507, Lakepoint Tower
Sold prices and rental history: sold 5 times, last in August 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 507, Lakepoint Tower
What is 507 worth today?
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Source: Dubai Land Department. Updated 27 August 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 979 sqft
- Floor
- 5th of 44
- Parking
- DMCC-1092
- Developer
- GGICO
- Completed
- 2009
- Service charge
- AED 12,500 /yr
- Last sold
- AED 715K · August 2024
- Building
- Lakepoint Tower
About 507, Lakepoint Tower
507 is a one-bedroom apartment of 979 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 27 August 2024 for AED 715,000, or AED 730 per sqft, 13% below the AED 838 one-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, renewed on 15 May 2024, is AED 57,200 a year: a gross yield of 8.0% on the 2024 price, before the service charge of about AED 12,500 a year.
Sales and rents for 507 over time
507 has sold 5 times; 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 507 sits
All 288 1-beds →507 last sold in August 2024 at AED 730 per sqft, 13% below what one-beds in Lakepoint Tower were fetching at the time (AED 838). 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. 507's AED 57,200 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 | |
| 506 | 1-bed | 851 sqft | AED 625KAED 625,000 · Oct 2012October 2012 | 75,000 /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 |
507, Lakepoint Tower in numbers
- Sold 5 times: first on 17 June 2010 for AED 676,551, last on 27 August 2024 for AED 715,000 (AED 730 per sqft).
- Rented since September 2013 on 11 Ejari contracts. The rent fell from AED 70,000 to AED 40,000 in 2021 and recovered to AED 57,200 by May 2024.
- At AED 57,200 a year the gross yield on the 2024 price is 8.0%, before a service charge of about AED 12,500 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 27 August 2024.
Questions about 507, Lakepoint Tower
What did unit 507 last sell for?
AED 715,000 on 27 August 2024: AED 730 per sqft for 979 sqft. The unit has 5 registered sales; the first was AED 676,551 in June 2010.
What is the rent for unit 507?
AED 57,200 a year on the contract renewed on 15 May 2024. The previous contract, from May 2023, was AED 52,000; the unit has been rented since September 2013.
How big is unit 507?
979 sqft (91.0 sqm): a one-bedroom apartment on the 5th floor of a 44-storey tower completed in 2009.
What is unit 507 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 507, Lakepoint Tower
Starts from the last sale price (AED 715K, 27 August 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 715,000
- Deposit, UAE resident (20%)
- AED 143,000
- Deposit, non-resident (40%)
- AED 286,000
- Monthly over 25 years at 3.7%
- AED 2,925
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →