1-bed · 851 sqftLakepoint Tower, Jumeirah Lake Towers (JLT) · 3rd floor · completed 2009

306, Lakepoint Tower

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

Unit 306 · DLD and Ejari recordsUpdated 18 December 2018
Last soldAED 589K2 September 2013
Current rentAED 40K /yr18 December 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 306, Lakepoint Tower

What is 306 worth today?

Last sold for AED 588,892 in 2013

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18 Dec 2018RentedNew contract
AED 40,000/yr12 months · AED 47 per sqft
28 Apr 2016RentedNew contract
AED 80,000/yr12 months · AED 94 per sqft
8 Apr 2015RentedNew contract
AED 84,000/yr12 months · AED 99 per sqft
2 Sep 2013Sold by developerReady
AED 588,892AED 692 per sqft

Source: Dubai Land Department. Updated 18 December 2018.

Key facts

Type
1-bed apartment
Size
851 sqft
Floor
3rd of 44
Parking
DMCC-0106
Developer
GGICO
Completed
2009
Service charge
AED 10,900 /yr
Last sold
AED 589K · September 2013

About 306, Lakepoint Tower

306 is a one-bedroom apartment of 851 sqft on the 3rd floor of Lakepoint Tower, a 44-storey tower in Jumeirah Lake Towers (JLT) completed in 2009 by GGICO. The developer sold it on 2 September 2013 for AED 588,892, or AED 692 per sqft, 4% below the AED 720 one-beds in the building were fetching at the time.

It has been rented since 2015 on 3 Ejari contracts. The current contract, signed on 18 December 2018, is AED 40,000 a year: a gross yield of 6.8% on the 2013 price, before the service charge of about AED 10,900 a year.

Sales and rents for 306 over time

Sales
Unit 306, each saleTypical one-bed in Lakepoint Tower
500K750K1M2009201420192024Typical 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, September 2013: AED 588,892 (AED 692 per sqft)

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

Rents
Unit 306, each contractTypical one-bed in Lakepoint Tower
50K75K2012201620202024Typical 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 2015: AED 84,000 a yearNew contract, April 2016: AED 80,000 a yearNew contract, December 2018: AED 40,000 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 306 sits

All 288 1-beds →

306 last sold in September 2013 at AED 692 per sqft, 4% below what one-beds in Lakepoint Tower were fetching at the time (AED 720). 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. 306's AED 40,000 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 3rd floor

All 413 units in Lakepoint Tower
Value
3011-bedAED 950K · Jul 2016
3021-bedAED 665K · Jan 2019
3031-bedAED 960K · Feb 2014
3041-bedAED 725K · Nov 2023
3051-bedAED 1.01M · Jul 2026
3071-bedAED 673K · Sep 2013
3081-bedAED 833K · Oct 2010
1–7 of 11

306, Lakepoint Tower in numbers

  • Sold once: by GGICO on 2 September 2013 for AED 588,892, or AED 692 per sqft.
  • Rented since April 2015 on 3 Ejari contracts, from AED 84,000 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2013 price is 6.8%, before a service charge of about AED 10,900 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 18 December 2018.

Questions about 306, Lakepoint Tower

What did unit 306 last sell for?

AED 588,892 on 2 September 2013, sold by the developer: AED 692 per sqft for 851 sqft. It is the only registered sale of the unit.

What is the rent for unit 306?

AED 40,000 a year on the contract signed on 18 December 2018. The previous contract, from April 2016, was AED 80,000; the unit has been rented since April 2015.

How big is unit 306?

851 sqft (79.1 sqm): a one-bedroom apartment on the 3rd floor of a 44-storey tower completed in 2009.

What is unit 306 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 306, Lakepoint Tower

Starts from the last sale price (AED 589K, 2 September 2013). Switch to today's estimate once you have unlocked it.
Price
AED 588,892
Deposit, UAE resident (20%)
AED 117,778
Deposit, non-resident (40%)
AED 235,557
Monthly over 25 years at 3.7%
AED 2,409

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