Unit 115, Lavender 1: what it sold for and what it is worth now

Unit 115 at Lavender 1 is a studio of 473 sq ft. It last sold for AED 425,000 on 11 Dec 2024. At AED 959 per sq ft, from 9 sales in the building in the last 24 months (studio), it is worth about AED 454,000 today.

Value todayAED 454,000AED 425,000 to AED 500,000
Last saleAED 425,00011 Dec 2024 · Resale
Change since last sale+6.8%Building trend alone: AED 386,470
Rent (median asking, studio)AED 42,500Gross yield 9.4%
Bedroomsstudio
Size473 sq ft
Floor1 (from the unit number)
Position in the towerStack 15: units ending 15 share the same layout and view
BuildingLavender 1 by DAMAC Properties, handed over 2010
Registered sales of this unit1

Every registered sale of unit 115

DatePriceSizeAED/sq ftType
11 Dec 2024AED 425,000473 sq ft899Resale

Units ending 15 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
31511 Aug 2025AED 500,000473 sq ft1,057Resale

Latest studio sales in Lavender 1

UnitDatePriceSizeAED/sq ftType
30730 Jun 2026AED 535,000538 sq ft994Resale
30629 Oct 2025AED 510,000480 sq ft1,063Resale
31511 Aug 2025AED 500,000473 sq ft1,057Resale
1199 Jul 2025AED 500,000539 sq ft928Resale
2055 May 2025AED 565,000469 sq ft1,205Resale
2052 May 2025AED 450,000469 sq ft959Resale
41025 Feb 2025AED 460,000529 sq ft870Resale
1075 Feb 2025AED 450,000535 sq ft841Resale

How we worked out the value

We took the 9 sales in Lavender 1 in the last 24 months (studio), worked out the price per sq ft of each, and used the middle value (AED 959). We multiplied it by the size of this unit (473 sq ft). The range uses the middle half of those sales (AED 899 to AED 1,057 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 386,470. Floor, view, condition and upgrades can move the price either way. Sales data to 18 Aug 2026, from the Dubai Land Department register.

Questions

What is unit 115 at Lavender 1 worth?

About AED 454,000 (range AED 425,000 to AED 500,000), based on AED 959 per sq ft from registered sales up to 18 Aug 2026.

When did unit 115 last sell?

11 Dec 2024, for AED 425,000 (resale). It has 1 registered sale.

What rent can unit 115 make?

A studio in Lavender 1 rents for about AED 42,500 a year (median asking rent). That is a gross yield of 9.4% on the estimate.

Sales alert for Lavender 1All sales in Lavender 1

Unit 112 · Unit 119