Jumeirah Lake Towers (JLT)
Jumeirah Lake Towers (JLT) is a great community with attractive yields in Dubai. This area is attractive to expats and tourists, who like to stay close to the beach. As a result, the investor in Jumeirah Lake Towers appeals to multiple audiences.
General information
Jumeirah Lake Towers (JLT) is an attractive residential and business district in Dubai. This neighborhood has a peaceful atmosphere and offers residents and visitors a mix of modern facilities and a convenient location near the beach.
The towers along the artificial lakes create a special environment. The community is diverse, with people from all over the world, leading to an interesting mix of restaurants and stores. You will find a variety of eateries and local boutiques.
For business activities, JLT is a convenient place, with modern office spaces and proximity to business districts such as Dubai Media City and Dubai Internet City. Public transportation is easily accessible, giving you quick access to other parts of Dubai.
Whether you are looking for relaxed living, a place to work, or just want to enjoy the amenities, Jumeirah Lake Towers offers a pleasant lifestyle without the hustle and bustle of the city center. It is a popular choice for people who want to combine the tranquility of the lakes with the modern amenities of Dubai.
ROI and capital appreciation
Returns and appreciation in Jumeirah Lake Towers are good. The studios and 1-bedroom apartments realize the best ROIs in this region. It is recommended that the properties be rented for short-term in the high season and long-term in the low season. Depending on the developer, the studios start from around €250,000 and the 1-bedroom apartments from around €400,000.
Off-plan
New construction in this region increases in value by about 10% to 30% during the construction phase, which is often 3 years. The short-term rental net return on the initial investment is between 5% and 7% net. After completion, the increase in value in this region is between 5% and 10% per year.
Ready built
Existing construction in this region is experiencing value appreciation between 5% and 10% per year. Short-term rental net returns on initial investment are between 3% and 5% per year for existing construction.
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