Lamtara

Lamtara is the first phase of the upscale Madinat Jumeirah Living development. This residential complex consists of buildings up to 9 stories high, divided into apartments with 1, 2, 3, and 4 bedrooms. All apartments are designed in a unified style, with the project's design developed by specialists from the developer Meraas Properties' in-house design bureau.

Residents of the Lamtara cluster can enjoy breathtaking views of the Arabian Gulf and the grandeur of Burj Al Arab at any time, immersing themselves in a resort-style lifestyle. For residents, there is a comfortable outdoor lounge, a large pool for adults, a smaller pool for children, a barbecue area, a special zone for pets, all surrounded by lush lawns and aesthetic landscaping.

The apartments are move-in ready. The developer has taken care of the finishing, installation of modern plumbing, and appliances. To ensure a comfortable microclimate, a centralized air conditioning system is installed, easily adjustable for personal preferences, with the ability to control the "climate" in each room.

Lamtara's address: Between the Coastline and the Emirate's Center

The Lamtara complex of three buildings is strategically located between Downtown and the renowned Wild Wadi Waterpark. The waterpark is just across the road, adjacent to the scenic beauty of the park surrounding Burj Al Arab, perfect for photography and serene relaxation. An incredible number of shops with a wide range of products, from original souvenirs to branded goods, are within walking distance. Also nearby are numerous F&B establishments, such as Al Mahara, a high-end restaurant with a Michelin-level chef.

Families with children should also consider purchasing property in this area. Two excellent private nurseries are a 5-minute walk from home, and the nearest schools are 3 km away, easily reachable in a 15-minute walk or a 5-minute drive. Child entertainment and developmental studios are also within a 10-minute drive, including language, sports, and creative schools.

Key destinations, such as Dubai International Airport, Burj Khalifa, the emirate's largest mall, and the promising Dubai Creek, are all approximately 20 minutes away. Public transport in the area is convenient, and within the community, cars are scarce - organized parking is designated in specific areas, and the main square is a green pedestrian zone.

Economic Attractiveness of Lamtara

Dubai's real estate is a steadily growing asset. Apartments with 1 bedroom in MJL can yield up to a 6.9% annual ROI from rentals for owners. Finding tenants in an emirate where the majority are expatriates is effortless.

Lamtara is located in one of the few freehold zones in Umm Suqeim. This means that citizens of any country can fully own an apartment here. The best time to buy is now, as compared to the initial off-plan sale price, square meters have already appreciated and are likely to continue to do so.

The community and the entire area where it is located are continuously developing. In the foreseeable future, several shopping complexes will open, residential clusters will be operational, and social and touristic infrastructure will be completed. Thanks to this, investments in property here will significantly multiply.

Due to the absence of property ownership and rental income taxes, such an additional source of income is particularly attractive. Especially when considering a promising eco-zone with a favorable address and an excellent prestigious community.