What's in store next for JLT?

Lake draining, tram links and rent rises all coming soon

The Knowledge

Lake draining
Despite suggestions to the contrary by some estate agents, according to the latest official statements there are no plans to drain the rest of JLT’s lakes and turn them into parks. Having seen the popularity of the neighbourhood’s newest green space, however, we can’t help but wonder if they might yet change their minds.

Tram links
JLT residents will be in luck when then the Al Sufouh Tram goes live, the first phase of which is scheduled to be up-and-running this November. The tram is set to link up with the Dubai Metro at both the Dubai Marina and Jumeirah Lakes Towers stations, meaning a journey to the beach and Palm Jumeirah can be done entirely by rail.

Rent rises

If the final quarter of 2013 is anything to go by, rents in Jumeirah Lakes Towers are set to continue their meteoric rise. According to a report by Middle East real estate services company Asteco, the Q4 of 2013 saw rents surge by a whopping 50 percent – less than International City, which recorded year-on-year rises of 76 percent, but more than the emirate’s average of 22 percent for apartments.

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