3-bed · 1,951 sqftLakepoint Tower, Jumeirah Lake Towers (JLT) · 32nd floor · completed 2009

3203, Lakepoint Tower

Sold prices and rental history: sold once, by the developer in June 2018, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3203 · DLD and Ejari recordsUpdated 24 June 2018
Last soldAED 1.37M24 June 2018
Current rentAED 138K /yr1 November 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3203, Lakepoint Tower

What is 3203 worth today?

Last sold for AED 1,365,686 in 2018

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24 Jun 2018Sold by developerReady
AED 1,365,686AED 700 per sqft
1 Nov 2017RentedRenewal
AED 137,655/yr12 months · AED 71 per sqft
1 Nov 2016RentedRenewal
AED 137,655/yr12 months · AED 71 per sqft
1 Nov 2015RentedRenewal
AED 131,100/yr12 months · AED 67 per sqft
1 Nov 2014RentedNew contract
AED 114,000/yr12 months · AED 58 per sqft

Source: Dubai Land Department. Updated 24 June 2018.

Key facts

Type
3-bed apartment
Size
1,951 sqft
Floor
32nd of 44
Parking
DMCC-2014, 2015
Developer
GGICO
Completed
2009
Service charge
AED 25,000 /yr
Last sold
AED 1.37M · June 2018

About 3203, Lakepoint Tower

3203 is a three-bedroom apartment of 1,951 sqft on the 32nd floor of Lakepoint Tower, a 44-storey tower in Jumeirah Lake Towers (JLT) completed in 2009 by GGICO. The developer sold it on 24 June 2018 for AED 1,365,686, or AED 700 per sqft, in line with the AED 717 three-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 4 Ejari contracts. The current contract, renewed on 1 November 2017, is AED 137,655 a year: a gross yield of 10.1% on the 2018 price, before the service charge of about AED 25,000 a year.

Sales and rents for 3203 over time

Sales
Unit 3203, each saleTypical three-bed in Lakepoint Tower
1M2M2010201520202025Typical sale price by year: 2010 AED 1,509,188; 2012 AED 1,350,000; 2013 AED 1,433,963; 2014 AED 1,817,719; 2018 AED 1,365,686; 2019 AED 1,200,000; 2021 AED 1,050,000; 2022 AED 1,150,000; 2023 AED 1,600,000; 2024 AED 1,840,000; 2025 AED 2,112,500; 2026 AED 2,400,000Sold by developer, June 2018: AED 1,365,686 (AED 700 per sqft)

3203 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 3203, each contractTypical three-bed in Lakepoint Tower
100K150K2012201620202024Typical rent by year: 2012 AED 86,000; 2013 AED 95,000; 2014 AED 137,500; 2015 AED 146,250; 2016 AED 140,000; 2017 AED 135,000; 2018 AED 125,000; 2019 AED 115,000; 2020 AED 101,538; 2021 AED 85,500; 2022 AED 105,000; 2023 AED 116,500; 2024 AED 143,500; 2025 AED 145,000; 2026 AED 150,000New contract, November 2014: AED 114,000 a yearRenewal, November 2015: AED 131,100 a yearRenewal, November 2016: AED 137,655 a yearRenewal, November 2017: AED 137,655 a year

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

3-beds in Lakepoint Tower, and where 3203 sits

All 52 3-beds →

3203 last sold in June 2018 at AED 700 per sqft, in line with what three-beds in Lakepoint Tower were fetching at the time (AED 717). Over the last 12 months three-beds sold for AED 1,850,000 to 2,800,000, around AED 1,146 per sqft, and rent for AED 115,000 to 208,877 a year. 3203's AED 137,655 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
13 May 20262,300,000
26 Mar 20262,175,000
27 Jan 20262,800,000
15 Jan 20262,500,000
6 3-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 32nd floor

All 413 units in Lakepoint Tower
Value
32013-bedAED 1.02M · Aug 2021
32022-bedAED 1.45M · May 2014
32043-bedAED 1.92M · Jul 2016
32052-bedAED 537K · Oct 2023
32063-bedAED 1.02M · Aug 2021

3203, Lakepoint Tower in numbers

  • Sold once: by GGICO on 24 June 2018 for AED 1,365,686, or AED 700 per sqft.
  • Rented since November 2014 on 4 Ejari contracts, from AED 114,000 to AED 137,655 a year.
  • At AED 137,655 a year the gross yield on the 2018 price is 10.1%, before a service charge of about AED 25,000 a year (AED 12.80 per sqft).
  • Three-beds in Lakepoint Tower sold for AED 1,850,000–2,800,000 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 24 June 2018.

Questions about 3203, Lakepoint Tower

What did unit 3203 last sell for?

AED 1,365,686 on 24 June 2018, sold by the developer: AED 700 per sqft for 1,951 sqft. It is the only registered sale of the unit.

What is the rent for unit 3203?

AED 137,655 a year on the contract renewed on 1 November 2017. The previous contract, from November 2016, was AED 137,655; the unit has been rented since November 2014.

How big is unit 3203?

1,951 sqft (181.3 sqm): a three-bedroom apartment on the 32nd floor of a 44-storey tower completed in 2009.

What is unit 3203 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Lakepoint Tower sold for AED 1,850,000 to 2,800,000 in the last 12 months, around AED 1,146 per sqft.

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Mortgage on 3203, Lakepoint Tower

Starts from the last sale price (AED 1.37M, 24 June 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,365,686
Deposit, UAE resident (20%)
AED 273,137
Deposit, non-resident (40%)
AED 546,274
Monthly over 25 years at 3.7%
AED 5,587

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