Home
Dubai prices
About
Research
BuildingJumeirah Lake Towers (JLT) · Vakson First Property Development · 2009

O2 Residence Tower

Studios to three-beds in Jumeirah Lake Towers (JLT). 9 apartments sold in the last 12 months; every sale, rent and unit is below.

Last 12 monthsUpdated 10 November 2026
Typical price per sqftAED 1,3349 sales
Typical saleAED 1.13M9 sales
Typical rentAED 85K /yrAED 88 per sqft
Typical yield6.6%AED 14.56/sqft charge
Follow O2 Residence Tower

About O2 Residence Tower

O2 Residence Tower is an apartment building in Jumeirah Lake Towers (JLT), Dubai. It was developed by Vakson First Property Development and completed in 2009. The tower has 39 storeys and 317 apartments, ranging from studios to three-bedroom units, with sizes from 574 to 6,523 sqft. It stands among other JLT towers, including Madina Tower, Reef Tower and Armada Towers 2. DMCC Metro Station is about 600 m away. Paddington Early Childhood Centre JLT, Rawteen Special Store and Armada Medical Centre are each within walking distance, at about 100 m. Learning Ladder Nursery Park is also within walking distance, at about 200 m.

317 apartments over 39 floors: 10 studios of 574 to 577 sqft, 204 one-beds of 786 to 1,081 sqft, 66 two-beds of 1,278 to 1,583 sqft, 28 three-beds of 1,945 to 2,270 sqft and 9 penthouses of 3,848 to 6,523 sqft. The service charge is AED 14.56 per sqft a year.

9 apartments sold in the 12 months to November 2026, at a median of AED 1,334 per sqft. Most of the trading is in one-beds: 6 of the 9 sales, at AED 647,304 to 1,200,000. 222 rental contracts were registered over the same 12 months, at a typical AED 85,000 a year.

Developer
Vakson First Property Development
Completed
2009
Floors
39
Units
317
Unit types
Studio to 3-bed

Jumeirah Lake Towers (JLT), Dubai

Average prices in O2 Residence Tower

In O2 Residence Tower, typical sale prices over the last 12 months were around AED 769,000 for studios, AED 1,110,000 for one-beds and AED 1,980,000 for two-beds.

Last 12 months of DLD sales, median per type. Each type links to its own page with every unit and its history.

Price history in O2 Residence Tower

7501,0001,2501,500May 2026Nov 20262025-11-14: AED 810, 1-bed, 798 sqft2025-12-04: AED 1,424, 1-bed, 790 sqft2025-12-11: AED 1,143, 1-bed, 962 sqft2026-02-12: AED 1,525, 1-bed, 786 sqft2026-02-13: AED 1,334, Studio, 576 sqft2026-02-17: AED 1,466, 1-bed, 798 sqft2026-04-29: AED 1,398, 1-bed, 786 sqft2026-05-05: AED 1,313, 2-bed, 1,523 sqft2026-08-05: AED 1,280, 2-bed, 1,523 sqftTrend: AED 1,209 to AED 1,441

Every registered sale in the last 12 months; the dashed line is the trend, grey dots are flagged outliers left out of it.

Transaction history in O2 Residence Tower

  • Completed2-bed · 1,522 sqft 05 Aug 2026AED 1,950,0001,280 /sqft
  • Completed2-bed · 1,522 sqft 05 May 2026AED 2,000,0001,313 /sqft
  • Completed1-bed · 786 sqft 29 Apr 2026AED 1,100,0001,399 /sqft
  • Completed1-bed · 798 sqft 17 Feb 2026AED 1,170,0001,466 /sqft
  • CompletedStudio · 576 sqft 13 Feb 2026AED 769,0341,334 /sqft
  • Completed1-bed · 786 sqft 12 Feb 2026AED 1,200,0001,526 /sqft
  • Completed1-bed · 961 sqft 11 Dec 2025AED 1,100,0001,144 /sqft
  • Completed1-bed · 789 sqft 04 Dec 2025AED 1,125,0001,425 /sqft
  • Completed1-bed · 798 sqft 14 Nov 2025AED 647,304811 /sqft
  • Completed1-bed · 942 sqft 05 Nov 2025AED 1,300,0001,379 /sqft

Over the last 12 months, O2 Residence Tower has recorded 9 apartment sales. Typical homes sold for around AED 1.13M (about AED 1,334 per sqft) with a median size of 798 sqft; most were one-beds, from roughly AED 647K to AED 2M.

1–10 of 512

Units in O2 Residence Tower

317 units
  • Unit 201Studio · 576 sqftSold AED 730K, Sep 2023
  • Unit 2021-bed · 1,080 sqftSold AED 900K, Mar 2023
  • Unit 2032-bed · 1,517 sqftRented AED 125K/yr
  • Unit 2042-bed · 1,517 sqftSold AED 1.85M, Jun 2024
  • Unit 2051-bed · 1,080 sqftSold AED 1.5M, Jan 2015
  • Unit 206Studio · 576 sqftRented AED 60K/yr
  • Unit 2071-bed · 798 sqftSold AED 1.03M, Oct 2015
  • Unit 2082-bed · 1,278 sqftRented AED 120K/yr
  • Unit 2092-bed · 1,278 sqftRented AED 118K/yr
  • Unit 2101-bed · 798 sqftSold AED 647K, Jul 2024
1–10 of 317
Every unit in O2 Residence Tower, by number

By type: studios (10), one-beds (204), two-beds (66), three-beds (28), penthouses (9).

Nearby in Jumeirah Lake Towers (JLT)

All 79 →
BuildingSale /sqftYield
Madina TowerAED 1,3566.5%
Reef TowerFew sales
Armada Towers 2Few sales
Armada Towers 3AED 1,3777.3%
Armada Towers 1AED 1,2937.9%
1–5 of 78 · nearest first

O2 Residence Tower in numbers

  • Across 9 DLD sales in the 12 months to November 2026, the median price in O2 Residence Tower was AED 1,334 per sqft and the typical home sold for about AED 1.13M.
  • Completed in 2009 by Vakson First Property Development ; 39 floors of studios to three-beds; service charge AED 14.56 per sqft a year.
  • One-beds of 786 to 1,081 sqft sold for AED 647,304 to 1,200,000 between November 2025 and April 2026, a median AED 1,411 per sqft.
  • An one-bed of 786 to 1,081 sqft rents for AED 51,750 to 120,000 a year on the 151 contracts registered in the last 12 months.
  • Gross rental yield 6.6%: the median rent per sqft over the median sale price per sqft, before service charges.

Source: Dubai Land Department. Updated 10 November 2026.

Questions

How much does an one-bed in O2 Residence Tower cost?

6 one-beds sold in the 12 months to November 2026, for AED 647,304 to 1,200,000; the median was AED 1,112,500, or AED 1,411 per sqft.

How much is an one-bed for rent in O2 Residence Tower?

About AED 80,000 a year: that is the median of the 151 contracts for one-beds registered with Ejari in the 12 months to November 2026, from AED 51,750 to 120,000.

What is the rental yield in O2 Residence Tower?

About 6.6% gross across the building, before service charges: the median rent per sqft over the median sale price per sqft in the last 12 months.

What is the service charge in O2 Residence Tower?

AED 14.56 per sqft a year. For a typical 798 sqft home that is about AED 11,600 a year.

Who built O2 Residence Tower and when?

Vakson First Property Development ; completed in 2009; 39 floors; 317 apartments.

How many apartments are there in O2 Residence Tower?

317, studios to three-beds. Each has its own page with its full sales and rental history.

For sale with OpenOffers in Jumeirah Lake Towers (JLT)

No Jumeirah Lake Towers (JLT) property is on the board today. Follow Jumeirah Lake Towers (JLT) to hear the day one is listed, or see what is for sale across Dubai with every offer public.

Follow Jumeirah Lake Towers (JLT)Properties for sale