Lake City Tower favored due to its prime positioning

The changes in the economic climate have also increased the importance of the tenant, and investors are now carefully considering location as a major factor in ensuring success in the buy-to-let market as accessibility to work, schools and amenities top most tenants' wish-lists.

One area that is attracting immense interest is Dubai's Jumeirah Lake Towers and Lake City Tower, one of the projects within this development by Tiger Properties, is particularly favored. The project, which offers luxury living in an exquisitely designed high-rise tower overlooking a picturesque man-made lake, boasts up-market residential units with artistic finishes and interiors, as well as recreational facilities such as parks, on-site restaurants, retail outlets, a crèche, gymnasium and health facilities.

According to Taha M. Al Zouby, Tiger Properties CEO, the main reason for the high demand for units within Lake City Tower, however, is its location.

"The project is situated directly in front of the metro station, providing easy access to all major points in Dubai, from Jebel Ali through to the airport. It is just a few minutes away from the Almas Tower, which houses the region's only diamond exchange - the Dubai Diamond Exchange, and the Dubai Multi Commodities Centre (DMCC)," explains Mohammed.

"Furthermore, Lake City Tower is situated in close proximity to Dubai International Airport, Jebel Ali free zone, Dubai Internet city, and Dubai Media city, while some of Dubai's landmark sporting, leisure and recreational facilities is also just a short drive away," he added.

Key to Lake City Tower's success, says Taha, is the fact that Tiger Properties partnered with Go Wealthy, offering them exclusive rental rights for a limited number of units in the development, all of which have successfully been let.

"At Tiger Properties we constantly strive to deliver new standards of quality, service, and excellence for our valued customers. In line with this philosophy, we chose to partner with Go Wealthy based on their high degree of professionalism and key understanding of the market. We particularly value the way in which our business has been managed - after all, a professionally managed development is a far more attractive option when looking to rent, as it ensures a streamlined and efficient service," Al Zouby concluded.

Tiger Properties also acknowledges the support of the Dubai Multi Commodity Center (DMCC), a strategic initiative of the Government of Dubai, for its efficient running of Jumeirah Lake Towers.