About Jumeirah Lake Towers
Jumeirah Lake Towers (JLT) is a lively community located by the Gulf Coast, offering a great mix of places to live, work, and have fun. It features 87 tall buildings with apartments, offices, and stores, all surrounding three beautiful lakes and a big park covering 55,000 square meters (590,000 square feet).
The peaceful lakes and well-kept green areas cover a total of 730,000 square meters (7,900,000 square feet). About 80 towers are near the lakes, while 7 towers offer amazing views of Palm Jumeirah. These buildings range from 35 to 45 meters tall.
At the heart of JLT stands Almas Tower, which has an impressive 66 floors. Building work started in 2006, and by 2011, most of it was done. Although construction slowed down later, the developer DMCC recently announced plans for Burj 2020, aiming to create the world's tallest commercial tower. This ensures that JLT will keep growing and thriving.
Jumeirah Lake Towers (JLT) has 26 clusters, each with its own facilities like shops, hotels, and places to eat. More than 35,000 people live here, and the community is growing fast.
Located near Sheikh Zayed Road, JLT is easy to get to from other parts of Dubai. You can drive to Jumeirah Beach in just 10 minutes. There are also metro stations and bus stops nearby, like DMCC and Sobha Realty.
Many clusters have schools for young kids, and bigger schools are just a short drive away. Across from JLT is Knowledge Park, where you can find international university campuses. There are also medical centers like Armada and Optimum Diagnostic Clinic nearby.
Economic Attractiveness
Jumeirah Lake Towers (JLT) is a popular place for investing in real estate in Dubai because many people want to live and work here. It's a great area with everything you need nearby.
The Dubai government has made it easy for businesses to start in JLT, so many companies are attracted to the area. It's a free zone, which means businesses have fewer rules and can be owned by foreigners.
Investing in apartments in JLT can make you money, with an average return of 7.4% per year. Studios and one-bedroom apartments usually bring in the most money. Even though property prices are lower here compared to downtown or beach areas, you can still make good money by renting out your apartment. On average, you can earn AED 52,000 (USD 14,158) per year from renting out a one-bedroom apartment.
In JLT, there are different types of homes available, from small studios to big apartments with up to six bedrooms, and even fancy penthouses with three or four bedrooms.
Popular Projects
Popular projects in Jumeirah Lake Towers include:
- Icon Tower – a complex of towers with apartments for sale and rent. Two-bedroom apartments with living areas of 121 sq. m (1,306 sq. ft) cost from AED 800,000 (USD 217,802).
- Goldcrest Views is a condominium complex with a developed infrastructure and lovely views of the lake. Prices for a one-bedroom apartment start from AED 1,000,000 (USD 272,253) and the rental cost for the same type of unit is approximately AED 63,000 (USD 17,152) a year.
- Lake View Tower is an apartment complex with a swimming pool, sauna, barbecue area and children’s playgrounds. A one-bedroom apartment with an area of 79 sq. m (854 sq. ft) sells for AED 800,000 (USD 217,802). The rental price for a similar property is AED 52,000 (USD 14,158) per year.
- Saba Tower is a complex with futuristic architecture. Here you can rent studios and apartments with 1, 2 or 3 bedrooms. The average size of studio apartments is 50 sq. m (538 sq. ft).
Attractions
Jumeirah Lake Towers is a vibrant area with lots to see and do. You can enjoy festivals, movie nights, and art exhibitions held regularly in the community.
Some popular spots in JLT include:
- Three beautiful lakes and JLT Park, where you can join yoga classes and play sports. Fun fact: the park used to be a fourth lake!
- Almas Tower, the tallest building here, which houses Dubai's gold and diamond vaults, a diamond and pearl exchange, and a top-notch conference center.
- The 7 km long promenade along the lakes, where you'll find plenty of entertainment options, restaurants, cafes, and spots for kids to play and sports to enjoy.
Contact Us
Kingdom Capital Real Estate
admin@thekingdom.ae
800 MyKingdom
Office 513, AB centre, sheikh Zayed road, Dubai, UAE
