Lake Central, Business Bay

Lake Central, Business Bay

HIGHLIGHTS

About Lake Central Tower

Lake Central is a 23-storey commercial building in Business Bay. Developed by Fakhruddin Properties, the building features offices and shops of various sizes and configurations. It is built in the shape of an inverted T and is located just off Sheikh Zayed Road (E11). The location of the tower makes it highly convenient for people working in the building to come to and from their residences. The tower is built on an area of 64 million sq. ft and is 107 metres high.

Business Bay is one of the most popular and sought-after communities in Dubai, both for commercial and residential purposes. It neighbours the upscale Downtown Dubai and is built along the Dubai Canal. It houses offices of some large corporations, as well as brands. Dubai Design District is also nearby, as well as some notable buildings and landmarks.

IN A NUTSHELL

  • Type of Building: Residential
  • Location: Business Bay
  • Developer: Fakhruddin Properties
  • Date of completion: 2012
  • Number of floors: 23
  • Unit type: Offices and shops
  • Amenities: Pool, gymnasium, fitness centre, business centre and sauna.

BUILDING DETAILS

Facilities in Lake Central Tower

Parking

For parking in Lake Central Tower, there are three underground parking levels with reserved parking space for all offices and shops.

Elevators

There are six high-speed elevators in Lake Central Tower, which ensure that everyone gets to their floor in time.

Security and Concierge Services 

The building offers efficient security and concierge services. Visitors and guests can also park their cars in the parking area and wait in the lobby until they are attended to.

Fitness Amenities 

A wide range of fitness amenities in Lake Central Tower, Business Bay, Dubai are offered. These include a full-fledged fitness center, a sauna, steam rooms, spa, a massage center and a gymnasium in Lake Central. There is also a creek-facing swimming pool as well as a running track which is parallel to the building. For more fitness facilities, you can also go for the best gyms in Business Bay located nearby.

Properties in Lake Central Tower

Properties in Lake Central Tower, Business Bay, Dubai are available as offices and shops of different configurations and sizes. The shops are located on the ground and lower levels of the building, while the offices go up to the 23rd floor.

Offices in Lake Central Tower are available in the following configurations:

  • Shell-and-core offices
  • Fully fitted offices

Shell-and-core offices provide a skeleton space for the tenants to work, where they have to do the designing and interior themselves. They can also choose the fitting and furnishing for their office.

On the other hand, fully fitted offices are fully designed and only require the tenants to bring in their furniture and set up their operations.

Supermarket in Lake Central
Supermarket in Lake Central

There is a supermarket located on the ground floor of the building as well.

Offices in Lake Central Tower

Lake Central Tower, Business Bay is a highly popular building in Business Bay to buy offices. Offices in Lake Central cover an area ranging from 615 sq. ft. to 5,238 sq. ft. Their rental prices range from as low as AED 34.5k for a smaller office, all the way up to AED 264k for a large office of an area of around 5,238 sq. ft. which covers the entire floor. Each office comes with its own bathroom and kitchen.

Offices located on the higher floors give a spectacular view of the Dubai Canal from the tall glass windows. Both fully fitted offices and shell-and-core offices are available in the given sizes. Offices for sale in Lake Central are available in sizes of 1,123 sq. ft. to 1,667 sq. ft., with sale prices ranging from AED 750k to AED 1.95M.

Shops in Lake Central Tower

Shops in Lake Central are situated on the ground or lower floors. They cover an area ranging from 722 sq. ft. to 1,540 sq. ft., with rental prices ranging from AED 123.5k to AED 246.4k per year. They are also available in shell-and-core and fully fitted configuration.

Rental Trends in Lake Central Tower

Offices for rent in Business Bay come in various sizes and configurations. Below are the rental trends for offices for rent in Lake Central

  • Offices for rent in Lake Central are priced around AED 34.5k to AED 264k per year.
  • Shops for rent in Lake Central are available for AED 123.5k to AED 246.4k annually.

Sale Trends in Lake Central Tower

For more options, you can also look at offices for sale in Business Bay.

Service Charges in Lake Central Tower

General Fund
Price Per Sq. Ft. In AED
General Fund
Services
General upkeep of the buildingRead more
Price Per Sq. Ft. In AED
2.11
General Fund
Maintenance
General repairs and replacements
Price Per Sq. Ft. In AED
1.00
General Fund
Utilities Services
Charges for using DEWA/district cooling facilities and meters
Price Per Sq. Ft. In AED
10.91
General Fund
Management Services
Owner’s association charges for managing the property
Price Per Sq. Ft. In AED
2.14
General Fund
Insurance
Charge for the insurance of the building
Price Per Sq. Ft. In AED
0.20
General Fund
Reserved Fund
Funds used for major repairs and to help maintain the yearly service charges fees
Price Per Sq. Ft. In AED
1.00
General Fund
Total
Price Per Sq. Ft. In AED
17.36
SERVICE CHARGES
PRICE PER SQ. FT. IN AED
SERVICE CHARGES
Services
PRICE PER SQ. FT. IN AED
2.86
SERVICE CHARGES
Maintenance
PRICE PER SQ. FT. IN AED
4.63
SERVICE CHARGES
Utilies – DEWA
PRICE PER SQ. FT. IN AED
3.35
SERVICE CHARGES
Utilities – District Cooling
PRICE PER SQ. FT. IN AED
3.94
SERVICE CHARGES
Managment
PRICE PER SQ. FT. IN AED
1.07
SERVICE CHARGES
Insurance
PRICE PER SQ. FT. IN AED
0.78
SERVICE CHARGES
Master Community
PRICE PER SQ. FT. IN AED
0.81
SERVICE CHARGES
Shared Services Income
PRICE PER SQ. FT. IN AED
-0.02
SERVICE CHARGES
Total
PRICE PER SQ. FT. IN AED
17.42

These figures are based on the services charges for Lake Central* as per the Dubai Land Department.

There are many different types of Dubai service charges, read up on the service charges guide if you are interested in buying a property in Dubai.

*These charges are subject to change.

NEARBY AMENITIES

Transportation near Lake Central Tower

There are various options for transportation near Lake Central, Business Bay consisting of bus stops and metro stations.

Bus Stations near Lake Central Tower

Lake Central Tower Bus Stop
Lake Central Tower Bus Stop

There are a number of bus stops within walking distance of Lake Central, namely Clover Bay Tower Bus Stop, Lake Central Tower Bus Stop and 8 Boulevard Walk Tower Bus Stop.

Metro Stations near Lake Central Tower

Most of the people who work in Business Bay use the metro to get to work. The Business Bay Metro Station is located only 6 minutes away, whereas the Burj Khalifa/ Dubai Mall Metro Station is at a 7-minute drive away. Also nearby is Financial Centre Metro Station, which can be reached within 8 minutes by car.

Restaurants near Lake Central Tower

Residents of Lake Central Tower have access to one of the best restaurants in Business Bay. Some popular restaurants near Lak e Central Tower include:

  • Malak Al Tawouk
  • Hot n Spicy
  • Tangerine
  • CALI-POKE California Seafood House

Malak Al Tawouk is 3 minutes away and features Arabian, Middle Eastern and Lebanese cuisine. Hot n Spicy is located around 5 minutes away and is an Asianrestaurant which serves Pakistani and Indian dishes.

Also nearby at a drive of 7 minutes  is Tangerine, which has signature Thai, Chinese, Malaysian, Singaporean and Chinese dishes. To enjoy seafood, sushi, Peruvian and Hawaiian delicacies, people can make the 7-minute drive to CALI-POKE California Seafood House.

There are a number of wonderful cafes nearby, such as:

  • Kad Che
  • FiLLi
  • Starbucks

These cafes are within a 7-minute drive and feature various beverages, coffees, as well as snacks and desserts. They also offer healthy food options for health-conscious people. FiLLi and Starbucks are among the most popular cafes in Dubai.

Fast food options near Lake Central Tower include:

  • KFC
  • Burger King
  • McDonald’s
  • Shake Shack
  • Hardee’s

Fine dining restaurants near the building are:

  • ROKA – The Opus by Omniyat
  • Prime68 – JW Marriott Marquis
  • Tong Thai – JW Marriott Marquis
  • Weslodge Saloon – JW Marriott Marquis
  • Hotel Cartagena – JW Marriott Marquis

ROKA is a newly launched restaurant at The Opus by Omniyat, which is only 3 minutes away. It is a quality Japanese restaurant. 7 minutes away is the JW Marriott Marquis, a 5-star hotel which has some fantastic fine dining restaurants.

Located in JW Marriott Marquis is Prime68, which famous for its steaks, while Tong Thai is a quality Thai eatery. Tenants can also enjoy authentic American dishes at Weslodge Saloon and Hotel Cartagena is the station for Latin American cuisine.

To wind down after work, tenants can find the given pubs and clubs near the building:

  • The Rose & Crown – The Atrium
  • Double Decker – Roda Al Murooj
  • Distillery – Manzil Downtown Dubai

These nightlife options are within a 10-minute drive and feature a wide range of drinks and snacks.

NEARBY BUILDINGS

Nearby buildings around Lake Central, Business Bay include Vida Downtown, South Ridge Tower 1, Zaafaran 5 and Westburry Tower 1 near the location.

THINGS TO CONSIDER

While living in Business Bay has its perks and privileges. People who have their offices in Lake Central will have to get used to the constant traffic and hubbub associated with the community. Otherwise, the building has spectacular offices and shops.

Are you looking to buy or rent apartments in Lake Central Tower?

RATINGS & REVIEWS

Reviews are not available currently for this building

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