1. Definition of the area and data structure
Actual location: According to the DLD database, the GLOBAL LAKE VIEW building is located in the Al Thanyah Fifth area. Master project: Jumeirah Lakes Towers.
2. Volume and dynamics of sales
The total number of recorded sales in GLOBAL LAKE VIEW is 232 transactions, with studio (0BR) sales recorded separately every year.
The quarterly frequency of studio sales over recent years indicates regular liquidity, although the absolute number of deals is moderate (1–4 transactions per quarter). In Al Thanyah Fifth, the volume of apartment transactions is significantly higher, which confirms stable market demand.
3. Dynamics of the average price per square meter
For studios in GLOBAL LAKE VIEW over the past three years, there has been a notable price increase:
– 2022: starting around 7,400 AED/m².
– 2023: growth to 12,000–15,000 AED/m².
– 2024 (last 12 months): the average sale price for studios is 17,030 AED/m².
For comparison, the average apartment price in Al Thanyah Fifth over the same period is about 19,700 AED/m². In other words, studios in GLOBAL LAKE VIEW are slightly below the district’s average market level (by minus 13–15%).
The trend shows that while in 2022 the building was significantly lagging behind both the district and the master project averages, by 2024 the gap has narrowed, and price growth in the building has outpaced that of the area as a whole.
4. Rental market: dynamics and distribution
Rental activity is confirmed by more than 120 studio lease contracts in GLOBAL LAKE VIEW over the review period.
The average studio rental rate in the building over the last 12 months is 1,248 AED/m²/year, which exceeds the average market rent in Al Thanyah Fifth (approximately 1,100 AED/m²/year).
Dynamics: in 2021 the average rental rate was in the range of 750–950 AED/m²; in 2022 growth started (to 1,000–1,200 AED/m²); and by 2024 it has consistently exceeded 1,200 AED/m² in all recent quarters. At the same time, rental growth in the building is outpacing the overall market rate in the area.
5. Comparative analysis of returns and investment attractiveness
Gross yield (ROI) over the last 12 months for GLOBAL LAKE VIEW studios:
– Average purchase price — 17,030 AED/m².
– Average rent — 1,248 AED/m²/year.
– Gross ROI for studios in GLOBAL LAKE VIEW = 7.33% per year (at the unit level).
– For the entire area, apartment ROI is somewhat lower: rent of 1,100 AED/m²/year at an average price of 19,700 AED/m² gives about 5.6%.
Adjustment for transaction costs (7% entry expenses): effective (net) yield for studios in GLOBAL LAKE VIEW decreases to 6.8–6.9% per annum.
The “fair price range” for an investor targeting a 7–8% annual yield (based on actual rental rates over the last 12 months):
– Lower bound (at ROI = 8%): 1,248 / 0.08 ≈ 15,600 AED/m².
– Upper bound (at ROI = 7%): 1,248 / 0.07 ≈ 17,800 AED/m².
The current average price according to DLD is closer to the upper part of this range, meaning that in practice a deal in this building will provide an investor with a yield close to 7%, potentially with a small additional discount to the average price to reach a 7.5–8% yield.
6. Liquidity and demand
The liquidity of the building and its studios is confirmed by the regularity of transactions (1–4 sales per quarter) and an active rental market (5–10 new contracts each quarter). The Jumeirah Lakes Towers and Al Thanyah Fifth locations remain liquid in the mass-market segment, especially for studios and smaller apartments.
7. Outlook over a 3–5 year horizon
Key risks and prospects:
– The building is gradually closing the price gap with the area and demonstrating above-average growth.
– Rental income is growing faster than in the wider area, ensuring stable tenant demand.
– The yield level is favorably different both from the district average and from other mass-market properties of a similar class.
Conclusion: GLOBAL LAKE VIEW is a strong, liquid asset for an investor targeting a 6.8–7.5% yield without relying on market speculation. The building can be recommended for fixed-income strategies and rental portfolios. A modest price discount should be factored into negotiations to achieve maximum yield.
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