2-bed · 1,206 sqftLa Cote Building 4, La Mer · 3rd floor · completed 2021

316, La Cote Building 4

Sold prices and rental history: sold once, by the developer in May 2019, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 316 · DLD and Ejari recordsUpdated 1 August 2024
Last soldAED 1.89M9 May 2019
Current rentAED 180K /yr1 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 316, La Cote Building 4

What is 316 worth today?

Last sold for AED 1,885,000 in 2019

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1 Aug 2024RentedRenewal
AED 180,000/yr12 months · AED 149 per sqft
1 Aug 2023RentedRenewal
AED 180,000/yr12 months · AED 149 per sqft
1 Aug 2022RentedNew contract
AED 135,000/yr12 months · AED 112 per sqft
9 May 2019Sold by developerOff-plan
AED 1,885,000AED 1,563 per sqft

Source: Dubai Land Department. Updated 1 August 2024.

Key facts

Type
2-bed apartment
Size
1,206 sqft
Floor
3rd of 5
Parking
C-022
Developer
PDLM Residential
Completed
2021
Last sold
AED 1.89M · May 2019

About 316, La Cote Building 4

316 is a two-bedroom apartment of 1,206 sqft on the 3rd floor of La Cote Building 4, a 5-storey tower in La Mer completed in 2021 by PDLM Residential . The developer sold it on 9 May 2019 for AED 1,885,000, or AED 1,563 per sqft, 6% below the AED 1,667 two-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 1 August 2024, is AED 180,000 a year: a gross yield of 9.6% on the 2019 price.

Sales and rents for 316 over time

Sales
Unit 316, each saleTypical two-bed in La Cote Building 4
2M3M4M2019202120232025Typical sale price by year: 2019 AED 2,308,000; 2020 AED 2,106,620; 2021 AED 2,270,000; 2022 AED 2,900,000; 2023 AED 3,450,000; 2024 AED 3,750,000; 2025 AED 3,500,000Sold by developer, May 2019: AED 1,885,000 (AED 1,563 per sqft)

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

Rents
Unit 316, each contractTypical two-bed in La Cote Building 4
150K175K202220242026Typical rent by year: 2022 AED 150,000; 2023 AED 169,125; 2024 AED 173,250; 2025 AED 187,500; 2026 AED 175,000New contract, August 2022: AED 135,000 a yearRenewal, August 2023: AED 180,000 a yearRenewal, August 2024: AED 180,000 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 La Cote Building 4, and where 316 sits

All 44 2-beds →

316 last sold in May 2019 at AED 1,563 per sqft, 6% below what two-beds in La Cote Building 4 were fetching at the time (AED 1,667). Over the last 12 months two-beds sold for AED 3,500,000 to 3,900,000, around AED 3,040 per sqft, and rent for AED 142,000 to 252,000 a year. 316's AED 180,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
4 Feb 20263,900,000
19 Jan 20263,500,000
24 Apr 20253,500,000
7 Apr 20253,250,000
2 2-bed sales in the last 12 months

La Cote Building 4

Building

77 apartments, 1-bed to 4-bed over 5 floors in La Mer, completed in 2021 by PDLM Residential . 6 sold in the last 12 months.

Typical price per sqft
AED 2,614
Typical sale
AED 2.49M
Typical rent
AED 165K /yr
Typical yield
5.7%
La Cote Building 4, La Mer: prices, sales and rents →

Other units on the 3rd floor

All 77 units in La Cote Building 4
Value
3013-bedAED 3.93M · Apr 2021
3023-bedAED 3.92M · Apr 2021
3031-bedAED 1.33M · May 2019
3042-bedAED 3.75M · Jun 2024
3052-bedAED 2.56M · May 2019
3062-bedAED 2.32M · Nov 2019
3072-bedAED 2.13M · Jul 2019
1–7 of 15

316, La Cote Building 4 in numbers

  • Sold once: by PDLM Residential on 9 May 2019 for AED 1,885,000, or AED 1,563 per sqft.
  • Rented since August 2022 on 3 Ejari contracts, from AED 135,000 to AED 180,000 a year.
  • At AED 180,000 a year the gross yield on the 2019 price is 9.6%.
  • Two-beds in La Cote Building 4 sold for AED 3,500,000–3,900,000 in the 12 months to November 2026; the building's median across all types is AED 2,614 per sqft.

Source: Dubai Land Department. Updated 1 August 2024.

Questions about 316, La Cote Building 4

What did unit 316 last sell for?

AED 1,885,000 on 9 May 2019, sold by the developer: AED 1,563 per sqft for 1,206 sqft. It is the only registered sale of the unit.

What is the rent for unit 316?

AED 180,000 a year on the contract renewed on 1 August 2024. The previous contract, from August 2023, was AED 180,000; the unit has been rented since August 2022.

How big is unit 316?

1,206 sqft (112.0 sqm): a two-bedroom apartment on the 3rd floor of a 5-storey tower completed in 2021.

What is unit 316 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in La Cote Building 4 sold for AED 3,500,000 to 3,900,000 in the last 12 months, around AED 3,040 per sqft.

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Mortgage on 316, La Cote Building 4

Starts from the last sale price (AED 1.89M, 9 May 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,885,000
Deposit, UAE resident (20%)
AED 377,000
Deposit, non-resident (40%)
AED 754,000
Monthly over 25 years at 3.7%
AED 7,712

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