Lake Terrace Tower Dubai: Location, Apartments, Amenities and 2026 Property Guide

Lake Terrace Tower is a 40-storey residential tower in Jumeirah Lake Towers (JLT), Cluster D, Dubai. It was built by DAMAC Properties and finished in 2008. The tower is located next to Almas East Lake and is available for studios, 1-bedroom, 2-bedroom, and 3-bedroom apartments and duplex apartments. A large number of homes have balconies and views of the surrounding lake and JLT skyline. There is also access to facilities like a swimming pool, gym, sauna, and Jacuzzi for residents. Residents will find it easier to commute to the building, as it is near the DMCC Metro Station. It also provides access to Sheikh Zayed Road and the rest of the JLT community, which has restaurants, cafés, shops, supermarkets, and other common services available, all within a short distance away.

Lake Terrace Tower at a Glance

Property detail	Information
Location	Jumeirah Lake Towers, Cluster D
Developer	DAMAC Properties
Status	Completed
Completion	2008
Building height	40 floors
Property type	Residential apartments
Units	Studios, 1, 2 and 3-bedroom apartments, duplexes
Ownership	Freehold
Nearby lake	Almas East Lake
Metro access	DMCC Metro Station
Main road access	Sheikh Zayed Road

The building is identified by Bayut as a 40-floor residential development completed in 2008 with 544 units; DAMAC confirms its location in Cluster D, the mix of its apartments, the nature of its lake setting, and the completed status. 

Where Is Lake Terrace Tower Located?

Lake Terrace is located in Cluster D of Jumeirah Lake Towers, on the edge of Almas East Lake. The tower is located in a mixed-use area, including residential towers, offices, restaurants, shops, and daily services. Dubai Media City is a mixed-use free zone development with direct access to Sheikh Zayed Road and two Dubai Metro stations, says DAMAC.  

The Cluster D setting also has the building located near other existing JLT towers such as the Indigo Tower and Lake City Tower. The area is urban, and there are numerous services available without a long drive. 

Lake views and Metro connectivity are among the greatest upsides of the location. One of the two Metro stations in JLT is directly across from Lake Terrace, says the DAMAC. Now, Bayut estimates the walk to DMCC Metro Station to be approximately four minutes. 

Sheikh Zayed Road is in the vicinity of the development for drivers. The tower is viable for commuters heading towards Dubai Marina, Dubai Media City, Dubai Internet City, Dubai Jumeirah Beach Residence and other key destinations on the Sheikh Zayed Road axis.

Building Design and Development History

Lake Terrace is a development by DAMAC Properties and was completed in 2008. The building features a unique white and turquoise facade and a unique apartment layout, with apartments and duplex apartments. 

The architectural style of the tower is related to its waterfront condition. Depending on the position of the apartment and the floor, they can either overlook Almas East Lake or the surrounding JLT skyscrapers, etc. The properties include a number of features, including large picture windows and spacious balconies, as described by DAMAC. 

The figures for buildings published vary somewhat. The Bayut property list contains 40 floors and 544 units; other property databases have a different count of units. These figures do not represent an official total, as they do not match up with other sources of information on secondary buildings. 

Apartment Types and Floor Plans

The building is designed for various configurations and can accommodate different household sizes. DAMAC confirms studios, one-bedroom, two-bedroom, and three-bedroom apartments and duplexes. 

Studio Apartments

According to published floor plans from Bayut, studios range in size from about 470 to 570 sq. ft. The standard packages usually consist of a living space, a kitchen, a bathroom, and a balcony. 

While studios may be suitable for one person, they can also be ideal for couples or those seeking an alternative to the main entrance into JLT. Actual layouts, views, and asking prices vary between individual units.

One-Bedroom Apartments

According to Bayut, one-bedroom apartments are offered for around 718 to 900 sq. ft. Common floor plans feature a bedroom, living and dining space, kitchen, bathroom or bathrooms, and a balcony. 

The balcony may be especially beneficial in this building as some apartments may have views of the lake. But it is important to check the exact orientation and the view from each unit as opposed to assuming that every apartment enjoys a water view.

Two-Bedroom Apartments

Typically, two-bedroom apartments are ideal for having more space and for a small family or those who require a second bedroom or home office. The size of the bayut is quoted at around 1200 to 1265 sq. ft.; however, the detailed page has a slightly different figure in one section, so each bayut should be checked with regard to a specific size. 

The current Property Finder transactions also indicate that units with two bedrooms are still being sold in the building, which demonstrates that this type of unit is still in the secondary market. 

Three-Bedroom Apartments and Duplexes

The largest type of standard apartment in the building is the 3-bedroom unit. Their size is given in various published sources: 1478 sq. ft. and upwards, depending on layout. 

DAMAC also assures availability of duplexes. Duplexes may vary greatly from conventional apartments, so one should check the floor plan and internal area and balcony arrangement of each property.

Amenities at Lake Terrace

The building provides a combination of fitness, leisure, parking, and residential services. DAMAC verifies a swimming pool that sits at the level of the podium, a sun terrace, and an adequate gymnasium. Other facilities are also mentioned on Bayut. 

The following facilities were reported to be key in the building:

• The swimming pool area and leisure area.
• Gym and fitness centres
• Sauna and Jacuzzi
• Children’s play area
• Covered parking
• High-speed elevators
• Security and CCTV
• Central air conditioning
• Maintenance services
• Concierge or guest services
• Running shops and services on the ground floor of the building.

Bayut also doubles as a list of restaurants, salons, a supermarket, and other commercial establishments that are located inside or near the building. 

Amenities and facilities in the immediate vicinity of the buildings are different. Restaurants and shops situated around Cluster D may be close to residents, but they need not be considered facilities provided by the tower itself.

Public Transport Near Lake Terrace

One of the best practical benefits of the location is the public transport.

DMCC Metro Station is the closest metro station to the hotel. According to Bayut, the station is about 4 minutes walking distance away from the building, while according to DAMAC, the Lake Terrace is directly across from one of the two Metro stations serving JLT. 

The nearby Landside Bus Stop of the DMCC Metro station is also available for bus services like JLT2 (according to Bayut). 

The Jumeirah Lakes Towers Metro and Tram connections are confirmed in the wider transport network by RTA network information. 

This connectivity can help those who do not own a car to eliminate the need for taxis in their daily lives. Sheikh Zayed Road is another significant transport route for motorists.

Shops, Restaurants and Everyday Services

JLT is built as a mixed-use community, and not in an isolated, residential development, meaning that residents have commercial services around them. The community has cafes, restaurants, retail and lifestyle activities on the ground and podium levels, DAMAC says. 

According to Bayut, there are restaurants, salons, and a confectionery shop and supermarket around the lake. 

Residents can use this to their advantage as it enables them to complete normal tasks close to JLT. There is also a good range of restaurants and cafes in the community, providing additional options for residents who do not want to drive for short-distance trips.

Dubai Marina Mall is among the large malls located nearby for shopping beyond the day-to-day necessities. Bayut places it around 13 minutes’ walk from the building, but the actual time depends on the traffic. 

Lake Terrace Tower Property Prices in 2026

The price of properties depends on the size of the unit, the floor, furnishing, condition, view, and the occupancy and market conditions. Therefore, it would be incorrect to give just a single “Lake Terrace price”.

Current Property Finder transaction data offers a more valuable view of the secondary market. It reports 31 sale transactions over the previous 12 months on its current Lake Terrace area page. In 2026, examples of units sold include a studio for AED 870,000, a one-bedroom unit for AED 1.09 million, and another one-bedroom unit for AED 1.125 million, as well as a two-bedroom unit for AED 2.05 million. 

These are only individual transactions, and not an average asking price for the building. The difference is important since two apartments with the same bedroom configuration may have vastly different values.

For instance, in the examples on its page, the price of studio transactions between AED 625,051 and 1.03 million are shown on Property Finder’s records. 

The buyer needs to compare recent transactions for the same unit type, similar approximate size, floor level, and view before deciding on a reasonable price.

Rental Market in Lake Terrace

The building is also occupied by a rental business. The studios listed on Current Property Finder have various annual rent prices, and recent transactions for studios included renting for AED 45,000 to AED 60,000 per year, as shown in the examples. 

A current listing of a furnished 516 sq. ft. studio was listed at AED 84,000 per year, but this listing included additional services and utilities, which is why additional comparisons cannot be made for advertised rents. 

The following should be taken into account in a more accurate rental assessment:

• The number of people in a unit and the number of bedrooms.
• Furnished or unfurnished:
• Lake or city view
• Floor level
• Renovation quality
• Parking availability
• Contract length
• Whether utilities/services are included or not

Landlords may update rent and other conditions on their rental ads quickly, so prospective tenants should confirm the asking rent and conditions of the contract before deciding.

Service Charges and Ownership Costs

A service charge is an important factor for those who are buying an apartment and not renting one.

Today Bayut lists a price of AED 17.16 per sq.ft. for the Lake Terrace service charge, based on a few categories and associated with the Dubai Land Department data. The same page also has a disclaimer that “Service charges are subject to change”. 

This is not a fixed cost, and should not be used to determine a long-term fixed budget. Before purchasing a property, owners need to check the existing approved charges in the relevant Dubai property records.

Additional ownership fees include transaction fees, maintenance expenses, utilities, financing fees and property management fees. These will differ depending upon the transaction and ownership arrangement.

Is Lake Terrace a Good Place to Live?

The most important attributes for residents are location, access to Metro, lake environment and availability of services in the local community.

The tower is also ideal for those who prefer public transport. Access to DMCC Metro Station makes commuting more convenient than in many residential buildings, where one must have a car or taxi to get to the nearest station.

An off-plan development might be a more attractive prospect to the person who prefers to buy or rent from an existing building rather than a new construction. Meanwhile, potential tenants should keep in mind that Lake Terrace was built in 2008, meaning that the state of any given apartment may vary, and the quality of the work done on recent renovations will differ. 

A viewing is therefore more beneficial than a generic building description and/or pictures.

Is Lake Terrace Suitable for Investors?

This relevance could be true for investors for Lake Terrace as it has established activity for sales and rentals in the JLT market. Recent transaction history shows that apartments continue to move, and renter listings indicate that tenants are still looking for apartments. 

But the name of the building should never be used as an indicator of a high rental yield. The yield should be calculated with the actual purchase price and a realistic annual rent.

For example:

Gross rental yield = Annual rental income / Purchase price * 100

Let’s say the apartment sells for AED 1,000,000 and earns AED 60,000 in rent annually:

AED 60,000 ÷ AED 1,000,000 × 100 = 6% gross yield

This is rounded up. Expenses such as service charges, maintenance, periods of vacancy, management fees, and the like may decrease the investor’s net return.

What Should Buyers Check Before Purchasing?

The evaluation should be considered on an apartment-by-apartment basis and not just as a part of a renowned JLT tower.

Before purchasing, check:

• The precise floor and directionality of the apartment.
• Our current view of the lake, skyline and road.
• Areas and floor plans of built-up areas
• Safety of the kitchen, bathrooms, floors and air-conditioning.
• Parking allocation
• Current service charges
• Current land use or land vacancy condition.
• Recent comparable transactions
• Upkeep of buildings, common areas, etc.
• Documentation and ownership of transactions.

When comparing prices of similar properties, even among studios and one-bedroom apartments, it is easy to see that there is a huge difference in price. 

Lake Terrace Tower vs. Other JLT Buildings

Lake Terrace’s leading edge isn’t just its amenities. The location is in Cluster D, with lake frontage, and its close proximity to Metro makes it very unique in the JLT.

Other adjacent buildings may have newer interiors, different layouts, or different service-charge structures. As per the requirements, it is decided which is to be chosen: price, apartment size, building age, views, or facilities and transportation.

If a tenant is able to afford the same size apartment in a slightly older building, but receives a better location, then this may be beneficial. An investor would want to compare with the purchase price, the potential rent, the service charges, the risk of vacancy, and the liquidity of resale, rather than appearance.

Final Thoughts

Jumeirah Lake Towers (JLT) is a convenient place to live in with its residential option, Lake Terrace Tower. Being close to Almas East Lake, DMCC Metro Station, and Sheikh Zayed Road makes it ideal for those seeking convenient transportation and access to amenities. Construction was completed in 2008, meaning that the building’s quality may vary from unit to unit. Purchasers and tenants should look at the price, size, floor, view, condition, service charge, and recent sales history before they make a decision. If you can compare similar apartments, you will have a better sense of the market value of apartments at the time. This also assists the buyer in locating an appropriate home in line with their budget, lifestyle, and long-term plans.

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Frequently Asked Questions

What is Lake Terrace Tower in Dubai?

Lake Terrace is a completed residential tower in Cluster D of Jumeirah Lake Towers. It was designed by DAMAC Properties and features studios, one-bedroom, two-bedroom, three-bedroom apartments and duplexes. 

Where is Lake Terrace located?

Located in Cluster D, Jumeirah Lake Towers, near Almas East Lake. It is near Sheikh Zayed Road and DMCC Metro Station. 

When was Lake Terrace completed?

DAMAC and market sources report that Lake Terrace was finished in 2008. 

What apartments are available in Lake Terrace?

The development features studios, one- and two-bedroom apartments, three-bedroom apartments, and duplexes. The sizes of published units are dependent on the layout, and the size of the studios begins at approximately 470 sq.ft. in the floor-plan data from Bayut. 

Is Lake Terrace close to the Metro?

Yes. The nearest Metro station is DMCC Metro Station, which Bayut estimates will take approximately four minutes to walk. DAMAC says the tower is across from one of the two metro stations at the JLT. 

Does Lake Terrace have a swimming pool?

Yes. DAMAC states that the building has a swimming pool, which is located at the podium level, and it has a sun terrace, and Bayut has a swimming-pool facility. 

Does Lake Terrace have lake-view apartments?

Yes. The tower is located next to Almas East Lake, and DAMAC claims homes can overlook one of JLT’s man-made lakes. The general view, however, varies with each apartment, as a function of its position and orientation. 

Is Lake Terrace freehold?

Lake Terrace is a freehold property, as mentioned by Bayut. However, the buyer needs to check the current ownership and transaction papers for the particular apartment prior to buying. 

How much does an apartment in Lake Terrace cost?

No fixed price! Examples of current transactions in 2026 for AED 625,051 and AED 2,050,000 for a studio and a 2-bedroom apartment, respectively, can be found on the Property Finder website. Actual values will vary by size, floor, condition, view, and others. 

Is Lake Terrace good for renting?

It’s conveniently located for tenants who seek JLT restaurants, services, and Metro access. The data from Current Property Finder has confirmed rental transactions are active, but achievable rent can change significantly depending on the apartment and conditions of the contract.

What are the service charges at Lake Terrace?

The service charges at Bayut at the time of this writing are AED 17.16 per sq. ft. according to data from the Dubai Land Department (DLD), but the authorities admit that they may vary. Please check the most up-to-date approval amount prior to purchase.