Jumeirah Lake Towers – or JLT, as it is known, is one of the most popular areas for buying apartments in Dubai. Bayut’s market trends report shows that JLT often comes second or third in terms of popularity and user interest in purchasing Dubai apartments – just below other sought-after localities, such as Dubai Marina and Downtown Dubai. Why is that? Because owning a property in JLT guarantees you a very comfortable life. And even if you are looking to dive into the emirate’s buying sector for the rental returns, JLT is a good area to invest in. Jumeirah Lake Towers is the embodiment of affordable luxury living and is, as such, tempting on both fronts.
Accessibility and Commute Times to/from Jumeirah Lake Towers (JLT) - JLT is one of the most popular areas for buying apartments in the thriving New Dubai for a reason. It is conveniently located across the street from the very happening Dubai Marina, as well as next to the central Sheikh Zayed Road. It also has not one but two metro stations that service it (Jumeirah Lake Towers and Damac Properties). Furthermore, JLT is nearby popular business hubs such as Media City and Internet City (10 minutes by car). Even Downtown Dubai and Business Bay are relatively nearby (20-minutes away) for those who buy property in JLT. One advantage that Jumeirah Lake Towers has compared to some of these areas is having considerably less traffic congestion. Hence, you and your family/employees will be much happier on the commute in JLT than you would be in the aforementioned Marina, during rush hours. Investing in an apartment, an office or a shop in this well-positioned community will only reap benefits for the next few decades.
Apartments in Jumeirah Lake Towers (JLT) - There are approximately 80 buildings in JLT divided into 26 clusters named after the letters of the alphabet (‘A’ being on Jebel Ali’s Side and ‘Z’ on Rashadiya’s). Each cluster has its own unique style and almost every building has a different look and layout (the buildings were erected by different developers). Therefore, you can expect a wide range of finishes and prices in JLT for your budget. The buildings are mostly mixed-use and offer offices and shops of all sizes. Likewise, apartments for buying in JLT include studios, 1 bedroom, 2-bedroom, 3 beds, 4 beds and even 5 and 6 bedroom apartments.
Potential for Return on Investment in Jumeirah Lake Towers (JLT) - JLT is very often on of top most profitable communities in terms of rental yields as well. The average rental returns for landlords currently stands at a strong 7.5% per annum, although studios have been known to reach as high as 10 percent in return on investment. Furthermore, rents in JLT are far lower than in other hugely popular areas like Downtown Dubai and Dubai Marina making the flats here much easier to sublet.
Lifestyle and Community in Jumeirah Lake Towers (JLT) - If you’re looking to buy a flat in JLT for your family, Jumeirah Lake Towers has plenty of footpaths, water features, kid’s play areas and eateries lining the three beautiful man-made lakes that the area is famous for. There are also gyms, pools and spas in the building themselves, as well as yoga centres and other sports facilities in the neighbourhood. The area is always buzzing with fitness-conscious expats mostly Westerners. Since Jumeirah Lake Towers has a good presence in the job market and is well-connected to other business hubs of Dubai, it is easy to rent out units bought here. Studios in JLT are especially tempting to young working professionals. Therefore, JLT is ideal for acquiring a buy-to-let apartment as well.