2-bed · 1,347 sqftLakeview Apartments, Green Community East · 4th floor

402, Lakeview Apartments

Sold prices and rental history: sold once, by the developer in July 2023, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 402 · DLD and Ejari recordsUpdated 28 July 2023
Last soldAED 1.3M28 July 2023
Current rentAED 120K /yr20 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 402, Lakeview Apartments

What is 402 worth today?

Last sold for AED 1,300,000 in 2023

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28 Jul 2023Sold by developerReady
AED 1,300,000AED 965 per sqft
20 Dec 2022RentedNew contract
AED 120,000/yr12 months · AED 89 per sqft
1 Dec 2021RentedNew contract
AED 110,000/yr12 months · AED 82 per sqft
16 Nov 2020RentedRenewal
AED 108,000/yr12 months · AED 77 per sqft
1 Nov 2019RentedNew contract
AED 120,000/yr12 months · AED 86 per sqft

Source: Dubai Land Department. Updated 28 July 2023.

Key facts

Type
2-bed apartment
Size
1,347 sqft
Floor
4th of 4
Parking
G06
Last sold
AED 1.3M · July 2023

About 402, Lakeview Apartments

402 is a two-bedroom apartment of 1,347 sqft on the 4th floor of Lakeview Apartments, a 4-storey tower in Green Community East. The developer sold it on 28 July 2023 for AED 1,300,000, or AED 965 per sqft.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 20 December 2022, is AED 120,000 a year: a gross yield of 9.2% on the 2023 price.

Sales and rents for 402 over time

Rents
Unit 402, each contractTypical two-bed in Lakeview Apartments
100K120K20192021202320252027Typical rent by year: 2019 AED 102,500; 2020 AED 95,000; 2021 AED 95,000; 2022 AED 95,000; 2023 AED 100,000; 2024 AED 109,863; 2025 AED 130,000; 2026 AED 130,000New contract, November 2019: AED 120,000 a yearRenewal, November 2020: AED 108,000 a yearNew contract, December 2021: AED 110,000 a yearNew contract, December 2022: AED 120,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Lakeview Apartments, and where 402 sits

All 23 2-beds →

Over the last 12 months two-beds sold for AED 2,000,000, around AED 1,371 per sqft, and rent for AED 96,667 to 150,000 a year. 402's AED 120,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
9 Jul 20262,000,000
27 Nov 20252,000,000
15 May 20251,200,000
29 Jul 20241,000,000
2 2-bed sales in the last 12 months

Lakeview Apartments

Building

44 apartments, 2-bed to 3-bed over 4 floors in Green Community East. 2 sold in the last 12 months.

Typical price per sqft
AED 1,371
Typical sale
AED 2M
Typical rent
AED 145K /yr
Typical yield
6.3%
Lakeview Apartments, Green Community East: prices, sales and rents →

Other units on the 4th floor

All 44 units in Lakeview Apartments
Value
4012-bedNo registered sale
4032-bedNo registered sale
4042-bedAED 1.4M · Jan 2024
4052-bedAED 2M · Jul 2026
4063-bedAED 1.6M · Sep 2023
4073-bedAED 1.63M · Jul 2024
4082-bedNo registered sale
1–7 of 8

402, Lakeview Apartments in numbers

  • Sold once: by the developer on 28 July 2023 for AED 1,300,000, or AED 965 per sqft.
  • Rented since November 2019 on 4 Ejari contracts, at AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2023 price is 9.2%.
  • Two-beds in Lakeview Apartments sold for AED 2,000,000–2,000,000 in the 12 months to November 2026; the building's median across all types is AED 1,371 per sqft.

Source: Dubai Land Department. Updated 28 July 2023.

Questions about 402, Lakeview Apartments

What did unit 402 last sell for?

AED 1,300,000 on 28 July 2023, sold by the developer: AED 965 per sqft for 1,347 sqft. It is the only registered sale of the unit.

What is the rent for unit 402?

AED 120,000 a year on the contract signed on 20 December 2022. The previous contract, from December 2021, was AED 110,000; the unit has been rented since November 2019.

How big is unit 402?

1,347 sqft (125.1 sqm): a two-bedroom apartment on the 4th floor of a 4-storey tower.

What is unit 402 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Lakeview Apartments sold for AED 2,000,000 to 2,000,000 in the last 12 months, around AED 1,371 per sqft.

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Mortgage on 402, Lakeview Apartments

Starts from the last sale price (AED 1.3M, 28 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,300,000
Deposit, UAE resident (20%)
AED 260,000
Deposit, non-resident (40%)
AED 520,000
Monthly over 25 years at 3.7%
AED 5,319

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →