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Jumeirah Lake Towers

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Jumeirah Lake Towers (JLT) is a massive development of 80 towers, situated at the backdrop of three scenic man-made lakes and a number of waterways. Once complete, it will cover a total of 730,000 sq. metres.

Location

The area's location on the Sheikh Zayed Road opposed the Dubai Marina couldn’t be any better. Residents and company owners in JLT have a free access to the major attractions of new Dubai – the Marina JBR, Mall of the Emirates etc., while still being only 20 minutes away from Downtown Dubai. JLT is also situated in close proximity to some of the emirate’s most popular golf courses, including the Emirates Golf Course and the Montgomerie.

Facilities

JLT is a mixed-use commodity with 45 per cent of towers planned for residential use, 21 per cent of buildings planned to be used as offices, and the remaining real estate to host hotels or other mixed-use projects. 

At the heart of JLT, on its own ‘island’ between two lakes stands the area’s main dominant — a 66-storey Almas Tower (Arabic 'Al Mas’ for 'the Diamond') housing Dubai Multi Commodities Centre (DMCC) head office, as well as Dubai Diamond Exchange. The basement of the tower houses the main diamond vault. And Jumeirah Lake Towers itself is basically an integral part of a large DMCC free zone.

In terms of community development JLT has its own dedicated supermarkets, a range of eateries, spas and a wide range of other retail businesses spread across the various towers. The Bonnington Hotel, for one, has become a popular nightspot. It also includes 6 healthcare facilities, namely 4 medical centers, a diagnostic clinic, plus a hospital. Education in the area is presented by two international Universities offering Bachelor, Masters and MBA programs.

Real Estate

Affordable rents and a waterfront promenade with a host of restaurant options have made JLT a popular destination for working couples and singletons. Residential developments in JLT offer a wide range of various accommodation options, from studios to two-level penthouses, to suit all tastes, and at a very attractive price. 

The demand for office spaces in the area is also quite substantial. The average offices floor area here ranges between 860 and 10,700 square feet, while office rents are significantly lower than in other city business locations.

Retail spaces are also available in the ground floors and podium levels of the towers intended to house shops, restaurants, hair salons and other small to mid-sized businesses. These are usually brand new, light-filled high-quality facilities with all necessary utilities in place. The average psf cost of ready-to-move-in retail units is much higher, but lease opportunities guarantee higher rental yields and the best ROI.

1,135,000
Ref.No: imex-5095297
Studio Apt
0 ft2
0 AED/ft2
SALE
470,000
Ref.No: imex-6310415
Studio Apt
360 ft2
1,305 AED/ft2
1,871,828
Ref.No: imex-4466240
1BR Apt
1,037 ft2
1,805 AED/ft2
Floor: 20
RENT
47,000 / year
Ref.No: imex-2248187
Studio Apt
484 ft2
97 AED/ft2
Floor: 6
RENT
60,000 / year
Ref.No: imex-351345
Studio Apt
450 ft2
133 AED/ft2
RENT
85,000 / year
Ref.No: imex-332259
1BR Apt
839 ft2
101 AED/ft2
LEASED
70,000 / year
Ref.No: imex-280266
Office
729 ft2
96 AED/ft2
RENT
65,000 / year
Ref.No: imex-244469
Studio Apt
578 ft2
112 AED/ft2
LEASED
135,000 / year
Ref.No: imex-227950
2BR Apt
1,475 ft2
92 AED/ft2
LEASED
130,000 / year
Ref.No: imex-174892
Office
1,762 ft2
74 AED/ft2
SALE
531,050
Ref.No: imex-131126
Office
817 ft2
650 AED/ft2
RENT
68,000 / year
Ref.No: OFR1653
Office
865 ft2
79 AED/ft2
RENT
58,500 / year
Ref.No: OF662
Office
1,300 ft2
45 AED/ft2
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Call management
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Lease process (Rent out)
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership
Ad placement

1 day

Ad placement:
  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.
Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the seller:

None

Additional services:

Property management

Lease process (Rent)
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.
Real estate search.

Up to 5 days

Real estate search.

Selection of optimal options.

Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the lessee:

-5% agency commission of the annual contract price

Additional services:

None

Purchase process
Contract of the tenant and agency.

1 hour

Contract of the tenant and agency.
Property Selection

~ 2 weeks secondary

~ 3 weeks new building

Property Selection

Selection of optimal options

Registration of the contract of purchase / sale

1 Week

Registration of the contract of purchase / sale
Customer charges:
  • 2% from purchase at transaction
  • 4% - registration of the transaction at registration
Additional services:

Property management

Sales Process
Contract of the lessee and agency.

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership
Ad placement

1 day

Ad placement:
  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.
Signing of the lease agreement

Up to 2 days

Signing of the lease agreement
Expenses of the seller:

None

Additional services:

None

the management process
Contract of the owner and agency

1 hour

Contract of the owner and agency
Rendering of management services

1 year

Rendering of management services
Reporting

1 day

Reporting
Expenses of the owner:

5% of the annual rental price

Additional services:

None

Investment Process
Contract of the tenant and agency.

1 hour

Contract of the tenant and agency.
Selection of optimal investment options

From 3 days

Selection of optimal investment options
Registration of the contract of purchase / sale

1 Week

Registration of the contract of purchase / sale
Expenses of the investor:
  • 2% when investing in the secondary market
  • 0% when investing in a new building
  • 4% - registration
Additional services:

Property management