Lake City Tower
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Lake City Tower

About project

Lake City Tower is a 36-storey residential complex located in Jumeirah Lakes Towers. The developer of this project is Tiger Properties. The building includes 36 floors. Its height reaches 152 meters. Construction of Lake City Tower began in 2005 and was completed in 2008. All the facilities are ready for occupancy.

Lake City Tower provides its residents with studios and 1-bedroom and 2-bedroom apartments of 400 to 1400 square feet. A total of 422 properties are concentrated inside the building. The purchase price of the property ranges from AED 475,000 (USD 129,000). Annual rent for an apartment in Lake City Tower costs from AED 45,000 (USD 12,250).

Amenities include access to:

  • walking parks,
  • restaurants,
  • retail outlets,
  • a gym,
  • wellness club,
  • a jacuzzi,
  • a rooftop pool,
  • a sauna
  • private parking on the ground floor.

Residents of Lake City Tower also have access to concierge services and pets are allowed.

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Location

Lake City Tower is in the well-developed residential area of Jumeirah Lakes Towers. Nearby can be found bus, streetcar and DMCC stations.

Many popular Dubai destinations can be easily accessed from the complex, including:

  • Dubai Marina Walk in 15 minutes;
  • AquaFun Water Park in 20 minutes;
  • Dubai Mall in 35 minutes;
  • Burj Al Arab in 20 minutes;
  • The Walk JBR in 20 minutes;
  • Al Maktoum International Airport in 35 minutes;
  • Dubai International Airport in 45 minutes.

Nearby, on the waterfront, there are outdoor cafes and restaurants, retail stores, plazas and gardens, public areas, café terraces and benches, day care centers and a playground for children has also been built within the community.

There are several chain supermarkets including Carrefour Market, Spinneys, Al Maya Supermarket and Choithrams Supermarket within a 10 minute walk of the building.

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Payback

Lake City Tower is part of the Jumeirah Lakes Towers development. The building is surrounded by picturesque parks, cafes and stores. The complex provides residents with the opportunity to live in a comfortable environment, with all the modern facilities you could need, from the swimming pool to the gym.

The community is focused primarily on family, business people. With  easy access to entertainment facilities, schools and kindergartens,  convenient transport allows you to get to any point in the Emirate. This housing is suitable for permanent residence and for long term rentals. The profitability of apartments in Lake City Tower is estimated at 6.42% per annum.

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