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2-bed · 1,405 sqftLakepoint Tower, Jumeirah Lake Towers (JLT) · 29th floor · completed 2009

2906, Lakepoint Tower

Sold prices and rental history: sold once, by the developer in March 2014, and rented once, from January 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2906 · DLD and Ejari recordsUpdated 1 January 2020
Last soldAED 950K26 March 2014
Current rentAED 80K /yr1 January 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2906, Lakepoint Tower

What is 2906 worth today?

Last sold for AED 949,926 in 2014

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1 Jan 2020RentedNew contract
AED 80,000/yr12 months · AED 57 per sqft
26 Mar 2014Sold by developerReady
AED 949,926AED 676 per sqft

Source: Dubai Land Department. Updated 1 January 2020.

Key facts

Type
2-bed apartment
Size
1,405 sqft
Floor
29th of 44
Parking
B2-109
Developer
GGICO
Completed
2009
Service charge
AED 18,000 /yr
Last sold
AED 950K · March 2014
Building
Lakepoint Tower

About 2906, Lakepoint Tower

2906 is a two-bedroom apartment of 1,405 sqft on the 29th floor of Lakepoint Tower, a 44-storey tower in Jumeirah Lake Towers (JLT) completed in 2009 by GGICO. The developer sold it on 26 March 2014 for AED 949,926, or AED 676 per sqft, 13% below the AED 780 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 January 2020. The current contract, signed on 1 January 2020, is AED 80,000 a year: a gross yield of 8.4% on the 2014 price, before the service charge of about AED 18,000 a year.

Sales and rents for 2906 over time

Sales
Unit 2906, each saleTypical two-bed in Lakepoint Tower
500K1M1.5M2009201420192024Typical sale price by year: 2009 AED 938,294; 2010 AED 916,632; 2011 AED 1,054,189; 2012 AED 1,011,456; 2013 AED 1,162,144; 2014 AED 1,311,281; 2015 AED 1,190,473; 2016 AED 1,340,000; 2017 AED 1,250,000; 2019 AED 890,000; 2021 AED 750,000; 2022 AED 672,500; 2023 AED 1,050,000; 2024 AED 1,327,500; 2025 AED 1,705,249; 2026 AED 1,650,000Sold by developer, March 2014: AED 949,926 (AED 676 per sqft)

2906 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2906, each contractTypical two-bed in Lakepoint Tower
100K2012201620202024Typical rent by year: 2012 AED 67,500; 2013 AED 90,000; 2014 AED 101,750; 2015 AED 120,000; 2016 AED 115,000; 2017 AED 105,000; 2018 AED 95,500; 2019 AED 80,000; 2020 AED 62,000; 2021 AED 62,000; 2022 AED 70,000; 2023 AED 85,000; 2024 AED 100,000; 2025 AED 114,500; 2026 AED 108,000New contract, January 2020: AED 80,000 a year

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

2-beds in Lakepoint Tower, and where 2906 sits

All 73 2-beds →

2906 last sold in March 2014 at AED 676 per sqft, 13% below what two-beds in Lakepoint Tower were fetching at the time (AED 780). Over the last 12 months two-beds sold for AED 1,385,048 to 1,725,000, around AED 1,199 per sqft, and rent for AED 70,000 to 140,000 a year. 2906's AED 80,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
15 Jul 20261,720,000
2 Apr 20261,650,000
9 Feb 20261,385,048
9 Dec 20251,725,000
4 2-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 29th floor

All 413 units in Lakepoint Tower
Value
29012-bedAED 1.15M · Feb 2014
29021-bedAED 636K · Feb 2011
29031-bedAED 687K · May 2013
29041-bedAED 629K · Oct 2013
29052-bedAED 905K · May 2012
29071-bedAED 515K · Apr 2022
29081-bedAED 687K · Feb 2011
1–7 of 9

2906, Lakepoint Tower in numbers

  • Sold once: by GGICO on 26 March 2014 for AED 949,926, or AED 676 per sqft.
  • Rented since January 2020 on one Ejari contract, at AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2014 price is 8.4%, before a service charge of about AED 18,000 a year (AED 12.80 per sqft).
  • Two-beds in Lakepoint Tower sold for AED 1,385,048–1,725,000 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 1 January 2020.

Questions about 2906, Lakepoint Tower

What did unit 2906 last sell for?

AED 949,926 on 26 March 2014, sold by the developer: AED 676 per sqft for 1,405 sqft. It is the only registered sale of the unit.

What is the rent for unit 2906?

AED 80,000 a year on the contract signed on 1 January 2020.

How big is unit 2906?

1,405 sqft (130.5 sqm): a two-bedroom apartment on the 29th floor of a 44-storey tower completed in 2009.

What is unit 2906 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Lakepoint Tower sold for AED 1,385,048 to 1,725,000 in the last 12 months, around AED 1,199 per sqft.

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Mortgage on 2906, Lakepoint Tower

Starts from the last sale price (AED 950K, 26 March 2014). Switch to today's estimate once you have unlocked it.
Price
AED 949,926
Deposit, UAE resident (20%)
AED 189,985
Deposit, non-resident (40%)
AED 379,970
Monthly over 25 years at 3.7%
AED 3,886

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