1-bed · 1,002 sqftLamtara 2, Umm Suqeim Third · 1st floor · completed 2021

103, Lamtara 2

Sold prices and rental history: sold 3 times, last in May 2024, and rented once, from June 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 103 · DLD and Ejari recordsUpdated 29 May 2024
Last soldAED 2.7M29 May 2024
Current rentAED 110K /yr1 June 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 103, Lamtara 2

What is 103 worth today?

Last sold for AED 2,700,000 in 2024

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29 May 2024SoldReady
AED 2,700,000AED 2,694 per sqft
28 Jul 2022SoldReady
AED 1,800,000AED 1,796 per sqft
1 Jun 2022RentedNew contract
AED 110,000/yr12 months · AED 110 per sqft
6 Nov 2019Sold by developerOff-plan
AED 1,219,000AED 1,216 per sqft

Source: Dubai Land Department. Updated 29 May 2024.

Key facts

Type
1-bed apartment
Size
1,002 sqft
Floor
1st of 9
Parking
L1-17
Developer
Jumeirah Hills Development
Completed
2021
Service charge
AED 23,000 /yr
Last sold
AED 2.7M · May 2024
Building
Lamtara 2

About 103, Lamtara 2

103 is a one-bedroom apartment of 1,002 sqft on the 1st floor of Lamtara 2, a 9-storey tower in Umm Suqeim Third completed in 2021 by Jumeirah Hills Development . It last sold on 29 May 2024 for AED 2,700,000, or AED 2,694 per sqft, in line with the AED 2,643 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 June 2022. The current contract, signed on 1 June 2022, is AED 110,000 a year: a gross yield of 4.1% on the 2024 price, before the service charge of about AED 23,000 a year.

Sales and rents for 103 over time

Sales
Unit 103, each saleTypical one-bed in Lamtara 2
1M2M2019202120232025Typical sale price by year: 2019 AED 1,233,000; 2020 AED 1,252,000; 2021 AED 1,400,000; 2022 AED 1,775,000; 2023 AED 2,475,000; 2024 AED 2,600,000Sold by developer, November 2019: AED 1,219,000 (AED 1,216 per sqft)Sold, July 2022: AED 1,800,000 (AED 1,796 per sqft)Sold, May 2024: AED 2,700,000 (AED 2,694 per sqft)

103 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 103, each contractTypical one-bed in Lamtara 2
120K140K202120232025Typical rent by year: 2021 AED 130,000; 2022 AED 125,000; 2023 AED 136,500; 2024 AED 138,000; 2025 AED 137,500New contract, June 2022: AED 110,000 a year

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

1-beds in Lamtara 2, and where 103 sits

All 34 1-beds →

103 last sold in May 2024 at AED 2,694 per sqft, in line with what one-beds in Lamtara 2 were fetching at the time (AED 2,643). Over the last 12 months one-beds sold for AED 2,200,000, around AED 2,850 per sqft, and rent for AED 124,613 to 160,000 a year. 103's AED 110,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
22 Dec 20252,200,000
21 Jul 20253,010,000
15 May 20241,500,000
19 Apr 20242,500,000
1 1-bed sale in the last 12 months

Lamtara 2

Building

99 apartments, 1-bed to 4-bed over 9 floors in Umm Suqeim Third, completed in 2021 by Jumeirah Hills Development . 2 sold in the last 12 months.

Typical price per sqft
AED 2,951
Typical sale
AED 3.18M
Typical rent
AED 220K /yr
Typical yield
5.5%
Lamtara 2, Umm Suqeim Third: prices, sales and rents →

Other units on the 1st floor

All 99 units in Lamtara 2
Value
1012-bedAED 4.58M · Dec 2024
1022-bedAED 2.13M · Jul 2019
1042-bedAED 2.45M · Aug 2021
1051-bedAED 1.32M · Oct 2021
1061-bedAED 2.45M · Feb 2023
1072-bedAED 3.65M · May 2023
1083-bedAED 5.05M · Apr 2022
1–7 of 8

103, Lamtara 2 in numbers

  • Sold 3 times: first on 6 November 2019 for AED 1,219,000, last on 29 May 2024 for AED 2,700,000 (AED 2,694 per sqft).
  • Rented since June 2022 on one Ejari contract, at AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2024 price is 4.1%, before a service charge of about AED 23,000 a year (AED 22.96 per sqft).
  • One-beds in Lamtara 2 sold for AED 2,200,000–2,200,000 in the 12 months to November 2026; the building's median across all types is AED 2,951 per sqft.

Source: Dubai Land Department. Updated 29 May 2024.

Questions about 103, Lamtara 2

What did unit 103 last sell for?

AED 2,700,000 on 29 May 2024: AED 2,694 per sqft for 1,002 sqft. The unit has 3 registered sales; the first was AED 1,219,000 in November 2019.

What is the rent for unit 103?

AED 110,000 a year on the contract signed on 1 June 2022.

How big is unit 103?

1,002 sqft (93.1 sqm): a one-bedroom apartment on the 1st floor of a 9-storey tower completed in 2021.

What is unit 103 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Lamtara 2 sold for AED 2,200,000 to 2,200,000 in the last 12 months, around AED 2,850 per sqft.

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Mortgage on 103, Lamtara 2

Starts from the last sale price (AED 2.7M, 29 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,700,000
Deposit, UAE resident (20%)
AED 540,000
Deposit, non-resident (40%)
AED 1,080,000
Monthly over 25 years at 3.7%
AED 11,047

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