Nestled in a serene and leafy area in Dubai, The Lakes is a prestigious residential community that offers a tranquil and family-friendly environment. With its prime location, lush landscaping, and luxurious amenities, The Lakes has become a sought-after address for those who seek a peaceful yet luxurious lifestyle.
Location: The Lakes is located in the Emirates Living district in Dubai, adjacent to The Springs and The Meadows communities. It is conveniently situated near Sheikh Zayed Road, making it easily accessible from different parts of the city.
Area size: The Lakes community spans over an area of approximately 3.5 million square feet, consisting of 600 villas and townhouses, ranging from two to six bedrooms.
When established: The Lakes was established in 2002 and was developed by Emaar Properties, a renowned real estate developer in Dubai.
Climate and Weather: The climate in Dubai is hot and arid, with high temperatures and low humidity throughout the year. Summers can be particularly hot, with temperatures reaching up to 45°C, while winters are mild and pleasant, with temperatures averaging around 20°C.
Iconic Landmarks: Some of the iconic landmarks in the vicinity of The Lakes include Dubai Marina, Jumeirah Beach Residence (JBR), and the iconic Burj Al Arab hotel.
Real Estate Development: The Lakes community is predominantly residential, offering a range of villas and townhouses designed to cater to different lifestyles and preferences. The community is known for its tranquil environment, lush greenery, and luxurious amenities.
Price range: The average price of properties in The Lakes varies depending on the type and size of the unit. Prices for two-bedroom townhouses start at around AED 1.8 million, while six-bedroom villas can go up to AED 12 million.
Types of buildings: The Lakes community features a range of villas and townhouses designed in Mediterranean and Arabic styles. The properties are set amidst lush greenery and water bodies, providing a peaceful and serene environment for residents.
Future of the Region: The Lakes community has been well-established and has a solid reputation for its luxurious amenities and serene environment. As Dubai continues to grow and evolve, The Lakes is expected to maintain its appeal and continue to attract families and individuals looking for a peaceful and upscale lifestyle.
Pros and Cons: The Lakes community offers a number of benefits, including its tranquil environment, lush greenery, and luxurious amenities. However, some may find the community to be relatively secluded, and the high-end lifestyle may come at a higher cost compared to other areas in Dubai.
Key Notes on the Area: The Lakes community offers a range of amenities, including swimming pools, fitness centers, tennis courts, playgrounds, and barbecue areas. The community is also home to several international schools, making it an ideal location for families with children.
Why Investors Need to Consider That Region? Investors looking for a stable and established community with a solid reputation and high-end amenities should consider The Lakes. The community has a low vacancy rate and attracts high-quality tenants, making it a safe and profitable investment for the long term.
(Realty Homist)