Dubai Star

TL;DR — Dubai Star (Preatoni Tower), JLT Cluster L: A completed 45-storey mixed-use skyscraper in Jumeirah Lake Towers Cluster L by Alternative Capital Invest, rescued and delivered by Preatoni Group in Q1 2019. 569 units — studios to 4-bedroom penthouses — from AED 1.1M. Italian-inspired design, rooftop pool, hot tub, sauna, gymnasium, lake access. Freehold. Strong gross yields in one of Dubai's most connected residential communities.

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Introduction: JLT's Most Dramatic Comeback Story — Now a Proven Asset

Dubai Star — officially operating as Preatoni Tower since its 2019 completion — is one of JLT's most distinctive residential assets, with a development history that itself speaks to Dubai's resilience and the international appetite for the emirate's real estate market. Originally launched in 2005 by Alternative Capital Invest and halted during the global financial crisis, the tower was acquired and rescued by the Italian developer Preatoni Group, which redesigned and completed the 45-storey skyscraper to a specification that carried distinctly European design sensibilities into JLT's residential landscape.

The rescue and completion of a stalled Dubai tower is not merely a story — it is an investment signal. Preatoni Group deployed significant capital into a Dubai asset at the depths of a market trough, redesigned it with Italian quality standards, and delivered it in Q1 2019. The buyers who acquired in this building post-completion have benefited from JLT's robust appreciation through the 2019–2025 period — with JLT prices compounding at 40–60% across the market's recovery and expansion cycle.

Today, Preatoni Tower stands as a fully operational, tenanted, and well-managed building in JLT Cluster L — providing buyers with complete transparency on build quality, management standards, rental performance, and community character. This transparency is the decisive advantage of completed assets over off-plan alternatives in the same location.

With 569 residential units, the building operates at a scale that supports professional management, extensive amenities, and the community density that creates genuine neighbourhood vitality. At 45 storeys, it stands among JLT's most prominent buildings — visible across the cluster and positioned to capture the district's twin-Metro connectivity and Sheikh Zayed Road frontage.

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Location: JLT Cluster L — Sheikh Zayed Road Frontage and Lake Access

JLT Cluster L occupies a position within Jumeirah Lake Towers' southern section, with direct frontage onto Sheikh Zayed Road and proximity to the lakeside promenades that define JLT's lifestyle offering.

Key distances from Preatoni Tower / Dubai Star:

| Destination | Approximate Travel Time | |---|---| | DMCC Metro Station | 5–8 minutes on foot | | Sobha Realty Metro Station | 5–8 minutes on foot | | JLT Lakes and Promenade | Walking distance | | Dubai Marina Walk | 8–10 minutes by car | | JBR (The Walk / The Beach) | 10–12 minutes | | Mall of the Emirates | 8–10 minutes | | Palm Jumeirah | 12–15 minutes | | Downtown Dubai / Burj Khalifa | 18–20 minutes | | Dubai International Airport (DXB) | 22–25 minutes | | DIFC (Dubai International Financial Centre) | 20–22 minutes | | Business Bay | 20–22 minutes |

The building's Sheikh Zayed Road frontage provides maximum visibility and direct highway access, while the DMCC and Sobha Realty Metro stations — both Red Line stops within walking distance — deliver Metro connectivity to the entire Dubai network. This dual road-and-Metro access profile is one of JLT's defining competitive advantages and a primary driver of the district's sustained rental demand.

JLT's lakeside promenades are accessible within a short walk — the community's most celebrated daily amenity, providing jogging and cycling infrastructure, al fresco dining, and lake views without requiring residents to leave the district. JLT operates as a city-within-a-city: over 500 food and beverage outlets, extensive retail, parks, and a dog park create daily lifestyle self-sufficiency that reduces car dependency and supports the urban lifestyle the district's resident demographic demands.

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Architecture & Unit Mix: 45 Floors, Italian Design, 569 Units

Preatoni Tower's Preatoni Group redesign brought Italian architectural sensibilities to a Dubai tower originally conceived under a different development vision — an unusual provenance that contributed distinctive design touches to the building's interiors and communal spaces.

Unit specifications:

| Type | Price Range | Notes | |---|---|---| | Studio | From AED 750,000 | Efficient compact layouts | | 1-Bedroom | AED 1,100,000 – AED 1,350,000 | Multiple layouts | | 2-Bedroom | From AED 1,500,000 | Open-plan, dual bathroom | | 3-Bedroom | AED 1,800,000+ | Premium configurations | | 4-Bedroom Penthouse | AED 3,600,000+ | Full-floor luxury |

Italian design elements in the building's specification include quality material choices, refined finishes in common areas, and interior detailing that reflects European residential standards. Each residence features spacious layouts, high-quality finishes, and panoramic windows offering either JLT lake views or Sheikh Zayed Road skyline panoramas — depending on orientation.

With 569 units across 45 storeys, the building operates at a density that provides diversity within the community — a mix of studio professionals, couples in 1-bedroom units, families in 2 and 3-bedroom configurations, and ultra-premium occupants in the penthouse levels — creating the demographic variety that gives successful JLT buildings their vibrant community energy.

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Amenities: Rooftop Pool, Hot Tub, and JLT Lake Access

Preatoni Tower's amenity programme is anchored by its rooftop positioning:

Temperature-Controlled Rooftop Swimming Pool: Positioned at the building's summit to maximise the panoramic views across JLT's lake system and the New Dubai skyline, the rooftop pool provides both aquatic recreation and the visual drama that rooftop pools deliver in a way ground-level alternatives cannot. Temperature control ensures year-round usability across Dubai's full climate range.

Hot Tub / Jacuzzi: A hydrotherapy feature adjacent to the rooftop pool providing the relaxation and therapeutic benefits of warm-water immersion.

Sauna: A dry-heat wellness facility supporting residents' thermal recovery routines.

Gymnasium: A fully equipped fitness facility with cardiovascular and resistance training equipment, serving the active professional demographic that characterises JLT's resident population.

Kids' Play Area: Family-designated recreation space within the building.

24/7 Security: Comprehensive monitoring with CCTV coverage of all common areas, lobby, parking, and building perimeter.

Multi-Level Secure Basement Parking: Allocated parking across multiple underground levels, protecting vehicles and providing secure storage.

High-Speed Elevators: Multiple lifts serving 45 residential floors efficiently — critical in a building of this height for resident quality of life.

JLT Lake Access: The lakeside promenade and jogging/cycling tracks are walkable from the building — providing the outdoor fitness infrastructure for which JLT is celebrated.

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Investment Analysis: JLT's Proven Yield Market

JLT has established itself as one of Dubai's most consistent rental yield markets — driven by Metro proximity, DMCC employment base, F&B and lifestyle density, and the critical mass of 200+ towers creating a genuine urban community.

JLT Cluster L rental benchmarks (2024–2025):

• Studio: AED 60,000–80,000 per annum
• 1-bedroom: AED 85,000–120,000 per annum
• 2-bedroom: AED 120,000–170,000 per annum
• 3-bedroom: AED 160,000–220,000 per annum

Gross yield potential:

• Studios: 7.0–9.0% on AED 750,000–900,000 acquisition
• 1-bedroom: 6.5–8.5%
• 2-bedroom: 6.0–8.0%

Building-specific advantages:

• Preatoni Group's Italian design standard creates a premium perception in the JLT secondary market that supports above-average rental pricing.
• 45-storey height provides high-floor lake-view and SZR-view units that command demonstrable rental premiums over lower-positioned JLT alternatives.
• Rooftop pool at building summit — available exclusively to Preatoni Tower residents — creates a lifestyle differentiator that tenants value when comparing buildings.
• DMCC free zone employment base generates structural corporate tenant demand from the 23,000+ companies registered in the DMCC cluster adjacent to JLT.

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Freehold Ownership & UAE Golden Visa Eligibility

Dubai Star / Preatoni Tower is a freehold development registered with the Dubai Land Department in JLT, DMCC:

• 2-Year Property Investor Visa: All purchases above AED 750,000 — encompassing most 1-bedroom and all 2, 3, and 4-bedroom units — qualify.
• 10-Year UAE Golden Visa: Purchases at AED 2,000,000 or above qualify — available on 2-bedroom and larger configurations and on penthouse levels.
• No capital gains tax or income tax on UAE property investment returns.
• DLD Title Deed with full sell, lease, mortgage, and bequest rights.

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Why Dubai Star / Preatoni Tower Stands Out in JLT

1. Preatoni Group Italian design standard — a European design aesthetic that distinguishes the building from standard JLT residential towers.
2. 45-storey height with rooftop pool — Dubai's most elevated pool experience in JLT, with panoramic lake and Sheikh Zayed Road views.
3. 569 units / community scale — sufficient density for genuine building vitality and comprehensive amenity provision.
4. Completed Q1 2019 — full transparency on build quality, management standards, and six-plus years of rental performance.
5. JLT Cluster L position — direct Sheikh Zayed Road visibility combined with lake-access walking promenade.
6. Dual Metro station access (DMCC and Sobha Realty) within walking distance — the Red Line connectivity premium.
7. Hot tub and sauna — wellness infrastructure complementing the rooftop pool.
8. DMCC employment proximity — 23,000+ companies generating structural corporate rental demand.
9. Gross yields 6.5–9.0% across unit types in JLT's mature, high-demand rental market.
10. Freehold with Golden Visa potential on qualifying purchase values in one of Dubai's most internationally recognised residential addresses.

Dubai Star / Preatoni Tower is a completed, proven asset in the heart of JLT's most well-connected cluster — a building whose development history makes it unique, whose Italian design sensibilities make it distinctive, and whose rooftop position, Metro proximity, and lake access make it one of the cluster's most compelling long-term residential investments.