2-bed · 1,072 sqftLakeside Residence Tower, Jumeirah Lake Towers (JLT) · 23rd floor · completed 2012

2306, Lakeside Residence Tower

Sold prices and rental history: sold 3 times, last in October 2021, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2306 · DLD and Ejari recordsUpdated 4 October 2021
Last soldAED 980K4 October 2021
Current rentAED 100K /yr16 November 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2306, Lakeside Residence Tower

What is 2306 worth today?

Last sold for AED 980,000 in 2021

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4 Oct 2021SoldReady
AED 980,000AED 914 per sqft
16 Nov 2018RentedNew contract
AED 100,000/yr12 months · AED 93 per sqft
1 Oct 2017RentedNew contract
AED 115,000/yr12 months · AED 107 per sqft
15 Mar 2015SoldReady
AED 1,490,000AED 1,390 per sqft
10 Feb 2013Sold by developerReady
AED 1,054,609AED 983 per sqft

Source: Dubai Land Department. Updated 4 October 2021.

Key facts

Type
2-bed apartment
Size
1,072 sqft
Floor
23rd of 34
Parking
P.L.2/2070
Developer
Al Manal Development
Completed
2012
Service charge
AED 14,700 /yr
Last sold
AED 980K · October 2021

About 2306, Lakeside Residence Tower

2306 is a two-bedroom apartment of 1,072 sqft on the 23rd floor of Lakeside Residence Tower, a 34-storey tower in Jumeirah Lake Towers (JLT) completed in 2012 by Al Manal Development. It last sold on 4 October 2021 for AED 980,000, or AED 914 per sqft, 18% above the AED 774 two-beds in the building were fetching at the time.

It has been rented since 2017 on 2 Ejari contracts. The current contract, signed on 16 November 2018, is AED 100,000 a year: a gross yield of 10.2% on the 2021 price, before the service charge of about AED 14,700 a year.

Sales and rents for 2306 over time

Sales
Unit 2306, each saleTypical two-bed in Lakeside Residence Tower
1M1.5M2012201620202024Typical sale price by year: 2012 AED 1,067,065; 2013 AED 1,195,080; 2014 AED 1,650,000; 2015 AED 1,525,000; 2016 AED 1,470,000; 2017 AED 1,475,000; 2018 AED 1,270,000; 2020 AED 925,000; 2021 AED 950,000; 2022 AED 1,140,000; 2023 AED 1,267,500; 2024 AED 1,640,000; 2025 AED 1,740,000; 2026 AED 1,800,000Sold by developer, February 2013: AED 1,054,609 (AED 983 per sqft)Sold, March 2015: AED 1,490,000 (AED 1,390 per sqft)Sold, October 2021: AED 980,000 (AED 914 per sqft)

2306 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2306, each contractTypical two-bed in Lakeside Residence Tower
75K100K2013201720212025Typical rent by year: 2013 AED 95,000; 2014 AED 105,000; 2015 AED 115,000; 2016 AED 115,000; 2017 AED 110,000; 2018 AED 100,000; 2019 AED 85,000; 2020 AED 73,000; 2021 AED 68,000; 2022 AED 78,000; 2023 AED 88,935; 2024 AED 101,500; 2025 AED 114,260; 2026 AED 110,000New contract, October 2017: AED 115,000 a yearNew contract, November 2018: AED 100,000 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 Lakeside Residence Tower, and where 2306 sits

All 132 2-beds →

2306 last sold in October 2021 at AED 914 per sqft, 18% above what two-beds in Lakeside Residence Tower were fetching at the time (AED 774). Over the last 12 months two-beds sold for AED 1,750,000 to 1,950,000, around AED 1,525 per sqft, and rent for AED 60,000 to 170,000 a year. 2306's AED 100,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
2 Oct 20261,950,000
4 Sep 20261,850,000
4 Sep 20261,780,000
25 Aug 20261,800,000
7 2-bed sales in the last 12 months

Lakeside Residence Tower

Building

358 apartments, 1-bed to 2-bed over 34 floors in Jumeirah Lake Towers (JLT), completed in 2012 by Al Manal Development. 18 sold in the last 12 months.

Typical price per sqft
AED 1,543 Up 6.1%
Typical sale
AED 1.33M
Typical rent
AED 84K /yr
Typical yield
6.3%
Lakeside Residence Tower, Jumeirah Lake Towers (JLT): prices, sales and rents →

Other units on the 23rd floor

All 358 units in Lakeside Residence Tower
Value
23012-bedAED 1.06M · Mar 2013
23021-bedAED 1.04M · Jun 2017
23031-bedAED 1.13M · Jul 2016
23042-bedAED 1.05M · Apr 2019
23051-bedAED 980K · Jan 2017
23071-bedAED 819K · May 2013
23081-bedAED 787K · Feb 2013
1–7 of 9

2306, Lakeside Residence Tower in numbers

  • Sold 3 times: first on 10 February 2013 for AED 1,054,609, last on 4 October 2021 for AED 980,000 (AED 914 per sqft).
  • Rented since October 2017 on 2 Ejari contracts, from AED 115,000 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2021 price is 10.2%, before a service charge of about AED 14,700 a year (AED 13.70 per sqft).
  • Two-beds in Lakeside Residence Tower sold for AED 1,750,000–1,950,000 in the 12 months to November 2026; the building's median across all types is AED 1,543 per sqft.

Source: Dubai Land Department. Updated 4 October 2021.

Questions about 2306, Lakeside Residence Tower

What did unit 2306 last sell for?

AED 980,000 on 4 October 2021: AED 914 per sqft for 1,072 sqft. The unit has 3 registered sales; the first was AED 1,054,609 in February 2013.

What is the rent for unit 2306?

AED 100,000 a year on the contract signed on 16 November 2018. The previous contract, from October 2017, was AED 115,000.

How big is unit 2306?

1,072 sqft (99.6 sqm): a two-bedroom apartment on the 23rd floor of a 34-storey tower completed in 2012.

What is unit 2306 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Lakeside Residence Tower sold for AED 1,750,000 to 1,950,000 in the last 12 months, around AED 1,525 per sqft.

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Mortgage on 2306, Lakeside Residence Tower

Starts from the last sale price (AED 980K, 4 October 2021). Switch to today's estimate once you have unlocked it.
Price
AED 980,000
Deposit, UAE resident (20%)
AED 196,000
Deposit, non-resident (40%)
AED 392,000
Monthly over 25 years at 3.7%
AED 4,009

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