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1-bed · 962 sqftO2 Residence Tower, Jumeirah Lake Towers (JLT) · 24th floor · completed 2009

2402, O2 Residence Tower

Sold prices and rental history: sold once, by the developer in October 2012, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2402 · DLD and Ejari recordsUpdated 3 October 2012
Last soldAED 871K3 October 2012
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2402, O2 Residence Tower

What is 2402 worth today?

Last sold for AED 871,200 in 2012

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3 Oct 2012Sold by developerReady
AED 871,200AED 905 per sqft

Source: Dubai Land Department. Updated 3 October 2012.

Key facts

Type
1-bed apartment
Size
962 sqft
Floor
24th of 39
Parking
DMCC-3101
Developer
Vakson First Property Development
Completed
2009
Service charge
AED 14,000 /yr
Last sold
AED 871K · October 2012
Building
O2 Residence Tower

About 2402, O2 Residence Tower

2402 is a one-bedroom apartment of 962 sqft on the 24th floor of O2 Residence Tower, a 39-storey tower in Jumeirah Lake Towers (JLT) completed in 2009 by Vakson First Property Development . The developer sold it on 3 October 2012 for AED 871,200, or AED 905 per sqft, 11% above the AED 816 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 2402 over time

Sales
Unit 2402, each saleTypical one-bed in O2 Residence Tower
750K1M1.25M2012201620202024Typical sale price by year: 2012 AED 727,000; 2013 AED 741,080; 2014 AED 1,125,000; 2015 AED 1,090,000; 2016 AED 1,050,000; 2017 AED 1,060,000; 2018 AED 902,500; 2019 AED 780,000; 2020 AED 642,500; 2021 AED 690,000; 2022 AED 860,000; 2023 AED 925,000; 2024 AED 1,100,000; 2025 AED 1,137,500; 2026 AED 1,170,000Sold by developer, October 2012: AED 871,200 (AED 905 per sqft)

2402 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2402, each contractTypical one-bed in O2 Residence Tower
60K80K2012201620202024Typical rent by year: 2012 AED 64,500; 2013 AED 68,000; 2014 AED 82,000; 2015 AED 85,000; 2016 AED 87,000; 2017 AED 85,000; 2018 AED 75,000; 2019 AED 65,000; 2020 AED 55,000; 2021 AED 50,000; 2022 AED 55,000; 2023 AED 65,000; 2024 AED 75,000; 2025 AED 80,000; 2026 AED 80,000

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in O2 Residence Tower, and where 2402 sits

All 204 1-beds →

2402 last sold in October 2012 at AED 905 per sqft, 11% above what one-beds in O2 Residence Tower were fetching at the time (AED 816). Over the last 12 months one-beds sold for AED 647,304 to 1,200,000, around AED 1,411 per sqft, and rent for AED 51,750 to 120,000 a year.

Recent 1-bed salesUnit no.Price (AED)Summary
29 Apr 20261,100,000
17 Feb 20261,170,000
12 Feb 20261,200,000
11 Dec 20251,100,000
6 1-bed sales in the last 12 months

O2 Residence Tower

Building

317 apartments, studios to 3-bed over 39 floors in Jumeirah Lake Towers (JLT), completed in 2009 by Vakson First Property Development . 9 sold in the last 12 months.

Typical price per sqft
AED 1,334
Typical sale
AED 1.13M
Typical rent
AED 85K /yr
Typical yield
6.6%
O2 Residence Tower, Jumeirah Lake Towers (JLT): prices, sales and rents →

Other units on the 24th floor

All 317 units in O2 Residence Tower
Value
24011-bedAED 723K · Oct 2012
24032-bedAED 1.29M · Oct 2021
24042-bedAED 1.3M · Nov 2021
24051-bedAED 833K · Sep 2012
24061-bedAED 723K · Oct 2012
24071-bedAED 1.03M · Dec 2017
24081-bedAED 860K · Apr 2022
1–7 of 9

2402, O2 Residence Tower in numbers

  • Sold once: by Vakson First Property Development on 3 October 2012 for AED 871,200, or AED 905 per sqft.
  • One-beds in O2 Residence Tower sold for AED 647,304–1,200,000 in the 12 months to November 2026; the building's median across all types is AED 1,334 per sqft.

Source: Dubai Land Department. Updated 3 October 2012.

Questions about 2402, O2 Residence Tower

What did unit 2402 last sell for?

AED 871,200 on 3 October 2012, sold by the developer: AED 905 per sqft for 962 sqft. It is the only registered sale of the unit.

How big is unit 2402?

962 sqft (89.4 sqm): a one-bedroom apartment on the 24th floor of a 39-storey tower completed in 2009.

What is unit 2402 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in O2 Residence Tower sold for AED 647,304 to 1,200,000 in the last 12 months, around AED 1,411 per sqft.

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Mortgage on 2402, O2 Residence Tower

Starts from the last sale price (AED 871K, 3 October 2012). Switch to today's estimate once you have unlocked it.
Price
AED 871,200
Deposit, UAE resident (20%)
AED 174,240
Deposit, non-resident (40%)
AED 348,480
Monthly over 25 years at 3.7%
AED 3,564

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