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Jumeirah Lake Towers (JLT)

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Details

Commercial Title :

Jumeirah Lake Towers (JLT)

Official Title :

Al Thanyah 5

Type :

Free Hold

Development Number :

6822

Registration Date :

08-Nov-2008

Construction Started Date :

30-Dec-2008

Completion Status :

Completed/Ready

Life Cycle :

Mature

Master Developer(s) :

DUBAI MULTI COMMODITIES CENTER

Launch Date :

N/A

Anticipated Completion Date :

26-May-2009

Handover Date :

N/A

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Road Locations

Description

JUMEIRAH LAKE TOWERS (JLT):

About:

Jumeirah Lakes Towers is a mixed use waterfront district located behind Dubai Marina and is home to the Dubai Multi Commodities Centre Free Zone, the largest and fastest growing free zone in the UAE, and an increasingly important regional commodities hub for trade and enterprise. Plans are already afoot for the so called ‘Burj 2020’ the world’s tallest commercial tower to be built right here.The 87 existing tower blocks at JLT, as the place is known, are built around three lakes and a park and comprise commercial and residential buildings as well as hotels, shops and leisure facilities. Apart from the centrepiece 66 storey Almas Tower all the buildings range from 35 to 45 floors in height and are arranged in 23 clusters.With a growing population of over 35,000 residents JLT suits singles and young couples who have come to Dubai to work. There are no houses or villas, just high-rise apartment blocks rubbing shoulders with classy, glassy corporate towers. The main attraction is being able to live close by the work place, although JLT also appeals to those who work out of town but enjoy a high-rise, high octane city lifestyle.Apartments here are more affordable than those closer to Jumeirah Beach or Dubai Marina, but the JLT lifestyle is hard to beat with the landscaped lakeside promenade providing an ideal location for leisurely walks, jogging or cycling and community events.Jumeirah Lake Towers, commonly known as JLT, is a sought-after mixed-use community of Dubai. A project of Dubai Multi Commodities Center – DMCC, it is set around four man-made lakes and an area for parkland. With an easygoing community vibe and a range of amenities, JLT has become an ideal residential community for families as well as individuals who want to live close to the bustling Dubai Marina. As per Dubai Annual Sales Report 2021 by Bayut & Dubizzle, JLT is one of the top areas in Dubai to buy affordable apartments.

  • One of the freehold areas of Dubai
  • 26 clusters of three high-rise buildings in each
  • Has its own pet-friendly park called JLT Park
  • A pedestrian-friendly skyscraper community in Dubai
  • Named after the lakes with pleasant waterfront promenades
  • A vibrant mix of offices, residences, retail, food and beverage outlets and hospitality venues.

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Yearly Transactions and Sales

Transactions
Sales
8,0008,0006,0006,0004,0004,0002,0002,00000Transactions200820082009200920102010201120112012201220132013201420142015201520162016201720172018201820192019202020202021202120222022202320232024202410,000,000,00010,000,000,0008,000,000,0008,000,000,0006,000,000,0006,000,000,0004,000,000,0004,000,000,0002,000,000,0002,000,000,00000Sales
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Transactions and Sales by Property Types

Transactions
Sales
45,00045,00036,00036,00027,00027,00018,00018,0009,0009,00000TransactionsApartmentsApartmentsCommercial PlotsCommercial PlotsOfficesOfficesResidential PlotsResidential PlotsShopsShopsCommercial PropertiesCommercial PropertiesPenthousesPenthouses40,000,000,00040,000,000,00030,000,000,00030,000,000,00020,000,000,00020,000,000,00010,000,000,00010,000,000,00000Sales
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Price Per Square Feet "Sale"

3,6003,6003,0003,0002,4002,4001,8001,8001,2001,200600600Price1477.70172989.89855806.983175925.363242857141098.43182857141216.63425946.50078333333770.576641035.32716666671298.81667142862008200820092009201020102011201120122012201320132014201420152015201620162017201720182018201920192020202020212021202220222023202320242024
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