508, Lakepoint Tower
Sold prices and rental history: sold 3 times, last in September 2022, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 508, Lakepoint Tower
What is 508 worth today?
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Source: Dubai Land Department. Updated 21 September 2022.
Key facts
- Type
- 1-bed apartment
- Size
- 901 sqft
- Floor
- 5th of 44
- Parking
- DMCC-1093
- Developer
- GGICO
- Completed
- 2009
- Service charge
- AED 11,500 /yr
- Last sold
- AED 600K · September 2022
- Building
- Lakepoint Tower
About 508, Lakepoint Tower
508 is a one-bedroom apartment of 901 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 21 September 2022 for AED 600,000, or AED 666 per sqft, 16% above the AED 572 one-beds in the building were fetching at the time.
It has been rented since 2013 on 2 Ejari contracts. The current contract, signed on 10 September 2014, is AED 80,000 a year: a gross yield of 13.3% on the 2022 price, before the service charge of about AED 11,500 a year.
Sales and rents for 508 over time
508 has sold 3 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 508 sits
All 288 1-beds →508 last sold in September 2022 at AED 666 per sqft, 16% above what one-beds in Lakepoint Tower were fetching at the time (AED 572). 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. 508's AED 80,000 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 | |
| 506 | 1-bed | 851 sqft | AED 625KAED 625,000 · Oct 2012October 2012 | 75,000 /yr | |
| 507 | 1-bed | 979 sqft | AED 715KAED 715,000 · Aug 2024August 2024 | 57,200 /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 |
508, Lakepoint Tower in numbers
- Sold 3 times: first on 3 June 2013 for AED 635,753, last on 21 September 2022 for AED 600,000 (AED 666 per sqft).
- Rented since August 2013 on 2 Ejari contracts, from AED 70,000 to AED 80,000 a year.
- At AED 80,000 a year the gross yield on the 2022 price is 13.3%, before a service charge of about AED 11,500 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 21 September 2022.
Questions about 508, Lakepoint Tower
What did unit 508 last sell for?
AED 600,000 on 21 September 2022: AED 666 per sqft for 901 sqft. The unit has 3 registered sales; the first was AED 635,753 in June 2013.
What is the rent for unit 508?
AED 80,000 a year on the contract signed on 10 September 2014. The previous contract, from August 2013, was AED 70,000.
How big is unit 508?
901 sqft (83.7 sqm): a one-bedroom apartment on the 5th floor of a 44-storey tower completed in 2009.
What is unit 508 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 508, Lakepoint Tower
Starts from the last sale price (AED 600K, 21 September 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 600,000
- Deposit, UAE resident (20%)
- AED 120,000
- Deposit, non-resident (40%)
- AED 240,000
- Monthly over 25 years at 3.7%
- AED 2,455
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →