Lake View Tower is a residential skyscraper in Jumeirah Lake Towers, Dubai. It is 481 feet tall and has 40 floors above ground and three basement levels. The tower offers a variety of studio, 1, 2, and 3-bedroom apartments, all catering to the resident’s specific needs.
The location of Lake View Tower in JLT Dubai is highly desirable due to its vibrant community and mixed-use free zone. The community has several high-rise towers overlooking several artificial lakes, making it an ideal location for those enjoying stunning views. Additionally, the tower’s proximity to various restaurants, cafes, and other facilities makes it an excellent choice for those who value convenience.
Lake View Tower by Damac Properties is known for its contemporary design and attention to detail. The tower offers residents a metropolitan feel reminiscent of many major cities worldwide. Additionally, the apartments feature large balconies, upgraded bathrooms, and additional shower rooms, providing residents a luxurious living experience.
Overview of Lake View Tower
Lake View Tower is a 40-story high-rise residential building in Dubai’s Jumeirah Lake Towers (JLT) area. Developed by Damac Properties, one of the leading real estate developers in the UAE, It offers studio, 1, 2, and 3-bedroom apartments.
Developer Profile
Damac Properties is a famous developer in the UAE with a track record of delivering high-quality residential and commercial projects. The company has won mutiple awards for its innovative designs and commitment to sustainability. With Lake View Tower, Damac Properties has once again demonstrated its expertise in creating luxurious and modern living spaces.
Architectural Design
Lake View Tower boasts a modern architectural design that is both stylish and functional. The tower features a sleek glass façade that allows plenty of natural light to fill the apartments. The building’s spacious balconies offer stunning views of the Dubai Marina and the surrounding lakes. The apartments aim to be comfortable and practical, with high-quality finishes and fittings throughout.
Strategic Location
Lake View Tower is strategically located in the heart of Jumeirah Lakes Towers (JLT), one of Dubai’s most sought-after residential areas. The tower is just a short walk from the Dubai Marina and the JLT metro station, providing easy access to the rest of the city. Additionally, it is conveniently located close to Sheikh Zayed Road, one of Dubai’s main arterial roads, making it easy to get around by car. With its excellent location and lavish amenities, Lake View Tower is the perfect choice for anyone looking for a comfortable and convenient place to call home.
In summary, Lake View Tower is a modern and luxurious residential building in the heart of Jumeirah Lake Towers. Developed by Damac Properties, the building offers many high-quality apartments with stunning views of the Dubai Marina and the surrounding lakes. With its prime location and state-of-the-art amenities, Lake View Tower is the perfect choice for anyone looking for a comfortable and convenient place to live in Dubai.
Types of Apartments
Lake View Tower in JLT offers various apartment types to meet different lifestyles. The tower features studio, 1-bedroom, 2-bedroom, and 3-bedroom apartments, each with unique features and benefits.
Studio Apartments
The studio apartments in Lake View Tower are ideal for singles or couples who want a compact living space. These units are available in varying sizes and configurations, ranging from 430 sq. ft. to 500 sq. ft. They have all the necessary amenities, including a fully equipped kitchen, a bathroom, and a living area. Some studio apartments also feature a balcony or large windows to provide residents with stunning views of the surrounding area.
1 Bedroom Apartments
The 1-bedroom apartments in Lake View Tower are perfect for small families or couples who want more space. These units are available in sizes ranging from 800 sq. ft. to 900 sq. ft. They come equipped with a bedroom, a bathroom, a living area, and a fully equipped kitchen. Some 1-bedroom apartments also feature a balcony or large windows to provide residents with stunning views of the surrounding area.
3 Bedroom Apartments
The 3-bedroom apartments in Lake View Tower are ideal for larger families or individuals who want more space. These units are available in sizes ranging from 1,500 sq. ft. to 1,700 sq. ft. They have three bedrooms, two or three bathrooms, a living area, and a fully equipped kitchen. Some 3-bedroom apartments also feature a balcony or large windows to provide residents with stunning views of the surrounding area.
Lake View Tower offers various unit sizes and configurations to suit different needs and lifestyles. Whether you are looking for a compact living space or a spacious apartment with stunning views, Lake View Tower has something for you.
Amenities and Facilities
Lake View Tower in JLT, Dubai, offers its residents many amenities and facilities. The tower aims to cater to the needs of modern-day living and provide a luxurious lifestyle. The following subsections will provide an overview of the amenities and facilities available at Lake View Tower.
Leisure and Entertainment
Lake View Tower offers a variety of leisure and entertainment options, including:
- Swimming pool: The tower has a pool where tenants can chill and enjoy the scenic views of JLT.
- Sauna: The tower also has a sauna where residents can unwind and relax.
- Children’s play area: The tower has a children’s play area where kids can have fun and play.
Fitness and Wellness
Lake View Tower provides a range of fitness and wellness facilities, including:
- Gymnasium: The tower has a fully equipped gymnasium where locals can work out and stay fit.
- Barbecue area: The tower has a barbecue area where residents can host parties and enjoy outdoor cooking.
- Parking: The tower has ample parking space for residents and visitors.
Safety and Security
Lake View Tower provides top-notch safety and security facilities, including:
- 24-hour security: The tower has round-the-clock security personnel to ensure the safety of residents.
- CCTV surveillance: The tower is equipped with CCTV cameras to monitor the premises.
- Retail outlets: The tower has retail outlets where residents can shop for daily needs.
- Restaurants: The tower has restaurants where residents can dine and enjoy a variety of cuisines.
In conclusion, Lake View Tower in JLT, Dubai, offers several amenities and facilities that meet the needs of modern-day living. The tower provides a luxurious lifestyle to its residents and ensures their safety and security.
Community and Lifestyle
Residential Atmosphere
Lake View Tower in JLT Dubai is a high-rise residential development that offers a comfortable and luxurious lifestyle. The tower features studio, 1, 2, and 3-bedroom apartments with stunning views of the central lake, neighboring Jumeirah Islands, gardens, waterfalls, and promenades. The apartments are precisely arranged to meet each resident’s specific requirements, ensuring a comfortable and convenient living experience. The development also includes a range of amenities such as swimming pools, fitness centers, and retail outlets, enhancing the overall living experience for residents.
Local Services
Lake View Tower is centrally located in JLT Dubai, a vibrant community that boasts a wide range of local services. Moreover, the area features numerous schools and nurseries, making it an ideal choice for families with young children. Additionally, the tower is surrounded by a plethora of restaurants, cafes, and retail stores, ensuring that residents have convenient access to all necessary amenities.
Community Engagement
Lake View Tower in JLT Dubai offers a vibrant community atmosphere that encourages residents to engage with one another and participate in various community events. The tower features a range of leisure facilities, including a swimming pool, gym, and children’s play area, providing locals with many opportunities to socialize and stay active. The tower’s central location also makes it easy for residents to explore Dubai and its offers.
In conclusion, Lake View Tower in JLT Dubai offers a relaxing and fancy lifestyle, with a range of local services and community engagement opportunities. The tower’s stunning views and convenient location make it an ideal choice for those looking for a vibrant community atmosphere in the heart of Dubai.
Investment Opportunities
Market Conditions
Lake View Tower is situated in the heart of Jumeirah Lake Towers, one of Dubai’s most sought-after residential areas. Furthermore, the real estate market in JLT is renowned for its stability and high demand, making it an ideal location for investment. Additionally, the area offers several amenities, including restaurants, cafes, supermarkets, and recreational facilities, making it an attractive option for residents and investors alike.
Return on Investment
Investors looking to buy property in Lake View Tower can expect a good return on investment. According to recent data, studio apartments offer the highest ROI at 8.28% in Lake View Tower, while 1-bedroom apartments generate about 7.29% ROI. 2-bedroom flats provide an ROI of about 6.5%. The value of ROI can vary depending on the property’s size, location, amenities nearby, and changes in market dynamics.
Recent Sale Transactions
Lake View Tower has steadily increased property prices, making it a popular choice for investors. The average cost for a studio apartment in Lake View Tower is AED 650,000, while the average price for a 1-bed apartment is AED 1,000,000. Investors can earn up to 8.54% return on investment in Lake View Tower. The tower is configured to introduce you to a new style of living, where everything is precisely arranged to your specifications.
Moreover, investors can use payment plans and offers to make their investments more affordable. Recent sale transactions show a high demand for property in Lake View Tower, making it a good investment opportunity for those looking to invest in real estate in Dubai.
In conclusion, Lake View Tower offers several investment opportunities for investors looking to invest in real estate in Dubai. Its prime location, stable market conditions, and good return on investment make it an attractive option for residents and investors.
Accessibility and Connectivity
Proximity to Landmarks
Lake View Tower in JLT, Dubai, is strategically located in one of the most sought-after areas in the city. Residents of Lake View Tower enjoy easy access to a wide range of landmarks, including:
- Dubai Marina: Lake View Tower is just a few minutes from Dubai Marina, one of the city’s most popular destinations. Residents can enjoy various activities, including shopping, dining, and entertainment.
- Sheikh Zayed Road: The tower is located just off Sheikh Zayed Road, one of the main highways in Dubai, which makes it simple for tenants to move to other parts of the city, including Downtown Dubai and Dubai International Airport.
- Jumeirah Lake Towers: Lake View Tower is located in Jumeirah Lake Towers, a vibrant community that offers various amenities, including parks, restaurants, and cafes.
- Free Zone: JLT is a free zone, which means that businesses operating in the area enjoy many benefits, including 100% ownership, tax exemptions, and easy access to a skilled workforce.
Transport and Access Routes
Lake View Tower is well-connected to a range of transport options, including:
- Metro: The Dubai Metro is only a short walk from Lake View Tower, making it easy for tenants to travel to other parts of the city.
- Bus: The tower is also well-connected to the Dubai bus network, with several nearby bus stops.
- Taxi: Taxis are readily available in JLT, making it simple for residents to move to other parts of the city.
- Car: Lake View Tower is located just off Sheikh Zayed Road, one of Dubai’s main highways, making it simple for residents to move to other parts of the city by car.
Overall, Lake View Tower offers residents easy access to a wide range of landmarks and transport options, making it an ideal place to live for those looking for convenience and accessibility.
Buying and Selling
Property Listings
Lake View Tower, JLT Dubai, offers several properties for sale to meet the needs of different buyers. According to the listings on Bayut, the flat prices in Lake View Tower range from AED 650,000 to AED 2,480,000. The prevailing market conditions and the property’s location can impact the sale price.
If you want to buy a property in Lake View Tower, JLT Dubai, you can browse the listings on Bayut, which provide details such as floor plans, mortgage details, and service charges. You can also contact real estate agencies like Betterhomes – Dubai Marina, Everest Homes Real Estate, and Property Junction Real Estate for assistance finding a suitable property.
Real Estate Agencies
Real estate agencies such as Betterhomes—Dubai Marina, Everest Homes Real Estate, and Property Junction Real Estate can assist buyers and sellers in buying or selling a property in Lake View Tower, JLT Dubai. They provide various services, such as property valuation, marketing, and legal assistance.
If you want to sell your property in Lake View Tower, JLT Dubai, you can contact these real estate agencies to list your property and find potential buyers. These agencies can also guide the prevailing market conditions and the appropriate sale price for your property.
In the last 12 months, several properties have been sold in Lake View Tower, JLT Dubai, at varying prices depending on the property’s size, location, and condition. Conducting research and seeking professional assistance before buying or selling a property is essential to ensure a successful transaction.
Explore IDX Solutions with Dubai MLS
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Frequently Asked Questions
What amenities are available in Lake View Tower?
Lake View Tower offers a range of amenities for its residents. These include:
- Swimming pool
- Gymnasium
- Sauna and steam rooms
- 24-hour security
- Covered parking
- High-speed elevators
- Retail outlets
How does Lake View Tower compare to other residential buildings in JLT?
Lake View Tower is a 40-storey residential building in Jumeirah Lake Towers (JLT), Dubai. It offers several amenities and facilities that make it a popular choice among residents. Compared to other residential buildings in JLT, Lake View Tower stands out due to its:
- Great location
- High-quality finishes and fittings
- Range of amenities and facilities
- Competitive rental prices
What are the average rental prices in Lake View Tower?
The average rental prices in Lake View Tower vary depending on the size and type of apartment. As of June 2024, the average rental prices are:
- Studio apartments: AED 50,000 – AED 70,000 per year
- 1-bedroom apartments: AED 70,000 – AED 100,000 per year
- 2-bedroom apartments: AED 100,000 – AED 150,000 per year
- 3-bedroom apartments: AED 150,000 – AED 200,000 per year
Are there any units for sale in Lake View Tower, and what are the price ranges?
Yes, there are units available for sale in Lake View Tower. The price ranges change baesd on the size and type of apartment. As of June 2024, the price ranges are:
- Studio apartments: AED 700,000 – AED 1,000,000
- 1-bedroom apartments: AED 1,000,000 – AED 1,500,000
- 2-bedroom apartments: AED 1,500,000 – AED 2,500,000
- 3-bedroom apartments: AED 2,500,000 – AED 3,500,000
What public transportation options are available near Lake View Tower?
Lake View Tower is conveniently located near several public transportation options. These include:
- Dubai Metro: The JLT Metro Station is a short walk from the building.
- Bus: Several bus routes pass through JLT, providing easy access to other parts of Dubai.
- Taxi: Taxis are readily available in JLT and can be hailed from the building.
What year was Lake View Tower completed?
Lake View Tower was completed in 2011 and is managed by Damac Properties.
