Lake City Tower, JLT

Lake City Tower, JLT

HIGHLIGHTS

About Lake City Tower, JLT

Located in Cluster D of JLT, is a high-rise building known as Lake City Tower. The project was launched by Tiger Properties in 2005 and was completed in 2008. This waterfront property is 152 metres tall with 36 residential floors and offers splendid views of the lake in JLT. There are 442 apartments divided into studios, 1 and 2-bedroom units. Each residential apartments comes with a reserved parking space in the basement. There are various amenities in the tower to facilitate residents including CCTV monitoring, gymnasium, swimming pool, sauna and jacuzzi. The tower is located very close to DMCC Metro Station.

Lake City Tower
Lake City Tower stands 152 metres above ground

Jumeirah Lake Towers (JLT) is a waterfront community with clusters, each housing three high-rise buildings. The area has many offices, apartments, retail outlets, restaurants and supermarkets. It also houses a pet-friendly park named JLT Park. According to the Bayut Property Market Report 2019, it is one of the most popular areas for buying and renting apartments in Dubai.

IN A NUTSHELL

  • High-rise building, situated in Cluster D, JLT
  • Waterfront property with lake views
  • A development by Tiger Properties
  • Construction started in 2005 and was completed in 2008
  • Consist of 36 residential floors with 442 apartments 
  • Offers studios, 1 and 2-bedroom apartments
  • Basement reserved parking spaces for residents
  • Amenities include 24-hours security, gymnasium, swimming pool, sauna and jacuzzi
  • Close to DMCC Metro Station

BUILDING DETAILS

Facilities in Lake City Tower, JLT

Parking

Parking in Lake City Tower is situated in the basement. There is at least one reserved parking space for each apartment. However, visitors can easily find ample parking spaces outside the building.

Elevators

There are high-speed elevators in Lake City Tower.

Security, Central Air-Conditioning and Maintenance Services 

The building is monitored through CCTV cameras. There are garbage chutes on each floor for garbage disposal. District cooling is supplied by Empower while DEWA powers electricity and water supply in the tower.

Gym and Fitness Facilities 

The gym in Lake City Tower is fully equipped. There is a rooftop swimming pool. Also, residents can relax with jacuzzi and sauna facilities available in the building.

Concierge and Guest Services 

There is a spacious entrance lobby in the building with 24/7 concierge services.

Pet-friendly

Though JLT is a pet-friendly community, you can contact the landlord for the pet policy of City Lake Tower.

Lake City Tower, JLT Floor Plans 

The residential units in Lake City Tower, JLT come in different floor plans and configurations. Here is the floor plan of the apartment building:

  • Studio apartments in Lake City Tower, JLT consist of one type
  • 1-bedroom apartments in Lake City Tower, JLT consist of four different unit types
  • 2-bedroom apartments in Lake City Tower, JLT consist of one unit type

Bayut has worked on creating a simple format for 2D and 3D floor plans on the website. You can easily find the unit type and bed type you’re interested in by browsing Lake City Tower floor plans.

Apartment Types in Lake City Tower, JLT

There are 442 apartments divided into studios, 1 and 2-bedroom flats. There are en-suite bathrooms, an open kitchen and built-in closets in most units with the balconies providing views of the man-made lakes.

Studio Apartments in Lake City Tower, JLT

Studio apartments in Lake City Tower, Dubai come with an area ranging from 400 sq. ft to 450 sq. ft. These flats have a sleeping and dining area with a kitchen, a bathroom with a shower and a bedroom with a built-in wardrobe.

1-Bedroom Apartments in Lake City Tower, JLT

1-bedroom apartments in City Lake Tower span over an area from 650 sq. ft to 1,000 sq. ft. All the units consist of an open kitchen, a master bedroom with a built-in wardrobe and an ensuite bathroom, a powder room and a balcony.

2-Bedroom Apartments in Lake City Tower, JLT

2-bedroom apartments cover an area ranging between 1,200 sq. ft to 1,400 sq. ft. These units have a large living area that opens into two bedrooms, two ensuite bathrooms, one open kitchen, one powder room and a balcony. Both the bedrooms have built-in closets.

Most Popular Apartment Types in Lake City Tower, JLT

  • Studio
  • 1-Bed
  • 2-Bed
  • 0
  • 20%
  • 40%
  • 60%
  • 80%100%

Based on searches conducted by users on Bayut.com over the past 12 months

According to the data by Bayut, the most popular bed types are 1-bedroom apartments. These are followed by studio flats. 2-bedroom apartments are last on the list with the least searches.  

Rental Trends in Lake City Tower, JLT

Apartments of rent in Lake City Tower, Dubai are available at the following prices:

  • Studio apartments can be rented for prices ranging from AED 36k to AED 43k per year
  • The annual rental price for 1-bedroom flats ranges between AED 45k and AED 60k
  • For those interested in renting a 2-bed flat, they can expect to pay an annual rent that ranges between AED 60k to AED 83k

For more similar apartments and bed types, you can browse JLT apartments for rent.

Sale Trends in Lake City Tower, JLT

Apartments for sale in Lake City Tower, Dubai can be purchased at the following prices:

  • Studio flats have a sale price of AED 475k
  • 1-bedroom apartments can be purchased for a sale price ranging between AED 520k to AED 950k
  • The sale price for 2-bedroom flats ranges between AED 735k to AED 1.1M

The sale price of the units differ according to the coverage area and amenities. You can compare these prices with other apartments for sale in Jumeirah Lake Towers.

Rental Yield in City Lake Tower

  • Studio
  • 1-Bed
  • 2-Bed
  • 0
  • 2%
  • 4%
  • 6%
  • 8%10%

Based on searches conducted by users on Bayut.com over the past 12 months

With regards to return on investment (ROI) for City Lake Tower flats, the difference between each bed type is not very significant. 1-bedroom apartments have a rental yield of 7.8% whereas studios and 2-bedroom flats have an ROI of 7.6% and 7%, respectively.

Service Charges in Lake City Tower, JLT

General Fund
Price Per Sq. Ft. In AED
General Fund
Services
General upkeep of the building
Price Per Sq. Ft. In AED
5.58
General Fund
Maintenance
General repairs and replacements
Price Per Sq. Ft. In AED
2.27
General Fund
Utilities Services
Charges for using DEWA/district cooling facilities and meters
Price Per Sq. Ft. In AED
2.16
General Fund
Management Services
Owner’s association charges for managing the property
Price Per Sq. Ft. In AED
0.94
General Fund
Insurance
Charge for the insurance of the building
Price Per Sq. Ft. In AED
0.27
General Fund
Master Community
Fees for communal facilities in the neighbourhood
Price Per Sq. Ft. In AED
2.55
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
14.77

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

Dubai service charges are of different types and vary according to the area and the amenities offered. 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 City Tower, Dubai

Bus Stations near Lake City Tower, JLT

JLT, Dubai Arch Tower Bus station is located 3-minute away. JLT, Silver Tower Bus station and JLT, Dubai Star Tower are reachable within 4 minutes.

Metro Stations near Lake City Tower, JLT

DMCC Metro Station 1 is a 5-minute walk away whereas DAMAC Properties Metro Station is accessible in 8 minutes by car.

Tram Stations near Lake City Tower, JLT

Dubai Marina Mall Tram station and Jumeirah Beach Residence 2 Tram station are the nearest situated at a 9 and 10-minute distance.

Restaurants near Lake City Tower, JLT

Nearby popular restaurants include:

  • Antalya Restaurant
  • Hyu Korean Restaurant
  • Mythos Restaurant

There are several restaurants in the vicinity of City Lake Tower. For example, after a 6-minute walk, one can reach Antalya Restaurant that serves fast food, Chinese, Arabian and Middle Eastern cuisines. On average, one can expect to pay around AED 60 for a meal fit for two people. For those who want to try out Korean food, can head over to Hyu Korean Restaurant. Some dishes that are worth trying at this restaurant are Bulgogi, Seafood, Crispy Chicken, Kimchi Pancake and Tofu Soup. Fans of Greek food can visit Mythos. Located 9-minute away from the tower, this restaurant is kid-friendly, with free WiFi and a full bar. The most popular dishes at this restaurant are Pork Souvlaki, Greek Salad and Lamb Chops. 

Nearby Fine Dining Restaurants Include:

  • Cavendish Restaurant
  • Celebrities
  • Cinque

At a distance of 5-minute, there is Cavendish Restaurant where one can enjoy a variety of British, Irish and Mediterranean cuisines. It is one of the best restaurants in JLT. Whether one is craving a juicy Steak or prefers to bite onto some Jumbo Prawns, this restaurant has it for them. Celebrities is situated in One&Only Royal Mirage, at an 11-minute distance. The restaurant offers European food with a full bar, breakfast, indoor and outdoor sitting options. 13-minute away is located another fine dining restaurant known as Cinque. It serves Italian food and their best-sellers are Pasta and Tiramisu. Also, the restaurant has a full bar and valet parking available.

Supermarkets near Lake City Tower, JLT

Nearby Supermarkets include:

  • KP Mart Supermarket
  • Carrefour Market JLT Palladium
  • Spinneys JLT Cluster J
  • Al Maya Supermarket
  • Choithrams Supermarket

There are several supermarkets that surround City Lake Tower. The nearest one is KP Mart Supermarket located at a distance of 4-minute. Spinneys JLT Cluster J and Carrefour Market JLT Palladium are accessible with a 6-minute drive. Both of the supermarkets are popular with a variety of local and international food products.

Al Maya Supermarket and Choithrams Supermarket are situated at 7 and 9-minute distance.

NEARBY BUILDINGS

Preatoni Tower, Jumeirah Bay X1, Lake Point Tower and Concorde Tower are all high-rise buildings located within a 5-minute drive. Preatoni Tower is the second tallest building in JLT with both commercial and residential apartments.

Concorde Tower is 45 floors in height and consists of studios, 1 and 2-bedroom apartments whereas Lake Point Tower has 40 floors with 1, 2 and 3-bedroom apartments.

Icon Tower is situated at 10-minute distance. It is a high-rise project and offers 1, 2 and 3-bedroom apartments.

Major Landmarks

Nearby landmarks and Places for Entertainment include:

  • Dubai Marina Walk
  • AquaFun Water Park
  • Wild Wadi Water Park 

Dubai Marina Walk is located 8-minute away from the tower. It is a seven-kilometer long promenade lined with palm trees. One can either enjoy their favourite food at the restaurants or get a relaxing massage at the Chi Foot Spa. Also, the walkway has a play area, bike rentals and yacht cruises to entertain its visitors. AquaFun Water Park is the largest inflatable park in the world. It is situated in Jumeirah Beach Residence, at an 11-minute distance.

Wild Wadi Water Park is accessible in 15-minute, by car. The water park is an excellent place to enjoy weekends with family. Apart from the thrilling rides and wave pool, there are restaurants and souvenir shops to buy water park equipment. There are also lockers and rent-a-towel facilities available.

THINGS TO CONSIDER

Lake City Tower offers affordable apartments with easy access to metro stations, shopping malls, supermarkets and restaurants. However, the substandard maintenance services of the building may impose a problem for its residents.

Are you looking to buy or rent apartments in Lake City Tower, JLT?

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