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Armada 3

A 1 bed in Armada 3 costs a median AED 1.05M, rents long-let for AED 82,000/yr (7.26% gross), and returns 9.03% short-let at the assumed 80% occupancy — +0.2 pts vs Jumeirah Lake Towers's 7.08% and +0.3 pts vs Dubai's 6.97% — from 30 sales and 167 rental contracts registered in the last 24 months through 26 Aug 2026.

Registered data
Sales · 1 bed
11 in 12 months
Rental contracts · 1 bed
90 in 12 months
Buy
1.05MAED
AED 1,260/sqft
Long-let
7.26%
AED 82,000/yr
Short-let
9.03%
AED 443/night · 0.52/sqft

Price per sqft: Median of 11 registered sales of ready units in the last 12 months, most recent August 2026.

Priced off the last 5 sales — most recent August 2026.

Yield spread
+0.2 pts
vs the Jumeirah Lake Towers median for this unit type
Turnover upside
+9.3%
new tenants pay more than sitting ones — 186 renewals
AED/yr/sqft
AED 98
Sales
30
Rental contracts
167
Renewal rent
AED 75,000/yr
12 months
+4.3%
3 years
+43.1%+12.7%/yr

Based on 30 sales and 167 rental contracts in the last 24 months. Rental data covers the whole Armada Towers project, not this tower alone.

Armada 3 is an apartment building in Jumeirah Lake Towers, Dubai, one of the towers in the Armada Towers development. The closest metro station is Marina Mall Metro Station, the nearest mall Marina Mall and the nearest landmark Burj Al Arab. Land Department records for it run from 2015 to 2026, 434 registered sales in all — the 30 in the last 24 months are what every median above is computed from.

Yield by bedroom type

TypeMedian priceAED/sqftYield12moSales
StudioAED 740,00015408.33%
+0.3 pts
-2.7%7
1 bedAED 1.05M12287.26%
+0.2 pts
+4.3%30
2 bedAED 1.72M13087.53%
+1.1 pts
-3.4%16

Deltas compare each yield with the Jumeirah Lake Towers median for the same unit type. How these yields are computed

How these yields are computed
Each yield divides the median rent by the median of the last 3 months of sales — or of the last 5 sales where the last 3 months hold fewer than three. Off-plan and ready sales count alike, and each bedroom type is priced off its own sales.

Short-let rates around Armada 3

Median nightly rate on Airbnb for a 7-night stay, priced across the coming year.

How short-let rates are measured
Rates are sampled for every month of the coming year, so the figure carries the full season rather than a winter or summer slice. Listing counts are what those searches returned on the first page — a floor on what the building actually lists, not a count of it. Airbnb publishes approximate coordinates, so even the tightest set — listings within 50 metres — is the building and its immediate neighbours. Where that set is too small to measure a bedroom type, the row widens to the surrounding 500-metre cluster and is marked “500m”.
TypeNightly (AED)AED/night/sqftNet revenue at 80%Long-let rentUpliftShort-let yieldListings seen
1 bed4430.52AED 94,846AED 82,0001.2×9.03%6+

Nightly rate per sqft through the year

Median nightly rate per sqft by month of stay. Smaller, fainter points rest on fewer listings. Per-sqft puts different bedroom types on the same axis.

1 bed: first Oct 2026, 0.53 AED/night/sqft; latest Sep 2027, 0.49 AED/night/sqft; peak Mar 2027, 0.66 AED/night/sqft.

Net revenue assumes 80% occupancy — an assumption, not a measurement.

What the net revenue deducts
Occupancy is an assumption because no Dubai source publishes it per building — at half the occupancy, halve the revenue and the yield. From the nightly rate a guest sees, net revenue deducts Airbnb's 15.5% fee, then cleaning at 2 turnovers a month and utilities, both scaled to the unit's measured floor area. Service charge and mortgage are deliberately not deducted: neither comes out of the long-let rent beside it, and a service charge is owed whichever way the unit is let, so taking it off one side only would break the comparison. Neither figure is net of income tax or furnishing.

Recent transactions

As filed with the Land Department — data to 2026-08-26.

21 resales in the last 12 months, against 24 a year on average over 2023–2025.

Sales

DateTypeSqftPriceAED/sqft
25 Aug 20261 bed843AED 1,200,0001,423
22 Jun 20261 bed828AED 1,160,0001,401
22 Jun 20262 bed1,315AED 1,670,0001,270

3 resales in the last 3 months.

Rental contracts

The rent figures on this page are pooled from this building’s project, so no individual contract can be attributed to this tower.

Nearby

Metro
Marina Mall Metro Station
Mall
Marina Mall
Landmark
Burj Al Arab

Compare with nearby buildings

The most-traded buildings in Armada Towers, on the same figures over the same window.

Common questions

What is the rental yield in Armada 3?
Armada 3 returns 7.26% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 167 rental contracts registered in the last 24 months.
How much does a 1 bedroom in Armada 3 cost?
The median registered sale price is AED 1.05M (1,228 AED/sqft), from 30 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.
What are apartments in Armada 3 selling for right now?
Registered sales of ready units in Armada 3 over the last 12 months have a median of 1,260 AED/sqft, across 11 sales. That is the freshest window holding at least five, and it excludes off-plan. It is a median of what traded, not a valuation of a specific unit — floor, view and condition all move a real price and none of them is in it.
Have prices in Armada 3 risen or fallen?
Median price per square foot moved +4.3% over the last 12 months against the 12 before it, on 30 registered sales. On a sample this size, read the direction rather than the exact figure.
How does Armada 3 compare with Jumeirah Lake Towers?
Its 7.26% gross yield sits +0.2 pts against the Jumeirah Lake Towers median of 7.08%, computed at the same bedroom grain over the same 24-month window.

Source: Dubai Land Department open data — sale transactions and Ejari rental contracts. Data as of 2026-08-26. Short-let rates are collected separately from public Airbnb search results.

Gross yield divides median annual rent from new contracts by the median resale price for the same bedroom type over the last 24 months. Off-plan sales are included in price and trend figures but excluded from the yield denominator.

Armada 3 sale record

Record type
Building-level property market record
Data date
Evidence base
30 registered sales in the trailing 24 months for the default unit type
Sources
Dubai Land Department sale transactions and Ejari rental contracts; public Airbnb search results for forward short-let rates
Canonical record
/sale/apartments/dubai/jumeirah-lake-towers/armada-3
Method
Definitions and calculations

Cite as: Dubai Wealth Index. “Armada 3 sale prices and yield.” Jumeirah Lake Towers, Dubai. Data to 2026-08-26. https://dubaiwealthindex.com/sale/apartments/dubai/jumeirah-lake-towers/armada-3.

Stable dataJSON

Where this data stops

Service charges are not in DLD's open data, so the yield above is gross. Net return needs this building's charge per sqft.