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Building guide · Jumeirah Lake Towers

Lake Terrace

Also known as DAMAC Lake Terrace

A 40-storey DAMAC tower in JLT Cluster D, finished in 2008, a few minutes' walk from DMCC Metro. It suits commuters and investors who want a lakeside flat near the Metro and the Marina. It is an older building, so check for damp, leaks and noise.

12homes in Lake Terrace are managed by Live Dubai
Lake Terrace, Jumeirah Lake Towers
Lake Terrace, Jumeirah Lake Towers
Lake Terrace, Jumeirah Lake Towers
Lake Terrace, Jumeirah Lake Towers

What owners and tenants should know

What people like

  • DMCC Metro is about 250 m away (Property Finder)
  • Lake views from many flats
  • Supermarket on the ground floor
  • Pool, gym, sauna and Jacuzzi
  • Pet-friendly (Bayut)

Check before you buy or rent

  • Built in 2008, so check the flat for damp, leaks and the condition of the air conditioning
  • Some residents report thin walls and noise
  • Parking in the cluster is shared and can be tight
  • Service charge is about AED 18.8 per sq ft a year and rose 8.9% for 2026

History

  1. 2006Launched by DAMAC
  2. 2008Completed (Bayut; Alnair)
  3. 2026Service charge up 8.9% on 2025 (Alnair)

Rents and prices in 2026

Ranges from recent listings and Dubai Land Department transactions. Your flat’s view, floor, condition and furnishing make a big difference, so ask us for a valuation based on real lets in the building.

Rent a year

Rents in Lake Terrace
HomeRent a yearSource
StudioAED 55,000–73,000 (12-month average AED 62,200)Property Finder listings and averages, Oct 2026
1 bedroomAED 70,000–80,000 (12-month average AED 80,700)Property Finder listings and averages, Oct 2026
2 bedroomsAED 135,000 asking (12-month average AED 111,100)Property Finder listings and averages, Oct 2026
3 bedroomsAED 140,000–145,000 (12-month average AED 132,000)Property Finder listings and averages, Oct 2026

Sale prices

Sale prices in Lake Terrace
HomePriceSource
StudioAED 687,000–870,000DLD transactions via Property Finder, May–Sep 2026
1 bedroomAED 1.0m–1.125mDLD transactions via Property Finder, Jun–Sep 2026
2 bedroomsAED 2.05m (one sale)DLD transaction via Property Finder, Jul 2026
3 bedroomsaverage AED 2.36mProperty Finder building data, last 12 months, Oct 2026

Typical sizes

Typical sizes in Lake Terrace
HomeSize
Studio470–570 sq ft
1 bedroom718–900 sq ft
2 bedrooms1,200–1,265 sq ft
3 bedrooms1,478–1,530 sq ft

Living in Lake Terrace

Getting around

DMCC Metro station
about 250 m, 4 min walk (Property Finder; Bayut)
DMCC Metro bus stop
4 min walk (Bayut)
Dubai Marina Mall
about 13 min (Bayut)
Dubai Marina Walk
about 13 min (Bayut)

Nearby

  • Night Mart on the ground floor
  • Carrefour Market and Spinneys within 7 minutes
  • Emirates International School Meadows, 1.6 km
  • Dubai British School Jumeirah Park, 3.4 km
  • Cafés and restaurants in the JLT clusters

In the building

  • Swimming pool
  • Gym
  • Sauna and Jacuzzi
  • Steam room
  • Children's play area
  • Concierge
  • 24-hour security and CCTV
  • Covered parking
  • Ground-floor supermarket

Own a home in Lake Terrace?

We already look after 12 homes here.

We know the building, the owners association and what tenants pay. Tenants found, rent collected, repairs fixed and a statement every month, wherever you live.

Questions about Lake Terrace

Who built Lake Terrace?

DAMAC Properties. The tower was finished in 2008 and has 544 flats, according to Bayut.

How far is the Metro?

DMCC Metro station is about 250 m away, roughly a 4-minute walk.

What is the service charge?

The RERA-approved 2026 budget is AED 201.93 per sq m, about AED 18.76 per sq ft, up 8.9% on 2025.

Is Lake Terrace freehold?

Yes. Foreign buyers can own flats here.

Are pets allowed?

Bayut lists Lake Terrace as pet-friendly. Check the building rules before you move in.

Can I rent out short term?

Holiday-home lets need a permit from Dubai's Department of Economy and Tourism. Check the owners association rules first.

Sources (5), checked October 2026
  1. Bayut building guide, Lake Terrace
  2. Alnair, Lake Terrace service charge history
  3. Property Finder area insights, Lake Terrace
  4. Property Finder rentals, Lake Terrace
  5. Property Finder sales, Lake Terrace

Figures change. Service charges are set each year through Dubai Land Department’s Mollak system; rents and prices move with the market. This guide is general information, not a valuation.

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