About Lake Terrace
Lake Terrace is a residential building by DAMAC Properties, in Jumeirah Lakes Towers, Dubai. The project comprises 573 homes.
Key information
Developer
DAMAC Properties
- Handover
- Q2 2008
- Status
- Handed over
- Location
- Jumeirah Lakes Towers, Dubai
- Master project
- Jumeirah Lakes Towers
- Construction started
- 2006
- Number of buildings
- 1
- Number of units
- 573
- Registered with DLD
- 20 May 2006
- Escrow account no.
- -
- DLD transfer fee
- 4%
Source: official Dubai Land Department project data.
Project timeline
- Construction started2006
- Handed overQ2 2008
Amenities
Physical features recorded on the Dubai Land Department buildings register.
41 Floors
Retail & Shops
544 Residential Units
Sales and prices
Recorded sales from the Dubai Land Department register, not asking prices.
Recorded sales
1,327
Median price
AED 632K
Median price / sqft
AED 889+50%
Off-plan share
0%
Priced 4% below than the Al Thanyah Fifth median of AED 931/sqft.
Sold by bedroom
| Layout | Sold | Typical size | Avg price | Avg / sqft |
|---|---|---|---|---|
| Studio | 583 | 509 sqft | AED 498K | AED 982 |
| 1 Bed | 512 | 747 sqft | AED 709K | AED 951 |
| 2 Bed | 108 | 1,315 sqft | AED 1.2M | AED 919 |
| 3 Bed | 63 | 1,495 sqft | AED 1.3M | AED 889 |
Price per sqft by year
+50% since 2008AED/sqft
Recent recorded sales
| Date | Type | Size | Price | Price / sqft |
|---|---|---|---|---|
| 09 Sept 2026 | Resale | 718 sqft | AED 1.0M | AED 1K |
| 03 Sept 2026 | Resale | 496 sqft | AED 800K | AED 2K |
| 17 Aug 2026 | Resale | 456 sqft | AED 1.4M | AED 3K |
| 21 Jul 2026 | Resale | 1,288 sqft | AED 2.0M | AED 2K |
| 06 Jul 2026 | Resale | 753 sqft | AED 1.1M | AED 1K |
| 02 Jul 2026 | Resale | 497 sqft | AED 870K | AED 2K |
| 29 Jun 2026 | Resale | 718 sqft | AED 1.1M | AED 2K |
| 29 Jun 2026 | Resale | 489 sqft | AED 825K | AED 2K |
Unit mix
573 registered units, by layout and size, from the Dubai Land Department.
| Layout | Units | Size range |
|---|---|---|
| Shop | 29 | - |
| Studio | 258 | - |
| 1 B/R | 216 | - |
| 2 B/R | 44 | - |
| 3 B/R | 26 | - |
Payment plan
Payment plans are set by DAMAC Properties and change with each release. We'll send the plan that applies to the units available now, with the milestone breakdown.
Request the payment planLocation
Approximate location in Jumeirah Lakes Towers, Dubai.
Jumeirah Lakes Towers
Dubai, United Arab Emirates
Frequently asked questions
Lake Terrace has already been handed over (Q2 2008), according to Dubai Land Department records.
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