Lake Central Tower in Business Bay: Location and Building Guide

Lake Central is a completed commercial tower in Business Bay, Dubai, developed by Fakhruddin Properties. It has 195 units, a T-shaped footprint and a service list that includes valet parking and a prayer room. It suits businesses and owners who want a finished tower in Business Bay and who plan to compare it with a few others before a viewing.

Key takeaways

• Completed in Q1 2012, and Dubai Land Department's completion date for the building is 2012-02-28. The title is freehold.
• A commercial tower of 195 units in Business Bay, with a T-shaped footprint.
• Services include central air conditioning, security with CCTV cameras, maintenance staff, valet parking, covered parking and a prayer room.
• The reception has 24/7 security, and the building has boardroom facilities and high-speed elevators.
• Business Bay had 7,547 rental contracts registered in the latest 12 months, at a median annual rent of AED 92,000; that is an area figure, not a figure for this tower.
• Developer: Fakhruddin Properties. Area: Business Bay.

A commercial tower of 195 units, completed in Q1 2012

Lake Central was completed in Q1 2012, and Dubai Land Department's completion date for the building is 2012-02-28. Fakhruddin Properties developed it. The building has 195 units, and the title is freehold.

A tower that has stood for more than a decade can be judged in person. You can see how the lobby is kept, how the lifts perform and how the corridors look, and you can speak to businesses that already work there. Treat the viewing as an inspection, not a sales presentation, and ask to see a unit that is in use as well as one that is empty.

The T-shaped footprint and what it means on a viewing

Lake Central has a T-shaped footprint. A shape like that gives the tower more than one wing, so units on different wings can face different directions and look onto different things. Two offices on the same floor can feel quite different, depending on the wing, the direction of the windows and the amount of daylight that reaches the desks.

When you are shown a unit, ask which wing it is in, which way its windows face and what stands in front of them. Look at the light at the time of day your team will be in the office. A unit that is bright in the morning can be hot in the afternoon, and the reverse can also be true.

Services in the building: security, valet parking and a prayer room

The building has:

• central air conditioning
• security and CCTV cameras
• a reception with 24/7 security
• maintenance staff
• valet parking
• covered parking
• a prayer room
• boardroom facilities
• high-speed elevators

Some of these are easy to check and some need a question. Central air conditioning is worth asking about, since you should know whether it is covered by the service charge or billed separately, and who to call when a unit is too warm or too cold. Ask how the boardroom facilities are booked and whether tenants pay to use them. For valet parking, ask who operates it, at what hours, and whether it is open to visitors and clients or only to tenants.

The prayer room is a useful detail for a business with a large team. Ask where it is and whether it is open during working hours.

Prices and rents: what to ask for

Ask the seller or landlord for the asking price or rent, the exact area, and dated registered figures for comparable units in this tower. A number without a date is hard to rely on.

When you are given a figure, ask what it covers. A rent that looks lower may leave out the service charge, parking or air conditioning, and a sale price that looks lower may come with a unit that needs fit-out work. Write each offer on one comparison sheet and answer the same questions for every building.

Business Bay in registered transactions

These figures are for the whole of Business Bay, not for Lake Central. Over the latest 12 months, Dubai Land Department recorded 10,840 sales in Business Bay, 6,865 of them off-plan and 3,975 in completed buildings, at a median of AED 2,508.88 per sq ft. The most recent was on 2026-05-12. In the same period it registered 7,547 rental contracts in the area, with a median annual rent of AED 92,000.

An area median puts many kinds of property into one number, and most of the sales counted were off-plan, so it does not describe a unit in a finished commercial tower. Use the figures as background and ask for dated numbers from this building. Sale records show what was registered, not what any unit is worth today.

You can browse recent registered transactions on our site, and the methodology page explains how these figures are counted.

Where Lake Central sits in Business Bay

Lake Central is in Business Bay. The Dubai Water Canal, Business Bay Metro Station, Downtown Dubai and the Dubai International Financial Centre are the landmarks people use to place the district, and Dubai International Airport is another destination for visiting clients. Ground-level cafes and pedestrian streets are part of the setting around the tower.

Try the routes yourself at the hours your staff and clients would use them, and check where visitors would be dropped off and where they would park.

Other projects by Fakhruddin Properties

Fakhruddin Properties has other projects with pages on our site. Oasis High Park in Dubai Silicon Oasis and Oasis Towers in Dubai Sports City are completed. Maimoon Gardens in Jumeirah Village Circle, Hatimi Residences in Dubai Islands, Treppan Vision in Dubai Land Residence Complex and Treppan Tower in Jumeirah are off-plan. The developer also has its own page on our site.

Other buildings in Business Bay you can compare

Business Bay has many towers, and they differ in age, stage of completion, service charges and facilities. Asking the same questions in two or three of them is the quickest way to see what each one offers. Several below are still under construction, which is a different purchase from a finished tower, so compare the stage as well as the price. These are other buildings in Business Bay with pages on our site:

• Al Habtoor City, completed, by Al Habtoor Group
• Regalia, under construction, by Deyaar
• The Edge, under construction, by Select Group
• Peninsula, under construction, by Select Group

A checklist for taking a unit in Lake Central

The tower is finished, so most steps are about confirming what you are shown. Take this list with you.

1. Ask for each unit's floor, wing, exact area and floor plan, and what is included, such as partitions and any existing fit-out.
2. If you are buying, ask to see the title deed and confirm that the seller's name matches the owner on it.
3. Ask for the owners' association service charge budget for the building and what it covers, including lifts, security and common areas.
4. Ask whether central air conditioning is included in the service charge or billed separately.
5. Check with the licensing authority that your trade licence activity can be registered at this address before you commit.
6. Ask how many covered parking bays come with the unit, how valet parking works, and where visitors leave their cars.
7. Visit at different times, such as arrival on a weekday morning, lunchtime and the end of the working day, to see the lifts, the lobby and the reception.
8. Look at the light and the windows at the hours your team will use the unit, and ask the building management what approval is needed before fit-out work.
9. If you are leasing, ask in writing what the rent includes. After you sign, register the lease in Ejari and keep the contract, the Ejari certificate and every payment receipt.
10. If you are buying, complete the transfer through Dubai Land Department and check that the new title deed carries your name.

Building page and next steps

The full building page is at Lake Central, and the Business Bay area page covers the district.

Want the latest asking prices or floor plans for Lake Central? Message us on WhatsApp and we'll send them, or ask Sophia on aigentsrealty.com.

FAQ

Who developed Lake Central?

Lake Central was developed by Fakhruddin Properties.

When was Lake Central completed?

Lake Central was completed in Q1 2012, and Dubai Land Department's completion date for the building is 2012-02-28.

How many units are in Lake Central?

The building has 195 units.

What services does Lake Central offer?

It has central air conditioning, security with CCTV cameras, maintenance staff, valet parking, covered parking and a prayer room. The reception has 24/7 security, and the building also has boardroom facilities and high-speed elevators.

Where is Lake Central?

Lake Central is in Business Bay, Dubai.

How many sales did Dubai Land Department record in Business Bay in the latest 12 months?

Dubai Land Department recorded 10,840 sales in Business Bay over the latest 12 months, 6,865 of them off-plan and 3,975 in completed buildings. The most recent was on 2026-05-12. These are figures for the whole area, not for Lake Central.

How many rental contracts did Dubai Land Department register in Business Bay in the latest 12 months?

Dubai Land Department registered 7,547 rental contracts in Business Bay over the latest 12 months, with a median annual rent of AED 92,000. This is an area figure, not a figure for Lake Central.