Lake Terrace
DAMAC · Jumeirah Lake Towers · 573 homes · Completed
A completed DAMAC project in Jumeirah Lake Towers: 573 homes, with completion declared for Q2 2008 on the register. Registered resales from Jul 2025 to Jun 2026 had a median of AED 1,587 per sqft, 152% above the launch quarter.
Updated 27 Oct 2026Prices. Quarter by quarter since launch.
Every quarter as a table
| Quarter | Median AED/sqft | Sales |
|---|---|---|
| Q1 2012 | 631 | 87 |
| Q2 2012 | 694 | 46 |
| Q3 2012 | 860 | 32 |
| Q4 2012 | 933 | 33 |
| Q1 2013 | 667 | 34 |
| Q2 2013 | 664 | 56 |
| Q3 2013 | 1,008 | 34 |
| Q4 2013 | 847 | 38 |
| Q1 2014 | 1,291 | 23 |
| Q2 2014 | 1,311 | 18 |
| Q4 2014 | 1,539 | 13 |
| Q1 2015 | 1,194 | 12 |
| Q3 2015 | 1,301 | 12 |
| Q4 2015 | 1,279 | 24 |
| Q1 2016 | 1,357 | 13 |
| Q2 2016 | 1,343 | 26 |
| Q4 2016 | 1,262 | 17 |
| Q1 2017 | 1,493 | 11 |
| Q2 2017 | 1,332 | 13 |
| Q1 2018 | 1,366 | 14 |
| Q4 2022 | 1,131 | 16 |
| Q1 2023 | 1,219 | 12 |
| Q2 2023 | 1,238 | 11 |
| Q1 2024 | 1,461 | 16 |
| Q2 2024 | 1,500 | 14 |
| Q3 2024 | 1,499 | 17 |
| Q4 2024 | 1,559 | 11 |
| Q1 2025 | 1,444 | 17 |
| Q2 2025 | 1,610 | 10 |
| Q3 2025 | 1,488 | 14 |
| Q2 2026 | 1,620 | 10 |
Median AED per sqft of registered sales, off-plan and ready, through Q3 2026. Quarters with fewer than 10 sales are left out. The launch quarter is the first quarter with 10 or more sales.
Promised vs delivered. Launch to today.
3% over the Jumeirah Lake Towers median.
The promised date is the completion date declared on the Dubai Land Department register. A handover is dated by the first ready-market sale on the register, which trails the keys. The launch price is the launch quarter’s median of registered sales, not a brochure. Area medians are every registered home sale in the area, Jul 2025 to Jun 2026.
Questions.
When was Lake Terrace handed over?
It is completed on the Dubai Land Department register, which declared completion for Q2 2008. No ready-market sale on the register dates the handover yet.
What do homes in Lake Terrace sell for?
From Jul 2025 to Jun 2026, 36 homes sold on the register at a median of AED 1,587 per sqft and AED 1.19M per home. By unit type: Studio AED 850K (13 sales), 1 BR AED 1.2M (13 sales), 2 BR AED 1.66M (8 sales). These are registered deeds, not the developer's price list.
Who built Lake Terrace?
DAMAC. The project is registered to DAMAC on the Dubai Land Department register, which lists 260 projects for the developer in Dubai, 120 of them under construction. 24 of its 67 dated handovers came within 3 months of the promised date.
How many homes are in Lake Terrace?
573, as counted on the Dubai Land Department register. The declared mix: 258 studios, 216 1 BR, 44 2 BR, 26 3 BR.
