1-bed · 774 sqftLamtara 1, Umm Suqeim Third · 2nd floor · completed 2021

206, Lamtara 1

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

Unit 206 · DLD and Ejari recordsUpdated 23 September 2024
Last soldAED 1.56M14 February 2022
Current rentAED 160K /yr23 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 206, Lamtara 1

What is 206 worth today?

Last sold for AED 1,557,000 in 2022

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23 Sep 2024RentedNew contract
AED 160,000/yr12 months · AED 206 per sqft
12 Aug 2024RentedNew contract
AED 298,700/yr12 months · AED 386 per sqft
9 Aug 2024RentedNew contract
AED 298,700/yr12 months · AED 391 per sqft
1 Jul 2023RentedNew contract
AED 159,571/yr12 months · AED 209 per sqft
1 Jul 2022RentedNew contract
AED 180,000/yr12 months · AED 232 per sqft
14 Feb 2022Sold by developerReady
AED 1,557,000AED 2,010 per sqft

Source: Dubai Land Department. Updated 23 September 2024.

Key facts

Type
1-bed apartment
Size
774 sqft
Floor
2nd of 7
Parking
L1-66
Developer
Jumeirah Hills Development
Completed
2021
Service charge
AED 17,800 /yr
Last sold
AED 1.56M · February 2022
Building
Lamtara 1

About 206, Lamtara 1

206 is a one-bedroom apartment of 774 sqft on the 2nd floor of Lamtara 1, a 7-storey tower in Umm Suqeim Third completed in 2021 by Jumeirah Hills Development . The developer sold it on 14 February 2022 for AED 1,557,000, or AED 2,010 per sqft, 6% below the AED 2,131 one-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, signed on 23 September 2024, is AED 160,000 a year: a gross yield of 10.3% on the 2022 price, before the service charge of about AED 17,800 a year.

Sales and rents for 206 over time

Sales
Unit 206, each saleTypical one-bed in Lamtara 1
2M202220242026Typical sale price by year: 2022 AED 2,000,000; 2023 AED 2,485,000; 2024 AED 2,675,000; 2025 AED 2,320,000; 2026 AED 2,300,000Sold by developer, February 2022: AED 1,557,000 (AED 2,010 per sqft)

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

Rents
Unit 206, each contractTypical one-bed in Lamtara 1
100K200K300K202220242026Typical rent by year: 2022 AED 149,000; 2023 AED 169,786; 2024 AED 160,000; 2025 AED 155,000; 2026 AED 115,000New contract, July 2022: AED 180,000 a yearNew contract, July 2023: AED 159,571 a yearNew contract, August 2024: AED 298,700 a yearNew contract, August 2024: AED 298,700 a yearNew contract, September 2024: AED 160,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Lamtara 1, and where 206 sits

All 28 1-beds →

206 last sold in February 2022 at AED 2,010 per sqft, 6% below what one-beds in Lamtara 1 were fetching at the time (AED 2,131). Over the last 12 months one-beds sold for AED 2,100,000 to 3,400,000, around AED 2,977 per sqft, and rent for AED 90,000 to 180,000 a year. 206's AED 160,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
27 Oct 20262,300,000
20 Apr 20262,100,000
8 Jan 20263,400,000
22 Apr 20252,320,000
3 1-bed sales in the last 12 months

Lamtara 1

Building

62 apartments, 1-bed to 4-bed over 7 floors in Umm Suqeim Third, completed in 2021 by Jumeirah Hills Development . 7 sold in the last 12 months.

Typical price per sqft
AED 3,475
Typical sale
AED 4.7M
Typical rent
AED 158K /yr
Typical yield
4.4%
Lamtara 1, Umm Suqeim Third: prices, sales and rents →

Other units on the 2nd floor

All 62 units in Lamtara 1
Value
2011-bedAED 2.7M · Feb 2024
2022-bedAED 4.8M · Oct 2026
2034-bedAED 13.34M · Jun 2024
2043-bedAED 9.65M · Sep 2023
2051-bedAED 1M · Jun 2022
2071-bedAED 2.75M · Dec 2023
2082-bedAED 3.09M · Mar 2022
1–7 of 9

206, Lamtara 1 in numbers

  • Sold once: by Jumeirah Hills Development on 14 February 2022 for AED 1,557,000, or AED 2,010 per sqft.
  • Rented since July 2022 on 5 Ejari contracts, from AED 180,000 to AED 160,000 a year.
  • At AED 160,000 a year the gross yield on the 2022 price is 10.3%, before a service charge of about AED 17,800 a year (AED 22.96 per sqft).
  • One-beds in Lamtara 1 sold for AED 2,100,000–3,400,000 in the 12 months to November 2026; the building's median across all types is AED 3,475 per sqft.

Source: Dubai Land Department. Updated 23 September 2024.

Questions about 206, Lamtara 1

What did unit 206 last sell for?

AED 1,557,000 on 14 February 2022, sold by the developer: AED 2,010 per sqft for 774 sqft. It is the only registered sale of the unit.

What is the rent for unit 206?

AED 160,000 a year on the contract signed on 23 September 2024. The previous contract, from August 2024, was AED 298,700; the unit has been rented since July 2022.

How big is unit 206?

774 sqft (71.9 sqm): a one-bedroom apartment on the 2nd floor of a 7-storey tower completed in 2021.

What is unit 206 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Lamtara 1 sold for AED 2,100,000 to 3,400,000 in the last 12 months, around AED 2,977 per sqft.

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Mortgage on 206, Lamtara 1

Starts from the last sale price (AED 1.56M, 14 February 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,557,000
Deposit, UAE resident (20%)
AED 311,400
Deposit, non-resident (40%)
AED 622,800
Monthly over 25 years at 3.7%
AED 6,370

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