Properties for Sale in The Lakes
About the area
The Lakes is part of the large emerging area of Emirates Living. It adjoins First Al Khail Street, which leads to Sheikh Zayed Road, and Al Khamila Street, which connects to Sheikh Mohammed Bin Zayed Road. The developer of the project is Emaar Properties, a well-known company in the UAE.
The Lakes borders the Meadows, Emirates Hills, and the two golf courses: Montgomerie Golf Club and Emirates Golf Club. Additional nearby neighbourhoods include Dubai Marina, Jumeirah Lake Towers, Dubai Internet City, Dubai Media City, and Dubai Knowledge Park.
The Lakes offers properties for rent and sale, and units include detached villas and townhouses. In total, the Lakes has six communities: Deema, Forat, Ghadeer, Hattan, Maeen, and Zulal. They feature 600 residential units with 12 different types of floor plans. Properties have a modern architectural style and are surrounded by parks, lakes, swimming pools, leisure areas, sports fields, and children’s playgrounds.
Developers in The Lakes
Infrastructure
The Lakes feature an abundance of green spaces, water areas, and quick access to public and business facilities.
The communities also offer a variety of amenities and nearby attractions, including:
- Volleyball and squash courts
- Tennis courts
- Communal swimming pools
- Gym
- Grocery stores
- Health club
- Restaurant and cafés
- Nursery
- Hotel
- Lakes and parks
- Two golf courses
There are several bus stops near the communities, including service to other parts of the neighbourhood
The Lakes is located near several grocery stores, including Choithrams, Spinneys, and Organic Foods and Café, which are located within a 5-minute drive. Residents can also enjoy nearby shopping centres, such as the Dubai Marina Mall and the GATE Warehouse Price department store, which are situated within a 12-minute drive.
Residents with pre-schoolers can take advantage of Raffles Nursery Lakes in the neighbourhood. Additional schools can be accessed in surrounding areas. For example, the nearest educational institutions in Al Barsha, such as GEMS Dubai American Academy and American School Dubai, can be reached within a 15-minute drive.
The closest medical facilities are the Saudi German Hospital, Al Zahra Hospital, and American Hospital Dubai. There are also several health and wellness centres in the Jumeirah Lake Towers area. All of these facilities are located within a 15-minute drive of the Lakes.
Location
The Lakes is situated within a 10-minute drive of where Sheikh Zayed Road meets Sheikh Mohammed Bin Zayed Road. These major highways link together the developed parts of Dubai. The Lakes is located within a short drive of several popular destinations, including:
- The Walk at Dubai Marina (10 min.)
- Barasti Beach and JBR beaches (15 min.)
- Ibn Battuta and Mall of the Emirates (15 min.)
- Dubai Mall and Burj Khalifa (20 min.)
- Dubai International Airport (25 min.)
- Al Maktoum International Airport (30 min.)
Economic attractiveness
The Lakes attracts long-term tenants, including families with children and professionals who value an environmentally-friendly neighbourhood and easy access to educational, medical, and business facilities. The Zulal community offers the lowest rental price for a property, which is AED 170,000 (USD 46,000), per year. The villas in the Deema community have the highest property prices, which are AED 395,000 (USD 107,500), per year.
For investors, the purchase of a villa or townhouse can bring in a high annual return. Residential properties with three bedrooms have the highest ROI, which is 6.2%. Four and five-bedroom villas have a return on investment rate of 5.7% and 5.2%, respectively, and a six-bedroom property has a return rate of 4.3%.
*The price is valid for 2023
Top property projects
The most popular communities include Zulal, Ghadeer, and Maeen. They are situated near a lake, which sits in the centre of the neighbourhood. Several units are near the shore and have beautiful views of landscaped spaces. Each of the three communities also has a community park with a swimming pool.
Zulal offers three and four-bedroom villas and three-bedroom townhouses. Properties range in size from 2,180 sq. ft. (202 sq. m.) to 4,956 sq. ft. (460 sq. m.). The cost of a villa ranges from AED 3,000,000 (USD 817,000) to AED 5,900,000 (USD 1,606,000), and the cost of a townhouse ranges from AED 3,200,000 (USD 871,000) to AED 3,500,000 (USD 953,000).
*The price is valid for 2023
Ghadeer features three-bedroom villas and townhouses ranging in size from 2,436 sq. ft. (226 sq. m.) to 6,359 sq. ft. (591 sq. m). The cost of a villa ranges from AED 3,000,000 (USD 817,000) to AED 4,475,000 (USD 1,218,000), and the cost of a townhouse starts at AED 3,950,000 (USD 1,075,000).
Maeen offers villas with two to five bedrooms and three-bedroom townhouses. Properties range in size from 2,103 sq. ft. (195 sq. m.) to 3,687 sq. ft. (342 sq. m.). The cost of a villa ranges from AED 3,000,000 (USD 817,000) to AED 6,000,000 (USD 1,633,000), and the cost of a townhouse starts at AED 3,200,000 (USD 871,000).
*The price is valid for 2023
Attractions
The Montgomerie Golf Club and the Emirates Golf Club border the communities. Both clubs provide 18-hole golf courses, as well as parking, cafés, restaurants, and shops.
The Walk JBR at Dubai Marina is located within a 15-minute drive of the Lakes. The area offers fashionable hotels, restaurants, and retail stores, and it has a beach area with plenty of visitor attractions.
The Jebel Ali Racecourse is situated within an 8-minute drive of the communities. The facility was designed for horse racing enthusiasts and features a 2,200 metre dirt track shaped like a horseshoe. Its steep incline allows sprint races over a straight distance of up to 1,400 metres.
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