Jumeirah Lake Towers is a business centre district that tastefully combines both function and
aesthetic appeal. It has three famous man-made lakes and landscaped gardens that add a touch of
nature to its modern hotels, retail establishments, recreational areas, residential and office
skyscrapers and commercial areas.
It is also famous for being pedestrian friendly but automobile restrictive. This is not exactly
a problem as most of the buildings are not too far from each other. The famous Almas Tower,
which houses some of the country’s prime leaders in the diamond, pearl and gemstone industries,
is the district’s centre piece. It is also conveniently located near prestigious neighborhoods
such as Business Bay and Abu Dhabi, the capital of the UAE.
Apart from its peaceful waterfront ambiance, it also provides an excellent business environment
both for local and foreign business owners. As an economic free zone, it provides several
advantages and incentives such as permission for foreigners to have 100% ownership and control
over their companies, 0% income and corporate taxes, abolition of customs duty, and provision of
modern infrastructure and trade networking platforms for investors. Once the process of business
incorporation is completed, businesses and companies will be assisted by the free zone
authorities on issues regarding property security.
While policies to encourage local and foreign investment are put in place, competition is
inevitable. The prices of land and building spaces reach astronomical heights as companies
compete to set up their businesses in the area. Nevertheless, these factors only ensure that the
structures, facilities, and services being provided in the district are world class and of the
highest quality worth their prices.
Being able to set up companies and businesses in JLT can ensure great connections with
successful companies, target market visibility, and accessibility. These are essential factors
for maintaining and promoting a successful business venture.
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