Lake View Tower
Studio
About the building
40-storey residential building in JLT Cluster B, completed in 2009. Developer — Damac Properties. Architect — Al Gurg.
Specifications for Lake View per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.
Where it is
JLT
Jumeirah Lake Towers: the cluster grid across the highway from Marina — cheaper, calmer, and with a metro station at each end.
- above-average yields
- metro access
- central location at lower cost
What to check: Quality varies sharply between clusters and between towers within a cluster. Visit the specific building, check where it sits relative to the lake and the metro, and pull the service charge history before you commit.
Full district guide →Questions and answers about lot NP1-476860
How much is this studio in Lake View Tower?
Lot NP1-476860 is priced at AED 810 000, about $221 000. The listing does not state a size, so no price per square foot is given.
Is there a discount on this lot?
There is no recorded price cut: the lot is in the database at the seller's asking price.
What are prices like in JLT?
The database holds 70 lots in JLT. The area median is AED 1 937 per sq ft. This lot's size is not stated, so its price per sq ft cannot be compared with the area. 23 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
JLT area guide →Is the property ready or still under construction?
According to the listing, the property is ready. The project passport gives 2009 as the completion year.
Can this lot be bought with a mortgage, and what would the payment be?
UAE banks lend on ready homes to both residents and non-residents. For this lot: a resident puts down from 20%, here AED 162 000; a loan of AED 648 000 over 25 years at 3.75–4.99% a year comes to roughly AED 3 300–3 800 a month. A non-resident puts down from 40% (AED 324 000) and pays about AED 2 500–2 800 a month. The bank approves the rate and the amount.
Run your own numbers in the mortgage calculator →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 32 400 for this lot. On a ready property the registration trustee fee of AED 4 200 is added. With a mortgage the bank charges for processing and valuation, and the mortgage is registered for a separate fee. I will send the full calculation for this lot on request.
Does buying this lot qualify for a UAE residence visa?
On price the lot clears the classic threshold for the two-year residence visa, AED 750 000. It is AED 1 190 000 short of the 10-year Golden Visa, granted from AED 2 000 000. The threshold is measured by the Dubai Land Department valuation, not the contract, and only freehold qualifies.
Golden Visa and residence visas →What is known about Lake View Tower?
The building has 40 floors. Completion year: 2009. Figures are from the project passport: Propsearch and the Dubai Land Department.
How do I view the property and get the exact address?
Lots in the database are anonymised: the unit number, exact address and owner's details are not published. Send the lot code NP1-476860 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
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