Lake Terrace Tower Dubai: Apartments, Location, Amenities & Lifestyle 

Lake Terrace Tower Dubai is a popular residential tower under the DAMAC Real Estate Company. It has studio, 1-, 2-, and 3-bedroom apartments, as well as duplex units. The tower is planned for convenient and comfortable urban life, modern infrastructure, and spacious design. The swimming pool, gym, children’s play area, and 24-hour security are all amenities available for residents. It is a favourite among professionals, families, and investors in real estate looking for a community that has been established. The building is also known for its reputation for convenience and everyday living. It is one of the remarkable apartments in Jumeirah Lake Towers (JLT) due to its quality apartments and lifestyle amenities.

Quick Facts About Lake Terrace Tower Dubai

About the Building

Developed by Dubai’s leading real estate developer, DAMAC Properties, the extensive residential property portfolio across the UAE, Lake Terrace has been developed.

The tower, completed in 2008, stands 40 storeys tall and about 187 metres high. The façade is blue and white, while the circular balconies set it apart from the other towers.

There are approximately 544 residential units in the building, one of the larger residential developments in Cluster D.

Even though the interiors of newer residential towers might be more contemporary, Lake Terrace still holds its own due to the generous size of the living spaces in many of its apartments, when compared with more recent towers with smaller living areas.

This equilibrium between apartment size, location, and accessibility remains a steady interest-giver for both buyers and tenants. 

Lake Terrace Tower Dubai Location

Lake Terrace is located in Cluster D of Jumeirah Lake Towers, one of Dubai’s biggest mixed-use developments. JLT is situated between Sheikh Zayed Road (E11) and First Al Khail Street, which makes it easily accessible to several areas in the city.

Residents can reach:

• A walkable area to DMCC Metro Station.
• It takes just a few minutes to reach Dubai Marina.
• Jumeirah Beach Residence (JBR)
• Dubai Internet City
• Dubai Media City
• Palm Jumeirah
• Emirates Golf Club
• Bluewaters Island
• Ibn Battuta Mall

The convenience of being in the center makes it one of the most convenient residential communities in Dubai for any professionals who work in various areas of the western business corridor. 

Why Lake Terrace Tower Dubai Is Popular

Lake Terrace receives attention within JLT due to its location, building facilities, and practical layouts, which provide comparable apartment options.

The tower is located right next to Almas East Lake, offering many apartments with waterfront and/or skyline views. The residents can also have easy access to nearby commercial areas without leaving the neighbourhood, making routine shopping much easier.

It is also associated with transportation. In contrast to residential areas that will need vehicles for almost all journeys, many people living at Lake Terrace can walk to the Dubai Metro. This accessibility helps to cut wait times for those who have to travel to the commercial areas nearby.

Another benefit is the variety of the apartments’ inventory that the building offers. The range of compact studio apartments to larger family homes creates demand from a variety of segments in Dubai’s property market instead of a single segment. 

Apartment Types and Floor Plans

Lake Terrace provides rooms for investors, families, couples, and individuals.

Residential options available are:

• Studio apartments
• One-bedroom apartments
• Two-bedroom apartments
• Three-bedroom apartments
• Duplex apartments

Apartments come in all shapes and sizes.

The typical size for a studio apartment is around 470 to 570 square feet, and a one-bedroom apartment is between 718 and 900 square feet. Typically, two-bedroom units will have more than 1200 square feet of interior living area, and larger three-bedroom units will offer a significant amount of interior living area as well as large balconies.

Many apartments include:

• Open or semi-open kitchens
• Built-in wardrobes
• Balconies
• Large living rooms
• Floor-to-ceiling windows
• Lake or skyline views

There are variations, depending on the individual layouts of each unit, especially if the owner has added on to the unit since purchase. Therefore, it’s essential for the buyer to check the actual floor plan before they decide.

Property Prices, Rental Trends, and Investment Potential

Lake Terrace is an established residential tower in JLT, which remains popular amongst end-users and investors.

Rental Market

The average annual rents for apartments listed recently on Bayut are around:

The average asking rent for all types of apartments is approximately AED 87,890 per year. The actual rent of the apartment will depend on the apartment size, the floor, the condition of the apartment, the furnishing, and the view. 

Sale Prices

The following are approximate asking price ranges, as listed on Bayut recently:

The price of apartments in Lake Terrace in the past six months has averaged around AED 1.41 million, though it may range higher or lower depending on the specific apartment. 

Investment Outlook

Lake Terrace has several features that make it well suited for long-term investors:

• Established freehold community.
• A short walk to the DMCC Metro Station.
• A steady demand from tenants in the surrounding business districts.
• A variety of apartment types that will attract various consumer groups.

According to Bayut, the estimated rental yield for apartments in Lake Terrace is 7.23%. This figure is based on purchase price, rental income, and market conditions. 

Facilities and Amenities

Lake Terrace Tower Dubai is an attractive place to live long-term because of its extensive provision of on-site facilities.

Residents will not be solely reliant on facilities in the surrounding community; rather, there are a number of recreation and lifestyle amenities within the building.

These include:

• Swimming pool
• Fully equipped gymnasium
• Jacuzzi
• Steam room
• Sauna
• Children’s play area
• Mini golf facility
• Covered resident parking
• High-speed elevators
• 24-hour CCTV security
• Access-controlled entrances
• Pet-friendly environment

Other retail shops on the ground floor add to the convenience, offering groceries, cafés, restaurants, laundry, beauty salons and more without residents needing to go outside.

Living in Jumeirah Lake Towers

Lake Terrace lives up to its name in terms of lifestyle, which is very close to the overall community of Jumeirah Lake Towers.

JLT is not just a residential suburb; it’s a complete neighbourhood composed of residential buildings, office towers, hotels, shops, restaurants, landscaped parks and promenades along the lakeside.

Such mixed-use planning fosters a very walkable community, with the ability to carry out most daily tasks within a short distance from home.

JLT is popular with long-term residents because of the morning walks around the lakes; outdoor cafés, fitness facilities, supermarkets, pharmacies and convenience stores are all part of the town.

The community has become one of Dubai’s most mature urbanized neighbourhoods, with thousands of businesses operating there, and a day-to-day residential character. 

Transportation and Connectivity

One of the most attractive factors that attracts people to choose Lake Terrace over other residential developments, further away from public transport are its accessibility.

The building is very well connected to the road and train services.

People living there enjoy immediate access to:

• DMCC Metro Station
• Dubai Metro Red Line
• Sheikh Zayed Road
• First Al Khail Street
• Taxi services
• Ride-hailing applications

Unlike many suburban residential areas, commuting in Dubai Marina, Dubai Media City, Internet City, or Jebel Ali is much easier for those who work in the area.

The metro station is also close by, which helps to decrease the use of private cars, especially during rush hours in the day. 

Nearby Schools, Healthcare, and Everyday Services

Lake Terrace Tower Dubai offers great benefits in terms of the well-developed neighbourhood with education, healthcare, supermarkets, and lifestyle facilities all within a short distance. Residents have access to a community that has already been built and offers a variety of critical services, rather than depending on future infrastructure.

Schools and Nurseries

There are a few trusted educational facilities in the vicinity of Lake Terrace. Bayut states that some of the closest schools are:

• Regent International School is an independent, National Curriculum of England school.
• Emirates International School Meadows.
• Dubai British School, Jumeirah Park and Dubai British School.

There are the following nurseries available locally:

• Kids Kare Nursery
• Paddington Nursery
• Parkenal Childcare Centre, Oakfield Early Learning Centre JLT
• Kids Kingdom Nursery JLT

The tower is appropriate for families with children of all ages because of these options. 

Healthcare Facilities

Medical clinics and pharmacies, dental centres and hospitals are readily available for residents of JLT and surrounding areas. The building does not provide health services, but there are health services close by so that routine health services are easily available.

There are also several pharmacies located throughout JLT, providing residents access to prescription medications and other health care necessities without having to make extended trips to pick them up.

Shopping and Supermarkets

The convenience of daily shopping is provided by multiple supermarkets within walking distance.

Popular options include:

• Carrefour Market
• Spinneys
• Park n Shop
• Night Mart (on the ground floor of Lake Terrace)

These stores sell groceries, household goods, fresh produce, and necessities and are very convenient for long-term residents. 

Restaurants and Lifestyle Around Lake Terrace

Jumeirah Lake Towers is now one of the most vibrant dining hotspots in Dubai. Residents have a variety of restaurants offering local American, Korean, Indian, Pakistani, Italian, Greek, Middle Eastern, and Asian fare, most of which are within a five-minute walk of the building. 

There are also promenades along the lakeside with coffee shops, bakeries, dessert cafes, and casual restaurants, which add a lively ambiance to the day and evening. This is one of the many factors that make JLT so popular for those who want a more urban style of living without compromising on convenience for professionals and families.

How Lake Terrace Compares with Nearby Residential Towers

Lake Terrace is surrounded by residential buildings, including Lake City Tower and Indigo Tower, within Cluster D. There are various layouts, amenities, and prices of apartments in each building.

Lake Terrace is unique in its:

• Improved stock of housing units.
• Direct lake-facing apartments.
• A wide range of studios to duplex homes.
• Gym, swimming pool, sauna/steam room, children’s play area, mini-golf.
• Retail shops on the ground floor, which improves the convenience of daily life. 

Buyers looking at similar buildings in JLT may prefer to consider other factors such as apartment condition, maintenance standards, service charges, and individual apartment layout preferences, in addition to amenities.

Who Should Consider Living in Lake Terrace?

The location and variety of apartments make Lake Terrace a welcoming place for a diversity of residents.

It is especially recommended for:

• Experts working in Dubai Marina, DMCC, Dubai Media City, or Dubai Internet City.
• Couples who want to live in a residential community that is connected to the metro.
• Looking for large homes close to schools and nurseries.
• Investors who are looking for freehold properties with known rental demand.
• People who prefer to walk to restaurants, supermarkets, and recreational facilities.

It is also quite attractive to those who prefer public over private transport, given its location within JLT.

Advantages and Considerations

Prior to buying or renting an apartment, it is crucial to take into account the quality of the building as well as the advantages and disadvantages of the apartment itself.

Advantages

• Central location in Jumeirah Lake Towers (JLT).
• Developed by DAMAC Properties.
• Access to DMCC Metro Station within walking distance.
• A large variety of apartment layouts.
• Comprehensive lifestyle amenities.
• Good access to retail and dining facilities.
• Excellent Road connectivity through Sheikh Zayed Road.
• Freehold ownership.
• Established mixed-use community.

Considerations

Like many residential projects completed in Dubai:

• The interiors of apartments can differ, as many owners have remodeled their homes and others have left the interiors intact.
• Property owners are responsible for paying service charges, which may vary over time.
• Rental and sale rates will vary with market conditions.
• Despite the excellent transport links in this area, traffic congestion can occur on Sheikh Zayed Road during peak commuting hours.

Conclusion

For anyone seeking a comfortable home or a long-term investment in real estate, Lake Terrace Tower Dubai is a good option. Developed by DAMAC Properties, the tower offers a variety of apartments, modern amenities, and a well-established community environment. It attracts investors, families, and professionals with its quality facilities, practical layouts, and convenient lifestyle. Lake Terrace is one of the prominent residential towers of Jumeirah Lake Towers (JLT), whether you are considering renting or buying. 

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Frequently Asked Questions

Where is Lake Terrace Tower Dubai located?

Lake Terrace is part of Cluster D of Jumeirah Lake Towers (JLT), near DMCC Metro Station and Sheikh Zayed Road. 

Who is the developer of Lake Terrace?

DAMAC Properties developed the tower, and it was completed in 2008. 

What apartment types are available in Lake Terrace?

The building has studios, one-, two-, three bedroom apartments, and duplex units. 

Is Lake Terrace a freehold property?

Yes. Lake Terrace is a freehold residential development within JLT. 

What amenities does the building provide?

They can enjoy a swimming pool, a gym, a sauna, a steam room, a mini-golf, a children’s playground, covered parking, and 24-hour security. 

Is Lake Terrace a good investment?

Lake Terrace’s location and connectivity have been a consistent driver of buyer and tenant demand. The returns vary by property and market, and estimated rental yields are up to 7.23% (according to Bayut). 

Which metro station is closest to Lake Terrace?

The Dubai Metro Red Line’s closest station to the area is DMCC Metro Station.