Jumeirah Lake Towers is a master-planned development along Sheikh Zayed Road. JLT consists of residential towers, office buildings, hotel & hotel serviced apartment developments as well as hundreds of retail shops located at the foot of nearly every building. Road networks and connectivity has drastically improved in the past few years. Occupancy rates for residential buildings is very high; the office market is maturing and retail activity is emerging.
Jumeirah Lake Towers was announced in 2004 and was originally to be overseen by Nakheel Properties. As we understand, Nakheel is no longer considered the master-developer of the community and that mandate has shifted to DMCC. According to initial press-releases, JLT covers an area of 7.3 million sq. ft.
In late 2004, Nakheel announced that all the plots within JLT were sold out to private investors and developers, who in turn began launching projects in the community in the same year.
JLT is organized into 26 clusters each containing 3 building plots each. As of Q2 2015, there are a total of 3 entry/exit points into the community by road (2 from Sheikh Zayed Road and a third which connects the community to Mohammad bin Zayed Road). most of the clusters are built around three man-made lakes.
All the towers in JLT are a minimum of 35 storeys tall. The tallest building, and the center piece of JLT is the Almas Tower, one of Dubai’s tallest buildings. Almas is a commercial tower rising 90 storeys tall and developed and managed by DMCC. Other towers range in size from between 35 – 45 storeys tall.
There are also two metro-stations that connect directly onto JLT, and this is one of the most attractive features of the community.
Source: Lookup.ae
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