2-bed · 1,352 sqftLamtara 1, Umm Suqeim Third · 4th floor · completed 2021

409, Lamtara 1

Sold prices and rental history: sold twice, last in November 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 409 · DLD and Ejari recordsUpdated 4 November 2022
Last soldAED 4.2M4 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 409, Lamtara 1

What is 409 worth today?

Last sold for AED 4,200,000 in 2022

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4 Nov 2022SoldReady
AED 4,200,000AED 3,106 per sqft
11 Feb 2022Sold by developerReady
AED 2,883,000AED 2,132 per sqft

Source: Dubai Land Department. Updated 4 November 2022.

Key facts

Type
2-bed apartment
Size
1,352 sqft
Floor
4th of 7
Parking
G-02
Developer
Jumeirah Hills Development
Completed
2021
Service charge
AED 31,000 /yr
Last sold
AED 4.2M · November 2022
Building
Lamtara 1

About 409, Lamtara 1

409 is a two-bedroom apartment of 1,352 sqft on the 4th floor of Lamtara 1, a 7-storey tower in Umm Suqeim Third completed in 2021 by Jumeirah Hills Development . It last sold on 4 November 2022 for AED 4,200,000, or AED 3,106 per sqft, 45% above the AED 2,137 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 409 over time

Sales
Unit 409, each saleTypical two-bed in Lamtara 1
3M4M5M202220232024Typical sale price by year: 2022 AED 3,086,000; 2023 AED 4,750,000Sold by developer, February 2022: AED 2,883,000 (AED 2,132 per sqft)Sold, November 2022: AED 4,200,000 (AED 3,106 per sqft)

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

Rents
Unit 409, 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 409 sits

All 22 2-beds →

409 last sold in November 2022 at AED 3,106 per sqft, 45% above what two-beds in Lamtara 1 were fetching at the time (AED 2,137). 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
4022-bedAED 2.89M · Mar 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
1–7 of 9

409, Lamtara 1 in numbers

  • Sold twice: first on 11 February 2022 for AED 2,883,000, last on 4 November 2022 for AED 4,200,000 (AED 3,106 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 4 November 2022.

Questions about 409, Lamtara 1

What did unit 409 last sell for?

AED 4,200,000 on 4 November 2022: AED 3,106 per sqft for 1,352 sqft. The unit has 2 registered sales; the first was AED 2,883,000 in February 2022.

How big is unit 409?

1,352 sqft (125.6 sqm): a two-bedroom apartment on the 4th floor of a 7-storey tower completed in 2021.

What is unit 409 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 409, Lamtara 1

Starts from the last sale price (AED 4.2M, 4 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 4,200,000
Deposit, UAE resident (20%)
AED 840,000
Deposit, non-resident (40%)
AED 1,680,000
Monthly over 25 years at 3.7%
AED 17,184

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