Jumeirah Lake Towers (JLT) is a large mixed-use development located in the heart of Dubai, United Arab Emirates. It is a master-planned development that consists of 80 high-rise towers, a cluster of man-made lakes, and several commercial and residential buildings. The development is designed to offer residents and visitors a high-quality lifestyle, with its focus on modern living and state-of-the-art facilities.
The area has been developed over the last two decades and has become a prominent location for living, working and entertainment.
Key Facts
- Jumeirah Lakes Towers (JLT) is a mixed-use development located in the heart of New Dubai, close to Dubai Marina.
- The development consists of 80 towers, divided into 26 clusters.
- The community offers residential, commercial, and retail properties, with over 5000 companies operating within the area.
- JLT features a number of amenities including parks, running tracks, restaurants, cafes, supermarkets, and shops.
- The community is known for its scenic views of two championship golf courses, lakes, and Dubai Marina skyline.
- Public transportation is easily accessible, with two metro stations and bus services connecting JLT to the rest of Dubai.
Buying Real Estate in the area
One of the key benefits of investing in Jumeirah Lake Towers is its central location, which offers easy access to major business districts, shopping malls, and entertainment centers. The area is also home to several international schools and healthcare facilities. Additionally, there is a high demand for rental properties in JLT, making it a profitable investment for investors.
However, the area has seen an oversupply of residential properties, which has resulted in declining rental rates and sales prices. The development is also subject to ongoing construction, which may affect the quality of life for residents.
Some of the most popular areas for buying property in Jumeirah Lake Towers include Cluster A, B and C, which offer a range of high-quality apartments and villas with views of the lakes.
The average price for a one-bedroom apartment in JLT is approximately AED 750,000, while a two-bedroom apartment is around AED 1.2 million. Villas and townhouses are available at higher prices. The real estate market in JLT has been impacted by oversupply and declining demand, resulting in a decrease in prices.
There are several ongoing and upcoming projects in JLT, including the construction of new residential and commercial buildings, as well as public parks and green spaces. This is expected to add to the overall value and appeal of the area.
Rental Trends and Prices
Jumeirah Lake Towers has a diverse range of properties available for rent, including studio apartments, 1 to 4 bedroom apartments, and townhouses. Rental prices in the area vary based on the size, location, and type of property. As of 2021, the average annual rent for a studio apartment is around AED 45,000 to AED 60,000. For 1-bedroom apartments, the average rent is around AED 55,000 to AED 85,000, while 2-bedroom apartments can range from AED 85,000 to AED 130,000 per year.
For those looking for larger properties, 3-bedroom apartments in Jumeirah Lake Towers can cost between AED 120,000 and AED 200,000 per year. Townhouses in the area can range from AED 150,000 to AED 250,000 annually.
The best areas for renting in Jumeirah Lake Towers are clusters A, B, and C, which are located closer to the Dubai Metro stations and offer a variety of amenities and dining options.
Rental trends and projections indicate that the rental market in Jumeirah Lake Towers is expected to remain stable in the near future.
Transportation Availability
Jumeirah Lake Towers is well-connected to the rest of Dubai through multiple modes of transportation, including the Dubai Metro, bus services, taxis, and private cars. The Dubai Metro’s Red Line passes through the area, with two stations — Jumeirah Lake Towers and Dubai Marina — serving the community. There are also several bus stops within the community, providing easy access to other parts of Dubai.
Jumeirah Lake Towers is located approximately 20-25 minutes away from Dubai International Airport by car. Major landmarks and attractions in the city, such as the Dubai Mall, Burj Khalifa, and Palm Jumeirah, are easily accessible from Jumeirah Lake Towers.
Future transportation plans for the area include the construction of the Dubai Tram’s Red Line extension, which will connect Jumeirah Lake Towers with the Dubai Metro’s Green Line and the Expo 2020 site.
Amenities, Schools, and Healthcare
Jumeirah Lake Towers offers a wide range of amenities, including supermarkets, restaurants, cafes, and other retail options. The area is home to the popular Dubai Marina Mall, which features a variety of high-end fashion and lifestyle brands.
Several reputable schools are located in and around Jumeirah Lake Towers, including Dubai British School, Emirates International School, and Dubai International Academy. Healthcare facilities in the area include clinics and hospitals such as Mediclinic Meadows and Emirates Hospital Clinic.
Shopping, Dining, and Nightlife
Jumeirah Lake Towers offers a wide variety of shopping, dining, and entertainment options. The area is home to several shopping centers, including the Dubai Marina Mall and the Ibn Battuta Mall. These malls offer a range of high-end and affordable stores, as well as restaurants and cafes.
For dining, residents can enjoy a diverse range of cuisines, from Middle Eastern to Asian to Western. Some popular restaurants in the area include The Cheesecake Factory, Nando’s, Wagamama, and Brothaus Bakery.
In terms of nightlife, Jumeirah Lake Towers has a thriving bar and nightclub scene. Some popular venues include Lock Stock & Barrel, McGettigan’s, and Stereo Arcade. The area also has a number of rooftop bars and lounges with stunning views of the Dubai skyline.
Beaches Near the area
Jumeirah Lake Towers is located near some of the best beaches in Dubai. The most popular beaches in the area are Jumeirah Beach and the public beach at Dubai Marina. Both beaches offer pristine white sand, crystal-clear water, and plenty of facilities for visitors.
Jumeirah Beach also features a range of water sports and activities, including jet skiing, parasailing, and banana boat rides. For those who prefer a quieter beach experience, the nearby JBR Beach offers a more relaxed atmosphere.
Leisure Activities and Notable Landmarks
Jumeirah Lake Towers is home to several notable landmarks and attractions. The area is located near the famous Palm Jumeirah, an artificial island that is home to luxurious resorts and hotels, as well as the iconic Atlantis, The Palm.
Other popular attractions in the area include the Dubai Marina Yacht Club, the Dubai Marina Walk, and the Dubai Eye, a giant Ferris wheel that offers stunning views of the city skyline.
For outdoor activities, residents can enjoy a range of options, including parks, walking and cycling trails, and golf courses. Some popular parks in the area include the Emirates Golf Club, the JLT Park, and the Dubai Miracle Garden, a stunning floral display that is open from November to May.
Outdoor Activities, Fitness, and Beauty
Jumeirah Lake Towers offers a range of fitness and wellness options for its residents. There are several gyms and fitness centers in the area, such as Fitness First, Fidelity Fitness Club, and GymNation. Many of these facilities offer group classes, personal training sessions, and state-of-the-art equipment. In addition to fitness centers, there are also plenty of outdoor activities available in Jumeirah Lake Towers. Residents can enjoy a leisurely stroll or jog around the scenic lakes or take advantage of the various parks and green spaces in the area. There are also plenty of sports facilities nearby, including golf courses, tennis courts, and football fields. For those looking for beauty and wellness services, there are several salons and spas in the area that offer a range of treatments and services.
Nearby Communities
Jumeirah Lake Towers is located in close proximity to several other popular areas in Dubai, such as Dubai Marina, Jumeirah Beach Residence, and Emirates Hills. These communities offer a range of amenities, attractions, and activities for residents to enjoy. There are also several transportation options available for those looking to explore other areas of the city, including the Dubai Metro, taxis, and buses.
Conclusion
Overall, Jumeirah Lake Towers is a vibrant and dynamic area of Dubai that offers a range of amenities, attractions, and activities for residents to enjoy. With its prime location, high-quality real estate options, and abundance of amenities, Jumeirah Lake Towers is an ideal place to live or invest in. The area is popular with young professionals and families alike, and offers a diverse and multicultural community. Whether you’re looking for a place to call home or a sound investment opportunity, Jumeirah Lake Towers is definitely worth considering.
