Properties for rent in The Lakes

With Expo 2020 fast approaching, the Dubai real estate market is experiencing a boom since everybody wants to get hold of properties in Dubai and avail all the investment opportunities. There aren’t many options for expats in Dubai in terms of owning properties since there are only 23 neighbourhoods in the city that are considered as a freehold property area and that is also one of the reasons why many expats go towards rental homes. The Lakes properties are part of one of Dubai’s freehold areas: Emirates Living by Emaar Properties.

Types of Properties in The Lakes

Essentially, The Lakes is distributed into sub-areas that offer detached villas and townhouses of various sizes and bedrooms. The plot sizes of properties in the Lakes are quite generous because the community is relatively less dense than other developments in Dubai. The typical number of bedrooms offered in rental villas of The Lakes range between 2 to 7 with 3, 4, 5 and 6-bedroom units being more common and in demand. The average range for the sizes of the villas starts at around 2,100 sq. ft. and increases to approximately 7,544 sq. ft. The typical floor specification for a unit in The Lakes consists of a large living area that opens into a dining area and provides access to a back garden. A modernly designed kitchen that is spacious and is fully-fitted, a guest bathroom, a storeroom and a laundry room are all found on the ground floor. 

Rent Price Trend for Properties in The Lakes

Some of the sub-communities of the Lakes have variations in terms of rental trends. Consider a villa situated in Forat. A 3-bedroom unit that has a private garden, a study and a maid’s room costs almost 3% less than the average property of the same type in other sub-communities in The Lakes. The rent evolution trend for this particular property indicates a fall of almost 7.79% making the average AED/year value 185,000 as of October 2018. An overall data evaluation shows that the average general renting range for a 3-bedroom villa is between AED 165,000/yearly and AED 250,000/yearly and for 4-bedroom villas, the range is between AED 180,000/year and AED 400,000/year. Subsequently, the yearly rental range for a 5-bedroom unit starts at AED 225,000 and increases up to AED 650,000 while for 6-bedrooms the variation is between AED 380,000/year and AED 550,000/year. 

Popular Areas of The Lakes

The most popular place in the community is The Lakes Club which offers a numerous collection of recreational, dining and sports facilities. Another spot that is more likely to be popular among the ladies is Nail Spa that is located near The Lakes Club. To encourage a healthy lifestyle, the community offers shared gyms as well as a community centre, Fitness First Emirates Living. The Lakes is all about the view of the water and the greenery. One will also find various sports courts and areas such as Lakes Football Pitch, Lakes Community Courts and Ghadeer Venue 1 which elevates the fun of having physical activities. 

Reasons for Renting in The Lakes 

If your priority is a sustainable environment in which nature is a priority then The Lakes is one of the best places to rent houses in. There are a variety of facilities present in the community, which include 10 outdoor children playing areas, up to 9 BBQ areas, 4 lakes, 9 mini basketball courts and 9 adult community swimming pools along with separate pools for children. Apart from in-community advantages, The Lakes offers other perks, such as being close to the metro-station, and only 30 minutes away from the Dubai International Airport.