Lake View · 2 beds + Maids · Low Floor
Jumeirah Lake Towers· Verified Network· Ref RS-L-11940840
Listing data verified in the last few hours
A 2‑bed, 1,496 sqft JLT apartment priced 36% below market delivers a strong 7.9% gross yield, making it a compelling buy despite modest developer risk.
AI Investor Narrative
Why this listing scores the way it does
The unit offers 2 bedrooms, 3 bathrooms and 1,496 sqft of living space at AED 2,000,000, translating to AED 1,337 per sqft. Internal data shows the district median price per sqft is roughly AED 2,090, meaning this listing is priced about 36% under market – a rare discount in a mature sub‑market like Jumeirah Lake Towers. Its quick 22‑day time on market further signals seller motivation. Internal calculations estimate a gross yield of 7.9%, which is attractive for a ready‑to‑rent asset. After accounting for typical service‑charge, vacancy and management costs (≈1.0–2.0 percentage points), the net yield is likely in the 5.9%–6.9% range, still above many comparable assets in Dubai. Risks are limited but present. The developer, White & Co, is not among the top‑tier Dubai developers, introducing a medium‑level credit risk. JLT has a high inventory of similar units, creating a low‑severity oversupply concern. The internal risk index of 28 and a solid location score of 80 mitigate these factors. Overall, the property scores 82 on the internal overall rubric, driven by its price advantage, location quality and yield potential. The combination of a sizable discount, strong gross yield and manageable risks supports a STRONG_BUY recommendation.
Deal signals
- underpriced80/100
priceVsMarket -36% shows price per sqft AED 1,337 is 36% below district median ~AED 2,090
- high yield70/100
internal_estimated_yield 7.9% gross yield
Risk flags
- developer creditmedium
Developer White & Co has limited track record in Dubai
- oversupplylow
JLT has high unit inventory, modest impact on this specific unit
Comparables
Negotiation playbook
Lead with conditions, not price. Ask for service-charge clarity, payment-plan flexibility and any developer cash incentives before discussing a discount.
Seller-intent signals
Signal strength: 60/100 · 2 indicators
Verdict
Yield forecast
3-year appreciation
Market pulse · Jumeirah Lake Towers
Sentiment +0 · stable
With no recent listings and missing price or absorption metrics, the market signal is muted. Investors should treat the next 12 months as uncertain and watch for any policy or supply changes before committing.
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SELECTED PROPERTY
Lake View · 2 beds + Maids · Low Floor
Intel Score: 82/100
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