1608, Lakepoint Tower
Sold prices and rental history: sold twice, last in October 2016, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1608, Lakepoint Tower
What is 1608 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 20 July 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 901 sqft
- Floor
- 16th of 44
- Parking
- DMCC-0038
- Developer
- GGICO
- Completed
- 2009
- Service charge
- AED 11,500 /yr
- Last sold
- AED 433K · October 2016
- Building
- Lakepoint Tower
About 1608, Lakepoint Tower
1608 is a one-bedroom apartment of 901 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 17 October 2016 for AED 432,500, or AED 480 per sqft, 50% below the AED 954 one-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 7 Ejari contracts. The current contract, signed on 20 July 2024, is AED 66,000 a year: a gross yield of 15.3% on the 2016 price, before the service charge of about AED 11,500 a year.
Sales and rents for 1608 over time
1608 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 1608 sits
All 288 1-beds →1608 last sold in October 2016 at AED 480 per sqft, 50% below what one-beds in Lakepoint Tower were fetching at the time (AED 954). 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. 1608's AED 66,000 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 | |
| 1607 | 1-bed | 979 sqft | AED 565KAED 565,000 · Jun 2012June 2012 | 59,469 /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 |
1608, Lakepoint Tower in numbers
- Sold twice: first on 16 September 2010 for AED 738,000, last on 17 October 2016 for AED 432,500 (AED 480 per sqft).
- Rented since September 2016 on 7 Ejari contracts. The rent fell from AED 77,000 to AED 40,000 in 2020 and recovered to AED 66,000 by July 2024.
- At AED 66,000 a year the gross yield on the 2016 price is 15.3%, before a service charge of about AED 11,500 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 1608, Lakepoint Tower
What did unit 1608 last sell for?
AED 432,500 on 17 October 2016: AED 480 per sqft for 901 sqft. The unit has 2 registered sales; the first was AED 738,000 in September 2010.
What is the rent for unit 1608?
AED 66,000 a year on the contract signed on 20 July 2024. The previous contract, from November 2023, was AED 65,000; the unit has been rented since September 2016.
How big is unit 1608?
901 sqft (83.7 sqm): a one-bedroom apartment on the 16th floor of a 44-storey tower completed in 2009.
What is unit 1608 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.
Selling 1608? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 1608, Lakepoint Tower
Starts from the last sale price (AED 433K, 17 October 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 432,500
- Deposit, UAE resident (20%)
- AED 86,500
- Deposit, non-resident (40%)
- AED 173,000
- Monthly over 25 years at 3.7%
- AED 1,769
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →