2-bed · 1,019 sqftLakeside Residence Tower, Jumeirah Lake Towers (JLT) · 24th floor · completed 2012

2401, Lakeside Residence Tower

Sold prices and rental history: sold once, by the developer in June 2013, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2401 · DLD and Ejari recordsUpdated 10 March 2024
Last soldAED 1.02M3 June 2013
Current rentAED 120K /yr10 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2401, Lakeside Residence Tower

What is 2401 worth today?

Last sold for AED 1,023,394 in 2013

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10 Mar 2024RentedNew contract
AED 120,000/yr12 months · AED 118 per sqft
9 Feb 2023RentedNew contract
AED 100,000/yr12 months · AED 98 per sqft
9 Feb 2022RentedNew contract
AED 85,000/yr12 months · AED 83 per sqft
5 Feb 2022RentedNew contract
AED 85,000/yr12 months · AED 83 per sqft
1 Jun 2021RentedNew contract
AED 66,000/yr12 months · AED 65 per sqft
25 Jan 2021RentedRenewal
AED 70,000/yr12 months · AED 68 per sqft
25 Jan 2020RentedNew contract
AED 75,000/yr12 months · AED 73 per sqft
20 Nov 2017RentedNew contract
AED 105,000/yr12 months · AED 103 per sqft

Source: Dubai Land Department. Updated 10 March 2024.

Key facts

Type
2-bed apartment
Size
1,019 sqft
Floor
24th of 34
Parking
P.L.2/2075
Developer
Al Manal Development
Completed
2012
Service charge
AED 14,000 /yr
Last sold
AED 1.02M · June 2013

About 2401, Lakeside Residence Tower

2401 is a two-bedroom apartment of 1,019 sqft on the 24th floor of Lakeside Residence Tower, a 34-storey tower in Jumeirah Lake Towers (JLT) completed in 2012 by Al Manal Development. The developer sold it on 3 June 2013 for AED 1,023,394, or AED 1,004 per sqft, in line with the AED 985 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, signed on 10 March 2024, is AED 120,000 a year: a gross yield of 11.7% on the 2013 price, before the service charge of about AED 14,000 a year.

Sales and rents for 2401 over time

Sales
Unit 2401, 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, June 2013: AED 1,023,394 (AED 1,004 per sqft)

2401 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2401, each contractTypical two-bed in Lakeside Residence Tower
100K2013201720212025Typical 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, November 2013: AED 110,000 a yearNew contract, November 2014: AED 116,000 a yearRenewal, November 2015: AED 122,000 a yearNew contract, November 2017: AED 105,000 a yearNew contract, January 2020: AED 75,000 a yearRenewal, January 2021: AED 70,000 a yearNew contract, June 2021: AED 66,000 a yearNew contract, February 2022: AED 85,000 a yearNew contract, February 2022: AED 85,000 a yearNew contract, February 2023: AED 100,000 a yearNew contract, March 2024: AED 120,000 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 2401 sits

All 132 2-beds →

2401 last sold in June 2013 at AED 1,004 per sqft, in line with what two-beds in Lakeside Residence Tower were fetching at the time (AED 985). 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. 2401's AED 120,000 is in the upper 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 24th floor

All 358 units in Lakeside Residence Tower
Value
24021-bedAED 847K · May 2013
24031-bedAED 1.16M · May 2025
24042-bedAED 1.19M · Jan 2013
24051-bedAED 831K · May 2013
24062-bedAED 900K · Feb 2021
24071-bedAED 800K · Jun 2023
24081-bedAED 790K · Feb 2013
1–7 of 9

2401, Lakeside Residence Tower in numbers

  • Sold once: by Al Manal Development on 3 June 2013 for AED 1,023,394, or AED 1,004 per sqft.
  • Rented since November 2013 on 11 Ejari contracts. The rent fell from AED 110,000 to AED 66,000 in 2021 and recovered to AED 120,000 by March 2024.
  • At AED 120,000 a year the gross yield on the 2013 price is 11.7%, before a service charge of about AED 14,000 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 10 March 2024.

Questions about 2401, Lakeside Residence Tower

What did unit 2401 last sell for?

AED 1,023,394 on 3 June 2013, sold by the developer: AED 1,004 per sqft for 1,019 sqft. It is the only registered sale of the unit.

What is the rent for unit 2401?

AED 120,000 a year on the contract signed on 10 March 2024. The previous contract, from February 2023, was AED 100,000; the unit has been rented since November 2013.

How big is unit 2401?

1,019 sqft (94.7 sqm): a two-bedroom apartment on the 24th floor of a 34-storey tower completed in 2012.

What is unit 2401 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 2401, Lakeside Residence Tower

Starts from the last sale price (AED 1.02M, 3 June 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,023,394
Deposit, UAE resident (20%)
AED 204,679
Deposit, non-resident (40%)
AED 409,358
Monthly over 25 years at 3.7%
AED 4,187

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