701, Lake View Tower
Sold prices and rental history: sold twice, last in July 2012, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 701, Lake View Tower
What is 701 worth today?
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Source: Dubai Land Department. Updated 16 October 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 855 sqft
- Floor
- 7th of 36
- Parking
- DMCC -2064
- Developer
- DAMAC
- Completed
- 2009
- Service charge
- AED 15,400 /yr
- Last sold
- AED 675K · July 2012
- Building
- Lake View Tower
About 701, Lake View Tower
701 is a one-bedroom apartment of 855 sqft on the 7th floor of Lake View Tower, a 36-storey tower in Jumeirah Lake Towers (JLT) completed in 2009 by DAMAC. It last sold on 24 July 2012 for AED 675,000, or AED 789 per sqft, 21% above the AED 654 one-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 9 Ejari contracts. The current contract, renewed on 16 October 2025, is AED 80,000 a year: a gross yield of 11.8% on the 2012 price, before the service charge of about AED 15,400 a year.
Sales and rents for 701 over time
701 has sold twice; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Lake View Tower, and where 701 sits
All 183 1-beds →701 last sold in July 2012 at AED 789 per sqft, 21% above what one-beds in Lake View Tower were fetching at the time (AED 654). Over the last 12 months one-beds sold for AED 975,000 to 2,000,000, around AED 1,237 per sqft, and rent for AED 55,000 to 240,000 a year. 701's AED 80,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 2 Nov 20262 November 2026 | 831 sqft | 1,300,000 | 1,564 | ||
| 22 Oct 202622 October 2026 | 831 sqft | 1,200,000 | 1,444 | ||
| 1 Jul 20261 July 2026 | 855 sqft | 1,200,000 | 1,403 | ||
| 25 Jun 202625 June 2026 | 855 sqft | 1,070,000 | 1,251 |
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 7th floor
All 497 units in Lake View Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 702 | Studio | 416 sqft | AED 415KAED 415,000 · Aug 2012August 2012 | 55,000 /yr | |
| 703 | Studio | 420 sqft | AED 223KAED 223,000 · Jun 2010June 2010 | 54,000 /yr | |
| 704 | Studio | 420 sqft | AED 425KAED 425,000 · May 2021May 2021 | 36,000 /yr | |
| 705 | Studio | 420 sqft | AED 323KAED 323,000 · Oct 2009October 2009 | 49,144 /yr | |
| 706 | Studio | 420 sqft | AED 705KAED 705,000 · May 2025May 2025 | 63,000 /yr | |
| 709 | 1-bed | 1,381 sqft | AED 810KAED 810,000 · Aug 2012August 2012 | 95,000 /yr | |
| 710 | 2-bed | 1,392 sqft | AED 1.02MAED 1,017,000 · Jun 2010June 2010 | 120,000 /yr | |
| 711 | 2-bed | 1,392 sqft | AED 1.35MAED 1,350,000 · Apr 2017April 2017 | 120,000 /yr | |
| 712 | 1-bed | 1,381 sqft | AED 1.05MAED 1,050,000 · Feb 2012February 2012 | 110,000 /yr | |
| 715 | Studio | 420 sqft | AED 450KAED 450,000 · May 2022May 2022 | 63,000 /yr | |
| 716 | Studio | 420 sqft | AED 323KAED 323,000 · Jun 2010June 2010 | 55,000 /yr | |
| 717 | Studio | 420 sqft | AED 510KAED 510,000 · Dec 2012December 2012 | 57,000 /yr | |
| 718 | Studio | 420 sqft | AED 700KAED 700,000 · Oct 2024October 2024 | 70,000 /yr | |
| 719 | Studio | 416 sqft | AED 670KAED 670,000 · May 2024May 2024 | 59,000 /yr | |
| 720 | 1-bed | 855 sqft | AED 1.18MAED 1,180,000 · Jun 2014June 2014 | 80,000 /yr |
701, Lake View Tower in numbers
- Sold twice: first on 23 August 2010 for AED 494,000, last on 24 July 2012 for AED 675,000 (AED 789 per sqft).
- Rented since August 2015 on 9 Ejari contracts. The rent fell from AED 72,000 to AED 58,000 in 2020 and recovered to AED 80,000 by October 2025.
- At AED 80,000 a year the gross yield on the 2012 price is 11.8%, before a service charge of about AED 15,400 a year (AED 17.97 per sqft).
- One-beds in Lake View Tower sold for AED 975,000–2,000,000 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 October 2025.
Questions about 701, Lake View Tower
What did unit 701 last sell for?
AED 675,000 on 24 July 2012: AED 789 per sqft for 855 sqft. The unit has 2 registered sales; the first was AED 494,000 in August 2010.
What is the rent for unit 701?
AED 80,000 a year on the contract renewed on 16 October 2025. The previous contract, from October 2024, was AED 79,000; the unit has been rented since August 2015.
How big is unit 701?
855 sqft (79.4 sqm): a one-bedroom apartment on the 7th floor of a 36-storey tower completed in 2009.
What is unit 701 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Lake View Tower sold for AED 975,000 to 2,000,000 in the last 12 months, around AED 1,237 per sqft.
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Mortgage on 701, Lake View Tower
Starts from the last sale price (AED 675K, 24 July 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 675,000
- Deposit, UAE resident (20%)
- AED 135,000
- Deposit, non-resident (40%)
- AED 270,000
- Monthly over 25 years at 3.7%
- AED 2,762
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →