Jumeirah Lake Towers (JLT) is one of the largest groundbreaking developments in Dubai, UAE. The vibrant community consists of several residential and commercial towers constructed in the form of clusters among manmade lakes. Whether being completed or under construction, most of the towers consist of 35-45 levels except for its centerpiece, the “Almas Tower” that possess 66 floors. High rise towers are constructed to make 26 clusters that are named from A to Z, whereas individual towers within the clusters are numbered officially like 1, 2 and 3 with their official names as well.
Where it is located?
Located by Sheikh Zayed Road, the extravagant neighbourhood of sparkling skyscrapers is difficult to ignore. Closely located with bustling Dubai Marina, the north and south parts of this prestigious community are served by two Metro stations JLT and Dubai Marina. Residents can enjoy car free entry to the Mall of Emirates, airport, old Dubai, JBR beach side and Ibn Battuta Mall.
How JLT manages to offer luxury at affordable price?
Despite being located next to Palm Jumeirah, the project is listed among the less-expensive residential communities. Common life style amenities include purposefully constructed retail, dining and recreational areas like green parks, walkways, jogging and cycling tracks. Master developer, particularly focuses to provide all necessities of modern lifestyle anyone can think of; these include state-of-the-art branches of supermarket brands, travel agents, gym, beauty salon, laundry services, pharmacies and medical centers. Such outlets are usually located at tower podiums. Handy access to lifestyle amenities, good connectivity with leading malls coupled with well-constructed lodging and commercial units facilitate JLT to offer luxury standard of living to its residents at affordable prices. You can choose to buy or rent property in Jumeirah Lake Towers at reasonable rates.
Property type can decide prices
As one can see JLT is all about living in a high-rise tower. The project doesn’t have villas and townhouses to accommodate larger families. Apartment units range from spacious studios to three bedroom units. The smaller sizes as compared to standard family homes make the property less expensive in this neighbourhood. Small and nuclear families love to rent or buy a lodging unit in communities offering sufficient living space, good transport and community facilities at their doorstep.
Economic entitlement can also affect price
Having been entitled as a freezone, JLT has become an allure for foreign entrepreneurs seeking to start up their business setup with low capital amount. As they don’t need to pay any taxes and custom duties, they prefer to establish their corporate office in the neighbourhood. Even multinationals are considering opening their offices in such projects to reduce their total expenses.
Easy access to community amenities
The presence of modern lifestyle amenities within the community doesn’t demand residents to spend a lot on long commutes to access lifestyle and workplace. As JLT paid special attention to provide primary necessities from retail, health, fitness and education to dining and entertainment options within the reach. This has significantly reduced the cost of living in the neighbourhood.
Summary: Jumeirah Lake Towers is a well-balanced mixed use development, perfectly offering the true ambience of luxury lifestyle. The community offers comfortable accommodation units and well-constructed office units for rent and sale with freehold entitlements to attract foreign investors, expats and second home seekers.