The last couple of years have really seen Jumeirah Lake Towers, also known as JLT, transform into a sought-after residential area. Set in clusters of apartment and office towers, all based around the beautiful lakes and park, this is a great area for families, with a number of outstanding restaurants, shops and leisure facilities within walking distance.
Although the properties in JLT are cheaper than the nearby Dubai Marina, tenants need to bear in mind that the Chiller Fee is not included in the annual rental prices and can add approximately another AED12,000 onto their annual bill, based on a standard two bedroom apartment. For investors, JLT is a prime location, close to Dubai Al Maktoum International Airport and the Expo2020 site. Located alongside Sheikh Zayed road, with two metro stops serving the area, JLT is the ideal location for those looking to save a little more money, while still being within walking distance of the best restaurants and hotels in town.