Properties for sale in Jumeirah Lake Towers

Property for sale in JLT

Property in Jumeirah Lake Towers is situated in a multi-functional coastal area, featuring the UAE's largest free zone, the Dubai Multi Commodities Centre (DMCC). Surrounded by four man-made lakes and green parkland, this type of property in Dubai is a great example of modern urban development.

Property in Jumeirah Lake Towers for investment and living include studios, 1–4-bedroom apartments and penthouses located in high-rise buildings. The area is part of freehold zones, so it is possible to own real estate in JLT for expats. A wide range of units is available to suit all requirements.

Property prices in Jumeirah Lake Towers depend on the area, the number of rooms and the level of amenities of the specific complex. Average prices are as follows:

• Studios - AED 685,000 (USD 186,500)
• 1-bedroom apartments - AED 1.2 million (USD 326,500)
• 2-bedroom apartments - AED 1.8 million (USD 490,000)
• 3-bedroom apartments - AED 2.5 million (USD 680,500)
• 4-bedroom apartments - AED 3.8 million (USD 1 million)

These are not price caps. For example, at the time of publication, 4-bedroom apartments are selling for AED 13 million (USD 3.5 million). The cost of property in JLT with 5 bedrooms starts at AED 6.3 million (USD 1.7 million).

Lifestyle in Jumeirah Lake Towers

The neighbourhood comprises 26 clusters, each consisting of several buildings and named after letters of the English alphabet. The community offers everything necessary for daily living. JLT is home to several small supermarkets, including Spinneys, West Zone and Carrefour Market, as well as a variety of private shops open 24 hours a day. The nearest supermarket is Waitrose at the Dubai Marina Mall.

Pets are allowed in the community and it’s popular with families because of its abundance of parks and children's playgrounds. Every second cluster in JLT has nurseries, including two branches of the Dewdrops network, Paddington Nursery, Kid Kare, Oakfield Development Centre and others, making the area particularly attractive to young families. Secondary education is available at the Emirates International School or the American School of Dubai, both within a 15-minute drive.

Healthy living and sports enthusiasts will find plenty of places to stay active. In addition to gyms, there are dance and yoga studios, as well as fitness clubs in the area.

Medical care is available at DMCC Medical Centre, Armada Medical Centre and Optimum Diagnostic Clinic. Dental services are provided at Dome MedDental Clinic, American Medical Centre and German Dental Clinic.

The community provides access to Sheikh Zayed Road, allowing quick access to any part of Dubai. Residential areas, including Dubai Marina and JBR, are just minutes away by car.

Personal transport is not the only way to get around the community. For those who don't drive, there are numerous taxis available in the area, as well as two metro stations - DMCC and Sobha Realty. Other clusters can be reached by JLT1 and JLT2 buses.

While the community doesn't have direct access to the beach, the nearest JBR beach is just across the road and can be reached in a few minutes by taxi or by walking across the road via the Metro bridge.

Investment real estate in JLT

Buying property in JLT for foreigners can be considered an investment opportunity. Apartments in Dubai are in demand and appreciate over time. It's possible to buy apartments and resell them later. Investing in properties under construction is the most profitable. During the initial sales phase, the price of the property is typically 20–30% lower than after completion. Additionally, a long-term rental strategy can also be lucrative. Foreigners can rent out their units without having to be in the UAE as many local companies offer property management services.

Rentals for studios in the cluster range from AED 48,000 to AED 100,000 (USD 13,000 to USD 27,500) per annum. Annual rents for 1-bedroom properties in JLT, UAE can range from AED 55,000 to 160,000 (USD 15,000–USD 43,500). More spacious 2-bedroom apartments can cost between AED 75,000 and AED 295,000 (USD 20,500–$80,500) per year. Rents for 3–4-bedroom apartments can reach AED 380,000 (USD103,500) per year.

Studios offer the highest return on investment at 7.86%, followed by 1-bedroom apartments with a yield of 7.11%. 2- and 3-bedroom apartments guarantee a yield of 6.88% and 6.91%, respectively. 4-bedroom apartments have an annual yield of 5.75%. It's important to note that rental income in the UAE is not subject to tax, allowing the owner to receive a net profit on a legal basis.

Profitable to buy property in JLT

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