Lake City Tower in Jumeirah Lakes Towers - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for completed properties in Lake City Tower

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
1	75	8,732	658,750
2	116	6,702	775,000

Rents in Lake City Tower

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
Studio	38	1,250	47,500
1	72	1,028	74,000
2	115	1,026	118,033

The cap rate (rental yield) of investments into Lake City Tower project is 13.6% on average.

The price of an apartment in Lake City Tower is 7,851 AED/sqm on average.

Price for completed 1 bedroom apartment in Lake City Tower is 658,750 AED or 8,732 AED/sqm.
Price for completed 2 bedroom apartment in Lake City Tower is 775,000 AED or 6,702 AED/sqm.

Rent in Lake City Tower is 6,702 AED/sqm/year on average for long term rent of an apartment.

Rent for Studio apartment in Lake City Tower is 47,500 AED or 1,250 AED/sqm.
Rent for 1 bedroom apartment in Lake City Tower is 74,000 AED or 1,028 AED/sqm.
Rent for 2 bedroom apartment in Lake City Tower is 118,033 AED or 1,026 AED/sqm.

About Lake City Tower

'Lake City Tower' in 'Jumeirah Lakes Towers' area project description

Lake City Tower is a luxurious residential skyscraper located in the heart of Dubai, UAE. The tower stands at a height of 394 meters and is one of the tallest buildings in the city. It is part of the Lake City development, which is a mixed-use development that includes residential, commercial, and retail components.

The tower consists of two distinct sections: the lower part is a residential tower with luxurious apartments, while the upper part is a hotel with a range of amenities. The apartments range from one-bedroom to four-bedroom units, and all come with access to a range of facilities, including a swimming pool, gym, sauna, and spa. The hotel section features a range of restaurants, bars, and lounges, as well as a rooftop terrace with stunning views of the city.

The tower is surrounded by lush green gardens and landscaped courtyards, making it an ideal place to relax and unwind. The development also includes a shopping mall, which offers a range of retail outlets, restaurants, and cafes. There is also a range of leisure activities available, including a golf course, tennis courts, and a jogging track.

The tower is designed to be energy-efficient and sustainable, with a range of green features, such as solar panels and rainwater harvesting. The tower is also designed to be earthquake-resistant, with a reinforced concrete core and steel frame.

Lake City Tower is a luxurious and modern development that offers residents and visitors a unique living experience. With its stunning views, luxurious amenities, and green features, it is the perfect place to call home.

Q&A on Lake City Tower

What are the advantages of 'Lake City Tower' project in Dubai for property buyers? What are the disadvantages?

1. Prime Location: Lake City Tower is located in the heart of Dubai, offering easy access to the city’s major attractions, shopping malls, and business hubs.

2. Luxury Amenities: The project offers a range of luxurious amenities such as a swimming pool, gym, sauna, steam room, and a private cinema.

3. Affordable Prices: The project offers competitively priced apartments, making it an attractive option for real estate buyers.

4. High-Quality Construction: The project is built with high-quality materials and is designed to meet international standards.

5. Flexible Payment Plans: The project offers flexible payment plans, allowing buyers to pay in installments.

6. Rental Potential: The project offers a great rental potential, making it an attractive option for investors.

What projects are better than 'Lake City Tower' project in Dubai which are located close by, and why?

1. Almas Tower:
- Height and Prestige: One of the tallest buildings in JLT and a central business hub.
- Premium Office Spaces: High-end office spaces attracting major businesses and offering networking opportunities.
- Facilities: Advanced technological infrastructure, top-tier amenities, conference centers.

2. Bonnington Tower:
- Mixed-Use Development: Luxury hotel and residential apartments, providing a blend of living and hospitality.
- Services: 5-star hotel services, award-winning restaurants, and rooftop infinity pool.
- Community Vibe: A more community-oriented environment with high-end facilities.

3. Dubai Arch Tower:
- Architecture: Unique, modern design standing out in the JLT skyline.
- Amenities: High-end residential features including health clubs, swimming pools, and beautifully landscaped gardens.
- Accessibility: Proximity to metro stations, facilitating easy movement across Dubai.

4. Green Lakes Towers:
- High-End Finishes: Superior construction quality and luxurious interior finishes.
- Lake Views: Panoramic views of the lakes and the surrounding areas enhancing the living experience.
- Facilities: Comprehensive facilities including indoor swimming pool, spa, gymnasium.

5. Jumeirah Bay X-Series Towers:
- Commercial Excellence: Strategic location for businesses with excellent connectivity to major highways.
- Flexible Office Spaces: A variety of office spaces catering to startups and established companies alike.
- State-of-the-Art Amenities: Latest in business amenities, meeting rooms, and in-building retail spaces.

6. Armada Towers:
- Diverse Options: A mix of residential, commercial, and hotel spaces offering varied real estate options.
- Strategic Location: Advantageously located with easy access to Sheikh Zayed Road and Dubai Marina.
- Facilities: Full-fledged amenities for both residents and businesses including parking, security, and lifestyle amenities.