Apartment for Sale in Al Thanyah Fifth by Damac

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Off Plan

Lake Terrace

developer logoDAMAC Properties
Lake Terrace, Al Thanyah Fifth, Jumeirah Lakes Towers, Dubai
Apartment
0% Completed

About Property

Welcome to Lake Terrace - Your Premium Lakeside Residence in Jumeirah Lake Towers, Dubai

Discover the epitome of luxury living at Lake Terrace, a stunning new high-rise residential complex situated on the picturesque shores of the lake in the prestigious Jumeirah Lake Towers (JLT) area in Dubai. Boasting a prime location next to Sheikh Zayed Road and Park, and in close proximity to the iconic Dubai Marina, our premium class residence offers the perfect blend of convenience and elegance.

Surrounded by lush green landscapes, including Jumeirah islands, Discovery Gardens, The Gardens, and Emirates Hills with their scenic golf courses, Lake Terrace provides an oasis of tranquility amidst the bustling city. Enjoy easy access to transportation with the DMC metro station and public transport stops just 100 meters away, while the yacht harbor and stunning beaches are within a short 5-minute drive.

Indulge in a wealth of luxurious amenities, including central A/C & heating, a shared pool, concierge service, covered parking, shared spa, round-the-clock security, broadband internet, and a dedicated kids play area and lobby. Prices range from 0 to 0 AED, making Lake Terrace the ultimate destination for those seeking an upscale lakeside living experience in the heart of Dubai.

Experience the epitome of luxury at Lake Terrace and elevate your lifestyle to new heights in the vibrant city of Dubai.

Is This Home Your Lifestyle Match?

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Amenities

Central A/C & Heating
Central A/C & Heating
Kids Play Area
Kids Play Area
Shared Pool
Shared Pool
Covered Parking
Covered Parking
Broadband Internet
Broadband Internet
Shared SPA
Shared SPA
Lobby
Lobby
Concierge Service
Concierge Service
Security
Security

Nearby

Metro Station

R36 - Sobha Realty
R37 - DMCC

School

Moscow University for Industry and Finance (Synergy)

Beach

Marina Beach

Location

Lake Terrace, Al Thanyah Fifth, Jumeirah Lakes Towers, Dubai

Expected ROI

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Transaction History

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Photos

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Overview
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Finishing examples

Why Invest in Dubai?

High Rental Income

Dubai real estate offers lucrative rental yields for property investors.

Tax-Free Investing

Dubai has no income or property taxes, allowing your investments to grow tax-free.

World-Class Education

Dubai has prestigious international schools for top-notch education.

Safe and Secure

Dubai offers safety and stability for families and investors.

Lifestyle & Leisure

Dubai offers abundant amenities and entertainment for an enjoyable lifestyle.

Residency Benefits

Investing in Dubai real estate enables residency for your family.

Frequently Asked Questions

What is Kyna and how does it differ from other real estate platforms in Dubai?

Kyna is a unique real estate platform in Dubai that places a strong emphasis on transparent and genuine guidance for investors. Here’s how Kyna stands out:

  • Genuine Guidance: Kyna focuses on building real relationships, assisting investors at every turn.
  • Transparent Pricing: Prioritizing affordability, Kyna ensures no hidden costs and maximizes your savings.
  • Bespoke Tours: Tailored real estate tours and insightful investment advice for informed decisions.
  • AI-Powered Insights: Advanced AI tools speed up searches and offer insights into current and future property values.
  • Data Trustworthiness: Kyna's commitment ensures your personal information remains confidential and secure.
  • Visa Assistance: Simplifying the process, Kyna aids clients in obtaining their Dubai residential visas.

What are the regulations for owning property in Dubai as a foreigner?

Foreign nationals can own property in designated freehold zones in Dubai. They can secure absolute ownership rights for up to 99 years without leasehold or usufruct obligations. Title deeds are issued by the Dubai Land Department, and there are no age restrictions on property ownership. Notable freehold areas include Business Bay, Downtown Dubai, Discovery Gardens, Palm Jumeirah, and DIFC Dubai.

Are there any restrictions on the types of properties foreigners can buy in the UAE?

Foreign nationals can buy property with complete ownership rights in designated freehold zones. In other areas, they may only have tenancy rights over the physical structure. Freehold property owners may also be eligible for the UAE Golden Visa. It is advisable to seek independent legal and tax advice before making any decision.

How does the property buying process in Dubai differ from other emirates in the UAE?

In Dubai, property buyers must validate the property title deed with the Dubai Land Department (DLD) before registering the property. Costs involved include transfer fees, registration fees, and service charges. There are specific laws governing property ownership by foreign nationals. Understanding financing laws, mortgage requirements, and lease agreements is crucial. It is recommended to seek independent legal and tax advice.

What are the key benefits of investing in property in Dubai or the UAE?

Key benefits include:

  1. Stable and growing economy
  2. Tax advantages (no personal income tax, no capital gains tax)
  3. High rental yields
  4. High standard of living
  5. Continuous infrastructure development
  6. Freehold ownership for foreigners
  7. Diverse property types
  8. Status as a global business and tourist hub
  9. High-quality real estate
  10. Potential eligibility for residency or long-term visas
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