Lake Terrace, JLT

Lake Terrace, JLT

HIGHLIGHTS

About Lake Terrace

Jumeirah Lake Towers (JLT) is one of the most sought-after areas in Dubai. The mixed-use community is home to high-rise buildings arranged in 26 clusters named from A to Z. Each cluster features three buildings. One of the clusters located on the northern side of Jumeirah Lake Towers is Cluster D. Lake Terrace is one of the three high-rise buildings in Cluster D. Other two buildings in Cluster D are Indigo Tower and Lake City Tower.

Lake Terrace JLT
Lake Terrace in Cluster D, JLT

Lake Terrace Tower is a tall structure with a turquoise and white façade. The side that faces the lake features a disc-style arrangement of balconies. The tower has commercial spaces on the ground floor and the first level is dedicated to recreational facilities such as swimming pool and health club

Developed by DAMAC Properties, the residential tower was launched in 2004 and completed in 2008. The 40-storey Lake Terrace, JLT stands 614 feet (187 m) tall and features 544 residential units including studio, 1-bedroom, 2-bedroom and 3-bedroom apartments with covered areas ranging from 400 sq. ft. to 1,500 sq. ft. These apartments offer magnificent views of Almas Tower, JLT Lake and Sheikh Zayed Road.

The tower is situated near Sheikh Zayed Road, next to the Emirates Golf Club. From leisure and recreation options to retail, dining, childcare facilities, educational institutions and outdoor activities, you will find all you need within proximity.

IN A NUTSHELL

  • A project of DAMAC Properties
  • Located in Cluster D, JLT
  • Next to Lake Almas East
  • 614 feet tall 
  • 40-storey residential building
  • Offers 544 apartments in studio, 1, 2 and 3-bed configurations 
  • Close to Sheikh Zayed Road (E11)
  • Metro stations are in proximity

BUILDING DETAILS

Facilities in Lake Terrace, JLT

Parking

Parking in Lake Terrace, JLT is available in the basement. Residents can use the two basement levels to park their vehicles.

Elevators

Like other buildings in JLT, there are well-maintained high-speed elevators in Lake Terrace Tower, Dubai.

Security, Central Air-Conditioning and Maintenance Services 

All areas in this building are a non-smoking zone. There is also a waste disposal system on every floor. District cooling services are provided by Empower. Water and electricity services are managed by DEWA.

Gym and Fitness Facilities

Residents can work out at the well-equipped gym in Lake Terrace, JLT. The gym includes exercise machines such as treadmills, stationary bikes, ab benches, stair steppers, elliptical machines and rowing machines.

Lifestyle Amenities

Lake Terrace Tower, JLT, Dubai features a resort-style infinity pool. It also includes a swimming areafor kids with a safety fence. Residents can hang out at the pool bar and sip cocktails. The deck area beside the Lake Terrace pool is dotted with sun loungers and patio umbrellas.

Other facilities in Lake Terrace, JLT include a sauna for muscle relaxation. There is a steam room where residents benefit from thermal spa treatment for body detoxification and rejuvenation. There is no play area in Lake Terrace Tower, Dubai, but there are numerous recreational and educational spaces for children in the community.

I Glow Beauty Lounge is a salon in Lake Terrace, JLT that provides various beauty services. There is also a pet grooming shop called Pets in the City and a florist called Flower Station.

Concierge and Guest Services 

Residents of Lake Terrace, JLT enjoy round-the-clock concierge services. The front desk staff answers any queries residents and guests might have.

Lake Terrace, JLT Floor Plans

  • 3-bedroom apartments in Lake Terrace, 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 the Lake Terrace floor plans.

Apartment Types in Lake Terrace Tower, Dubai

Whether you are looking for a studio, 1-bed, 2-bed or 3-bed apartment, Lake Terrace Tower, Dubai has both unfurnished and fully furnished units. Bedrooms include a closet while bathrooms have a bathtub or a shower area or both. Living rooms in every apartment are connected to balconies that overlook the tallest tower of the community as well as the picturesque man-made lake. Larger apartments, 2-bed and 3-bed flats, include a laundry area and a storeroom.

Studio Apartments in Lake Terrace

Studio apartments in Lake Terrace Tower, JLT, Dubai have covered areas ranging from 470 sq. ft. to 570 sq. ft. Accessible through a sliding glass door, the wide balcony adds extra space. 

Kitchens in studio units are small and have an open-plan layout. The cabinetry features matte-finish woodwork. You can find black countertops, a stainless steel washbasin and an electric built-in stovetop. 

1-Bedroom Apartment in Lake Terrace

1-bedroom flats in Lake Terrace, Dubai usually have one bathroom but some units have an extra bathroom as well. The covered area for such units ranges from 718 sq. ft. to 900 sq. ft. 

One can find an L-shaped, open kitchen that includes a breakfast counter, cabinets on two walls and a built-in electric oven. Bathrooms have a separate shower area.  

2-Bedroom Apartment in Lake Terrace

2-bedroom flats in Lake Terrace, Dubai have covered areas from 1.200 sq. ft. to 1,250 sq. ft. Some units feature a semi-closed style kitchen while others have one with an open-plan layout. The number of bathrooms ranges from one to three. 

3-Bedroom Apartment in Lake Terrace

3-bedroom units are the largest flats in Lake Terrace, JLT, Dubai. The average covered area is 1,667 sq. ft. and they typically come with either three or four bathrooms. After entering the flat, one will step into the foyer that leads to the living room, kitchen and guest bathroom. The living room is also connected to a separate corridor that leads to the three bedrooms. 

Most Popular Apartment Types in Lake Terrace Tower, JLT, Dubai

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

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

The most popular apartment type in Lake Terrace Tower, Dubai is the studio unit. 1-bedroom apartments rank second in terms of popularity followed by 2-bedroom apartments. 3-bedroom apartments are the least popular apartment types with the lowest number of searches on Bayut.

Rental Trends in Lake Terrace

Lake Terrace is one of the top buildings for renting apartments in JLT. Like other rental flats in JLT, apartments for rent in Lake Terrace are in demand.

  • Studio apartments for rent have prices ranging from AED 50k to AED 55k. 
  • 1-bedroom apartments for rent range from AED 65k to AED 89k.
  • To rent 2-bedroom apartments in Lake Terrace, expect to pay AED 80k to AED 92k per year. 
  • For 3-bedroom flats in Lake Terrace, the annual rents start from AED 115k.

For further options, one can browse JLT apartments for rent.

Sales Trends in Lake Terrace

Those interested in JLT apartments for sale can consider residential flats for sale in Lake Terrace. The sales prices range from AED 595k to AED 1.8M. 

  • The price range for studio apartments is AED 595k to AED 800k.
  • To buy a 1-bedroom flat in Lake Terrace, one needs to pay AED 720k to AED 1.1M. 
  • Buying a 2-bedroom apartment would cost AED 1.3M to AED 1.6M 
  • 3-bedroom apartments in Lake Terrace can be purchased for AED 1.6M to AED 1.8M.

Rental Yield in Lake Terrace

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

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

Residential buildings in Jumeirah Lake Towers, like their commercial counterparts, generally are good investments. As Lake Terrace Tower, Dubai is popular amongst renters, there is a good opportunity for investors to make lucrative gains. High-demand also ensures good rental prices and continuous occupancy.

The apartment type providing the best return through rentals is the 2-bedroom apartment. It offers an average ROI of 7.59%. 1-bedroom apartments also give a similar but slightly lesser return of 7.57%. Studio apartments have an ROI of 7.3% whereas 3-bedroom apartments provide an annual return of 6.8%.

Service Charges in The Lake Terrace

General Fund
Price Per Sq. Ft. in AED
General Fund
Services
General upkeep of the building
Price Per Sq. Ft. in AED
2.04
General Fund
Maintenance
General repairs and replacements
Price Per Sq. Ft. in AED
3.26
General Fund
Utilities Services
Charges for using DEWA/district cooling facilities and meters
Price Per Sq. Ft. in AED
5.49
General Fund
Management Services
Owner’s association charges for managing the property
Price Per Sq. Ft. in AED
1.18
General Fund
Insurance
Charge for the insurance of the building
Price Per Sq. Ft. in AED
0.35
General Fund
Master Community
Fees for communal facilities in the neighbourhood
Price Per Sq. Ft. in AED
2.60
General Fund
Adjustment
The difference between the estimated amount charged the previous year vs the actual amount spent
Price Per Sq. Ft. in AED
-1.31
General Fund
Reserved Fund
Funds used for major repairs and to help maintain the yearly service charges fees
Price Per Sq. Ft. in AED
1.47
General Fund
Income
A credit or debit charge
Price Per Sq. Ft. in AED
-0.34
General Fund
Total
Price Per Sq. Ft. in AED
14.74

These figures are based on the services charges for the Lake Terrace* as per the Dubai Land Department. There are many different types of 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 Terrace

Commuters who rely on public transportation near Lake Terrace, JLT, Dubai can use metro or buses.

METRO STATIONS NEAR LAKE TERRACE

The building is located right opposite DMCC Metro Station The JLT bus line stops near DMCC Metro Station.

Restaurants near Lake Terrace 

Several restaurants on the ground level of Lake Terrace Tower, JLT, Dubai are popular spots for food lovers. These include:

  • Chalco’s Mexican Grill
  • Vietnamese Foodies
  • Truck Adda Restaurant

Offering different cuisines, there is Chalco’s Mexican Grill and Vietnamese Foodies. Lake Terrace also has eateries such as Truck Adda Restaurant and The Desi that serves Pakistani cuisine.

More options in this tower include the award-winning Pitfire Pizza that serves pizzas, pasta and salads as well as Ananda Bhavan Restaurant where one can have vegetarian food. Other restaurants near Lake Terrace include:

  • Zen Restaurant
  • Delhi Darbar
  • Paavo’s Pizza

Red Rose Mart & Coffee is an ideal stop for a quick refreshment. For people on a strict diet, there is a healthy eatery called Kcal Restaurant that serves low-fat food. Other restaurants worth mentioning are Delhi Darbar, Yalla Samosa, Just Salad and Paavo’s Pizza in Indigo Tower. Dining options in Cluster D include Hot Dog, Bait Maryam and Zen Restaurant. Bait Maryam is a Lebanese eatery, located just 1 minute away from this tower. It is one of the best restaurants in JLT.

Supermarkets near Lake Terrace

There are several supermarkets in JLT. Residents can find the following supermarkets near Lake Terrace: 

  • Park n Shop
  • Zoom
  • KP Mart Supermarket
  • Q Mart
  • Sarve Minimart

All of them are 2 to 4 minutes away from the building. Carrefour Market and Spinneys, which are among the most famous supermarket chains in Dubai, are also located at a distance of approximately 5 minutes.

Nearby Buildings

  • Lake City Tower
  • Indigo Tower
  • Global Lake View

All these buildings are located close to Lake Terrace. They offer a wide variety of apartments for rent and sale.

Major Landmarks

Lake Terrace, JLT is located near the Almas East Lake. Besides the Emirates Golf Club located right next to it, other landmarks nearby include: 

Burj Al Arab, one of the most luxurious hotels in the world, is a 15-minute drive away from the building. Al Mahara, one of the nine restaurants in the hotel, is an ideal place to enjoy underwater dining in Dubai.

outside view of burj al arab
Burj Al Arab is the epitome of luxury

Wild Wadi Waterpark is a 14-minute drive from Lake Terrace, Cluster D, JLT. Best rides at Wild Wadi can be enjoyed by all members of the family.

entrance Wild Wadi Waterpark umm suqeim dubai
Wild Wadi Waterpark has something for people of all ages

Mall of the Emirates is a 13-minute drive away from Lake Terrace. This massive mall is home to luxury labels like Christian Louboutin in addition to restaurants, a cinema and the popular indoor ski resort, Ski Dubai.

inside view of mall of emirates, Dubai
MOE is a popular tourist attraction in Al Barsha

Things to Consider

Lake Terrace, JLT is definitely one of the most attractive residential buildings to find a home as all urban amenities are present nearby. Furthermore, the building itself has all excellent facilities that ensure a luxurious lifestyle. The location is ideal for a hassle-free commute. Those relying on public transport would be pleased with their options as well.

Are you looking to buy or rent apartments in Lake Terrace?

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