Al Waleed Tower

Al Waleed Paradise (Al Waleed Tower) — JLT Cluster R, Dubai | Al Waleed Real Estate

TL;DR: Al Waleed Paradise (also known as Al Waleed Tower) is a completed 33-storey residential building in Cluster R, Jumeirah Lake Towers (JLT), developed by Al Waleed Real Estate. The tower offers freehold studios to 4-bedroom apartments and two luxury penthouses occupying the entire 33rd floor. Key features include a rooftop health club with a temperature-controlled swimming pool, fully equipped gymnasium, 3 basement parking levels, and 24/7 security. Located in Cluster R with walkable access to the DMCC Metro Station. 1-bedroom units from AED 850,000 – AED 1,000,000 in the secondary market. Views of Sheikh Zayed Road, Dubai Marina skyline, Downtown Dubai, and Dubai International Airport from upper floors.

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Introduction

Al Waleed Paradise is one of JLT's most established residential towers — a 33-storey building in Cluster R developed by Al Waleed Real Estate that has been part of JLT's residential landscape since the district's formative years, housing an active community of DMCC Free Zone professionals, Dubai Marina-adjacent tenants, and long-term resident owner-occupiers who value both the building's metro connectivity and its distinctive rooftop leisure infrastructure.

Developed by Al Waleed Real Estate — a UAE-based property developer and investment company — the tower provides a diverse residential inventory spanning from efficiently sized studios ideal for single professionals through to expansive 4-bedroom apartments and two landmark penthouses that occupy the entire 33rd floor of the building. This breadth of unit type makes Al Waleed Paradise one of the few JLT buildings capable of accommodating single professionals, couples, and large families within a single address, creating a genuinely diverse and vibrant residential community.

The building's rooftop health club — with its temperature-controlled swimming pool positioned at the building's highest point — is the defining amenity differentiator, providing residents with a premium leisure experience and panoramic views of the JLT lake district, Sheikh Zayed Road, and the broader Dubai skyline. Al Waleed Paradise has accumulated a strong occupancy history supported by its location in Cluster R — one of JLT's most consistently sought-after residential clusters due to its proximity to the DMCC Metro Station.

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Location & Connectivity

JLT Cluster R is located in the northern zone of the Jumeirah Lake Towers district — directly adjacent to Sheikh Zayed Road and within walking distance of the DMCC Metro Station. Cluster R's established lakeside environment and community promenade create a distinctive residential ambiance that consistently attracts professional tenants from DMCC's corporate ecosystem.

Key distances from Al Waleed Paradise:

| Destination | Distance | Commute | |---|---|---| | DMCC Metro Station | ~700 m | 8-min walk | | Sheikh Zayed Road (E11) | Adjacent | Immediate access | | Dubai Marina | ~3 km | 6-min drive | | JBR Beach | ~5 km | 8-min drive | | Palm Jumeirah | ~6 km | 10-min drive | | Dubai Media City | ~4 km | 8-min drive | | Mall of the Emirates | ~8 km | 12-min drive | | Business Bay / DIFC | ~22 km | 25-min drive | | Expo City Dubai | ~15 km | 18-min drive | | Al Maktoum International Airport | ~28 km | 25-min drive | | DXB Airport | ~33 km | 30-min drive | | DMCC Free Zone headquarters | Adjacent | Walkable |

The DMCC Metro Station's walking proximity from Cluster R enables Al Waleed Paradise residents to commute car-free to Business Bay, Downtown Dubai, and the airport via the Red Line Metro network — a significant practical advantage in a city where traffic congestion during peak hours can significantly extend car-based commute times. This metro accessibility is the primary driver of sustained rental demand for Cluster R buildings and translates directly into above-average occupancy rates and below-average vacancy periods for Al Waleed Paradise.

Upper-floor views: From Al Waleed Paradise's upper residential floors and rooftop health club, residents enjoy panoramic views across:

• Sheikh Zayed Road (E11) — Dubai's primary arterial highway
• Dubai Marina skyline — the dense residential tower cluster of Dubai's most popular waterfront community
• Downtown Dubai — including the Burj Khalifa and Dubai Frame visible on clear days
• Dubai International Airport (DXB) — flight approach corridors visible from eastern-facing upper floors
• JLT lake district — the immediate community's lake and promenade environment

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Architecture & Unit Design

Al Waleed Paradise's 33-storey structure provides ample height for panoramic views while maintaining efficient building circulation across its residential floors.

Building specifications:

• Total storeys: 33
• Basement parking levels: 3
• Unit types: Studio, 1-bedroom, 2-bedroom, 3-bedroom, 4-bedroom apartments; 2 penthouse units (full 33rd floor)
• Developer: Al Waleed Real Estate
• Community: JLT Cluster R, Jumeirah Lake Towers
• Ownership: Freehold

Unit type overview:

Studios:

• Efficient, self-contained residential units
• Popular with single professionals and junior DMCC company staff
• Lake or Sheikh Zayed Road views from upper floors

1-Bedroom apartments (secondary market):

• AED 850,000 – AED 1,000,000
• Open-plan living and dining
• Fully equipped kitchen
• Master bedroom with en-suite bathroom
• Balcony with community or road views

2-Bedroom apartments:

• Spacious family-oriented configurations
• 2 bedrooms, 2 bathrooms
• Open-plan living and dining
• Balcony with lake or skyline views

3-Bedroom apartments:

• Premium floor plan configurations
• 3 bedrooms, multiple bathrooms
• Larger balconies with panoramic views

4-Bedroom apartments:

• Large-family scale configurations
• Generous spatial provision across the floor plate
• Premium upper-floor positioning for maximum view quality

Penthouses (full 33rd floor — 2 units):

• Each penthouse occupies an entire floor of the 33rd level
• Extraordinary spatial provision with panoramic 360-degree views
• The building's ultimate residential offering, accessible exclusively to the two penthouse owners

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Amenities & Facilities

Rooftop health club:

• Temperature-controlled swimming pool — maintained year-round at optimal temperature, enabling comfortable aquatic leisure across all seasons including Dubai's summer months
• Panoramic rooftop positioning delivers breathtaking views across JLT, Sheikh Zayed Road, and the Dubai skyline from the pool deck

Fitness:

• Fully equipped gymnasium — state-of-the-art fitness facility with modern cardio and weight-training equipment

Building infrastructure:

• 3 basement parking levels — generous parking allocation ensuring residents have dedicated covered parking spaces
• 24/7 security with CCTV surveillance
• High-speed elevators serving all 33 floors
• Central air conditioning
• Building reception and lobby management

JLT Cluster R community access:

• JLT lakeside promenade — pedestrian waterfront walkway directly adjacent to Cluster R
• JLT retail and F&B corridor — 100+ restaurants and shops within the district
• DMCC Metro Station (700m walk) — Red Line access to the full metro network
• DMCC Free Zone business services — business registration and licensing

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Investment Analysis

Al Waleed Paradise operates in JLT Cluster R's consistent rental market — a cluster whose DMCC Metro proximity sustains occupancy rates above the JLT average and enables buildings to maintain higher rental rates versus clusters further from the metro.

Annual rental benchmarks for JLT Cluster R (2025–2026):

• Studio: AED 55,000 – AED 70,000 per annum
• 1-Bedroom: AED 80,000 – AED 105,000 per annum
• 2-Bedroom: AED 115,000 – AED 145,000 per annum
• 3-Bedroom: AED 150,000 – AED 190,000 per annum
• 4-Bedroom: AED 200,000 – AED 270,000 per annum

Secondary market capital values:

• Studio: AED 550,000 – AED 750,000
• 1-Bedroom: AED 850,000 – AED 1,000,000
• 2-Bedroom: AED 1,200,000 – AED 1,600,000
• 3-Bedroom: AED 1,800,000 – AED 2,400,000

Gross rental yield: Approximately 6–8% per annum for studio and 1-bedroom configurations — among the stronger yield categories within JLT's established rental market.

UAE Golden Visa eligibility: Properties purchased at AED 2,000,000 or above qualify for the UAE 10-year Golden Visa — applicable to select 2-bedroom and larger configurations, and to penthouse units.

Freehold ownership: Al Waleed Paradise is a freehold development available to all nationalities with full Dubai Land Department title deed registration.

Investment demand drivers:

• DMCC Metro Station walkability — JLT's most important rental demand driver
• DMCC Free Zone's 23,000+ companies sustaining professional tenant demand
• Temperature-controlled rooftop pool — a premium amenity commanding rental premium over standard pool buildings
• Two full-floor penthouses — ultra-rare residential configuration with premium pricing ceiling
• Dubai Media City, Internet City, and TECOM cluster proximity diversifying tenant source communities
• JLT's established lake district community providing quality lifestyle infrastructure

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Why Al Waleed Paradise Stands Out in JLT Cluster R

• Temperature-controlled rooftop pool: Year-round aquatic comfort at building rooftop level with panoramic JLT and Dubai skyline views — a premium experience vs. ground-level or uncontrolled pool facilities
• Two full-floor penthouses on the 33rd floor: Among the most exclusive residential configurations available in JLT — each penthouse occupies an entire building floor
• 3 basement parking levels: Generous parking provision for a JLT building — addressing the district's most common resident complaint about parking availability
• DMCC Metro walkability (~700m): The district's premier connectivity asset enabling car-optional commuting
• Studio to 4-bedroom breadth: Accommodating the full range of single professional to large family tenant profiles within a single building
• Sheikh Zayed Road and Dubai Airport views: Panoramic upper-floor vistas spanning Dubai's most iconic infrastructure and skyline elements
• JLT Cluster R lakeside promenade access: Waterfront walkway environment creating a premium daily lifestyle experience
• 33 storeys — community scale: Sufficient building height to achieve premium upper-floor views while supporting full community amenity provision
• Al Waleed Real Estate developer: Established UAE property company with a track record of quality construction delivery
• Established occupancy history: A building with proven long-term rental demand, stable tenant community, and no hidden operational risks

Al Waleed Paradise delivers JLT Cluster R's complete residential investment proposition — metro connectivity, rooftop aquatic leisure, diverse unit mix from studios to full-floor penthouses, and the established community ambiance of one of JLT's most consistently occupied residential buildings.