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Penthouse · 806 sqftLake View Tower, Jumeirah Lake Towers (JLT) · completed 2009

LF8, Lake View Tower

Sold prices and rental history: sold once, by the developer in September 2013, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit LF8 · DLD and Ejari recordsUpdated 15 January 2024
Last soldAED 1.64M3 September 2013
Current rentAED 80K /yr15 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for LF8, Lake View Tower

What is LF8 worth today?

Last sold for AED 1,640,000 in 2013

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15 Jan 2024RentedNew contract
AED 80,000/yr12 months · AED 99 per sqft
13 Feb 2020RentedNew contract
AED 56,000/yr12 months · AED 69 per sqft
7 Nov 2017RentedNew contract
AED 70,000/yr12 months · AED 87 per sqft
5 May 2015RentedNew contract
AED 90,000/yr12 months · AED 111 per sqft
3 Sep 2013Sold by developerReady
AED 1,640,000AED 2,034 per sqft

Source: Dubai Land Department. Updated 15 January 2024.

Key facts

Type
Penthouse apartment
Size
806 sqft
Parking
P3-32
Developer
DAMAC
Completed
2009
Service charge
AED 14,500 /yr
Last sold
AED 1.64M · September 2013
Building
Lake View Tower

About LF8, Lake View Tower

LF8 is a penthouse of 806 sqft of Lake View Tower, a 36-storey tower in Jumeirah Lake Towers (JLT) completed in 2009 by DAMAC. The developer sold it on 3 September 2013 for AED 1,640,000, or AED 2,034 per sqft, 37% above the AED 1,490 penthouses in the building were fetching at the time.

It has been rented continuously since 2015 on 4 Ejari contracts. The current contract, signed on 15 January 2024, is AED 80,000 a year: a gross yield of 4.9% on the 2013 price, before the service charge of about AED 14,500 a year.

Sales and rents for LF8 over time

Sales
Unit LF8, each saleTypical penthouse in Lake View Tower
1M2M201220142016Typical 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, September 2013: AED 1,640,000 (AED 2,034 per sqft)

LF8 has sold once; the dashed line is the penthouse median of each year in the building.

Rents
Unit LF8, 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, May 2015: AED 90,000 a yearNew contract, November 2017: AED 70,000 a yearNew contract, February 2020: AED 56,000 a yearNew contract, January 2024: AED 80,000 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 LF8 sits

All 11 penthouses →

LF8 last sold in September 2013 at AED 2,034 per sqft, 37% above what penthouses in Lake View Tower were fetching at the time (AED 1,490). 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. LF8's AED 80,000 is in the lower half 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 →

LF8, Lake View Tower in numbers

  • Sold once: by DAMAC on 3 September 2013 for AED 1,640,000, or AED 2,034 per sqft.
  • Rented since May 2015 on 4 Ejari contracts. The rent fell from AED 90,000 to AED 56,000 in 2020 and recovered to AED 80,000 by January 2024.
  • At AED 80,000 a year the gross yield on the 2013 price is 4.9%, before a service charge of about AED 14,500 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 15 January 2024.

Questions about LF8, Lake View Tower

What did unit LF8 last sell for?

AED 1,640,000 on 3 September 2013, sold by the developer: AED 2,034 per sqft for 806 sqft. It is the only registered sale of the unit.

What is the rent for unit LF8?

AED 80,000 a year on the contract signed on 15 January 2024. The previous contract, from February 2020, was AED 56,000; the unit has been rented since May 2015.

How big is unit LF8?

806 sqft (74.9 sqm): a penthouse of a 36-storey tower completed in 2009.

What is unit LF8 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 LF8, Lake View Tower

Starts from the last sale price (AED 1.64M, 3 September 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,640,000
Deposit, UAE resident (20%)
AED 328,000
Deposit, non-resident (40%)
AED 656,000
Monthly over 25 years at 3.7%
AED 6,710

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