2-bed · 1,471 sqftLamtara 3, Umm Suqeim Third · 8th floor · completed 2021

804, Lamtara 3

Sold prices and rental history: sold twice, last in September 2022, and rented once, from November 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 804 · DLD and Ejari recordsUpdated 21 November 2022
Last soldAED 4M2 September 2022
Current rentAED 255K /yr21 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 804, Lamtara 3

What is 804 worth today?

Last sold for AED 4,000,000 in 2022

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21 Nov 2022RentedNew contract
AED 255,000/yr12 months · AED 173 per sqft
2 Sep 2022SoldReady
AED 4,000,000AED 2,718 per sqft
13 Apr 2020Sold by developerOff-plan
AED 2,640,000AED 1,794 per sqft

Source: Dubai Land Department. Updated 21 November 2022.

Key facts

Type
2-bed apartment
Size
1,471 sqft
Floor
8th of 8
Parking
L1-93
Developer
Jumeirah Hills Development
Completed
2021
Service charge
AED 33,800 /yr
Last sold
AED 4M · September 2022
Building
Lamtara 3

About 804, Lamtara 3

804 is a two-bedroom apartment of 1,471 sqft on the 8th floor of Lamtara 3, a 8-storey tower in Umm Suqeim Third completed in 2021 by Jumeirah Hills Development . It last sold on 2 September 2022 for AED 4,000,000, or AED 2,718 per sqft, 31% above the AED 2,079 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 21 November 2022. The current contract, signed on 21 November 2022, is AED 255,000 a year: a gross yield of 6.4% on the 2022 price, before the service charge of about AED 33,800 a year.

Sales and rents for 804 over time

Sales
Unit 804, 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, April 2020: AED 2,640,000 (AED 1,794 per sqft)Sold, September 2022: AED 4,000,000 (AED 2,718 per sqft)

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

Rents
Unit 804, each contractTypical two-bed in Lamtara 3
200K250K202220242026Typical 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 2022: AED 255,000 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 804 sits

All 40 2-beds →

804 last sold in September 2022 at AED 2,718 per sqft, 31% above what two-beds in Lamtara 3 were fetching at the time (AED 2,079). 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. 804's AED 255,000 is at the top 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 8th floor

All 108 units in Lamtara 3
Value
8011-bedAED 2.1M · May 2024
8021-bedAED 1.33M · Aug 2019
8032-bedAED 4.5M · Feb 2023
8051-bedAED 1.24M · Apr 2020
8062-bedAED 2.13M · Nov 2019
8073-bedAED 7.9M · Jul 2022
8084-bedAED 4.97M · Sep 2019

804, Lamtara 3 in numbers

  • Sold twice: first on 13 April 2020 for AED 2,640,000, last on 2 September 2022 for AED 4,000,000 (AED 2,718 per sqft).
  • Rented since November 2022 on one Ejari contract, at AED 255,000 a year.
  • At AED 255,000 a year the gross yield on the 2022 price is 6.4%, before a service charge of about AED 33,800 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 21 November 2022.

Questions about 804, Lamtara 3

What did unit 804 last sell for?

AED 4,000,000 on 2 September 2022: AED 2,718 per sqft for 1,471 sqft. The unit has 2 registered sales; the first was AED 2,640,000 in April 2020.

What is the rent for unit 804?

AED 255,000 a year on the contract signed on 21 November 2022.

How big is unit 804?

1,471 sqft (136.7 sqm): a two-bedroom apartment on the 8th floor of a 8-storey tower completed in 2021.

What is unit 804 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 804, Lamtara 3

Starts from the last sale price (AED 4M, 2 September 2022). Switch to today's estimate once you have unlocked it.
Price
AED 4,000,000
Deposit, UAE resident (20%)
AED 800,000
Deposit, non-resident (40%)
AED 1,600,000
Monthly over 25 years at 3.7%
AED 16,365

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