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The Jumeirah Lakes Towers (JLT) (Arabic: أبراج بحيرات الجميرا) is a large development in Dubai, United Arab Emirates which consists of 80 towers being constructed along the edges of three artificial lakes (Lake Almas West, Lake Almas East, JLT Lake) as well as the JLT Embankment of eight towers facing Jumeirah Islands.
You asked, is JLT a free zone? JLT Free Zone Services JLT Free Zone is one of the fastest growing free zones in the UAE.
In this regard, is JLT good place to live? Relatively laid back, life in JLT offers convenience at its very best. With restaurants, cafes and shops located close-by to the many high-rise residential towers, you can find what you need just a short walk away. More often than not, young professionals and small families choose JLT as their place to live in Dubai.
You asked, is JLT a good place to live in Dubai? JLT offers all the amenities that residents would require, which is why it is an excellent community for singles, married couples and young families, to both reside and work. There are many supermarkets in JLT dotted throughout the community, which includes a Spinneys, West Zone and Carrefour Market.
Beside above, who owns JLT Dubai? The Jumeirah Lakes Tower area is listed under the DMCC Free Zone. Established in 2002, the DMCC Authority is a hub for global commodities trade. As a free zone, DMCC offers 100% ownership of the business and full tax exemption, an ideal option for foreign companies.
What are the free zones in UAE?
- Dubai South.
- International Free Zone Authority.
- Dubai Multi Commodities Center.
- Meydan Free Zone.
- Jebel Ali Free Zone.
- Dubai Airport Free Zone.
- Abu Dhabi Airport Free Zone.
- Abu Dhabi Global Market.
What are free zones in Dubai?
Essentially, free zones or free trade zones in Dubai are business zones where companies operating in them are exempt from all types taxation such as Value Added Tax (VAT), Income Tax, Corporate Tax and Customs. Business owners in the free zone areas in Dubai have 100% ownership of the business.
What is DMCC in UAE?
The Dubai Multi Commodities Centre (DMCC) is one of the fastest growing UAE Free Zones. It was established in 2002 and is located in a lake-front development called Jumeirah Lakes Towers, opposite Dubai Marina and ten minutes from Jebel Ali Sea and Air Ports and the Logistic Corridor.
Which cluster is best in JLT?
Lake City Tower is located in Cluster D, directly in front of the metro station. Developed by Tiger Properties, Lake City Tower offers excellent views of the lake and Sheikh Zayed Road.
Who is the developer of JLT?
Dubai Multi Commodities Centre (DMCC) – known as the master developer of Jumeirah Lake Towers (JLT) and led by executive chairman and chief executive officer, Ahmed Bim Sulayem – is developing the 78-storey Uptown Dubai project, which is set to feature a two-level central plaza that will be larger than the New York …
Is Dubai Marina a free zone?
Dubai Marina is the most popular freehold area in Dubai. Dubai’s freehold areas are locations where non-GCC nationals can own properties.
Which district is Jumeirah Lakes Towers?
Part of the Emirates Living district, Jumeirah Lake Towers offers scenic water views, skyscrapers which are a vibrant mix of offices, residences and retail and idyllic spots. Set as a three-tower cluster design around four lakes, JLT is strategically located near Interchange 5 on Sheikh Zayed Road.
Does JLT exist?
As of April 1, 2019, JLT Group is now a part Marsh & McLennan Companies (MMC). JLT Groups’ legacy of excellence in consulting and solutions management will continue as Mercer, where JLT clients will continue to find the highest level of service from their same relationship managers.
What happened to JLT?
Marsh & McLennan Companies, Inc. (NYSE: MMC) today completed the acquisition of Jardine Lloyd Thompson Group plc (JLT) for $5.6 billion in fully diluted equity value, furthering its role as the world’s preeminent professional services firm in the areas of risk, strategy and people.
What does JLT company do?
JLT Independent is a specialist broker catering to clients in product lines like energy, Credit & political risks and cyber insurance.
Which is the cheapest free zone in UAE?
Ajman Media City is the cheapest free zone in UAE. This freezone offers investors a range of business activities and business license types at the lowest cost. The Ajman Media City has various office types – shared, customized, Flexi-desk, etc., with and world-class infrastructure.
