1 bedroom, Lake Terrace tower
Dubai, JLT, Lake Terrace
70 m²
Property area
2008
Construction year
2 out of 40
Floor
1
Bathroom(s)
Built-in wardrobes
Underground parking
Security
Swimming pool
Spa area
Balcony
AC
Stunning views
Kitchen appliances
Gym
$287 671 ($4 110/m²)
1 050 000 AED
Rental yield: 7,17%
DMCC metro station
2-min walk
Price growth rate per year: 12%
TOTAL INVESTMENT AMOUNT: $324 817
TOTAL RENTAL YIELD PER YEAR: $37 151
EXPENSES PER YEAR: $13 876
NET RENTAL YIELD PER YEAR: $23 275
or 7,17%
- Unit price: $287 671
- Renovation price: $1 370
- Furnishings: $9 589
- Commission: $6 041
- DLD fee payment: $11 666
- Transaction registration: $1 151
- Transaction legal support: $2 192
- Power of attorney: $822
- Manager cheque: $4 315
TOTAL RENTAL YIELD PER YEAR: $37 151
- Rent payments: $3 096 (per month) / $37 151 (per year)
EXPENSES PER YEAR: $13 876
- Service charge: $3 531
- Utilities: $1 315
- Internet: $1 266
- AC: $1 973
- AC maintenance: $219
- Management commission: $5 573
NET RENTAL YIELD PER YEAR: $23 275
or 7,17%
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High floor apartment with panoramic skyscrapers & lake views
Lake Terrace is a 40 storey tower by Damac built in 2008. Located on the shores of the lake, within JLT Cluster D.
2-minute walk to DMCC subway
Key tower features:
Lake Terrace is a 40 storey tower by Damac built in 2008. Located on the shores of the lake, within JLT Cluster D.
2-minute walk to DMCC subway
- 1 bedroom
- 1 large bathroom with bath and shower room
- 1 spacious balcony
- Area: 70 sqm
- Floor 2 (out of 40), actually located on the 3rd floor level
- View of the lake and skyscrapers
- No furniture
- 1 parking place
- VACANT
Key tower features:
- Swimming pool, Jacuzzi, sauna
- Gym (separate for women and men)
- Barbecue area
Jumeirah Lake Towers is a perfect neighborhood for both investment and living, located in the heart of Dubai. It is an exceptionally quiet community with serene lakes and green parks. JLT is strategically located between Dubai Marina and Jebel Ali, making it an ideal location for those seeking convenience and affordability.
JLT is eco-friendly, as it was constructed around 3 man-made lakes and has a huge 55,000 m² green park. In winter there is a market, yoga workshops and open-air movie screenings.
The community is awesome in regards to transport accessibility: it has 2 metro stations and an exit on Sheikh Zayed road, the beaches are literally 15 minutes away, and the Dubai Marina Mall is nearby, just 5 minutes away by car.
It also has an extensive infrastructure: 2 universities, several kindergartens, an abundance of supermarkets and medical centers. You can easily walk to the Marina and its beaches.
JLT is eco-friendly, as it was constructed around 3 man-made lakes and has a huge 55,000 m² green park. In winter there is a market, yoga workshops and open-air movie screenings.
The community is awesome in regards to transport accessibility: it has 2 metro stations and an exit on Sheikh Zayed road, the beaches are literally 15 minutes away, and the Dubai Marina Mall is nearby, just 5 minutes away by car.
It also has an extensive infrastructure: 2 universities, several kindergartens, an abundance of supermarkets and medical centers. You can easily walk to the Marina and its beaches.