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Property for sale in The Lakes
Properties in The Lakes, UAE, will be an excellent choice for those looking to buy a mansion in a suburban, green, and peaceful community. The villa complex is part of Emirates Living, which includes several sought-after neighbourhoods, including Emirates Hills, The Meadows, and The Greens.
The community consists of villas and townhouses and features a large number of parks and walkways, with a pristine water body located in the centre. Residents will not have to spend much time travelling to Dubai’s major locations. The journey from the community to Dubai Mall will take approximately 19 minutes; to the Palm Jumeirah 11 minutes; to Burj Al Arab 16 minutes; and to The Walk JBR 14 minutes. Both airports can be reached in 35–40 minutes.
Within a 10-minute drive are the districts of Dubai Marina and Jumeirah Beach, known for their beaches, shops, restaurants, and cafes. The huge Mall of the Emirates can be reached in 15 minutes by car.
There are no bus stops or public transport in the neighbourhood, but they are nearby. The bus stop at Dubai International Academy is a 13-minute drive away, and The Lakes Turnoff stop can be reached in 9 minutes. In addition, Al Khail and Sobha Realty metro stations are 5–7 minutes’ drive away.
The neighbourhood has its own Choithrams supermarket selling all the necessary goods. Just a 5-minute drive from the area is another store offering a wide selection of organic products, Organic Foods and Café. Other supermarkets in Dubai, such as Carrefour, Park n Shop, and Aswaaq Mart, are also a 5-minute drive away.
The nearest nurseries and schools are located in adjacent neighbourhoods: JLT, The Greens, Barsha Heights, and Emirates Hills. Educational institutions within 10–15 minutes’ drive include:
- Jumeirah International Nurseries;
- Chubby Cheeks Nursery;
- Mosaic Nursery JLT;
- Paddington Nursery JLT;
- Dubai International Academy;
- Emirates International School-Meadows;
- MOVE ACADEMY | BKSWorld;
- Regent International School.
For food enthusiasts, the community centre offers the opportunity to order dishes at the Reform Social & Grill gastropub, as well as enjoy a delicious coffee at The Lakes fun Club. Other cafes and restaurants with cuisines from around the world are within a 15-minute drive.
Property prices in The Lakes are as follows:
- 3 bedrooms: from AED 4.2 million (USD 1.14 million);
- 4 bedrooms: from AED 5.5 million (USD 1.5 million);
- 5 bedrooms: from AED 8 million (USD 2.18 million);
- 6 bedrooms: from AED 16 million (USD 4.36 million);
- 7 bedrooms: AED 23 million (USD 6.26 million).
Lifestyle in The Lakes
The neighbourhood features detached villas and townhouses surrounded by well-maintained public spaces, including parks, water bodies, decorative landscaping elements, children’s playgrounds, swimming areas, and barbecue spots.
The area is divided into 6 clusters: Deema, Forat, Ghadeer, Hattan, Maeen, and Zulal. Property in The Lakes comprises a total of 600 residences, including 3- to 6-bedroom villas and townhouses. Additionally, 12 houses with unique layouts, private gardens, garages, or parking spaces are also available.
The Zulal cluster is the most sought after. Located on the lakefront, this sub-community houses 3- and 4-bedroom villas. The minimum cost of property in The Lakes, specifically in this cluster, is AED 4.2 million (USD 1.14 million).
Next in popularity is Ghadeer, known for its mesmerising views of the water body and green surroundings. The beautiful landscape makes this sub-community one of the best places to buy villas in Dubai. Maeen, Hattan, and Deema are also in demand.
In addition to well-paved roads and a central public park, each cluster has its own park, and some feature tennis courts and swimming pools. Residents have access to the community centre that features pools, a fitness centre, a tennis court, a volleyball court, a daycare centre, and a convenience store.
Investment real estate in The Lakes
Originally, the neighbourhood was conceived as a rental community. However, the demand for villas was so high that they were eventually put up for sale. Property in The Lakes for investment and living has the following return on investment:
- 3 bedrooms: 6.6%;
- 4 bedrooms: 4.32%;
- 5 bedrooms: 4.07%;
- 6 bedrooms: 4.3%.
Real estate for sale in The Lakes goes up in price every year, making the area an excellent choice when it comes to investing personal funds. This property in Dubai can be purchased as a rental or profitably resold later. Homes in this neighbourhood are in demand among both locals and expats.
Another undeniable advantage of this place is that it is a freehold area. This means that non-residents can purchase property here in private ownership without any restrictions. Buying property in The Lakes for foreigners secures a residence visa.
It is profitable to buy property in The Lakes
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