703, Lake View Tower
Sold prices and rental history: sold once, by the developer in June 2010, 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 703, Lake View Tower
What is 703 worth today?
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Source: Dubai Land Department. Updated 23 October 2026.
Key facts
- Type
- Studio apartment
- Size
- 420 sqft
- Floor
- 7th 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 703, Lake View Tower
703 is a studio of 420 sqft on the 7th 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 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 2015 on 9 Ejari contracts. The current contract, renewed on 23 October 2026, is AED 54,000 a year: a gross yield of 24.2% on the 2010 price, before the service charge of about AED 7,500 a year.
Sales and rents for 703 over time
703 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 703 sits
All 244 studios →703 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. 703's AED 54,000 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 7th floor
All 497 units in Lake View Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 1-bed | 855 sqft | AED 675KAED 675,000 · Jul 2012July 2012 | 80,000 /yr | |
| 702 | Studio | 416 sqft | AED 415KAED 415,000 · Aug 2012August 2012 | 55,000 /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 |
703, Lake View Tower in numbers
- Sold once: by DAMAC on 27 June 2010 for AED 223,000, or AED 530 per sqft.
- Rented since June 2015 on 9 Ejari contracts. The rent fell from AED 68,000 to AED 30,000 in 2022 and recovered to AED 54,000 by October 2026.
- At AED 54,000 a year the gross yield on the 2010 price is 24.2%, 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 23 October 2026.
Questions about 703, Lake View Tower
What did unit 703 last sell for?
AED 223,000 on 27 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 703?
AED 54,000 a year on the contract renewed on 23 October 2026. The previous contract, from October 2025, was AED 54,000; the unit has been rented since June 2015.
How big is unit 703?
420 sqft (39.0 sqm): a studio on the 7th floor of a 36-storey tower completed in 2009.
What is unit 703 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 703, Lake View Tower
Starts from the last sale price (AED 223K, 27 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 →