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Penthouse · 1,304 sqftLake View Tower, Jumeirah Lake Towers (JLT) · completed 2009

LF4, Lake View Tower

Sold prices and rental history: sold once, by the developer in April 2024, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit LF4 · DLD and Ejari recordsUpdated 30 April 2024
Last soldAED 1.23M30 April 2024
Current rentAED 70K /yr23 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for LF4, Lake View Tower

What is LF4 worth today?

Last sold for AED 1,225,000 in 2024

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30 Apr 2024Sold by developerReady
AED 1,225,000AED 939 per sqft
23 Feb 2024RentedRenewal
AED 70,000/yr12 months · AED 54 per sqft
23 Feb 2023RentedRenewal
AED 62,000/yr12 months · AED 48 per sqft
23 Feb 2022RentedNew contract
AED 62,000/yr12 months · AED 48 per sqft
15 Oct 2021RentedRenewal
AED 57,750/yr12 months · AED 44 per sqft
15 Oct 2020RentedNew contract
AED 55,000/yr12 months · AED 42 per sqft
10 Sep 2020RentedNew contract
AED 60,000/yr12 months · AED 46 per sqft
17 May 2019RentedRenewal
AED 90,000/yr14 months · AED 69 per sqft

Source: Dubai Land Department. Updated 30 April 2024.

Key facts

Type
Penthouse apartment
Size
1,304 sqft
Parking
P3-28
Developer
DAMAC
Completed
2009
Service charge
AED 23,400 /yr
Last sold
AED 1.23M · April 2024
Building
Lake View Tower

About LF4, Lake View Tower

LF4 is a penthouse of 1,304 sqft of Lake View Tower, a 36-storey tower in Jumeirah Lake Towers (JLT) completed in 2009 by DAMAC. The developer sold it on 30 April 2024 for AED 1,225,000, or AED 939 per sqft.

It has been rented continuously since 2015 on 11 Ejari contracts. The current contract, renewed on 23 February 2024, is AED 70,000 a year: a gross yield of 5.7% on the 2024 price, before the service charge of about AED 23,400 a year.

Sales and rents for LF4 over time

Sales
Unit LF4, each saleTypical penthouse in Lake View Tower
1M2M2012201620202024Typical sale price by year: 2012 AED 1,088,300; 2013 AED 1,009,600; 2014 AED 1,455,000; 2016 AED 2,503,031Sold by developer, April 2024: AED 1,225,000 (AED 939 per sqft)

LF4 has sold once; the dashed line is the penthouse median of each year in the building.

Rents
Unit LF4, each contractTypical penthouse in Lake View Tower
50K75K100K20142017202020232026Typical rent by year: 2014 AED 90,000; 2015 AED 89,000; 2016 AED 90,000; 2017 AED 90,000; 2018 AED 90,000; 2020 AED 56,000; 2021 AED 57,750; 2022 AED 63,500; 2023 AED 66,000; 2024 AED 77,800; 2025 AED 110,000New contract, April 2015: AED 82,500 a yearRenewal, April 2016: AED 82,500 a yearNew contract, May 2017: AED 90,000 a yearNew contract, May 2018: AED 90,000 a yearRenewal, May 2019: AED 90,000 a yearNew contract, September 2020: AED 60,000 a yearNew contract, October 2020: AED 55,000 a yearRenewal, October 2021: AED 57,750 a yearNew contract, February 2022: AED 62,000 a yearRenewal, February 2023: AED 62,000 a yearRenewal, February 2024: AED 70,000 a year

Annual rent on each registered contract; the dashed line is the penthouse median of each year in the building.

Penthouses in Lake View Tower, and where LF4 sits

All 11 penthouses →

Over the last 12 months penthouses sold for AED 1,500,000 to 1,550,000, around AED 1,253 per sqft, and rent for AED 72,000 to 125,000 a year. LF4's AED 70,000 is at the bottom of that range.

Recent penthouse salesUnit no.Price (AED)Summary
11 Aug 20261,500,000
7 Jan 20261,550,000
30 May 20251,510,000
9 May 20242,500,000
2 penthouse sales in the last 12 months

Lake View Tower

Building

497 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%
Lake View Tower, Jumeirah Lake Towers (JLT): prices, sales and rents →

LF4, Lake View Tower in numbers

  • Sold once: by DAMAC on 30 April 2024 for AED 1,225,000, or AED 939 per sqft.
  • Rented since April 2015 on 11 Ejari contracts. The rent fell from AED 82,500 to AED 55,000 in 2020 and recovered to AED 70,000 by February 2024.
  • At AED 70,000 a year the gross yield on the 2024 price is 5.7%, before a service charge of about AED 23,400 a year (AED 17.97 per sqft).
  • Penthouses in Lake View Tower sold for AED 1,500,000–1,550,000 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 30 April 2024.

Questions about LF4, Lake View Tower

What did unit LF4 last sell for?

AED 1,225,000 on 30 April 2024, sold by the developer: AED 939 per sqft for 1,304 sqft. It is the only registered sale of the unit.

What is the rent for unit LF4?

AED 70,000 a year on the contract renewed on 23 February 2024. The previous contract, from February 2023, was AED 62,000; the unit has been rented since April 2015.

How big is unit LF4?

1,304 sqft (121.1 sqm): a penthouse of a 36-storey tower completed in 2009.

What is unit LF4 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Penthouses in Lake View Tower sold for AED 1,500,000 to 1,550,000 in the last 12 months, around AED 1,253 per sqft.

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Mortgage on LF4, Lake View Tower

Starts from the last sale price (AED 1.23M, 30 April 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,225,000
Deposit, UAE resident (20%)
AED 245,000
Deposit, non-resident (40%)
AED 490,000
Monthly over 25 years at 3.7%
AED 5,012

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →