Area blog: Jumeirah Lake Towers

Jumeirah Lake Towers (JLT) is a fantastic community with attractive returns in Dubai. This area appeals to expats and tourists who prefer to stay near the beach, making Jumeirah Lake Towers an investment opportunity targeting multiple demographics.

General Information

Jumeirah Lake Towers (JLT) is an attractive residential and business district in Dubai. This neighborhood exudes a tranquil atmosphere and provides residents and visitors with a blend of modern amenities and a convenient location near the beach.

The towers surrounding the artificial lakes create a unique environment. The community is diverse, with people from all around the world, resulting in an interesting mix of restaurants and shops. You’ll find a variety of dining options and local boutiques.

For business activities, JLT is a convenient location with modern office spaces and proximity to business districts like Dubai Media City and Dubai Internet City. Public transportation is easily accessible, providing quick access to other parts of Dubai.

Whether you are looking for a relaxed residential environment, a place to work, or simply want to enjoy the amenities, Jumeirah Lake Towers offers a pleasant lifestyle without the hustle and bustle of the city center. It is a popular choice for people who wish to combine the serenity of the lakes with the modern conveniences of Dubai.

Returns and Appreciation

Returns and appreciation in Jumeirah Lake Towers are favorable. Studios and one-bedroom apartments offer the best ROIs in this region. It is recommended to rent properties for short-term during the high season and long-term during the low season. Studios start at approximately €150,000, and one-bedroom apartments start at around €200,000, depending on the developer.

Off-plan (new construction)

New developments in this region experience an appreciation of approximately 20% to 50% during the construction phase, which often lasts for three years. Short-term net rental returns on the initial investment typically range from 8% to 10%. Following completion, the region experiences an annual appreciation ranging from 5% to 15%.

Existing buildings

Existing structures in this region typically appreciate by 5% to 15% annually. Net rental returns for short-term rentals on the initial investment in existing buildings generally range from 6% to 8%.

Alexandros Georgios | Property consultant

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November 01, 2023