2-bed · 1,295 sqftLakeside Residence Tower, Jumeirah Lake Towers (JLT) · 3rd floor · completed 2012

311, Lakeside Residence Tower

Sold prices and rental history: sold twice, last in May 2017, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 311 · DLD and Ejari recordsUpdated 9 May 2017
Last soldAED 1.57M9 May 2017
Current rentAED 118K /yr20 January 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 311, Lakeside Residence Tower

What is 311 worth today?

Last sold for AED 1,565,000 in 2017

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

9 May 2017SoldReady
AED 1,565,000AED 1,208 per sqft
20 Jan 2017RentedRenewal
AED 117,500/yr3 months · AED 91 per sqft
20 Jan 2016RentedRenewal
AED 117,000/yr12 months · AED 91 per sqft
20 Jan 2015RentedNew contract
AED 115,000/yr12 months · AED 89 per sqft
20 Jan 2014RentedNew contract
AED 115,000/yr12 months · AED 89 per sqft
28 Jan 2013Sold by developerReady
AED 1,185,792AED 915 per sqft

Source: Dubai Land Department. Updated 9 May 2017.

Key facts

Type
2-bed apartment
Size
1,295 sqft
Floor
3rd of 34
Parking
B1/35
Developer
Al Manal Development
Completed
2012
Service charge
AED 17,700 /yr
Last sold
AED 1.57M · May 2017

About 311, Lakeside Residence Tower

311 is a two-bedroom apartment of 1,295 sqft on the 3rd 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 9 May 2017 for AED 1,565,000, or AED 1,208 per sqft, in line with the AED 1,220 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 4 Ejari contracts. The current contract, renewed on 20 January 2017, is AED 117,500 a year: a gross yield of 7.5% on the 2017 price, before the service charge of about AED 17,700 a year.

Sales and rents for 311 over time

Sales
Unit 311, 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, January 2013: AED 1,185,792 (AED 915 per sqft)Sold, May 2017: AED 1,565,000 (AED 1,208 per sqft)

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

Rents
Unit 311, each contractTypical two-bed in Lakeside Residence Tower
75K100K125K2013201720212025Typical 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, January 2014: AED 115,000 a yearNew contract, January 2015: AED 115,000 a yearRenewal, January 2016: AED 117,000 a yearRenewal, January 2017: AED 117,500 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 311 sits

All 132 2-beds →

311 last sold in May 2017 at AED 1,208 per sqft, in line with what two-beds in Lakeside Residence Tower were fetching at the time (AED 1,220). 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. 311's AED 117,500 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 3rd floor

All 358 units in Lakeside Residence Tower
Value
3012-bedAED 1.45M · May 2017
3021-bedAED 703K · Apr 2013
3031-bedAED 831K · Feb 2013
3041-bedAED 703K · Feb 2013
3052-bedAED 1.21M · Apr 2013
3061-bedAED 700K · Apr 2022
3072-bedAED 1.46M · Nov 2016
1–7 of 11

311, Lakeside Residence Tower in numbers

  • Sold twice: first on 28 January 2013 for AED 1,185,792, last on 9 May 2017 for AED 1,565,000 (AED 1,208 per sqft).
  • Rented since January 2014 on 4 Ejari contracts, from AED 115,000 to AED 117,500 a year.
  • At AED 117,500 a year the gross yield on the 2017 price is 7.5%, before a service charge of about AED 17,700 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 9 May 2017.

Questions about 311, Lakeside Residence Tower

What did unit 311 last sell for?

AED 1,565,000 on 9 May 2017: AED 1,208 per sqft for 1,295 sqft. The unit has 2 registered sales; the first was AED 1,185,792 in January 2013.

What is the rent for unit 311?

AED 117,500 a year on the contract renewed on 20 January 2017. The previous contract, from January 2016, was AED 117,000; the unit has been rented since January 2014.

How big is unit 311?

1,295 sqft (120.3 sqm): a two-bedroom apartment on the 3rd floor of a 34-storey tower completed in 2012.

What is unit 311 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.

Selling 311? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 311, Lakeside Residence Tower

Starts from the last sale price (AED 1.57M, 9 May 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,565,000
Deposit, UAE resident (20%)
AED 313,000
Deposit, non-resident (40%)
AED 626,000
Monthly over 25 years at 3.7%
AED 6,403

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