1502, Lake View Tower
Sold prices and rental history: sold once, by the developer in August 2012, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1502, Lake View Tower
What is 1502 worth today?
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Source: Dubai Land Department. Updated 22 February 2026.
Key facts
- Type
- Studio apartment
- Size
- 415 sqft
- Floor
- 15th of 36
- Parking
- nan
- Developer
- DAMAC
- Completed
- 2009
- Service charge
- AED 7,500 /yr
- Last sold
- AED 355K · August 2012
- Building
- Lake View Tower
About 1502, Lake View Tower
1502 is a studio of 415 sqft on the 15th floor of Lake View Tower, a 36-storey tower in Jumeirah Lake Towers (JLT) completed in 2009 by DAMAC. The developer sold it on 6 August 2012 for AED 355,000, or AED 855 per sqft, in line with the AED 865 studios in the building were fetching at the time.
It has been rented continuously since 2014 on 10 Ejari contracts. The current contract, renewed on 22 February 2026, is AED 77,000 a year: a gross yield of 21.7% on the 2012 price, before the service charge of about AED 7,500 a year.
Sales and rents for 1502 over time
1502 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Lake View Tower, and where 1502 sits
All 244 studios →1502 last sold in August 2012 at AED 855 per sqft, in line with what studios in Lake View Tower were fetching at the time (AED 865). Over the last 12 months studios sold for AED 615,000 to 898,000, around AED 1,619 per sqft, and rent for AED 30,000 to 105,000 a year. 1502's AED 77,000 is in the upper half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 6 Nov 20266 November 2026 | 420 sqft | 650,000 | 1,547 | ||
| 24 Jun 202624 June 2026 | 420 sqft | 675,000 | 1,607 | ||
| 16 Apr 202616 April 2026 | 420 sqft | 680,000 | 1,619 | ||
| 16 Feb 202616 February 2026 | 420 sqft | 650,000 | 1,547 |
Lake View Tower
Building497 apartments, studios to 2-bed over 36 floors in Jumeirah Lake Towers (JLT), completed in 2009 by DAMAC. 27 sold in the last 12 months.
- Typical price per sqft
- AED 1,321 Down 7.8%
- Typical sale
- AED 1.07M
- Typical rent
- AED 62K /yr
- Typical yield
- 8.6%
Other units on the 15th floor
All 497 units in Lake View Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 1-bed | 855 sqft | AED 750KAED 750,000 · Sep 2022September 2022 | 80,000 /yr | |
| 1503 | 1-bed | 831 sqft | AED 565KAED 565,000 · Nov 2012November 2012 | 67,000 /yr | |
| 1504 | 1-bed | 831 sqft | AED 1.1MAED 1,100,000 · Nov 2024November 2024 | 85,000 /yr | |
| 1505 | 1-bed | 1,420 sqft | AED 537KAED 537,000 · Jun 2010June 2010 | 88,000 /yr | |
| 1506 | 2-bed | 1,460 sqft | AED 1.08MAED 1,077,000 · Nov 2009November 2009 | 125,000 /yr | |
| 1507 | 2-bed | 1,460 sqft | AED 1.84MAED 1,840,000 · Apr 2026April 2026 | 125,000 /yr | |
| 1508 | 1-bed | 1,420 sqft | AED 837KAED 837,000 · Jun 2010June 2010 | 78,120 /yr | |
| 1509 | 1-bed | 831 sqft | AED 1.03MAED 1,030,000 · Apr 2015April 2015 | 68,000 /yr | |
| 1510 | 1-bed | 831 sqft | AED 1.05MAED 1,050,000 · Mar 2024March 2024 | 95,000 /yr | |
| 1511 | Studio | 415 sqft | AED 313KAED 313,184 · Dec 2020December 2020 | 59,600 /yr | |
| 1512 | 1-bed | 855 sqft | AED 1.14MAED 1,140,000 · Jan 2024January 2024 | 90,000 /yr |
1502, Lake View Tower in numbers
- Sold once: by DAMAC on 6 August 2012 for AED 355,000, or AED 855 per sqft.
- Rented since March 2014 on 10 Ejari contracts. The rent fell from AED 55,000 to AED 32,000 in 2020 and recovered to AED 77,000 by February 2026.
- At AED 77,000 a year the gross yield on the 2012 price is 21.7%, before a service charge of about AED 7,500 a year (AED 17.97 per sqft).
- Studios in Lake View Tower sold for AED 615,000–898,000 in the 12 months to November 2026; the building's median across all types is AED 1,321 per sqft.
Source: Dubai Land Department. Updated 22 February 2026.
Questions about 1502, Lake View Tower
What did unit 1502 last sell for?
AED 355,000 on 6 August 2012, sold by the developer: AED 855 per sqft for 415 sqft. It is the only registered sale of the unit.
What is the rent for unit 1502?
AED 77,000 a year on the contract renewed on 22 February 2026. The previous contract, from February 2025, was AED 72,000; the unit has been rented since March 2014.
How big is unit 1502?
415 sqft (38.6 sqm): a studio on the 15th floor of a 36-storey tower completed in 2009.
What is unit 1502 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Lake View Tower sold for AED 615,000 to 898,000 in the last 12 months, around AED 1,619 per sqft.
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Mortgage on 1502, Lake View Tower
Starts from the last sale price (AED 355K, 6 August 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 355,000
- Deposit, UAE resident (20%)
- AED 71,000
- Deposit, non-resident (40%)
- AED 142,000
- Monthly over 25 years at 3.7%
- AED 1,452
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →