- Jumeirah Lake Towers (JLT)
Near Jumeirah Lake Towers (JLT)
Buying an Apartment in Jumeirah Lake Tower (JLT)
Jumeirah Lake Towers is a huge development along Sheikh Zayed Road in Dubai. It comprises of a number of high-rise freehold residential towers, hotel and hotel serviced apartments, office buildings as well as around hundreds of retail shops situated at the foot of almost every building. It is one of the most attractive real estate locations for investors in Dubai. The properties in Jumeirah Lake Towers are almost an embodiment of affordable luxury. Offering a tempting living style surrounded by modern facilities, Jumeirah Lake Towers have a varied range of apartments for sale.
Types of Apartments in Jumeirah Lake Towers (JLT)
The master-planned development of JLT consists of approximately 80 buildings in 26 clusters. The apartments in this mixed community come in studios, 1, 2, 3, 4 and 5-bedrooms. Offering a wide range of prices and finishes, the 4-bedroom apartments in Jumeirah Lake Towers are ideal for a family. Each cluster comes in its own unique style and almost all the buildings have a different layout and look as they are created by different developers. All the JLT towers come in a minimum of 35 storeys with the tallest building being the Almas Tower which has 90 storeys.
Sale Price Trends for Apartments in Jumeirah Lake Towers (JLT)
Some of the most popular buildings in Jumeirah Lake Towers are Lake Terrace, Lake View, Concord Tower, Saba Towers, Lake Shore, Gold Crest 2 and Lake Point. Generally considered to offer more value for money than Dubai Marina, the apartments here can be purchased at a price that starts from AED 365,000 to AED 6,100,000. 3-bedroom Jumeirah Lake Towers apartments are popular among investors looking for ready properties in JLT with a fairly strong rental yield.
Lifestyle in Jumeirah Lake Towers (JLT)
If you are looking to buy a flat in JLT, there are plenty of facilities and amenities on offer for you and your family. Lining the three beautiful man-made lakes that the property is named for, Jumeirah Lake Towers offer its residents a number of water features, kids’ play areas, and eateries. Inside the buildings, there are also spas, pools, and gyms available along with yoga centers and various other sports facilities in the neighbourhood. A significant reason for JLT being one of the most popular regions to buy a property in Dubai is the convenient location. Lying next to the central Sheikh Zayed Road JLT is just across the street from the very hub of the city, Dubai Marina.
Reasons for Investing in Jumeirah Lake Towers (JLT)
It is quite easy to rent out the units in JLT as the property is well-connected to other business hubs of Dubai, making it one of the most profitable properties in terms of rental yields. Studios in Jumeirah Lake Towers are especially popular among the young working professionals, which makes them a confident investment choice. Moreover, the rents in JLT is comparatively much lower than other widely popular regions such as Dubai Marina and Downtown Dubai which also makes it easier to sublet the flats here.