2803, Tamweel Tower
Sold prices and rental history: sold once, by the developer in June 2010, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2803, Tamweel Tower
What is 2803 worth today?
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Source: Dubai Land Department. Updated 19 May 2022.
Key facts
- Type
- 3-bed apartment
- Size
- 2,870 sqft
- Floor
- 28th of 33
- Parking
- B3-13,B3-14
- Developer
- Orient Insurance PJSC
- Completed
- 2016
- Service charge
- AED 39,400 /yr
- Last sold
- AED 950K · June 2010
- Building
- Tamweel Tower
About 2803, Tamweel Tower
2803 is a three-bedroom apartment of 2,870 sqft on the 28th floor of Tamweel Tower, a 33-storey tower in Jumeirah Lake Towers (JLT) completed in 2016 by Orient Insurance PJSC. The developer sold it on 27 June 2010 for AED 950,000, or AED 331 per sqft, 4% below the AED 346 three-beds in the building were fetching at the time.
It has been rented since 2017 on 3 Ejari contracts. The current contract, signed on 19 May 2022, is AED 146,000 a year: a gross yield of 15.4% on the 2010 price, before the service charge of about AED 39,400 a year.
Sales and rents for 2803 over time
2803 has sold once; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Tamweel Tower, and where 2803 sits
All 28 3-beds →2803 last sold in June 2010 at AED 331 per sqft, 4% below what three-beds in Tamweel Tower were fetching at the time (AED 346).
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 26 Apr 202426 April 2024 | 2,849 sqft | 4,500,000 | 1,579 | ||
| 28 Jul 202328 July 2023 | 2,870 sqft | 4,000,000 | 1,393 | ||
| 24 Jul 202324 July 2023 | 2,870 sqft | 3,725,000 | 1,297 | ||
| 12 Apr 202312 April 2023 | 2,870 sqft | 3,000,000 | 1,045 |
Tamweel Tower
Building160 apartments, 2-bed to 3-bed over 33 floors in Jumeirah Lake Towers (JLT), completed in 2016 by Orient Insurance PJSC. 7 sold in the last 12 months.
- Typical price per sqft
- AED 1,482
- Typical sale
- AED 3M
- Typical rent
- AED 165K /yr
- Typical yield
- 5.7%
Other units on the 28th floor
All 160 units in Tamweel Tower2803, Tamweel Tower in numbers
- Sold once: by Orient Insurance PJSC on 27 June 2010 for AED 950,000, or AED 331 per sqft.
- Rented since November 2017 on 3 Ejari contracts, from AED 160,000 to AED 146,000 a year.
- At AED 146,000 a year the gross yield on the 2010 price is 15.4%, before a service charge of about AED 39,400 a year (AED 13.74 per sqft).
Source: Dubai Land Department. Updated 19 May 2022.
Questions about 2803, Tamweel Tower
What did unit 2803 last sell for?
AED 950,000 on 27 June 2010, sold by the developer: AED 331 per sqft for 2,870 sqft. It is the only registered sale of the unit.
What is the rent for unit 2803?
AED 146,000 a year on the contract signed on 19 May 2022. The previous contract, from May 2020, was AED 144,000; the unit has been rented since November 2017.
How big is unit 2803?
2,870 sqft (266.6 sqm): a three-bedroom apartment on the 28th floor of a 33-storey tower completed in 2016.
What is unit 2803 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 2803, Tamweel Tower
Starts from the last sale price (AED 950K, 27 June 2010). Switch to today's estimate once you have unlocked it.- Price
- AED 950,000
- Deposit, UAE resident (20%)
- AED 190,000
- Deposit, non-resident (40%)
- AED 380,000
- Monthly over 25 years at 3.7%
- AED 3,887
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →