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O2 Residence
by Nakheel

Studios and apartments with one to five bedrooms

AED 800 Starting price
Ready Handover
O2 Residenceby Nakheel

Buy Apartments in O2 Residence by Nakheel, Jumeirah Lake Towers, Dubai

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Amirans Kavtaradze

List by

Amirans Kavtaradze

Starting Price AED 800
Location Jumeirah Lake Towers
Developer Nakheel
Handover Ready
Bedrooms Studios - 5 BR
ROI 7%
Apartments

A completed 41-storey Nakheel tower in JLT Cluster O, O2 Residence holds studios through to five-bedroom apartments served by a pool, gym, sauna, steam room, indoor basketball court and 24-hour security.

Completed in 2009, O2 Residence offers ready resale apartments in JLT Cluster O. The 478 ft tower has 41 floors and three below-ground levels for covered resident parking and services. Artec Architectural & Engineering Consultants designed the slab-form high-rise, which is framed by palm trees and fountains. The building has an unusually broad mix: studios and apartments with one, two, three, four or five bedrooms. Current listings start at 576 sq ft for studios, 790 sq ft for one-bedroom apartments and 1,522 sq ft for two-bedroom apartments. Interiors favour practical planning, with separate living and sleeping zones, built-in closets and open kitchens with granite countertops. Bathrooms have modern sanitaryware. On-site facilities include a pool, gym, sauna, steam room and indoor basketball court. Higher floors overlook the JLT lakes and surrounding towers, while four high-speed lifts, concierge service and CCTV-monitored security support daily life.

O2 Residence
About O2 Residence

Overview of O2 Residence by Nakheel

O2 Residence combines generous floor areas, studios and apartments with up to five bedrooms, and ready-to-let ownership in a walkable lakeside district.

7%

Average ROI

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Community

Jumeirah Lake Towers is a freehold, mixed-use community opposite Dubai Marina, with a pedestrian bridge crossing Sheikh Zayed Road. DMCC master-plans and manages the district. Its 80 towers form 26 clusters around four man-made lakes, mixing apartments with offices and giving the area both a residential and working-day rhythm. Lakeside promenades, cafés, parks and pet-friendly paths make walking practical. The community attracts professionals as well as families seeking larger apartments.

Nearby schools offer British and IB curricula, including Dubai British School and Dubai International Academy. Learning Ladder and Paddington nurseries are closer to home. Armada Medical Centre and Life Medical Centre operate within JLT, while nearby hospitals include Mediclinic Parkview, Saudi German Hospital and Al Zahra Hospital. Dubai Marina Mall is 14 minutes away by car. Dubai International Airport is a 25-minute drive, and Al Maktoum International Airport takes roughly 37 minutes.

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Interior

Apartments follow a restrained design language, with defined living and sleeping zones, long wall runs and windows that draw daylight into the plan. Warm neutral colours let furniture and views shape each space. Studios begin at 576 sq ft and provide a distinct sleeping zone rather than one undivided room. Resident reviews also note that the apartments feel larger than comparable stock elsewhere in JLT.

Kitchens are open-plan and finished with granite countertops, a durable surface that has aged well across the tower's occupied years and still reads as a quality specification on resale viewings. Bathrooms carry modern sanitaryware and fittings throughout every studio and apartment, with practical storage worked into the plan. Built-in closets come as standard in the sleeping areas, sparing tenants and owners the cost and clutter of freestanding wardrobes. Residents also speak well of building maintenance, which in a tower of this age matters as much as the original specification.

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Infrastructure

Cluster O sits close to JLT's established restaurant and café scene. Many venues are within walking distance of the entrance, while the lakeside promenades offer outdoor tables with water views a few minutes from the lobby. Four supermarkets are within a five- to seven-minute drive. Nearby clusters also provide pharmacies, laundries, salons and convenience shops at ground level, covering routine errands without a long trip.

Dubai Marina Mall, with 130 stores and Reel Cinemas, is 14 minutes away by car. The Walk JBR takes 15 minutes, while JLT Park is eight minutes away. Armada Medical Centre is a five-minute drive, Life Medical Centre nine minutes and Mediclinic Parkview eight. Public transport is also close: Jumeirah Lakes Towers Tram Station takes 11 minutes by car, and DMCC Metro Station takes 10.

Overview

Could a ready JLT apartment work as your next investment?

Amenities of O2 Residence
by Nakheel

Leisure, wellness and family facilities inside the tower, backed by round-the-clock building services for every resident.

Swimming pool

Swimming pool

Panoramic-window gym

Panoramic-window gym

24-hour security and CCTV

24-hour security and CCTV

Resident jacuzzi
Sauna and steam room
Indoor basketball court
Children's playground
Children's playroom
Game room
Multipurpose room and theatre
Outdoor barbeque area
Covered resident parking
Concierge services
Door-entry and fire systems

Gallery of O2 Residence by Nakheel

Gallery

About Our Approach to Work — Alcenza

At Alcenza Properties, we present the best properties in Dubai, whether for permanent residence or investment. Our team handles every aspect of the process, including transactions, documentation, legal issues, and logistics. This ensures you can focus on your daily life without wasting time on organizational matters.

Step 1.

Initial
Consultation

Our agent will arrange a personal meeting or discuss everything in a format that suits you best. During this consultation, you will outline your goals, be it residence, investment, visa acquisition, or other needs. We will provide you with the most optimal solutions.

Step 2.

Finding the Best Property

Based on your budget and investment goals, we will present a selection of real estate options, including off-plan, primary, and secondary market properties. We will handle all communication with a developer or private owner.

Step 3.

Communication With a Seller

We act as the liaison between you and the seller. From verifying documentation to organizing meetings and monitoring every stage of the transaction, we manage the whole process.

Step 4.

Legal Documentation and Management

Our team ensures the smooth and transparent transfer of property rights through the Dubai Land Department (DLD). We assist with visa applications and offer property management services.

15+
With extensive expertise in the UAE and European real estate markets, we are ready to offer you the most profitable solutions. We guarantee transparency and security at every stage of your transaction.
30%+ Profit From Resale
Our clients have achieved profits of up to 30% within just two years by reselling properties with our guidance.
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O2 Residence
About Us

Economic Attractiveness

Liquidity rests on the Nakheel name, the DMCC-managed free-zone community around the tower and a resale market already active inside the building.

Get Full Investment Details

1,17 mln -6%

Median price (AED)

1,380 6%

Median price per sqft (AED)

15 -12%

Transactions

Source: Data taken from DXB for the last year, overview O2 Residence by Nakheel

ROI 7%

O2 Residence records a 7% gross rental yield on current listings. Tenant demand benefits from DMCC's free-zone workforce, which accounts for 42% of residential tenant demand across JLT. The tower also offers lake and skyline views, round-the-clock security, concierge service and established amenities. Sheikh Zayed Road is five minutes from the entrance, while DMCC Metro Station is a 10-minute drive. As the building is ready, buyers use a conventional cash or mortgage transaction and can let the apartment after ownership transfers.

Current asking prices start at AED 800,000 for a studio and AED 1,350,000 for a one-bedroom apartment. Two-bedroom apartments start at AED 2,000,000. Jumeirah Lake Towers is a designated freehold community, allowing foreign buyers to own apartments outright.

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For Rent

O2 Residence attracts tenants who work in the DMCC free zone and value a short commute. Annual asking rents start at AED 69,999 for a studio, AED 69,997 for a one-bedroom apartment and AED 110,000 for a two-bedroom apartment. The building-wide average rental value is AED 103,069 a year. Current listings indicate a 7% gross rental yield, and 23 one-bedroom rental listings show an established letting market.

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For Living

Resident reviews describe the apartments as larger than comparable stock elsewhere in JLT. Defined living and sleeping zones, built-in closets and open kitchens with granite countertops make the space practical. The building adds a pool, jacuzzi, sauna, steam room, panoramic-window gym, indoor basketball court and children's playroom. Concierge and security operate around the clock. New lifts have also resolved earlier reliability complaints, according to residents. Outside, lakeside promenades, parks and pet-friendly paths support an active neighbourhood routine.

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For Resale

As a completed tower, O2 Residence has an established resale record rather than an off-plan forecast. Eighteen apartment sales were recorded over the last 12 months, with a typical sale around AED 1.2 million. Resale demand is supported by the DMCC free-zone workforce, freehold ownership and access to Sheikh Zayed Road and public transport. Buyers can also assess current rents and transaction evidence before purchasing.

UAE Golden Visa

Residence Visa

When purchasing a property from AED 2M (USD 545K), you can apply for a 10-year Golden Visa. This visa is renewed as long as you maintain ownership of the property.

Visa for Your Family

Your family members, including your spouse and children, can also get a Golden Visa. Once you receive a residence visa, you can continue your studies in the UAE, enjoy tax benefits, and conduct business in the country.

passport

About Developer O2 Residence

Nakheel, the developer of O2 Residence, ranks as Dubai's second-largest developer after Emaar Properties.

Nakheel became part of Dubai Holding after its March 2024 merger with Meydan. Its portfolio includes Palm Jumeirah, The World Islands, Palm Jebel Ali, Jumeirah Village Circle and Al Furjan. The developer also created retail destinations such as Nakheel Mall and Ibn Battuta Mall. Current projects include Como Residences, Palm Beach Towers and Tilal Al Furjan, demonstrating continued activity across waterfront towers and established residential communities.

Location of O2 Residence by Nakheel

O2 Residence stands in Cluster O of Jumeirah Lake Towers, opposite Dubai Marina across Sheikh Zayed Road. Palm Jumeirah is 16 min away by car, and JLT Park takes eight minutes.

Sheikh Zayed Road is five minutes from the tower, providing direct access across Dubai. The Walk JBR is a 15-minute drive, while Dubai Marina Mall takes 14 minutes. JLT Park is eight minutes away by car.

Public transport options include Jumeirah Lakes Towers Tram Station, 11 minutes away by car, and DMCC Metro Station, 10 minutes away. Dubai International Airport takes 25 min by car. Damac Properties Metro Station is also within an eight-minute drive, and Nakheel Metro Station takes 13 minutes.

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Map → Location of O2 Residence by Nakheel Icon Map PIN

Attractions

Palm
Jumeirah

icon 16 min

JLT Park

8 min

The Walk JBR

15 min

Health Care

Armada Medical
Centre

icon 5 min

Life Medical Centre

9 min

Mediclinic Parkview

8 min

Education

Dubai British
School

icon 8 min

Emirates International School

8 min

Dubai International Academy

8 min

Transportation

Dubai International
Airport

icon 25 min

DMCC Metro Station

10 min

Damac Properties Metro Station

8 min

General FAQs

Below are the questions buyers, tenants and investors ask most often about this tower and its community. If something you need is missing, our advisers can walk you through availability, rents and purchase costs in detail.

Ask a Question

Is Jumeirah Lake Towers a good place to live?

JLT suits residents who want high-rise living with everyday services close at hand. Its clusters sit around four man-made lakes, with promenades, parks, cafés and pet-friendly paths supporting a walkable routine. Apartments and offices share the DMCC free-zone district, so restaurants and ground-floor shops stay active during the week. Families also have access to British and IB schools, nurseries and clinics such as Armada Medical Centre. Dubai Marina Mall is a 14-minute drive away.

Who develops and manages Jumeirah Lake Towers?

DMCC master-plans and manages Jumeirah Lake Towers, the free-zone district where O2 Residence stands. The community comprises 80 towers in 26 lettered clusters around four lakes, with homes and offices intentionally mixed. Nakheel developed O2 Residence in Cluster O. Its wider portfolio includes Palm Jumeirah, The World Islands, Jumeirah Village Circle and Al Furjan. Nakheel is now part of Dubai Holding following its March 2024 merger with Meydan.

What does an apartment in O2 Residence cost?

Current asking prices start at AED 800,000 for a 576 sq ft studio. A one-bedroom apartment starts at AED 1,350,000 and 790 sq ft, while a two-bedroom apartment starts at AED 2,000,000 and 1,522 sq ft. The project's average current asking price is AED 1,359 per sq ft. Buyers should also budget for the 4% DLD transfer fee. UAE residential purchases are not subject to the 5% VAT charged on commercial property.

Is a payment plan available at O2 Residence?

No current instalment plan is marketed for O2 Residence. The tower was completed in 2009, so apartments are purchased on the resale market through cash or a mortgage arranged with a UAE lender. This is a conventional transfer of a finished property rather than an off-plan purchase. Once ownership transfers, the apartment can be occupied or offered for rent without waiting for construction or handover.

What sizes and layouts are available in the tower?

The tower contains studios and apartments with one, two, three, four or five bedrooms across 41 floors. Current listings show studios from 576 sq ft, one-bedroom apartments from 790 sq ft and two-bedroom apartments from 1,522 sq ft. Three-bedroom rental listings range from 1,945 to 2,214 sq ft. Interiors separate living and sleeping zones and include built-in closets, open kitchens with granite countertops and bathrooms fitted with modern sanitaryware.

Which amenities do residents of O2 Residence have?

Residents have access to a swimming pool, jacuzzi, sauna, steam room and a gym with panoramic windows. Family and leisure facilities include an indoor basketball court, children's playground, playroom, game room and multipurpose room with a mini theatre. The building also provides an outdoor barbeque area and covered resident parking. Four high-speed lifts serve the 41 floors, while concierge staff, security, CCTV, door-entry controls and fire systems operate around the clock.

What rental income can an owner expect here?

Annual asking rents currently start at AED 69,999 for a studio, AED 69,997 for a one-bedroom apartment and AED 110,000 for a two-bedroom apartment. The building-wide average rental value is AED 103,069 a year. Current project listings indicate a 7% gross rental yield. Demand is supported by the nearby DMCC workforce, and 23 one-bedroom rental listings are currently available in the tower, providing a visible pool of comparable apartments.

How well connected is the building to Dubai?

Sheikh Zayed Road is five minutes from the tower by car. Jumeirah Lakes Towers Tram Station takes 11 minutes, and DMCC Metro Station takes 10. Palm Jumeirah is 16 minutes away, The Walk JBR 15 minutes and JLT Park eight minutes. Dubai International Airport is a 25 min drive. These times come from the project itself and keep the main business, leisure and transport destinations within practical reach.

Can foreign buyers purchase an apartment in this tower?

Yes. Jumeirah Lake Towers is a designated freehold community, so buyers of any nationality may own an apartment outright and register the title with the Dubai Land Department. The transfer carries the standard 4% DLD fee, while residential purchases are not subject to VAT. UAE banks offer mortgages to eligible resident and non-resident buyers. Because O2 Residence is complete, ownership transfers on a finished apartment with an established rental and resale record.

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O2 Residence
Amirans Kavtaradze

List by

Amirans Kavtaradze

  • 100% free guidance & advice
  • 0% tax on rental income & profit upon sale
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O2 Residence

Starting Price AED 800

Handover Ready