2-bed · 1,308 sqftLaya Residences, Jumeirah Village Circle (JVC) · 2nd floor · completed 2017

218, Laya Residences

Sold prices and rental history: sold twice, last in November 2023, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 218 · DLD and Ejari recordsUpdated 9 November 2023
Last soldAED 1.05M9 November 2023
Current rentAED 78K /yr31 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 218, Laya Residences

What is 218 worth today?

Last sold for AED 1,050,000 in 2023

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9 Nov 2023SoldReady
AED 1,050,000AED 802 per sqft
31 Aug 2022RentedRenewal
AED 78,000/yr12 months · AED 59 per sqft
31 Aug 2021RentedRenewal
AED 78,000/yr12 months · AED 59 per sqft
31 Aug 2020RentedRenewal
AED 78,000/yr12 months · AED 59 per sqft
31 Aug 2019RentedNew contract
AED 78,000/yr12 months · AED 59 per sqft
28 May 2017RentedNew contract
AED 105,000/yr12 months · AED 80 per sqft
8 May 2017Sold by developerReady
AED 1,240,000AED 947 per sqft

Source: Dubai Land Department. Updated 9 November 2023.

Key facts

Type
2-bed apartment
Size
1,308 sqft
Floor
2nd of 4
Parking
B-68
Developer
Laya Developers
Completed
2017
Service charge
AED 22,500 /yr
Last sold
AED 1.05M · November 2023

About 218, Laya Residences

218 is a two-bedroom apartment of 1,308 sqft on the 2nd floor of Laya Residences, a 4-storey tower in Jumeirah Village Circle (JVC) completed in 2017 by Laya Developers . It last sold on 9 November 2023 for AED 1,050,000, or AED 802 per sqft, 8% above the AED 741 two-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 5 Ejari contracts. The current contract, renewed on 31 August 2022, is AED 78,000 a year: a gross yield of 7.4% on the 2023 price, before the service charge of about AED 22,500 a year.

Sales and rents for 218 over time

Sales
Unit 218, each saleTypical two-bed in Laya Residences
1M1.2M2017202020232026Typical sale price by year: 2017 AED 1,240,000; 2018 AED 1,243,000; 2019 AED 1,100,000; 2023 AED 1,010,000; 2024 AED 1,250,000; 2025 AED 1,340,000Sold by developer, May 2017: AED 1,240,000 (AED 947 per sqft)Sold, November 2023: AED 1,050,000 (AED 802 per sqft)

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

Rents
Unit 218, each contractTypical two-bed in Laya Residences
80K100K2017202020232026Typical rent by year: 2017 AED 105,000; 2018 AED 105,000; 2019 AED 70,000; 2020 AED 69,500; 2021 AED 69,000; 2022 AED 74,000; 2023 AED 82,000; 2024 AED 88,120; 2025 AED 96,000; 2026 AED 103,750New contract, May 2017: AED 105,000 a yearNew contract, August 2019: AED 78,000 a yearRenewal, August 2020: AED 78,000 a yearRenewal, August 2021: AED 78,000 a yearRenewal, August 2022: AED 78,000 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 Laya Residences, and where 218 sits

All 26 2-beds →

218 last sold in November 2023 at AED 802 per sqft, 8% above what two-beds in Laya Residences were fetching at the time (AED 741). Over the last 12 months two-beds sold for AED 1,290,000 to 1,550,000, around AED 979 per sqft, and rent for AED 85,000 to 125,000 a year. 218's AED 78,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
4 Nov 20261,450,000
26 Dec 20251,550,000
21 Nov 20251,300,000
14 Nov 20251,290,000
4 2-bed sales in the last 12 months

Laya Residences

Building

164 apartments, 1-bed to 2-bed over 4 floors in Jumeirah Village Circle (JVC), completed in 2017 by Laya Developers . 20 sold in the last 12 months.

Typical price per sqft
AED 922 Up 10.1%
Typical sale
AED 925K
Typical rent
AED 72K /yr
Typical yield
7.7%
Laya Residences, Jumeirah Village Circle (JVC): prices, sales and rents →

Other units on the 2nd floor

All 164 units in Laya Residences
Value
2011-bedAED 441K · Sep 2017
2022-bedAED 1.47M · May 2017
2031-bedAED 750K · Dec 2023
2041-bedAED 910K · Mar 2026
2052-bedAED 1.25M · Dec 2024
2062-bedAED 1.22M · Apr 2017
2071-bedAED 852K · May 2017
1–7 of 33

218, Laya Residences in numbers

  • Sold twice: first on 8 May 2017 for AED 1,240,000, last on 9 November 2023 for AED 1,050,000 (AED 802 per sqft).
  • Rented since May 2017 on 5 Ejari contracts, from AED 105,000 to AED 78,000 a year.
  • At AED 78,000 a year the gross yield on the 2023 price is 7.4%, before a service charge of about AED 22,500 a year (AED 17.23 per sqft).
  • Two-beds in Laya Residences sold for AED 1,290,000–1,550,000 in the 12 months to November 2026; the building's median across all types is AED 922 per sqft.

Source: Dubai Land Department. Updated 9 November 2023.

Questions about 218, Laya Residences

What did unit 218 last sell for?

AED 1,050,000 on 9 November 2023: AED 802 per sqft for 1,308 sqft. The unit has 2 registered sales; the first was AED 1,240,000 in May 2017.

What is the rent for unit 218?

AED 78,000 a year on the contract renewed on 31 August 2022. The previous contract, from August 2021, was AED 78,000; the unit has been rented since May 2017.

How big is unit 218?

1,308 sqft (121.5 sqm): a two-bedroom apartment on the 2nd floor of a 4-storey tower completed in 2017.

What is unit 218 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Laya Residences sold for AED 1,290,000 to 1,550,000 in the last 12 months, around AED 979 per sqft.

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Mortgage on 218, Laya Residences

Starts from the last sale price (AED 1.05M, 9 November 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,050,000
Deposit, UAE resident (20%)
AED 210,000
Deposit, non-resident (40%)
AED 420,000
Monthly over 25 years at 3.7%
AED 4,296

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