1-bed · 1,185 sqftLaguna Tower, Jumeirah Lake Towers (JLT) · 15th floor · completed 2012

1509, Laguna Tower

Sold prices and rental history: sold once, by the developer in August 2012, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1509 · DLD and Ejari recordsUpdated 29 June 2024
Last soldAED 840K26 August 2012
Current rentAED 100K /yr29 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1509, Laguna Tower

What is 1509 worth today?

Last sold for AED 840,000 in 2012

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29 Jun 2024RentedNew contract
AED 100,000/yr12 months · AED 84 per sqft
1 Jan 2022RentedRenewal
AED 57,750/yr12 months · AED 49 per sqft
1 Jan 2021RentedRenewal
AED 55,000/yr12 months · AED 46 per sqft
1 Jan 2020RentedRenewal
AED 70,000/yr12 months · AED 59 per sqft
1 Jan 2019RentedNew contract
AED 77,000/yr12 months · AED 65 per sqft
10 Jan 2018RentedNew contract
AED 85,000/yr12 months · AED 72 per sqft
26 Aug 2012Sold by developerOff-plan
AED 840,000AED 708 per sqft

Source: Dubai Land Department. Updated 29 June 2024.

Key facts

Type
1-bed apartment
Size
1,185 sqft
Floor
15th of 41
Parking
DMCC -2051
Developer
Laguna Tower Residence
Completed
2012
Last sold
AED 840K · August 2012
Building
Laguna Tower

About 1509, Laguna Tower

1509 is a one-bedroom apartment of 1,185 sqft on the 15th floor of Laguna Tower, a 41-storey tower in Jumeirah Lake Towers (JLT) completed in 2012 by Laguna Tower Residence. The developer sold it on 26 August 2012 for AED 840,000, or AED 708 per sqft, 4% below the AED 738 one-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, signed on 29 June 2024, is AED 100,000 a year: a gross yield of 11.9% on the 2012 price.

Sales and rents for 1509 over time

Sales
Unit 1509, each saleTypical one-bed in Laguna Tower
1M1.5M2009201420192024Typical sale price by year: 2009 AED 875,000; 2010 AED 922,000; 2011 AED 950,000; 2012 AED 860,000; 2013 AED 1,125,000; 2014 AED 1,570,000; 2015 AED 1,225,000; 2016 AED 1,285,000; 2017 AED 1,365,000; 2018 AED 950,000; 2019 AED 1,050,000; 2020 AED 806,834; 2021 AED 830,000; 2022 AED 930,000; 2023 AED 1,162,500; 2024 AED 1,400,000; 2025 AED 1,300,000; 2026 AED 1,462,500Sold by developer, August 2012: AED 840,000 (AED 708 per sqft)

1509 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1509, each contractTypical one-bed in Laguna Tower
50K75K100K2014201820222026Typical rent by year: 2014 AED 84,500; 2015 AED 110,000; 2016 AED 106,000; 2017 AED 97,000; 2018 AED 85,000; 2019 AED 75,000; 2020 AED 60,000; 2021 AED 60,000; 2022 AED 69,650; 2023 AED 80,000; 2024 AED 95,000; 2025 AED 95,000; 2026 AED 90,000New contract, January 2018: AED 85,000 a yearNew contract, January 2019: AED 77,000 a yearRenewal, January 2020: AED 70,000 a yearRenewal, January 2021: AED 55,000 a yearRenewal, January 2022: AED 57,750 a yearNew contract, June 2024: AED 100,000 a year

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

1-beds in Laguna Tower, and where 1509 sits

All 210 1-beds →

1509 last sold in August 2012 at AED 708 per sqft, 4% below what one-beds in Laguna Tower were fetching at the time (AED 738). Over the last 12 months one-beds sold for AED 635,000 to 1,500,000, around AED 1,188 per sqft, and rent for AED 36,730 to 135,000 a year. 1509's AED 100,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
24 Aug 20261,470,000
24 Jul 202635,219
19 Jun 20261,100,000
21 May 20261,465,000
12 1-bed sales in the last 12 months

Laguna Tower

Building

473 apartments, studios to 3-bed over 41 floors in Jumeirah Lake Towers (JLT), completed in 2012 by Laguna Tower Residence. 24 sold in the last 12 months.

Typical price per sqft
AED 1,188 Down 9.5%
Typical sale
AED 1.43M
Typical rent
AED 93K /yr
Typical yield
7.3%
Laguna Tower, Jumeirah Lake Towers (JLT): prices, sales and rents →

Other units on the 15th floor

All 473 units in Laguna Tower
Value
15052-bedAED 1.68M · Aug 2021
15071-bedAED 1.55M · Apr 2017
15121-bedAED 944K · May 2023
15141-bedAED 1.05M · Aug 2016
15171-bedAED 790K · Jun 2009
15181-bedAED 900K · Aug 2022
15212-bedAED 1.4M · Sep 2021
1–7 of 8

1509, Laguna Tower in numbers

  • Sold once: by Laguna Tower Residence on 26 August 2012 for AED 840,000, or AED 708 per sqft.
  • Rented since January 2018 on 6 Ejari contracts. The rent fell from AED 85,000 to AED 55,000 in 2021 and recovered to AED 100,000 by June 2024.
  • At AED 100,000 a year the gross yield on the 2012 price is 11.9%.
  • One-beds in Laguna Tower sold for AED 635,000–1,500,000 in the 12 months to November 2026; the building's median across all types is AED 1,188 per sqft.

Source: Dubai Land Department. Updated 29 June 2024.

Questions about 1509, Laguna Tower

What did unit 1509 last sell for?

AED 840,000 on 26 August 2012, sold by the developer: AED 708 per sqft for 1,185 sqft. It is the only registered sale of the unit.

What is the rent for unit 1509?

AED 100,000 a year on the contract signed on 29 June 2024. The previous contract, from January 2022, was AED 57,750; the unit has been rented since January 2018.

How big is unit 1509?

1,185 sqft (110.1 sqm): a one-bedroom apartment on the 15th floor of a 41-storey tower completed in 2012.

What is unit 1509 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Laguna Tower sold for AED 635,000 to 1,500,000 in the last 12 months, around AED 1,188 per sqft.

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Mortgage on 1509, Laguna Tower

Starts from the last sale price (AED 840K, 26 August 2012). Switch to today's estimate once you have unlocked it.
Price
AED 840,000
Deposit, UAE resident (20%)
AED 168,000
Deposit, non-resident (40%)
AED 336,000
Monthly over 25 years at 3.7%
AED 3,437

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