Investing in

Jumeirah Lake Towers

Real estate

Dubai Property Market

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Property sale volume

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Property sale value (AED)

one of the most established markets in Dubai

Its prime location, luxury towers and strong commercial appeal have ensured that investors have recorded substantial returns from JLT property for much of the past 2 decades.

It’s true that like Dubai in general, and every other property market in the world, Jumeirah Lake Towers has seen some downturns in the past, but very few investors have failed to secure strong mid to long-term ROI from the market.

Now, as the Dubai property market looks to start its third major growth cycle, JLT is again being discussed as one of the emirate’s most assured markets. For years, the area has been under-supplied, making it very difficult for investors to acquire new assets in JLT, but over the coming months and years, more off-plan opportunities will come into the market, meaning it could be a beneficial time to make a purchase here.

Available
Properties

  • Abu Dhabi
  • Ajmal Makan City
  • Al Barari
  • Al Habtoor City
  • Al Jaddaf Waterfront
  • Al Marjan Island
  • Al Sufouh
  • Arabian Ranches
  • Arjan
  • Business Bay
  • City of Arabia
  • Damac Hills
  • DAMAC Lagoons
  • Downtown Dubai
  • Dubai
  • Dubai Creek Harbour
  • Dubai Creekside
  • Dubai Harbour
  • Dubai Healthcare City
  • Dubai Hills
  • Dubai Hills Estate
  • Dubai Islands
  • Dubai Marina
  • Dubai Maritime City
  • Dubai Science Park
  • Dubai South
  • Dubai Sports City
  • Dubai Studio City
  • Dubailand
  • Emaar Beachfront
  • Featured
  • IMPZ
  • Jebel Ali
  • Jumeirah Beach Residence
  • Jumeirah Golf Estates
  • Jumeirah Lake Towers
  • Jumeirah Village Circle
  • Jumeirah Village Triangle
  • La Mer
  • Liwan
  • Madinat Jumeirah Living
  • Majan
  • Marjan Island
  • MBR City
  • Meydan
  • Meydan Horizon
  • Mohammed Bin Rashid City
  • Motor City
  • Mudon
  • Nad Al Sheba
  • Oman
  • Palm Jumeirah
  • Ras Al Khaimah
  • Rashid Yachts and Marina
  • Serena
  • Sharjah
  • Sheikh Zayed Road
  • Sobha Hartland
  • South Bay
  • The Valley
  • Town Square
  • Uptown Dubai
  • Wadi Al Safa 2
  • Yas Island
  • Zabeel
Art Bay
featured

Ellington Properties
Al Jaddaf Waterfront
Starting price - from AED 1,700,000 | GBP 366,063
Meydan Horizon
featured

Prestige One
Meydan
Starting price - from AED 1,200,000 | GBP 257,640
The Acres
featured

Meraas
Dubailand
Starting price - from AED 5,900,000 | GBP 1,280,890
Mangrove

Emaar Properties
Dubai Creek Harbour
Starting price - from AED 1.6M | GBP 347,300
The Orchard Place 2

Peak Summit Developments
Jumeirah Village Circle
Starting price - from AED 687,000 | GBP 149,484
Mirage at The Oasis

Emaar Properties
Dubailand
Starting price - from AED 15,800,000 | GBP 3,445,887
Albero

ORO24
Liwan
Starting price - from AED 790,000 | GBP 172,290
Ocean Star

Emaar Properties
Rashid Yachts and Marina
Starting price - from AED 1,700,000 | GBP 368,989
Q Garden Lofts

Ays Developments
Jumeirah Village Circle
Starting price - from AED 510,000 | GBP 110,947
Sonate

Condor Developers
Jumeirah Village Triangle
Starting price - from AED 706,500 | GBP 153,653
Sobha Orbis

Sobha Realty
Motor City
Starting price - from AED 981,154 | GBP 214,067
Six Senses

Select Group
Dubai Marina
Starting price - from AED 5,800,000 | GBP 1,268,800
Binghatti Hills

Binghatti
Dubai Science Park
Starting from - AED 777,777 | GBP 171,586
Diamondz

Danube Properties
Jumeirah Lake Towers
Starting price - from AED 1,100,000 | GBP 240,700
Cala Del Mar

Ellington Properties
Marjan Island
Starting price - from AED 2,295,000 | GBP 502,302
The Spark

ESNAAD
Mohammed Bin Rashid City
Starting from - AED 1,085,000 | GBP 239,900
Binghatti Apex

Binghatti
Jumeirah Village Circle
Starting from - AED 649,999 | GBP 142,396
Fia

Nshama
Town Square
Starting price - from AED 780,888 | GBP 172,660
Valo

Emaar Properties
Dubai Creek Harbour
Starting price - from AED 1,790,000 | GBP 391,621
Seaside

Prestige One
Dubai Hills
Starting price - from AED 1,917,000 | GBP 412,402
Riwa

Meraas
Madinat Jumeirah Living
Starting price - from AED 2,350,000 | GBP 513,624
Lillia

Emaar Properties
The Valley
Starting price - from AED 2,000,000 | GBP 431,400
Empire Estates

Empire Developments
Arjan
Starting from - AED 790,000 | GBP 170,300
Vida Residences

Emaar Properties
Dubai Hills Estate
Starting price - from AED 1,400,000 | GBP 299,145
The Sapphire

DAMAC Properties
Sheikh Zayed Road
Starting price - from AED 2,710,000 | GBP 587,652
Binghatti Phantom

Binghatti
Jumeirah Village Circle
Starting from - AED 999,999 | GBP 216,942
Golf Gate 2

DAMAC Properties
DAMAC Hills
Starting price - from AED 1,279,000 | GBP 277,527
DAMAC Casa

DAMAC Properties
Al Sufouh
Starting price - from AED 2.5M | GBP 558,727
DAMAC Lagoons

DAMAC Properties
Damac Lagoons
Starting price - from AED 2,850,000 | GBP 624,589
Sobha One

Sobha Realty
Sobha Hartland
Starting price - from AED 1.64M | GBP 364,557
Elitz 3

Danube Properties
Jumeirah Village Circle
Starting price - from AED 742,000 | GBP 160,000
Palm Beach Towers

Nakheel Properties
Palm Jumeirah
Starting price - from AED 4,200,000 | GBP 905,374
Golf Vista Heights

London Gate
Dubai Sports City
Starting price - from AED 465,000 | GBP 100,000
Expo City Dubai

Expo City Dubai
Dubai South
Starting price - from AED 1,999,000 | GBP 428,791
Barari Views 2

Samana Developers
Majan
Starting price - from AED 674,000 | GBP 144,104
Ayala

Nshama
Town Square
Starting price - from AED 800,888 | GBP 171,553
Orra The Embankment

Prestige One
Jumeirah Lake Towers
Starting price - from AED 1,500,000 | GBP 321,304
LIV Waterside

LIV Development
Dubai Marina
Starting price - from AED 2,300,000 | GBP 491,443
Vista

Prestige One
Dubai Sports City
Starting price - from AED 630,000 | GBP 134,525
Pearl House III

Imtiaz Developments
Jumeirah Village Circle
Starting price - from AED 630,000 | GBP 134,938
Bayz 101

Danube Properties
Business Bay
Starting price - from AED 979,000 | GBP 210,605
Aeon

Emaar Properties
Dubai Creek Harbour
Starting price - from AED 1,710,000 | GBP 368,172
Club Drive

Emaar Properties
Dubai Hills Estate
Starting price - from AED 1,570,888 | GBP 336,886
Westwood Grande

Imtiaz Developments
Jumeirah Village Circle
Starting price - from AED 606,000 | GBP 130,471
Avonlea

Emaar Properties
Rashid Yachts and Marina
Starting price - from AED 1,600,000 | GBP 342,880
Skyhills Residences

Octa Properties
Dubai Science Park
Starting price - from AED 617,777 | GBP 131,755
Maya 5

AveNew
Jumeirah Village Triangle
Starting price - get in touch for further details
Ra1n

Object 1
Jumeirah Village Circle
Starting price - AED 930,000 | GBP 200,601
Mercer House

Ellington Properties
Uptown Dubai
Starting price - from AED 900,000 | GBP 193,770
Lagoon Views

DAMAC Properties
Damac Lagoons
Starting price - from AED 979,000 | GBP 209,836
Red Square

Tiger Properties
Jumeirah Village Triangle
Starting price - AED 495,000 | GBP 105,887
Nobles Tower

Tiger Properties
Business Bay
Starting price - AED 1,900,000 | GBP 406,647
Lilium Tower

Tiger Properties
Jumeirah Village Triangle
Starting price - get in touch
Moonstone

DURAR Group
Al Majan Island
Starting price - from AED 1,888,888 | GBP 280,497
Bayline

Emaar Properties
Rashid Yachts and Marina
Starting price - from AED 2.34M | GBP 508,766
Vela Viento

Omniyat
Business Bay
Starting price - from AED 18.6M | GBP 3,992,170
Aveline

Citi Developers
Jumeirah Village Circle
Starting price - from AED 595,000 | GBP 128,140
10 Oxford

Iman Developers
Jumeirah Village Circle
Starting price - from AED 674,850 | GBP 109,300
Ellington Views I

Ellington Properties
Ras Al Khaimah
Starting price - from AED 1,450,000 | GBP 315,464
Sportz

Danube Properties
Dubai Sports City
Starting price - from AED 590,000 | GBP 128,413
Aark Residences

DECA Properties
Dubailand
Starting price - from AED 830,000 | GBP 181,101
Barari Views

Samana Developers
Al Barari
Starting price - from AED 749,000 | GBP 166,020
One River Point

Ellington Properties
Business Bay
Starting price - from AED 1.4M | GBP 310,832
Gardenia Bay

Aldar Properties
Yas Island
Starting price - from AED 805,000 | GBP 177,837
Volga Tower

Tiger Properties
Jumeirah Village Triangle
Starting price - from AED 1.5M | GBP 331,207
The Orchard Place

Peak Summit Developments
Jumeirah Village Circle
Starting price - from AED 699,378 | GBP 157,584
Naya

Nakheel Properties
MBR City
Starting price - from AED 1,700,000 | GBP 380,210
Manhattan Samana

Samana Developers
Jumeirah Village Circle
Starting price - from AED 689,000 | GBP 155,400
Azizi Venice

Azizi Developments
Dubai South
Starting price - from AED 480,000 | GBP 103,432
Palm Jebel Ali

Nakheel Properties
Jebel Ali
Starting price - from AED 18M | GBP 4.03M
Creek Views III

Azizi Developments
Dubai Healthcare City
Starting price - from AED 1,085,000 | GBP 239,000
Azizi Grand

Azizi Developments
Dubai Studio City
Starting price - from AED 996,000 | GBP 218,800
Azizi Vista

Azizi Developments
Dubai Studio City
Starting price - from AED 1M | GBP 219,800
Beach Oasis

Azizi Developments
Dubai Studio City
Starting price - from AED 822,500 | GBP 180,700
Samana Portofino

Samana Developers
Dubai Production City
Starting price - from AED 670,000 | GBP 145,800
Volta

DAMAC Properties
Downtown Dubai
Starting price - from AED 1.67M | GBP 363,300
ANWA ARIA

Omniyat
Dubai Maritime City
Starting price - from AED 1.1M | GBP 237,500
La Mer Villas

Ellington Properties
La Mer
Starting price - from AED 330,000,000 | GBP 71,136,000
Golf Views

Samana Developers
Dubai Sports City
Starting price - from AED 649,000 | GBP 139,000
399 Hills Park

National Properties
Dubai Hills
Starting price - from AED 1.5M | GBP 321,000
The Haven

Meraki Developers
Dubai Land
Starting price - from AED 490,000 | GBP 104,700
Riviera Reve

Azizi Developments
Meydan
Starting price - from AED 1.5M | GBP 320,000
Jomana

Meraas
Madinat Jumeirah Living
Starting price - from AED 1.91M | GBP 409,000
The Opus

Omniyat
Business Bay
Starting from - AED 4.34M | GBP 927,000
Skyros

Samana Developers
Arjan
Starting price - from AED 758,000 | GBP 159,800
Orla

Omniyat
Palm Jumeirah
Starting price - from AED 51,059,400 | GBP 10.92M
South Bay

Dubai South Properties
Residential District of Dubai South
Starting price - from AED 1.9M | GBP 405,000
Hadley Heights

LEOS Developments
Jumeirah Village Circle
Starting from - AED 559,000 | GBP 119,800
Ellington House IV

Ellington Properties
Dubai Hills Estate
Starting price - from AED 1,997,828 | GBP 425,800
Ajmal Makan City

Ajmal Makan
Sharjah
Starting price - from AED 365,000 | GBP 77,400
Aida

DarGlobal
Muscat, Oman
Starting from - AED 1,350,000 | GBP 282,700
Reeman Living

Aldar Properties
Al Shamhka Neighbourhood
Starting from - AED 407,000 | GBP 85,400
Verde

Sobha Realty
Jumeirah Lake Towers
Starting price - from AED 1.8M | GBP 380,850
Arbor View

Ellington Properties
Arjan
Starting price - from AED 800,000 | GBP 171,600
Al Habtoor Tower

Al Habtoor Group
Al Habtoor City
Starting price - from AED 2.1M | GBP 447,000
MAG 330

MAG
City of Arabia
Starting price - from AED 760,000 | GBP 164,000
Vela

Omniyat
Business Bay
Starting price - from AED 30 Million | GBP 6.56 Million
Jouri Hills

Arada
Jumeirah Golf Estates
Starting price - from AED 3,999,000 | GBP 850,000
Binghatti House

Binghatti
Jumeirah Village Circle
Starting from - AED 860,000 | GBP 187,627
Sobha Hartland II

Sobha Realty
Sobha Hartland II
Starting price - from AED 22,700,000 | GBP 4,967,745
Sobha Reserve

Sobha Realty
Wadi Al Safa 2
Starting price - from AED 7.7M | GBP 1.69M
Seapoint Tower 1

Emaar Properties
Emaar Beachfront
Starting price - from AED 2.95M | GBP 636,136
Riverside Crescent

Sobha Realty
Sobha Hartland II
Starting price - from AED 1.14M | GBP 245,974
Mudon

Dubai Properties
Mudon
Starting price - contact us
Sobha Sea Haven

Sobha Realty
Dubai Harbour
Starting price - from AED 3.6M | GBP 794,760
DAMAC Hills 1

DAMAC Properties
Damac Hills
Starting price - from AED 550,000 | GBP 121,131
Ocean House
sold out

Ellington Properties
Palm Jumeirah
Starting price - from AED 8.45M | GBP 1.81M
Nautica
sold out

Select Group
Dubai Maritime
Starting price - from AED 1.6M | GBP 358,900
Onyx
sold out

Binghatti
Jumeirah Village Circle
Starting from - AED 950,000 | GBP 206,830
The Crestmark
sold out

Ellington Properties
Business Bay
Starting price - from AED 1,426,828 | GBP 307,634
The Sanctuary
sold out

Ellington Properties
MBR City
Starting price - from AED 16 Million | GBP 3.4 Million
Binghatti Amber
sold out

Binghatti
Jumeirah Village Circle
Starting from - AED 550,000 | GBP 119,564
Fashionz by Danube
sold out

Danube Properties
Jumeirah Village Triangle
Starting price - from AED 687,000 | GBP 149,475
The Quayside
sold out

Ellington Properties
Business Bay
Starting price - from AED 1.3M | GBP 283,514
Ellington Beach House
SOLD OUT

Ellington Properties
Palm Jumeirah
Starting price - from AED 4.5M | GBP 1,017,113
Upper House
sold out

Ellington Properties
Jumeirah Lakes Towers
Starting price - from AED 750,000 | GBP 169,518
Luxor
sold out

Imtiaz Developments
Jumeirah Village Circle
Starting price - from AED 761,027 | GBP 160,000
Coral Reef
sold out

DAMAC Properties
Dubai Maritime City
Starting price - from AED 1.66M | GBP 354,800
Oxford Gardens
sold out

Iman Developers
Arjan
Starting price - from AED 511,717 | GBP 109,300
Viewz by Danube
sold out

Danube Properties
Jumeirah Lake Towers
Starting price - from AED 990,000 | GBP 216,864
Elitz 2
sold out

Danube Properties
Jumeirah Village Circle
Starting price - from AED 650,000 | GBP 139,000
Arabian Ranches III
sold out

Emaar Properties
Arabian Ranches
Starting price - from AED 2.1M | GBP 463,196
The Valley
Sold out

Emaar Properties
The Valley
Starting price - from AED 1.65M | GBP 363,340
Belmont Residences
Sold out

Ellington Properties
Jumeirah Village Triangle
Starting price - from AED 615,000 | GBP 139,078
La Vie
Sold Out

Dubai Properties
Jumeirah Beach Residence
Starting price - from AED 1.3M | GBP 293,986
Casa Viva
Sold Out

Dubai Properties
Serena
Starting price - from AED 1.8M | GBP 407,474
Arabella III
Sold Out

Dubai Properties
Mudon
Starting price - from AED 2M | GBP 452,749
Creek Vista Heights
Sold Out

Sobha Realty
Sobha Hartland
Starting price - from AED 1.7M | GBP 275,750
Emaar Beachfront
Sold Out

Emaar Properties
Emaar Beachfront
Starting price - from AED 2.8M | GBP 617,595

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INFORMATION

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Jumeirah Lake Towers' Property Market Performance

Jumeirah Lake Towers property statistics for completed 1-bedroom properties:

  • The average asking sales price in Jumeirah Lake Towers in April 2023: 950,000 AED
  • The average transaction sales price in Jumeirah Lake Towers in April 2023: 760,000 AED
  • The average asking sales price in Jumeirah Lake Towers in April 2023 per sq ft: 1,100 AED
  • The average transaction sales price in Jumeirah Lake Towers in April 2023 per sq ft: 1,000 AED

 

As mentioned, the Lake Towers are one of the more mature submarkets in Dubai real estate, having originally launched to investors almost 20 years ago.
JLT now consists of over 80 towers and although the majority of construction happened around 2008-10, some plots remain open to development still, and developers have recently launched some high-end projects.

The titular lakes Lake Almas West, Lake Almas East, JLT Lake, and their surrounding landscaping cover almost 8m sq ft and form the centrepiece of JLT while the towers themselves range from around 35 storeys to 65 storeys.

Given that all the residential buildings in JLT are towers, it is not surprising that the stock in this investment market primarily consists of apartments.

A final but important point of consideration with JLT property is that of supply. Given that it is one of the more mature and in-demand markets, the volume of transitions is relatively low. This is a consequence of under-supply rather than low demand. JLT is predominately completed properties and few investors have been willing to release their assets onto the secondary market in recent years. Subsequently, demand dramatically exceeds supply and apartments that do come onto the market are sold in days.

This will be alleviated somewhat with a spate of recent off-plan launches.

Average capital appreciation in Jumeirah lake towers over the past 12 months

How to choose an apartment for investment in Jumeirah Lake Towers

It’s estimated that over 60,000 people live at JLT, but twice as many work there. JLT is a neighbourhood that has a different work-life dynamic to Dubai Marina or Downtown Dubai. The lettings dynamics are closer to how Business Bay operates and investors should acquire accordingly – at least if they are looking to supplement capital growth with yields. 

Residents of JLT tend to work there too. They are slightly older and have higher budgets to secure more spacious accommodation – and they live alone or with family. 

This means that, unlike the nearby marina property market, in JLT investors should focus on 1-bed properties. The chances that the tenant market wants to share and split rental fees with friends in 3-bed apartments are much more unlikely. However, given the maturity of the market, a small but significant portion of residents who initially moved here to live alone have now moved their families in and larger apartments are becoming more popular, at least for a transitional few years before they look to move into a villa or townhouse.

What is universal in JLT is the demand for more space than similarly priced markets in Dubai. 

Dubai rental market

As mentioned, investors looking to maximise ROI in JLT may want to consider some of the more executive 1 (or 2) bedroom apartments in towers with more high-end amenities.

These amenities can include F&B and retail offerings at the ground level, relaxation facilities, swimming pools, multipurpose halls, gyms and integrated apps.

Such is the tenant demand for property in JLT that the location has one of the fastest-rising rental prices in Dubai, with assets here commanding a 13% rise in annual rates over the past 12 months.

Starting rental values for Jumeirah Lake Towers property:

  • Average rental price for Jumeirah Lake Towers properties April 2023: 80,000 AED
  • Average gross yield for Jumeirah Lake Towers properties April 2023: 7.3%

Jumeirah Lake Towers real estate outlook

Real estate investment prospects in Dubai in general look positive over the short and mid-term. The UAE continues to attract major investment from all over the world, with governments, multinationals and high-net-worth individuals investing in a range of real estate and infrastructure.

As such property investment is set to benefit from this wider strong economic performance. As an undersupplied and popular place to live that attracts an affluent tenant market, assets in Jumeirah Lake Towers may benefit more than most.

One note to be mindful of is the new launches. Although off-plan opportunities will not flood the market, they will offer more chances to acquire JLT property than have been available over the last few years. They may also set a new local benchmark for luxury too and investors should evaluate any purchases against that.

Jumeirah Lake Towers location and lifestyle

It is hard to separate the appeal of Dubai’s lifestyle from the ROI of its property; the lifestyle drives the demand for property and tenancy.

JLT offers a more understated but still luxurious lifestyle than most of its contemporaries. It is also creating a strong reputation for offering some of Dubai’s finest eateries.

It is, of course, a major commercial zone and situated close to many of Dubai’s other major hubs. It is found adjacent to Dubai Marina on the southeastern side of Sheikh Zayed Road and served by the DMCC Metro Station.  

What is the mix of off-plan and completed properties in Jumeirah Lake Towers?

The Jumeirah Lake Towers property market has been predominately completed properties for many years. 

Consequently, demand for units is always high and existing investors have few difficulties securing an exit from the market when the time is right – often at a premium

What are the new off-plan projects?

Speak to us to get the most up to information regarding the current availability of both off-plan and completed properties in JLT, but some of the more recent project launches include Sobha Verda and Upper House.

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