Jumeirah Lakes Towers

Sunita — Thu, 11 Mar 2010 16:28:07 +0000

There are buildings all over the world that look spectacular and then there are the ones that words cannot simply do justice for. In fact, you might be impressed with the kind of places that are available to purchase or to even live in these days. One such shining example would have to be the Jumeirah Lakes Towers. There are a number of attributes that makes this one of the most desirable places that you would want to live in.

To begin with, there are more than just residential blocks in these particular towers. On the contrary, there are hotels and malls that you would like to be a part of. These establishments are by far one of the best when it comes to commercial establishments in the city.

If you think that living here is unaffordable, then the good news is that rents have come down quite sharply when compared to the previous year. In fact, the falling rates are even applicable for office spaces. Hence, these places are by far the ideal place that you would want your next company to be housed in, or even to call as home.

Not so long back, these places were the dream locations of many, but today, thanks to the falling rates, affordability has made it open up to a bigger market.

Studio rents edge lower in September in Jumeirah Lakes Towers.

admin — Wed, 21 Oct 2009 15:33:35 +0000

According to the property management firm Asteco, many of the annual apartment rents in Dubai saw little change in September when compared to August. However, in some parts of the city, office rents fell as much as 25% due to an over supply.

Jumeirah Lakes Towers saw a slight decrease in studio rents, dropping from Dh28,000 to Dh26,000. However, the more expensive units stayed the same, with rents averaging around Dh40,000. Also staying the same were the smaller 2 and three bedroom apartments, as well as the 2 and 3 bedroom flats.

Other areas that saw a small decline in annual studio rents included International City, Dubai Marine, Discovery Gardens, and Deira. It’s expected that these rents will continue to fall and more payment options will become available, as more units become available.

The number of short term tenants is increasing as well, as more people have lost their jobs or are in fear of losing their jobs. They simply don’t want to be locked into a long contract with their employment up in the air.

Jumeriah Lakes Towers is one of several properties discussed at International District Cooling and Trade Show

admin — Wed, 21 Oct 2009 15:26:26 +0000

At the 4^th annual International District Cooling and Trade Show, Palm District Cooling made a presentation about its high-profile projects located in the UAE, which includes the Jumeirah Lakes Towers. For those not familiar with a district cooling system, it distributes thermal energy, usually in the form of chilled water, to many different buildings, through a serious of underground pipes. This eliminates the need for cooling systems within each building.

Dubai is one of the favored markets for this industry, especially with the emirate’s policy on green building. Palm Utility and its subsidiaries, Palm District Cooling and Palm Water, was created to address the critical areas in the district cooling and water services. The company also plans to pursue new business activities, including environmental waste management and sustainable energy. The presentation also included plans for an expansion of the company’s operations overseas, including India and Asia, as well as beginning talks with potential partners in the Middle East.

Burj Dubai, the world’s largest tower, could be catalyst for falling rents at Jumeirah Lakes Towers

admin — Wed, 21 Oct 2009 15:24:51 +0000

Jumeirah Lakes Towers has seen annual rents fall for quite some period now and although only the studio rents continued to fall in September when compared to August, several analysts are turning to the Burj Dubai in hopes of a recovery.

The Burj Dubai, when completed, will be the world’s tallest tower. Emaar, the developer building the tower, will have to position themselves just right and many hope that there will be a quick uptake of this world record building. This tower will add millions of square feet of retail, office, and residential space to a market that is already saturated. While some will remain hopeful, others predict that the Burj Dubai will drag down prices in areas such as Silicon Oasis and Jumeirah Lake Towers.

If the past few months are any indication, the Burj Dubai may not be enough. With developments such as the first seven-star hotel, the biggest indoor ski slope, and the man-made islands, Dubai has still been unable to shield the emirate from the downturn in the economy.

Experts indicate that the Burj Dubai should bring a new momentum to the area; however, only time will tell.