Lake Terrace in Jumeirah Lakes Towers - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for completed properties in Lake Terrace

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
Studio	46	17,982	835,000
1	70	17,084	1,200,000

Rents in Lake Terrace

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
Studio	48	1,311	63,250
1	68	1,108	75,333

The cap rate (rental yield) of investments into Lake Terrace project is 7.9% on average.

The price of an apartment in Lake Terrace is 17,595 AED/sqm on average.

The long term rent of an apartment in Lake Terrace is 1,207 AED/sqm/year on average.

Price for completed Studio apartment in Lake Terrace is 835,000 AED or 17,982 AED/sqm.
Price for completed 1 bedroom apartment in Lake Terrace is 1,200,000 AED or 17,084 AED/sqm.

Rent for Studio apartment in Lake Terrace is 63,250 AED or 1,311 AED/sqm.
Rent for 1 bedroom apartment in Lake Terrace is 75,333 AED or 1,108 AED/sqm.

About Lake Terrace

'Lake Terrace' in 'Jumeirah Lakes Towers' area project description

Lake Terrace is a luxurious residential development located in the heart of Dubai. The project is situated in the Jumeirah Lake Towers (JLT) district, which is a vibrant and bustling area of the city. The development consists of two towers, each with its own distinct style and design. The towers are connected by a bridge, creating a unique and eye-catching feature.

The towers are designed to be modern and stylish, with a contemporary aesthetic. The exterior of the buildings is clad in glass and steel, creating a sleek and modern look. Inside, the apartments are spacious and well-appointed, with high-end finishes and fixtures. The development also features a range of amenities, including a gym, swimming pool, and a variety of shops and restaurants.

The project is located close to a number of attractions, including the Dubai Marina, Jumeirah Beach, and the Dubai Mall. It is also within easy reach of the city’s business district, making it an ideal location for business professionals.

The development is managed by a professional team of property management experts, who ensure that the building is kept in excellent condition. The team also provides a range of services, such as maintenance, security, and concierge services.

Lake Terrace is an excellent choice for those looking for a luxurious lifestyle in the heart of Dubai. The development offers a range of amenities and is located close to a number of attractions, making it an ideal place to live.

Q&A on Lake Terrace

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

1. Prime Location: Lake Terrace is located in the heart of Dubai, offering easy access to the city’s most popular attractions and amenities.

2. Luxurious Amenities: The project offers a range of luxurious amenities, including a private beach, a swimming pool, a gym, a spa, and a kids’ club.

3. Affordable Prices: The project offers competitively priced apartments and villas, making it an attractive option for real estate buyers looking for an affordable property in Dubai.

4. High-Quality Construction: The project is built to the highest standards, with high-quality materials and finishes.

5. Excellent Investment Opportunity: The project offers excellent potential for capital appreciation, making it an attractive option for investors.

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

1. Almas Tower:
- Status: Iconic commercial property.
- Advantages: Central location within JLT, views of the lakes, direct access to DMCC Metro Station, high-grade office spaces.
- Notable Features: Largest tower in JLT, prestigious environment, high demand for leasing offices.

2. Cluster X (Jumeirah Bay X1, X2, X3):
- Status: Mixed-use towers.
- Advantages: Modern amenities, close proximity to parks and retail outlets, short walk to Metro station.
- Notable Features: Flexible office and residential options, good for both professionals and families.

3. Cluster E (Saba Towers 1, 2 and 3):
- Status: Prime residential and commercial buildings.
- Advantages: Spacious apartments and high-end office spaces, close to Jumeirah Islands.
- Notable Features: Known for quality construction, impressive skyline views, and state-of-the-art facilities.

4. Cluster M (Icon Tower 1 & 2):
- Status: Residential buildings with budget-friendly options.
- Advantages: Affordability without compromising on quality, easily accessible from Sheikh Zayed Road.
- Notable Features: Good investment potential, decent amenities, vibrant community feel.

5. Cluster A (Armada Towers):
- Status: Residential and commercial.
- Advantages: Proximity to Jumeirah Lakes Towers Park, variety of dining and retail outlets within walking distance.
- Notable Features: Beautifully landscaped surroundings, excellent community services, accessible health and fitness centers.

6. Cluster D (Lake City Tower & Indigo Tower):
- Status: High-rise residential and commercial.
- Advantages: Immediate access to the Metro station, wide range of apartment sizes, bustling atmosphere.
- Notable Features: Good mix of leisure and business facilities, strategic location enhancing commute ease.

7. Cluster C (Goldcrest Executive & Fortune Executive):
- Status: Mixed-use.
- Advantages: Close to major highways, ample amenities including restaurants and shops, professional-grade office spaces.
- Notable Features: Good return on investment, scenic lake views, robust security systems.

Each of these projects offers unique advantages over the Lake Terrace in terms of location, amenities, or a blend of residential and commercial suitability.