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Lake City Tower, JLT

Lake City Tower, JLT

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Jumeirah Lake Towers (JLT), Cluster D, Dubai

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Strengths

Prime Location

Modern Amenities

Scenic Views

Weakens

Traffic Congestion

High Maintenance Fees

Limited Parking

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Buildign Overview

Summary

  • Lake City Tower is a prominent residential building located in Jumeirah Lake Towers (JLT), a vibrant area known for its stunning lake views and modern architecture.
  • The tower is strategically situated near key amenities such as shopping centers, parks, and dining options, making it an appealing choice for residents.
  • With easy access to major road networks and public transportation options, including the Dubai Metro, residents enjoy convenient connectivity to the rest of the city.

Properties Overview

  • Lake City Tower features a variety of residential units, including studio, 1-bedroom, and 2-bedroom apartments, catering to diverse living preferences.
  • Popular units in the building range from cozy studios starting at competitive rental prices to spacious family-oriented apartments available for sale.
  • Current rental prices range approximately from AED 45,000 to AED 100,000 per year, while purchase prices for apartments typically vary from AED 500,000 to AED 1.5 million.

Market Trends

  • The real estate market in Lake City Tower has seen a steady increase in demand, with rental prices experiencing a rise of about 5% over the past year.
  • Sales trends reflect a growing interest from investors, with anticipated returns on investment (ROI) hovering around 7-8%, making it a lucrative choice for property buyers.
  • Looking ahead, the market is expected to maintain its upward trajectory, driven by continued development in the JLT area and a surge in expatriate relocations.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents benefit from proximity to essential services, including supermarkets, reputable schools, and healthcare facilities such as hospitals and clinics.

Transportation and Accessibility

  • Excellent public transportation links are available, including nearby metro stations and bus routes, providing seamless access to major city areas.
  • Ample parking spaces are available for residents and visitors, enhancing accessibility and convenience.

Lifestyle Amenities

  • Lake City Tower boasts an array of lifestyle amenities, including a well-equipped fitness center, swimming pool, and a variety of restaurants and cafes available within walking distance.

Builing Facilities

  • The building is equipped with modern facilities such as high-speed elevators, 24/7 security services, central air conditioning, and efficient maintenance services to enhance residents' comfort.

Special Services

  • Additional services include concierge support, guest services for visitors, and business center facilities for working professionals seeking convenience.

Planning Your Move or Investment

Floor Plans and Property Types

  • A range of thoughtfully designed floor plans is available, ensuring options for singles, couples, and families according to their lifestyle needs.

Things to Consider

  • Before making a move or investment, consider factors such as budget, property type, access to amenities, and potential ROI to align with personal or financial goals.

Useful FAQs and Support

Events and Building Life

Building Events

  • Lake City Tower fosters a sense of community by hosting regular events, gatherings, and social opportunities for residents to connect and engage with one another.

Community Identity

  • What sets Lake City Tower apart is its contemporary design, exemplary customer service, and striking waterfront views that contribute to a unique living experience.

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Detailed Buiding Insights

1. Family Friendliness

Lake City Tower offers a family-friendly environment with spacious apartments and nearby parks. The community hosts regular family-oriented events, increasing its sense of belonging.

Exceptionally Welcoming

2. Living Options

The tower provides a range of living options, including spacious studios, one, and two-bedroom apartments, appealing to different lifestyle preferences and budgets.

Broadly Diverse

3. Safety And Security

Lake City Tower is equipped with 24/7 security and surveillance systems, alongside a secure access card system, ensuring residents feel safe at all times.

Remarkably Secure

4. Transportation

While the tower has good access to public transportation, including metro stations and bus routes, peak hour traffic can slow down travel times.

Moderately Convenient

5. Amenities And Facilities

Residents enjoy access to a well-equipped gym, swimming pool, children's play area, and multiple retail options nearby, enhancing the overall living experience.

Richly Equipped

6. Cost Of Living

The cost of living is in a reasonable range compared to neighboring areas, providing good value for the high-quality amenities and services offered.

Relatively Balanced

7. Things To Do

The area surrounding Lake City Tower boasts a variety of dining options, shopping centers, and recreational activities, ensuring residents have plenty to explore.

Vibrantly Diverse

8. Noise Levels

Despite being in a vibrant area, the building itself maintains a tranquil atmosphere, with soundproofing measures in place to reduce noise from outside.

Generally Peaceful

9. Pet Friendliness

Lake City Tower is pet-friendly, allowing residents to have pets with certain limitations, and features nearby parks suitable for dog walking.

Warmly Accommodating

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Key Information

Developer: Tiger Properties

Building Type: Residential

Building Age: 16 years(Date of completion: 2008)

Length: 442

Unit Types : Studio, 1 and 2-bedroom apartments

Floors: 36

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

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