Dubai: Star Giga's GoldCrest Views II opened its doors to residents last week, joining a line of towers expected to come online over the next year in Jumeirah Lake Towers (JLT).
The tower's completion date was originally slated for mid-2008, then March last year. But like many projects had been delayed due to reasons, such utility connections and approvals from authorities, that the developer said was beyond its control.
Star Giga Establishment's Chairman Haji Mohammad Rafik, said that Gold Crest Views I & II were designed to make them highly desirable and a beneficial investment harvesting huge returns.
The 487 apartments in the 39-storey residential tower come in several options, from studios to three-bedrooms, and offer community facilities, including a pool for adults and a separate one for children, as well as a gym.
The developer said that all units have been sold, the first keys have been handed over and 32 residents have already moved in.
Owners are busy advertising their GoldCrest Views II apartments for rent on property portals such as propertyfinder.ae.
According to the portal, asking rents for a studio at GoldCrest Views I hovers at around Dh45,000, a one-bedroom Dh60,000, and two beds around Dh90,000.
While the rents asked at its newly released sister are about the same for a one-bed, but slightly lower for a studio at Dh40,000 and two-bed around Dh80,000.
This compares to an average of all JLT listed residential properties on the portal for a one-bed at nearly Dh70,000, a two-bed at Dh130,000 and a studio at Dh46,000. Rents may well rise though as the tower becomes lived-in thanks also to its proximity to one of JLT's Metro stations.
