Lake Terrace Tower: Apartments, Location, Amenities, Prices and Metro Access

Lake Terrace Tower is a Residential High-Rise Development in Dubai, Jumeirah Lake Towers (JLT) Cluster D, completed by DAMAC Properties. The tower is situated next to Almas East Lake, featuring waterfront views, balconies, large floor plans, and proximity to DMCC Metro Station. It is considered a development project as opposed to an off-plan project and is therefore appealing to both tenants looking for a home ready to move in and potential buyers of resale homes in JLT. The building features various studios, one- and two-bedroom apartments and duplexes, and its location is ideal for residents, with easy access to the wider JLT community and its cuisine, cafés, retail outlets and everyday services. 

 Quick Overview

The number of units is a slight discrepancy from what is available publicly. There were 544 reported apartments in the property at the time, and 573 in the property and DLD-related records at the time. For this reason, 544 should be considered as the number of projects originally planned, not the number of projects in the registry.

Where Is Lake Terrace Tower Located?

Lake Terrace Tower is situated in Cluster D, Jumeirah Lake Towers (JLT), Dubai, next to Almas East Lake. The waterfront location offers lake or partial lake views for several apartments, and restaurants, cafés, supermarkets, and other daily services are available in the surrounding JLT community.

The tower is also conveniently located near Sheikh Zayed Road and DMCC Metro Station, making it a convenient place for Dubai Marina, Dubai Media City, Dubai Internet City, Downtown Dubai, and Dubai residents to commute to. This is one of the many reasons why Lake Terrace Tower is one of the top reasons to choose this area as a location. 

Nearby Metro Station

The Red Line of Dubai Metro is the closest rail line to Lake Terrace Tower, with DMCC Metro Station being the closest metro station. Living, working and visiting in and around Dubai, including Dubai Marina, Downtown Dubai and other key areas of the city, will be easier for residents, professionals and visitors thanks to its proximity. 

Why Is Lake Terrace Tower Important?

Lake Terrace Tower is one of the most significant residential projects in Jumeirah Lake Towers as it is a blend of a proven DAMAC development, waterfront living, diverse apartment offerings and community amenities. Built in 2008, the 40-storey tower caters to a range of residents and property investors with studios, one-, two- and three-bedroom apartments and duplexes. The building’s proximity to Almas East Lake, large balconies and views of the lake or the skyline also lend it a unique residential feel. Additionally, it has a swimming pool, gymnasium, sauna, steam room, children’s play area and covered parking that contribute to its appeal, and retail and everyday services at the podium contribute to convenient living. 

History and Structure 

The Lake Terrace Tower is a project by DAMAC Properties to be part of the initial residential developments of Jumeirah Lake Towers (JLT), Dubai. It was finished in 2008 and has been an approved residence in the community since then. It is deeply intertwined with JLT’s reinvention as one of the most prominent mixed-use zones in the city, with residential towers, commercial venues, lakes, restaurants, and everyday services.

A 40-storey residential building is attached to the tower and provides a range of housing options from studios to one, two, and three-bedroom apartments and apartment duplexes. Its design includes private balconies, large windows, and apartments that are designed to benefit from views of Almas East Lake and the surrounding JLT skyline. Covered parking, lifts, recreation space, a swimming pool, and fitness facilities are also provided, offering a blend of residential and lifestyle facilities all in one planned development.

Apartments and Floor Plans

Lake Terrace has a number of different home plans that are available to suit different family sizes and budgets.

Studio Apartments

Studios are one of the smaller space types and are often considered by single homeowners and by investors. Studio layouts in the building are currently listed at approximately the 500 sq.ft. level but may vary from unit to unit. A balcony and a lake or community or a community or lake view can make a significant improvement in the usability and appeal of a studio.

One-Bedroom Apartments

There are many opportunities for resale and rent one-bedroom apartments in Lake Terrace. More recently, floor plans are listed at about 700–750 square feet, but vary between listings. A one-bedroom apartment might contain a living room, dining room, bedroom, bathroom, kitchen, and balcony. A number of apartments offer great views of the lake.

Two-Bedroom Apartments

Couples and small families or those who require extra room for guests or home working benefit from having two bedrooms in their home.

While the bedroom count is a good indication of size, current listings show that two-bedroom units can range in size significantly, so prospective tenants/buyers should look at actual floor plans.

Three-Bedroom Apartments and Duplexes.

Three-bedroom apartments and duplexes are the top housing options. These are larger and might be attractive to bigger families wanting to find a JLT address but not in a new development.

Bayut’s building information also indicates that studio, one-, two- and three-bedroom apartments and duplexes are the primary types of residences in Lake Terrace. 

Amenities at Lake Terrace Tower

Lake Terrace Tower JLT is a full-service residential building with amenities that are consistent with what would be found in a mature full-service residential building. They have a swimming pool, fitness facilities, and a leisure/relaxation area, including a sauna and steam room. The building also features covered parking and security systems.

Key facilities include:

• Swimming pool 
• Poolside leisure area
• Gymnasium 
• fitness centre
• Sauna, steam room 
• Jacuzzi
• Children’s play 
• Covered parking 
• high-speed elevators
• 24-hour security 
• CCTV

The property sources also point to facilities and services like restaurants, salons, laundry facilities and a supermarket within or near the commercial areas of the building.

One benefit of a well-established tower is that would-be tenants or buyers can see for themselves the condition of common areas and facilities before they enter into a tenancy or purchase. This is especially relevant for an older building where the level of maintenance is as important as the specification. 

Why Residents Choose Lake Terrace Tower 

The qualities of living at Lake Terrace Tower are practical, waterfront living, comfortable residences and convenient access to everyday amenities. Many apartments overlook the lake and JLT skyline, and the spacious balconies and large windows allow more natural light to fill the living spaces. The swimming pool, gymnasium, recreation areas, parking and 24-hour security provide a convenient way of life at the building. It is also an ideal residential choice for families and professionals seeking a well-connected home in Dubai, as it has a well-established environment.

The surrounding community of Jumeirah Lakes Towers also enhances the living experience. Residents can easily find cafés, restaurants, supermarkets, salons, retail shops, and outdoor areas, and the DMCC Metro Station offers an excellent public transportation option. The area is also well-connected to Sheikh Zayed Road and other nearby areas like Dubai Marina and Dubai Media City. In general, the way of life is a mix between the convenience of an urban community and the more relaxed lifestyle provided by the lakes and landscapes. 

Apartment Prices at Lake Terrace Tower

The apartment prices of Lake Terrace Tower are different from renting and buying units. Usually, studio and one-bedroom apartments are cheaper, and a two- or three-bedroom suite will be costly. The table below is a general guide to the approximate rent and resale costs of each apartment type. 

Apartment Rental Prices

Rental prices at Lake Terrace Tower depend on the apartment size, furnishing, floor level, view, and condition of the unit. The following table gives an approximate idea of current annual rental prices:

Apartment Sale Prices 

For buyers, sale prices vary according to the apartment’s size, floor, lake view, layout, furnishing, and overall condition. Current market listings generally fall within the following ranges:

Note: These are indicative market ranges based on current listings and can change with market conditions. Actual rental and sale prices may differ from one apartment to another.

Investment Potential of Lake Terrace Tower 

Lake Terrace may appeal to investors due to a number of factors that make it attractive for residential investors: It is near the JLT area, it is metro accessible, it is waterfront, and it offers a wide variety of apartment sizes. It also has the advantage of being owned on a freehold basis, which is important to those who wish to buy Dubai property.

However, do not decide on the property just based on its location at the same time. Lake Terrace is a building that is in a mature state, and as such, all service charges, maintenance quality, condition of the units, yield, and purchase price have to be evaluated together.

Recent records linked to the DLD indicate that there’s still some activity in the building’s secondary market, with apartments still being sold and swapped for new owners. One of the current DLD-register analyses mentions registered sales until 2026 and the discrepancy between registered sales and market listings.

Nearby Hospitals and Medical Centers

There are several multi-specialty health care providers in and around Jumeirah Lakes Towers (JLT) and Dubai communities that are accessible to residents of the Lake Terrace Tower. Any routine consultation, dental care, diagnostic services, or general health care services are available at clinics and medical centres, and larger hospitals and clinics in nearby areas are accessible by car or taxi for more specialised treatment and emergency services. Accessibility to healthcare facilities is also made convenient with the road and metro network, which makes it easier for people to access the facilities across Dubai.

Some options 

• Aster Clinic, JLT
• Saudi German Clinic – JLT
• Mediclinic Me’aisem
• NMC Royal Hospital, DIP
• Medcare Women & Children Hospital

Nearby Schools and Educational Institutions

There are numerous schools, nurseries and educational institutions available in JLT and surrounding residential communities for the families residing at Lake Terrace Tower. There are a number of schools established that are within a short drive that have various teaching styles and programs for young people of different ages. This makes the area an ideal option for those who wish to reside near schools but still have convenient access to Dubai’s major roads and public transport. 

• Emirates International School Meadows
• Dubai British School Emirates Hills
• The Winchester School
• Arcadia Global School
• Regent International School

Nearby Places and Lifestyle

The residents enjoy easy access to a variety of everyday facilities, services and leisure activities that are available at and around Jumeirah Lakes Towers (JLT) and Dubai communities. Residential areas are also conveniently located, with nearby health care, schools, a supermarket, restaurants, cafés, a shopping centre, parks and public transport.

The tower is also conveniently close to Dubai’s major destinations like Dubai Marina, Jumeirah Beach Residence (JBR), Dubai Internet City and Dubai Media City. The convenience of residing near the DMCC Metro Station, coupled with Sheikh Zayed Road’s direct roads, makes it easy for residents to commute to various parts of Dubai for work, education, shopping, and entertainment. 

Renting or Buying 

For professionals, newcomers, or residents looking to stay in Dubai for a short period, renting at Lake Terrace Tower might be a better option, as it is less financially demanding and provides more flexibility to relocate. Purchase, however, might be more suitable for those who live in or invest in the property long term, as they can gain the benefits of freehold ownership, possible rental income, long-term investment potential, and their own control of the property.

Key Checks Before Renting or Buying 

Not all apartments in a building are created equal, and a building’s reputation will not necessarily reflect that. See the unit and check its condition, costs, facilities, and documents before renting or buying it.

• Apartment Condition: Inspect fittings, appliances, windows, flooring, and AC.
• View: To confirm actual lake or community view.
• Parking: Check assigned parking area.
• Service Charges – Enquire about the current rates.
• Maintenance: Inquire about repairs and building maintenance.
• Rental Terms: Ensure rent, deposit, cheques, and inclusions are confirmed.
• Documents: Confirm ownership and necessary DLD paperwork.

The checks are particularly necessary because the conditions, quality of renovation, and outlook of two apartments in the same tower can be very different. 

Pros and Considerations 

Why residents/buyers should think of it:

• The building is near the DMCC Metro Station.
• Waterfront apartments may provide a view of Almas East Lake.
• JLT offers a wide range of restaurants, cafés, and retail services.
• There are several configurations of apartments in the tower.
• The holding is freehold, and it is a secondary market holding.
• There is good road connectivity on Sheikh Zayed Road.

Points to consider:

• Apartment and common area conditions vary; the building is from 2008.
• The most up-to-date data should be used for service charges.
• Not all apartments offer a complete view of a lake.
• The prices of individual units and their rents are very different.
• Purchasers need to differentiate between the original building specifications and the building’s present condition.

Also Read: Gheyath Tower Dubai / Workers Village Mussafah

Final Through

Lake Terrace Tower – an established Residential Development in Jumeirah Lakes Towers (JLT), Dubai, with a waterfront location, easy access to DMCC Metro Station, and various studio and apartment units, plus duplexes. It is designed by DAMAC Properties and finished in 2008, and can accommodate those who wish to live in an urban setting, as well as potential buyers and investors who want a property with a 99-year leasehold or a freehold tenure, in an established community in Dubai. The price, condition, floor, view, layout, service charges and rental return of the individual unit should be taken into account when making the final decision. 

Frequently Asked Questions 

Where is Lake Terrace Tower located?

Lake Terrace Tower is located in Cluster D, Jumeirah Lakes Towers (JLT), Dubai, beside Almas East Lake.

Who is the developer of Lake Terrace Tower?

Lake Terrace was developed by DAMAC Properties, one of Dubai’s established real estate developers.

Is Lake Terrace Tower a good place to live?

Yes. It can be a convenient place to live because of its waterfront setting, residential amenities, nearby shops and restaurants, and easy access to public transport.

Is Lake Terrace Tower near a metro station?

Yes. DMCC Metro Station is the closest major metro connection, providing convenient access to Dubai’s Red Line network.

What types of apartments are available in Lake Terrace?

The tower offers studios, one-, two- and three-bedroom apartments, as well as duplex residences.

Are apartments in Lake Terrace Tower available for rent?

Yes. Apartments are available for annual rental, with prices varying according to bedroom type, size, furnishing, floor, view, and condition.

Can you buy an apartment in Lake Terrace Tower?

Yes. Apartments are available for sale, making the development an option for both owner-occupiers and property investors.

Is Lake Terrace Tower freehold?

Yes. Lake Terrace is a freehold residential development, allowing eligible buyers to own property in Dubai.

Does Lake Terrace Tower have lake views?

Yes. The tower is located beside Almas East Lake, and some apartments offer lake views. The actual outlook depends on the unit’s position and floor.

Is Lake Terrace Tower suitable for families?

It can be suitable for families, especially those looking for larger apartments and convenient access to schools, healthcare facilities, supermarkets, restaurants, and recreational spaces.

What amenities are available at Lake Terrace Tower?

Residents can benefit from facilities such as a swimming pool, gymnasium, sauna, steam room, recreational areas, covered parking, elevators, and security services.

Is Lake Terrace Tower suitable for property investment?

It can be considered for investment because of its established JLT location, freehold ownership, metro access, and rental demand. Investors should compare the purchase price, achievable rent, service charges, maintenance costs, and expected return before buying.