Preatoni Tower, JLT
About Preatoni Tower
643 feet tall, Preatoni Tower (previously called Dubai Star Tower), in the community of Jumeirah Lake Tower (JLT), is a mix-use building containing apartments as well as offices. Dubai Star is a development project of Nakheel property group, one of the biggest property developers in the middle-east. Its architectural framework has been developed by Eng. Adnan Saffarini. This tower has 46 floors located above ground, while 3 are below the ground. In total, there are 226 residential units in this building.
The development of Dubai Star Tower was proposed in 2005 while construction on this structure finally started in 2007. However, the building was just completed last year in 2018. The reason behind its late completion is the financial crisis faced by the original developer. However, in 2014, the project was purchased by the Preatoni Property Group (an Italian firm) who restarted the development project and finished its construction in 2018. Preatoni Tower, JLT is ranked 83rd in the tallest buildings of Dubai and 170th of the Middle East. Preatoni Tower, JLT Cluster L directly links with First Al Khail Street. The Almas West Lake is facing north of the building that means residents of the north side apartments can also view the lake from their balconies.
IN A NUTSHELL
- Stands 643 feet tall
- Considered to be the second largest building in JLT
- Originally proposed in 2005 and was completed in 2018
- Mix-use tower for commercial and residential purposes
- Located in Cluster L of JLT
- Linked directly with First Al Khail Street
Facilities in Preatoni Tower, JLT
Parking in Preatoni Tower, JLT comes in the form of covered parking area within the building premises. Visitors will not be able to park their vehicles within the building premises. However, they can park in one of the several surrounding designated car parking areas in JLT. The closest car parking is a 20-minute walk, east of Preatoni Tower Dubai, known as Premier Car Parks DMCC.
When it comes to elevators in Preatoni Tower, JLT, there are at least three dedicated elevators that are both fast and regularly maintained.
Security, Central Air-Conditioning and Maintenance Services
Preatoni Tower, JLT is a well-maintained building. Each and every unit within the building has central air-conditioning, ensuring that residents enjoy their living spaces in absolute comfort during the summer heatwaves. 24/7 security system is also there to ensure the safety of the residents.
There is a dedicated conference room within the building for important business and informal meetings.
Gym and Fitness Facilities
For fitness conscious people, there is a gym in Preatoni Tower, JLT Cluster L. Residents will find a variety of exercise equipment needed for strength training as well as cardio.
Preatoni Tower, JLT Cluster L has a large swimming pool that means you do not need to go far from the comfort of your home for swimming. There are also a sauna and jacuzzi rooms. To entertain the kids in the community, as there is a large outdoor, fenced kids play area with padded floors. There are slides, a treehouse and a few swings. Despite an outdoor space, it is well-protected from the sunlight.
Concierge and Guest Services
Residents will find living in Preatoni Tower Dubai comfortable and convenient, if they require additional assistance, they can always avail the 24 hour concierge service.
There is no clear policy on keeping pets in the building, thus residents should discuss the matter with their realtors or building management.
The building is equipped with various safety features, these include.
- Fire extinguishers throughout every floor
There are also fire escape staircase, enabling residents to escape unharmed.
Preatoni Tower, JLT Floor Plans
Flats in Preatoni Tower, JLT are offered in various sizes and configurations, the following is a brief description of their layouts.
- Studio apartments in Preatoni Tower, JLT consist of two different unit types
- 1-bed apartments in Preatoni Tower, JLT consist of two different unit types
- 2-bed apartments in Preatoni Tower, JLT consist of two different unit types
- 4-bed apartments in Preatoni Tower, JLT consist of four different unit types
Bayut has worked on creating a simple format for 2D and 3D floor plans on the website. You can easily find the unit type and bed type you're interested in by browsing floor plans for Preatoni Tower.
Apartment Types in Preatoni Tower, Dubai
There is a wide selection of apartments to choose from in Preatoni Tower, JLT Cluster L.
Studio Apartments in Preatoni Tower
Studios in Preatoni Tower, Dubai will come with 500 sq. ft. of floor space and a bathroom. The flat comes with a large, open kitchen with plenty of wood-finished cabinets. The bathroom sink is constructed with granite marble, giving it a luxurious feel. Lastly, lighting fixtures are fixed to the roof, which allows maximum spread of light throughout the apartment.
1-Bedroom Apartments in Preatoni Tower
The typical 1-bed apartment will come with 920 sq. ft. of floor space and 2-bathrooms. This flat also has an open kitchen and a granite top table for dining, extending outwards from the kitchen area. There is a balcony in this flat, and recessed lights have been fixed in place throughout the suite.
2-Bedroom Apartments in Preatoni Tower
Those interested in 2-bed flats will find that the typical unit will come with 1,211 sq. ft. of floor space. This unit has the same design as the one bed flat mentioned earlier but comes with one additional room.
Most Popular Apartment Types in Preatoni Tower
Based on searches conducted by users on Bayut.com over the past 6 months
As per February 2019 report by Bayut, the top most popular apartment in Preatoni Tower, Dubai are 2-bed flats, placing them at 72.9% for overall market share. In second place are 1-bed apartments that take a share of 18.8%. Finally, there are studio flats, popular only with 8.3% of tenants.
Rental Trends in Preatoni Tower
When deciding on renting a flat in Preatoni Tower, one could expect the following rates to apply.
- Rental studio flats will demand an average rent that will vary from AED 42k to AED 55k per annum.
- 1-bed rental apartments in Preatoni Tower can be leased between the prices of AED 60k to 80k per annum.
- Those interested in renting a 2-bed residential unit can expect the rental rates to fall between AED 74k to AED 75k per annum.
An important point to keep in mind that payment policies will vary from realtor to realtor. For those looking for a larger variety of similarly equipped apartments, they can look into Jumeirah Lake Towers apartments for rent.
Sale Trends in Preatoni Tower
Investors can expect the following sale prices for apartments in Preatoni Tower.
- Buying a studio flat in Preatoni Tower can cost between AED 560k to AED 570k
- For those looking to buy a 1-bed flat, they expect to pay between AED 625k to AED 2.0M.
- There is also the option to buy 2-bed apartments in Preatoni Tower which will range between AED 900k to 1.1M
There is also the option to seek financial assistance through private banks at a low intrest rate. Investors can also consider similarly designed units by considering Jumeirah Lake Towers apartments for sale.
Rental Yield in Preatoni Tower
Based on searches conducted by users on Bayut.com over the past 6 months
A Feb 2019 report by Bayut, it was revealed that studio apartments had the highest ROI at 8.7%. Next, 2-bed units closely followed by promising an average return of 8.3%. Finally, 3-bed flats offered a return of 8.1%.
Transportation near Preatoni Tower
One of the perks of living in JLT is the vast availability of public transportation near Preatoni Tower, Dubai. At a two-minute walk is the Preatoni Tower bus stop. Walk west for 5-minutes, and one will reach the JLT Dome Tower bus stop. However, the closest metro is a 23-minute walk away which is the DMCC metro station.
Restaurants near Preatoni Tower
Popular restaurants near Preatoni Tower, JLT Cluster L include:
- Bahar Restaurant
- Little Erth by Nabz & G
JLT has a huge selection of casual and fine-dining establishment. One will rarely have to leave the community to experience unique dining. Some top restaurants include the Bahar Restaurant which is an 8-minute drive from Star Tower. At Bahar, one can dine on classic Iranian food such as Baghli Polo, Bareh Kebab, Mahi Kebab and various other menu items. This restaurant has an outdoor as well as indoor seating arrangement. For those who like contemporary food, there’s the Little Erth by Nabz & G which is a 7-minute drive from Preatoni Tower, Dubai. Here, the most popular dishes include Pho, Salads, Sweet Potato Fries, Spaghetti, Fried Potato, Veg Burger, Spring Roll and a few other items. On average, two people can expect to pay around AED 205 to dine at this establishment.
Nearby fine dining establishments include:
- The Cavendish Restaurant
- Ayubowan restaurant
- Nais Italian Kitchen
At a distance of 5-minutes, there is The Cavendish Restaurant, one of the best restaurants in JLT. It is a fine-dining establishment specializing in menu offerings that include British, Irish and Mediterranean food. They also have a buffet menu, and the place is wheelchair accessible. Apart from the diverse menu, this place also has a full-service bar. For those looking to experience Sri Lankan food in an upscale environment, there is Ayubowan restaurant just 3-minutes away. Here, one can experience dishes like Chicken Kothu, Prawn Trio, Nasi Goreng and hot-butter cuttlefish. For Italian food lovers, there is Nais Italian Kitchen which is a 5-minute drive away. Keep in mind that both Ayubowan and Nais Italian Kitchen don’t serve alcohol.
Supermarkets near Preatoni Tower
Supermarkets near Preatoni Tower, JLT include:
- Spinneys JLT branch
- Al Maya Supermarket
There are several large and small supermarkets near the Preatoni Tower, Dubai. For instance, the Spinneys JLT branch is a 6-minute drive. For those who want to shop at Carrefour, they can expect to reach there in 3-minutes via car. There is also the Al Maya Supermarket which is a little further away at 7-minutes.
Nearby landmarks include:
- Address Montgomerie
- Ibn Battuta Mall
- Jebel Ali Racecourse
At a 9-minute drive, there is Address Montgomerie which is one of the largest golf courses in Dubai. At 8-minutes away, there is Ibn Battuta Mall which is a large, themed mall based on the travels and adventures of Ibn Battuta. At 12-minutes away, there is Jebel Ali Racecourse where major horse racing events take place.
THINGS TO CONSIDER
Given that this building was completed in 2018, many of the amenities may be missing or under process. Also, there are a lot of vacant apartments in Preatoni Tower, this is because people have just begun moving into this building.