Lakeside Residence is a luxurious residential building in the heart of Jumeirah Lake Towers (JLT), Dubai. It offers multiple apartments for sale and rent, making it a popular choice among investors and residents. The building is situated near Almas Lake West, Laguna Tower, and Dubai Gate 2 (Cluster A), providing easy access to Dubai Internet City, Dubai Marina, and Dubai Media City via Sheikh Zayed Road.
Real estate in JLT Dubai has risen recently, and Lakeside Residence is no exception. The 36-story skyscraper stands 129 meters above the ground and offers scenic views of the surrounding lakes and landscaped gardens. The building features one– and 2-bedroom apartments designed to provide residents maximum comfort and convenience.
Investing in property in Lakeside Residence can be a wise decision for those looking to live in a prime location in Dubai. The building has state-of-the-art amenities such as a swimming pool, gym, and sauna, ensuring residents can access everything they need to live a comfortable and luxurious lifestyle. Furthermore, the building’s location in JLT makes it an ideal choice for those who work in the area or are looking for easy access to other parts of the city.
Overview of Lakeside Residence
Lakeside Residence is a luxurious residential development in Jumeirah Lakes Towers (JLT), Dubai. Developed by Al Manal Development, the 36-story skyscraper was completed in 2012 and offered a range of one—and two-bedroom apartment types.
Location and Accessibility
Strategically located in JLT, Lakeside Residence offers residents easy access to main highways, public transportation, and various shopping, dining, and entertainment options. The development overlooks the picturesque JLT lake and is just a short distance from Dubai Marina.
Property Types and Sizes
Lakeside Residence offers a range of 1 and 2-bedroom apartment types, with sizes ranging from 850 to 1,450 square feet. The apartments aim to provide residents with maximum comfort and convenience, with built-in wardrobes, spacious balconies, and ceramic tiling features.
Architectural Design
Lakeside Residence stands out among the various towers in JLT for its unique architectural design and smartly designed floor plans. The development offers a range of facilities and amenities, including 24-hour security, a swimming pool, and a gymnasium.
In summary, Lakeside Residence is a luxurious residential development in JLT, Dubai. The development offers a range of 1 and 2-bedroom apartment types, with sizes ranging from 850 to 1,450 square feet. With its unique architectural design, convenient location, and range of facilities and amenities, Lakeside Residence is the perfect choice for those looking for a luxurious and convenient lifestyle in Dubai.
Real Estate Market Insights
Price Trends
Lakeside Residence, JLT Dubai, has steadily increased property prices over the past few years. The average cost of a property in Lakeside Residence is around AED 960,000 to AED 2,400,000. Prevailing market conditions indicate that property prices will continue to rise in the coming years.
Recent Sale Transactions
According to recent sale transaction records from the Dubai Land Department, properties in Lakeside Residence were sold at an average price of AED 1,090,000 in the last 12 months. The average price may change based on the property’s type, size, and condition.
Rental Market Conditions
Lakeside Residence has also seen a positive trend in the rental market over the past six months. The average rental price for a property in Lakeside Residence is around AED 1,264,852. However, the rental price may vary depending on the property’s type, size, and condition.
In conclusion, Lakeside Residence, JLT Dubai, is desirable for buyers and renters. The real estate market in Lakeside Residence is showing a positive trend, with property prices and rental rates rising.
Amenities and Facilities
Lakeside Residence in JLT Dubai offers many top-notch amenities and facilities that meet residents’ needs. The following are some of the facilities that make Lakeside Residences stand out from other residential towers in JLT.
Fitness and Recreation
Lakeside Residence offers a fully-equipped gymnasium that is open 24/7, allowing residents to maintain their fitness routine anytime. The tower also features an infinity pool perfect for a refreshing swim after a long day. Furthermore, residents can enjoy the landscaped gardens and running tracks within the community, making it an ideal place for fitness enthusiasts.
Family and Community
Lakeside Residence is a family-friendly community that offers a range of amenities for families. The tower features a prayer hall, making it convenient for residents to perform daily prayers. Moreover, the building is surrounded by family parks, offering a safe and fun atmosphere for kids to play and enjoy.
Security and Safety
Lakeside Residence takes the safety and security of its residents seriously. The tower features 24/7 security and CCTV surveillance, ensuring residents feel safe and secure. Additionally, the building is equipped with fire alarms and sprinkler systems, providing residents an added layer of safety.
In addition to the above facilities, Lakeside Residence offers a range of other amenities, such as furnished apartments, a balcony with a lake view, and more. With its prime location and top-notch facilities, Lakeside Residence is the perfect place for a comfortable and luxurious lifestyle in JLT Dubai.
Neighborhood and Lifestyle
Educational Institutions
Lakeside Residence is located in Jumeirah Lake Towers, a well-established community offering a range of educational institutions. Families with children can choose from various schools and nurseries in the area, including:
- Dubai British School
- Emirates International School
- Regent International School
- Toddler Town British Nursery
- Kids Kare Nursery
Dining and Retail Options
Residents of Lakeside Residence can enjoy various dining and retail options in the surrounding area. The nearby Dubai Marina Mall offers a range of shopping and dining experiences, while Bluewaters Island is home to several high-end restaurants and cafes. In addition, Jumeirah Park and Jumeirah Beach Residence offer several retail stores and dining options.
Proximity to Key Locations
Lakeside Residence is conveniently located near several key locations in Dubai. The community is just a short drive from Dubai Marina, which offers a range of entertainment and leisure options. In addition, the community is located near Sheikh Zayed Road, which gives easy access to other parts of Dubai. Residents can also enjoy proximity to the following locations:
- Dubai Marina Mall
- Bluewaters Island
- Jumeirah Park
- Jumeirah Beach Residence
Lakeside Residence offers residents a convenient and comfortable lifestyle in one of Dubai’s most popular communities.
Investment Potential
Return on Investment
Investing in Lakeside Residence, JLT Dubai, can provide a good return on investment. The ROI for investors can vary depending on the property’s size, location, nearby amenities, and real estate market changes. The value of ROI can range from 6.5% to 7.79%.
The freehold properties in Lakeside Residence, JLT Dubai, offer investors the opportunity to own property in a prime location. The real estate market in Dubai is evolving, and the demand for new developments is increasing. Investing in Lakeside Residence, JLT Dubai, can provide investors with a stable and profitable investment option.
Growth Prospects
The growth prospects for Lakeside Residence, JLT Dubai, are promising. The development offers a range of apartments, including one-bedroom and two-bedroom flats, with smartly designed floor plans. The project stands out among the various towers in JLT for its architecture and spacious balconies.
The property size of Lakeside Residence, JLT Dubai, ranges from 800 sqft to 1,200 sqft, providing investors with various options. The development’s location is another factor contributing to its growth prospects. It is in the heart of JLT, providing residents easy access to multiple amenities, including shopping malls, restaurants, and cafes.
In conclusion, investing in Lakeside Residence, JLT Dubai, offers investors the chance to own property in a prime location with good ROI potential. The development’s growth prospects are promising, and the range of apartments available caters to various investors.
Developer Information
Al Manal Development Profile
Al Manal Development is a reputable real estate development company based in Dubai. The company has been in the industry for several years and has established a good reputation for delivering high-quality projects. Al Manal Development is committed to providing its clients with exceptional living experiences through innovative and sustainable developments.
The company has a team of experienced experts who are committed to making sure that every project is completed to the highest standards. Al Manal Development’s mission is to create sustainable, environmentally friendly communities that provide residents with a comfortable and luxurious lifestyle.
Project Portfolio
One of Al Manal Development’s notable projects is Lakeside Residence, located in Jumeirah Lake Towers, Dubai. The 36-storey residential complex was completed in 2012 and offers a range of apartment options, including one- and two-bedroom units.
Al Manal Development’s Lakeside Residence boasts a prime place in the heart of Jumeirah Lake Towers, a community famous for its luxurious lifestyle and stunning views. The tower offers residents several facilities and amenities, including a swimming pool, gym, and 24-hour security.
Apart from Lakeside Residence, Al Manal Development has completed several other projects in Dubai, including residential and commercial developments. The company’s projects are famous for their innovative design, attention to detail, and high-quality finishes.
With a commitment to excellence and a focus on sustainability, Al Manal Development is a developer worth considering for anyone seeking a luxurious and pleasant living experience in Dubai.
Living in Lakeside Residence
Lakeside Residence is a famous residential tower in the heart of Jumeirah Lake Towers (JLT), Dubai. The tower offers a range of modern apartments with spacious layouts and affordable prices. The community is known for its vibrant atmosphere and proper location, making it an ideal option for those seeking a relaxing and suitable lifestyle.
Resident Reviews
Residents of Lakeside Residence have shared their positive experiences living in the tower. They appreciate the following aspects of the community:
- The tower’s location is in the heart of JLT, which offers easy access to shopping centers, restaurants, and other amenities.
- The friendly and helpful staff are always available to help with any issues or concerns.
- The well-maintained facilities, including the gym, swimming pool, and children’s play area.
- The spacious and modern apartments with stunning views of the lake and surrounding areas.
Community Events and Activities
Lakeside Residence also offers a variety of community events and activities for residents to enjoy. These include:
- Fitness classes and yoga sessions are held in the tower’s gym and outdoor areas.
- The community management team organizes social events such as movie and game nights.
- Holiday celebrations and festivals, including Diwali and Christmas, unite the community.
Residents of Lakeside Residence can enjoy a relaxing and convenient lifestyle with access to all the amenities they require. Whether looking for a place to live, work, or enjoy life, Lakeside Residence offers a welcoming community that will meet your needs.
Buying and Selling Process
Property Agencies
When it comes to buying or selling a property in Lakeside Residence, JLT Dubai, several property agencies can assist buyers and sellers. Some of the well-known property agencies in Dubai include Seven Century Real Estate, White & Co Real Estate—Sales, and Allsopp & Allsopp—Motor City. These agencies have a good market reputation and a team of experienced professionals who can help buyers and sellers through the process.
Documentation and Procedures
The buying and selling process in Lakeside Residence, JLT Dubai, involves several essential steps that must be followed. Here are some of the critical steps involved in the process:
- Property Search: The first step is to find the right property that meets the buyer’s requirements, which can be done by contacting a property agency or searching online.
- Property Viewing: Once the buyer has shortlisted a few properties, the next step is to arrange a viewing. The buyer can visit the property and inspect it to ensure that it meets their requirements.
- Offer and Negotiation: If the buyer is interested in the property, they can offer it to the vendor. The vendor can either accept the offer or negotiate on the price.
- Sales Agreement: Once the buyer and seller agree on the price, a sales agreement is drafted. This agreement specifies the terms and conditions of the sale, like the price, payment terms, and other essential details.
- Transfer of Ownership: The last step in the process is the transfer of ownership, which involves the payment of the agreed price and the transfer of the property title from the vendor to the buyer.
It is important to note that the buying and selling process in Lakeside Residence, JLT Dubai, involves several legal procedures and documentation. Buyers and sellers should seek the guidance of a professional property agency to ensure that the process is smooth and hassle-free.
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Frequently Asked Questions
What are the average rental prices for apartments in Lakeside Residence?
The average rental prices for apartments in Lakeside Residence vary depending on the size and type of the unit. However, based on recent data, the average rental price for a one-bedroom apartment is about AED 60,000 per year, while the average rental price for a two-bedroom apartment is around AED 90,000 per year.
How do the amenities at Lakeside Residence compare to other residential buildings in JLT?
Lakeside Residence offers a range of amenities comparable to those of other residential buildings in JLT. The building features a gymnasium, a swimming pool, a sauna, and a steam room. Residents can also enjoy a children’s play area and a barbecue area.
What types of apartments are available for sale at Lakeside Residence?
Lakeside Residence offers a variety of apartments for sale, including one-bedroom and two-bedroom units. Each apartment has spacious balconies, built-in wardrobes, and ceramic tiling. The building also offers four different floor plans for each bed type.
Can you provide recent reviews or feedback from residents of Lakeside Residence?
We were unable to find any recent reviews or feedback from Lakeside Residence residents. However, the building has a good reputation in the JLT community and is known for its well-designed floor plans and range of amenities.
What public transportation options are available near Lakeside Residence?
Lakeside Residence is conveniently located near several public transportation options. The building is within walking distance of the Dubai Metro and close to several bus stops. Taxis and ride-sharing services are also readily accessible in the area.
Is there a list of facilities and services included for residents of Lakeside Residence?
Yes, Lakeside Residence offers its residents a range of facilities and services. The building features 24-hour security, a concierge service, and a maintenance team. There is also a covered parking area for residents and a retail center on the ground floor, including a supermarket, pharmacy, and coffee shop.
