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Lake Central, Business Bay

Lake Central, Business Bay

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Business Bay, Dubai

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Strengths

Prime Location

Modern Architecture

Amenities and Services

Weakens

High Demand

Pricing

Traffic Congestion

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Buildign Overview

Summary

  • Lake Central in Business Bay is a modern architectural marvel that blends luxury living with commercial convenience.
  • Located in one of Dubai's prime business districts, it offers easy access to major roads and public transportation.
  • The building is in close proximity to popular landmarks like the Burj Khalifa, Dubai Mall, and the Dubai Water Canal.

Properties Overview

  • Lake Central features a range of properties, including upscale apartments available for both rent and sale.
  • Most sought-after units include spacious one- and two-bedroom apartments with contemporary finishes.
  • Rental prices typically range from AED 80,000 to AED 160,000 per year, while sales prices can vary from AED 1.2 million to AED 2.5 million.

Market Trends

  • The real estate market in Business Bay has seen steady growth, with an average rental yield of 6-7%.
  • Sales prices have increased by approximately 4% over the past year, indicating a positive trend in property investments.
  • Experts predict demand will remain strong due to continued infrastructural developments and economic growth in the area.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents enjoy access to nearby supermarkets, international schools, and healthcare facilities, including hospitals and clinics.
  • Essentials are just a short drive away, with popular supermarkets and recreational areas enhancing the living experience.

Transportation and Accessibility

  • Exceptional public transportation options, including the Dubai Metro and bus services, facilitate easy commuting.
  • The building also provides ample parking spots for residents and guests, ensuring convenience.

Lifestyle Amenities

  • Residents can indulge in a variety of lifestyle amenities, including state-of-the-art gyms, swimming pools, and parks.
  • Fine dining restaurants, cafes, and hotels in the vicinity add to the vibrant lifestyle.

Builing Facilities

  • Lake Central is equipped with modern elevators, 24/7 security services, and centralized air conditioning.
  • Maintenance services are prompt and professional, ensuring a hassle-free living experience.

Special Services

  • Additional offerings include concierge services, business centers, and guest services that elevate the living experience.
  • Unique amenities such as a rooftop lounge provide residents with exclusive relaxation and socializing spaces.

Planning Your Move or Investment

Floor Plans and Property Types

  • The building presents various floor plans designed to accommodate different lifestyles, from compact studios to spacious family apartments.
  • Potential buyers and renters have plenty of options to choose from based on their individual preferences.

Things to Consider

  • Before moving or investing, consider factors like proximity to work, amenities, and long-term investment potential.
  • Financial planning, such as understanding payment structures and possible maintenance fees, is crucial.

Useful FAQs and Support

Events and Building Life

Building Events

  • Lake Central hosts regular community events and gatherings, fostering a vibrant social atmosphere among residents.
  • Networking events and recreational activities are often organized to encourage community building.

Community Identity

  • The building is recognized for its modern design and prime location, making it a desirable choice for professionals and families alike.
  • Cultural elements and artistic installations within the property contribute to its unique identity in the Business Bay landscape.

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Detailed Buiding Insights

1. Family Friendliness

Lake Central offers numerous family-friendly amenities, including parks, playgrounds, and educational facilities nearby. The community is designed with families in mind, providing a safe and engaging environment for children.

Exceptionally Welcoming

2. Living Options

The area features a range of housing options, from luxury apartments to more affordable options, catering to different family sizes and budgets. This diversity allows residents to find suitable living arrangements that match their needs.

Broadly Diverse

3. Safety And Security

Lake Central is equipped with state-of-the-art security systems, including 24/7 surveillance and controlled access to residential areas, contributing to a strong sense of safety among residents.

Remarkably Secure

4. Transportation

Excellent connectivity through public transportation, including metro stations and bus routes, makes commuting simple. Proximity to major highways further enhances accessibility to other parts of Dubai.

Highly Convenient

5. Amenities And Facilities

The community boasts a wide range of amenities, including swimming pools, gyms, and shopping centers. Living in Lake Central means having access to everything you need within a short distance.

Richly Equipped

6. Cost Of Living

While housing prices in Business Bay can be on the higher side, the overall cost of living remains manageable due to competitive pricing on groceries and services, making it suitable for different income levels.

Relatively Balanced

7. Things To Do

Residents can enjoy various leisure activities, including cultural sites, fine dining, and recreational facilities, ensuring there's always something to do, catering to varied interests.

Vibrantly Diverse

8. Noise Levels

Due to the bustling environment of Business Bay, noise levels can be higher during certain hours. However, many apartments are designed with soundproofing, helping to mitigate disturbances.

Occasionally Noisy

9. Pet Friendliness

The community is pet-friendly, with parks and open areas where pets can roam and socialize. Many residential buildings also allow pets, making it a great place for pet owners.

Warmly Accommodating

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Key Information

Developer: Fakhruddin Properties

Building Type: Commercial

Building Age: 12 years(completed in 2012)

Unit Types : Offices and shops

Floors: 23

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

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