Jumeirah Lake Towers in Dubai

Кристина
Christina
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17 Jul 2023
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article
17 Jul 2023
304 views
In this article

Dubai has emerged as a prominent hub for both business and tourism, drawing in a large number of individuals who are enticed by the city's security, strong economy, enjoyable climate, and pristine beaches. This article focuses on the Jumeirah Lake Towers district, a renowned business center distinguished by its lakes, park, and contemporary skyscrapers.

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District overview

Jumeirah Lakes Towers is a highly sought-after residential district characterized by the presence of four lakes, with one of them being later replaced by a spacious landscaped park spanning an impressive area of 55,000 m2. This location offers an ideal blend of the bustling business environment found in modern high-rise buildings and the serene ambiance of strolling areas nestled among picturesque ponds enveloped by lush greenery. Over 35,000 individuals have chosen to make this area their permanent home, embracing a comfortable lifestyle in close proximity to Dubai's main attractions.

Prominent features  

  • JLT District is a significant business hub within the city, boasting more than 40 business centers and serving as the headquarters for major commodity company DTC, as well as the Dubai diamond and pearl exchanges.
  • Jumeirah Lakes Towers Park spans an impressive 55,000 m2. 
  • The area is characterized by three lakes.
  • Proximity to Dubai Marina Beaches.

On Dubai’s map

Developers and district maintenance

JLT is primarily developed and maintained by DMCC, which focuses on enhancing and upkeeping the area through various initiatives, including:

  • Strengthening of lakes.
  • Water quality control. 
  • Planting of new palm trees.
  • Scooter stations.
  • Maintenance of children's playgrounds.
  • Improvement of public transport stops and metro stations.

Resident experience and lifestyle  

Residents express positive sentiments about JLT, appreciating its well-designed transport system, proximity to the bay, and well-developed shopping and entertainment infrastructure. Families with children are particularly drawn to the district due to the presence of a large park with lakes and a wide array of child-friendly venues. The area's connectivity to the rest of Dubai, including easy access to major roads like Sheikh Zayed Road, Dubai-Abu Dhabi Highway, and Dubai-Sharjah Highway, further contributes to its popularity.

Advantages of the district  

Recreation  

Jumeirah Lakes Towers attracts many tourists who seek a comfortable vacation experience. The area offers photogenic backgrounds of mirrored towers amidst greenery and lakes, easy accessibility to Dubai's main attractions, proximity to Dubai Marina Mall and pristine beaches, and a diverse range of accommodations, from budget to luxury. Visitors can enjoy a wide variety of entertainment options and stunning views of the lakes, golf course, and the Persian Gulf.

Residential living  

JLT is a fully developed district with a well-established urban infrastructure. Construction activities are infrequent, ensuring a peaceful living environment. The presence of ample green spaces, a variety of dining establishments, and a range of shops catering to different tastes make this location highly desirable. Additionally, real estate prices for rentals and purchases are generally lower than those in the neighboring Dubai Marina district, and the latter is within walking distance, taking only 10-15 minutes.

Business opportunities  

Jumeirah Lakes Towers serves as a bustling business hub within the city, offering a wide range of commercial spaces suitable for various purposes, including offices and shops. Despite its prominence, the cost of renting commercial real estate in this area is comparatively lower compared to Business Bay and Downtown Dubai.

The district attracts a diverse range of businesses, including large IT companies and startups like Dukkantek and True Leaf Tech, which are actively involved in software development. Other notable entities present in JLT include the Vitality business accelerator, AstroLabs, Pointr coworking, logistics and consulting enterprises, and various other projects. Among the sought-after locations within the area are the Jumeirah Business Center, ONE JLT, and Star Business Center.

Investment potential and economic appeal  

For those contemplating real estate investment in Dubai, the Jumeirah Lakes Towers district presents a highly favorable opportunity. Renowned for its popularity among tourists and expatriates alike, the area offers various options for renting apartments on a daily or long-term basis, as well as non-commercial premises that mitigate concerns about property vacancy. Opting for long-term apartment rentals in this district can yield approximately 6% annual returns on investment.

Jumeirah Lakes Towers infrastructure  

Trade infrastructure  

Dubai Marina Mall, located in the neighboring Dubai Marina district, serves as the primary shopping center for the Jumeirah Lakes Towers area. It is conveniently accessible by foot within an average of 15-20 minutes or by car within a few minutes. Local shops and small shopping centers like Manicur and EAKS Global offer options for purchasing groceries and essential items.

Cafes and restaurants  

Residents of Jumeirah Lakes Towers enjoy a wide range of gastronomic establishments, catering to various cuisines and budgets. Whether you seek an evening at a sports bar with friends or a dining experience with breathtaking city views, you'll find an establishment to suit your preferences.

Notable establishments:

Urban Bar & Kitchen — UBK

The gastropub offers an extensive selection of drinks and dishes from around the world. Enjoy a game of billiards, live music, or PlayStation sessions with friends in one of the private booths.

Shamiana

A popular restaurant located within the eponymous hotel, specializing in authentic Indian cuisine. The menu caters to vegetarians and includes gluten-free options.

Couqley French Bistro & Bar

A premium French bar-bistro where you can savor delicacies like escargot snails, foie gras, and the traditional dessert known as «lost bread».

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Urban Bar & Kitchen Source: tripadvisor.com

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Medicine

Jumeirah Lakes Towers offers a diverse range of medical facilities and specialists catering to various profiles. These include multifunctional medical centers, dental clinics, and reproductive medicine clinics. The hospitals in the area have earned good ratings and employ renowned doctors.

Aster Clinic

With a history of more than 30 years, this multifunctional clinic provides services in cardiology, endocrinology, dermatology, gastroenterology, neurology, orthopedics, nephrology, and dentistry.

Conceive Gynaecology and Fertility Hospital

Specializing in gynecology and reproductive medicine, the clinic focuses on infertility treatment. In addition to advanced technologies, the doctors also offer assistance in stress management and improving fertility through diet, physical activity, and lifestyle changes.

Health Call Medical and Aesthetic Center

The center specializes in aesthetic medicine, offering procedures for facial rejuvenation, bite correction, veneer installations, as well as vitamin and detox therapy complexes.

Sport  

Many residential complexes in JLT feature their own fitness rooms and swimming pools. However, for a more personalized approach, there are numerous sports centers in the area that offer group or individual workouts.

Notable sports facilities:

Fidelity Fitness Club

A premium fitness club equipped with modern facilities, a cycle studio, and a 23-meter outdoor pool.

Real Pilates JLT

A pilates studio where you can opt for personal workouts or request a trainer to come to your home. The cost of a 5-class group package starts from $99.

Radiance of Yoga

The yoga studio offers various styles of yoga classes, including separate sessions for pregnant women and a teacher training program. The cost of a 5-class package is $144.

Park and lakes  

The main attractions of the Jumeirah Lakes Towers area are Jumeirah Lakes Towers Park, Almas West, Almas East, and JLT Lakes. These locations provide walking areas, bike trails, jogging paths, and scooter stations for recreational activities. The park spans over 5.5 hectares and features emerald meadows, shaded walkways, and playgrounds for leisure activities with children. While exploring the area, you will come across numerous cafes and restaurants with outdoor terraces, allowing you to enjoy the serene views of green lawns and calm lakes.

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Almas West lake, source: booking.com

Schools and family infrastructure

Within the Jumeirah Lakes Towers area, there are no secondary schools available. However, the neighboring Dubai Marina district houses several secondary schools. Despite this, approximately 10 private kindergartens are present in JLT, including Mosaic Nursery, which focuses on creative child development, as well as institutions such as Rainbow Valley Nursery and Oakfield Early Learning Center that offer early development programs following the British EYFS curriculum.

For young athletes, Fit Boys Gym Boxing School provides training, while those inclined towards creativity may find programs at Solo Music Institute music school or courses at SCAFA culinary school suitable for their children.

Transport accessibility  

JLT benefits from a well-developed public transport system. The area is served by the DMCC Metro station, Jumeirah Lakes Towers tram stop, and 11 bus stops. Its proximity to the bustling Sheikh Zayed Road ensures convenient access to various parts of the city, and the airport can be reached within a 25-minute car ride.

Types of real estate in the district  

JLT offers a range of real estate options, primarily in the form of apartments located within the community towers. These options span from small studios to luxurious, premium-class family penthouses.

Verde  

Verde is an impressive 58-floor tower located at the intersection of JLT and Jumeirah Heights. The property offers apartments for purchase, ranging from 1 to 3 bedrooms. These lots come with pre-finished marble and precious wood accents, along with kitchen appliances and plumbing fixtures already installed. Each apartment boasts a balcony that provides picturesque views of either the Persian Gulf or the surrounding lakes and park, allowing for the creation of an additional dining or relaxation space.

Residents of the project can enjoy a range of amenities, including a swimming pool located on the top floor terrace, providing a refreshing retreat on hot days and a mesmerizing view of Dubai's illuminations in the evening. For those seeking active recreation, there are well-equipped indoor and outdoor gyms, as well as a dedicated yoga area. The complex also features a BBQ area where residents can host gatherings with friends, various restaurants for enjoyable evenings with family, and a shopping gallery to cater to all daily needs.

The projected completion is scheduled for the 4th quarter of 2026.

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Verde residential project

Fashioz

Fashionz is a prominent 56-floor tower developed by the renowned company Danube. The property offers a range of options, including cozy studios and spacious apartments with 1 to 3 bedrooms, featuring exquisite designer renovations crafted from natural materials.

In Fashionz, residents can expect world-class service and amenities. Visit the on-site beauty salon, where professional stylists are available to assist you in selecting or transforming your image. Indulge in an evening of culinary delights at the rooftop gourmet restaurant, offering breathtaking views of Dubai's skyline. Relaxation awaits on the rooftop terraces, complete with pools, or in the spa, featuring therapeutic rooms.

The anticipated completion is scheduled for 2027.


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Fashionz residential project

Short rules for purchasing real estate in Dubai

If you have finalized your choice of property, the next step involves signing a Sales and Purchase Agreement (SPA) contract with the developer. During this stage, a reservation fee of 10-15% of the total cost is made. Following this, a land tax of 4% must be paid, and you can proceed with applying for ownership at the Dubai Land Department. Once approved, you can proceed with settling payments with the developer. On the day of application, you will receive a certificate of registration.

FAQ  

How much do apartments in JLT cost?

Studios in Jumeirah Lakes Towers start from $165,000.

Is it profitable to invest in Jumeirah Lakes Towers?

Yes, long-term rental of apartments can yield an average return of 6% per annum. Daily rentals can yield approximately 10-12%.

How should I choose an apartment for investment?

It is advisable to focus on studios and 1-bedroom apartments as they are in high demand. Additionally, consider specific apartment characteristics, the quality of finishes, and the availability of nearby infrastructure.

Conclusion  

Jumeirah Lakes Towers offers a modern residential and business environment with a wide range of infrastructure and captivating views. If you are seeking apartments in this district, our brokers are here to assist you in finding the best options. We provide our services with care and without any commission. Contact us today for personalized assistance.