2-bed · 1,473 sqftLamtara 3, Umm Suqeim Third · 5th floor · completed 2021

504, Lamtara 3

Sold prices and rental history: sold twice, last in February 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 504 · DLD and Ejari recordsUpdated 29 February 2024
Last soldAED 4.69M29 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 504, Lamtara 3

What is 504 worth today?

Last sold for AED 4,691,000 in 2024

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29 Feb 2024SoldReady
AED 4,691,000AED 3,184 per sqft
27 Jun 2019Sold by developerOff-plan
AED 2,600,000AED 1,764 per sqft

Source: Dubai Land Department. Updated 29 February 2024.

Key facts

Type
2-bed apartment
Size
1,473 sqft
Floor
5th of 8
Parking
L1-100
Developer
Jumeirah Hills Development
Completed
2021
Service charge
AED 33,800 /yr
Last sold
AED 4.69M · February 2024
Building
Lamtara 3

About 504, Lamtara 3

504 is a two-bedroom apartment of 1,473 sqft on the 5th floor of Lamtara 3, a 8-storey tower in Umm Suqeim Third completed in 2021 by Jumeirah Hills Development . It last sold on 29 February 2024 for AED 4,691,000, or AED 3,184 per sqft, 20% above the AED 2,647 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 504 over time

Sales
Unit 504, each saleTypical two-bed in Lamtara 3
2M4M2019202120232025Typical sale price by year: 2019 AED 2,244,500; 2020 AED 2,541,000; 2021 AED 2,507,000; 2022 AED 3,100,000; 2023 AED 4,025,000; 2024 AED 4,545,500Sold by developer, June 2019: AED 2,600,000 (AED 1,764 per sqft)Sold, February 2024: AED 4,691,000 (AED 3,184 per sqft)

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

Rents
Unit 504, each contractTypical two-bed in Lamtara 3
200K220K202220242026Typical rent by year: 2022 AED 190,000; 2023 AED 220,000; 2024 AED 225,000; 2025 AED 221,899; 2026 AED 200,000

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

2-beds in Lamtara 3, and where 504 sits

All 40 2-beds →

504 last sold in February 2024 at AED 3,184 per sqft, 20% above what two-beds in Lamtara 3 were fetching at the time (AED 2,647). Over the last 12 months two-beds sold for AED 4,000,000, around AED 2,931 per sqft, and rent for AED 100,000 to 250,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
2 Sep 20264,000,000
22 Apr 20254,100,000
28 Mar 20253,850,000
26 Dec 20244,400,000
1 2-bed sale in the last 12 months

Lamtara 3

Building

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

Typical price per sqft
AED 3,081
Typical sale
AED 6.55M
Typical rent
AED 125K /yr
Typical yield
4.8%
Lamtara 3, Umm Suqeim Third: prices, sales and rents →

Other units on the 5th floor

All 108 units in Lamtara 3
Value
5011-bedAED 1.3M · Apr 2022
5021-bedAED 1.82M · Nov 2022
5032-bedAED 2.53M · Jan 2020
5051-bedAED 1.22M · Sep 2019
5062-bedAED 5M · May 2024
5073-bedAED 2.97M · Sep 2019
5083-bedAED 3.47M · Oct 2019
1–7 of 13

504, Lamtara 3 in numbers

  • Sold twice: first on 27 June 2019 for AED 2,600,000, last on 29 February 2024 for AED 4,691,000 (AED 3,184 per sqft).
  • Two-beds in Lamtara 3 sold for AED 4,000,000–4,000,000 in the 12 months to November 2026; the building's median across all types is AED 3,081 per sqft.

Source: Dubai Land Department. Updated 29 February 2024.

Questions about 504, Lamtara 3

What did unit 504 last sell for?

AED 4,691,000 on 29 February 2024: AED 3,184 per sqft for 1,473 sqft. The unit has 2 registered sales; the first was AED 2,600,000 in June 2019.

How big is unit 504?

1,473 sqft (136.8 sqm): a two-bedroom apartment on the 5th floor of a 8-storey tower completed in 2021.

What is unit 504 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Lamtara 3 sold for AED 4,000,000 to 4,000,000 in the last 12 months, around AED 2,931 per sqft.

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Mortgage on 504, Lamtara 3

Starts from the last sale price (AED 4.69M, 29 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 4,691,000
Deposit, UAE resident (20%)
AED 938,200
Deposit, non-resident (40%)
AED 1,876,400
Monthly over 25 years at 3.7%
AED 19,192

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