The Lofts Central Tower is a 32-storey residential building in Downtown Dubai. The tower is on Mohammed Bin Rashid Boulevard and offers studio, 1- and 2-bedroom apartments, and 3-bedroom penthouses.
The Lofts Central Tower is known for its prime location in the heart of Downtown Dubai, a popular tourist and residential area. The tower is within walking distance of the Dubai Mall, the world’s largest shopping mall.
The tower offers modern amenities, including a swimming pool, gym, and 24-hour security. The apartments are designed with contemporary finishes and feature open-plan living spaces, large windows, and high ceilings. The Lofts Central Tower is a popular choice for those looking for luxury living in a convenient location in Dubai.
Overview of The Lofts Central Tower
The Lofts Central Tower is a 32-storey skyscraper in Downtown Dubai. Along with The Lofts East and The Lofts West, it is one of the three buildings in The Lofts complex.
Architectural Significance
The Lofts Central Tower is a significant addition to the Dubai skyline, with its striking modern design and sleek glass façade. The tower’s unique shape and design make it stand out from other residential buildings.
The building features a shared 5-level podium with the other two towers. The tower also boasts stunning views of the surrounding cityscape, including the iconic Burj Khalifa.
Residential Offerings
The Lofts Central Tower offers a range of residential units, including studios, 1-bedroom apartments, 2-bedroom apartments, and 3-bedroom penthouses. The apartments provide residents with a luxurious, comfortable living experience, high-quality finishes, and modern amenities.
The tower’s spacious apartments feature open-plan living areas, large windows, and balconies, providing residents with plenty of natural light and stunning city views. The penthouses offer even more space and luxury, with private terraces and plunge pools. The tower is also conveniently located close to primary transport links, making it easy to get around the city.
Location and Accessibility
The Lofts Central Tower is in the heart of Downtown Dubai, offering residents a prime location with easy access to some of the city’s most iconic landmarks and attractions.
Proximity to Landmarks
The tower is directly opposite the Burj Khalifa, the world’s tallest building, and provides stunning views of the Dubai Fountain.
Transportation Links
The tower is situated on Mohammed Bin Rashid Boulevard, providing easy access to Sheikh Zayed Road and Business Bay.
Apartment Details
Types of Apartments
The Lofts Central Tower offers various apartments to meet its residents’ needs. The tower has studios, 1-bedroom apartments, 2-bedroom apartments, and 3-bedroom penthouses.
Amenities and Features
The tower has amenities that provide residents with a comfortable living experience. The apartments have modern kitchens with high-quality appliances that make cooking and entertaining a breeze. The building has a state-of-the-art gym equipped with the latest fitness equipment.
Average Sizes and Layouts
The apartments in The Lofts Central Tower are spacious and comfortable. The studio apartments have an average size of 436 sqft, while the 1-bedroom apartments have an average size of 850 sqft. The 2-bedroom apartments have an average size of 1,350 sqft, and the 3-bedroom penthouses have an average size of 2,500 sqft. Each apartment has a unique layout that maximizes space and provides residents with a comfortable living experience.
Facilities and Services
Recreational Amenities
The Lofts Central Tower offers several recreational amenities for its residents. The building features a state-of-the-art gymnasium equipped with modern exercise equipment. The gym is spacious and well-maintained, providing residents with a comfortable workplace. Besides the gym, the tower has a swimming pool, perfect for residents who want to relax and unwind after a long day. The pool is well-maintained and regularly cleaned to ensure a safe and hygienic swimming experience.
The building’s sauna facilities are spacious and well-maintained. Additionally, the building has barbecue areas, perfect for residents who enjoy outdoor cooking and entertaining.
Security and Maintenance
The Lofts Central Tower provides its residents with top-notch security and maintenance services. The building features high-speed elevators, which are well-maintained and provide residents with a quick and efficient way to get to their apartments. The building also has 24-hour security, ensuring residents feel safe and secure.
The maintenance team at The Lofts Central Tower is highly professional and responsive. They are available 24/7 to address any maintenance issues that residents may have.
Real Estate Insights
Buying and Selling Trends
In the last six months, the average price of properties in The Lofts Central Tower, Downtown Dubai, has been AED 200,000. The market conditions have been favorable for buyers and sellers, with new developments being announced regularly. The return on investment has been steady, making it an attractive option for investors.
Rental Market Analysis
The rental market in The Lofts Central Tower has been stable in the last six months, with an average rent of AED 95,000. Rental trends indicate a preference for furnished apartments, with a high demand for one-bedroom units. The rental yield for properties in this area has been consistent, making it a viable option for landlords.
New developments in the area have increased the competition in the rental market, making it essential for landlords to price their units competitively. The market conditions have been favorable for tenants, with various options available.
Community and Lifestyle
Dining and Entertainment
The Lofts Central Tower is in the heart of Downtown Dubai, home to some of the city’s best dining and entertainment options. Some of the popular dining options nearby include:
- At.mosphere Restaurant
- Armani/Hashi
- Thiptara
- La Serre Bistro & Boulangerie
- Social House
For entertainment, residents can visit the Dubai Opera, which is just a short walk from The Lofts Central Tower. They can also explore the Dubai Aquarium or catch a movie at the cinema.
Educational Institutions
Some of the nearby schools and nurseries include:
- GEMS Wellington Primary School
- JSS Private School
- Learning Tree Nursery
- Blossom Nursery
- Horizon English School (HES)
- Toddler Town British Nursery
Nearby Conveniences
The Lofts Central Tower is close to several supermarkets and real estate agencies. Residents can easily find everything they need within walking distance. Some of the nearby conveniences include:
- Spinneys Supermarket
- Carrefour Market
- Emaar Properties
- Allsopp & Allsopp – Business Bay
- Real Estate Agencies
Parking and Transportation
Parking Facilities
The Lofts Central Tower offers covered parking facilities to its residents and visitors. The building has a dedicated parking garage with multiple levels, ensuring ample space for everyone. The garage is well-lit and secure, providing a safe environment for vehicles.
Public Transport Connectivity
The Lofts Central Tower is near several public transportation options. The building is within walking distance of the Dubai Mall/Burj Khalifa Metro Station, making it easy for residents to travel around the city. In addition, several bus stops are nearby, including feeder bus 13, bus D03 and D03A at Dubai Mall Land Side A and D. Mazaya Center, Safam Dubai Electricity and Water Authority 2, and Safa Safest Way 1.
Residents of The Lofts Central Tower can easily access Al Wasl Road, Sheikh Zayed Road, and other major highways, making it easy to get around the city by car. The building is also located near several taxi stands, providing an additional transportation option for residents and visitors.
Overall, The Lofts Central Tower offers convenient transportation options for its residents, whether they prefer to travel by car or public transportation.
Investment Opportunities
Market Demand and ROI
The Lofts Central Tower is a prime investment opportunity in the heart of Downtown Dubai. The tower has apartments, including fully furnished two-bedroom apartments and duplexes, that cater to the needs of a diverse clientele. The tower is ready for occupancy, making it an attractive option for investors looking for immediate returns. The value of ROI can vary depending on the type of apartment, its location within the tower, and the current market demand. However, the tower’s central location and high-end amenities make it a popular choice among renters, ensuring a steady income stream for investors.
Regulatory Information for Investors
Investors interested in The Lofts Central Tower should know the regulatory information and requirements for investing in Dubai’s real estate market. Non-UAE nationals can invest in Dubai’s real estate market by purchasing freehold properties in designated areas. The Lofts Central Tower is in Downtown Dubai, one of the designated areas for foreign ownership.
Investors should also know the taxes and fees associated with investing in Dubai’s real estate market. The Dubai Land Department charges a fee of 4% of the property value for registering the sales contract. Additionally, there is a 2% fee for the real estate agent and a 0.25% fee for the mortgage registration.
Investors looking to rent out their apartments in The Lofts Central Tower should also be aware of Dubai’s rental laws. The Dubai Land Department has set guidelines for rental increases based on the area’s average rental prices. Landlords must also register their rental contracts with the Dubai Land Department.
Explore IDX Solutions with Dubai MLS
Improve your property search with an IDX platform designed to fit your needs. Using Dubai MLS‘ IDX data feed, integrated through their Web API, you will be creating a suitable platform that facilitates your property search.
Frequently Asked Questions
What are the rental rates for apartments in The Lofts Central Tower?
Rental rates for apartments in The Lofts Central Tower vary depending on the unit’s size and the lease’s length. As of June 2024, the average monthly rent for a studio apartment in the tower is around AED 8,000, while a one-bedroom apartment can cost around AED 12,000 per month. Two-bedroom apartments can cost between AED 16,000 and AED 22,000 per month.
How do reviews rate The Lofts Central Tower in terms of amenities and services?
According to reviews, The Lofts Central Tower offers a range of highly-rated amenities and services. The tower features a swimming pool, a gym, a sauna, and a steam room. Residents appreciate the tower’s convenient location, with easy access to shopping, dining, and entertainment options in Downtown Dubai.
What are the current sale prices for apartments in The Lofts Central Tower?
As of June 2024, the current sale prices for apartments in The Lofts Central Tower range from AED 1.5 million for a studio apartment to AED 4.5 million for a three-bedroom penthouse.
What types of apartments are available in The Lofts Central Tower?
The Lofts Central Tower offers a range of apartments to suit different needs and preferences. The tower has studio, one-bedroom, two-bedroom, three-bedroom, and penthouse apartments. The apartments feature modern finishes and high-quality appliances.
How does The Lofts Central Tower compare to other luxury towers in Downtown Dubai?
The Lofts Central Tower is considered one of the premier luxury towers in Downtown Dubai. The tower has amenities and services that residents highly rate. Its location in the heart of Downtown Dubai makes it a popular choice for those looking for a convenient and luxurious lifestyle.
What are the amenities at The Lofts Central Tower?
Residents of The Lofts Central Tower can enjoy various amenities and services. The building has 24-hour security and concierge services. In addition, the tower offers easy access to shopping, dining, and entertainment options in Downtown Dubai.
