2-bed · 1,590 sqftLakepoint Tower, Jumeirah Lake Towers (JLT) · 33rd floor · completed 2009

3302, Lakepoint Tower

Sold prices and rental history: sold twice, last in July 2016, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3302 · DLD and Ejari recordsUpdated 18 July 2017
Last soldAED 1.3M18 July 2016
Current rentAED 60K /yr18 July 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3302, Lakepoint Tower

What is 3302 worth today?

Last sold for AED 1,300,000 in 2016

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18 Jul 2017RentedRenewal
AED 60,000/yr120 months · AED 38 per sqft
18 Jul 2016SoldReady
AED 1,300,000AED 817 per sqft
18 Jul 2016RentedNew contract
AED 60,000/yr12 months · AED 38 per sqft
28 Nov 2014RentedNew contract
AED 66,000/yr12 months · AED 41 per sqft
21 May 2014Sold by developerReady
AED 1,524,777AED 959 per sqft
28 Nov 2012RentedNew contract
AED 66,000/yr12 months · AED 41 per sqft

Source: Dubai Land Department. Updated 18 July 2017.

Key facts

Type
2-bed apartment
Size
1,590 sqft
Floor
33rd of 44
Parking
DMCC-3027
Developer
GGICO
Completed
2009
Service charge
AED 20,300 /yr
Last sold
AED 1.3M · July 2016

About 3302, Lakepoint Tower

3302 is a two-bedroom apartment of 1,590 sqft on the 33rd floor of Lakepoint Tower, a 44-storey tower in Jumeirah Lake Towers (JLT) completed in 2009 by GGICO. It last sold on 18 July 2016 for AED 1,300,000, or AED 817 per sqft, 4% below the AED 854 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 4 Ejari contracts. The current contract, renewed on 18 July 2017, is AED 60,000 a year: a gross yield of 4.6% on the 2016 price, before the service charge of about AED 20,300 a year.

Sales and rents for 3302 over time

Sales
Unit 3302, 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, May 2014: AED 1,524,777 (AED 959 per sqft)Sold, July 2016: AED 1,300,000 (AED 817 per sqft)

3302 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3302, each contractTypical two-bed in Lakepoint Tower
50K100K2012201620202024Typical 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, November 2012: AED 66,000 a yearNew contract, November 2014: AED 66,000 a yearNew contract, July 2016: AED 60,000 a yearRenewal, July 2017: AED 60,000 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 3302 sits

All 73 2-beds →

3302 last sold in July 2016 at AED 817 per sqft, 4% below what two-beds in Lakepoint Tower were fetching at the time (AED 854). 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. 3302's AED 60,000 is at the bottom 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 33rd floor

All 413 units in Lakepoint Tower
Value
33013-bedAED 1.55M · Jan 2024
33033-bedAED 1.75M · Dec 2013
33043-bedAED 1.25M · Oct 2022
33052-bedAED 675K · Sep 2017
33063-bedAED 1.55M · Jan 2024

3302, Lakepoint Tower in numbers

  • Sold twice: first on 21 May 2014 for AED 1,524,777, last on 18 July 2016 for AED 1,300,000 (AED 817 per sqft).
  • Rented since November 2012 on 4 Ejari contracts, from AED 66,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2016 price is 4.6%, before a service charge of about AED 20,300 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 18 July 2017.

Questions about 3302, Lakepoint Tower

What did unit 3302 last sell for?

AED 1,300,000 on 18 July 2016: AED 817 per sqft for 1,590 sqft. The unit has 2 registered sales; the first was AED 1,524,777 in May 2014.

What is the rent for unit 3302?

AED 60,000 a year on the contract renewed on 18 July 2017. The previous contract, from July 2016, was AED 60,000; the unit has been rented since November 2012.

How big is unit 3302?

1,590 sqft (147.7 sqm): a two-bedroom apartment on the 33rd floor of a 44-storey tower completed in 2009.

What is unit 3302 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 3302, Lakepoint Tower

Starts from the last sale price (AED 1.3M, 18 July 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,300,000
Deposit, UAE resident (20%)
AED 260,000
Deposit, non-resident (40%)
AED 520,000
Monthly over 25 years at 3.7%
AED 5,319

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