Lake View Tower
Apartment
About the building
40-storey residential building in JLT Cluster B, completed in 2009. Developer — Damac Properties. Architect — Al Gurg.
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 NP18-574924
How much is this apartment in Lake View Tower?
Lot NP18-574924 is priced at AED 720 000, about $196 000. The size is 420 sq ft (39 m²), which works out at AED 1 714 per sq ft.
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. The comparisons below show how that price sits against the market.
How does this price compare with other lots in Lake View Tower?
The database holds 5 lots in Lake View Tower right now, from AED 720 000 to AED 2 350 000. At AED 1 714 per sq ft this lot is level with the median for the other lots in the project (AED 1 679).
Is this expensive or cheap for JLT?
The database holds 111 lots in JLT. The area median is AED 2 040 per sq ft; this lot, at AED 1 714, is 16% below it. 25 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?
The listing gives no handover date. 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, and the listing does not confirm that this property is ready. If it has been handed over, the numbers are: a resident puts down from 20%, here AED 144 000; a loan of AED 576 000 over 25 years at 3.75–4.99% a year comes to roughly AED 3 000–3 400 a month. A non-resident puts down from 40% (AED 288 000) and pays about AED 2 200–2 500 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 28 800 for this lot. 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?
The lot's price is AED 30 000 below the classic threshold for the two-year residence visa (AED 750 000) and AED 1 280 000 short of the Golden Visa, granted from AED 2 000 000. A visa consultant can go through the grounds that remain at this price.
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 NP18-574924 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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