Studio, Lake Terrace
Dubai, JLT, Lake Terrace
44 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
**
07.04.2024
ROI: 10,34%
$216 438 ($4 864/m²)
790 000 AED
Sobha
6-min walk
Price growth rate per year: 12%
TOTAL INVESTMENT AMOUNT: $245 170
TOTAL RENTAL RETURN PER YEAR: $27 945
EXPENSES PER YEAR: $10 595
RENTAL RETURN: $17 350
- Unit price: $216 438
- Renovation price: $1 370
- Furnishings: $6 849
- Commission: $6 493
- DLD fee payment: $8 817
- Transaction registration: $1 151
- Transaction legal support: $1 370
- Manager cheque: $3 247
TOTAL RENTAL RETURN PER YEAR: $27 945
- Rent payments: $2 329 (per month) / $27 945 (per year)
EXPENSES PER YEAR: $10 595
- Service charge: $2 546
- Utilities: $658
- Internet: $1 266
- AC: $986
- AC maintenance: $110
- Management commission: $5 030
RENTAL RETURN: $17 350
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Lake Terrace is a 40-storey tower by developer Damac, built in 2008. Located on the shores of the lake, on the territory of JLT Cluster D. Next to the tower is the DMCC metro, also from the house there is a direct descent to the lake, around which there are walking areas, stores and restaurants. JLT Park with playgrounds and sports fields is within walking distance.
2 minutes walk to DMCC subway
Tower Benefits:
2 minutes walk to DMCC subway
- 1 bedroom
- 1 bathroom
- 1 balcony
- Area: 44 sq m
- 2nd floor (out of 40), actually 3rd floor
- Pool view
- With furniture and appliances
- Without parking space
- VACANT
Tower Benefits:
- Swimming pool, Jacuzzi, sauna
- Gym (separate for women and men)
- Barbecue area
Jumeriah Lake Towers is an ideal neighborhood for investment and living, located in the heart of Dubai. It is an exceptional tranquil neighborhood with serene lakes and green parks. JLT is strategically located between Dubai Marina and Jebel Ali, making it ideal for those looking for convenience and affordability.
Eco-friendly: The neighborhood is built around three artificial lakes and has a huge 55,000 m² green park. In winter there is a market, yoga workshops and open-air movie screenings.
Good transport accessibility: 2 metro stations and exit on Sheikh Zayed road, beaches are literally 15 minutes away, and the nearest large shopping center Dubai Marina Mall is 5 minutes away by transport.
Developed infrastructure: 2 universities, several kindergartens, many supermarkets, medical centers. You can walk to the Marina and beaches,
Eco-friendly: The neighborhood is built around three artificial lakes and has a huge 55,000 m² green park. In winter there is a market, yoga workshops and open-air movie screenings.
Good transport accessibility: 2 metro stations and exit on Sheikh Zayed road, beaches are literally 15 minutes away, and the nearest large shopping center Dubai Marina Mall is 5 minutes away by transport.
Developed infrastructure: 2 universities, several kindergartens, many supermarkets, medical centers. You can walk to the Marina and beaches,