Who better than our carefully selected community specialists to offer some inside information on what it is to live in a neighbourhood? We have asked agents who specialise in a community to throw some light on buying and renting patterns in the chosen area.
Leon Wright
Property Sales Consultant, Allsopp & Allsopp
Leon has worked in JLT for the last three years. Throughout these years, he has been involved in just under 200 rental and sales transactions within the community.
A less expensive alternative to Dubai Marina, JLT is ideal for professionals working in Media City, Internet City, Jebel Ali Free Zone and Abu Dhabi. The area’s three-tower cluster design is set around four lakes, some with views over Dubai Marina or Emirates Hills golf courses.
Searches for Buy (25%) vs. Rent (75%)
Jumeirah Lakes Towers (JLT) is a tenant and buyers’ haven with competitive pricing and a location which is highly desirable. The community is perfect for renters who have recently moved to the city as JLT is heavily connected with multiple transport links, including the ever-popular Dubai Metro.
Who Lives Here? Families (9%), Couples (33%), Singles (58%)
JLT is a community which truly caters to most applicants. I work with a lot of couples and small families looking to be close to Dubai Marina and surrounding areas and connected to the city easily. Cluster O to W are very popular, with most of the 2-bedroom apartments in the community offering a maids room which is the perfect addition for a small family. The quality of the buildings is high and there are parks for kids to play. The community as a whole is highly sought-after by pet lovers. For singles, there are studio apartments in abundance and tenants often work in JLT, which makes the community highly convenient.
Most Searched Sub-Community: Lake Almas West
Most Searched Building: Lake Terrace
Lake Almas West is a community which has become increasingly popular this year. This is the area within the community which has attracted tenants and buyers with extremely attractive prices. You can rent a studio from AED 30,000 and buy from AED 400,000. Lake Almas West has also seen the launch of MAG MBL tower which offers apartments ranging from AED 900,000 for sale.
Lake Terrace is a highly sought-after tower by both tenants and buyers. The building is situated directly in front of the Metro and has top quality facilities such as a gym and pool. You can buy a studio apartment for as low as AED 600,000.
All data powered by Data Finder, the real estate insights and data platform under the Property Finder Group. For a more detailed trends analysis, please visit datafinder.ae
