506, Lakepoint Tower
Sold prices and rental history: sold twice, last in October 2012, 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 506, Lakepoint Tower
What is 506 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 1 October 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 851 sqft
- Floor
- 5th of 44
- Parking
- DMCC-1091
- Developer
- GGICO
- Completed
- 2009
- Service charge
- AED 10,900 /yr
- Last sold
- AED 625K · October 2012
- Building
- Lakepoint Tower
About 506, Lakepoint Tower
506 is a one-bedroom apartment of 851 sqft on the 5th floor of Lakepoint Tower, a 44-storey tower in Jumeirah Lake Towers (JLT) completed in 2009 by GGICO. It last sold on 8 October 2012 for AED 625,000, or AED 734 per sqft, 30% above the AED 566 one-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 8 Ejari contracts. The current contract, renewed on 1 October 2025, is AED 75,000 a year: a gross yield of 12.0% on the 2012 price, before the service charge of about AED 10,900 a year.
Sales and rents for 506 over time
506 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 506 sits
All 288 1-beds →506 last sold in October 2012 at AED 734 per sqft, 30% above what one-beds in Lakepoint Tower were fetching at the time (AED 566). 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. 506's AED 75,000 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 5th floor
All 413 units in Lakepoint Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 979 sqft | AED 900KAED 900,000 · Jan 2016January 2016 | 110,000 /yr | |
| 502 | 1-bed | 901 sqft | AED 758KAED 758,250 · Mar 2013March 2013 | 80,000 /yr | |
| 503 | 1-bed | 973 sqft | AED 500KAED 500,000 · Oct 2011October 2011 | 60,000 /yr | |
| 504 | 1-bed | 901 sqft | AED 500KAED 500,000 · Jul 2022July 2022 | 68,000 /yr | |
| 505 | 1-bed | 979 sqft | AED 649KAED 649,489 · Jul 2010July 2010 | 60,000 /yr | |
| 507 | 1-bed | 979 sqft | AED 715KAED 715,000 · Aug 2024August 2024 | 57,200 /yr | |
| 508 | 1-bed | 901 sqft | AED 600KAED 600,000 · Sep 2022September 2022 | 80,000 /yr | |
| 509 | 1-bed | 973 sqft | AED 520KAED 520,000 · Feb 2022February 2022 | 90,000 /yr | |
| 510 | 1-bed | 901 sqft | AED 706KAED 705,950 · Oct 2009October 2009 | 76,000 /yr | |
| 511 | 1-bed | 979 sqft | AED 550KAED 550,000 · Jan 2022January 2022 | 60,000 /yr | |
| 512 | 1-bed | 851 sqft | AED 730KAED 730,000 · Jun 2013June 2013 | 66,000 /yr |
506, Lakepoint Tower in numbers
- Sold twice: first on 20 October 2009 for AED 592,296, last on 8 October 2012 for AED 625,000 (AED 734 per sqft).
- Rented since July 2016 on 8 Ejari contracts. The rent fell from AED 74,000 to AED 36,000 in 2021 and recovered to AED 75,000 by October 2025.
- At AED 75,000 a year the gross yield on the 2012 price is 12.0%, 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 1 October 2025.
Questions about 506, Lakepoint Tower
What did unit 506 last sell for?
AED 625,000 on 8 October 2012: AED 734 per sqft for 851 sqft. The unit has 2 registered sales; the first was AED 592,296 in October 2009.
What is the rent for unit 506?
AED 75,000 a year on the contract renewed on 1 October 2025. The previous contract, from October 2024, was AED 70,000; the unit has been rented since July 2016.
How big is unit 506?
851 sqft (79.1 sqm): a one-bedroom apartment on the 5th floor of a 44-storey tower completed in 2009.
What is unit 506 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 506? 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 506, Lakepoint Tower
Starts from the last sale price (AED 625K, 8 October 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 625,000
- Deposit, UAE resident (20%)
- AED 125,000
- Deposit, non-resident (40%)
- AED 250,000
- Monthly over 25 years at 3.7%
- AED 2,557
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →