ReadyLake View Tower, JLT
HIGHLIGHTS
About Lake View Tower, JLT
Approximately one kilometre away from Dubai’s coastline, Jumeirah Lake Towers (JLT) is an expansive development built over a hundred hectares of land. Spread along Sheikh Zayed Road, it faces Dubai Marina which is another large development in the city. There are many popular buildings to buy and rent in Jumeirah Lake Towers, making it an in-demand community in Dubai.
According to the H1 2019 report by Bayut for apartments in Dubai, JLT ranked sixth in terms of sale purposes and stood second for the highest ROI. One of the tallest buildings in this community is Lake View Tower. It was launched in 2005 by Damac Properties and was completed by 2009.
Along with two other buildings, such as The Wind Tower 1 and The Wind Tower 2, the Lake View Tower lies in Cluster B which is present in the southwestern corner of JLT, facing the Lake Almas West. Lake View Tower stands at a height of 481 feet (146.5 metres). This skyscraper has 40 floors above ground and includes three basement levels. It boasts over 400 units that range from studios to one and two-bedroom flats and luxurious penthouses. Each of the properties in Lake View Tower has access to a superb selection of retail and recreational amenities.
IN A NUTSHELL
- A development project of Damac Properties
- Lies in Cluster B
- Next to Lake Almas West
- 481 feet tall and has 40 floors above ground
- Three basement levels for parking
- Known for affordable rents
- Each floor has 10 residential units
- Units comprise studios, one-bed and two-bed flats as well as penthouses
- Four high-speed elevators
- DMCC Metro Station is a four-minute walk away
- JLT Metro Station is a ten-minute walk away
- Close to Sheikh Zayed Road
- Facing Dubai Marina – an affluent community
BUILDING DETAILS
Facilities in Lake View Tower, JLT
| Facility/service | Availability |
|---|---|
| Parking | ✔️ |
| Elevators | ✔️ |
| Security Services | ✔️ |
| Central Air Conditioning | ✔️ |
| Maintenance Services | ✔️ |
| Event Space | ❌ |
| Gym and Fitness Facilities | ✔️ |
| Swimming Pool | ✔️ |
| Gardens | ❌ |
| Children's Play Areas | ❌ |
| Sauna | ✔️ |
| Jacuzzi | ✔️ |
| Sports Courts | ❌ |
| Barbecue Area | ❌ |
| Concierge and Guest Services | ✔️ |
| Pet-Friendly | ✔️ |
Apartment Types in Lake View Tower
| Unit Type | Number of Bathrooms | Apartment Size (Square Feet) | Details |
|---|---|---|---|
|
Unit Type Studio |
Number of Bathrooms 1 |
Apartment Size (Square Feet) 415 - 510 |
Details Living Area, Kitchen, Bathroom |
|
Unit Type 1-BEDROOM |
Number of Bathrooms 1-2 |
Apartment Size (Square Feet) 820 - 1,430 |
Details One Bedroom, One to Two Bathrooms, Living/Dining Area, One or Two Balconies, Kitchen |
|
Unit Type 2-BEDROOM |
Number of Bathrooms 3 |
Apartment Size (Square Feet) 1,369 - 1,586 |
Details Two Bedrooms, Three Bathrooms, Living/Dining Area, Kitchen, Balcony |
|
Unit Type 3-BEDROOM PENTHOUSES |
Number of Bathrooms 4 |
Apartment Size (Square Feet) 3,500 - 4,393 |
Details Three Bedrooms, Four Bathrooms, Study Room, Kitchen, Balcony, Living/Dining Area, Two Parking Spaces |
Most Popular Apartment Types in Lake View Tower, JLT, Dubai
According to Bayut, studio apartments in Lake View Tower enjoy the highest popularity. They are followed by 1-bed apartments in the second spot. 2-bedroom flats take up the third position on the list.
Rental Trends in Lake View Tower
Those looking to rent apartments in Lake View Tower can expect these price trends.
- Studio apartments for rent in Lake View Tower are priced from AED 53k to AED 70k.
- 1-bedroom apartments for rent in Lake View Tower are priced from AED 68k to AED 110k.
- 2-bedroom apartments for rent in Lake View Tower are priced from AED 100k to AED 150k.
For more options, one can browse apartments for rent in Jumeirah Lake Towers (JLT).
Sale Trends in Lake View Tower
Apartments for sale in Lake View Tower have the following pricing details.
- Studio apartments for sale in Lake View Tower are priced from AED 590k to AED 800k.
- 1-bedroom apartments for sale in Lake View Tower are priced from AED 855k to AED 2M.
- 2-bedroom apartments for sale in Lake View Tower are priced from AED 1M to AED 3M.
There are various other apartments for sale in Jumeirah Lake Towers (JLT) with different features and price tags.
Rental Yield in Lake View Tower
Studio apartments offer the highest ROI in Lake View Tower of 8.28%. 1-bed apartments generate about 7.33% return on investment. 2-bedroom flats offer an ROI of about 6.95%.
Service Charges in Lake View Tower
| General Fund | Rate (AED/Sq.ft) |
|---|---|
| Services | 2.23 |
| Maintenance | 3.74 |
| Utilities Services | 4.38 |
| Management Services | 1.04 |
| Insurance | 0.32 |
| Master Community | 2.5 |
| Total | 14.21 |
| Reserved Fund | Rate (AED/Sq.ft) |
|---|---|
| Reserved Fund | 1.16 |
| Total | 15.37 |
| Adjustments | Rate (AED/Sq.ft) |
|---|---|
| Adjustments | -2.69 |
| Total | -2.69 |
These figures are based on the services charges for Lake View Tower, Dubai as per the Dubai Land Department. There are many different types of service charges in Dubai, read up on the service charges guide if you are interested in buying a property in Dubai.
*These figures are as of November 2019. Please note that these service charges are subject to change.
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