Latest addition to JLT; Goldcrest Executives opens


By Aya Lowe

Dubai Star Giga Establishment limited, a joint venture enterprise between ETA Star Property Developers and Mazyood Giga International FZE, has announced the delivery of units in GoldCrest Executive Tower.

dubaiGoldCrest Executive Tower, located in Jumeirah Lake Towers, is a 39-floor tower made up of office and residential space. The building is made up of 183 studios, 141 one-bedroom flats and 229 offices.

The commercial section spans the first 19 floors. The first floor houses a Business Centre and several meeting rooms while the furnished apartments are located between the 21st and 38h floors.

The ground floor will have a shopping boulevard featuring retail outlets and restaurants which have yet to be confirmed.

The 39th floor is equipped with facilities such as a rooftop swimming pool, health club and gym.

Haji Mohammad Rafiq Giga, chairman of Star Giga Establishmen, said, “With a Dubai Metro station nearby and a number of malls within a kilometre radius, GoldCrest Executive will be an investor’s delight.”

The tower, launched in 2005, began its delivery in 2009 with 25 per cent moving in.

The building was originally slated for completion in September 2009. ETA Star announced that investors have been compensated for the delay in delivery.

According to S. Balasubramanian, general manager of finance at ETA Star, the building is 100 per cent sold.

The developers which run a service that helps landlords rent their apartments, said that 100 out of 300 units have already been leased.

The studios are going for about Dh50,000 per annum and the one-bedroom units are being leased for about Dh75,000 per annum.

The maintenance fee is Dh12 per square foot.