616, 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 616, Lake View Tower
What is 616 worth today?
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Source: Dubai Land Department. Updated 16 March 2026.
Key facts
- Type
- Studio apartment
- Size
- 420 sqft
- Floor
- 6th of 36
- Parking
- DMCC-3097
- Developer
- DAMAC
- Completed
- 2009
- Service charge
- AED 7,500 /yr
- Last sold
- AED 323K · June 2010
- Building
- Lake View Tower
About 616, Lake View Tower
616 is a studio of 420 sqft on the 6th floor of Lake View Tower, a 36-storey tower in Jumeirah Lake Towers (JLT) completed in 2009 by DAMAC. The developer sold it on 27 June 2010 for AED 323,000, or AED 769 per sqft, 10% 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, renewed on 16 March 2026, is AED 47,950 a year: a gross yield of 14.8% on the 2010 price, before the service charge of about AED 7,500 a year.
Sales and rents for 616 over time
616 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 616 sits
All 244 studios →616 last sold in June 2010 at AED 769 per sqft, 10% 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 1,687 per sqft, and rent for AED 30,000 to 105,000 a year. 616's AED 47,950 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 6th floor
All 497 units in Lake View Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 601 | 1-bed | 855 sqft | AED 534KAED 534,000 · Aug 2010August 2010 | 70,000 /yr | |
| 603 | Studio | 416 sqft | AED 430KAED 430,000 · Dec 2019December 2019 | 68,000 /yr | |
| 604 | Studio | 420 sqft | AED 630KAED 630,000 · Oct 2023October 2023 | 55,000 /yr | |
| 605 | Studio | 420 sqft | AED 680KAED 680,000 · Jul 2023July 2023 | 40,000 /yr | |
| 606 | Studio | 420 sqft | AED 610KAED 610,000 · Aug 2013August 2013 | 30,000 /yr | |
| 607 | Studio | 420 sqft | AED 273KAED 273,000 · Nov 2009November 2009 | 48,000 /yr | |
| 609 | 1-bed | 1,373 sqft | AED 832KAED 832,000 · Jun 2010June 2010 | 88,000 /yr | |
| 610 | 2-bed | 1,388 sqft | AED 1.01MAED 1,010,000 · Jul 2010July 2010 | 108,000 /yr | |
| 611 | 2-bed | 1,388 sqft | AED 960KAED 960,000 · Sep 2010September 2010 | 98,337 /yr | |
| 612 | 1-bed | 1,373 sqft | AED 670KAED 670,000 · May 2012May 2012 | 74,970 /yr | |
| 614 | Studio | 420 sqft | AED 730KAED 730,000 · Sep 2014September 2014 | 50,400 /yr | |
| 615 | Studio | 420 sqft | AED 323KAED 323,000 · Jun 2010June 2010 | 44,623 /yr | |
| 617 | Studio | 420 sqft | AED 495KAED 495,000 · Jan 2013January 2013 | 50,820 /yr | |
| 618 | Studio | 416 sqft | AED 300KAED 300,000 · Mar 2011March 2011 | 60,000 /yr | |
| 620 | 1-bed | 855 sqft | AED 584KAED 584,000 · Jun 2010June 2010 | 86,000 /yr |
616, Lake View Tower in numbers
- Sold once: by DAMAC on 27 June 2010 for AED 323,000, or AED 769 per sqft.
- Rented since July 2012 on 12 Ejari contracts. The rent fell from AED 40,000 to AED 27,000 in 2021 and recovered to AED 47,950 by March 2026.
- At AED 47,950 a year the gross yield on the 2010 price is 14.8%, 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 16 March 2026.
Questions about 616, Lake View Tower
What did unit 616 last sell for?
AED 323,000 on 27 June 2010, sold by the developer: AED 769 per sqft for 420 sqft. It is the only registered sale of the unit.
What is the rent for unit 616?
AED 47,950 a year on the contract renewed on 16 March 2026. The previous contract, from March 2025, was AED 45,540; the unit has been rented since July 2012.
How big is unit 616?
420 sqft (39.0 sqm): a studio on the 6th floor of a 36-storey tower completed in 2009.
What is unit 616 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 616, Lake View Tower
Starts from the last sale price (AED 323K, 27 June 2010). Switch to today's estimate once you have unlocked it.- Price
- AED 323,000
- Deposit, UAE resident (20%)
- AED 64,600
- Deposit, non-resident (40%)
- AED 129,200
- Monthly over 25 years at 3.7%
- AED 1,321
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →