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Lakeside Residence, JLT

Lakeside Residence, JLT

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Strengths

Prime Location

Modern Design

Community Amenities

Weakens

Noise Levels

Parking Availability

High Service Charges

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Description

Lakeside Residence, JLT

Real Estate Overview

Building Overview

  • Lakeside Residence is a prominent residential building situated in the vibrant Jumeirah Lake Towers (JLT) community, offering stunning views of the surrounding lakes and greenery.
  • The tower boasts proximity to essential amenities such as supermarkets, cafes, and shopping outlets, enhancing the living experience.
  • Well-connected by public transport, residents benefit from easy access to the Dubai Metro and various bus routes, making commuting effortless.

Properties Overview

  • Lakeside Residence features a mix of one, two, and three-bedroom apartments, catering to a diverse clientele.
  • Property prices in the building vary, with rental rates typically starting from AED 60,000 for a one-bedroom unit, while sales prices can range from AED 900,000 to AED 2 million, depending on the size and layout.

Market Trends

  • The real estate market in JLT has seen a steady rise in rental yields, particularly in Lakeside Residence, with an average ROI of about 7-8%.
  • Over the past year, demand for residential properties in JLT has increased, driven by the area's appealing lifestyle and amenities. Expectations for the upcoming year suggest continued interest from both renters and buyers.

Living and Investing in the Building

Amenities, Schools, and Healthcare

  • Residents have access to various essential services, including several supermarkets within walking distance, schools, and healthcare facilities that cater to families.

Transportation and Accessibility

  • The building is conveniently located near major highways, offering easy access to Dubai's key districts. Public transportation options include multiple bus stops and the JLT Metro station, enhancing connectivity throughout the city.

Lifestyle Amenities

  • Amenities in Lakeside Residence include a fully-equipped gym, swimming pool, children's play areas, and access to a range of dining and retail options within JLT.

Builing Facilities

  • The building is equipped with modern elevators, 24-hour security services, central air conditioning, and comprehensive maintenance support to ensure a comfortable living environment.

Special Services

  • Residents can enjoy concierge services, guest relations, and business center facilities, making Lakeside Residence an ideal choice for both families and professionals.

Planning Your Move or Investment

Floor Plans and Property Types

  • Lakeside Residence offers diverse floor plans that cater to varied lifestyle needs, including open-concept living spaces and well-designed layouts that optimize natural light.

Things to Consider

  • Prospective tenants and buyers should consider factors such as proximity to work locations, lifestyle amenities, community environment, and the financial implications of renting vs. buying.

Useful FAQs and Support

Events and Building Life

Building Events

  • Lakeside Residence hosts regular community events and gatherings to promote social connections among residents, including seasonal celebrations and networking activities.

Community Identity

  • Lakeside Residence stands out for its eco-friendly design and commitment to sustainability, making it a preferred option for environmentally conscious individuals.

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Detailed Buiding Insights

1. Family Friendliness

Lakeside Residence is a family-oriented community with several playgrounds and parks nearby. The availability of larger apartments suits families, though some units may not have adequate noise insulation.

Moderately Welcoming

2. Living Options

The community offers a variety of living options, including one, two, and three-bedroom apartments. Many units have stunning lake views and spacious balconies, catering to diverse preferences.

Diverse and Spacious

3. Safety And Security

Lakeside Residence boasts high-level security measures, including 24/7 security personnel and CCTV surveillance throughout the community, ensuring residents feel safe at all times.

Very Secure

4. Transportation

With easy access to major highways and proximity to the metro station, public transportation is easily accessible. This ensures that commuting is hassle-free for residents.

Extremely Convenient

5. Amenities And Facilities

The community features a plethora of amenities, including a swimming pool, gym, sports courts, and gardens that are well-maintained, enhancing the lifestyle of residents significantly.

Richly Equipped

6. Cost Of Living

While the cost of living can be higher compared to other areas in Dubai, the range of available apartments offers options that cater to different budgets, making it relatively affordable.

Relatively Affordable

7. Things To Do

The area surrounding Lakeside Residence is bustling with activities, including restaurants, cafes, and shopping malls, as well as outdoor activities by the lake that cater to different interests.

Vibrantly Diverse

8. Noise Levels

Living near the lake helps to mitigate noise levels, creating a tranquil environment despite the proximity to busy areas. Most residents report a peaceful atmosphere.

Generally Peaceful

9. Pet Friendliness

Lakeside Residence provides pet-friendly options and nearby parks for pets, making it a great choice for pet owners, although some restrictions may apply.

Welcoming to Pets

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:

226.4K AED - 367.9K AED

Rent:

21.3K AED - 31.5K AED

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