Jumeirah Lake Towers
Top Projects in Jumeirah Lake Towers
Starting Price: 950 K AED
Developer: Danube Properties
Starting Price: 1.4 Million AED
Developer: MAG Property Development
Starting Price: 1.6 Million AED
Developer: Sobha Group
Starting Price: 750.8k AED
Developer: Ellington Properties
Starting Price: 1.3 Million AED
Developer: Orra DevelopmentÂ
Starting Price: 460k AED
Developer: Seven Tides
Jumeirah Lake Towers (JLT)
Jumeirah Lakes Towers is a residential district near four lakes — one of which was later filled in to create a 55,000 sq. meters grass-lawn park. With its clusters of high-rise, modern towers, residents and tourists embrace its friendly vibe, and it has become a top-rated tourist attraction. Jumeirah Lake Towers (JLT) is located near Dubai Marina.
It is a notable mixed-use community providing both residential and commercial options. Due to its central location and easy access to the city centers, it is a desirable option for families, couples, and singles looking for a balanced lifestyle. It is close to tourist attractions and business centers, which provides an easy personal life-work balance in the demanding city of Dubai.Â
Jumeirah Lake Towers provide plenty of property options, such as studios, apartments, penthouses, and duplexes with astounding views. Due to its spectacular views and waterfront area, it has become a top dining destination in Dubai. Many top restaurants have opened up, and the area has become very lively and a big tourist attraction. The ROI in the area is very high, and investors are very attracted to it. The area is also in high demand for rental options as young families and expats often consider it a prime area due to its central location. The area only requires:
- 10-minute drive to Dubai Marina.
- 25-minute drive to Downtown Dubai.
- 25-minute drive to DXB Airport.
- 30-minute drive to DWC Airport.
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FAQ
Most frequent questions and answers
What is the property market trend in UAE?
The UAE’s real estate sector contributes around 5.5% of the GDP of the country, and it has been on the rise since 2022 as both rental rates and home prices have increased. Dubai’s transaction volume reached its highest level for the first quarter ever observed in the area in the first quarter of 2022.
What are the main types of investment properties in Dubai?
In Dubai, investors can choose between villas, apartments, townhouses, penthouses, duplexes, and plots and lands.
What are the main areas for foreigners to buy property in UAE?
In Dubai, there are specific zones where foreigners can purchase real estate. These locations, such as the Palm Jumeirah, Downtown Dubai, Dubai Marina, Arabian Ranches, and Jumeirah Beach Residence, are decided upon by the Ruler of the Emirate of Dubai.
Can I live in Dubai if I buy a property?
Real estate purchases in Dubai may result in the buyer receiving a residence permit. The property must be finished at the time of purchase and worth at least AED 1 million to qualify for the UAE investor visa program. Dependents may also be sponsored by real estate purchase residence visa holders.
What is the future of real estate in the UAE?
The real estate industry in the UAE is anticipated to increase by 2.97% between 2023 and 2028, reaching a market volume of US$0.80 trillion by that year. The important characteristic that makes the UAE a desirable location for real estate investment is what is driving this expansion.
How to invest in UAE real estate?
Here are some tips to invest in UAE real estate:
- Know About Different Property Types and Their Worth
- Research the Market Status and Risks
- Property Investment in Dubai
- Don’t Sacrifice Location
- Choose Areas with High Rents and Demand
- Spend Time in the Area
- Luxury Property Buyers Should Have Financial Resources
- Investing in Residential Properties Offers Shortcuts for Legal Residency
- Seek Expert Advice When Investing in Dubai Real Estate
Can foreigners invest in real estate in Dubai?
Yes, foreigners are permitted to purchase real estate in the UAE. There are, however, certain geographical limitations. Citizens of the UAE or the Gulf Cooperation Council (GCC) may buy real estate anywhere in Dubai.
Is there a property tax in Dubai?
There is no taxation on owning properties in Dubai.
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