408, Lamaa 1
Sold prices and rental history: sold twice, last in May 2024, and rented once, from October 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 408, Lamaa 1
What is 408 worth today?
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Source: Dubai Land Department. Updated 11 October 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,379 sqft
- Floor
- 4th of 9
- Parking
- B-114
- Developer
- Jumeirah Hills Development
- Completed
- 2026
- Last sold
- AED 3.28M · May 2024
- Building
- Lamaa 1
About 408, Lamaa 1
408 is a two-bedroom apartment of 1,379 sqft on the 4th floor of Lamaa 1, a 9-storey tower in Umm Suqeim Third completed in 2026 by Jumeirah Hills Development . It last sold on 31 May 2024 for AED 3,280,000, or AED 2,376 per sqft, 6% above the AED 2,248 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 11 October 2026. The current contract, signed on 11 October 2026, is AED 190,000 a year: a gross yield of 5.8% on the 2024 price.
Sales and rents for 408 over time
408 has sold twice; the dashed line is the two-bed median of each year in the building.
2-beds in Lamaa 1, and where 408 sits
All 23 2-beds →408 last sold in May 2024 at AED 2,376 per sqft, 6% above what two-beds in Lamaa 1 were fetching at the time (AED 2,248). Over the last 12 months two-beds sold for AED 3,400,000 to 3,600,000, around AED 2,844 per sqft, and rent for AED 190,000 to 190,000 a year.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 29 Jan 202629 January 2026 | 1,108 sqft | 3,400,000 | 3,067 | ||
| 9 Dec 20259 December 2025 | 1,373 sqft | 3,600,000 | 2,621 | ||
| 20 Oct 202520 October 2025 | 1,368 sqft | 3,500,000 | 2,558 | ||
| 13 May 202513 May 2025 | 1,291 sqft | 3,100,000 | 2,400 |
Lamaa 1
Building90 apartments, 1-bed to 4-bed over 9 floors in Umm Suqeim Third, completed in 2026 by Jumeirah Hills Development . 12 sold in the last 12 months.
- Typical price per sqft
- AED 2,676 Up 3.0%
- Typical sale
- AED 3.5M
- Typical rent
- AED 140K /yr
- Typical yield
- 5.1%
Other units on the 4th floor
All 90 units in Lamaa 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 1-bed | 736 sqft | AED 1.93MAED 1,925,000 · May 2024May 2024 | ||
| 402 | 1-bed | 743 sqft | AED 1.91MAED 1,910,000 · Jun 2024June 2024 | 140,000 /yr | |
| 403 | 2-bed | 1,291 sqft | AED 2.91MAED 2,913,000 · Jan 2023January 2023 | ||
| 404 | 3-bed | 1,838 sqft | AED 5.2MAED 5,200,000 · May 2025May 2025 | ||
| 405 | 3-bed | 1,880 sqft | AED 5.5MAED 5,500,000 · Nov 2025November 2025 | ||
| 406 | 2-bed | 1,114 sqft | AED 3.36MAED 3,360,000 · Jan 2025January 2025 | ||
| 407 | 3-bed | 1,832 sqft | AED 4.66MAED 4,655,000 · Sep 2023September 2023 | ||
| 409 | 1-bed | 747 sqft | AED 1.86MAED 1,855,000 · May 2023May 2023 | ||
| 410 | 1-bed | 737 sqft | AED 1.89MAED 1,890,000 · May 2024May 2024 |
408, Lamaa 1 in numbers
- Sold twice: first on 21 December 2022 for AED 3,042,000, last on 31 May 2024 for AED 3,280,000 (AED 2,376 per sqft).
- Rented since October 2026 on one Ejari contract, at AED 190,000 a year.
- At AED 190,000 a year the gross yield on the 2024 price is 5.8%.
- Two-beds in Lamaa 1 sold for AED 3,400,000–3,600,000 in the 12 months to November 2026; the building's median across all types is AED 2,676 per sqft.
Source: Dubai Land Department. Updated 11 October 2026.
Questions about 408, Lamaa 1
What did unit 408 last sell for?
AED 3,280,000 on 31 May 2024: AED 2,376 per sqft for 1,379 sqft. The unit has 2 registered sales; the first was AED 3,042,000 in December 2022.
What is the rent for unit 408?
AED 190,000 a year on the contract signed on 11 October 2026.
How big is unit 408?
1,379 sqft (128.1 sqm): a two-bedroom apartment on the 4th floor of a 9-storey tower completed in 2026.
What is unit 408 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Lamaa 1 sold for AED 3,400,000 to 3,600,000 in the last 12 months, around AED 2,844 per sqft.
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Mortgage on 408, Lamaa 1
Starts from the last sale price (AED 3.28M, 31 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 3,280,000
- Deposit, UAE resident (20%)
- AED 656,000
- Deposit, non-resident (40%)
- AED 1,312,000
- Monthly over 25 years at 3.7%
- AED 13,419
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →