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Jumeirah Lakes Towers area in Dubai - prices, rents and cap rates
Cap rates for projects in Jumeirah Lakes Towers area in Dubai
Data as of September 2024| Project | Sale price, AED/sqm | Rent, AED/sqm/ year | Cap rate |
|---|---|---|---|
| Lake City Tower | 7,851 | 1,069 | 13.6% |
| Dubai Star | 12,320 | 1,229 | 10.0% |
| Saba Tower 3 | 12,450 | 1,192 | 9.6% |
| Dubai Arch Tower | 12,379 | 1,133 | 9.2% |
| Armada Towers | 12,320 | 1,113 | 9.0% |
| Indigo Tower | 14,444 | 1,236 | 8.6% |
| Concorde Tower | 12,179 | 1,034 | 8.5% |
| Al Seef 2 | 11,219 | 944 | 8.4% |
| Gold Crest Executive | 17,228 | 1,428 | 8.3% |
| Laguna Tower | 12,169 | 980 | 8.1% |
| Saba Tower 2 | 13,958 | 1,127 | 8.1% |
| Global Lake View | 14,956 | 1,199 | 8.0% |
| Madina Tower | 12,987 | 1,043 | 8.0% |
| Lake Shore Tower | 11,254 | 892 | 7.9% |
| New Dubai Gate 2 | 14,352 | 1,127 | 7.9% |
| Voco Bonnington Dubai | 17,564 | 1,342 | 7.6% |
| V3 | 13,235 | 987 | 7.5% |
| Gold Crest Views 2 | 15,337 | 1,129 | 7.4% |
| Lakeside Residence | 15,289 | 1,131 | 7.4% |
| Dubai Gate 1 | 15,291 | 1,111 | 7.3% |
| Lake Terrace | 16,812 | 1,209 | 7.2% |
| Lake View | 14,622 | 1,000 | 6.8% |
| Banyan Tree Residences | 24,359 | 1,616 | 6.6% |
| MBL Residence | 19,795 | 1,309 | 6.6% |
| ME DO RE | 22,903 | 1,455 | 6.4% |
| Al Shera Tower | 16,122 | 889 | 5.5% |
Cap rate (rental yield) in Jumeirah Lakes Towers area in Dubai is from 5.5% to 13.6%. The median cap rate in is 7.95%.
The maximum cap rate in Jumeirah Lakes Towers is 13.6% at Lake City Tower project. The minimum cap rate in Jumeirah Lakes Towers is 5.5% at Al Shera Tower project.
Sales prices for off-plan (pre registration and delayed sell) properties in Jumeirah Lakes Towers
| Rooms | Size, sqm | Sale price, AED/sqm | Sale price, AED |
|---|---|---|---|
| Studio | 38 | 17,489 | 667,278 |
| 1 | 84 | 19,599 | 1,642,469 |
| 2 | 126 | 20,230 | 2,540,113 |
| 3 | 153 | 16,611 | 2,542,835 |
| 4 | 245 | 23,601 | 5,770,489 |
Sales prices for completed properties in Jumeirah Lakes Towers
| Rooms | Size, sqm | Sale price, AED/sqm | Sale price, AED |
|---|---|---|---|
| Studio | 43 | 18,254 | 780,625 |
| 1 | 78 | 14,645 | 1,148,017 |
| 2 | 124 | 13,297 | 1,650,125 |
| 3 | 190 | 14,981 | 2,840,625 |
Rents in Jumeirah Lakes Towers
| Rooms | Size, sqm | Rent, AED/sqm/ year | Rent, AED |
|---|---|---|---|
| Studio | 43 | 1,383 | 59,212 |
| 1 | 79 | 1,180 | 92,813 |
| 2 | 119 | 1,104 | 131,376 |
| 3 | 196 | 1,000 | 196,167 |
Price for off-plan Studio apartment in Jumeirah Lakes Towers is 667,278 AED or 17,489 AED/sqm.
Price for off-plan 1 bedroom apartment in Jumeirah Lakes Towers is 1,642,469 AED or 19,599 AED/sqm.
Price for off-plan 2 bedroom apartment in Jumeirah Lakes Towers is 2,540,113 AED or 20,230 AED/sqm.
Price for off-plan 3 bedroom apartment in Jumeirah Lakes Towers is 2,542,835 AED or 16,611 AED/sqm.
Price for off-plan 4 bedroom apartment in Jumeirah Lakes Towers is 5,770,489 AED or 23,601 AED/sqm.
Price for completed Studio apartment in Jumeirah Lakes Towers is 780,625 AED or 18,254 AED/sqm.
Price for completed 1 bedroom apartment in Jumeirah Lakes Towers is 1,148,017 AED or 14,645 AED/sqm.
Price for completed 2 bedroom apartment in Jumeirah Lakes Towers is 1,650,125 AED or 13,297 AED/sqm.
Price for completed 3 bedroom apartment in Jumeirah Lakes Towers is 2,840,625 AED or 14,981 AED/sqm.
Rent in Jumeirah Lakes Towers is 14,981 AED/sqm/year on average for long term rent of an apartment.
Rent for Studio apartment in Jumeirah Lakes Towers is 59,212 AED or 1,383 AED/sqm.
Rent for 1 bedroom apartment in Jumeirah Lakes Towers is 92,813 AED or 1,180 AED/sqm.
Rent for 2 bedroom apartment in Jumeirah Lakes Towers is 131,376 AED or 1,104 AED/sqm.
Rent for 3 bedroom apartment in Jumeirah Lakes Towers is 196,167 AED or 1,000 AED/sqm.
Residential property projects in Jumeirah Lakes Towers
Share of off-plan projects in sales in Jumeirah Lakes Towers is 45%
* - only rent transactions are available
Sales and rents in Jumeirah Lakes Towers in November 2024
| Project name | Sale price, AED/sqm | Pre. reg sales | Delayed sales | Sales | Rent, AED/sqm/ year | Rent contracts |
|---|---|---|---|---|---|---|
| Verde by Sobha | 21,653 | 20 | ||||
| Seven City JLT | 14,824 | 29 | ||||
| Uh by Ellington | 20,350 | 17 | ||||
| ME DO RE | 22,903 | 2 | 10 | 1,455 | 21 | |
| Lake Shore Tower | 11,254 | 7 | 892 | 6 | ||
| Gold Crest Views 2 | 15,337 | 9 | 1,129 | 17 | ||
| Orra The Embankment | 19,836 | 5 | ||||
| Lakepoint N2 | 9,541 | 7 | ||||
| Icon 1 | 12,363 | 6 | ||||
| Lake City Tower | 7,851 | 6 | 1,069 | 6 | ||
| MBL Residence | 19,795 | 6 | 1,309 | 15 | ||
| MBL Royal | 19,566 | 5 | ||||
| Concorde Tower | 12,179 | 6 | 1,034 | 10 | ||
| Banyan Tree Residences | 24,359 | 4 | 1,616 | 5 | ||
| Lakeside Residence | 15,289 | 5 | 1,131 | 10 | ||
| Dubai Arch Tower | 12,379 | 3 | 1,133 | 7 | ||
| Green Lakes S3 | 12,732 | 3 | ||||
| V3 | 13,235 | 3 | 987 | 4 | ||
| New Dubai Gate 2 | 14,352 | 5 | 1,127 | 7 | ||
| Saba Tower 2 | 13,958 | 3 | 1,127 | 4 | ||
| Jumairah Bay Tower X1 | 11,304 | 5 | ||||
| Green Lakes S1 | 13,436 | 3 | ||||
| Voco Bonnington Dubai | 17,564 | 4 | 1,342 | 13 | ||
| Dubai Gate 1 | 15,291 | 6 | 1,111 | 18 | ||
| Icon 2 | 9,613 | 2 | ||||
| Lake Terrace | 16,812 | 4 | 1,209 | 18 | ||
| MAG 214 | 12,764 | 3 | ||||
| Al Waleed Paradise | 11,916 | 2 | ||||
| Al Shera Tower | 16,122 | 1 | 889 | 7 | ||
| Armada Towers | 12,320 | 3 | 1,113 | 13 | ||
| Green Lakes S2 | 15,431 | 2 | ||||
| Indigo Tower | 14,444 | 2 | 1,236 | 7 | ||
| Lake View | 14,622 | 3 | 1,000 | 10 | ||
| Global Lake View | 14,956 | 2 | 1,199 | 5 | ||
| Dubai Star | 12,320 | 3 | 1,229 | 6 | ||
| Madina Tower | 12,987 | 1 | 1,043 | 1 | ||
| Al Seef 2 | 11,219 | 1 | 944 | 3 | ||
| O2 Residences | 13,823 | 2 | ||||
| Goldcrest Views | 12,936 | 1 | ||||
| Laguna Tower | 12,169 | 1 | 980 | 5 | ||
| Viewz By Danube | 16,526 | 2 | ||||
| The Wind Tower 1 | 12,907 | 1 | ||||
| Tamweel Tower | ||||||
| Palladium | 1,065 | 4 | ||||
| Al Seef 3 | ||||||
| The Wind Tower 2 | ||||||
| Gold Crest Executive | 1,428 | 14 | ||||
| Saba Tower 3 | 1,192 | 4 |
Area guide for property buyers in Jumeirah Lakes Towers
What areas are cheaper than 'Jumeirah Lakes Towers' area in Dubai but provide a similar quality of living?
1. Al Barsha2. Discovery Gardens
3. International City
4. Dubai Marina
5. Jumeirah Village Circle
6. Al Warqa
7. Al Quoz
8. Deira
9. Al Khail
10. Mirdif
What areas are better than 'Jumeirah Lakes Towers' area in Dubai and why?
1. Downtown Dubai: Downtown Dubai is a great area to live in due to its proximity to the city center, its excellent transport links, and its many attractions. It is also home to the world’s tallest building, the Burj Khalifa, as well as the iconic Dubai Mall.2. The Palm Jumeirah: The Palm Jumeirah is a man-made island located off the coast of Dubai. It is a popular area for luxury living, with many high-end hotels, restaurants, and shopping malls. It also offers stunning views of the Arabian Gulf and the Dubai skyline.
3. Dubai Marina: Dubai Marina is a great area to live in due to its excellent transport links, its proximity to the beach, and its many attractions. It is also home to some of the best restaurants and nightlife in the city.
4. Business Bay: Business Bay is a great area to live in due to its excellent transport links, its proximity to the city center, and its many attractions. It is also home to many of the city’s top business and financial institutions.
5. Arabian Ranches: Arabian Ranches is a great area to live in due to its excellent transport links, its proximity to the city center, and its many attractions. It is also home to some of the best golf courses in the city.
Where is 'Jumeirah Lakes Towers' area in Dubai located?
Jumeirah Lakes Towers is located in the New Dubai area of the city, between Sheikh Zayed Road and Emirates Road. It is close to the Dubai Marina, Jumeirah Beach Residence and Palm Jumeirah.What are the things to do in and around 'Jumeirah Lakes Towers' area in Dubai and what are their locations?
1. Ski Dubai: Located at Mall of the Emirates, Ski Dubai is the first indoor ski resort in the Middle East. It offers skiing, snowboarding, tobogganing, and other snow-related activities.2. Dubai Marina: Dubai Marina is a waterfront destination with a variety of restaurants, cafes, and shopping outlets. It is located near Jumeirah Lakes Towers and is a great spot for a leisurely stroll.
3. The Beach at JBR: The Beach at JBR is a beachfront destination with a variety of restaurants, cafes, and shopping outlets. It is located near Jumeirah Lakes Towers and is a great spot for a leisurely stroll.
4. Dubai Miracle Garden: Dubai Miracle Garden is a flower garden located in the Al Barsha area of Dubai. It is the world’s largest natural flower garden and is located near Jumeirah Lakes Towers.
5. Dubai Aquarium & Underwater Zoo: The Dubai Aquarium & Underwater Zoo is located in the Dubai Mall and is home to over 140 species of aquatic animals. It is located near Jumeirah Lakes Towers and is a great spot for a family outing.
6. Dubai Ice Rink: Dubai Ice Rink is located in the Dubai Mall and is the largest indoor ice rink in the Middle East. It is located near Jumeirah Lakes Towers and is a great spot for a fun day out.
7. The Walk: The Walk is a pedestrian-friendly promenade located in the Jumeirah Beach Residence area of Dubai. It is located near Jumeirah Lakes Towers and is a great spot for a leisurely stroll.
What schools are there in and around 'Jumeirah Lakes Towers' area in Dubai and what are their locations?
1. Emirates International School Meadows (EIS Meadows): Al Barsha South, Dubai2. Jumeirah International Nursery: Cluster X, Jumeirah Lakes Towers, Dubai
3. GEMS World Academy - Dubai: Cluster Y, Jumeirah Lakes Towers, Dubai
4. GEMS FirstPoint School - The Villa: Al Barsha South, Dubai
5. Emirates International School Jumeirah (EIS Jumeirah): Al Safa 2, Dubai
6. GEMS Wellington International School: Al Sufouh, Dubai
7. Kings' School Dubai: Al Barsha South, Dubai
8. Dubai British School: The Villa, Al Barsha South, Dubai
9. Dubai International Academy: Al Barsha South, Dubai
10. Jumeirah College: Al Safa 2, Dubai
What medical clinics are there in and around 'Jumeirah Lakes Towers' area in Dubai and what are their locations?
1. Prime Medical Center - Cluster X, Jumeirah Lakes Towers, Dubai2. Medcare Medical Centre - Cluster W, Jumeirah Lakes Towers, Dubai
3. Aster Clinic - Cluster X, Jumeirah Lakes Towers, Dubai
4. MediClinic - Cluster Y, Jumeirah Lakes Towers, Dubai
5. Emirates Hospital - Cluster Y, Jumeirah Lakes Towers, Dubai
6. Medcare Women & Children Hospital - Cluster W, Jumeirah Lakes Towers, Dubai
7. American Hospital Dubai - Oud Metha Road, Dubai
8. Al Zahra Hospital - Sheikh Zayed Road, Dubai
9. Mediclinic Welcare Hospital - Al Garhoud, Dubai
10. Burjeel Hospital - Sheikh Zayed Road, Dubai
What hospitals are there in and around 'Jumeirah Lakes Towers' area in Dubai and what are their locations?
1. Medcare Women & Children Hospital - Jumeirah Lakes Towers, Cluster W, Dubai2. Medcare Orthopaedic & Spine Hospital - Jumeirah Lakes Towers, Cluster X, Dubai
3. Medcare Medical Centre - Jumeirah Lakes Towers, Cluster V, Dubai
4. Medcare Hospital & Medical Centre - Al Safa, Dubai
5. Emirates Hospital - Jumeirah, Dubai
6. American Hospital Dubai - Oud Metha, Dubai
7. Medcare Hospital & Medical Centre - Al Barsha, Dubai
8. Emirates Hospital - Al Barsha, Dubai
9. Al Zahra Hospital - Al Barsha, Dubai
10. Aster Clinic - Jumeirah Lakes Towers, Dubai
What parks are there in and around 'Jumeirah Lakes Towers' area in Dubai and what are their locations?
1. JLT Park: Located in Cluster V of Jumeirah Lakes Towers, this park is a great place for families to relax and unwind.2. Jumeirah Lakes Towers Promenade: This promenade is located along the lake in JLT and is a great place to take a leisurely stroll.
3. Jumeirah Beach Park: Located just a few minutes away from JLT, this park is a great place to spend the day with its beach, playgrounds, and picnic areas.
4. Al Khazzan Park: Located in Cluster N of JLT, this park is a great place to take a break from the hustle and bustle of the city.
5. Zabeel Park: Located in the heart of Dubai, this park is a great place to spend the day with its gardens, playgrounds, and outdoor activities.
Cap rate (or rental yield) - gross capitalization rate based on long term rentals, before taxes, fees and service charges and without accounting for delays between long term rentals. Shown average prices and rents.
(x%) shows share of off-plan properties in sales in the last complete month
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