When it comes to buying apartments in Dubai, Jumeirah Lake Towers is one of the most desirable options for investors and buyers. The neighbourhood is home to sleek, high-rise towers, which are popular for both residential and commercial purposes, set around a beautiful lake and lush family park. The area also boasts its own free zone, DMCC, and thus, is home to many commercial properties and offices. JLT’s strategic location off Sheikh Zayed Road, and near leisure and commercial hubs such as Dubai Marina, JBR and Barsha Heights also adds to its appeal. For those looking at apartments for sale in JLT, the area has a massive portfolio of properties to cater to all budgets. Today, we discuss some of the most popular buildings to buy apartments in JLT, as well as average prices, amenities and features available.
WHY CONSIDER BUYING APARTMENTS IN JLT?
Jumeirah Lake Towers offers great rental returns for investors, with the average ROI reaching 7.9%, according to Bayut’s end-of-year Dubai property market report for 2019.
JLT also offers a variety of choices when it comes to the apartments for sale. Buyers can choose between ready and off-plan apartments and select their preferred unit from the various options available including furnished and unfurnished units after looking at the floor plans in JLT. The apartments for sale in Jumeirah Lake Towers are also a good choice for those who want to be in the heart of the city, while still being able to easily access the Expo 2020 site, which is only 20 minutes away by car.
POPULAR BUILDINGS TO BUY APARTMENTS IN JLT
|New Dubai Gate|
According to our data, the New Dubai Gate is the most popular choice to buy apartments in JLT. This is followed by Icon Tower and the off-plan project of Se7en City. Rounding up the top buildings to buy flats in JLT is Green Lakes and Saba Tower.
NEW DUBAI GATE
Developed by Bonyan International Investment Group, New Dubai Gate is most sought-after by those looking to invest in JLT apartments for sale. New Dubai Gate comprises of two residential towers: New Dubai Gate 1, located in Cluster Q and New Dubai Gate 2, located in Cluster A.
With apartments ranging from studios to 3-bedroom flats, New Dubai Gate is ideal for single professionals, couples and families. These apartments come with modern finishing, views of highway, lake or picturesque community as well as shared amenities such as swimming pools, saunas, and jacuzzis. Another advantage of buying apartments in JLT is the proximity to supermarkets, restaurants and salons. New Dubai Gate 1 is also located right next to the JLT public park, which increases its appeal for those keen on investing in JLT.
The prices for studios in New Dubai Gate average at AED 434k while 1-bedroom apartments average at AED 687k. Those looking at larger units can consider the 2-bedroom flats in New Dubai Gate, which have an average price of AED 704k.
Built by Al Mazaya Holding, Icon Tower is another popular option for those interested to buy apartments in JLT. While Icon Tower 1 is located in Cluster M of JLT, while Icon Tower 2 is located in Cluster L. These residential towers in JLT have studios, 1 and 2-bedroom apartments, which feature modern interiors and spacious rooms, while some are also accompanied with lovely views of the lake or the nearby golf course. These flats in JLT for sale also enjoy facilities such as swimming pools and gyms, along with round-the-clock security.
The prices to invest in studio apartments in Icon Tower averages at AED 563k while 1-bedroom apartments in Icon Tower will cost around AED 674k. Meanwhile, 2-bedroom apartments for sale in Icon Tower have an average selling price of AED 891k.
Interested in off-plan apartments for sale in JLT? Located in Cluster Z, the upcoming project Se7en City is gaining popularity with buyers for off-plan flats in JLT, with payment plans available, too. Expected to be completed by Q2 2022, Se7en City is a luxury residential tower that will boast elegant apartments ranging from studios to 3-bedroom units.
Aside from luxurious apartments, Se7en City will also have state-of-the-art amenities such as infinity pools and gymnasiums, along with a sprawling retail mall for the convenience of residents. The apartments for sale in Se7en City also have easy access to Sheikh Zayed Road and will be in close proximity to the lush golf courses at Emirates Hills and Address Montgomerie.
Looking for a JLT studio for sale? The prices to buy studio flats in Se7en City averages at AED 396k, while 1-bedroom flats in Se7en City will cost around AED 711k. Buyers can expect to shell out around AED 963k for 2-bedroom apartments in Se7en City.
Another popular choice for buyers interested in JLT flats for sale, Green Lakes comprises of three sleek towers in Cluster S. Green Lakes is known for its spacious and bright apartments, which have fantastic views of the Dubai Marina skyline and beautiful lake. Those living in these apartments for sale in JLT will enjoy facilities such as swimming pools and gymnasiums, as well as a handy supermarket in the cluster itself. Green Lakes apartments for sale also have the added advantage of being walking distance from the DAMAC Properties Station for the Dubai Metro.
Buyers and investors can find both furnished and unfurnished options among the apartments in Green Lakes. The prices to buy 1-bedroom apartments in Green Lakes Towers average at AED 1.05M. Buyers in search of larger homes can consider the 2-bedroom flats in Green Lakes Towers, which average at AED 1.48M.
Our final mention for the best buildings to buy apartments in JLT includes the high rises of Saba Towers. Comprising two towers located in Cluster Q, Saba Towers offers apartments ranging from studios to 3-bedroom units.
Saba Towers is home to modern and airy apartments with high-quality finishing and multiple floor plans for buyers to choose from. These flats in Jumeirah Lake Towers have parks, pharmacies, grocery markets, laundry services, restaurants and salons located within the cluster, providing a convenient lifestyle for its residents. Aside from being close to the DAMAC Properties Metro Station, there is also a bus station located just outside the cluster.
Looking to buy flats in Saba Tower? Buyers can expect to shell out around AED 595k for studio flats in Saba Tower while 1-bedroom apartments will cost around AED 894k. Those looking to make a bigger investment can expect to pay around AED 1.19M to buy 2-bedroom apartments in Saba Tower.
And that concludes our guide to the best residential buildings in JLT! We hope this article helps you identify the best apartment for you, and make well-informed decisions when it comes to investing in this neighbourhood.
If you’re planning to move to the area, you can also take a look at some of the best buildings to rent apartments in JLT. Tenants can find great rental offers on apartments in JLT, such as properties with free chiller, where the landlord bears the cost of air-conditioning.
Source : https://www.bayut.com
Images : https://www.bayut.com