Studio · 577 sqftO2 Residence Tower, Jumeirah Lake Towers (JLT) · 3rd floor · completed 2009

301, O2 Residence Tower

Sold prices and rental history: no registered sale, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 301 · DLD and Ejari recordsUpdated 20 August 2026
Current rentAED 60K /yr20 August 2026
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 301, O2 Residence Tower

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20 Aug 2026RentedRenewal
AED 60,000/yr12 months · AED 104 per sqft
20 Aug 2025RentedNew contract
AED 60,000/yr12 months · AED 104 per sqft
1 Sep 2024RentedRenewal
AED 48,510/yr10 months · AED 84 per sqft
1 Sep 2023RentedRenewal
AED 44,100/yr12 months · AED 76 per sqft
1 Sep 2022RentedRenewal
AED 42,000/yr12 months · AED 73 per sqft
1 Sep 2021RentedNew contract
AED 35,000/yr12 months · AED 61 per sqft
1 Sep 2020RentedNew contract
AED 35,000/yr12 months · AED 61 per sqft
5 Apr 2019RentedRenewal
AED 52,000/yr12 months · AED 90 per sqft

Source: Dubai Land Department. Updated 20 August 2026.

Key facts

Type
Studio apartment
Size
577 sqft
Floor
3rd of 39
Parking
DMCC-0051
Developer
Vakson First Property Development
Completed
2009
Service charge
AED 8,400 /yr
Last sold
No registered sale

About 301, O2 Residence Tower

301 is a studio of 577 sqft on the 3rd floor of O2 Residence Tower, a 39-storey tower in Jumeirah Lake Towers (JLT) completed in 2009 by Vakson First Property Development . No sale of the unit is registered with the Dubai Land Department.

It has been rented continuously since 2016 on 11 Ejari contracts. The current contract, renewed on 20 August 2026, is AED 60,000 a year, before the service charge of about AED 8,400 a year.

Sales and rents for 301 over time

Sales
Unit 301, each saleTypical studio in O2 Residence Tower
820K840K201420152016Typical sale price by year: 2014 AED 807,052; 2015 AED 840,000

No registered sale of 301; the dashed line is the studio median of each year in the building.

Rents
Unit 301, each contractTypical studio in O2 Residence Tower
40K60K2014201820222026Typical rent by year: 2014 AED 71,000; 2015 AED 71,500; 2016 AED 67,500; 2017 AED 70,000; 2018 AED 60,000; 2019 AED 50,000; 2020 AED 39,500; 2021 AED 35,000; 2022 AED 45,000; 2023 AED 45,000; 2024 AED 53,580; 2025 AED 60,000; 2026 AED 60,000New contract, March 2016: AED 65,000 a yearNew contract, April 2017: AED 60,000 a yearRenewal, April 2018: AED 60,000 a yearRenewal, April 2019: AED 52,000 a yearNew contract, September 2020: AED 35,000 a yearNew contract, September 2021: AED 35,000 a yearRenewal, September 2022: AED 42,000 a yearRenewal, September 2023: AED 44,100 a yearRenewal, September 2024: AED 48,510 a yearNew contract, August 2025: AED 60,000 a yearRenewal, August 2026: AED 60,000 a year

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

Studios in O2 Residence Tower, and where 301 sits

All 10 studios →

Over the last 12 months studios sold for AED 769,034, around AED 1,334 per sqft, and rent for AED 59,000 to 68,000 a year. 301's AED 60,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
13 Feb 2026769,034
27 Sep 2023730,000
22 Sep 2015780,000
9 Mar 2015840,000
1 studio sale 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 3rd floor

All 317 units in O2 Residence Tower
Value
3021-bedNo registered sale
3032-bedNo registered sale
3042-bedNo registered sale
3051-bedNo registered sale
306StudioAED 780K · Sep 2015
3071-bedNo registered sale
3082-bedAED 1.75M · Sep 2025
1–7 of 9

301, O2 Residence Tower in numbers

  • No sale of the unit is registered with the Dubai Land Department.
  • Rented since March 2016 on 11 Ejari contracts. The rent fell from AED 65,000 to AED 35,000 in 2021 and recovered to AED 60,000 by August 2026.
  • Studios in O2 Residence Tower sold for AED 769,034–769,034 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 20 August 2026.

Questions about 301, O2 Residence Tower

What is the rent for unit 301?

AED 60,000 a year on the contract renewed on 20 August 2026. The previous contract, from August 2025, was AED 60,000; the unit has been rented since March 2016.

How big is unit 301?

577 sqft (53.6 sqm): a studio on the 3rd floor of a 39-storey tower completed in 2009.

What is unit 301 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in O2 Residence Tower sold for AED 769,034 to 769,034 in the last 12 months, around AED 1,334 per sqft.

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