Armada Towers
أبراج أرماداMOHAMMAD RAHIF HAKMI · Home sales since 2009 · mostly resales in the 12 months to 4 Sep 2026
Dubai Land Department data shows the typical sale price (the median, ready and off-plan homes together) in Armada Towers was AED 1,332/sqft in Feb 2026, from 6 home sales recorded.
The Land Department’s record
completed per the Land Department · 100% complete · buildings · 1,168 units · 1 building · DLD target completion January 2010
Registered developer: MOHAMMAD RAHIF HAKMI (DLD no. 315)
Master developer: DUBAI MULTI COMMODITIES CENTER (DLD no. 153)
Zoned by Dubai Municipality
From the Land Department’s projects file, file dated 15 June 2026.
Street View imagery near Armada Towers, via Google — the nearest public-road vantage point, not necessarily the building's own frontage.
AED 1,332/sqft
Feb 2026 · 6 home sales
+13.7%
Jul 2022 to Feb 2026, scaled up to a year
185 months
Recorded home resales here fall in 185 months, Sep 2009 to Sep 2026. The growth beside this is drawn from the months with 5 or more of them; a figure for what they will do next is a scenario you set on the returns page.
Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
What would this size cost?
Enter the size from the brochure or the floor plan. We price it against what homes of that size actually sold for in Armada Towers — not an asking price, and not this project’s overall typical price, which mixes every size together.
Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
Price per sqft trend
Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
What it returns
A year of rent compared with what completed homes of that size actually sold for in Armada Towers over the same twelve months. Prices are this project’s own recorded ready-home sales. Off-plan sales are left out because rent is paid on built homes. Rents marked this building are new rent contracts recorded in Armada Towers itself. The rest are homes of the same size in Jumeirah Lakes Towers, used where Ejari did not name the building. A red (i) marks a figure that rests on few records, with how many.
| Size | Price now, ready homes | Rents for | Yield before costs | Ready sales, 12 months |
|---|---|---|---|---|
| Studio | AED 727.5K | AED 54,000/yrthis building · 20 new lets | 7.4% | 6 |
| 1 bed | AED 1.13M | AED 83,000/yrthis building · 91 new lets | 7.4% | 12 |
| 2 beds | AED 1.69M | AED 125,000/yrthis building · 28 new lets | 7.4% | 8 |
Why this is lower than yields quoted elsewhere
The usual shortcut divides today’s rent by an average price. In a market that has risen as far as Dubai’s, the average is a historical price. Worked out with the typical price across every sale on record (AED 883.75K), a 1 bed here reads 9.4% instead of 7.4%. The yield in the table above uses the AED 1.13M a completed one costs today. Every figure above uses the same twelve months, and completed homes only, on both sides.
What it returns after service charges
Starting from the typical owners’ association budget in this area — AED 17/sqft across 19 projects, recorded for 2022–2026 (12 for 2026). Charges have risen since then, so replace it with your own invoice if you have one. How to check it.
| Size | Charge / year | Rent after it | Yield before costs | Yield after service charge |
|---|---|---|---|---|
| 1 bed | AED 14,749 | AED 68,251 | 7.4% | 6.1% |
Only the service charge is taken off.
A separate reserve-fund line appears in 19 of the 19 project budgets counted together here; the middle of those is AED 1.4/sqft.
Yield before costs: a year of rent as a share of the price.
Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
Dubai Land Department · rent contracts Ejari (Dubai's rent registration system) contracts · agreed rents, not advertised ones. File dated 10 Oct 2026 · synced 11 Oct 2026.
Dubai Land Department · association budgets Owners' association budgets, as recorded · a budget figure, not a price. File dated 22 Sep 2026 · synced 24 Sep 2026.
Common questions about Armada Towers
How much does a home in Armada Towers cost?
Over the last twelve months, the typical price (the median: half sold for more than this, half for less) of a completed home in Armada Towers was AED 1.13M for a 1-bedroom (12 ready sales). These come from sales recorded by the Dubai Land Department. They are what buyers paid, not asking prices. Only completed homes are counted: off-plan sales are left out, because they sell at a premium and are not the same purchase.
How much is rent in Armada Towers?
The typical rent (the median: half of the rent contracts were above this, half below) in Armada Towers is AED 83,000/yr for a 1-bedroom (91 new tenancies recorded in Armada Towers itself). These rents come from the new rent contracts recorded in Ejari (Dubai's rent registration system) over the last twelve months. They are what tenants agreed to pay, not advertised asking rents. Ejari names the building on these contracts, so every figure above is a tenancy recorded in Armada Towers itself.
What rental yield does Armada Towers give?
The yield before costs on completed homes in Armada Towers is about 7.4% on a 1-bedroom. That is a year of rent divided by what completed homes of that size sold for over the same twelve months. Rent and price both come from the same period, which is why these read lower than yields quoted against an all-time average price. Service charges, agency commission and empty periods are not taken off, and in Dubai the service charge alone commonly takes a fifth to a third of the rent.
Is Armada Towers selling off-plan or as resales?
0% of the 26 home sales recorded in Armada Towers in the 12 months to 4 Sep 2026 were off-plan, and the rest were recorded as existing property rather than off-plan. That period ends at this project's own newest recorded home sale rather than today, so a development that finished selling years ago still reports the year it was actually trading.
When did Armada Towers start selling?
The Land Department's register holds 879 home sales in Armada Towers. The earliest was recorded in Sep 2009 and the newest in Sep 2026. That is when a home sale here was first recorded. It is not the same as when the project launched or completed: the register of sales carries no build date, so we do not publish one.
Due diligence
Price vs. Jumeirah Lakes Towers typical price
-19.9%
Priced at or below the area's typical price. Feb 2026: 6 sales here against 179 in the area.
Developer track record
1,320 recorded sales
Matched to MOHAMMAD RAHIF HAKMI, across the 2 companies Keyva groups under that name, Oct 2008 to 21 Sep 2026.
1 completed · 1 off-plan/in progress
Full track record →Verify before you commit
Permit, title, broker license, escrow — the free checks you can run yourself.
Verification guide →Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
Dubai Land Department · project register The Land Department's project register · the status as the developer recorded it. File dated 15 Jun 2026 · synced 26 Sep 2026. The file date is the date carried on the rows themselves; the sync is when Keyva last loaded that file.
Dubai Land Department · developer register The Land Department's developer register. File dated 1 Oct 2026 · synced 3 Oct 2026.
Handover competition
High competitionWhen Armada Towers handed over in January 2010, 9 other projects in Jumeirah Lakes Towers had a handover date on record within six months either side — a reference point for how crowded that period was. The Land Department's projects file of 15 Jun 2026 lists 19 other projects in Jumeirah Lakes Towers as not yet finished. None of the 9 listed below is among them.
Lake Shore Tower
AL BODOR REAL ESTATE DEVELOPMENT LIMITED
Gold Crest Executive
STAR GIGAESTABLISHMENT LIMITED
V3
SHEIKH SUROOR BIN MOHD ALNEHAYAN
Jumeirah Business Centre 5
AL FAJER PROPERTIES (L. L. C)
Global Lake View
VENUS INTERNATIONAL HOLDING LTD
Jumeirah Business Centre2
AL FAJER PROPERTIES (L. L. C)
Gold Crest Views2
STAR GIGAESTABLISHMENT LIMITED
New Dubai Gate1
BONYAN INTERNATIONAL INVESTMENT GROUP (HOLDING) (L.L.C)
Jumeirah Business Centre 4
AL FAJER PROPERTIES (L. L. C)
Dubai Land Department · project register The Land Department's project register · the status as the developer recorded it. File dated 15 Jun 2026 · synced 26 Sep 2026. The file date is the date carried on the rows themselves; the sync is when Keyva last loaded that file.
What's around this property
Transport, schools, healthcare, and daily essentials within 3 km.
597 m
Sobha Realty
1.5 km
Emirates International School - Meadows
995 m
Lux Aeterna Clinic
71 m
Carrefour Market
Metro stations
- Sobha Realty597 m
- DMCC814 m
- DMCC814 m
- DMCC815 m
Schools
- Emirates International School - Meadows1.5 km
Hospitals & clinics
- Lux Aeterna Clinic995 m
- Health Avenue Polyclinics1.2 km
- Emirates Hospital1.2 km
Supermarkets
- Carrefour Market71 m
- VIVA84 m
- Carrefour193 m
- Almaya Supermarket237 m
Bus stops
- Bus stop575 m
- Bus stop597 m
- Big bus (blue 17)700 m
- Bus stop1.1 km
Pharmacies
- armada pharmacy26 m
- Aster Pharmacy63 m
- Life Pharmacy144 m
- Life Pharmacy303 m
Malls
- Dubai Marina Mall561 m
- Bluewaters Wharf Retail2.2 km
- The Wharf2.3 km
Parks
- Jumeirah Lakes Towers Park34 m
- DEWA Staff1.9 km
Mosques
- Al Rahim Mosque1.5 km
- Mosque Sheikh Rashid bin Mohammed1.6 km
- Al Tasamuh Mosque2.4 km
Straight-line distances — actual walking or driving routes will be longer. Measured from this project's own mapped location. Places data from OpenStreetMap.
Buildings in this project
Priced from each tower’s own recorded sales, rather than the project’s typical price above.
Dubai Land Department · building register The Land Department's building register. File dated 5 Oct 2026 · synced 5 Oct 2026.
Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
Other projects in Jumeirah Lakes Towers
Each price is the project’s newest month with 5 or more recorded home sales, from Oct 2025 to 7 Oct 2026. Priced projects first, then the most home sales from Nov 2025 to 7 Oct 2026, then A–Z. Where a project has no month with that many, its newest month with any sale is shown instead, with a red (i) and its count.
Ellington Pcfc Developers L.L.C
Sep 2026 · 35 home sales
Unknown developer
1–7 Oct 2026 · 7 home sales
Danube Properties
Jun 2026 · 7 home sales
SEVEN TIDES REAL ESTATE DEVELOPMENT L.L.C
Aug 2026 · 5 home sales
MAG 10 PROPERTY DEVELOPMENT DMCC
Jul 2026 · 5 home sales
Dubai Land Department · recorded sales Sales on record with the Land Department · typical prices, not estimates. Half of the sales were above a typical price, half below. File dated 8 Oct 2026 · synced 8 Oct 2026.
Seen a listing for this?
Put the asking price beside what comparable homes actually sold for, and check the agent against the Land Department’s register of licensed brokers. Free, no sign-in.
Buying in Armada Towers?
Everything above is free and stays free. What this page cannot tell you is what your unit is worth — the typical price here covers every size at once, and a two-bedroom can be 1,062 or 1,558 sqft. Our report matches comparable sales to one unit's size, and adds the three checks that need a person to look things up in the Land Department's own systems on the day: the agent's licence, the project's escrow, and its registered status.