Jumeirah Lake Towers
Overview
Jumeirah Lake Towers is located next to the large, up-market residential communities of the Dubai Marina, Emirates Hills and Jumeirah Islands. It offers spectacular views of the Dubai Marina skyline.
Jumeirah Lake Towers is a master development by Nakheel consisting of 87 unique residential, commercial and retail towers clustered in groups of three and surrounded by calming man-made lakes, beautifully landscaped gardens and unique waterways. Overall, it will cover a massive 730 0000 sq.m. (2.4 million sq.ft.) and the man-made lakes will cover 116 000 sq. m. (381 000 sq. ft.).
Transport links are excellent as JLT is situated along Sheikh Zayed Road and on the new metro line.
JLT commercial prices have already risen by around 50% per annum for the past 2 years. Further upside is likely because although still a construction site, prices for stock a year away from completion range from AED 1100 to AED 1400 per sq. ft. This compares to AED 1700 per sq. ft. for finished, mid-range product. Additionally, JLT's free-zone status is expected to change and resulting in a much wider demand by a broader range of businesses. This would cause a sudden spike in prices by as much as 50% overnight.
The Dubai Metals and Commodities Center (DMCC) is a 200 hectare development comprising three towers - The Almas Tower, The AU Tower and the Ag Tower.
Each purpose-built tower will house one of the three specialised commodities segments (gold & precious metals, diamonds & coloured stones, and commodities) which represent DMCC's core segments.
On balance, Jumeirah Lake Towers offers a low risk investment with a potential high return.
To contact us between the hours
of 18:00 and 00:00 (2pm and 8pm GMT) please call us on: +971 50 240 0898
