Lake Elucio

TL;DR: Lake Elucio is a sub-community within Jumeirah Lake Towers (JLT), Dubai's largest freehold mixed-use master community developed by the Dubai Multi Commodities Centre (DMCC). The Lake Elucio area encompasses multiple residential and commercial towers surrounding a former artificial lake that was transformed in 2013 into a 55,000 sq metre (590,000 sq ft) central park with jogging tracks, children's play areas, exercise equipment, and a basketball court. The primary residential tower in the area is Lake Shore Tower (Cluster Y, Plot Y2) — a 46-storey high-rise completed in August 2009 with 396 apartments including studios from 505 sq ft, 1-bedrooms at 967 sq ft, 2-bedrooms at 1,450 sq ft, 3-bedrooms at 2,700 sq ft, and penthouses at 4,577 sq ft. Sale prices start from approximately AED 600,000 for studios, with an average price per sq ft of AED 991 and gross rental yields of 7.22% to 7.91%. JLT offers freehold ownership, two Red Line metro stations (DMCC and JLT), proximity to Dubai Marina and JBR Beach, and the business advantages of the DMCC Free Zone — named the world's number one free zone for eight consecutive years.

Overview of Lake Elucio in Jumeirah Lake Towers

Lake Elucio represents one of the most established and centrally positioned sub-communities within Jumeirah Lake Towers (JLT), Dubai's expansive freehold master community that houses over 100,000 residents across 80+ towers organised in 26 alphabetical clusters. Master-developed by the Dubai Multi Commodities Centre (DMCC), JLT has evolved since its inception into one of the most sought-after residential and commercial addresses in Dubai, combining urban convenience, waterfront amenities, and free zone business advantages in a single integrated community.

The Lake Elucio sub-community originally took its name from one of four artificial lakes that characterised the JLT landscape. In late 2012, DMCC announced the transformation of Lake Elucio into a major community park, and by 2013-2014 the lake was replaced with a 55,000 sq metre (590,000 sq ft) central park — one of the largest community green spaces in the Dubai Marina corridor. This park now features jogging tracks, children's play areas, outdoor exercise machines, and a basketball court, and hosts regular community events including the JLT Fitness Hub, Cinema Under the Stars, and seasonal cultural festivals.

The Lake Elucio area encompasses towers from multiple clusters including Clusters O, P, Q, R, V, W, and Y, with a combined total of approximately 1,178 units. The most prominent residential tower is Lake Shore Tower in Cluster Y, a 46-storey high-rise housing 396 apartments that stands as one of the tallest residential buildings in the immediate area. Cluster Y also includes two commercial towers — Jumeirah Business Centre 3 (JBC 3, 39 floors, 253 offices) and Swiss Tower (40 floors, 177 offices with distinctive Swiss-inspired sky gardens).

All residential properties in JLT are freehold, open to buyers of all nationalities, with the added advantage of being situated within the DMCC Free Zone — providing residents who establish businesses the benefits of 0% corporate tax on qualifying income, 0% personal income tax, 100% foreign ownership, and 100% repatriation of capital and profits.

Location and Connectivity

Lake Elucio and the broader JLT community occupy a prime position in the New Dubai corridor between Sheikh Zayed Road (E11) and the Dubai Marina waterfront. This location places residents within walking distance of some of Dubai's most popular lifestyle destinations while maintaining excellent connectivity to the wider city.

Two Red Line metro stations serve the JLT community directly: DMCC Metro Station and JLT Metro Station, both approximately 11 minutes' walk from the Lake Elucio area. This dual metro access provides rail connectivity to every major destination along the Red Line, from Jebel Ali in the south to Rashidiya near the airport in the north, without requiring a car.

Dubai Marina Walk, the 7-kilometre waterfront promenade lined with restaurants, cafes, and retail outlets, is approximately 900 metres from the community. The Walk at JBR (Jumeirah Beach Residence), one of Dubai's most popular beachfront promenades, is about 1.8 kilometres away, while JBR Beach and Marina Beach provide swimming and sunbathing access within 1.9 to 2.5 kilometres. Dubai Marina Mall offers local retail at approximately 10 minutes by car.

For broader destinations, Mall of the Emirates (home to Ski Dubai) is roughly 15 minutes by car, Downtown Dubai and Dubai Mall are approximately 19 minutes, and Dubai International Airport is 27 to 30 minutes (approximately 38 kilometres). Sheikh Zayed Road lies just 1 kilometre from Cluster Y, providing direct highway access to every emirate.

Architecture and Design

The towers within the Lake Elucio area present diverse architectural identities that reflect the multi-developer model of JLT, where individual clusters were built by different developers under DMCC's master plan oversight.

Lake Shore Tower (Plot Y2), the primary residential building, rises 46 floors as a contemporary residential high-rise designed around the theme of space, style, and security. Completed in August 2009 by Al Bodor Real Estate Development, the tower was positioned to maximise views across the former lake (now the central park) and the surrounding JLT skyline. The building features scenic outlooks framed by landscaped gardens at the podium level, with residential floors offering views in multiple directions including Dubai Marina, the JLT park, and the Meadows villa community beyond.

Swiss Tower (Plot Y3), one of the cluster's commercial towers, introduces a distinctly European architectural reference. Designed by JSK International Architekten und Ingenieure, this 40-storey tower (160.60 metres tall) features a rectangular structure with an inclined core creating two triangular atriums. The lower half of the building incorporates 'high sky gardens' landscaped with full-grown Alpine evergreens, water features, and natural stone — a direct homage to Swiss outdoor landscapes that creates a remarkable green intervention in the glass-and-steel commercial environment.

Jumeirah Business Centre 3 (Plot Y1), developed by Al Fajer Properties, presents a modern corporate aesthetic with a grand lobby featuring a 5-floor-high atrium ceiling, Italian decor, and marble finishes. The 39-storey tower houses 253 offices with a typical floor plate of approximately 11,098 sq ft.

Amenities and Lifestyle

The Lake Elucio area benefits from both building-specific amenities and the extensive shared infrastructure of the JLT master community.

Lake Shore Tower Amenities: The residential tower provides a gymnasium with modern fitness equipment, a swimming pool, basement parking with key card access, 24/7 security with CCTV surveillance, concierge services, high-speed elevators, central air conditioning with free chiller, a lobby, and maintenance services. Ground-floor commercial units include dining options and retail services accessible to residents without leaving the building.

JLT Community Amenities: The 55,000 sq metre Lake Elucio park provides the primary outdoor recreation space, with jogging tracks, outdoor exercise machines, a basketball court, and children's play areas. The park hosts community events throughout the year, creating a social dimension that enhances the residential experience. Each JLT cluster features its own waterfront retail at podium level, with over 600 retail outlets across the community including supermarkets (Al Maya, Freshmart, Demart, Carrefour with 2 branches), restaurants, cafes, pharmacies, medical centres, and service establishments.

The community's mosque and prayer rooms serve religious needs, while a medical centre within JLT provides primary healthcare services. The waterfront promenades connecting the clusters create an extensive network of pedestrian paths that encourage walking, jogging, and cycling throughout the community.

Dining and Entertainment: JLT has developed a vibrant food and beverage scene that rivals many purpose-built dining destinations. Notable venues include The Park JLT (a 3-level dining complex housing Hawkerboi and Splendour Fields), Nola Eatery and Social House (New Orleans-inspired), Mythos Kouzina and Grill (Greek), The Scene by Simon Rimmer, Wokyo Noodle Bar, and Cafe Isan. The proximity to Dubai Marina Walk and JBR The Walk expands the dining options to hundreds of additional restaurants and cafes.

Unit Types, Configurations, and Pricing

Lake Shore Tower offers five residential configurations across its 396 units:

Studios (approximately 505 sq ft, 96 units): Compact, efficiently designed apartments suited to singles and couples. Current sale prices range from approximately AED 600,000 to AED 700,000. Annual rents: AED 40,000 to AED 45,000.

1-Bedroom Apartments (approximately 967 sq ft, 204 units): The tower's most numerous configuration, featuring closed kitchens, spacious living areas, built-in wardrobes, and full-length balconies. Sale prices: AED 700,000 to AED 914,000. Annual rents: AED 50,000 to AED 60,000. Gross rental yield: approximately 7.22%.

2-Bedroom Apartments (approximately 1,450 sq ft, 84 units): Family-suitable units with generous proportions and high-quality finishes. Sale prices: AED 1,000,000 to AED 1,650,000. Annual rents: AED 72,000 to AED 85,000.

3-Bedroom Apartments (approximately 2,700 sq ft, limited units): Spacious family residences with multiple bathrooms and premium specifications. Annual rents: AED 113,000 to AED 120,000.

4-Bedroom Penthouses (approximately 4,577 sq ft): The tower's most exclusive offering, occupying upper floors with panoramic views and enhanced specifications. Sale prices: approximately AED 3,000,000.

The average price per sq ft across Lake Shore Tower stands at approximately AED 991. The broader Lake Elucio sub-community shows starting prices from AED 625,000, with the full spectrum extending to AED 15,000,000 for premium units across the area.

Service charges for Lake Shore Tower are approximately AED 17.27 to AED 18.51 per sq ft per annum (including all fees), translating to approximately AED 16,700 to AED 17,900 annually for a typical 1-bedroom apartment. These charges cover free chiller (district cooling), building maintenance, security, common area upkeep, and management services.

Schools, Healthcare, and Nearby Facilities

Education: Emirates International School Meadows is approximately 7 minutes by car, the American School of Dubai is 9 minutes, and Dubai British School Emirates Hills serves the wider area. King's School Al Barsha is about 16 minutes away. Within JLT itself, several nurseries serve younger children, including Dewdrops Nursery (2 branches), Learning Ladders Nursery (2 branches), Paddington Nursery, and Oakfield Early Learning Centre.

Healthcare: The Armada Medical Centre is just 100 to 400 metres from the Lake Elucio towers, providing immediate primary healthcare access. Dr K Medical Centre DMCC and Dome MedDental Clinic operate within JLT. For more comprehensive services, Mediclinic Meadows is approximately 10 minutes, Saudi German Hospital is 13 minutes, and Al Zahra Hospital is 12 minutes by car.

Retail and Daily Needs: Supermarket access is excellent, with Al Maya, Freshmart, Demart, and two Carrefour branches all operating within the JLT community. Each cluster's ground-floor retail provides convenience stores, pharmacies, laundries, and service establishments within walking distance.

DMCC and JLT Master Community

The Dubai Multi Commodities Centre was established in 2002 as a state-owned enterprise with the dual mandate of promoting commodity trade through Dubai and developing the JLT community. From its headquarters in the 66-floor Almas Tower — the tallest commercial tower in the region — DMCC oversees more than 23,000 registered businesses and a community that has grown to exceed 100,000 residents.

DMCC's recognition as the world's number one free zone for eight consecutive years reflects the quality of its business infrastructure, regulatory environment, and community management. Business setup can be completed in approximately 10 working days, with three company types available (Individual, Subsidiary, and Branch). The free zone offers 0% corporate tax on qualifying income, 0% personal income tax, 100% foreign ownership, 100% capital repatriation, and no customs duties within the DMCC zone.

JLT's 26 clusters (A through Z), each containing 3 towers with shared parking and waterfront retail, create a modular urban fabric that balances variety with consistency. The community's freehold status, combined with free zone business advantages and strong lifestyle amenities, has made JLT one of the most popular communities for both end-users and investors in Dubai.

Investment Potential and Market Position

The Lake Elucio area and Lake Shore Tower specifically deliver some of the strongest rental yields in the JLT community. The overall gross yield for Lake Shore Tower stands at 7.91%, with 1-bedroom units yielding approximately 7.22% — figures that outperform many comparable developments in the Marina corridor. Short-term rental strategies in JLT can achieve yields of 7.5% to 9%, while off-plan or refurbished units have shown returns of up to 10%.

The investment case is strengthened by JLT's structural demand drivers: the DMCC free zone attracts a continuous influx of business owners and professionals who become natural tenants; the dual metro access provides connectivity that sustains demand regardless of traffic conditions; and the community's scale of 100,000+ residents creates a self-sustaining economic ecosystem with retail, dining, and services that reduce dependency on external destinations.

After deducting service charges (approximately AED 12,000-18,000 per year for a 1-bedroom), agency management fees (5-8% of rental income), and utility costs, net yields typically run 1.5% to 2% below gross figures — still delivering attractive returns in the 5% to 6% net range that represents strong performance for the Dubai freehold market.