Jumeirah Lake Towers (JLT) is a mixed residential and commercial district, loved for its lush green surroundings. Inspired by archipelagos and desert oasis in the emirate, this area has three artificial lakes and landscaped gardens. Today,Jumeirah Lake Towers is Dubai's most sought-after destination for living, working in, and finding business opportunities. Connected to major commercial hubs and housing a number of commercial buildings, it makes for an ideal setting for professionals. Moreover, there are numerous retail stores, restaurants, cafes, and other lifestyle amenities including running tracks and family parks. Among its unique alphabetic clusters of 3 towers, Cluster A consists of Laguna Tower, Dubai Gate 2, and Lakeside Residence.
As the name implies, Lakeside Residence lies next to Almas Lake West and is the central point of the cluster. It is close to Sheikh Zayed Road E11 thus,Dubai Internet City,Dubai Marina, andDubai Media City are all in proximity. The residential project by Al Manal Development offers a wide range of freehold properties. It was completed in 2012 with 358 ready apartments in a 36-storey skyscraper standing 129 metres above the ground. Further, offering 4 different floor plans for one-bedroom and two-bedroom apartments, the high-rise building has a variety of accommodation options. Living in Lakeside Residence is recommended if you're looking for affordable accommodation close to Dubai's important commercial districts,Sheikh Zayed Road, and lush greenery.
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There are four levels of basement parking in Lakeside Residence providing ample space for everyone including residents and visitors. Each flat gets a dedicated spot. However, guest parking spaces might not be managed on weekends.
Multiple high-speed elevators provide access to all floors. The service elevator is separate.
Apartments in Lakeside Residence have electricity backup and chiller facility by DEWA. 24-hour security is provided by an electronic monitoring system and the licensed security guards. Moreover, each apartment gets an uninterrupted gas supply, internet access and satellite TV cable.
Besides retail spaces on the ground floor, a dedicated hall is available for social gatherings. It has enough capacity to arrange small scale events.
There is a recreation centre including a gym in Lakeside Residence. It has modern exercise equipment.
A daycare centre with play area is dedicated to kids in the building. Moreover, there is a shared infinity pool and steam room in the recreation centre.
Along with the concierge, there is round-the-clock front-desk help at the reception, laundry facility, cleaning and maintenance, and waste disposal service. Guests can wait in the lobby and intercoms are installed so that residents can communicate with the reception area.
Residential apartments in the building vary in sizes and configurations. Each bed-type is further divided into different floor plans.
PropertyDigger has worked on creating a simple format for 2D and 3D floor plans on the website. You can easily find the unit type and bed type you're interested in by browsingfloor plans for Lakeside Residence.
The project stands out among the various towers in JLT for its architecture and smartly designed floor plans. Out of 358 ready apartments, 226 are 1-bedroom and 132 are 2-bedroom flats. Lakeside Residence has at least four different plans for each bed-type featuring a spacious balcony, built-in wardrobes, and ceramic tiling. Some units are fully furnished while some are partially furnished.
1-bedroom apartments in Lakeside Residence are of four different types; Type A, Type B, Type C1 and Type D2. The floor plan for 1-bed units Type A includes one bedroom and one bathroom while the rest have one en-suite and one guest bathroom. Each unit spans around 800 sq. ft. to 850 sq. ft. Apart from a master bedroom, the floor plan includes a spacious hall, an equipped kitchen, a balcony, and up to two bathrooms. You may also find some units that are partially or fully furnished and ready to move-in.
2-bedroom flats in Lakeside Residence also vary according to four different units; Type E, Type F, Type G1 and Type H. The covered area for each apartment ranges from 1,152 sq. ft. to 1,255 sq. ft. featuring two spacious bedrooms with attached bathrooms, a guest bathroom, a close-concept kitchen with appliances, a living room and a lake-view balcony.
Based on searches conducted by users on PropertyDigger.com over the past 6 months
As per searches made on PropertyDigger, 1-bedroom apartments are more popular than the other option topping the list with 56.6% of the views. 2-bedroom flats got 43.4% of the views.
Rental trends might seem slightly higher at first. This is becauseapartments in Lakeside Residence have more space and the construction is new. For instance, the least expectation with JLT apartments for rent would be AED 45k and in the rest of Dubai, you may even find one-bed units for AED 30k.
Whereas, in rest of Jumeirah Lake Towers, 2-bed units may cost around AED 50k at the minimum. This difference in price also includes that there are fully furnished apartments in Lakeside Residence that allow people to move-in instantly. Payment of annual rents is flexible and can be made in two to four cheques. However, it is recommended to check the lease contract beforehand.
Just like the rental trends, the sellingprice of apartments in Lakeside Residence is also slightly higher compared to other apartments for sale in JLT
The value is worth considering the location, amenities, construction, and the fact that the apartment you choose is furnished. Furnished apartments in the rest of the emirate also cost the same.
Based on searches conducted by users on PropertyDigger.com over the past 6 months
7.9% is the highest return on investment in Lakeside Residences bagged by 2-bedroom flats. 1-bed apartments also closely follow at 7.6% which is justified for such units. These apartments are freehold properties - another plus for expats hoping to own an apartment in Dubai.
These are the services charges for Lakeside Residence* as per the Dubai Land Department. Get complete information about Dubai service charges index if you're interested in buying a property in Dubai.
*Please note that these service charges are subject to change.
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Getting around Cluster A is easy since numerous bus stations are close by. Thus, prime mode of transportation near Lakeside Residence would be buses that shuttle around JLT.
Bus - JLT 2 stops at the Business Centre, Dome Tower, Dubai Star Tower and Silver Tower. These bus stations are easily accessible in a few minutes.
DMCC Metro Station is only a short 6-minute drive away from the building.
There are quite a few cafes and restaurants near Lakeside Residence like:
Those who wish to try different cuisines will find many international restaurants nearby. These include:
White Ambient Restaurant is in Cluster E. It is a German restaurant while Little Lahore, one of the best restaurants in JLT, lets you experience the spices of Lahore. Moreover, Café Isan is known for authentic Thai street food. Antalya has an Indian menu, Sushi Express in Cluster R serves Japanese food and Le Petit Belge in Cluster T has a Belgian menu.
If you're looking for some upscale fine dining options, you can head out to Movenpick Hotel right next to the building. It has Nosh restaurant with a special buffet arrangement for kids and a play area. Al Fresco Terrace in the restaurant is the family-adored spot. Movenpick Hotel also has Urban Bar and Kitchen with live music, and Crema is favoured for sweet treats and coffee.
There are plenty of supermarkets near Lakeside Residence including:
Spinneys is in Cluster J, Park n Shop in Cluster E, another Spinneys is in X2 Tower, and KP Mart is located in Cluster G. All options are accessible in less than 10 minutes. If you want to visit Waitrose, Carrefour or Zoom, an outlet for each is also located nearby, at a mere 10-minute drive.
Built in the first cluster of towers in JLT, Lakeside Residence is surrounded by residential and commercial towers. Besides the immediate neighbours in Cluster A including Laguna Tower and Dubai Gate 2, it is close to the residential project, DAMAC Lake View in Cluster B. 5-star hotel, Movenpick is also close by and once tallest skyscraper, Almas Tower is on the other side of Almas West Lake.
Cluster A is the first block of the town so it is quite convenient to spot Lakeside Residence.
Lakeside Residence is also accessible from Sheikh Zayed Road which is 6.6km away, making up a total of 7-minute driving distance.
