Lake Terrace, JLT
Lake Terrace is a 40-storey residential tower in Cluster D of Jumeirah Lake Towers (JLT), Dubai, developed by Damac Properties. Completed in May 2008, the tower holds 544 apartments across studio, one, two and three-bedroom layouts plus duplexes. This guide covers Lake Terrace's building profile, location and honest Airbnb income potential, with management available from Royale Stays for a fee starting from 15%.
Developer
Damac Properties
Storeys
40
Completed
May 2008
Location
JLT, Cluster D
Unit Types
Studio, 1BR, 2BR, 3BR
About Lake Terrace
Lake Terrace is a residential tower in Cluster D of Jumeirah Lake Towers (JLT), within the Al Thanyah Fifth DLD-registered area of the wider DMCC Master Community. The tower was developed by Damac Properties, with construction starting in May 2006 and completing in May 2008, standing approximately 187 metres tall across 40 storeys. It holds 544 apartments spanning studio, one-bedroom, two-bedroom and three-bedroom layouts, plus duplex units.
Developer is confirmed across Propsearch, Bayut and the developer's own site, damacproperties.com (3 independent sources, exact agreement). Storeys (40) are confirmed across Propsearch and Bayut (2 sources, exact agreement). Completion (May 2008) is cross-confirmed across both sources; construction start (May 2006) and height (approximately 187m) are single-sourced to Propsearch. Unit count (544) is single-sourced to Bayut.
Location & Nearby Landmarks
Lake Terrace sits in JLT's Cluster D, within the Al Thanyah Fifth DLD-registered area of the wider DMCC master community, alongside Cluster D neighbours Lake City Tower and Indigo Tower. The Walk at JBR is roughly 1.2 km away, Marina Walk about 1.8 km, and Madame Tussauds around 2.1 km, with JLT Park about 0.8 km from the building. Dubai Marina Mall, Dubai Marina Walk and Skydive Dubai are all roughly 13 minutes away by car. Schools within reach include Emirates International School Meadows and Dubai British School Emirates Hills.
JLT has its own dedicated Royale Stays area guide covering location, connectivity and the wider rental market context: Airbnb management in JLT, Dubai. Lake Terrace is joined by several other JLT towers Royale Stays already covers, including its own Cluster D neighbour Lake City Tower, plus Al Shera Tower and the similarly-named Lake Side Residence, a distinct building in Cluster A. Lake Terrace, Lake City Tower, Lake Point Tower and Lake Side Residence are four separate JLT towers by different developers, not the same building under different names.
Unit Types
Lake Terrace offers 544 apartments across studio, one, two and three-bedroom layouts, plus duplex units overlooking Almas East Lake. Per Bayut's floor-plan data (single-sourced, not independently cross-verified), studios cover roughly 470 to 570 sq ft with one bathroom. One-bedroom units cover roughly 718 to 900 sq ft with one to two bathrooms, a living room, balcony and kitchen. Two-bedroom units cover roughly 1,200 to 1,265 sq ft with two to three bathrooms. Three-bedroom units are the largest in the building; Bayut's own page gives two different figures for this layout (roughly 1,478 to 1,530 sq ft in its floor-plan table, and approximately 1,667 sq ft elsewhere in its own description), a discrepancy disclosed here rather than resolved by guesswork.
All unit sqft ranges are single-sourced to Bayut. The 3-bedroom sqft figure carries an internal inconsistency on Bayut's own page (floor-plan table vs body text); the floor-plan table's range is used as the primary figure here since it is the more structured data point, and the alternate figure is also noted.
Amenities
Lake Terrace offers a podium-level swimming pool with a sun terrace, a well-equipped gymnasium, a sauna and steam room, a children's play area, a mini-golf feature and a pool bar. The ground floor includes retail and food outlets, salons and a supermarket, with covered parking, elevators, CCTV security and pet-friendly policies. Owners and prospective renters should confirm current on-site facilities directly with the building's management, since amenity offerings can change over time.
Amenity details are confirmed on the core recreational set (podium-level pool, gym) across Bayut's building guide and the developer's own site, damacproperties.com. The sauna, steam room, mini-golf, pool bar and pet-friendly details are Bayut-only, not independently cross-verified.
Transportation & Access
Lake Terrace is around a 4-minute walk from DMCC Metro Station, giving residents access to the Dubai Metro Red Line; the developer's own materials describe the tower as sitting directly opposite one of JLT's two metro stations. The DMCC Metro Station Landside bus stop is also roughly a 4-minute walk away, served by bus route JLT2. By car, it is roughly 19 minutes to Dubai Mall, 11 minutes to Palm Jumeirah, 16 minutes to Burj Al Arab and 14 minutes to The Walk at JBR, with Dubai International Airport (DXB) around 27 minutes away and Al Maktoum International Airport (DWC) around 34 minutes away.
Metro walking time and bus-stop proximity from Bayut, independently confirmed by the developer's own site describing the tower's direct proximity to a JLT metro station. Drive times to city landmarks and both airports from Propsearch, calculated via Google Maps assuming typical traffic. Both sources are consistent, covering complementary distance metrics rather than overlapping figures.
Rental & Price Trends
Dubai Land Department transaction records show recent 2026 sales at Lake Terrace. A studio of 489 sq ft sold on 29 June 2026 for AED 825,000, working out to roughly AED 1,687 per sq ft. A one-bedroom unit of 753 sq ft sold on 6 July 2026 for AED 1,090,000, roughly AED 1,447 per sq ft. A two-bedroom unit of 1,288 sq ft sold on 21 July 2026 for AED 2,050,000, roughly AED 1,592 per sq ft. Annual service charges are estimated at around AED 17.16 per sq ft, per the Dubai Land Department’s published service charge index, though this figure is subject to change.
Owners considering a unit at Lake Terrace can run their own numbers through Royale Stays' Dubai property ROI calculator for a unit-specific estimate.
Pricing drawn from Propsearch's live DLD 'Latest Transactions' feed, sourced directly from published Dubai Land Department open-data records rather than the portal's own estimate. Three genuine Sale-type transactions are used here. An earlier figure of 'around AED 600,000' was traced back to a Mortgage Registration transaction (a 753 sq ft 1-bed unit, 24 Aug 2026) rather than an arm's-length sale, so we did not use it, and we keep the two transaction types apart. One non-residential outlier (a 456 sq ft commercial 'Shop' unit sold for AED 1,350,000) was excluded as a different property class, not comparable. Service charge figure single-sourced to Bayut's DLD-index citation.
Airbnb & Short-Term Rental Income Potential
Short-term letting anywhere in Dubai, including at Lake Terrace, runs through a DTCM (Department of Economy and Tourism) holiday home permit, the same licensing requirement that applies regardless of building or area. An owner considering Airbnb at Lake Terrace would need to hold that permit before listing a unit, in addition to confirming the building's own short-term letting policy. Royale Stays' guide to the Dubai holiday home permit covers what the process and fees generally involve.
Lake Terrace has a confirmed independent short-term rental presence: a Booking.com listing for a 1-bedroom apartment at the building appears in organic search results, indicating existing third-party demand for short stays at the tower, separate from any Royale Stays activity. The building also has an active long-term rental market, with listings visible on major property portals. Royale Stays does not currently have booking data specific to Lake Terrace to draw on, so this guide does not present a building income figure it cannot support. For an owner weighing whether Airbnb makes sense for a unit at Lake Terrace, the practical starting points are confirming the building's short-term letting policy, applying for the DTCM permit, and pricing the unit against comparable JLT listings.
Royale Stays manages the full furnishing, photography, pricing, check-in and guest communications process for owners who prefer not to handle it directly. Owners ready to move forward can submit their property for a management review to get a clearer read on its Airbnb potential. See Royale Stays' full guide to Airbnb property management in Dubai for the wider market picture.
Royale Stays does not yet have Lake Terrace-specific portfolio data to draw on for this guide. A dedicated short-term-rental aggregator listing (Booking.com, 'Lake Terrace I JLT I 1 Bedroom Apartment') was found in a search of the top organic results at rank 11, confirming a genuine independent third-party STR signal for this building, distinct from several other JLT buildings where none was found.
Questions