Lake Point Tower is a 45-storey residential complex located in Dubai’s Jumeirah Lakes Towers area. The modern 184-metre skyscraper by Gulf General Investments Company PSC was completed in 2008, with the National Engineering Bureau acting as the architectural consultant for the project.
The residential complex offers a collection of 414 properties: studios and apartments with 1, 2 and 3 bedrooms. All residences are ready to move in and are equipped with plumbing, fitted kitchens, built-in closets and panoramic windows overlooking the lakes and skyscrapers. Among the secondary market properties for purchase in the complex, fully furnished residences are also available. The minimum size of 1-bedroom apartments for sale is 79 square meters (850 square feet), and the price of housing in Lake Point Tower starts from AED 590,000 (USD 149,000).
Lake Point Tower residential complex provides residents with the following amenities and services:
Jumeirah Lakes Towers, home to Lake Point Tower, is an area of modern skyscrapers surrounded by man-made reservoirs. DMCC Metro Station and DAMAC Properties Metro Station are a 20-minute walk from the complex, and several bus stops are a 2-8 minute drive away. Aura Fresh, In N Out Supermarket and Spinneys are nearby and can be reached within a 4-10 minute walk, while The Dubai Marina Walk by Emaar is a 7-minute drive away.
Residents can use the main street of Dubai Sheikh Zayed Road, which is located in close proximity to the apartment complex, to reach:
The complex’s modern amenities and close proximity to lakes, walking areas and the subway attract long-term tenants. Lake Point Tower real estate is a focus for investors who expect high returns. The ROI of investing in 3-bedroom apartments has the highest rate of 10.2%, while the ROI of 2-bedroom residences can reach 8% and 1-bedrooms, 7.4%. The average cost of one-bedroom apartments in the complex is AED 625,000 (USD 158,000), and the average rent for this type of housing is AED 45,000 (USD 12,000) per year.
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