Jumeirah Lake Towers
Jumeirah Lake Towers (JLT) is a pedestrian-friendly, skyscraper community in Dubai, offering luxury residences, retail, and offices around scenic lakes. With excellent transport links, it's affordable to buy or rent, making it a top choice for invest
Project Overview
Situated across the world-class Dubai Marina, Jumeirah Lakes Towers is another gem in the southern part of Dubai characterized by high-rise buildings stunningly spread around man-made ponds. It is also home to luxurious residences, retail outlets, and offices surrounded by a panoramic waterfront promenade and breathtaking landscapes. What's more, it offers a vast array of dining and shopping options as well as recreation and entertainment opportunities.
"A pedestrian-friendly skyscraper community in Dubai, JLT -named after its lakes - enjoys plenty of amenities and pleasant waterfront promenades. One of the few freehold areas in Dubai, it is a good option for investors. With great transport links, JLT is perfect for those working in other areas"
Why short term let your investment
- Earn far greater revenue than a 12-month tenancy contract.
- No long term 12-month contract to sign with a tenant nor 12 month notice to give for possession.
- Consistent cash flow from rentals rather than waiting for cheques to clear.
- You can stay in the property yourself as well as friends and family.
- Need to sell? not a problem, do viewings in between guest stays.
- Sell as a vacant property so appeals to both investors and end users.
- Growing rate of travelers into Dubai – a full recovery to pre-pandemic levels of 7.5m a month.
Why we like this development
- Directly opposite popular Dubai Marina
- Accessible for pedestrians
- Close to transport links such as the metro
- Affordable to buy and rent
- Branded restaurants & cafes
- Lots of choice with different layouts provided by different developers
Bedroom | Studio | 1 | 2 | 3 | 4 |
|---|---|---|---|---|---|
Transaction Price (Avg.) | 550,000 AED N/A | 825,000 AED N/A | 1,300,000 AED N/A | 1,743,500 AED N/A | 1,800,000 AED N/A |
Long Term Letting Rate (Avg.) | 55,000 AED N/A | 80,000 AED N/A | 120,000 AED N/A | 150,000 AED N/A | 180,000 AED N/A |
Short Term Letting Rate (Avg.) | 92,500 AED
(298.39 /night)
85% Occupancy N/A | 130,000 AED
(419.35 /night)
85% Occupancy N/A | 190,000 AED
(612.90 /night)
85% Occupancy N/A | 230,000 AED
(741.94 /night)
85% Occupancy N/A | 2750,000 AED
(887.10 /night)
85% Occupancy N/A |
Running Costs (Avg.) | 18,500 AED N/A | 26,000 AED N/A | 38,000 AED N/A | 46,000 AED N/A | 55,000 AED N/A |
Long Term - Net Return | 55,000 AED <red>(10.00%)<red> N/A | 80,000 AED <red>(9.70%)<red> N/A | 120,000 AED <red>(9.23%)<red> N/A | 150,000 AED <red>(8.60%)<red> N/A | 180,000 AED <red>(10.00%)<red> N/A |
Short Term - Net Return | 55,000 AED <red>(10.00%)<red> N/A | 152,000 AED <red>(11.69%)<red> N/A | 152,000 AED <red>(11.69%)<red> N/A | 184,000 AED <red>(10.69%)<red> N/A | 220,000 AED <red>(12.22%)<red> N/A |
Short Term vs Long Term - % Yield Difference (-/+) | 35% N/A | 30% N/A | 27% N/A | 23% N/A | 22% N/A |
Disclaimer: The figures given are averages and should be used for guidance purposes only and should not be relied upon as statements or facts.
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