Lake View Tower, JLT
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
Facilities in Lake View Tower, JLT
The community follows Road and Transport Authority’s (RTA) short-term parking system for visitors. For residents, there are three levels of underground parking in Lake View Tower, JLT. However, some of the apartments in Lake View Tower do not include a parking spot in their rental offer.
There are four high-speed elevators in Lake View Tower, JLT. Some of the properties, such as penthouses, are given private access to elevators that serve no other apartment.
Security, Central Air-Conditioning and Maintenance Services
The entire community of Jumeirah Lake Towers is equipped with full security. There is efficient security personnel and CCTV cameras are installed for the security of the residents. Every apartment and facility has back-up electricity system as well as gas, air-conditioning and heating supply.
Gym and Fitness Facilities
Lake View Tower, JLT has two upscale fitness facilities; one for ladies and the other for gents. Residents can also consider a few other options outside of Lake View Tower, such as Arya Yoga in The Dome Tower (Cluster N) and Fidelity Fitness Club in Almas Tower. They can also join one of the outdoor community activities that mostly happen in the central park of JLT.
Looking after the well-being of its residents, Lake View Tower, JLT offers luxurious health-centred amenities such as sauna, steam room and Jacuzzi. The podium level in Lake View Tower includes a large swimming pool that comes along with a pool for kids separated by a fence. There are beach chairs placed around the swimming pool and have comfortable mattresses laid over each of them.
Parents living in Lake View Tower, JLT have a lot of places near their building for their children’s entertainment and education. There is Tiny Town Play Lounge in Jumeirah Lake Towers Park. An educational facility for preschoolers called BabyHome Nursery is located in Lake Point Tower in Cluster N. Great for older kids, there is an amusement centre called NoWayOut Escape Room in Cluster M.
Concierge and Guest Services
Apartments in Lake View Tower, JLT are facilitated with b. There is also a maintenance staff that is always available.
Apartment Types in Lake View Tower
Lake View Tower, JLT has one to two bedrooms as well as self-contained studios and expansive penthouses. All of these units are equipped with modern facilities and private balconies.
Studio Apartments in Lake View Tower
The most frequently available sizes of Lake View Tower, JLT, Dubai studios range between 415 sq. ft. and 510 sq. ft. These units include one bathroom and a kitchenette that is close to the entrance. The bathrooms in Lake View Tower studios are well-furnished with all the necessary accessories. There is also a storage space under the vanity counter and a wall-mounted long shelf where toiletries are kept. Bathrooms also include a tub with a detachable shower head. The kitchen space features wooden cabinetry attached to one side and it includes space for a washing machine and a refrigerator. Cooking option in Lake View Tower studio includes a built-in electric cooktop with a hood over it.
1-Bedroom Apartments in Lake View Tower
One-bedroom apartments in Lake View Tower, JLT, Dubai come in the sizes range from 820 sq. ft. to 1,430 sq. ft. They are usually available with two bathrooms but some of them may include just one bathroom. Few of the one-bedroom flats in Lake View Tower are furnished and may include two balconies that offer views of the lake and the entire community.
2-Bedroom Apartments in Lake View Tower
2-bedroom apartments in Lake View Tower, JLT, Dubai are typically available with three bathrooms and come with floor areas ranging between 1,369 sq. ft. and 1,586 sq. ft. These properties feature large balconies and well-appointed spaces for bedrooms, bathrooms, living rooms and kitchens.
Penthouses in Lake View Tower
The largest property type in Lake View Tower, JLT, Dubai is a penthouse, which is available with a living space of around 4,467 sq. ft. One of the penthouses in Lake View Tower has a total living area of 2,736 sq. ft. and the balcony occupies the rest (1,731 sq. ft.) of the area. Penthouses are offered two parking spaces and an exclusive elevator for private access into the property.
Most Popular Apartment Types in Lake View Tower, JLT, Dubai
Based on searches conducted by users on Bayut.com over the past 6 months
As per the data collected from Bayut, studio apartments are the most popular property type in Lake View Tower, JLT. This is followed by one-bed flats, which have left behind larger units by a significant margin. Two-bed and three-bed apartments stand at third and fourth position in the list of popular bed types.
Rental Trends in Lake View Tower
The rental apartments in Lake View Tower are popular for their affordable rates. This is a huge advantage for residents who want to adopt an urban lifestyle in a prominent community without hefty rental expenses.
- Studio units for rent come with yearly rentals that range between AED 36k to AED 50k
- One-bedroom apartments for rent in Lake View Tower come for a price that ranges between AED 55k and AED 90k
- The rent of two-bedroom flats in Lake View Tower starts from AED 85k and goes up to AED 105k per annum
The annual lease in Lake View Tower is a bit pricey as compare to other rental apartments in Jumeirah Lake Tower.
Sale Trends in Lake View Tower
When it comes to investing in real estate in Dubai, most look for a property that has been developed by a well-reputed developer. This is also one of the factors that contribute to higher ROI. The fact that the name of Damac Properties is attached with this tower has attracted many investors into buying an apartment in Lake View Tower.
- The sale price for studios in Lake View Tower starts from around AED 445k and goes up to AED 600k
- Investors can buy one-bedroom apartments in a price range of AED 740k and AED 1.8M
- Two-bedroom apartments in Lake View Tower can be purchased for a price between AED 1.4M and AED 1.6M
Consider comapring these prices with other apartment for sale in JLT.
Rental Yield in Lake View Tower
Based on searches conducted by users on Bayut.com over the past 6 months
The ROI of most of the properties such as studios, one-beds and two-bed flats is above 7%. Ranking number one are studio apartments with an expected ROI of 8.6%. The 1-bed units stand at second position with 7.4%, whereas two-bedroom flats round up the list at an ROI of 7.3%.
Service Charges in Lake View Tower
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.
Transportation near Lake View Tower
Those who have their own transport can access the busy arterial route Sheikh Zayed Road (E11) in about nine minutes. They can do so by taking Al Sarayat Street that connects with First Al Khail Street and eventually leads to the thoroughfare E11.
Bus Station Near Lake View Tower
Bus stops near Lake View Tower, Dubai include the one at DMCC Metro on Al Sarayat Street and the other at JLT Business Centre. Both bus stops are accessible in five minutes on foot. Integrated with the fare system of RTA (Road and Transportation Authority), the bus service operates every 20 minutes on the JLT route from the aforementioned stations.
Metro Station Near Lake View Tower
Options for public transportation in Lake View Tower are quite convenient as the building is a short distance from two metro stations: DMCC metro station that offers Red Line service is the nearest, while JLT Metro Station that is next to Dubai Marina on Sheikh Zayed Road is another metro station near Lake View Tower.
Restaurants near Lake View Tower
This building is surrounded by the best restaurants in JLT. Some of the options near Lake View Tower are:
- Yin & Yang Restaurant
- Casa Da Venice
- Antalya Restaurant
One of the benefits of living in Lake View Tower is that residents get to enjoy different cuisines. Two eateries in the tower include Yin & Yang Restaurant that offers Chinese food and Kaek Kaeeek that features Lebanese cuisine. Near the roundabout in Cluster B, the dining options include 800 Thali that serves a variety of Indian dishes, Wok Inn for East-Asian food and the self-descriptive Pushkin Russian Restaurant.
Residents can find the following licensed options nearby:
- Couqley French Bistro and Bar
- Urban Bar & Kitchen
- McGettigan's JLT
Close to Cluster B, residents can choose from a range of dining places in Cluster C such as Casa Da Venice, Wolf & Friends Lounge and Sumo Sushi & Bento. On the other side of Lake View Tower, eateries such as Nosh Restaurant, Urban Bar & Kitchen and Couqley French Bistro and Bar are present in Cluster A.
Supermarkets near Lake View Tower
The supermarkets near Lake View Tower include:
- Green Bean Store
Green Bean Store is conveniently located at the foot of the tower. Carrefour is located a minute's drive away in The Palladium of Cluster C, while Spinneys can be found in Cluster J and is accessible in 4 minutes by car. Residents of Lake View Tower are also offered medical facilities within the community.
These are the few notable attractions near Lake View Tower:
- Almas West Lake
- Jumeirah Lakes Towers Park
- Dubai Marina Mall
Alma West Lake surrounds the tower from the south. Also a part of the master community, Jumeirah Lake Towers Park is located towards the east and accessible after a seven-minute drive. However, the nearest major landmark is undoubtedly the 68-storey Almas Tower, which is also the central highlight of Jumeirah Lake Towers.
THINGS TO CONSIDER
Navigating through the community can be slightly confusing for first-time visitors. For instance, if one misses the turn that leads to Lake View Tower, they will have to travel all the way around Jumeirah Lake Towers to access that cut. There are no streets that internally link the clusters within the community. So if Lake View Tower residents want to visit the adjacent Cluster C, they will have to take the main roads Al Sarayat Street and First Al Khail Street and then drive on Road no. 3 of JLT.