Rent Trends in Jumeirah Lake Towers

Apartments_For_Rent_JLT_Dubai

Jumeirah Lake Towers (JLT) is one of the major areas in Dubai. Home to many skyscrapers and vertical towers, JLT is sought after by many who are looking for the best places to rent apartments in Dubai. JLT also has many numbers of amenities that cater to the everyday needs of the people, including shops, restaurants and cafes.

Developed by DMCC (Dubai Multi Commodities Centre), Jumeirah Lake Towers is designed as an independent community. There are 26 clusters with each cluster having 3 buildings each. The clusters are named after the letters of the English alphabet, from A to Z. The buildings in each of the clusters comprise of apartments, offices, hotels and shops. Being a community that offers everything is what helps people flock to JLT. As it is said popularly, to understand the diversity of Dubai’s population, you just need to pay a visit to JLT, which is home to many nationalities.

Another fact that makes JLT popular with the residents and expats alike is the ease of navigating the community. The neighbourhood is lively and easygoing, with a vibrant and sophisticated lifestyle always hanging in the air. The wide range of amenities available at JLT caters to the many needs of families and young professionals.

JLT is a community that mainly caters to the residential needs of the people. You can find high-rise buildings that have apartments varying in sizes. The different types of apartments available at JLT include studios, 1 bedroom, 2 bedroom, 3 bedroom and 4 bedroom apartments.

The best feature of the apartments available at JLT is that it is spacious. Bachelors can enjoy a comfortable stay at the studio apartments that starts at a floor area of 370 sq. ft. and could go up to 550 sq. ft. 1 bedroom apartments can easily accommodate small families and it has a floor area of up to 900 sq. ft. If you are a member of a large family and looking for apartments for rent in JLT, you can choose between the 2 bedroom and 3 bedroom apartments. The floor area for 2 bedroom apartments is 1200 sq. ft while the floor area for 3 bedroom apartments is 2500 sq. ft.

What makes the JLT community different from all the other communities in Dubai is that the different towers in JLT are built by different developers, thereby making each unique. When you have to settle for the identical in other communities, you can easily choose the tower that suits your taste and rent an apartment in it.

The clusters in JLT are split into approximately two halves by a road that connects Sheikh Zayed Road(E11) with First Al Khail Street. On the one side, you can find clusters from A to N, which are located closer to Abu Dhabi and from Cluster O to Cluster Z on the other side, which lies closer to Dubai.

The Rent Trends

Rent becomes a major factor while searching for apartments in Dubai. JLT is a community that has a comparatively lower rent than the neighbouring areas. Being affordable is what attracts many people to JLT.

According to the latest trends, you can find the average annual rent for the different apartments available at JLT in the table below:

Apartment Size Average Rent Per Year (AED)
Studio 43 K – 53 K
1 Bedroom Apartment 62 K – 76 K
2 Bedroom Apartment 87 K – 107 K
3 Bedroom Apartment 111 K – 135 K
4 Bedroom Apartment 138 K – 168 K

 

The average annual rent for studio apartments ranges from AED 43,000 to AED 53,000. When it comes to 1 bedroom apartments, the annual average rent ranges between AED 62,000 to AED 76,000. Spacious 2 bedroom apartments are available at an average annual rent ranging between AED 87,000 to AED 107,000. Bigger families can go for the 3 bedroom apartments that come with a maid’s room. The average annual rent for these apartments ranges between AED 111,000 to AED 135,000. If you are looking for 4 bedroom apartments, you will have to pay an average annual rent ranging between AED 138,000 to AED 168,000. 

JLT is, without any doubt, one of the best areas in Dubai for renting apartments. It is not just that you can enjoy a hassle-free lifestyle at the community, but also some spectacular and stunning views of the lake.