Gallery
Imagery courtesy of DAMAC Properties.
The project
About Lake Terrace
Lake Terrace is a DAMAC Properties residential tower in Jumeirah Lake Towers, among the developer's first JLT deliveries.
It offers studios to three-bedroom apartments; the structure topped out in 2007 ahead of a 2008 completion.
Completed in 2008 (one listing cites 2012 and a different developer).
At a glance
Lake Terrace key facts
- Developer
- DAMAC Properties
- Community
- Jumeirah Lake Towers
- Status
- Handover soon
- Handover
- Completed (2008)
- Starting price
- On request
- Unit types
- Studio, 1 Bedroom, 2 Bedroom, 3 Bedroom
- Ownership
- Freehold — open to all nationalities
Process
How to buy at Lake Terrace
- 01
Agree the price
Agree terms with the seller of a unit at Lake Terrace, supported by recent Dubai Land Department transactions.
- 02
Form F (MOU)
Buyer and seller sign the RERA Form F memorandum of understanding and a 10% security cheque is lodged.
- 03
Developer NOC
DAMAC Properties issues a No Objection Certificate once any outstanding service charges or instalments are settled.
- 04
Transfer
Transfer takes place at a Dubai Land Department trustee office; the 4% DLD fee is paid and the new title deed is issued.
Our read
The honest view
Every project has trade-offs. Here are both sides, so you can judge whether this one fits what you actually want.
What stands out
- DAMAC-built
- Walking distance to the metro
- Lake views
What to weigh
- Older building
- One listing disputes developer and date
- No verified unit count
FAQ
Lake Terrace — frequently asked questions
What is the starting price of Lake Terrace?
Pricing for Lake Terrace has not been publicly published. Contact MRK Real Estate for the current price list.
When is the handover of Lake Terrace?
Lake Terrace is scheduled for handover in Completed (2008). Off-plan timelines can move, so confirm the current schedule before committing.
Who is the developer of Lake Terrace?
Lake Terrace is developed by DAMAC Properties in Jumeirah Lake Towers, Dubai.
What unit types are available at Lake Terrace?
Lake Terrace offers Studio, 1 Bedroom, 2 Bedroom, 3 Bedroom.
Where is Lake Terrace located?
Lake Terrace is in Jumeirah Lake Towers, Dubai.
Can foreigners buy at Lake Terrace?
Yes. Jumeirah Lake Towers is a freehold area, so buyers of any nationality can own property at Lake Terrace outright.
How do I buy or sell at Lake Terrace?
MRK Real Estate advises on primary purchases and resales at Lake Terrace. Message us on WhatsApp for availability, floor plans and a valuation.
Figures shown are as published by the developer and were last checked on 2026-10-31. Developer pricing, availability and handover dates change between releases — we confirm current terms directly with DAMAC Properties before any transaction.
