2-bed · 1,370 sqftLamtara 3, Umm Suqeim Third · 7th floor · completed 2021

706, Lamtara 3

Sold prices and rental history: sold once, by the developer in June 2019, and rented once, from November 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 706 · DLD and Ejari recordsUpdated 23 November 2024
Last soldAED 2.11M27 June 2019
Current rentAED 235K /yr23 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 706, Lamtara 3

What is 706 worth today?

Last sold for AED 2,110,000 in 2019

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23 Nov 2024RentedNew contract
AED 235,000/yr12 months · AED 172 per sqft
27 Jun 2019Sold by developerOff-plan
AED 2,110,000AED 1,540 per sqft

Source: Dubai Land Department. Updated 23 November 2024.

Key facts

Type
2-bed apartment
Size
1,370 sqft
Floor
7th of 8
Parking
L1-197
Developer
Jumeirah Hills Development
Completed
2021
Service charge
AED 31,400 /yr
Last sold
AED 2.11M · June 2019
Building
Lamtara 3

About 706, Lamtara 3

706 is a two-bedroom apartment of 1,370 sqft on the 7th floor of Lamtara 3, a 8-storey tower in Umm Suqeim Third completed in 2021 by Jumeirah Hills Development . The developer sold it on 27 June 2019 for AED 2,110,000, or AED 1,540 per sqft, 13% below the AED 1,764 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 23 November 2024. The current contract, signed on 23 November 2024, is AED 235,000 a year: a gross yield of 11.1% on the 2019 price, before the service charge of about AED 31,400 a year.

Sales and rents for 706 over time

Sales
Unit 706, 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 2,110,000 (AED 1,540 per sqft)

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

Rents
Unit 706, each contractTypical two-bed in Lamtara 3
200K225K202220242026Typical rent by year: 2022 AED 190,000; 2023 AED 220,000; 2024 AED 225,000; 2025 AED 221,899; 2026 AED 200,000New contract, November 2024: AED 235,000 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 3, and where 706 sits

All 40 2-beds →

706 last sold in June 2019 at AED 1,540 per sqft, 13% below what two-beds in Lamtara 3 were fetching at the time (AED 1,764). 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. 706's AED 235,000 is in the upper half of that range.

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 7th floor

All 108 units in Lamtara 3
Value
7011-bedAED 1.31M · Jun 2019
7021-bedAED 1.31M · Jun 2019
7032-bedAED 2.55M · Jul 2019
7042-bedAED 2.62M · Jun 2019
7051-bedAED 1.23M · Jun 2019
7073-bedAED 3M · Jun 2019
7083-bedAED 3.92M · Jun 2019
1–7 of 11

706, Lamtara 3 in numbers

  • Sold once: by Jumeirah Hills Development on 27 June 2019 for AED 2,110,000, or AED 1,540 per sqft.
  • Rented since November 2024 on one Ejari contract, at AED 235,000 a year.
  • At AED 235,000 a year the gross yield on the 2019 price is 11.1%, before a service charge of about AED 31,400 a year (AED 22.96 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 23 November 2024.

Questions about 706, Lamtara 3

What did unit 706 last sell for?

AED 2,110,000 on 27 June 2019, sold by the developer: AED 1,540 per sqft for 1,370 sqft. It is the only registered sale of the unit.

What is the rent for unit 706?

AED 235,000 a year on the contract signed on 23 November 2024.

How big is unit 706?

1,370 sqft (127.3 sqm): a two-bedroom apartment on the 7th floor of a 8-storey tower completed in 2021.

What is unit 706 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 706, Lamtara 3

Starts from the last sale price (AED 2.11M, 27 June 2019). Switch to today's estimate once you have unlocked it.
Price
AED 2,110,000
Deposit, UAE resident (20%)
AED 422,000
Deposit, non-resident (40%)
AED 844,000
Monthly over 25 years at 3.7%
AED 8,633

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