2-bed · 1,354 sqftLamtara 1, Umm Suqeim Third · 4th floor · completed 2021

402, Lamtara 1

Sold prices and rental history: sold once, by the developer in March 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 402 · DLD and Ejari recordsUpdated 15 March 2022
Last soldAED 2.89M15 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 402, Lamtara 1

What is 402 worth today?

Last sold for AED 2,887,000 in 2022

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15 Mar 2022Sold by developerReady
AED 2,887,000AED 2,131 per sqft

Source: Dubai Land Department. Updated 15 March 2022.

Key facts

Type
2-bed apartment
Size
1,354 sqft
Floor
4th of 7
Parking
G-77
Developer
Jumeirah Hills Development
Completed
2021
Service charge
AED 31,100 /yr
Last sold
AED 2.89M · March 2022
Building
Lamtara 1

About 402, Lamtara 1

402 is a two-bedroom apartment of 1,354 sqft on the 4th floor of Lamtara 1, a 7-storey tower in Umm Suqeim Third completed in 2021 by Jumeirah Hills Development . The developer sold it on 15 March 2022 for AED 2,887,000, or AED 2,131 per sqft, in line with the AED 2,132 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 402 over time

Sales
Unit 402, 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 2,887,000 (AED 2,131 per sqft)

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

Rents
Unit 402, each contractTypical two-bed in Lamtara 1
200K220K2024202520262027Typical rent by year: 2024 AED 229,999; 2025 AED 225,000; 2026 AED 190,000

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 402 sits

All 22 2-beds →

402 last sold in March 2022 at AED 2,131 per sqft, in line with 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.

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 4th floor

All 62 units in Lamtara 1
Value
4012-bedAED 3.6M · Dec 2022
4034-bedAED 13.26M · Oct 2024
4043-bedAED 11.99M · Jun 2022
4051-bedAED 2.01M · Mar 2022
4061-bedAED 2.01M · Apr 2022
4071-bedAED 1.98M · Jan 2022
4082-bedAED 3.98M · May 2022
1–7 of 9

402, Lamtara 1 in numbers

  • Sold once: by Jumeirah Hills Development on 15 March 2022 for AED 2,887,000, or AED 2,131 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 15 March 2022.

Questions about 402, Lamtara 1

What did unit 402 last sell for?

AED 2,887,000 on 15 March 2022, sold by the developer: AED 2,131 per sqft for 1,354 sqft. It is the only registered sale of the unit.

How big is unit 402?

1,354 sqft (125.8 sqm): a two-bedroom apartment on the 4th floor of a 7-storey tower completed in 2021.

What is unit 402 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 402, Lamtara 1

Starts from the last sale price (AED 2.89M, 15 March 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,887,000
Deposit, UAE resident (20%)
AED 577,400
Deposit, non-resident (40%)
AED 1,154,800
Monthly over 25 years at 3.7%
AED 11,812

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