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.

• 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

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.

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.

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.