507, Lake View Tower
Sold prices and rental history: sold once, by the developer in June 2010, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 507, Lake View Tower
What is 507 worth today?
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Source: Dubai Land Department. Updated 8 November 2025.
Key facts
- Type
- Studio apartment
- Size
- 420 sqft
- Floor
- 5th of 36
- Parking
- nan
- Developer
- DAMAC
- Completed
- 2009
- Service charge
- AED 7,500 /yr
- Last sold
- AED 223K · June 2010
- Building
- Lake View Tower
About 507, Lake View Tower
507 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 20 June 2010 for AED 223,000, or AED 530 per sqft, 38% below the AED 854 studios in the building were fetching at the time.
It has been rented continuously since 2012 on 12 Ejari contracts. The current contract, signed on 8 November 2025, is AED 72,000 a year: a gross yield of 32.3% on the 2010 price, before the service charge of about AED 7,500 a year.
Sales and rents for 507 over time
507 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 507 sits
All 244 studios →507 last sold in June 2010 at AED 530 per sqft, 38% below what studios in Lake View Tower were fetching at the time (AED 854). 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. 507's AED 72,000 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 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 | |
| 505 | Studio | 420 sqft | AED 273KAED 273,000 · May 2013May 2013 | 44,000 /yr | |
| 506 | Studio | 397 sqft | AED 273KAED 273,000 · Jun 2009June 2009 | 47,045 /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 |
507, Lake View Tower in numbers
- Sold once: by DAMAC on 20 June 2010 for AED 223,000, or AED 530 per sqft.
- Rented since March 2012 on 12 Ejari contracts. The rent fell from AED 45,000 to AED 28,000 in 2021 and recovered to AED 72,000 by November 2025.
- At AED 72,000 a year the gross yield on the 2010 price is 32.3%, 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 8 November 2025.
Questions about 507, Lake View Tower
What did unit 507 last sell for?
AED 223,000 on 20 June 2010, sold by the developer: AED 530 per sqft for 420 sqft. It is the only registered sale of the unit.
What is the rent for unit 507?
AED 72,000 a year on the contract signed on 8 November 2025. The previous contract, from August 2024, was AED 46,860; the unit has been rented since March 2012.
How big is unit 507?
420 sqft (39.0 sqm): a studio on the 5th floor of a 36-storey tower completed in 2009.
What is unit 507 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 507, Lake View Tower
Starts from the last sale price (AED 223K, 20 June 2010). Switch to today's estimate once you have unlocked it.- Price
- AED 223,000
- Deposit, UAE resident (20%)
- AED 44,600
- Deposit, non-resident (40%)
- AED 89,200
- Monthly over 25 years at 3.7%
- AED 912
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →