701, Lakepoint Tower
Sold prices and rental history: sold once, by the developer in December 2009, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 701, Lakepoint Tower
What is 701 worth today?
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Source: Dubai Land Department. Updated 15 October 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 979 sqft
- Floor
- 7th of 44
- Parking
- DMCC-0024
- Developer
- GGICO
- Completed
- 2009
- Service charge
- AED 12,500 /yr
- Last sold
- AED 338K · December 2009
- Building
- Lakepoint Tower
About 701, Lakepoint Tower
701 is a one-bedroom apartment of 979 sqft on the 7th floor of Lakepoint Tower, a 44-storey tower in Jumeirah Lake Towers (JLT) completed in 2009 by GGICO. The developer sold it on 10 December 2009 for AED 337,786, or AED 345 per sqft, 51% below the AED 705 one-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 11 Ejari contracts. The current contract, renewed on 15 October 2026, is AED 72,996 a year: a gross yield of 21.6% on the 2009 price, before the service charge of about AED 12,500 a year.
Sales and rents for 701 over time
701 has sold once; 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 701 sits
All 288 1-beds →701 last sold in December 2009 at AED 345 per sqft, 51% below what one-beds in Lakepoint Tower were fetching at the time (AED 705). 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. 701's AED 72,996 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 7th floor
All 413 units in Lakepoint Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 702 | 1-bed | 901 sqft | AED 800KAED 800,000 · May 2024May 2024 | 80,000 /yr | |
| 703 | 1-bed | 973 sqft | AED 1.17MAED 1,167,120 · Jul 2010July 2010 | 70,027 /yr | |
| 704 | 1-bed | 901 sqft | AED 575KAED 575,000 · Sep 2022September 2022 | 70,000 /yr | |
| 705 | 1-bed | 163 sqft | AED 90KAED 89,539 · Dec 2021December 2021 | ||
| 706 | 1-bed | 851 sqft | AED 940KAED 940,000 · Aug 2025August 2025 | 60,000 /yr | |
| 707 | 1-bed | 979 sqft | AED 930KAED 930,000 · Aug 2024August 2024 | 50,000 /yr | |
| 708 | 1-bed | 901 sqft | AED 900KAED 900,000 · Dec 2013December 2013 | 61,000 /yr | |
| 709 | 1-bed | 973 sqft | AED 760KAED 759,950 · Mar 2013March 2013 | 65,000 /yr | |
| 710 | 1-bed | 901 sqft | AED 950KAED 950,000 · Feb 2016February 2016 | 30,000 /yr | |
| 711 | 1-bed | 979 sqft | AED 691KAED 691,238 · Feb 2011February 2011 | 65,000 /yr | |
| 712 | 1-bed | 851 sqft | AED 800KAED 800,000 · Aug 2024August 2024 | 80,000 /yr |
701, Lakepoint Tower in numbers
- Sold once: by GGICO on 10 December 2009 for AED 337,786, or AED 345 per sqft.
- Rented since April 2017 on 11 Ejari contracts. The rent fell from AED 80,000 to AED 45,000 in 2022 and recovered to AED 72,996 by October 2026.
- At AED 72,996 a year the gross yield on the 2009 price is 21.6%, 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 15 October 2026.
Questions about 701, Lakepoint Tower
What did unit 701 last sell for?
AED 337,786 on 10 December 2009, sold by the developer: AED 345 per sqft for 979 sqft. It is the only registered sale of the unit.
What is the rent for unit 701?
AED 72,996 a year on the contract renewed on 15 October 2026. The previous contract, from February 2026, was AED 73,002; the unit has been rented since April 2017.
How big is unit 701?
979 sqft (91.0 sqm): a one-bedroom apartment on the 7th floor of a 44-storey tower completed in 2009.
What is unit 701 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 701, Lakepoint Tower
Starts from the last sale price (AED 338K, 10 December 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 337,786
- Deposit, UAE resident (20%)
- AED 67,557
- Deposit, non-resident (40%)
- AED 135,114
- Monthly over 25 years at 3.7%
- AED 1,382
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →