3111, Lake View Tower
Sold prices and rental history: sold twice, last in March 2024, 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 3111, Lake View Tower
What is 3111 worth today?
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Source: Dubai Land Department. Updated 5 March 2024.
Key facts
- Type
- Studio apartment
- Size
- 415 sqft
- Floor
- 31st of 36
- Parking
- P2-39
- Developer
- DAMAC
- Completed
- 2009
- Service charge
- AED 7,500 /yr
- Last sold
- AED 600K · March 2024
- Building
- Lake View Tower
About 3111, Lake View Tower
3111 is a studio of 415 sqft on the 31st floor of Lake View Tower, a 36-storey tower in Jumeirah Lake Towers (JLT) completed in 2009 by DAMAC. It last sold on 5 March 2024 for AED 600,000, or AED 1,445 per sqft, in line with the AED 1,445 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 3 September 2023, is AED 42,000 a year: a gross yield of 7.0% on the 2024 price, before the service charge of about AED 7,500 a year.
Sales and rents for 3111 over time
3111 has sold twice; 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 3111 sits
All 244 studios →3111 last sold in March 2024 at AED 1,445 per sqft, in line with what studios in Lake View Tower were fetching at the time (AED 1,445). Over the last 12 months studios sold for AED 615,000 to 898,000, around AED 1,687 per sqft, and rent for AED 30,000 to 105,000 a year. 3111's AED 42,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 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 | ||
| 10 Feb 202610 February 2026 | 420 sqft | 898,000 | 2,138 |
Lake View Tower
Building497 apartments, studios to 2-bed over 36 floors in Jumeirah Lake Towers (JLT), completed in 2009 by DAMAC. 25 sold in the last 12 months.
- Typical price per sqft
- AED 1,303 Down 9.0%
- Typical sale
- AED 1.07M
- Typical rent
- AED 62K /yr
- Typical yield
- 8.7%
Other units on the 31st floor
All 497 units in Lake View Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 3101 | 1-bed | 856 sqft | AED 886KAED 886,000 · Nov 2012November 2012 | 69,300 /yr | |
| 3102 | Studio | 415 sqft | AED 665KAED 665,000 · Mar 2017March 2017 | 62,000 /yr | |
| 3103 | 1-bed | 831 sqft | AED 1.1MAED 1,100,000 · May 2025May 2025 | 75,000 /yr | |
| 3104 | 1-bed | 831 sqft | AED 900KAED 900,000 · Apr 2023April 2023 | 80,000 /yr | |
| 3105 | 1-bed | 1,334 sqft | AED 1.22MAED 1,219,000 · Oct 2009October 2009 | 100,000 /yr | |
| 3106 | 2-bed | 1,563 sqft | AED 1.33MAED 1,330,000 · May 2013May 2013 | 117,000 /yr | |
| 3107 | 2-bed | 1,563 sqft | AED 1MAED 1,000,000 · Oct 2016October 2016 | 54,000 /yr | |
| 3108 | 1-bed | 1,334 sqft | AED 1.32MAED 1,320,000 · May 2024May 2024 | 60,761 /yr | |
| 3109 | 1-bed | 831 sqft | AED 1.08MAED 1,080,000 · Aug 2024August 2024 | 72,000 /yr | |
| 3110 | 1-bed | 831 sqft | AED 750KAED 750,000 · Apr 2023April 2023 | 78,000 /yr | |
| 3112 | 1-bed | 856 sqft | AED 1.33MAED 1,325,000 · May 2024May 2024 | 85,000 /yr |
3111, Lake View Tower in numbers
- Sold twice: first on 31 July 2011 for AED 445,000, last on 5 March 2024 for AED 600,000 (AED 1,445 per sqft).
- Rented since August 2014 on 10 Ejari contracts. The rent fell from AED 33,728 to AED 24,000 in 2021 and recovered to AED 42,000 by September 2023.
- At AED 42,000 a year the gross yield on the 2024 price is 7.0%, 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 1,303 per sqft.
Source: Dubai Land Department. Updated 5 March 2024.
Questions about 3111, Lake View Tower
What did unit 3111 last sell for?
AED 600,000 on 5 March 2024: AED 1,445 per sqft for 415 sqft. The unit has 2 registered sales; the first was AED 445,000 in July 2011.
What is the rent for unit 3111?
AED 42,000 a year on the contract renewed on 3 September 2023. The previous contract, from September 2022, was AED 36,000; the unit has been rented since August 2014.
How big is unit 3111?
415 sqft (38.6 sqm): a studio on the 31st floor of a 36-storey tower completed in 2009.
What is unit 3111 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 1,687 per sqft.
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Mortgage on 3111, Lake View Tower
Starts from the last sale price (AED 600K, 5 March 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 600,000
- Deposit, UAE resident (20%)
- AED 120,000
- Deposit, non-resident (40%)
- AED 240,000
- Monthly over 25 years at 3.7%
- AED 2,455
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →