Lake View in Jumeirah Lakes Towers - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for completed properties in Lake View

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
Studio	39	18,326	715,000
1	79	13,093	1,040,000

Rents in Lake View

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
Studio	39	1,545	60,250
1	78	971	75,250
2	130	981	127,500

The cap rate (rental yield) of investments into Lake View project is 7.2% on average.

The price of an apartment in Lake View is 15,687 AED/sqm on average.

The long term rent of an apartment in Lake View is 1,123 AED/sqm/year on average.

Price for completed Studio apartment in Lake View is 715,000 AED or 18,326 AED/sqm.
Price for completed 1 bedroom apartment in Lake View is 1,040,000 AED or 13,093 AED/sqm.

Rent for Studio apartment in Lake View is 60,250 AED or 1,545 AED/sqm.
Rent for 1 bedroom apartment in Lake View is 75,250 AED or 971 AED/sqm.
Rent for 2 bedroom apartment in Lake View is 127,500 AED or 981 AED/sqm.

About Lake View

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

The Lake View project is a luxurious residential development located in the heart of Dubai. It is situated in the Jumeirah Lakes Towers (JLT) district, which is a popular area for business and leisure activities. The project is a joint venture between the renowned real estate developer, Emaar Properties, and the renowned hospitality group, Meraas. The project offers a unique combination of modern living and traditional charm, with a variety of amenities and facilities.

The project consists of two towers, each offering a range of luxurious apartments and penthouses. The apartments are designed with a contemporary style and feature high-end finishes and fixtures. The penthouses offer spectacular views of the lake and the surrounding area. The project also includes a range of amenities such as a swimming pool, gym, spa, and a children's play area.

The project is conveniently located close to a variety of shopping, dining, and entertainment options. The Dubai Marina Mall, Jumeirah Beach, and the Dubai International Financial Centre are all within easy reach. The area is also home to a number of international schools and universities, making it an ideal location for families.

The project is designed to be eco-friendly and energy efficient, with the use of solar panels and other green technologies. The project is also equipped with advanced security systems, ensuring the safety and security of its residents.

The Lake View project is an excellent option for those looking for a luxurious and modern lifestyle in Dubai. With its prime location, range of amenities, and eco-friendly features, the project is sure to provide a comfortable and enjoyable living experience.

Q&A on Lake View

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

1. Prime Location: The Lake View project is located in the heart of Dubai, offering easy access to the city’s key attractions and business centers.

2. Luxury Amenities: The project offers a range of luxurious amenities, including a swimming pool, gym, spa, and kids’ play area.

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

4. High Resale Value: The project is expected to have a high resale value due to its prime location and luxurious amenities.

5. Great Investment Opportunity: The project offers a great investment opportunity for real estate buyers, as it is expected to appreciate in value over time.

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

- Almas Tower
- Quality and Design: Premium commercial spaces with high-end finishes.
- Reputation: One of the tallest buildings in JLT, housing the DMCC headquarters.
- Amenities: State-of-the-art facilities including meeting rooms, high-speed elevators, and advanced security systems.

- One JLT
- Architecture: Modern design with floor-to-ceiling windows, allowing for ample natural light.
- Location: Positioned near the entrance of JLT, ensuring easy access.
- Green Building: LEED Gold certified for its sustainability features.

- Cluster I Towers (Mazaya Business Avenue)
- Flexibility: Offers both office and retail spaces.
- Space Efficiency: Well-planned layouts to maximize the use of space.
- Community: Proximity to business hubs and a well-established community area, facilitating networking.

- Armada Towers
- Residential and Commercial Mix: A blend of office, retail, and residential units.
- Views: Stunning views of the JLT lake and the Dubai skyline.
- Amenities: Includes medical centers, cafes, and recreational facilities.

- Lake Allure (Green Lake Towers)
- Luxury Living: High-end residential units with superior interior finishes.
- Community Amenities: Access to pools, gyms, and concierge services.
- Accessibility: Close to major transportation links like the Dubai Metro.

- Bonnington Tower
- Five-Star Hotel Amenities: Integrated hotel services including housekeeping, room service, and fine dining.
- Serviced Apartments: Options for both short-term and long-term stays.
- Facilities: Rooftop swimming pool, fitness center, and business lounges.