Armada Tower 1

Completed|367 units · 1 tower

Armada Tower 1 is a completed development by MOHAMMAD RAHIF HAKMI in Jumeirah Lake Towers, comprising 367 registered units. 291 sales are registered with the Dubai Land Department, at a current PIX© price of AED 1,126 per sqft. At AED 1,126 per sqft, Armada Tower 1 prices 20% below the Jumeirah Lake Towers median of AED 1,414 per sqft on registered sales.

PIX© price · ↓13.1% YoY

1.02MAED

Typical

1,126AED

PSF

Gross yield

8.5%

PIX© rent ÷ PIX© price

Sale records

291

DLD · all time

Rent contracts

2,471

Ejari · all time

SATELLITE

LocationJumeirah Lake Towers

Drive times · typical

Downtown Dubai26 min · 25.1 km

DXB Airport30 min · 34.8 km

DIFC28 min · 27.1 km

Dubai Marina17 min · 8.0 km

Palm Jumeirah19 min · 12.9 km

Nearest · straight-line

Metro stationSobha Realty Metro Station0.6 km

MallBUY POS0.1 km

SchoolPaddington Early Childhood Centre JLT0.1 km

HospitalArmada Medical Centre0.1 km

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PIX© Unit History

Pick a building and floor, or select a position in any table below, to follow one unit through every registered owner and tenant.

Floor

Units on floor 11

…

2 Bed on Floor 11, Armada Tower 1

Size
Record: Jun 2010 to Nov 2024
Owners: 7
Tenants: 7
Price change
Yield on cost

Sale price by owner

Party	Date	Price / RentAED	Held	Note
7Tenant 7	15 Nov 2024		12 mo	Owner 7
7Owner 7	13 Dec 2023		2.8 yrs	Current owner Sold with tenant in place
6Tenant 6	15 Nov 2023		12 mo	Owner 6
5Tenant 5	1 Aug 2022		14 mo	Owner 6
4Tenant 4	1 Aug 2021		12 mo	Ended early Owner 6
3Tenant 3	1 Jul 2020		13 mo	Owner 6
2Tenant 2	1 Jul 2019		14 mo	Owner 6
6Owner 6	28 Feb 2017		6.8 yrs	Mortgage
5Owner 5	10 May 2015		22 mo	Sold with tenant in place
1Tenant 1	1 Aug 2013		3.5 yrs	Owner 4
4Owner 4	14 May 2013		2.0 yrs
3Owner 3	21 Jan 2013		4 mo
2Owner 2	15 Jun 2010		2.6 yrs
Owner 1 · Undisclosed		—		Acquisition date and price not on record

PIX© Airbnb Calculator

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2 Bed · Floor 11 · Armada Tower 1

Nightly rateAED

Occupancy (237 nights)

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Armada Tower 11,126AED/sqft · project-wide

Units

Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.

Type	Units	PIX© Price	PIX© PSF	PSF YoY	Trend	PIX© Rent /yr	Yield
PIX© Core Project-Wide 429 - 5,937 sqft	367	1.02M	1,126	↓13.1%		87K	8.5%
Residential
Studio · Apartment 481 sqft	58
1 Bed · Apartment 463 - 1,016 sqft	191
2 Bed · Apartment 980 - 1,515 sqft	102
Penthouse · Apartment 3,921 - 5,937 sqft	7	-	-	-	-		-
Commercial
Shop 429 - 1,268 sqft	9	-	-	-	-		-

Sales - Project-Wide291 DLD records

PIX© price analysis

PIX©Entry

PIX©Standard

PIX©Premium

PSF YoY

3-month change

All time

Price range

PSF range

Avg size

Cash : mortgage

Off-plan : ready

Latest transactions

Date	Beds	Position	Size	Price	PSF	vs Prior Sale	Tier	Type
4 Sep 2026	1 Bed	Armada Tower 1 · Floor 12	880	960,000	1,092	+14.3%	Standard	Standard Sale
1 Jul 2026	Studio	Armada Tower 1 · Floor 25	481	663,000	1,380	+34.2%	Standard	Standard Sale
28 Jan 2026	2 Bed	Armada Tower 1 · Floor 31	1,286	1,346,553	1,047	+4.1%	Standard	Standard Sale

Rentals - Project-Wide2,471 Ejari contracts

PIX© rent analysis

PIX©Entry

PIX©Standard

PIX©Premium

Rent PSF YoY

Gross yield

All time

Rent range

Renewals

Latest contracts

Start Date	Beds	Position	Size	Rent / Yr	Rent PSF	vs Prior Rent	Tier	Type
31 Dec 2026	1 Bed	Armada Tower 1 · Floor 7	828	90,000	109	-	Premium	CONTRACT
15 Sep 2026	2 Bed	Armada Tower 1 · Floor 30	1,315	125,000	95	-	Standard	CONTRACT
15 Sep 2026	Studio	Armada Tower 1 · Floor 7	481	50,000	104	-	Standard	CERTIFICATE

Comparables

How this project prices against its peers, ranked by PIX© price per square foot.

Map of comparable projects in this community

This projectPeers by PIX© PSF rankSelected comparisonSelect a marker to compare

This project

Armada Tower 1

Compared with

Lakeshore Tower 1

PIX© PSF

1,140

Rank

#32 of 32

#31 of 32

Typical price

1.07M

Yield

8.5%

Units

367

477

Sales

147

Rents

761

917

Developer

MOHAMMAD RAHIF HAKMI

AL BODOR REAL ESTATE DEVELOPMENT LIMITED

Handover

Completed

Rank	Project	Units	PIX© PSF	vs subject	Typical price	Yield	Sales	Rents
	Orra The Embankment ORRA REAL ESTATE DEVELOPMENT L.L.C · Completed	503					17	133
	Orra The Embankment Tower 1 ORRA REAL ESTATE DEVELOPMENT L.L.C · Completed	315					16	125
	The Palladium ETA STAR PROPERTY DEVELOPERS L.L.C · Completed	320					79	692
	Lakeside Residence AL MANAL DEVELOPMENT FZCO · Completed	358					77	948
	JLT Cluster V SHEIKH SUROOR BIN MOHD ALNEHAYAN · Completed	1,045					318	2,217
	Madina Tower REEF REAL ESTATE INVESTMENT CO (L.L.C) · Completed	205					96	404
	Lake City Tower TIGER PROPERTIES · Completed	443					183	1,123
	V3 Tower SHEIKH SUROOR BIN MOHD ALNEHAYAN · Completed	331					82	693
	Concorde Tower 32 GROUP PROPERTIES LIMITED · Completed	537					201	1,084
	Lakeshore Tower 1 AL BODOR REAL ESTATE DEVELOPMENT LIMITED · Completed	477					147	917
32	Armada Tower 1 MOHAMMAD RAHIF HAKMI · Completed	367	1,140	Subject	1.07M	8.5%	57	761

Community median 1,414 AED/sqft. Showing the closest-ranked peers of 32 ranked projects in the community. 3 community projects excluded for insufficient recorded sales. 16 excluded for trading only in the off-plan market. 22 excluded for insufficient unit-mix overlap. PIX© PSF is like-for-like on this project's unit mix · ready and off-plan registrations priced separately · yields from new Ejari contracts · cash sales, last 48 months.

Comparable projects in Jumeirah Lake Towers

The closest-priced registered projects in Jumeirah Lake Towers.

Lakeshore Tower 1AED 1,240/sqft
Concorde TowerAED 1,301/sqft
V3 TowerAED 1,317/sqft
Lake City TowerAED 1,323/sqft
Madina TowerAED 1,328/sqft
JLT Cluster VAED 1,335/sqft

Common questions about Armada Tower 1

Answered from Dubai Land Department registered transactions.

How much does a property in Armada Tower 1 cost?

Property in Armada Tower 1 sells at a current PIX© price of AED 1,126 per sqft, or about AED 1,022,263 for a typical unit, based on 291 sales registered with the Dubai Land Department.

Is Armada Tower 1 completed?

Yes. Armada Tower 1 is recorded as completed in the Dubai Land Department project register.

Who is the developer of Armada Tower 1?

Armada Tower 1 is developed by MOHAMMAD RAHIF HAKMI, the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in Armada Tower 1?

Armada Tower 1 yields 8.5% gross, calculated from current PIX© rent against current PIX© sale price, across 2,471 registered Ejari contracts.

How many units are in Armada Tower 1?

Armada Tower 1 holds 367 registered units, per the Dubai Land Department unit register.

Have prices in Armada Tower 1 gone up or down?

Price per sqft has fallen -13.1% over the last 12 months, to AED 1,126, across 291 registered sales.