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Lake Point Tower, JLT

Lake Point Tower, JLT

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Jumeirah Lake Towers (JLT), Cluster D, Dubai

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Strengths

Scenic Views

Prime Location

Modern Amenities

Weakens

Traffic Congestion

Noise Levels

Limited Parking

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Buildign Overview

Summary

  • Lake Point Tower is a prominent residential skyscraper located in the Jumeirah Lake Towers (JLT) community, known for its modern architecture and picturesque lake views.
  • The tower is strategically situated near major facilities, including retail outlets, dining options, and recreational areas, making it a vibrant place to live.
  • It is well-connected to public transport, including the Dubai Metro, enabling easy access to other parts of Dubai.
  • Surrounding the building are various landmarks and attractions, including parks, shopping malls, and business hubs, enhancing its appeal.

Properties Overview

  • The Lake Point Tower features a mix of studio, one, two, and three-bedroom apartments, catering to a diverse range of tenants and buyers.
  • Rental prices typically range from AED 45,000 to AED 130,000 annually, depending on the size and type of unit.
  • For sale properties, prices can range from AED 600,000 for studios to AED 2.5 million for larger apartments, with many units boasting stunning lake views.

Market Trends

  • Over the past year, rental prices in Lake Point Tower have shown a moderate increase, reflecting a growing demand for quality housing in JLT.
  • Sales trends indicate a steady rise in property values, making it a favorable option for both investors and first-time buyers.
  • The return on investment (ROI) for rental properties in JLT averages around 6-8%, making it an attractive prospect for investors.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents benefit from nearby supermarkets, schools, healthcare facilities, including hospitals and clinics, ensuring everyday convenience.
  • Several quality educational institutions are located within a short distance, suitable for families with children.

Transportation and Accessibility

  • The JLT area offers excellent public transport links, including the Dubai Metro and RTA bus services, facilitating easy commutes.
  • Numerous parking spaces are available for residents and visitors, enhancing accessibility to the building.

Lifestyle Amenities

  • Lake Point Tower boasts various lifestyle amenities, including fitness centers, swimming pools, and community parks.
  • The neighborhood features a range of restaurants, cafes, and entertainment options, catering to various tastes and lifestyles.

Builing Facilities

  • The tower is equipped with modern facilities such as high-speed elevators, 24-hour security, central air conditioning, and maintenance services.
  • Additional services include clean and well-maintained communal areas, enhancing the living experience.

Special Services

  • Residents enjoy unique amenities, including concierge services, a business center, and professional guest services.
  • The building hosts community gatherings and events, fostering a welcoming atmosphere.

Planning Your Move or Investment

Floor Plans and Property Types

  • Lake Point Tower offers diverse floor plans designed to suit different lifestyles, with options for both short-term rentals and long-term investment.

Things to Consider

  • Potential tenants and buyers should review factors such as location, amenities, pricing, and building reputation before making a decision.

Useful FAQs and Support

Events and Building Life

Building Events

  • Lake Point Tower organizes various events, including seasonal celebrations and social gatherings, encouraging a sense of community among residents.

Community Identity

  • The building is recognized for its distinctive architecture and vibrant community culture, fostering a unique living environment.

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Detailed Buiding Insights

1. Family Friendliness

Lake Point Tower offers spacious apartments and family-friendly amenities such as swimming pools and playgrounds, making it an ideal place for families.

Exceptionally Welcoming

2. Living Options

The community features a variety of living options including studios, 1-bedroom, and larger family apartments, catering to different needs and preferences.

Broadly Diverse

3. Safety And Security

The tower has 24/7 security personnel and CCTV surveillance, contributing to a reassuring sense of safety for residents.

Remarkably Secure

4. Transportation

While there are good public transport links nearby, access to major roads can be congested during peak hours.

Moderately Convenient

5. Amenities And Facilities

Residents enjoy access to a gym, swimming pool, and communal areas, enhancing the living experience with plenty of leisure options.

Richly Equipped

6. Cost Of Living

Living costs in Lake Point Tower are reasonable for the quality offered, making it accessible without compromising on comfort.

Relatively Balanced

7. Things To Do

The surrounding area is filled with restaurants, cafes, and parks, providing residents with a variety of entertainment and recreational options.

Vibrantly Diverse

8. Noise Levels

Despite its proximity to busy areas, the building design and layout ensure that noise levels are kept low, promoting a calm living environment.

Generally Peaceful

9. Pet Friendliness

Lake Point Tower welcomes pets, with several pet-friendly amenities and green spaces available for walks and activities.

Warmly Accommodating

Price Insights

Average Prices
This data displayed is based on properystellar last 12 months data.
Name Type Avg. Price (AED / year)
apartment (1Beds)
Rent
66.2K AED
apartment (2Beds)
Rent
97.5K AED
apartment (3Beds)
Rent
146.2K AED
apartment (1Beds)
Sale
799K AED
apartment (2Beds)
Sale
1.3M AED
apartment (3Beds)
Sale
1.8M AED

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Key Information

Buy: 695K AED - 2.3M AED

Rent: 17.6K AED - 210K AED

Developer: Gulf General Investments Company

Building Type: Residential

Building Age: 16 years(completed in 2008)

Length: 414

Unit Types : Studio, 1 and 2 and 3-bedroom apartments

Floors: 45

Community Insights
Mostly apartments | Luxury | Well connected
Lowest: 135K - 260K AED/year

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