506, Lamaa 1
Sold prices and rental history: sold once, by the developer in December 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Lamaa 1
What is 506 worth today?
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Source: Dubai Land Department. Updated 27 December 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 1,114 sqft
- Floor
- 5th of 9
- Parking
- 1
- Developer
- Jumeirah Hills Development
- Completed
- 2026
- Last sold
- AED 2.41M · December 2022
- Building
- Lamaa 1
About 506, Lamaa 1
506 is a two-bedroom apartment of 1,114 sqft on the 5th floor of Lamaa 1, a 9-storey tower in Umm Suqeim Third completed in 2026 by Jumeirah Hills Development . The developer sold it on 27 December 2022 for AED 2,409,000, or AED 2,163 per sqft, in line with the AED 2,200 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 506 over time
506 has sold once; the dashed line is the two-bed median of each year in the building.
2-beds in Lamaa 1, and where 506 sits
All 23 2-beds →506 last sold in December 2022 at AED 2,163 per sqft, in line with what two-beds in Lamaa 1 were fetching at the time (AED 2,200). 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 5th floor
All 90 units in Lamaa 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 736 sqft | AED 1.67MAED 1,666,000 · Dec 2022December 2022 | ||
| 502 | 1-bed | 743 sqft | AED 2.1MAED 2,100,000 · Aug 2024August 2024 | ||
| 503 | 2-bed | 1,293 sqft | AED 2.93MAED 2,930,000 · Jan 2023January 2023 | ||
| 504 | 3-bed | 1,841 sqft | AED 4.33MAED 4,334,000 · Jan 2023January 2023 | ||
| 505 | 3-bed | 1,880 sqft | AED 4.3MAED 4,296,000 · Dec 2022December 2022 | ||
| 507 | 4-bed | 3,297 sqft | AED 8.23MAED 8,229,000 · Jan 2024January 2024 | ||
| 508 | 1-bed | 747 sqft | AED 1.72MAED 1,722,000 · Mar 2023March 2023 | ||
| 509 | 1-bed | 737 sqft | AED 2.35MAED 2,350,000 · Feb 2026February 2026 |
506, Lamaa 1 in numbers
- Sold once: by Jumeirah Hills Development on 27 December 2022 for AED 2,409,000, or AED 2,163 per sqft.
- 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 27 December 2022.
Questions about 506, Lamaa 1
What did unit 506 last sell for?
AED 2,409,000 on 27 December 2022, sold by the developer: AED 2,163 per sqft for 1,114 sqft. It is the only registered sale of the unit.
How big is unit 506?
1,114 sqft (103.5 sqm): a two-bedroom apartment on the 5th floor of a 9-storey tower completed in 2026.
What is unit 506 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 506, Lamaa 1
Starts from the last sale price (AED 2.41M, 27 December 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,409,000
- Deposit, UAE resident (20%)
- AED 481,800
- Deposit, non-resident (40%)
- AED 963,600
- Monthly over 25 years at 3.7%
- AED 9,856
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →