1607, Lakepoint Tower
Sold prices and rental history: sold twice, last in June 2012, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1607, Lakepoint Tower
What is 1607 worth today?
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Source: Dubai Land Department. Updated 20 July 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 979 sqft
- Floor
- 16th of 44
- Parking
- DMCC-0037
- Developer
- GGICO
- Completed
- 2009
- Service charge
- AED 12,500 /yr
- Last sold
- AED 565K · June 2012
- Building
- Lakepoint Tower
About 1607, Lakepoint Tower
1607 is a one-bedroom apartment of 979 sqft on the 16th floor of Lakepoint Tower, a 44-storey tower in Jumeirah Lake Towers (JLT) completed in 2009 by GGICO. It last sold on 11 June 2012 for AED 565,000, or AED 577 per sqft, 4% above the AED 555 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, renewed on 20 July 2024, is AED 59,469 a year: a gross yield of 10.5% on the 2012 price, before the service charge of about AED 12,500 a year.
Sales and rents for 1607 over time
1607 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 Lakepoint Tower, and where 1607 sits
All 288 1-beds →1607 last sold in June 2012 at AED 577 per sqft, 4% above what one-beds in Lakepoint Tower were fetching at the time (AED 555). 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. 1607's AED 59,469 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 20 Oct 202620 October 2026 | 901 sqft | 1,000,000 | 1,110 | ||
| 8 Oct 20268 October 2026 | 901 sqft | 920,000 | 1,021 | ||
| 21 Aug 202621 August 2026 | 979 sqft | 1,055,000 | 1,077 | ||
| 16 Jul 202616 July 2026 | 979 sqft | 1,010,000 | 1,031 |
Lakepoint Tower
Building413 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%
Other units on the 16th floor
All 413 units in Lakepoint Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 1-bed | 979 sqft | AED 975KAED 975,000 · Jan 2026January 2026 | 95,000 /yr | |
| 1602 | 1-bed | 901 sqft | AED 800KAED 800,000 · May 2024May 2024 | 65,000 /yr | |
| 1603 | 1-bed | 973 sqft | AED 750KAED 750,000 · Feb 2024February 2024 | 72,000 /yr | |
| 1604 | 1-bed | 901 sqft | AED 855KAED 855,000 · Nov 2025November 2025 | 66,500 /yr | |
| 1605 | 1-bed | 979 sqft | AED 620KAED 620,000 · Jun 2022June 2022 | 75,000 /yr | |
| 1606 | 1-bed | 851 sqft | AED 633KAED 632,500 · Dec 2012December 2012 | 60,000 /yr | |
| 1608 | 1-bed | 901 sqft | AED 433KAED 432,500 · Oct 2016October 2016 | 66,000 /yr | |
| 1609 | 1-bed | 973 sqft | AED 806KAED 805,950 · Aug 2015August 2015 | 46,000 /yr | |
| 1610 | 1-bed | 901 sqft | AED 1MAED 1,000,000 · Oct 2015October 2015 | 22,000 /yr | |
| 1611 | 1-bed | 979 sqft | AED 925KAED 925,000 · Apr 2025April 2025 | 63,000 /yr | |
| 1612 | 1-bed | 851 sqft | AED 575KAED 574,808 · Aug 2010August 2010 | 65,000 /yr |
1607, Lakepoint Tower in numbers
- Sold twice: first on 8 August 2010 for AED 687,007, last on 11 June 2012 for AED 565,000 (AED 577 per sqft).
- Rented since March 2014 on 6 Ejari contracts. The rent fell from AED 80,000 to AED 42,000 in 2021 and recovered to AED 59,469 by July 2024.
- At AED 59,469 a year the gross yield on the 2012 price is 10.5%, 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 20 July 2024.
Questions about 1607, Lakepoint Tower
What did unit 1607 last sell for?
AED 565,000 on 11 June 2012: AED 577 per sqft for 979 sqft. The unit has 2 registered sales; the first was AED 687,007 in August 2010.
What is the rent for unit 1607?
AED 59,469 a year on the contract renewed on 20 July 2024. The previous contract, from July 2023, was AED 51,750; the unit has been rented since March 2014.
How big is unit 1607?
979 sqft (91.0 sqm): a one-bedroom apartment on the 16th floor of a 44-storey tower completed in 2009.
What is unit 1607 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 1607, Lakepoint Tower
Starts from the last sale price (AED 565K, 11 June 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 565,000
- Deposit, UAE resident (20%)
- AED 113,000
- Deposit, non-resident (40%)
- AED 226,000
- Monthly over 25 years at 3.7%
- AED 2,312
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →