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Lake Shore Tower, JLT

Lake Shore Tower, JLT

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Strengths

Prime Location

Modern Amenities

Scenic Views

Weakens

Traffic Congestion

Limited Parking Space

High Maintenance Fees

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Description

Lake Shore Tower, JLT

Real Estate Overview

Building Overview

  • Lake Shore Tower is a prominent residential skyscraper located in the vibrant Jumeirah Lake Towers (JLT) community.
  • This striking building is positioned close to several essential amenities, including parks, retail outlets, and dining establishments.
  • Excellent public transport connectivity enhances its appeal, making it easier for residents to access the wider city.
  • In comparison to other nearby towers such as MIX Tower and HDS Tower, Lake Shore Tower stands out due to its unique design and comprehensive amenities.

Properties Overview

  • The building features a mix of residential units, including one, two, and three-bedroom apartments.
  • Rental prices for apartments in Lake Shore Tower range from AED 60,000 to AED 120,000 per annum, while purchase prices range from AED 900,000 to AED 2,000,000.
  • The most sought-after units typically include spacious two-bedroom apartments with stunning lake views.

Market Trends

  • Rental prices have shown a steady increase of approximately 5-7% over the past year, driven by heightened demand in the JLT area.
  • Sales prices have also seen a positive trend, making it a lucrative investment opportunity with potential annual returns of 7-10%.
  • Future expectations suggest continued interest in residential properties in this area, particularly for high-quality developments.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents have convenient access to multiple supermarkets, including Carrefour and Spinneys, located just a short walk away.
  • The area boasts reputable educational institutions and proximity to healthcare facilities like Mediclinic and Emirates Hospital.

Transportation and Accessibility

  • The building is well-served by public transportation options, including the Dubai Metro, which is within walking distance.
  • Ample parking spaces are available, ensuring easy accessibility for residents and visitors alike.

Lifestyle Amenities

  • Lake Shore Tower includes access to various lifestyle amenities such as a fully-equipped gym, swimming pool, and children's play areas.
  • Numerous dining and entertainment options are found within JLT, including cafes, restaurants, and scenic lakeside walks.

Builing Facilities

  • The tower is equipped with high-speed elevators, 24/7 security services, and centralized air conditioning.
  • Regular maintenance and housekeeping services contribute to a comfortable living environment.

Special Services

  • Lake Shore Tower provides concierge services to assist residents with various needs.
  • Other unique amenities include a business center, leisure lounges, and guest suites for visitors.

Planning Your Move or Investment

Floor Plans and Property Types

  • The building offers a diverse range of floor plans, catering to both families and professionals, including studio apartments and expansive penthouses.

Things to Consider

  • Prospective renters and buyers should weigh factors such as proximity to work, access to public transport, and community lifestyle.
  • A detailed check on service charges, property management, and annual fees is advisable.

Useful FAQs and Support

Events and Building Life

Building Events

  • Lake Shore Tower fosters a sense of community with regular events such as seasonal celebrations, fitness classes, and social gatherings among residents.

Community Identity

  • The tower is recognized for its contemporary architectural design and vibrant community atmosphere, making it a desirable location for living and investing.

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Detailed Buiding Insights

1. Family Friendliness

Lake Shore Tower provides a family-friendly environment with playgrounds, nearby schools, and community events that cater to families. The presence of other families and children enhances the communal atmosphere.

Exceptionally Welcoming

2. Living Options

The tower features a range of living options from luxury apartments to more affordable units, accommodating various preferences and budgets. This diversity makes it appealing for different demographics.

Broadly Diverse

3. Safety And Security

Lake Shore Tower offers a modern security system, including 24/7 surveillance and secure entry points. Residents report feeling safe and secure within the community.

Remarkably Secure

4. Transportation

Public transportation is accessible with nearby metro stations and bus stops, while major roadways facilitate easy commutes. However, traffic congestion during peak hours can sometimes be an issue.

Moderately Convenient

5. Amenities And Facilities

Amenities include a gym, swimming pool, and social areas, along with easy access to retail shops, restaurants, and parks, providing residents with a well-rounded lifestyle.

Richly Equipped

6. Cost Of Living

While some units command higher rents due to amenities, there are also affordable options available. Overall, costs are manageable given the quality of living in the area.

Relatively Balanced

7. Things To Do

Lake Shore Tower is situated near a variety of entertainment options, including shopping, dining, and nightlife, as well as outdoor activities, appealing to varied interests.

Vibrantly Diverse

8. Noise Levels

Residents experience a relatively quiet ambiance, although it can get lively during weekends or events. Overall, the sound levels are manageable and predominantly tranquil.

Generally Peaceful

9. Pet Friendliness

The community is welcoming to pets, providing ample space for walking and socializing. Several pet-friendly facilities are available, such as parks and grooming services.

Warmly Accommodating

Price Insights

Price Trends
2 Bedrooms apartments rented in Damac and Dubai Marina
Average Prices
This data displayed is based on properystellar last 12 months data.
Name Type Avg. Price (AED / year)
Villa (2Beds)
Sale
1.3M AED
Apartment (1Beds)
Sale
850K AED
Villa (3Beds)
Rent
168K AED

Map Overview

Park and Outdoor Fitness & Gym Hospital and Clinics Shopping Center and Groceries Restaurant & Cafeterias
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Schools

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Local Information

Buy:

245K AED - 374.9K AED

Rent:

23.1K AED - 33.6K AED

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