Al Shera Tower is a 41-storey apartment complex in Cluster E of Jumeirah Lake Towers. The building has one, two, and three-bedroom apartments, as well as two penthouses with five bedrooms each. The project was developed by Saleh Mohd. Bin Lahej and commissioned in 2007.
Al Shera Tower features indoor parking, high-speed elevators, and 24-hour security staff. There are also a variety of on-site amenities, including a fully equipped gym, swimming pool, sauna, and jacuzzi, as well as event space for hosting banquets and private events. The building’s first floor includes restaurants, supermarkets, and other retail outlets.
Al Shera Tower’s apartments range in size from 996 sq. ft to 2,877 sq. ft, and apartment prices range from AED 830,000 (USD 296,000) to AED 3,180,000 (USD 866,000).
The return on investment for the apartments in Al Shera Tower is between 5.7 and 7.4%. The rental price range for units is between AED 65,000 (USD 17,700) and AED 300,000 (USD 81,700) per year. Given the current purchase and rental prices, a real estate investment at this property is likely to pay off in 12 to 15 years.