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1-bed · 684 sqftLaguna Tower, Jumeirah Lake Towers (JLT) · 6th floor · completed 2012

623, Laguna Tower

Sold prices and rental history: sold 3 times, last in November 2016, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 623 · DLD and Ejari recordsUpdated 17 November 2016
Last soldAED 1.2M17 November 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 623, Laguna Tower

What is 623 worth today?

Last sold for AED 1,200,000 in 2016

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17 Nov 2016SoldReady
AED 1,200,000AED 1,753 per sqft
23 Dec 2014SoldOff-plan
AED 1,115,000AED 1,629 per sqft
7 Jun 2009Sold by developerOff-plan
AED 1,069,000AED 1,562 per sqft

Source: Dubai Land Department. Updated 17 November 2016.

Key facts

Type
1-bed hotel apartment
Size
684 sqft
Floor
6th of 41
Parking
(EU)
Developer
Laguna Tower Residence
Completed
2012
Last sold
AED 1.2M · November 2016
Building
Laguna Tower

About 623, Laguna Tower

623 is a one-bedroom hotel apartment of 684 sqft on the 6th floor of Laguna Tower, a 41-storey tower in Jumeirah Lake Towers (JLT) completed in 2012 by Laguna Tower Residence. It last sold on 17 November 2016 for AED 1,200,000, or AED 1,753 per sqft, 37% above the AED 1,284 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 623 over time

Sales
Unit 623, 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, June 2009: AED 1,069,000 (AED 1,562 per sqft)Sold, December 2014: AED 1,115,000 (AED 1,629 per sqft)Sold, November 2016: AED 1,200,000 (AED 1,753 per sqft)

623 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 623, each contractTypical one-bed in Laguna Tower
75K100K2014201820222026Typical 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 90,000

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 623 sits

All 210 1-beds →

623 last sold in November 2016 at AED 1,753 per sqft, 37% above what one-beds in Laguna Tower were fetching at the time (AED 1,284). 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.

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 6th floor

All 473 units in Laguna Tower
Value
601StudioAED 822K · Jun 2009
602StudioAED 640K · Jun 2009
6031-bedAED 1.07M · Jun 2009
604StudioAED 585K · Jun 2009
605StudioAED 484K · Feb 2012
606StudioAED 700K · Dec 2014
607StudioAED 540K · Jun 2009
1–7 of 23

623, Laguna Tower in numbers

  • Sold 3 times: first on 7 June 2009 for AED 1,069,000, last on 17 November 2016 for AED 1,200,000 (AED 1,753 per sqft).
  • 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 17 November 2016.

Questions about 623, Laguna Tower

What did unit 623 last sell for?

AED 1,200,000 on 17 November 2016: AED 1,753 per sqft for 684 sqft. The unit has 3 registered sales; the first was AED 1,069,000 in June 2009.

How big is unit 623?

684 sqft (63.5 sqm): a one-bedroom hotel apartment on the 6th floor of a 41-storey tower completed in 2012.

What is unit 623 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 623, Laguna Tower

Starts from the last sale price (AED 1.2M, 17 November 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,200,000
Deposit, UAE resident (20%)
AED 240,000
Deposit, non-resident (40%)
AED 480,000
Monthly over 25 years at 3.7%
AED 4,910

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