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1-bed · 979 sqftLakepoint Tower, Jumeirah Lake Towers (JLT) · 14th floor · completed 2009

1407, Lakepoint Tower

Sold prices and rental history: sold twice, last in August 2014, and rented once, from April 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1407 · DLD and Ejari recordsUpdated 5 August 2014
Last soldAED 1.1M5 August 2014
Current rentAED 58K /yr16 April 2013
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1407, Lakepoint Tower

What is 1407 worth today?

Last sold for AED 1,100,000 in 2014

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5 Aug 2014SoldReady
AED 1,100,000AED 1,123 per sqft
13 Jan 2014Sold by developerReady
AED 697,112AED 712 per sqft
16 Apr 2013RentedNew contract
AED 58,000/yr12 months · AED 59 per sqft

Source: Dubai Land Department. Updated 5 August 2014.

Key facts

Type
1-bed apartment
Size
979 sqft
Floor
14th of 44
Parking
B2-108
Developer
GGICO
Completed
2009
Service charge
AED 12,500 /yr
Last sold
AED 1.1M · August 2014
Building
Lakepoint Tower

About 1407, Lakepoint Tower

1407 is a one-bedroom apartment of 979 sqft on the 14th floor of Lakepoint Tower, a 44-storey tower in Jumeirah Lake Towers (JLT) completed in 2009 by GGICO. It last sold on 5 August 2014 for AED 1,100,000, or AED 1,123 per sqft, 19% above the AED 943 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 16 April 2013. The current contract, signed on 16 April 2013, is AED 58,000 a year: a gross yield of 5.3% on the 2014 price, before the service charge of about AED 12,500 a year.

Sales and rents for 1407 over time

Sales
Unit 1407, each saleTypical one-bed in Lakepoint Tower
500K1M2009201420192024Typical sale price by year: 2009 AED 643,857; 2010 AED 729,450; 2011 AED 635,753; 2012 AED 580,000; 2013 AED 708,448; 2014 AED 960,000; 2015 AED 915,000; 2016 AED 885,000; 2017 AED 870,000; 2018 AED 740,000; 2019 AED 665,000; 2020 AED 520,000; 2021 AED 513,750; 2022 AED 550,000; 2023 AED 690,000; 2024 AED 800,000; 2025 AED 905,000; 2026 AED 975,000Sold by developer, January 2014: AED 697,112 (AED 712 per sqft)Sold, August 2014: AED 1,100,000 (AED 1,123 per sqft)

1407 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1407, each contractTypical one-bed in Lakepoint Tower
40K60K80K2012201620202024Typical rent by year: 2012 AED 50,000; 2013 AED 60,000; 2014 AED 75,000; 2015 AED 78,000; 2016 AED 76,295; 2017 AED 72,000; 2018 AED 61,000; 2019 AED 52,000; 2020 AED 42,000; 2021 AED 37,000; 2022 AED 44,250; 2023 AED 55,000; 2024 AED 66,000; 2025 AED 70,000; 2026 AED 70,000New contract, April 2013: AED 58,000 a year

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

1-beds in Lakepoint Tower, and where 1407 sits

All 288 1-beds →

1407 last sold in August 2014 at AED 1,123 per sqft, 19% above what one-beds in Lakepoint Tower were fetching at the time (AED 943). Over the last 12 months one-beds sold for AED 748,549 to 1,202,127, around AED 1,021 per sqft, and rent for AED 30,000 to 135,000 a year. 1407's AED 58,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
20 Oct 20261,000,000
8 Oct 2026920,000
21 Aug 20261,055,000
16 Jul 20261,010,000
19 1-bed sales in the last 12 months

Lakepoint Tower

Building

413 apartments, 1-bed to 3-bed over 44 floors in Jumeirah Lake Towers (JLT), completed in 2009 by GGICO. 29 sold in the last 12 months.

Typical price per sqft
AED 1,054 Up 9.1%
Typical sale
AED 1.01M
Typical rent
AED 72K /yr
Typical yield
7.2%
Lakepoint Tower, Jumeirah Lake Towers (JLT): prices, sales and rents →

Other units on the 14th floor

All 413 units in Lakepoint Tower
Value
14011-bedAED 540K · May 2021
14021-bedAED 500K · Dec 2021
14031-bedAED 600K · May 2023
14041-bedAED 620K · May 2023
14051-bedAED 650K · Jan 2019
14061-bedAED 610K · Aug 2010
14081-bedAED 970K · Mar 2026
1–7 of 11

1407, Lakepoint Tower in numbers

  • Sold twice: first on 13 January 2014 for AED 697,112, last on 5 August 2014 for AED 1,100,000 (AED 1,123 per sqft).
  • Rented since April 2013 on one Ejari contract, at AED 58,000 a year.
  • At AED 58,000 a year the gross yield on the 2014 price is 5.3%, before a service charge of about AED 12,500 a year (AED 12.80 per sqft).
  • One-beds in Lakepoint Tower sold for AED 748,549–1,202,127 in the 12 months to November 2026; the building's median across all types is AED 1,054 per sqft.

Source: Dubai Land Department. Updated 5 August 2014.

Questions about 1407, Lakepoint Tower

What did unit 1407 last sell for?

AED 1,100,000 on 5 August 2014: AED 1,123 per sqft for 979 sqft. The unit has 2 registered sales; the first was AED 697,112 in January 2014.

What is the rent for unit 1407?

AED 58,000 a year on the contract signed on 16 April 2013.

How big is unit 1407?

979 sqft (91.0 sqm): a one-bedroom apartment on the 14th floor of a 44-storey tower completed in 2009.

What is unit 1407 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Lakepoint Tower sold for AED 748,549 to 1,202,127 in the last 12 months, around AED 1,021 per sqft.

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Mortgage on 1407, Lakepoint Tower

Starts from the last sale price (AED 1.1M, 5 August 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,100,000
Deposit, UAE resident (20%)
AED 220,000
Deposit, non-resident (40%)
AED 440,000
Monthly over 25 years at 3.7%
AED 4,500

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