JLT & DMCC
JLT /JUMEIRAH LAKE TOWERS/ & DMCC: A Vibrant Urban Community
Diverse mix of residential and commercial properties, a vibrant social scene, family-friendly activities. Apart of many business centers with offices, you can find here parks, promenade around hand-made lakes, hospitals, shopping and dining…
LATEST LAUNCHES
W RESIDENCES JLT
Av.starting PRICE: 2'600 AED/sqft, Remaining SIZEs: from 1465 sqft in 2-Br. Handover: Q4 2028, PP: 50/50. Number of Units: 221
MARRIOTT RESIDENCES JLT
Av.starting PRICE: 2'900 AED/sqft, Remaining SIZEs: from 713 sqft in 1-Br. Handover: Q3 2027, PP: 50 during construction/15 on Handover/35 PostHandover. Number of Units: 540
MERCER HOUSE
Av.starting PRICE: 2'520 AED/sqft, Remaining SIZEs: from 1477 sqft in 2-Br. Handover: Q3 2027, PP: 70/30. Number of Units: 600
UPPER HOUSE
Av.starting PRICE: 2'150 AED/sqft, Remaining SIZEs: from 1203 sqft in 2-Br. Handover: Q1 2026, PP: 70/30. Number of Units: 762
VERDE
Sold out from developer. Available only at Secondary Market. Handover: Q4 2026, PP: 60/40. Number of Units: 643
SERENIA DISTRICT WEST
Av.starting PRICE: 2'350 AED/sqft, Remaining SIZEs: from 825 sqft in 1-Br. Handover: Q4 2028, PP: 60/40. Number of Units: 464
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JUMEIRAH BUSINESS CENTER
commercial
Overview of JLT and DMCC
Established in 2002, DMCC is a government entity designed to promote trade and investment in Dubai. It offers businesses benefits such as 100% foreign ownership, no restrictions on capital repatriation, and zero corporate and personal income tax. This has attracted over 25,000 companies to the free zone, ranging from startups to multinational corporations.
Real Estate Market Performance
The real estate market in JLT has shown robust performance. As of April 2023, the average asking price for a one-bedroom apartment was AED 950,000, with transaction prices averaging AED 760,000. Rental yields are attractive, with average gross yields reported at 7.3%. Additionally, rental rates have seen a year-on-year increase of 27%, reflecting strong demand.
Investment Opportunities and Developments
JLT’s strategic location and infrastructure make it appealing for various investment avenues:
Residential Properties: Investors can choose from a variety of apartments, villas, and townhouses. The area boasts modern amenities, including swimming pools, gyms, and proximity to shops and restaurants.
Commercial Properties: The presence of DMCC has attracted numerous businesses, enhancing the demand for office spaces. The upcoming 17-story Crypto Tower, a collaboration between DMCC and REIT Development, is set to bolster JLT’s status as a global hub for innovation and advanced technologies.
Prospects and Considerations
Investing in JLT offers several advantages:
Strategic Location: Proximity to major hubs like Dubai Marina and Downtown Dubai enhances its appeal.
Quality Infrastructure: The area is well-serviced by public transport, including metro stations, and offers a range of amenities such as parks, lakes, hotels, and spas.
Diverse Business Opportunities: The DMCC free zone provides a supportive environment for businesses, contributing to a vibrant community.
However, potential investors should be mindful of market fluctuations and conduct thorough research before making investment decisions.
Conclusion
Jumeirah Lake Towers, underpinned by the DMCC, presents a dynamic environment for real estate investment. Its strategic location, robust infrastructure, and diverse investment opportunities make it a compelling choice for investors seeking growth in Dubai’s real estate market.
