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Ready building · DAMAC

Lake Terrace, Al Thanyah Fifth

Highlights

Lake Terrace at a glance

About Lake Terrace

Lake Terrace is a mixed-use building in Al Thanyah Fifth, Dubai, developed by DAMAC. It holds about 579 units: studios, 1-bedroom apartments, 2-bedroom apartments, 3-bedroom apartments, commercial units.

The building was completed in 2008 and has been in use for about 18 years. 28 units changed hands in the last 12 months, registered with the Dubai Land Department. Recent sales went through at a median of AED 1,566 per sq ft.

Lake Terrace is one of 133 buildings in Al Thanyah Fifth: 75 are complete and 27 are still being built.

In a nutshell

  • A mixed-use ready building
  • Located in Al Thanyah Fifth, Dubai
  • Developed by DAMAC
  • Completed in Q2 2008
  • Unit types: Studio, 1 Bed, 2 Beds, 3 Beds, Commercial
  • Sizes from 60 to 1,700 sq ft
  • Service charge from AED 16.13 per sq ft
  • Jumeirah Lake Towers metro station 0.3 km away
Status
Ready
Developer
DAMAC
Location
Al Thanyah Fifth, Dubai
Completed
Q2 2008
Unit types
Studio, 1 Bed, 2 Beds, 3 Beds, Commercial
Prices from
AED 253.0K
Median price per sq ft
AED 1,566
Median gross yield
6.8%
Service charge
AED 18.76 per sq ft (2026)
Nearest metro
Jumeirah Lake Towers, 0.3 km

Building details

Inside Lake Terrace

Properties in Lake Terrace

Studios in Lake Terrace

There are about 258 of these in Lake Terrace, from 470 to 570 sq ft. They have recently sold for a median of AED 825.0K, or AED 1,640 per sq ft.

1-bedroom apartments in Lake Terrace

There are about 216 of these in Lake Terrace, from 720 to 890 sq ft. They have recently sold for a median of AED 1.1M, or AED 1,570 per sq ft.

2-bedroom apartments in Lake Terrace

There are about 44 of these in Lake Terrace, from 1,240 to 1,670 sq ft. They have recently sold for a median of AED 2.0M, or AED 1,470 per sq ft. Owners who resold made a median 18% over what they paid.

3-bedroom apartments in Lake Terrace

There are about 26 of these in Lake Terrace, from 1,470 to 1,530 sq ft. They have recently sold for a median of AED 2.4M, or AED 1,560 per sq ft. Owners who resold made a median 14% over what they paid.

Commercial units in Lake Terrace

There are about 35 of these in Lake Terrace, from 60 to 1,700 sq ft. They have recently sold for a median of AED 1.4M, or AED 2,960 per sq ft.

Unit types in Lake Terrace with sizes, median prices and rents
Unit typeUnitsSizeMedian priceMedian rent
Studio258470 sqft43.7 sqmt – 570 sqft53 sqmtAED 825KAED 59K
1 Bed216720 sqft66.9 sqmt – 890 sqft82.7 sqmtAED 1.1MAED 80K
2 Beds441,240 sqft115.2 sqmt – 1,670 sqft155.1 sqmtAED 2M–
3 Beds261,470 sqft136.6 sqmt – 1,530 sqft142.1 sqmtAED 2.4MAED 140K
Commercial3560 sqft5.6 sqmt – 1,700 sqft157.9 sqmtAED 1.4M–

Recent transactions in Lake Terrace

  • Lake Terrace

    Jumeirah Lake Towers (JLT)

    AED 700K

    AED 1,411 /sqftAED 15,188 /sqmt

    ReadyApartment
    496 sqft46.1 sqmtStudioOwner28 Oct 2026

  • Lake Terrace

    Jumeirah Lake Towers (JLT)

    AED 750K

    AED 1,451 /sqftAED 15,618 /sqmt

    ReadyApartment
    517 sqft48 sqmtStudioOwner28 Oct 2026

  • Lake Terrace

    Jumeirah Lake Towers (JLT)

    AED 1.7M

    AED 1,374 /sqftAED 14,790 /sqmt

    ReadyApartment
    1,237 sqft114.9 sqmt2 BedsOwner27 Oct 2026

  • Lake Terrace

    Jumeirah Lake Towers (JLT)

    AED 1M

    AED 1,393 /sqftAED 14,994 /sqmt

    ReadyApartment
    718 sqft66.7 sqmt1 BedOwner9 Sept 2026

  • Lake Terrace

    Jumeirah Lake Towers (JLT)

    AED 800K

    AED 1,613 /sqftAED 17,362 /sqmt

    ReadyApartment
    496 sqft46.1 sqmtStudioOwner3 Sept 2026

  • Lake Terrace

    Jumeirah Lake Towers (JLT)

    AED 2.1M

    AED 1,592 /sqftAED 17,136 /sqmt

    ReadyApartment
    1,288 sqft119.7 sqmt2 BedsOwner21 Jul 2026

  • Lake Terrace

    Jumeirah Lake Towers (JLT)

    AED 1.1M

    AED 1,448 /sqftAED 15,586 /sqmt

    ReadyApartment
    753 sqft70 sqmt1 BedOwner3 Jul 2026

  • Lake Terrace

    Jumeirah Lake Towers (JLT)

    AED 870K

    AED 1,751 /sqftAED 18,848 /sqmt

    ReadyApartment
    497 sqft46.2 sqmtStudioOwner2 Jul 2026

  • Lake Terrace

    Jumeirah Lake Towers (JLT)

    AED 1.1M

    AED 1,567 /sqftAED 16,867 /sqmt

    ReadyApartment
    718 sqft66.7 sqmt1 BedOwner29 Jun 2026

  • Lake Terrace

    Jumeirah Lake Towers (JLT)

    AED 825K

    AED 1,687 /sqftAED 18,159 /sqmt

    ReadyApartment
    489 sqft45.4 sqmtStudioOwner27 Jun 2026

  • Lake Terrace

    Jumeirah Lake Towers (JLT)

    AED 825K

    AED 1,596 /sqftAED 17,179 /sqmt

    ReadyApartment
    517 sqft48 sqmtStudioOwner17 Jun 2026

  • Lake Terrace

    Jumeirah Lake Towers (JLT)

    AED 850K

    AED 1,644 /sqftAED 17,696 /sqmt

    ReadyApartment
    517 sqft48 sqmtStudioOwner13 May 2026

  • Lake Terrace

    Jumeirah Lake Towers (JLT)

    AED 686.8K

    AED 1,382 /sqftAED 14,876 /sqmt

    ReadyApartment
    497 sqft46.2 sqmtStudioOwner5 May 2026

  • Lake Terrace

    Jumeirah Lake Towers (JLT)

    AED 1M

    AED 2,077 /sqftAED 22,357 /sqmt

    ReadyApartment
    496 sqft46.1 sqmtStudioOwner4 May 2026

  • Lake Terrace

    Jumeirah Lake Towers (JLT)

    AED 625.1K

    AED 1,278 /sqftAED 13,756 /sqmt

    ReadyApartment
    489 sqft45.4 sqmtStudioOwner30 Apr 2026

  • Lake Terrace

    Jumeirah Lake Towers (JLT)

    AED 1.8M

    AED 1,219 /sqftAED 13,121 /sqmt

    ReadyApartment
    1,477 sqft137.2 sqmt3 BedsOwner24 Apr 2026

  • Lake Terrace

    Jumeirah Lake Towers (JLT)

    AED 1.2M

    AED 2,277 /sqftAED 24,509 /sqmt

    ReadyApartment
    516 sqft47.9 sqmtStudioOwner10 Apr 2026

  • Lake Terrace

    Jumeirah Lake Towers (JLT)

    AED 1.3M

    AED 1,705 /sqftAED 18,352 /sqmt

    ReadyApartment
    739 sqft68.7 sqmt1 BedOwner6 Apr 2026

  • Lake Terrace

    Jumeirah Lake Towers (JLT)

    AED 1.1M

    AED 1,565 /sqftAED 16,846 /sqmt

    ReadyApartment
    719 sqft66.8 sqmt1 BedOwner6 Mar 2026

  • Lake Terrace

    Jumeirah Lake Towers (JLT)

    AED 1.1M

    AED 1,461 /sqftAED 15,726 /sqmt

    ReadyApartment
    753 sqft70 sqmt1 BedOwner6 Feb 2026

  • Lake Terrace

    Jumeirah Lake Towers (JLT)

    AED 68K/yr

    ApartmentNew contract
    472 sqft43.9 sqmtStudioto

  • Lake Terrace

    Jumeirah Lake Towers (JLT)

    AED 67K/yr

    ApartmentNew contract
    516 sqft47.9 sqmtStudioto

  • Lake Terrace

    Jumeirah Lake Towers (JLT)

    AED 60K/yr

    ApartmentRenewal
    529 sqft49.1 sqmtStudioto

  • Lake Terrace

    Jumeirah Lake Towers (JLT)

    AED 57K/yr

    ApartmentNew contract
    517 sqft48 sqmtStudioto

  • Lake Terrace

    Jumeirah Lake Towers (JLT)

    AED 80K/yr

    ApartmentRenewal
    719 sqft66.8 sqmt1 Bedto

  • Lake Terrace

    Jumeirah Lake Towers (JLT)

    AED 60K/yr

    ApartmentNew contract
    472 sqft43.9 sqmtStudioto

  • Lake Terrace

    Jumeirah Lake Towers (JLT)

    AED 53K/yr

    ApartmentNew contract
    527 sqft49 sqmtStudioto

  • Lake Terrace

    Jumeirah Lake Towers (JLT)

    AED 55K/yr

    ApartmentNew contract
    567 sqft52.7 sqmtStudioto

  • Lake Terrace

    Jumeirah Lake Towers (JLT)

    AED 54K/yr

    ApartmentNew contract
    517 sqft48 sqmtStudioto

  • Lake Terrace

    Jumeirah Lake Towers (JLT)

    AED 73K/yr

    ApartmentNew contract
    719 sqft66.8 sqmt1 Bedto

  • Lake Terrace

    Jumeirah Lake Towers (JLT)

    AED 90K/yr

    ApartmentNew contract
    753 sqft70 sqmt1 Bedto

  • Lake Terrace

    Jumeirah Lake Towers (JLT)

    AED 140K/yr

    ApartmentNew contract
    1,477 sqft137.2 sqmt3 Bedsto

  • Lake Terrace

    Jumeirah Lake Towers (JLT)

    AED 58K/yr

    ApartmentNew contract
    527 sqft49 sqmtStudioto

  • Lake Terrace

    Jumeirah Lake Towers (JLT)

    AED 63K/yr

    ApartmentRenewal
    753 sqft70 sqmt1 Bedto

  • Lake Terrace

    Jumeirah Lake Towers (JLT)

    AED 60K/yr

    ApartmentNew contract
    517 sqft48 sqmtStudioto

  • Lake Terrace

    Jumeirah Lake Towers (JLT)

    AED 65K/yr

    ApartmentRenewal
    516 sqft47.9 sqmtStudioto

  • Lake Terrace

    Jumeirah Lake Towers (JLT)

    AED 80K/yr

    ApartmentRenewal
    753 sqft70 sqmt1 Bedto

  • Lake Terrace

    Jumeirah Lake Towers (JLT)

    AED 80K/yr

    ApartmentRenewal
    737 sqft68.5 sqmt1 Bedto

  • Lake Terrace

    Jumeirah Lake Towers (JLT)

    AED 65K/yr

    ApartmentRenewal
    796 sqft74 sqmt1 Bedto

  • Lake Terrace

    Jumeirah Lake Towers (JLT)

    AED 54K/yr

    ApartmentRenewal
    517 sqft48 sqmtStudioto

Every sale in Lake TerraceEvery rent contract in Lake Terrace

Service charges in Lake Terrace

The 2026 service charge in Lake Terrace is AED 18.76 per sq ft for homes, AED 16.13 per sq ft for shops. It is paid yearly by the owner, covers upkeep, security and shared areas, and is set by the building’s owners association and registered with the Dubai Land Department.

Service charges in Lake Terrace
Unit typeRate per sq ftSizeYearly charge
1 Bed Apartment (2026)AED 18.76720 sqft66.9 sqmt – 890 sqft82.7 sqmtAED 13,507 – AED 16,696
2 Beds Apartment (2026)AED 18.761,240 sqft115.2 sqmt – 1,670 sqft155.1 sqmtAED 23,262 – AED 31,329
3 Beds Apartment (2026)AED 18.761,470 sqft136.6 sqmt – 1,530 sqft142.1 sqmtAED 27,577 – AED 28,703
Retail (2026)AED 16.1360 sqft5.6 sqmt – 1,700 sqft157.9 sqmtAED 968 – AED 27,421
Studio Apartment (2026)AED 18.76470 sqft43.7 sqmt – 570 sqft53 sqmtAED 8,817 – AED 10,693

Source: Dubai Land Department service charge index. Rates are reviewed each year.

Available now

Properties for sale and rent in Lake Terrace

Units in Lake Terrace listed with fäm right now. Each listing has its own photos, price and the broker handling it.

Nearby amenities

Around Lake Terrace

Transportation near Lake Terrace

The nearest Dubai Metro station from Lake Terrace is Jumeirah Lake Towers (red line, 0.3 km, about 4 min walk), then DAMAC Properties (red line, 1.4 km, about 5 min drive). Stations planned on new lines nearby include Jumeirah Lake Towers (orange line, 0.4 km, about 5 min walk) and Dubai Marina Mall (orange line, 0.7 km, about 8 min walk).

  • Jumeirah Lake TowersRed line · 0.3 km · about 4 min walk
  • Jumeirah Lake TowersOrange line · 0.4 km · about 5 min walk
  • Dubai Marina MallOrange line · 0.7 km · about 8 min walk
  • Jumeirah Beach Residence 2Orange line · 1 km · about 12 min walk
  • Jumeirah Beach Residence 1Orange line · 1.2 km · about 14 min walk
  • DAMAC PropertiesRed line · 1.4 km · about 5 min drive

Shopping and groceries near Lake Terrace

The closest is Al Maya / Dream Tower, Dubai Marina, 0.6 km from Lake Terrace (about 7 min walk).

  • Al Maya / Dream Tower, Dubai MarinaSupermarket · 0.6 km · about 7 min walk
  • Dubai Marina MallShopping Mall · 0.7 km · about 8 min walk
  • Wafi MallShopping Mall · 0.8 km · about 10 min walk
  • Marina MallShopping Mall · 0.8 km · about 10 min walk
  • Al Maya / Bahar 6, Jumeirah Beach ResidenceSupermarket · 1 km · about 12 min walk

Restaurants and hotels near Lake Terrace

The closest is Bonnington Jumeirah Lakes Towers, 0.8 km from Lake Terrace (about 10 min walk).

  • Bonnington Jumeirah Lakes TowersHotel · 0.8 km · about 10 min walk
  • Radisson Blu Residence, Dubai MarinaHotel · 1 km · about 12 min walk
  • Sofitel Dubai Jumeirah BeachHotel · 1.1 km · about 13 min walk
  • Amwaj Rotana, Jumeirah Beach - DubaiHotel · 1.2 km · about 14 min walk
  • Oasis Beach Tower ApartmentsHotel · 1.2 km · about 14 min walk

Hospitals and clinics near Lake Terrace

The closest is Armada Medical Centre, 0.7 km from Lake Terrace (about 8 min walk).

  • Armada Medical CentreHospital · 0.7 km · about 8 min walk
  • Eternity Medicine Institute DubaiHospital · 1.2 km · about 14 min walk
  • Eternity Medicine InstituteHospital · 1.4 km · about 5 min drive
  • Dr Marc Mueller VIP ClinicHospital · 1.7 km · about 5 min drive
  • Cosmesurge & Emirates HospitalHospital · 1.8 km · about 6 min drive

Parks and leisure near Lake Terrace

The closest is JBR Beach, 1 km from Lake Terrace (about 12 min walk).

  • JBR BeachPark · 1 km · about 12 min walk

Schools near Lake Terrace

The nearest is EMIRATES INTERNATIONAL SCHOOL MEADOWS, 1.6 km away. Ratings are the KHDA's latest inspection grades.

  • EMIRATES INTERNATIONAL SCHOOL MEADOWSInternational Baccalaureate - International Baccalaureate (1 · KHDA: Very good · 1.6 km
  • Dubai British SchoolUK · KHDA: Outstanding · 3.4 km
  • Dubai British School Jumeirah ParkUK · KHDA: Outstanding · 3.4 km
  • Regent International Private School L.L.CUK · KHDA: Very good · 3.9 km
  • The Winchester School - DUBAI BRANCHUK · KHDA: Very good · 3.9 km
  • Dubai International Academy L.L.CInternational Baccalaureate - International Baccalaureate (1 · KHDA: Outstanding · 3.9 km

Other buildings in Al Thanyah Fifth

Al Thanyah Fifth has 133 buildings. A few others to compare Lake Terrace with:

All 133 Al Thanyah Fifth buildings →

Things to consider about Lake Terrace

In its favour

  • Jumeirah Lake Towers metro station is within walking distance.
  • An active resale market: 28 sales in the last year make it easier to price and to sell.
  • Owners who resold have made money: a median gain of up to 18%.
  • A median gross yield of 6.8% on recent sales.
  • Ready to move into or let, with no construction risk.
  • Several schools within 3 km.

Worth checking

  • Completed 18 years ago: ask about maintenance and any planned refurbishment.

Specialists

Brokers who know Lake Terrace

These brokers handle sales and lettings in Lake Terrace and can tell you what is available now.

FAQs

Lake Terrace: questions answered

Lake Terrace was developed by DAMAC in Al Thanyah Fifth.

Lake Terrace is completed in Q2 2008.

Across its 20 most recent registered sales, Lake Terrace sold for a median of AED 1,566 per sq ft and AED 1.0M per unit.

Recent yearly contracts in Lake Terrace have a median rent of AED 64.0K.

The median gross yield on recently sold units in Lake Terrace is 6.8%: the rent the unit earned over its purchase price, before costs.

The 2026 service charge for residential units in Lake Terrace is AED 18.76 per sq ft a year, as registered with the Dubai Land Department.

Lake Terrace has Studio (470 to 570 sq ft), 1 Bed (720 to 890 sq ft), 2 Beds (1,240 to 1,670 sq ft), 3 Beds (1,470 to 1,530 sq ft), Commercial (60 to 1,700 sq ft).

Jumeirah Lake Towers is about 0.3 km from Lake Terrace.

The nearest schools include EMIRATES INTERNATIONAL SCHOOL MEADOWS (1.6 km), Dubai British School (3.4 km), Dubai British School Jumeirah Park (3.4 km).

Buying, selling or renting in Lake Terrace?

A broker who works Al Thanyah Fifth will tell you what is available and what comparable homes went for.

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