Ready-to-move properties
Goldcrest Executive
$292,600
Property type:1 bedroom
Projected cash-on-cash return:5,3%
District:Jumeirah Lakes Towers
Developer:Star Giga
Class of the property:"C"- Class of the district:"B"
Rating Masterpiece:2★
Completion date:2008
Income guarantee:Unavailable
Window view:City
About district
Location
- DistrictJumeirah Lakes Towers
Jumeirah Lake Towers (JLT) is a community set along the Gulf Coast where you can live, work and play. The area is built up with 87 towers consisting of apartments, offices and retail outlets, located around three lakes and a park area of 55,000 sq. m (590,000 sq. ft). The water bodies and landscaped areas of JLT cover a total of 730,000 sq. m (7,900,000 sq. ft). In total 80 towers are located around the lakes, and 7 are on the waterfront overlooking the island of Palm Jumeirah. The buildings range in height from 35 m to 45 m.
The tallest central structure of the community is Almas Tower which has 66 floors. The first tower in the JLT development was built in 2006, and by 2011 the complex was 80% complete. The project continues to evolve, albeit at a slower pace. The developer DMCC has recently announced a plan to create the tallest commercial tower in the world, the Burj 2020.
There are 26 clusters in total in Jumeirah Lake Towers. The infrastructure is represented by social facilities, hotels, supermarkets and public service amenities. More than 35,000 people live in Jumeirah Lake Towers permanently and there is a noticeable trend of population growth in the area.
JLT is located adjacent to the main highway of the city, the Sheikh Zayed Road which quickly connects the complex to other areas of Dubai, for example you can reach Jumeirah Beach in just 10 minutes. Public transportation is represented by metro stations and bus stops. Depending on the residence in a particular cluster, the nearest metro stations are DMCC or Sobha Realty.
Almost every cluster has a kindergarten and early learning center. Schools are located in nearby neighbourhoods and are generally just a 10-15 minute drive away. There are university campuses in the area, across from JLT is Knowledge Park with branches of international institutions of higher education, as well as several comprehensive medical centers, including Armada, Optimum Diagnostic Clinic and many more.
The tallest central structure of the community is Almas Tower which has 66 floors. The first tower in the JLT development was built in 2006, and by 2011 the complex was 80% complete. The project continues to evolve, albeit at a slower pace. The developer DMCC has recently announced a plan to create the tallest commercial tower in the world, the Burj 2020.
There are 26 clusters in total in Jumeirah Lake Towers. The infrastructure is represented by social facilities, hotels, supermarkets and public service amenities. More than 35,000 people live in Jumeirah Lake Towers permanently and there is a noticeable trend of population growth in the area.
JLT is located adjacent to the main highway of the city, the Sheikh Zayed Road which quickly connects the complex to other areas of Dubai, for example you can reach Jumeirah Beach in just 10 minutes. Public transportation is represented by metro stations and bus stops. Depending on the residence in a particular cluster, the nearest metro stations are DMCC or Sobha Realty.
Almost every cluster has a kindergarten and early learning center. Schools are located in nearby neighbourhoods and are generally just a 10-15 minute drive away. There are university campuses in the area, across from JLT is Knowledge Park with branches of international institutions of higher education, as well as several comprehensive medical centers, including Armada, Optimum Diagnostic Clinic and many more.
Statistics by district
Unit cost
Sales price
Unit cost
Sales price per sqft
About developer
Star Giga
Star Giga Enablishment Limited came into being in Dubai, UAE in 2004. It’s a joint venture by Mazyood Giga International and ETA Star. The company has a vision to lead in the creation of community style-living in the region. All the projects by this union of giants are a study in modern engineering and models for real estate development.
About building
About Goldcrest Executive
The Goldcrest Executive is a 40-floor tower in the Jumeirah Lake Towers in Dubai, United Arab Emirates. The tower has a total structural height of 165 m (541 ft). Construction of the Goldcrest Executive was completed in 2008.
Intentionally located minutes away from key business hubs like DIC, DMC, Knowledge Village , Jebel Ali and prime freehold property developments like Palm Jumeirah / Jebel Ali, Dubai Marina, Springs, Meadows and other emerging projects, Goldcrest Executive is a mixed use development offering both residential and commercial units.
It is primarily located in the Cluster C of the emerging Free Zone District in Dubai, Jumeirah Lake Towers. It has been popular in the property market because of its offices with fantastic designed layouts and fully furnished apartments. It is also a breathtaking landmark surrounded by crystal clear lakes, verdant greens, and lush landscaping.
It is ideal place for you to live in if you are looking for elegant apartment and spacious office if you are a corporate owner as well.
Intentionally located minutes away from key business hubs like DIC, DMC, Knowledge Village , Jebel Ali and prime freehold property developments like Palm Jumeirah / Jebel Ali, Dubai Marina, Springs, Meadows and other emerging projects, Goldcrest Executive is a mixed use development offering both residential and commercial units.
It is primarily located in the Cluster C of the emerging Free Zone District in Dubai, Jumeirah Lake Towers. It has been popular in the property market because of its offices with fantastic designed layouts and fully furnished apartments. It is also a breathtaking landmark surrounded by crystal clear lakes, verdant greens, and lush landscaping.
It is ideal place for you to live in if you are looking for elegant apartment and spacious office if you are a corporate owner as well.
Features / Amenities
Parking
Area for recreation with landscaped grounds
Swimming pool with thermoregulation
Gym, fitness club
Spa
Children’s play studio
Bars and restaurants
Stores
Concierge services
Apartment
Floor Plans
1 bedroom / 770 sqft
$292,600
Process of purchasing
Process of purchasing property
Payment of 10% deposit to receive a memorandum
During the initial stage, it is necessary to make a deposit of 10% of the property value to confirm your seriousness and readiness to proceed with the purchase.
Your deposit will be transferred to us and held until the completion of the final settlements and registration of the transaction with the Land Department.
This is to ensure your confidence in receiving a refund of the deposit in case the deal does not proceed at the seller's initiative. If the deal falls through due to your fault, your deposit will be transferred to the seller as compensation.
The deposit can be made in one of the following ways:
Please contact Buyer B and our company through this link: link to file
During the initial stage, it is necessary to make a deposit of 10% of the property value to confirm your seriousness and readiness to proceed with the purchase.
Your deposit will be transferred to us and held until the completion of the final settlements and registration of the transaction with the Land Department.
This is to ensure your confidence in receiving a refund of the deposit in case the deal does not proceed at the seller's initiative. If the deal falls through due to your fault, your deposit will be transferred to the seller as compensation.
The deposit can be made in one of the following ways:
- Payment to the company in Dubai
- Check
- Cash in Dubai
- Payment in cryptocurrency (USDT)
- Passport
- ID (if available)
- Phone number
Please contact Buyer B and our company through this link: link to file
Acquiring a No Objection Certificate (NOC) from the developer for selling your property, which is necessary for registering the transaction with the Dubai Land Department
A No Objection Certificate (NOC), or permission from the developer, is a notification that confirms that the seller has no outstanding dues to the developer. The process of obtaining this permission for selling the property can vary in duration, typically ranging from one day to two or three weeks, depending on the specific construction company.
Once you have obtained this permission from the property seller, you will be able to officially transfer the property you are acquiring.
A No Objection Certificate (NOC), or permission from the developer, is a notification that confirms that the seller has no outstanding dues to the developer. The process of obtaining this permission for selling the property can vary in duration, typically ranging from one day to two or three weeks, depending on the specific construction company.
Once you have obtained this permission from the property seller, you will be able to officially transfer the property you are acquiring.
Finalizing the sales agreement, which outlines all the transaction details
The agreement for purchasing and transferring the property is processed through the official online portal of the government and will be sent to you via email for your electronic signature.
There is no requirement for notarizing real estate transactions in the UAE, as a simple written form is sufficient.
The sales agreement for the property should include the following points:
MOU - Final Sales Contract: link
The agreement for purchasing and transferring the property is processed through the official online portal of the government and will be sent to you via email for your electronic signature.
There is no requirement for notarizing real estate transactions in the UAE, as a simple written form is sufficient.
The sales agreement for the property should include the following points:
- The specific property being sold,
- The total cost of the property being acquired,
- Any additional payments related to the transaction (such as agent's commission, payments to the developer, registration fees with the Land Department, reimbursement of pre-paid expenses for maintenance, etc.),
- The time limit for completing the sales transaction,
- The deadlines and procedures for making payments,
- The responsibility of the parties in the event of failure to comply with the contract terms.
MOU - Final Sales Contract: link
Registering Property in the New Owner's Name at the Land Department.
Calculations are Done During Registration
The Dubai Land Department maintains an electronic property registry. When you and the seller apply to register the transfer of ownership rights, you will receive a Title Deed certificate immediately. This certificate will confirm your ownership rights to the property you have acquired.
Title Deed: Link to Title Deed
To complete the registration process with the Land Department, you must provide the following documents:
The registration of the property for the new owner is conducted offline at the Land Department. If you are unable or prefer not to be present at the Land Department for the registration process, you have the option to authorize our agent through a notarized power of attorney. The fee for online notarization of the power of attorney is $700. During the property registration process, you and the seller will need to settle the final payments for the sales transaction. Before issuing the registration certificate, the government registrar will ask both you and the seller to make mutual settlements and sign a document confirming that the seller has no claims regarding payment for the property. Typically, settlements are made by transferring pre-prepared bank cheques from you to cover the required amounts. If you do not have a bank account in Dubai and are unable to issue a bank cheque, we can assist you. You have the option to make settlements with us in any convenient form, such as cash or cryptocurrency.
Calculations are Done During Registration
The Dubai Land Department maintains an electronic property registry. When you and the seller apply to register the transfer of ownership rights, you will receive a Title Deed certificate immediately. This certificate will confirm your ownership rights to the property you have acquired.
Title Deed: Link to Title Deed
To complete the registration process with the Land Department, you must provide the following documents:
- Original passports of both the buyer and seller.
- Original property registration certificate under the seller's name.
- Original No Objection Certificate (NOC) issued by the developer, allowing the property sale.
- Copy of the sales and purchase agreement.
The registration of the property for the new owner is conducted offline at the Land Department. If you are unable or prefer not to be present at the Land Department for the registration process, you have the option to authorize our agent through a notarized power of attorney. The fee for online notarization of the power of attorney is $700. During the property registration process, you and the seller will need to settle the final payments for the sales transaction. Before issuing the registration certificate, the government registrar will ask both you and the seller to make mutual settlements and sign a document confirming that the seller has no claims regarding payment for the property. Typically, settlements are made by transferring pre-prepared bank cheques from you to cover the required amounts. If you do not have a bank account in Dubai and are unable to issue a bank cheque, we can assist you. You have the option to make settlements with us in any convenient form, such as cash or cryptocurrency.
Management
How can we effectively manage real estate to achieve a return?
The initial and crucial step in transferring an apartment to our management is to sign a three-year cooperation agreement. This agreement outlines the specific conditions to be followed and establishes the monthly payment amounts that you will receive.
Furthermore, the agreement specifies the preferred method of payment to ensure your utmost convenience when receiving funds.
This agreement serves as a guarantee of our commitment to transparency and our long-term partnership.
What does our guarantee include?
Furthermore, the agreement specifies the preferred method of payment to ensure your utmost convenience when receiving funds.
This agreement serves as a guarantee of our commitment to transparency and our long-term partnership.
What does our guarantee include?
- Register with DTCM
- Pay utilities (DEWA), gas, AC, Wi-Fi
- Pay consumables as per DTCM guidelines, including bedding, towels, crockery, etc.
- Cleaning
- Advertise for tenant search
- Facilitate tenant check-in and check-out
- Service Charge
- Pest control
- Provide preventive maintenance up to AED 500
- Repairs
- Furnishing
- Decorations
The next step in our process is to prepare the real estate property for handover, making sure it meets the high standards set by DTCM.
If needed, we will handle any necessary repairs and ensure the property is fully furnished, in line with DTCM standards. Furthermore, we always make sure to thoroughly clean the apartment to ensure our clients are satisfied.
We proceed with a professional photoshoot of the property to list it on dedicated platforms for client search. It is worth mentioning that other companies frequently impose a commission of 500 AED or higher for comparable services.
Our objective is to guarantee meticulous preparation of the property and provide our clients with supplementary services without any additional charges.
If needed, we will handle any necessary repairs and ensure the property is fully furnished, in line with DTCM standards. Furthermore, we always make sure to thoroughly clean the apartment to ensure our clients are satisfied.
We proceed with a professional photoshoot of the property to list it on dedicated platforms for client search. It is worth mentioning that other companies frequently impose a commission of 500 AED or higher for comparable services.
Our objective is to guarantee meticulous preparation of the property and provide our clients with supplementary services without any additional charges.
We advertise our apartments to a diverse international and local audience through popular online platforms like Dubizzle, Bayut, Property Finder, Booking.com, Airbnb, as well as through our own agency network.
Our experienced sales team can secure tenants for your apartment within two weeks. With our wide network of contacts and effective marketing strategies, we ensure a quick and efficient rental process for your property.
Our experienced sales team can secure tenants for your apartment within two weeks. With our wide network of contacts and effective marketing strategies, we ensure a quick and efficient rental process for your property.
At our company, we understand the importance of happy and satisfied clients. That's why we go above and beyond to provide exceptional service to each of our landlords. Our team is available 24/7 to address any concerns or queries.
In addition, we offer flexible check-in and check-out times that cater to the needs of our tenants. We strive to make their experience as convenient as possible.
We establish formal contracts with every landlord, ensuring the security of both our company and our clients.
Before moving in, each tenant provides a deposit, ensuring the safety of their belongings in the rented apartment.
In addition, we offer flexible check-in and check-out times that cater to the needs of our tenants. We strive to make their experience as convenient as possible.
We establish formal contracts with every landlord, ensuring the security of both our company and our clients.
Before moving in, each tenant provides a deposit, ensuring the safety of their belongings in the rented apartment.
Following the departure of each tenant, we diligently inspect the apartment and assess the condition of the furniture for any damages or signs of wear. In the event that damages are identified, we promptly reach out to the tenant and deduct the appropriate amount from their deposit.
This meticulous process guarantees the upkeep of the property and furniture in excellent condition for future tenants, while also ensuring compliance with deposit agreements.
This meticulous process guarantees the upkeep of the property and furniture in excellent condition for future tenants, while also ensuring compliance with deposit agreements.
Each month, on the 10th, we will provide you with an interest payment of based on your preferred payment method.
We offer the following payment methods for your convenience:
We offer the following payment methods for your convenience:
- Bank transfer
- Cryptocurrency payment
- Payment to your bank card
- Cash payment
Learn all the details about this project on the free zoom-consultation with our real estate advisor
As a result of the meeting, you'll receive:
Personalized investment strategy
Detailed Сash-on-cash calculation
Legal tax optimization options
Insights about mortgage and purchase process
Head
office:
Office 213, 2 Floor, MSM 1 Building, Al Safa 1, Dubai, UAE
© 2024 Masterpiece Group. All Rights Reserved
E-mail:
Phone:
License №1092965
P.O. Box:
454924
Real estate investment agency and management company with over 13 years of experience in the Dubai market
Office 213, 2 Floor,
MSM 1 Building, Al Safa 1,
Dubai, UAE
MSM 1 Building, Al Safa 1,
Dubai, UAE
