Green Lakes S1 in Jumeirah Lakes Towers - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for completed properties in Green Lakes S1

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
2	106	13,379	1,415,000

The price of an apartment in Green Lakes S1 is 13,379 AED/sqm on average.

Price for completed 2 bedroom apartment in Green Lakes S1 is 1,415,000 AED or 13,379 AED/sqm.

About Green Lakes S1

'Green Lakes S1' in 'Jumeirah Lakes Towers' area project description

Green Lakes S1 is a premier residential development located in the vibrant community of Jumeirah Lakes Towers (JLT) in Dubai. Known for its superior quality and modern design, Green Lakes S1 is a standout project within the JLT area, offering luxurious living spaces and a host of amenities that cater to a sophisticated urban lifestyle.

The Green Lakes S1 tower is one of three high-rise structures within the Green Lakes complex. It is a 34-story building that comprises a mix of spacious one, two, and three-bedroom apartments, as well as stunning penthouses. Each residence is designed with attention to detail, featuring high-end finishes, large windows that offer breathtaking views of the surrounding lakes and the Dubai skyline, and generously sized balconies. The interiors are sleek and modern, with contemporary kitchen fixtures, elegant bathrooms, and high-quality flooring.

One of the key features of Green Lakes S1 is its state-of-the-art amenities designed to enhance the living experience of its residents. The tower boasts a fully equipped gymnasium, which is ideal for fitness enthusiasts. There is also a temperature-controlled swimming pool, providing a perfect spot to relax and unwind. Additionally, the development includes a sauna and steam room, adding a touch of luxury and further promoting wellness and relaxation.

Residents of Green Lakes S1 benefit from its prime location within the Jumeirah Lakes Towers area. JLT is known for its vibrant community atmosphere, scenic lakes, and lush green landscapes. It is also home to numerous retail and dining options, with cafes, restaurants, and shops lining the waterfront promenades. The locality provides easy access to other key areas of Dubai through well-connected road networks and public transportation, including the Dubai Metro. The proximity to major business hubs like Dubai Marina, Jebel Ali Free Zone, and Downtown Dubai adds to the convenience for working professionals living in the area.

Security and maintenance are top priorities at Green Lakes S1, ensuring a safe and comfortable environment for all residents. The building features 24-hour security and concierge services, along with dedicated parking spaces and around-the-clock maintenance support.

Green Lakes S1 represents a blend of comfort, luxury, and convenience, making it an attractive choice for individuals and families looking for an upscale living experience in Dubai. The combination of high-quality residences, modern amenities, and a prime location within JLT solidifies its status as a sought-after residential address in the city.

Q&A on Green Lakes S1

What are the advantages of 'Green Lakes S1' project in Dubai for property buyers? What are the disadvantages?

Advantages:

1. Prime Location: Situated in the Jumeirah Lakes Towers (JLT) area, it offers easy access to key areas in Dubai such as Dubai Marina, JBR, and Sheikh Zayed Road.
2. Views: Many units provide stunning views of the lakes, Dubai Marina skyline, and the Emirates Golf Club.
3. Amenities: High-end amenities including a swimming pool, fitness center, sauna, steam rooms, and 24-hour security.
4. Transportation: Proximity to the Damac Properties Metro Station ensures excellent connectivity to the rest of the city.
5. Mixed-Use Development: With retail and dining options within the cluster, daily needs are conveniently met.
6. Architectural Design: Modern and stylish architectural design adds to the appeal.
7. Community Feel: JLT is known for its family-friendly environment with parks, playing areas, and lakeside promenades.
8. Freehold Property: Investment in freehold property allows expatriates to fully own the property.
9. Maintenance and Management: Managed by leading property management companies ensuring well-maintained facilities.

Disadvantages:

1. Traffic Congestion: JLT can experience significant traffic congestion, especially during peak hours.
2. Parking Issues: Limited guest parking can be a challenge; residents may need to be cautious with visitor management.
3. Proximity to Construction Sites: Ongoing construction in and around JLT may lead to noise and dust.
4. Service Charges: Higher service charges due to the premium amenities and overall maintenance standards.
5. Property Prices: Cost per square foot can be higher compared to other areas in Dubai, reflecting the premium nature of the project.
6. Limited Views in Lower Floors: Lower floor units may not enjoy as scenic views compared to higher floors.
7. High Demand: Due to popularity, units may have high occupancy rates making it competitive to secure a property.
8. Elevator Wait Times: In peak times, elevator wait times might be longer due to high resident density.
9. Noise from Nearby Activities: Potential noise from nearby commercial activities, especially if located close to restaurants or shops.

What projects are better than 'Green Lakes S1' project in Dubai which are located close by, and why?

- Armada Towers: Positioned within the Jumeirah Lakes Towers (JLT) area, Armada Towers offers a trio of beautifully designed towers. These towers cater to both residential and commercial spaces and feature high-end finishes, multiple swimming pools, well-equipped gyms, and proximity to marina views, making them highly desirable.

- Almas Tower: The tallest skyscraper in JLT, Almas Tower primarily serves as a commercial tower but boasts an impressive infrastructure, state-of-the-art facilities, and some of the best office spaces in Dubai. Due to its central location, it has excellent connectivity and views of the surrounding lakes.

- Bonnington Tower: Located in Cluster J of JLT, Bonnington Tower is a mix of luxury serviced apartments and hotel rooms. Residents benefit from five-star hotel amenities, including a clubhouse, leisure deck, swimming pool, and multiple dining options. Its central location provides easy access to both metro stations and major highways.

- O2 Residence: O2 Residence offers luxurious apartments with modern design and high-quality finishes. The residence features amenities like a health club, spa, children's play area, and landscaped gardens, providing an enhanced living experience compared to Green Lakes S1.

- Lake Terrace: Known for its eye-catching architectural design, Lake Terrace offers residents stunning views of the surrounding lakes and skyline. It also features a rooftop swimming pool, state-of-the-art gym, and a location within walking distance to the metro station, providing both convenience and luxury.

- Icon Tower: Located in Cluster L, Icon Tower provides spacious and ergonomically designed apartments. Residents enjoy facilities such as a temperature-controlled swimming pool, health club, and children’s playgrounds. Its strategic position further ensures quick access to shopping, dining, and entertainment outlets.

What are the closest schools to 'Green Lakes S1' project in Dubai?

1. Dubai British School, Emirates Hills - Located approximately 2 km away in Emirates Hills
2. Dubai International Academy, Emirates Hills - Situated around 3 km away in the Emirates Hills area
3. Emirates International School Meadows - About 4 km away in Meadows 4, Emirates Living Community
4. Regent International School - Approximately 4 km away in The Greens, near Tecom
5. American School of Dubai - Located roughly 6 km away in Al Barsha

These schools offer a variety of curriculums, including British, American, and International Baccalaureate (IB).

What are the closest medical clinics to 'Green Lakes S1' project in Dubai?

1. Armada Medical Centre - Armada Towers, Cluster P, Jumeirah Lakes Towers (JLT), Dubai.
2. Aster Clinic (JLT) - Tiffany Tower, Cluster W, Jumeirah Lakes Towers (JLT), Dubai.
3. Medcare Medical Centre - Reef Tower, Cluster O, Jumeirah Lakes Towers (JLT), Dubai.
4. HealthBay Polyclinic - Almas Tower, Cluster C, Jumeirah Lakes Towers (JLT), Dubai.
5. Life Medical Center - HDS Business Centre, Cluster M, Jumeirah Lakes Towers (JLT), Dubai.