505, Lake View Tower
Sold prices and rental history: sold once, by the developer in May 2013, 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 505, Lake View Tower
What is 505 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 1 August 2026.
Key facts
- Type
- Studio apartment
- Size
- 420 sqft
- Floor
- 5th of 36
- Parking
- DMCC -2053
- Developer
- DAMAC
- Completed
- 2009
- Service charge
- AED 7,500 /yr
- Last sold
- AED 273K · May 2013
- Building
- Lake View Tower
About 505, Lake View Tower
505 is a studio of 420 sqft on the 5th 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 May 2013 for AED 273,000, or AED 649 per sqft, 35% below the AED 993 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 1 August 2026, is AED 44,000 a year: a gross yield of 16.1% on the 2013 price, before the service charge of about AED 7,500 a year.
Sales and rents for 505 over time
505 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 505 sits
All 244 studios →505 last sold in May 2013 at AED 649 per sqft, 35% below what studios in Lake View Tower were fetching at the time (AED 993). 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. 505's AED 44,000 is in the lower 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 5th floor
All 497 units in Lake View Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 855 sqft | AED 800KAED 800,000 · Jun 2022June 2022 | 85,000 /yr | |
| 503 | Studio | 416 sqft | AED 730KAED 730,000 · Jan 2026January 2026 | 65,000 /yr | |
| 504 | Studio | 420 sqft | AED 499KAED 499,000 · Apr 2023April 2023 | 44,875 /yr | |
| 506 | Studio | 397 sqft | AED 273KAED 273,000 · Jun 2009June 2009 | 47,045 /yr | |
| 507 | Studio | 420 sqft | AED 223KAED 223,000 · Jun 2010June 2010 | 72,000 /yr | |
| 509 | 1-bed | 1,364 sqft | AED 1.62MAED 1,620,000 · May 2026May 2026 | 68,000 /yr | |
| 510 | 2-bed | 1,381 sqft | AED 1.8MAED 1,800,000 · Nov 2025November 2025 | 92,000 /yr | |
| 511 | 2-bed | 1,381 sqft | AED 827KAED 827,000 · Apr 2013April 2013 | 107,000 /yr | |
| 512 | 1-bed | 1,364 sqft | AED 1.1MAED 1,100,000 · Sep 2019September 2019 | 68,000 /yr | |
| 514 | Studio | 420 sqft | AED 273KAED 273,000 · Aug 2010August 2010 | 60,000 /yr | |
| 515 | Studio | 420 sqft | AED 273KAED 273,000 · Aug 2010August 2010 | 55,000 /yr | |
| 516 | Studio | 420 sqft | AED 273KAED 273,000 · Aug 2010August 2010 | 65,000 /yr | |
| 517 | Studio | 420 sqft | AED 273KAED 273,000 · Apr 2013April 2013 | 48,000 /yr | |
| 518 | Studio | 416 sqft | AED 460KAED 460,000 · Jan 2013January 2013 | 65,000 /yr | |
| 520 | 1-bed | 855 sqft | AED 494KAED 494,000 · Dec 2009December 2009 | 65,000 /yr |
505, Lake View Tower in numbers
- Sold once: by DAMAC on 6 May 2013 for AED 273,000, or AED 649 per sqft.
- Rented since September 2013 on 15 Ejari contracts. The rent fell from AED 57,000 to AED 30,000 in 2021 and recovered to AED 44,000 by August 2026.
- At AED 44,000 a year the gross yield on the 2013 price is 16.1%, 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 1 August 2026.
Questions about 505, Lake View Tower
What did unit 505 last sell for?
AED 273,000 on 6 May 2013, sold by the developer: AED 649 per sqft for 420 sqft. It is the only registered sale of the unit.
What is the rent for unit 505?
AED 44,000 a year on the contract signed on 1 August 2026. The previous contract, from December 2025, was AED 55,000; the unit has been rented since September 2013.
How big is unit 505?
420 sqft (39.0 sqm): a studio on the 5th floor of a 36-storey tower completed in 2009.
What is unit 505 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.
Selling 505? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 505, Lake View Tower
Starts from the last sale price (AED 273K, 6 May 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 273,000
- Deposit, UAE resident (20%)
- AED 54,600
- Deposit, non-resident (40%)
- AED 109,200
- Monthly over 25 years at 3.7%
- AED 1,117
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →