The Lake Terrace Tower Dubai is a contemporary residential tower designed by DAMAC Properties, featuring studio, one-,two-o, and three-bedroom apartments as well as a few duplex apartments. Spacious floor plans, quality finishes, and amenities for a lifestyle have been provided within the building. Residences include a swimming pool, fitness centre, children’s play area, and 24-hour security. Being a blend of modern facilities and well-designed homes, it is a favourite choice among professionals, families, and property investors. This article will discuss the tower, its apartments, its amenities, its rental costs, facilities around the tower, and its investment potential.

Lake Terrace Tower Dubai at a Glance

Where Is Lake Terrace Tower Dubai Located?

Lake Terrace is located in JLT’s most established area, known as JLT Cluster D. The community is situated on Sheikh Zayed Road opposite Dubai Marina, with direct access to Dubai Marina, Dubai Media City, Bur Dubai and Dubai International Financial Centre. 

The fact that it is near the Metro is one of the pros of the building. It is located across from one of JLT’s metro stations, allowing people to easily commute by public transport. 

Nearby landmarks

• DMCC Metro Station
• Almas Tower
• Dubai Marina
• Sheikh Zayed Road
• Bluewaters Island
• Palm Jumeirah
• JBR Beach
• Emirates Golf Club

The residents will also find supermarkets, drug stores, cafés, restaurants, banks, salons and convenience stores within a few minutes’ walk. There are over 500 shops and over 300 restaurants in JLT, making it a very pedestrian-friendly area. 

About the Building

Lake Terrace was completed in 2008 to provide comfortable urban living in one of Dubai’s most popular mixed-use communities. Many apartments have views of one of JLT’s artificial lakes from the vantage point of the tower.

The housing plans feature:

• Studio apartments
• One-bedroom apartments
• Two-bedroom apartments
• Three-bedroom apartments
• Duplex units

The developer emphasizes features such as large windows, ample balconies, and efficient designs. 

Apartment Features

Depending on the unit type, residents will be able to enjoy the following:

Spacious Living Areas

Apartments feature open-plan layouts, which maximise the use of space, with lots of natural light pouring through the big windows.

Private Balconies

Many units feature balconies with a view of:

• Almas East Lake
• JLT skyline
• Dubai Marina skyline
• Community gardens

Modern Kitchens

Fitted kitchens with good cabinets and finishes are a feature of most apartments.

Built-in Wardrobes

Most bedrooms have built-in wardrobes, which increase storage space without sacrificing living space.

Central Air Conditioning

The tower provides centralised cooling for the requirements of the Dubai climate.

Amenities and Facilities

One of the key factors that buyers and tenants are attracted to Lake Terrace is the variety of amenities within the building.

Infinity Swimming Pool

The swimming pool is located on the podium level with a large sun deck for residents to relax all year round. 

Fully Equipped Gym

The fitness center is equipped with up-to-date fitness machines, including strength training and cardio machines.

Health Club

There are also wellness facilities available for residents to use, such as:

• Sauna
• Jacuzzi
• Steam facilities

They include facilities to maintain a healthy lifestyle outside of the building.

Children’s Play Area

Special facilities for young people inside and outside the house are available to families.

BBQ Area

There is a barbecue area for community members and visitors to use outside.

24-Hour Security

Security services include:

• CCTV monitoring
• Controlled building access
• Security personnel
• Maintenance support

Convenience is provided to residents by covered parking and high-speed elevators. 

Lifestyle Around Lake Terrace

Residing in a Lake Terrace apartment is more than just a living space. JLT has now become one of Dubai’s most exciting mixed-use developments.

Residents enjoy:

• Lakeside walking tracks
• Outdoor cafés
• Fitness studios
• Community parks
• Lovely restaurants that offer foreign
• Pet-friendly walking areas
• Retail stores
• Beauty salons

In addition, DMCC has been investing in green space, outdoor fitness facilities, and community events that improve the livability of the area. 

Apartment Types and Floor Plans

Lake Terrace apartment layouts are available in various styles to fit a variety of lifestyles and budgets. Studio, 1 Bedroom, 2 Bedroom, and 3 Bedroom apartments are available within the building, with some limited duplexes available. The spacious living spaces, modern kitchens, built-in wardrobes, large windows, and private balconies overlooking the community, lake, or Dubai skyline are the hallmarks of most apartments. These practical designs make this tower an ideal choice for homeowners and investors alike.

Apartment options include:

• Studio Apartments: Ideal for singles and investors, and open plan, one bathroom, modern kitchen.
• 1 Bedroom Apartments: For couples and professionals, with a separate bedroom, large living room, and private balcony.
• 2-Bedroom Apartments: Best for small families with more space, multiple bathrooms, and additional storage.
• 3 Bedroom Apartments: For larger families, these apartments have large interiors, extra bathrooms, and large balconies.
• Limited Two-Level Homes: Duplex Apartments offer additional space, privacy, and enhanced value.

Transportation and Connectivity

Lake Terrace is one of the best places to live in California because of its transport network.

Dubai Metro

The tower is just a 4- to 5-minute stroll away from the DMCC Metro Station, where one can access Dubai’s main destinations by the Red Line. This is especially helpful for those who work in Dubai International Airport, Downtown Dubai, DIFC, and Business Bay. 

Bus Services

The RTA bus service also runs from the close vicinity of the DMCC Metro Station Bus Stop to JLT and the surrounding areas.

Road Access

The driver has fast connections to the major highways, such as:

• This is Sheikh Zayed Road (E11).
• The first Al Khail Street.

These will offer easy access to:

• Dubai Marina
• Palm Jumeirah
• Jebel Ali
• Business Bay
• Downtown Dubai
• Dubai International Airport

Schools Near Lake Terrace

JLT is a residential and business area, but there are several good schools within a short drive.

Popular options include:

There are also local nurseries for families with younger children that can be selected, including:

• Kids Kare Nursery
• Paddington Nursery
• Rainbow Valley Nursery

These schools use a British curriculum, an IB curriculum, and other internationally recognized curricula.

Healthcare Facilities Nearby

Residents can access a range of health care providers within walking distance, or in the nearby communities.

There are some local clinics available, including:

• Total Health Clinic
• Kaya Skin Clinic
• Hey Dental
• European Vascular Clinic
• Pure Chiropractic & Physiotherapy

Residents can access hospitals like Mediclinic Meadows, Al Zahra Hospital, and Saudi German Hospital with a few minutes’ drive. 

Shopping and Dining

Retailing is available in and around the building, making purchases of daily essentials easy.

Supermarkets

Grocery stores within proximity:

• Carrefour Market
• Spinneys
• Park n Shop
• Lots of shops and restaurants

The stores make living day-to-day convenient for locals. 

Restaurants and Cafés

JLT has grown into one of Dubai’s most diverse restaurant scenes. In just a few minutes’ stroll from Lake Terrace, residents can enjoy:

• Saigon Restaurant
• Truck Adda
• Kcal Healthy Restaurant
• Pasta2go
• Streetery Food Hall
• Delhi Darbar
• Greek & Delicious
• Chettinad House Restaurant

JLT’s lifestyle is further enhanced by cafés and bakeries, dessert shops, and international cuisine in the surrounding community.

Investment Potential

The combination of a well-established, mature community and central location makes the Lake Terrace community a popular choice for end-users and investors alike.

The strengths of their investments consist of:

• The Transco Sale has been completed, with eligible buyers now enjoying freehold ownership.
• Regular rental demand from professionals in the DMCC Free Zone and other business hubs around the zone
• Within walking distance of the metro
• Competitive pricing when compared to neighbouring Dubai Marina.
• Comprehensive lifestyle amenities

The property’s wide appeal to long-term investors is reflected in its strong tenant demand and high rental yields, such as those of established residential towers like Lake Terrace, which are recognised by the wider JLT community. Based on market data, JLT is likely to achieve gross rental yields of 6–8%; however, this figure varies with unit size, condition, purchase price and market conditions.

Average Annual Rental Prices

They charge different rates for the different sizes of apartments, floor levels, furnishings, views, and condition of the apartments in Lake Terrace. Based on recent listings and market data in The Bayut, the following is the average annual rent:

Note: These are the average asking rents and are subject to change based on market conditions, apartment size, furnishings, and lease terms. Be sure to review the newest listings before deciding to rent.

Who Should Consider Living in Lake Terrace?

Lake Terrace is ideal for:

• Commercial employees in the fields of DMCC, Dubai Marina, Media City, or Jebel Ali.
• Couples looking for a convenient place with metro services.
• Families seeking large housing units and close to schools.
• Rental demand has been stable, attracting investors.
• If buyers are seeking a freehold property in a built-up Dubai community, 

It is a popular place to live due to its connectivity, amenities, and proximity to retail and dining options. 

Pros and Cons of Living in Lake Terrace

Each residential tower has its pros and cons. It can assist buyers and tenants in determining if Lake Terrace is a good choice for them.

Advantages

Prime JLT Location

The tower is located in Cluster D, which puts residents within walking distance of the DMCC Metro Station, retail stores, restaurants, and offices. The centrality minimizes travel time and makes life in the city more convenient. 

Excellent Community Amenities

The community offers amenities for comfort and well-being such as:

• Infinity swimming pool
• Modern gym
• Sauna and steam room
• Jacuzzi
• Children’s play area
• BBQ area
• Covered parking
• 24-hour security

These are all features that enhance the home and the lives of the people who reside in the property.

Strong Rental Demand

Jumeirah Lakes Towers remains the draw card for professionals from the surrounding business districts like Dubai Marina, Jebel Ali, Dubai Internet City and DMCC. This consistent demand keeps the occupancy level high and provides investment opportunities. 

Walkable Lifestyle

A major strength of JLT is its pedestrian-friendly design. A walkable area to:

• Supermarkets
• Pharmacies
• Cafés
• Fitness centres
• Beauty salons
• Parks
• Banks
• Metro station

This decreases the amount of daily vehicle transportation.

Things to Consider

While there are many advantages to Lake Terrace, there are a few things that home buyers should also take into account.

Peak-Hour Traffic

The mornings and evenings in Dubai near JLT and Sheikh Zayed Road can get very busy, as it does in many popular spots around Dubai. Many commuters prefer the metro route to travel.

Older Building Compared With New Developments

Lake Terrace is one of Dubai’s newly launched residential towers but is older than others, having opened in 2008. Some apartments are individually renovated by apartment owners, but the interior of some units may be different. Before buying or renting a property, it is recommended to see it beforehand.

Service Charges for Owners

Freehold apartment owners have to pay service charges each year that pay for the maintenance of the building, the security services, and other running costs of the building. These charges are dependent on the size of the apartment and the rates of the service charge which have been approved for the building.

Buying vs Renting

It depends on your long-term goals whether you are buying or renting.

Buying May Be Suitable If You:

• Plans are to stay in Dubai for the next few years.
• Desire to construct a property worth.Desire to create house equity.
• Are looking for long-term rental profits.
• Like to have a home in an established freehold neighborhood.

Renting May Be Better If You:

• Have recently moved to Dubai.
• Have a flexible schedule because of work.
• Interested in living in various neighbourhoods before purchase.
• Understand that ownership costs, like service charges, can be avoided.

Dubai’s real estate market has its share of buyers and renters, so it is important to consider the state of the market and your financial goals before deciding.

Tips Before Choosing an Apartment

When you are thinking about signing a contract to rent a unit or buying a unit, think about the following issues:

• If you pick up some of the items, visit the apartment at different times of the day.
• Inspect kitchens, bathrooms, and balconies.
• Inquire about service fees or maintenance fees.
• Check that there is a set amount of parking available.
• Discuss the rules for pets and renovations at the building.
• Compare multiple units, as layouts and upgrades may differ.

These steps can assist you in finding a home that fulfills your requirements and budget.

Final Thoughts

Located in one of Dubai’s mature residential areas, Lake Terrace offers all these benefits with a strategic location, sensible apartment design, and an abundance of facilities. It plays a significant role in Jumeirah Lakes Towers, where its proximity to the metro and prime business districts appeals to both professionals and families, as well as investors.

The easy access to shopping, dining, healthcare, schools, and recreational facilities provides residents with a convenient and comfortable lifestyle, while the well-being amenities and lake view of the tower enhance the urban environment. The ongoing demand for JLT’s rentals further bolsters the building’s investment appeal for investors.

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Frequently Asked Questions

Is Lake Terrace a freehold building?

Yes. Lake Terrace is set in a residential Freehold area, namely Jumeirah Lakes Towers (JLT), where eligible individuals can purchase residential property. 

How far is the metro station from Lake Terrace?

The tower’s other major benefits for commuters are the proximity of the DMCC Metro Station, which is about 4–5 minutes’ walk from the tower. 

What types of apartments are available?

Studio, one-bedroom, two-bedroom, three-bedroom apartments, and a selection of duplex units are available in the tower.

Is Lake Terrace suitable for families?

Yes. Spacious apartments, children’s play areas, schools, supermarkets, healthcare facilities, and parks are all available within the JLT community, benefiting families.

Does the building have parking?

Yes. Residents have covered parking and visitor parking in designated areas subject to community regulations.

Are pets allowed?

JLT is considered a pet-friendly community in general. However, residents need to check the current building management policies and tenancy agreements for any individual building rules on pets.