Jumeirah Lake Towers Q3 2023 Market Report

Known for its stunning lakeside views and prime location, Jumeirah Lake Towers continues to be a magnet for homebuyers, tenants, and investors alike. Average property prices have shown an upswing compared to the same period last year, which is excellent news for sellers. Meanwhile, investors are reaping the benefits of a high investment yield in this vibrant neighbourhood. Among property types, 1 and 2-bedroom units make up most transactions, reflecting the preferences of most buyers. As for rentals, despite rising prices, Jumeirah Lake Towers remains hugely popular with tenants, evident from the significant number of new rental contracts signed during this quarter.