Jumeirah Lakes Towers (JLT) is easily one of the most popular areas for singles, couples and young families. Scenic lakes, a gorgeous park, more amenities than you can count and some of the city’s coolest and quirkiest bars and restaurants make JLT a neighbourhood that is not about to lose steam anytime soon.
Compared to other popular areas of the city, JLT has several affordable houses that hold considerable appeal for first-time investors and those looking to expand their portfolio – without an eye-watering price tag.
So, here are Bayut’s picks of JLT apartments for sale – all for under AED 1 Million:
1. Luxurious one bed in goldcrest views 2 for AED 950,000
Listed by Everest Homes, this one bedroom apartment* enjoys gorgeous lake views, floor to ceiling windows, double glazed windows (so don’t worry about soaring air conditioning costs). Residents also have their very own swimming pool, state of the art gym, sauna, jacuzzi…and easy access to a whole host of shops and dining outlets.
Why Buy here?
Apart from a fantastic location (5 minutes to the Dubai Marina and under 20 to Downtown Dubai), Goldcrest Views 2 is an excellent opportunity for investors to purchase property in an established and well-known neighbourhood. The continuing popularity of JLT also means that leasing out or reselling your flat should be easy.
2. Stylish, upgraded apartment in New Dubai Gate 1 for AED 800,000
If you’re looking for a property that you can immediately move into or lease, this furnished one bedroom apartment*, listed by Elite Realty Real Estate Broker, would be perfect. The light, cosy flat has been fully upgraded while the building, New Dubai Gate 1 has its own swimming pool and fully kitted out gym. Located in Cluster Q, residents don’t have to walk more than a minute or two for the supermarket and several other amenities.
why buy here?
According to searches conducted on Bayut.com, New Dubai Gate 1 is the most popular residential tower in JLT, meaning that renting it out is sure to be straightforward. The building is also just 10 minutes from the metro station and therefore a sought-after property by buyers and renters alike.
3. bright and fully furnished studio in armada tower for aed 700,000
This spacious studio* (listed by Trimeta Real Estate) is in the well-known Armada Tower comes completely furnished with everything a tenant could need, including white goods. The building in Cluster P also has a private gym, residents-only swimming pool and is next door to the Armada BlueBay hotel, home to popular Dubai restaurants Mythos and Nola. But there are several more unlicensed options (not to mention supermarkets and pharmacies) within a few minutes’ walk.
why buy here?
Armada Tower is known for its bright apartments and high-quality finishes – music to any investor’s ears! Once again, the sheer location and fact that JLT is a famous, established community make this studio a sound investment.
4. affordable off-plan luxury at iGO 101 for aed 961,086
A brand new building, iGO 101 scheduled for handover in Q4 2019 is located in Cluster K. Also featuring two and three bedroom units, you can purchase a spacious one bedroom flat* for under AED 1M. Listed by OBG, this apartment is not only elegant but comes with marble floors and access to a fully kitted out gym, steam room and more.
why buy here?
Developed by MAG Property Development, iGO 101 is set to enjoy a comfortable ROI thanks to its quality and convenient location to all of the city’s business and leisure hotspots. The payment plan is also attractive, with 50% due only on handover in Q4.
*NOTE: If any of links to listings do not work, it’s probably been sold by now. However, view more apartments by clicking here and adjusting the filters to show only apartments under AED 1M.
Each of JLT’s 26 clusters has just three high-rise towers and access to the scenic lakeside promenade. It’s a wonderful area to enjoy an evening stroll after work, grab a bite to eat from one of the several quirky cafes covering all manner of cuisines or to just…relax. Yet, it’s also close to all the action, with several community events throughout the year and minutes away from the Dubai Marina. The neighbourhood also has two metro stations that service it, within walking distance from several of the towers.
To browse more apartments in JLT, for rent and sale, visit Bayut.