Jumeirah Lakes Towers
Lake Terrace
ليك تراسDAMAC PROPERTIES CO (L.L.C) · Selling since 2008 · recent sales mostly resales
The Land Department’s record
completed per DLD · 100% complete · buildings · 573 units · 1 building · DLD target completion May 2008
Registered developer: DAMAC PROPERTIES CO (L.L.C) (DLD no. 260)
Master developer: DUBAI MULTI COMMODITIES CENTER (DLD no. 153)
Zoned by Dubai Municipality
From the Land Department’s projects file published 15 June 2026. These are the register’s own entries, not a status we determined, and they change only when DLD republishes the file.
Street View imagery near Lake Terrace, via Google — the nearest public-road vantage point, not necessarily the building's own frontage.
Median per sqft
AED 1,591/sqft
3yr CAGR · resales
+7.3%
Resale record
198 months
Registered resales here span 198 months. The CAGR beside this is drawn from them; a figure for what they will do next is a scenario you set on the returns page.
Registered DLD sales · medians, not estimates · how we compute this
What would this size cost?
Enter the size from the brochure or the floor plan. We price it against what homes of that size actually registered at in Lake Terrace — not an asking price, and not this project’s overall median, which mixes every unit size together.
Price per sqft trend
What it returns
A year’s rent against what completed homes of that size actually sold for in Lake Terrace over the same twelve months. Prices are this project’s own registered ready sales; off-plan sales are left out because rent is paid on built homes. Rents marked this building are registered new tenancies in Lake Terrace itself; the rest are homes of the same size in Jumeirah Lakes Towers, used where Ejari did not name the building.
| Size | Costs now, ready | Rents for | Gross yield | Ready sales, 12m |
|---|---|---|---|---|
| Studio | AED 850K | AED 62,000/yrsame size in Jumeirah Lakes Towers | 7.3% | 10 |
| 1 bed | AED 1.16M | AED 85,000/yrsame size in Jumeirah Lakes Towers | 7.3% | 10 |
Why this is lower than yields quoted elsewhere
The usual shortcut divides today’s rent by an average price — and in a market that has risen as far as Dubai’s, the average is a historical price. On that arithmetic a studio here reads 14.1% instead of 7.3%, because it prices the home at AED 438.75K — the median across every sale on record — rather than the AED 850K a completed one costs today. Every figure above uses the same twelve months, and completed homes only, on both sides.
What it returns after service charges
Starting from this building’s own owners-association budget for 2023 — AED 19/sqft, as filed with the Land Department. Charges have risen since then, so replace it with your own invoice if you have one. How to check it.
| Size | Charge / year | Rent after it | Gross | Net |
|---|---|---|---|---|
| Studio | AED 9,686 | AED 52,314 | 7.3% | 6.2% |
| 1 bed | AED 14,181 | AED 70,819 | 7.3% | 6.1% |
Still not the final number: agency commission on re-letting, and any month the home sits empty, both come out of net rent too. This subtracts the service charge only, because it is the one cost that is the same every year whether or not the home is let.
Gross yield: rent before costs. Service charges, agency commission, and any month the home sits empty all come out of it — in Dubai the service charge alone is commonly a fifth to a third of the rent, so treat these as the ceiling rather than the return.
Common questions about Lake Terrace
How much does a home in Lake Terrace cost?
Over the last twelve months a completed studio in Lake Terrace sold for a median AED 850K (10 ready sales), a 1-bedroom for AED 1.16M (10 ready sales). These are medians of sales actually registered with the Dubai Land Department, not asking prices. Completed homes only — off-plan registrations are left out, because they sell at a premium and are not the same purchase.
How much is rent in Lake Terrace?
A studio rents for a median AED 62,000/yr (homes of about that size in Jumeirah Lakes Towers, 375 new tenancies), a 1-bedroom rents for a median AED 85,000/yr (homes of about that size in Jumeirah Lakes Towers, 1,063 new tenancies). These are medians of new tenancy contracts registered with Ejari over the last twelve months — what tenants agreed to pay, not advertised asking rents. Ejari names the building on only about one contract in five, and on none that match Lake Terrace, so every figure above is the rent for homes of that size in Jumeirah Lakes Towers — the area's rent, not this project's own.
What rental yield does Lake Terrace give?
Gross yields on completed homes in Lake Terrace run about 7.3% on a studio, 7.3% on a 1-bedroom, dividing a year of registered rent by what completed homes of that size actually sold for over the same twelve months. Both halves cover the same period, which is why these read lower than yields quoted against an all-time average price. They are gross figures: service charges, agency commission and void periods are not deducted, and in Dubai the service charge alone commonly takes a fifth to a third of the rent.
Is Lake Terrace selling off-plan or as resales?
0% of the 32 sales registered in Lake Terrace in its most recent twelve months of trading were off-plan, and the rest were completed homes. That window ends at this project's own newest registered sale rather than today, so a development that finished selling years ago still reports the year it was actually trading.
When did Lake Terrace start selling?
The Land Department's register holds 1,338 sales in Lake Terrace, the earliest registered in 2008. That is when a sale here was first recorded, which is not the same as when the project launched or completed — the transaction register carries no build date, so we do not publish one.
Due diligence
Price vs. Jumeirah Lakes Towers median
-28.6%
Priced at or below the area's real median.
Developer track record
16,505 real transactions
19 completed · 0 off-plan/in progress
Full track record →Verify before you commit
Permit, title, broker license, escrow — the free official checks.
Verification guide →Handover competition
High competitionWhen Lake Terrace completed in May 2008, 9 other other projects in Jumeirah Lakes Towers were also completing within 6 months — a useful reference point for how crowded the handover window actually was. Separately, 58 more other projects in Jumeirah Lakes Towers are still in the pipeline overall.
Madina Tower
REEF REAL ESTATE INVESTMENT CO (L.L.C)
Nov 2007
Saba Tower 3
SABA PROPERTIES DMCC
Jan 2008
Alshera Tower
SALEH BIN LAHEJ REAL ESTATE L.L.C
Jan 2008
Saba Tower 2
SABA PROPERTIES DMCC
Mar 2008
Concorde Tower
32 GROUP PROPERTIES LIMITED
Apr 2008
Liwa Heights
MAYSAN REAL ESTATE INVESTMENT (L.L.C)
Aug 2008
Lake City Tower
Tiger Properties
Sep 2008
Al Mas Tower
DUBAI MULTI COMMODITIES CENTER
Oct 2008
Al Seef II
Deyaar Development (P.J.S.C)
Nov 2008
What's around this property
Transport, schools, healthcare, and daily essentials within 3 km.
Nearest metro
252 m
DMCC
Nearest school
1.6 km
Emirates International School - Meadows
Nearest hospital
1.6 km
Lux Aeterna Clinic
Nearest supermarket
42 m
ZOOM market
Metro stations
- DMCC252 m
- DMCC254 m
- DMCC257 m
- Sobha Realty1.3 km
Schools
- Emirates International School - Meadows1.6 km
Hospitals & clinics
- Lux Aeterna Clinic1.6 km
- Emirates Hospital1.7 km
- Health Avenue Polyclinics1.7 km
- Aster Medical2.6 km
Supermarkets
- ZOOM market42 m
- Viva132 m
- Carrefour175 m
- Spinneys267 m
Bus stops
- Big bus 18 Dubai Marina / JBR1.2 km
- Bus stop1.3 km
- Bus stop1.3 km
- Big bus (blue 17)1.3 km
Pharmacies
- Life Pharmacy501 m
- life508 m
- Life Pharmacy510 m
- Aster538 m
Malls
- Dubai Marina Mall733 m
- Bluewaters Wharf Retail1.9 km
- The Wharf2.1 km
- Ibn Battuta Mall3.5 km
Parks
- Jumeirah Lakes Towers Park712 m
- DEWA Staff1.2 km
- Community Park3.0 km
Mosques
- Al Rahim Mosque919 m
- Al Tasamuh Mosque2.2 km
- Mosque Sheikh Rashid bin Mohammed2.2 km
- Masjid Abdullah Ali Al-Chaafar2.7 km
Straight-line distances — actual walking or driving routes will be longer. Measured from this project's own mapped location. Places data from OpenStreetMap.
Loading map…
Building in this project
Priced from each tower’s own registered sales, rather than the project median above.
Other projects in Jumeirah Lakes Towers
Mercer House
ELN PROPERTIES DEVELOPMENT L.L.C
AED 2,944/sqft
Serenia District - East
Unknown developer
AED 2,421/sqft
Eltiera Views
Ellington Pcfc Developers L.L.C
AED 2,378/sqft
Viewz 1 By Danube
Danube Properties Development L.L.C
AED 2,345/sqft
Viewz 2 By Danube
Danube Properties Development L.L.C
AED 2,209/sqft
Buying in Lake Terrace?
Everything above is free and stays free. What this page cannot tell you is what your unit is worth — the median here covers every size at once, and a two-bedroom can be 1,062 or 1,558 sqft. Our report matches comparable sales to one unit's size, and adds the three checks that need a person to open an official system on the day: the agent's licence, the project's escrow, and its registered status.
Get an independent reportFrom AED 1,500. Nothing is charged until you have a quote and accept it. See a sample