409, O2 Residence Tower
Sold prices and rental history: sold twice, last in November 2024, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 409, O2 Residence Tower
What is 409 worth today?
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Source: Dubai Land Department. Updated 5 November 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,335 sqft
- Floor
- 4th of 39
- Parking
- DMCC-0072
- Developer
- Vakson First Property Development
- Completed
- 2009
- Service charge
- AED 19,400 /yr
- Last sold
- AED 1.68M · November 2024
- Building
- O2 Residence Tower
About 409, O2 Residence Tower
409 is a two-bedroom apartment of 1,335 sqft on the 4th floor of O2 Residence Tower, a 39-storey tower in Jumeirah Lake Towers (JLT) completed in 2009 by Vakson First Property Development . It last sold on 5 November 2024 for AED 1,675,000, or AED 1,255 per sqft, in line with the AED 1,219 two-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 7 Ejari contracts. The current contract, renewed on 18 July 2024, is AED 100,000 a year: a gross yield of 6.0% on the 2024 price, before the service charge of about AED 19,400 a year.
Sales and rents for 409 over time
409 has sold twice; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in O2 Residence Tower, and where 409 sits
All 66 2-beds →409 last sold in November 2024 at AED 1,255 per sqft, in line with what two-beds in O2 Residence Tower were fetching at the time (AED 1,219). Over the last 12 months two-beds sold for AED 1,950,000 to 2,000,000, around AED 1,297 per sqft, and rent for AED 86,250 to 250,000 a year. 409's AED 100,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 5 Aug 20265 August 2026 | 1,523 sqft | 1,950,000 | 1,280 | ||
| 5 May 20265 May 2026 | 1,523 sqft | 2,000,000 | 1,313 | ||
| 11 Sep 202511 September 2025 | 1,288 sqft | 1,750,000 | 1,358 | ||
| 20 Feb 202520 February 2025 | 1,523 sqft | 1,800,000 | 1,181 |
O2 Residence Tower
Building317 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%
Other units on the 4th floor
All 317 units in O2 Residence Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | Studio | 574 sqft | No registered sale | 60,000 /yr | |
| 402 | 1-bed | 1,080 sqft | No registered sale | 80,000 /yr | |
| 403 | 2-bed | 1,508 sqft | No registered sale | 120,000 /yr | |
| 404 | 2-bed | 1,508 sqft | No registered sale | 125,000 /yr | |
| 405 | 1-bed | 1,080 sqft | No registered sale | 80,000 /yr | |
| 406 | Studio | 574 sqft | No registered sale | 60,000 /yr | |
| 407 | 1-bed | 801 sqft | No registered sale | 75,000 /yr | |
| 408 | 2-bed | 1,335 sqft | No registered sale | 120,000 /yr | |
| 410 | 1-bed | 801 sqft | No registered sale | 80,000 /yr |
409, O2 Residence Tower in numbers
- Sold twice: first on 3 June 2014 for AED 1,801,602, last on 5 November 2024 for AED 1,675,000 (AED 1,255 per sqft).
- Rented since February 2018 on 7 Ejari contracts. The rent fell from AED 105,000 to AED 65,000 in 2021 and recovered to AED 100,000 by July 2024.
- At AED 100,000 a year the gross yield on the 2024 price is 6.0%, before a service charge of about AED 19,400 a year (AED 14.56 per sqft).
- Two-beds in O2 Residence Tower sold for AED 1,950,000–2,000,000 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 5 November 2024.
Questions about 409, O2 Residence Tower
What did unit 409 last sell for?
AED 1,675,000 on 5 November 2024: AED 1,255 per sqft for 1,335 sqft. The unit has 2 registered sales; the first was AED 1,801,602 in June 2014.
What is the rent for unit 409?
AED 100,000 a year on the contract renewed on 18 July 2024. The previous contract, from July 2023, was AED 84,500; the unit has been rented since February 2018.
How big is unit 409?
1,335 sqft (124.0 sqm): a two-bedroom apartment on the 4th floor of a 39-storey tower completed in 2009.
What is unit 409 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in O2 Residence Tower sold for AED 1,950,000 to 2,000,000 in the last 12 months, around AED 1,297 per sqft.
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Mortgage on 409, O2 Residence Tower
Starts from the last sale price (AED 1.68M, 5 November 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,675,000
- Deposit, UAE resident (20%)
- AED 335,000
- Deposit, non-resident (40%)
- AED 670,000
- Monthly over 25 years at 3.7%
- AED 6,853
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →