Approximately one kilometre away from Dubai's coastline, Jumeirah Lake Towers (JLT) is an expansive development built over a hundred hectares of land. Spread along Sheikh Zayed Road, it faces Dubai Marina which is another large development in the city. There are many popular buildings to buy and rent in Jumeirah Lake Towers, making it an in-demand community in Dubai.
According to the H1 2019 report by PropertyDigger for apartments in Dubai, JLT ranked sixth in terms of sale purposes and stood second for the highest ROI. One of the tallest buildings in this community is Lake View Tower. It was launched in 2005 by Damac Properties and was completed by 2009.
Along with two other buildings, such as The Wind Tower 1 and The Wind Tower 2, the Lake View Tower lies in Cluster B which is present in the southwestern corner of JLT, facing the Lake Almas West. Lake View Tower stands at a height of 481 feet (146.5 metres). This skyscraper has 40 floors above ground and includes three basement levels. It boasts over 400 units that range from studios to one and two-bedroom flats and luxurious penthouses. Each of the properties in Lake View Tower has access to a superb selection of retail and recreational amenities.
Ads By Google
The community follows Road and Transport Authority's (RTA) short-term parking system for visitors. For residents, there are three levels of underground parking in Lake View Tower, JLT. However, some of the apartments in Lake View Tower do not include a parking spot in their rental offer.
There are four high-speed elevators in Lake View Tower, JLT. Some of the properties, such as penthouses, are given private access to elevators that serve no other apartment.
The entire community of Jumeirah Lake Towers is equipped with full security. There is efficient security personnel and CCTV cameras are installed for the security of the residents. Every apartment and facility has back-up electricity system as well as gas, air-conditioning and heating supply.
Lake View Tower, JLT has two upscale fitness facilities; one for ladies and the other for gents. Residents can also consider a few other options outside of Lake View Tower, such as Arya Yoga in The Dome Tower (Cluster N) and Fidelity Fitness Club in Almas Tower. They can also join one of the outdoor community activities that mostly happen in the central park of JLT.
Looking after the well-being of its residents, Lake View Tower, JLT offers luxurious health-centred amenities such as sauna, steam room and Jacuzzi. The podium level in Lake View Tower includes a large swimming pool that comes along with a pool for kids separated by a fence. There are beach chairs placed around the swimming pool and have comfortable mattresses laid over each of them.
Parents living in Lake View Tower, JLT have a lot of places near their building for their children's entertainment and education. There is Tiny Town Play Lounge in Jumeirah Lake Towers Park. An educational facility for preschoolers called BabyHome Nursery is located in Lake Point Tower in Cluster N. Great for older kids, there is an amusement centre called NoWayOut Escape Room in Cluster M.
Apartments in Lake View Tower, JLT are facilitated with b. There is also a maintenance staff that is always available.
Lake View Tower, JLT has one to two bedrooms as well as self-contained studios and expansive penthouses. All of these units are equipped with modern facilities and private balconies.
The most frequently available sizes of Lake View Tower, JLT, Dubai studios range between 415 sq. ft. and 510 sq. ft. These units include one bathroom and a kitchenette that is close to the entrance. The bathrooms in Lake View Tower studios are well-furnished with all the necessary accessories. There is also a storage space under the vanity counter and a wall-mounted long shelf where toiletries are kept. Bathrooms also include a tub with a detachable shower head. The kitchen space features wooden cabinetry attached to one side and it includes space for a washing machine and a refrigerator. Cooking option in Lake View Tower studio includes a built-in electric cooktop with a hood over it.
One-bedroom apartments in Lake View Tower, JLT, Dubai come in the sizes range from 820 sq. ft. to 1,430 sq. ft. They are usually available with two bathrooms but some of them may include just one bathroom. Few of the one-bedroom flats in Lake View Tower are furnished and may include two balconies that offer views of the lake and the entire community.
2-bedroom apartments in Lake View Tower, JLT, Dubai are typically available with three bathrooms and come with floor areas ranging between 1,369 sq. ft. and 1,586 sq. ft. These properties feature large balconies and well-appointed spaces for bedrooms, bathrooms, living rooms and kitchens.
The largest property type in Lake View Tower, JLT, Dubai is a penthouse, which is available with a living space of around 4,467 sq. ft. One of the penthouses in Lake View Tower has a total living area of 2,736 sq. ft. and the balcony occupies the rest (1,731 sq. ft.) of the area. Penthouses are offered two parking spaces and an exclusive elevator for private access into the property.
Based on searches conducted by users on PropertyDigger.com over the past 6 months
As per the data collected from PropertyDigger, studio apartments are the most popular property type in Lake View Tower, JLT. This is followed by one-bed flats, which have left behind larger units by a significant margin. Two-bed and three-bed apartments stand at third and fourth position in the list of popular bed types.
The rental apartments in Lake View Tower are popular for their affordable rates. This is a huge advantage for residents who want to adopt an urban lifestyle in a prominent community without hefty rental expenses.
The annual lease in Lake View Tower is a bit pricey as compare to other rental apartments in Jumeirah Lake Tower.
When it comes to investing in real estate in Dubai, most look for a property that has been developed by a well-reputed developer. This is also one of the factors that contribute to higher ROI. The fact that the name of Damac Properties is attached with this tower has attracted many investors into buying an apartment in Lake View Tower.
Consider comapring these prices with other apartment for sale in JLT.
Based on searches conducted by users on PropertyDigger.com over the past 6 months
The ROI of most of the properties such as studios, one-beds and two-bed flats is above 7%. Ranking number one are studio apartments with an expected ROI of 8.6%. The 1-bed units stand at second position with 7.4%, whereas two-bedroom flats round up the list at an ROI of 7.3%.
These figures are based on the services charges for Lake View Tower, Dubai as per the Dubai Land Department. There are many different types of service charges in Dubai, read up on the service charges guide if you are interested in buying a property in Dubai.
*These figures are as of November 2019. Please note that these service charges are subject to change.
Ads By Google
