406, Lake View Tower
Sold prices and rental history: sold once, by the developer in June 2010, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 406, Lake View Tower
What is 406 worth today?
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Source: Dubai Land Department. Updated 15 August 2026.
Key facts
- Type
- Studio apartment
- Size
- 420 sqft
- Floor
- 4th of 36
- Parking
- nan
- Developer
- DAMAC
- Completed
- 2009
- Service charge
- AED 7,500 /yr
- Last sold
- AED 269K · June 2010
- Building
- Lake View Tower
About 406, Lake View Tower
406 is a studio of 420 sqft on the 4th floor of Lake View Tower, a 36-storey tower in Jumeirah Lake Towers (JLT) completed in 2009 by DAMAC. The developer sold it on 28 June 2010 for AED 269,000, or AED 640 per sqft, 23% below the AED 833 studios in the building were fetching at the time.
It has been rented continuously since 2013 on 15 Ejari contracts. The current contract, signed on 15 August 2026, is AED 43,000 a year: a gross yield of 16.0% on the 2010 price, before the service charge of about AED 7,500 a year.
Sales and rents for 406 over time
406 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 406 sits
All 244 studios →406 last sold in June 2010 at AED 640 per sqft, 23% below what studios in Lake View Tower were fetching at the time (AED 833). 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. 406's AED 43,000 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 4th floor
All 497 units in Lake View Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 855 sqft | AED 450KAED 450,000 · Jun 2012June 2012 | 69,000 /yr | |
| 403 | Studio | 416 sqft | AED 420KAED 420,000 · May 2021May 2021 | 24,000 /yr | |
| 404 | Studio | 420 sqft | AED 435KAED 435,000 · Aug 2019August 2019 | 37,000 /yr | |
| 405 | Studio | 420 sqft | AED 794KAED 793,800 · Jul 2010July 2010 | 52,000 /yr | |
| 407 | Studio | 420 sqft | AED 269KAED 269,000 · Jun 2010June 2010 | 55,000 /yr | |
| 409 | 1-bed | 1,255 sqft | AED 866KAED 866,000 · Jun 2009June 2009 | 100,000 /yr | |
| 410 | 2-bed | 1,376 sqft | AED 418KAED 417,500 · Dec 2020December 2020 | 160,000 /yr | |
| 411 | 2-bed | 1,376 sqft | AED 1.5MAED 1,500,000 · Jul 2015July 2015 | 88,000 /yr | |
| 412 | 1-bed | 1,354 sqft | AED 1.66MAED 1,655,000 · Feb 2026February 2026 | 100,000 /yr | |
| 414 | Studio | 420 sqft | AED 269KAED 269,000 · Oct 2013October 2013 | 50,000 /yr | |
| 415 | Studio | 420 sqft | AED 340KAED 340,000 · Dec 2011December 2011 | 60,000 /yr | |
| 416 | Studio | 420 sqft | AED 600KAED 600,000 · Jun 2023June 2023 | 68,000 /yr | |
| 417 | Studio | 420 sqft | AED 370KAED 370,000 · Oct 2019October 2019 | 55,000 /yr | |
| 418 | Studio | 416 sqft | AED 600KAED 600,000 · Nov 2023November 2023 | 50,000 /yr | |
| 420 | 1-bed | 855 sqft | AED 1.04MAED 1,040,000 · Dec 2025December 2025 | 55,000 /yr |
406, Lake View Tower in numbers
- Sold once: by DAMAC on 28 June 2010 for AED 269,000, or AED 640 per sqft.
- Rented since August 2013 on 15 Ejari contracts. The rent fell from AED 36,750 to AED 26,500 in 2021 and recovered to AED 43,000 by August 2026.
- At AED 43,000 a year the gross yield on the 2010 price is 16.0%, 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 15 August 2026.
Questions about 406, Lake View Tower
What did unit 406 last sell for?
AED 269,000 on 28 June 2010, sold by the developer: AED 640 per sqft for 420 sqft. It is the only registered sale of the unit.
What is the rent for unit 406?
AED 43,000 a year on the contract signed on 15 August 2026. The previous contract, from August 2026, was AED 48,900; the unit has been rented since August 2013.
How big is unit 406?
420 sqft (39.0 sqm): a studio on the 4th floor of a 36-storey tower completed in 2009.
What is unit 406 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 406, Lake View Tower
Starts from the last sale price (AED 269K, 28 June 2010). Switch to today's estimate once you have unlocked it.- Price
- AED 269,000
- Deposit, UAE resident (20%)
- AED 53,800
- Deposit, non-resident (40%)
- AED 107,600
- Monthly over 25 years at 3.7%
- AED 1,101
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →