2-bed · 1,378 sqftLamtara 2, Umm Suqeim Third · 7th floor · completed 2021

704, Lamtara 2

Sold prices and rental history: sold twice, last in October 2021, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 704 · DLD and Ejari recordsUpdated 13 October 2021
Last soldAED 2.4M13 October 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 704, Lamtara 2

What is 704 worth today?

Last sold for AED 2,400,000 in 2021

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13 Oct 2021SoldReady
AED 2,400,000AED 1,741 per sqft
22 Aug 2019Sold by developerOff-plan
AED 2,177,000AED 1,611 per sqft

Source: Dubai Land Department. Updated 13 October 2021.

Key facts

Type
2-bed apartment
Size
1,378 sqft
Floor
7th of 9
Parking
G-44
Developer
Jumeirah Hills Development
Completed
2021
Service charge
AED 31,600 /yr
Last sold
AED 2.4M · October 2021
Building
Lamtara 2

About 704, Lamtara 2

704 is a two-bedroom apartment of 1,378 sqft on the 7th floor of Lamtara 2, a 9-storey tower in Umm Suqeim Third completed in 2021 by Jumeirah Hills Development . It last sold on 13 October 2021 for AED 2,400,000, or AED 1,741 per sqft, 9% above the AED 1,593 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 704 over time

Sales
Unit 704, each saleTypical two-bed in Lamtara 2
2M3M4M20192021202320252027Typical sale price by year: 2019 AED 2,168,000; 2020 AED 2,421,000; 2021 AED 2,253,000; 2022 AED 2,750,000; 2023 AED 3,800,000; 2024 AED 3,800,000; 2025 AED 4,270,000; 2026 AED 3,340,000Sold by developer, August 2019: AED 2,177,000 (AED 1,611 per sqft)Sold, October 2021: AED 2,400,000 (AED 1,741 per sqft)

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

Rents
Unit 704, each contractTypical two-bed in Lamtara 2
200K2021202320252027Typical rent by year: 2021 AED 183,333; 2022 AED 174,000; 2023 AED 180,000; 2024 AED 210,000; 2025 AED 230,000; 2026 AED 210,000

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

2-beds in Lamtara 2, and where 704 sits

All 41 2-beds →

704 last sold in October 2021 at AED 1,741 per sqft, 9% above what two-beds in Lamtara 2 were fetching at the time (AED 1,593). Over the last 12 months two-beds sold for AED 1,500,000 to 4,350,000, around AED 2,670 per sqft, and rent for AED 30,081 to 325,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
11 Jun 20263,000,000
5 May 20261,500,000
6 Apr 20263,680,000
26 Feb 20264,350,000
5 2-bed sales in the last 12 months

Lamtara 2

Building

99 apartments, 1-bed to 4-bed over 9 floors in Umm Suqeim Third, completed in 2021 by Jumeirah Hills Development . 8 sold in the last 12 months.

Typical price per sqft
AED 2,581
Typical sale
AED 2.6M
Typical rent
AED 208K /yr
Typical yield
6.2%
Lamtara 2, Umm Suqeim Third: prices, sales and rents →

Other units on the 7th floor

All 99 units in Lamtara 2
Value
7011-bedAED 2.4M · Jan 2023
7023-bedAED 3.49M · Apr 2020
7032-bedAED 2.74M · Dec 2021
7051-bedAED 1.75M · Apr 2022
7062-bedAED 2.49M · Jan 2020
7071-bedAED 2.5M · Oct 2022
7081-bedAED 2.5M · Dec 2023
1–7 of 11

704, Lamtara 2 in numbers

  • Sold twice: first on 22 August 2019 for AED 2,177,000, last on 13 October 2021 for AED 2,400,000 (AED 1,741 per sqft).
  • Two-beds in Lamtara 2 sold for AED 1,500,000–4,350,000 in the 12 months to November 2026; the building's median across all types is AED 2,581 per sqft.

Source: Dubai Land Department. Updated 13 October 2021.

Questions about 704, Lamtara 2

What did unit 704 last sell for?

AED 2,400,000 on 13 October 2021: AED 1,741 per sqft for 1,378 sqft. The unit has 2 registered sales; the first was AED 2,177,000 in August 2019.

How big is unit 704?

1,378 sqft (128.0 sqm): a two-bedroom apartment on the 7th floor of a 9-storey tower completed in 2021.

What is unit 704 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Lamtara 2 sold for AED 1,500,000 to 4,350,000 in the last 12 months, around AED 2,670 per sqft.

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Mortgage on 704, Lamtara 2

Starts from the last sale price (AED 2.4M, 13 October 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,400,000
Deposit, UAE resident (20%)
AED 480,000
Deposit, non-resident (40%)
AED 960,000
Monthly over 25 years at 3.7%
AED 9,819

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