2-bed · 1,992 sqftLamtara 1, Umm Suqeim Third · 2nd floor · completed 2021

209, Lamtara 1

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

Unit 209 · DLD and Ejari recordsUpdated 1 November 2022
Last soldAED 4.01M8 March 2022
Current rentAED 200K /yr1 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 209, Lamtara 1

What is 209 worth today?

Last sold for AED 4,005,000 in 2022

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1 Nov 2022RentedNew contract
AED 200,000/yr12 months · AED 100 per sqft
8 Mar 2022Sold by developerReady
AED 4,005,000AED 2,010 per sqft

Source: Dubai Land Department. Updated 1 November 2022.

Key facts

Type
2-bed apartment
Size
1,992 sqft
Floor
2nd of 7
Parking
L1-12
Developer
Jumeirah Hills Development
Completed
2021
Service charge
AED 45,700 /yr
Last sold
AED 4.01M · March 2022
Building
Lamtara 1

About 209, Lamtara 1

209 is a two-bedroom apartment of 1,992 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 8 March 2022 for AED 4,005,000, or AED 2,010 per sqft, 6% below the AED 2,132 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 November 2022. The current contract, signed on 1 November 2022, is AED 200,000 a year: a gross yield of 5.0% on the 2022 price, before the service charge of about AED 45,700 a year.

Sales and rents for 209 over time

Sales
Unit 209, each saleTypical two-bed in Lamtara 1
3M4M5M202220232024Typical sale price by year: 2022 AED 3,086,000; 2023 AED 4,750,000Sold by developer, March 2022: AED 4,005,000 (AED 2,010 per sqft)

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

Rents
Unit 209, each contractTypical two-bed in Lamtara 1
200K220K202220242026Typical rent by year: 2024 AED 229,999; 2025 AED 225,000; 2026 AED 190,000New contract, November 2022: AED 200,000 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 Lamtara 1, and where 209 sits

All 22 2-beds →

209 last sold in March 2022 at AED 2,010 per sqft, 6% below what two-beds in Lamtara 1 were fetching at the time (AED 2,132). Over the last 12 months two-beds sold for AED 4,700,000 to 4,800,000, around AED 3,098 per sqft, and rent for AED 160,000 to 300,000 a year. 209's AED 200,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
27 Oct 20264,800,000
3 Dec 20254,700,000
28 Sep 20232,947,272
25 Sep 20234,750,000
2 2-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
2061-bedAED 1.56M · Feb 2022
2071-bedAED 2.75M · Dec 2023
1–7 of 9

209, Lamtara 1 in numbers

  • Sold once: by Jumeirah Hills Development on 8 March 2022 for AED 4,005,000, or AED 2,010 per sqft.
  • Rented since November 2022 on one Ejari contract, at AED 200,000 a year.
  • At AED 200,000 a year the gross yield on the 2022 price is 5.0%, before a service charge of about AED 45,700 a year (AED 22.96 per sqft).
  • Two-beds in Lamtara 1 sold for AED 4,700,000–4,800,000 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 1 November 2022.

Questions about 209, Lamtara 1

What did unit 209 last sell for?

AED 4,005,000 on 8 March 2022, sold by the developer: AED 2,010 per sqft for 1,992 sqft. It is the only registered sale of the unit.

What is the rent for unit 209?

AED 200,000 a year on the contract signed on 1 November 2022.

How big is unit 209?

1,992 sqft (185.1 sqm): a two-bedroom apartment on the 2nd floor of a 7-storey tower completed in 2021.

What is unit 209 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Lamtara 1 sold for AED 4,700,000 to 4,800,000 in the last 12 months, around AED 3,098 per sqft.

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Mortgage on 209, Lamtara 1

Starts from the last sale price (AED 4.01M, 8 March 2022). Switch to today's estimate once you have unlocked it.
Price
AED 4,005,000
Deposit, UAE resident (20%)
AED 801,000
Deposit, non-resident (40%)
AED 1,602,000
Monthly over 25 years at 3.7%
AED 16,386

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