715, Lake View Tower
Sold prices and rental history: sold 3 times, last in May 2022, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 715, Lake View Tower
What is 715 worth today?
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Source: Dubai Land Department. Updated 9 May 2022.
Key facts
- Type
- Studio apartment
- Size
- 420 sqft
- Floor
- 7th of 36
- Parking
- DMCC -2067
- Developer
- DAMAC
- Completed
- 2009
- Service charge
- AED 7,500 /yr
- Last sold
- AED 450K · May 2022
- Building
- Lake View Tower
About 715, Lake View Tower
715 is a studio of 420 sqft on the 7th floor of Lake View Tower, a 36-storey tower in Jumeirah Lake Towers (JLT) completed in 2009 by DAMAC. It last sold on 9 May 2022 for AED 450,000, or AED 1,071 per sqft, 7% above the AED 999 studios in the building were fetching at the time.
It has been rented since 2014 on 2 Ejari contracts. The current contract, signed on 1 January 2017, is AED 63,000 a year: a gross yield of 14.0% on the 2022 price, before the service charge of about AED 7,500 a year.
Sales and rents for 715 over time
715 has sold 3 times; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Lake View Tower, and where 715 sits
All 236 studios →715 last sold in May 2022 at AED 1,071 per sqft, 7% above what studios in Lake View Tower were fetching at the time (AED 999). Over the last 12 months studios sold for AED 615,000 to 898,000, around AED 1,847 per sqft, and rent for AED 42,000 to 105,000 a year. 715's AED 63,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 16 Feb 202616 February 2026 | 420 sqft | 650,000 | 1,547 | ||
| 10 Feb 202610 February 2026 | 420 sqft | 898,000 | 2,138 | ||
| 26 Jan 202626 January 2026 | 416 sqft | 730,000 | 1,754 | ||
| 25 Dec 202525 December 2025 | 420 sqft | 815,000 | 1,940 |
Lake View Tower
Building497 apartments, studios to 2-bed over 36 floors in Jumeirah Lake Towers (JLT), completed in 2009 by DAMAC. 13 sold in the last 12 months.
- Typical price per sqft
- AED 1,303 Down 9.0%
- Typical sale
- AED 975K
- Typical rent
- AED 68K /yr
- Typical yield
- 8.8%
Other units on the 7th floor
All 497 units in Lake View Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 1-bed | 855 sqft | AED 675KAED 675,000 · Jul 2012July 2012 | 80,000 /yr | |
| 702 | Studio | 416 sqft | AED 415KAED 415,000 · Aug 2012August 2012 | 55,000 /yr | |
| 703 | Studio | 420 sqft | AED 223KAED 223,000 · Jun 2010June 2010 | 54,000 /yr | |
| 704 | Studio | 420 sqft | AED 425KAED 425,000 · May 2021May 2021 | 36,000 /yr | |
| 705 | Studio | 210 sqft | AED 323KAED 323,000 · Oct 2009October 2009 | 44,677 /yr | |
| 706 | Studio | 420 sqft | AED 705KAED 705,000 · May 2025May 2025 | 34,500 /yr | |
| 709 | 1-bed | 1,381 sqft | AED 810KAED 810,000 · Aug 2012August 2012 | 95,000 /yr | |
| 710 | 2-bed | 1,392 sqft | AED 1.02MAED 1,017,000 · Jun 2010June 2010 | 120,000 /yr | |
| 711 | 2-bed | 1,392 sqft | AED 1.35MAED 1,350,000 · Apr 2017April 2017 | 120,000 /yr | |
| 712 | 1-bed | 1,381 sqft | AED 1.05MAED 1,050,000 · Feb 2012February 2012 | 110,000 /yr | |
| 716 | Studio | 420 sqft | AED 323KAED 323,000 · Jun 2010June 2010 | 55,000 /yr | |
| 717 | Studio | 420 sqft | AED 510KAED 510,000 · Dec 2012December 2012 | 57,000 /yr | |
| 718 | Studio | 420 sqft | AED 700KAED 700,000 · Oct 2024October 2024 | 70,000 /yr | |
| 719 | Studio | 416 sqft | AED 670KAED 670,000 · May 2024May 2024 | 59,839 /yr | |
| 720 | 1-bed | 855 sqft | AED 1.18MAED 1,180,000 · Jun 2014June 2014 | 80,000 /yr |
715, Lake View Tower in numbers
- Sold 3 times: first on 22 December 2011 for AED 350,000, last on 9 May 2022 for AED 450,000 (AED 1,071 per sqft).
- Rented since January 2014 on 2 Ejari contracts, from AED 30,000 to AED 63,000 a year.
- At AED 63,000 a year the gross yield on the 2022 price is 14.0%, before a service charge of about AED 7,500 a year (AED 17.97 per sqft).
- Studios in Lake View Tower sold for AED 615,000–898,000 in the 12 months to November 2026; the building's median across all types is AED 1,303 per sqft.
Source: Dubai Land Department. Updated 9 May 2022.
Questions about 715, Lake View Tower
What did unit 715 last sell for?
AED 450,000 on 9 May 2022: AED 1,071 per sqft for 420 sqft. The unit has 3 registered sales; the first was AED 350,000 in December 2011.
What is the rent for unit 715?
AED 63,000 a year on the contract signed on 1 January 2017. The previous contract, from January 2014, was AED 30,000.
How big is unit 715?
420 sqft (39.0 sqm): a studio on the 7th floor of a 36-storey tower completed in 2009.
What is unit 715 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Lake View Tower sold for AED 615,000 to 898,000 in the last 12 months, around AED 1,847 per sqft.
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Mortgage on 715, Lake View Tower
Starts from the last sale price (AED 450K, 9 May 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 450,000
- Deposit, UAE resident (20%)
- AED 90,000
- Deposit, non-resident (40%)
- AED 180,000
- Monthly over 25 years at 3.7%
- AED 1,841
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →