Amir
In this article from the Dubai Home website, we will discuss apartments for sale in Jumeirah Lake Towers. This area is one of the attractive areas of Dubai. Many tourists are looking for Apartments for sale in Jumeirah Lake Towers. So we decided to dedicate an article to this topic.
To provide complete information about Apartments for sale in Jumeirah Lake Towers, we first provide you with comprehensive information about the Jumeirah Lake Towers area. So stay with us.
ABOUT JUMEIRAH LAKE TOWERS
The Jumeirah Lake Towers, more commonly known as JLT, is one of Dubai’s most sought-after mixed-use communities. It is a part of the DMCC – Dubai Multi Commodities Center. It is surrounded by four artificial lakes and a park area that provides a sanctuary from the heat of Dubai.
JLT has become an ideal residential community for families and individuals who desire a convenient location close to Dubai Marina because of its easygoing community vibe and comprehensive amenities. As stated in Dubai’s Annual Sales Report 2021, JLT is an excellent place to buy affordable apartments.
There is a mixed-use district behind Dubai Marina called Jumeirah Lakes Towers, where the Dubai Multi Commodities Centre Free Zone is located. It is the UAE’s most significant and fastest-growing free zone. It has become a regional hub for trade and investment. The so-called ‘Burj 2020’, the world’s tallest commercial tower, will be built here shortly.
There are 87 tower blocks at JLT, as the name implies, which are surrounded by three lakes and a park, and are comprised of residential, commercial, hotel, and leisure buildings. Apart from the Almas Tower, which measures 66 meters in height, the buildings range between 35 and 45 meters in height and are arranged in 23 clusters.
The community of JLT, which has more than 35,000 residents, attracts singles and young couples who live in Dubai to work. JLT has no houses or villas; it has only high-rise apartment buildings that rub shoulders with classy glassy corporate towers. Its main attraction is the proximity to the workplace; however, JLT appeals to people who work out of town but still want a city lifestyle in a high-rise.
A lot of people buy these apartments since they are more affordable than those close to Jumeirah Beach or Dubai Marina, but the JLT lifestyle has its own appeal, with the greenery and jogging paths along the lakeside promenade providing a peaceful environment on which you can take leisurely walks, jog, jog, and cycle, and participate in community gatherings.
THE LOCATION OF THE JUMEIRAH LAKES TOWERS
Jumeirah Lakes Towers is situated close to Sheikh Zayed Road, the main highway that runs from Dubai to Abu Dhabi. It is also within ten minutes of Jumeirah Beach and The Walk, with its shops and cafe culture. Abu Dhabi is about an hour’s drive away.
The amenities
Amongst the office workers and the residents here, the only real attraction is Bonnington’s Irish Pub, but for those who have to eat, there are plenty of restaurants and cafes, including a live jazz evening every Thursday at Pizza Express, which makes for a unique dining experience.
You’ll find convenience stores and mini-marts along the waterfront, as well as medical clinics, gyms, spas, and beauty salons in each tower cluster.
You can find three malls within ten minutes’ drive of the house, each of which is equal in size to a small town, so you can do some shopping.
A wide range of facilities is available to residents, including two schools just 12 minutes away, four playgrounds located within JLT, as well as a shared swimming pool that was introduced to both residents and singles.
The Dubai Multi Commodities Centre (DMCC) began installing solar car shades across most areas associated with the Jumeirah Lake Towers district’s parking lots in March 2022.
JLT will have the largest solar car shade installation in the UAE once the 6.3MW project has been completed, resulting in a significant reduction in power consumption tariffs in the district. This will result in property owners saving money each year while making JLT more affordable for tenants and residents.
Since the project is being financed from cost savings from energy production, the JLT community will not have to pay any additional costs as a part of the project.
The installation of solar panels across JLT follows another initiative which saw installing solar tinted car covers at One JLT.
The solar project has been implemented in combination with a wide range of energy-saving initiatives, which have already led to a 30% reduction in energy consumption from the national grid in addition to the solar project.
PROPERTIES IN JUMEIRAH LAKE TOWERS (JLT)
Having a home in JLT is the equivalent of having an easygoing community vibe and plenty of amenities that suit the needs of all family members, young professionals, and retirees. This complex consists of high-rise buildings. Since the type of residential property available is mainly apartments, you will find both new and old apartments for sale in Jumeirah Lake Towers. You can find the following:
• Studio flats
• 1-bed to 4-bed apartments
• 3 and 4-bedroom penthouses
Many different layouts are available for those sold in JLT since different developers build other towers. Hence, tenants have the unique ability to choose the one that suits them best.
Apartments for Sale in Jumeirah Lake Towers (JLT) Price
For Apartments for Sale in Jumeirah Lake Towers, various statistics have been collected from websites and real estate consultants. The following picture provides some information about Apartments for Sale in Jumeirah Lake Towers.
The Jumeirah Lake Towers area is freehold, so many apartments are available for sale. It is possible to purchase a studio in JLT for AED 452k, the average price for a 1-bedroom apartment is AED 803k, and for a 2-bedroom apartment, the cost will range from AED 530k to AED 2.6M. A few exclusive properties are found in JLT, which has a significant price gap.
There is a wide range of prices for a three-bedroom flat in Jumeirah Lake Towers. On average, a three-bedroom flat sells for around AED 1.5M, while a four-bedroom apartment in JLT costs AED 2.9M.
In the latest development in JLT, the Se7en City apartment complex offers studio, 1, 2, and 3-bedroom villas. Prices for studios in the development range between AED 385k and AED 456k, while prices for 1-bedroom units range from AED 395k to AED 1M. Many other projects are sure to impress.
Things to consider about apartments for sale in Jumeirah Lake Towers
Even though JLT is undoubtedly an excellent place to live in Dubai, there are some things to consider before moving there. Although the neighborhood has historically experienced traffic issues, recent road improvements have significantly reduced these issues. However, if you do drive, you must remember that the district is a one-way destination, so if you miss your turn, you will have to loop back around.
Before moving to JLT, make sure you speak to your agent or landlord to clarify if the rent payment includes a parking space in your apartment before moving. This may only sometimes be the case, and you should check with your landlord or agent before moving.
FAQs About Apartments for Sale in Jumeirah Lake Towers
Yes, JLT is a freehold area that offers apartments and penthouses to UAE nationals living abroad, ex-pats, and foreigners looking for a home in the UAE.
It is estimated that there are 68 towers in JLT since some of the buildings in JLT are still in the construction stage. When the project is completed, it is estimated that there will be 80 buildings in JLT. Clusters K and Z buildings are mainly in the design stage and still need to be completed.
DMCC Free Zone Was Established in JLT in 2002, Then Known As Jumeirah Lake Towers Free Zone Until 2003. DMCC Free Zone is a Government of Dubai Organization and Offers Work Opportunities to More Than 17,000 Companies.
The DMCC stands for Dubai Multi Commodities Centre.
