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Lakeside Residence
by Al Manal Development

Apartments with one or two bedrooms

AED 1,05 mln Starting price
Ready Handover
Lakeside Residenceby Al Manal Development

Buy Apartments in Lakeside Residence by Al Manal Development, Jumeirah Lake Towers, Dubai

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Amirans Kavtaradze

List by

Amirans Kavtaradze

Starting Price AED 1,050,000
Location Jumeirah Lake Towers
Developer Al Manal Development
Handover Ready
Living Area 708 sq. ft.
Bedrooms 1-2 BR
Total amount of units 358
ROI 7%
Apartments

A delivered 36-storey tower on Almas Lake West, holding apartments with one or two bedrooms and served by an infinity pool, gymnasium, steam room and daycare centre.

At 129 metres and 36 storeys, Lakeside Residence is a defining tower in Cluster A beside Laguna Tower and Dubai Gate 2. Khatib & Alami designed the building, which was completed in December 2012. The 358 apartments include 226 with one bedroom and 132 with two bedrooms across four floor plans, creating a focused mix for professionals, couples and small families. Current one-bedroom sale listings start at 708 sq ft. Interiors favour practical finishes: ceramic tile flooring, built-in closets and a balcony for every apartment. Fully and partially furnished options also appear on the market, giving landlords flexibility when targeting the nearby DMCC workforce. Within the tower are an infinity pool, gymnasium, steam room, daycare centre, function hall, prayer hall and concierge-staffed reception. Four basement levels provide resident parking. Direct access to the Lakeside Promenade and outlooks over Almas Lake West connect the building to the water at ground level and from its balconies.

Lakeside Residence
About Lakeside Residence

Overview of Lakeside Residence

Prices open at AED 1,050,000 for a one-bedroom apartment and AED 1,800,000 for a two-bedroom, averaging AED 1,485 per sq ft across current asking listings. Buyers can assess the completed building and established promenade before purchase.

7%

Maximum ROI

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Community

Jumeirah Lake Towers reads as a working community first and a residential address second. Built around man-made lakes and a long promenade opposite Dubai Marina, it doubles as the DMCC Free Zone, so entrepreneurs, startup founders and staff of international firms often live in the same clusters where their companies are registered. The district keeps a day-and-night rhythm few Dubai communities share. Towers are apartment-only, with no villas anywhere, while open spaces, playgrounds and designated pet zones keep it workable for families and pet owners.

Everyday needs are met within the clusters. More than 460 restaurants and cafés operate across the community, alongside boutique retail and wellness centres. Paddington Nursery and Kid Kare Nursery are inside JLT, while primary and secondary schools such as Emirates International School, Kings School Al Barsha and the American School of Dubai are a short drive away. Local clinics cover routine healthcare, with Mediclinic Meadows and Al Zahra Hospital Al Barsha nearby. JBR is 9 min from the tower by car, and Dubai International Airport is 21 minutes away.

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Interior

Restraint defines the design language here. Rooms are laid out for daylight rather than display, with balcony doors pulling in reflections off Almas Lake West and the promenade below. Neutral tiled floors and built-in storage keep sightlines clear, so furniture — whether the apartment arrives fully or partially furnished — sets the tone instead of competing with heavy detailing. Central air conditioning holds the temperature through the summer months, and the living spaces stay calm and easy to personalise.

Materials were chosen for longevity, which is why the tower still shows well more than a decade after handover. Ceramic tile flooring runs through kitchens, bathrooms and living areas, resisting the wear that carpeted stock of the same generation shows. Built-in closets remove the need for freestanding wardrobes in bedrooms. Every apartment opens onto a balcony sized for a table rather than a token ledge. Current one-bedroom sale listings start at 708 sq ft, with outdoor space and storage already built in.

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Infrastructure

The Lakeside Promenade begins outside the lobby, linking the tower to cafés and casual dining across Cluster A and neighbouring clusters. JLT has more than 460 restaurants and cafés, ranging from early-morning coffee counters to waterfront dining. Supermarkets, laundries, salons and everyday shops occupy podium levels in surrounding towers. Most routine errands can therefore be handled without a car. DMCC Metro Station is also a short walk from the building.

Shopping and leisure destinations are close at hand. JBR Beach is 9 min away by car, while Palm Jumeirah takes 12 minutes. JLT itself has clinics and diagnostic services, including Armada Medical Centre, Dr K Medical Center DMCC, German Dental Clinic and the Scandinavian Physiotherapy Centre. Full-service hospitals, including Saudi German Hospital, are just beyond the community. DMCC Metro Station is a short walk away on the Red Line, and Sheikh Zayed Road is immediately accessible.

Overview

Could Lakeside Residence strengthen your property portfolio?

Amenities of Lakeside Residence by Al Manal Development

Facilities across the tower cover wellness, family needs, parking and round-the-clock service, all inside the building itself.

Infinity swimming pool

Infinity swimming pool

Fully equipped gymnasium

Fully equipped gymnasium

Direct Lakeside Promenade access

Direct Lakeside Promenade access

Steam room
Daycare centre
Function hall for social gatherings
Prayer hall
Concierge and 24-hour front desk
24-hour building security
Elegantly designed reception
High-speed elevators
Central air conditioning
Four basement parking levels
Balcony for every apartment

Gallery Lakeside Residence

Gallery

About Our Approach to Work — Alcenza

At Alcenza Properties, we present the best properties in Dubai, whether for permanent residence or investment. Our team handles every aspect of the process, including transactions, documentation, legal issues, and logistics. This ensures you can focus on your daily life without wasting time on organizational matters.

Step 1.

Initial
Consultation

Our agent will arrange a personal meeting or discuss everything in a format that suits you best. During this consultation, you will outline your goals, be it residence, investment, visa acquisition, or other needs. We will provide you with the most optimal solutions.

Step 2.

Finding the Best Property

Based on your budget and investment goals, we will present a selection of real estate options, including off-plan, primary, and secondary market properties. We will handle all communication with a developer or private owner.

Step 3.

Communication With a Seller

We act as the liaison between you and the seller. From verifying documentation to organizing meetings and monitoring every stage of the transaction, we manage the whole process.

Step 4.

Legal Documentation and Management

Our team ensures the smooth and transparent transfer of property rights through the Dubai Land Department (DLD). We assist with visa applications and offer property management services.

15+
With extensive expertise in the UAE and European real estate markets, we are ready to offer you the most profitable solutions. We guarantee transparency and security at every stage of your transaction.
30%+ Profit From Resale
Our clients have achieved profits of up to 30% within just two years by reselling properties with our guidance.
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Lakeside Residence
About Us

Economic Attractiveness

Delivered by Al Manal Development and designed by Khatib & Alami, the tower trades in a proven secondary market with buyers and tenants already in place.

Get Full Investment Details

1,27 mln -1%

Median price (AED)

1,400 -5%

Median price per sqft (AED)

9 -59%

Transactions

Source: Data taken from DXB for the last year, overview - Lakeside Residence

ROI 7%

Lake and promenade outlooks support asking values, while concierge service, 24-hour security, central air conditioning and four basement parking levels help the tower compete with newer JLT stock. Tenant demand is reinforced by the DMCC free zone, where more than 24,000 registered businesses place a large workforce close to the building. DMCC Metro Station and direct Sheikh Zayed Road access widen the commuter catchment. Buyers enter a ready secondary-market property rather than waiting for construction. Purchases can be settled in cash or with mortgage financing, with a 4% DLD transfer fee and no VAT on residential sales.

Current asking prices start at AED 1,050,000 for a one-bedroom apartment. Two-bedroom apartments start at AED 1,800,000. JLT is a DLD-designated freehold zone, allowing buyers of any nationality to purchase with a title deed registered by the Dubai Land Department.

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For rent

Landlords can target free-zone employees who value a short walk to work and the Metro. Current one-bedroom asking rents span AED 68,000–94,900 per year, typically payable in two to four cheques. Across all apartment types, the building's average annual rental value is about AED 100,462. Gross returns reach 7% for two-bedroom apartments. Larger apartment footprints and the tower's maintained condition also support asking rents slightly above the JLT norm.

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For living

A lift ride brings residents directly to the promenade, making dinner or a lakeside walk possible without driving. Apartments have built-in closets, ceramic tile flooring and private balconies. The daycare centre, function hall and prayer hall add practical facilities within the building. Couples, professionals and small families make up much of the resident mix. Beyond the tower, JLT offers nurseries, clinics and more than 460 dining options, while JBR is 9 minutes away by car.

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For resale

DLD records confirm an established resale market within Lakeside Residence. Buyers in the fully delivered JLT community compare ready apartments by condition, floor, size and lake outlook, giving well-presented stock clear points of distinction. The project's current average asking level is AED 1,485 per sq ft, up 7.5% year on year. Gross ROI reaches 7% for two-bedroom apartments, adding an income case for future resale buyers.

UAE Golden Visa

Residence Visa

When purchasing a property from AED 2M (USD 545K), you can apply for a 10-year Golden Visa. This visa is renewed as long as you maintain ownership of the property.

Visa for Your Family

Your family members, including your spouse and children, can also get a Golden Visa. Once you receive a residence visa, you can continue your studies in the UAE, enjoy tax benefits, and conduct business in the country.

passport

Developer of Lakeside Residence

Al Manal Development is a Dubai family-founded developer active in the emirate since 1991.

Marwan Ahmed Al Ghurair and Juma Ahmed Al Ghurair founded the company in 1991 within the wider Al Ghurair real estate group. Its work focuses on residential and retail buildings for everyday community use. The portfolio includes the six-tower La Vista Residences and the 120-apartment Al Manal 1 Residence in Dubai Silicon Oasis, as well as Al Manal Elite, Easton Court and La Vita Bella. In December 2024, the developer launched an AI-powered smart building in Jumeirah Village Circle.

Location Lakeside Residence by Al Manal Development

The tower occupies central Cluster A beside Almas Lake West. The Lakeside Promenade, DMCC Metro Station, supermarkets and nurseries are nearby, while JBR is 9 minutes away by car.

Sheikh Zayed Road borders JLT and provides direct routes across Dubai. JBR is 9 minutes away by car, Palm Jumeirah 12 minutes and Downtown Dubai 15 minutes. Dubai Internet City and Dubai Media City are also reached along the same corridor.
DMCC and Sobha Realty stations connect JLT to the Dubai Metro Red Line, with DMCC also serving as a Dubai Tram interchange. DMCC station is a short walk from the tower, and local bus routes cover the community. Dubai International Airport is 21 min away by car; Al Maktoum International Airport takes about 30 minutes. Residents have designated parking across four basement levels.

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Map → Location Lakeside Residence by Al Manal Development Icon Map PIN

Sights & Attractions

JBR The Walk

icon 8 min

Dubai Marina Mall

8 min

Palm Jumeirah

12 min

Healthcare facilities

Mediclinic Meadows

icon 7 min

Armada Medical Centre

8 min

Dr K Medical Center DMCC

3 min

Educational institutions

Kid Kare Nursery

icon 4 min

EIS Meadows

8 min

Kings School Al Barsha

17 min

Transportation

DXB Airport

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DMCC Metro Station

2 min

Sobha Realty Metro

3 min

General FAQs

Below are the questions buyers, tenants and investors ask most often about this tower and about Jumeirah Lake Towers. If something you need is not covered here, our team is happy to walk you through the details.

Ask a Question

Is Jumeirah Lake Towers a good place to live?

It suits people who value walkability and connectivity over villa-style space. The community is entirely apartment towers arranged around man-made lakes, with a promenade, more than 460 restaurants and cafés, boutique retail, wellness centres, playgrounds and designated pet zones. Two Red Line Metro stations and direct Sheikh Zayed Road access make commuting straightforward, and the DMCC free zone means many residents work minutes from home. Families should note that nurseries sit inside JLT while primary and secondary schools are a short drive away in Al Barsha and neighbouring districts.

Who developed and manages Jumeirah Lake Towers?

The community was developed by DMCC and remains under its management, which also operates the free zone hosting more than 24,000 registered businesses. Lakeside Residence itself was built by Al Manal Development, a separate company founded in 1991, with architectural design by Khatib & Alami. The tower stands in Cluster A, beside Almas Lake West, and its facilities and pricing are specific to this building rather than to the wider community.

What does an apartment in Lakeside Residence cost?

Asking prices begin at AED 1,050,000 for a one-bedroom apartment and AED 1,800,000 for a two-bedroom apartment. Across the tower's live listings the average works out to AED 1,485 per sq ft, up 7.5% year on year. Two-bedroom asking prices run up to AED 2,250,000 depending on floor and outlook, with lake-facing stock across JLT generally priced above inland equivalents in the same building. Availability is limited by the tower's size — 358 apartments in total — so pricing moves with what is actually on the market at the time.

When was the building completed and is it ready to move in?

Construction started in August 2006 and the tower was completed in December 2012, so it is ready and has been occupied for well over a decade. There is no handover date to wait for and no construction risk to price in. Purchases are ordinary secondary transactions: you buy from a current owner, pay in cash or arrange a mortgage, and settle the 4% DLD transfer fee. Residential sales in the UAE do not attract the 5% VAT applied to commercial deals.

What apartment types and sizes are available?

The tower holds apartments with one or two bedrooms only — 226 of the former and 132 of the latter — spread across four floor plans over 36 storeys. Current sale listings start at 708 sq ft for a one-bedroom apartment, and live rental stock in the same configuration ranges up to roughly 850 sq ft of covered area. Every apartment includes a balcony, built-in closets and ceramic tile flooring, and both fully and partially furnished apartments appear on the market.

What amenities do residents get inside the tower?

Shared facilities include an infinity swimming pool, a gymnasium and a steam room, plus a daycare centre, a function hall for social gatherings and a prayer hall. The reception is staffed by a concierge and a 24-hour front desk, and the building runs 24-hour security, central air conditioning and high-speed elevators. Parking occupies four basement levels, and the building opens directly onto the Lakeside Promenade, which loops around the lakes for walking and running.

What views can buyers expect?

The tower sits directly beside Almas Lake West at the centre of Cluster A, alongside Laguna Tower and Dubai Gate 2, so orientation decides the outlook: water and promenade on one side, cluster and skyline on the other. Balconies come with every apartment, which makes the view part of daily use rather than something seen through glass. Across Jumeirah Lake Towers, apartments facing the lakes are consistently valued above inland ones in the same building, so the aspect is worth checking before you commit.

What rental income can an owner expect here?

For a one-bedroom apartment, current asking rent falls between AED 68,000 and AED 94,900 per year. Owners commonly agree payment in two to four cheques, which affects cash-flow timing but not the annual rent. The project-wide average across all apartment types is about AED 100,462 a year, while reported gross ROI for two-bedroom apartments reaches 7%. Proximity to DMCC offices and the Metro broadens the tenant pool, and apartment size and condition help support the tower's rental positioning.

Can foreign nationals buy an apartment in this tower?

Yes. Jumeirah Lake Towers is a DLD-designated freehold zone, so buyers of any nationality can own an apartment outright, with a title deed registered by the Dubai Land Department. There are no restrictions tied to residency or citizenship, and the same rules apply whether you intend to live in the apartment or let it. Budget for the 4% DLD transfer fee on top of the purchase price.

How liquid is resale in this building?

Recorded DLD sales confirm that Lakeside Residence has an active secondary market. Jumeirah Lake Towers is also a fully delivered community with little off-plan activity, so buyers compare ready apartments directly by floor, size, condition and outlook. That makes lake views and good presentation useful points of distinction at resale. Across JLT, 2,339 apartments changed hands during the past twelve months at an average recorded price of AED 1,886,765, showing the depth of the wider district market.
FAQs

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Lakeside Residence
Amirans Kavtaradze

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Amirans Kavtaradze

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Lakeside Residence

Starting Price AED 1,05 mln

Handover Ready