
1 Lake Plaza
Al Thanyah Fifth · Han Worldwide Enterprises
Ready building · Dmcc
Highlights
Armada 3 is a mixed-use building in Al Thanyah Fifth, Dubai, developed by Dmcc. It holds about 385 units: studios, 1-bedroom apartments, 2-bedroom apartments, 4-bedroom apartments, commercial units. Depending on the unit, windows look out over Community.
The building was completed in 2012 and has been in use for about 14 years. 20 units changed hands in the last 12 months, registered with the Dubai Land Department. Recent sales went through at a median of AED 1,353 per sq ft.
Armada 3 is one of 133 buildings in Al Thanyah Fifth: 75 are complete and 27 are still being built.
Building details
There are about 58 of these in Armada 3, from 480 sq ft. They have recently sold for a median of AED 720.0K, or AED 1,500 per sq ft.
There are about 191 of these in Armada 3, from 460 to 3,020 sq ft. They have recently sold for a median of AED 1.1M, or AED 1,350 per sq ft. Owners who resold made a median 10% over what they paid.
There are about 102 of these in Armada 3, from 980 to 1,510 sq ft. They have recently sold for a median of AED 1.7M, or AED 1,270 per sq ft.
There are about 7 of these in Armada 3, from 3,920 to 5,940 sq ft. None has sold recently enough to quote a price.
There are about 27 of these in Armada 3, from 80 to 1,730 sq ft. None has sold recently enough to quote a price.
| Unit type | Units | Size | Median price | Median rent |
|---|---|---|---|---|
| Studio | 58 | 480 sqft44.6 sqmt | AED 720K | AED 60K |
| 1 Bed | 191 | 460 sqft42.7 sqmt – 3,020 sqft280.6 sqmt | AED 1.1M | AED 80K |
| 2 Beds | 102 | 980 sqft91 sqmt – 1,510 sqft140.3 sqmt | AED 1.7M | AED 120K |
| 4 Beds | 7 | 3,920 sqft364.2 sqmt – 5,940 sqft551.8 sqmt | No recent sales | – |
| Commercial | 27 | 80 sqft7.4 sqmt – 1,730 sqft160.7 sqmt | No recent sales | – |
Median sale price
AED 1.1M
Median per sq ft
AED 1,353
Median gross yield
7.0%
Price ranges from the most recent registered sales, by unit type:
1-bedroom homes in Armada 3 were let for AED 60.0K to AED 94.0K a year across 7 recent contracts, with a median of AED 80.0K.
Yearly rents from recent registered contracts, by unit type:
| LocationStatus and unit | PricePer sqftPer sqmt | SpecsSize and bedrooms | DateSold by |
|---|---|---|---|
| Armada 3, Jumeirah Lake Towers (JLT)ReadyApartment | AED 1,200,000AED 1,423 /sqftAED 15,317 /sqmt | 843 sqft78.3 sqmt1 Bed | Owner |
| Armada 3, Jumeirah Lake Towers (JLT)ReadyApartment | AED 1,160,000AED 1,401 /sqftAED 15,080 /sqmt | 828 sqft76.9 sqmt1 Bed | Owner |
| Armada 3, Jumeirah Lake Towers (JLT)ReadyApartment | AED 1,670,000AED 1,270 /sqftAED 13,670 /sqmt | 1,315 sqft122.2 sqmt2 Beds | Owner |
| Armada 3, Jumeirah Lake Towers (JLT)ReadyApartment | AED 1,050,000AED 1,171 /sqftAED 12,605 /sqmt | 897 sqft83.3 sqmt1 Bed | Owner |
| Armada 3, Jumeirah Lake Towers (JLT)ReadyApartment | AED 1,120,000AED 1,353 /sqftAED 14,564 /sqmt | 828 sqft76.9 sqmt1 Bed | Owner |
| Armada 3, Jumeirah Lake Towers (JLT)ReadyApartment | AED 1,130,000AED 1,260 /sqftAED 13,563 /sqmt | 897 sqft83.3 sqmt1 Bed | Owner |
| Armada 3, Jumeirah Lake Towers (JLT)ReadyApartment | AED 1,260,000AED 1,405 /sqftAED 15,123 /sqmt | 897 sqft83.3 sqmt1 Bed | Owner |
| Armada 3, Jumeirah Lake Towers (JLT)ReadyApartment | AED 680,000AED 1,414 /sqftAED 15,220 /sqmt | 481 sqft44.7 sqmtStudio | Owner |
| Armada 3, Jumeirah Lake Towers (JLT)ReadyApartment | AED 644,805AED 1,003 /sqftAED 10,796 /sqmt | 1,286 sqft119.5 sqmt2 Beds | Owner |
| Armada 3, Jumeirah Lake Towers (JLT)ReadyApartment | AED 2,160,000AED 1,643 /sqftAED 17,685 /sqmt | 1,315 sqft122.2 sqmt2 Beds | Developer |
| Armada 3, Jumeirah Lake Towers (JLT)ReadyApartment | AED 1,000,000AED 1,136 /sqftAED 12,228 /sqmt | 880 sqft81.8 sqmt1 Bed | Owner |
| Armada 3, Jumeirah Lake Towers (JLT)ReadyApartment | AED 2,050,000AED 1,559 /sqftAED 16,781 /sqmt | 1,315 sqft122.2 sqmt2 Beds | Owner |
| Armada 3, Jumeirah Lake Towers (JLT)ReadyApartment | AED 1,300,000AED 1,570 /sqftAED 16,899 /sqmt | 828 sqft76.9 sqmt1 Bed | Owner |
| Armada 3, Jumeirah Lake Towers (JLT)ReadyApartment | AED 1,130,000AED 1,260 /sqftAED 13,563 /sqmt | 897 sqft83.3 sqmt1 Bed | Owner |
| Armada 3, Jumeirah Lake Towers (JLT)ReadyApartment | AED 617,894AED 961 /sqftAED 10,344 /sqmt | 1,286 sqft119.5 sqmt2 Beds | Owner |
| Armada 3, Jumeirah Lake Towers (JLT)ReadyApartment | AED 750,000AED 1,559 /sqftAED 16,781 /sqmt | 481 sqft44.7 sqmtStudio | Owner |
| Armada 3, Jumeirah Lake Towers (JLT)ReadyApartment | AED 1,700,000AED 1,293 /sqftAED 13,918 /sqmt | 1,315 sqft122.2 sqmt2 Beds | Owner |
| Armada 3, Jumeirah Lake Towers (JLT)ReadyApartment | AED 720,000AED 1,497 /sqftAED 16,114 /sqmt | 481 sqft44.7 sqmtStudio | Owner |
| Armada 3, Jumeirah Lake Towers (JLT)ReadyApartment | AED 975,000AED 1,157 /sqftAED 12,454 /sqmt | 843 sqft78.3 sqmt1 Bed | Owner |
Armada 3
Jumeirah Lake Towers (JLT)
AED 1.2M
AED 1,423 /sqftAED 15,317 /sqmt
Armada 3
Jumeirah Lake Towers (JLT)
AED 1.2M
AED 1,401 /sqftAED 15,080 /sqmt
Armada 3
Jumeirah Lake Towers (JLT)
AED 1.7M
AED 1,270 /sqftAED 13,670 /sqmt
Armada 3
Jumeirah Lake Towers (JLT)
AED 1.1M
AED 1,171 /sqftAED 12,605 /sqmt
Armada 3
Jumeirah Lake Towers (JLT)
AED 1.1M
AED 1,353 /sqftAED 14,564 /sqmt
Armada 3
Jumeirah Lake Towers (JLT)
AED 1.1M
AED 1,260 /sqftAED 13,563 /sqmt
Armada 3
Jumeirah Lake Towers (JLT)
AED 1.3M
AED 1,405 /sqftAED 15,123 /sqmt
Armada 3
Jumeirah Lake Towers (JLT)
AED 680K
AED 1,414 /sqftAED 15,220 /sqmt
Armada 3
Jumeirah Lake Towers (JLT)
AED 644.8K
AED 1,003 /sqftAED 10,796 /sqmt
Armada 3
Jumeirah Lake Towers (JLT)
AED 2.2M
AED 1,643 /sqftAED 17,685 /sqmt
Armada 3
Jumeirah Lake Towers (JLT)
AED 1M
AED 1,136 /sqftAED 12,228 /sqmt
Armada 3
Jumeirah Lake Towers (JLT)
AED 2.1M
AED 1,559 /sqftAED 16,781 /sqmt
Armada 3
Jumeirah Lake Towers (JLT)
AED 1.3M
AED 1,570 /sqftAED 16,899 /sqmt
Armada 3
Jumeirah Lake Towers (JLT)
AED 1.1M
AED 1,260 /sqftAED 13,563 /sqmt
Armada 3
Jumeirah Lake Towers (JLT)
AED 617.9K
AED 961 /sqftAED 10,344 /sqmt
Armada 3
Jumeirah Lake Towers (JLT)
AED 750K
AED 1,559 /sqftAED 16,781 /sqmt
Armada 3
Jumeirah Lake Towers (JLT)
AED 1.7M
AED 1,293 /sqftAED 13,918 /sqmt
Armada 3
Jumeirah Lake Towers (JLT)
AED 720K
AED 1,497 /sqftAED 16,114 /sqmt
Armada 3
Jumeirah Lake Towers (JLT)
AED 975K
AED 1,157 /sqftAED 12,454 /sqmt
| LocationContract and unit | Annual rentAED a year | SpecsSize and bedrooms | Contract dateStart – End |
|---|---|---|---|
| Armada 3, Jumeirah Lake Towers (JLT)ApartmentNew contract | AED 52,000 | 481 sqft44.7 sqmtStudio | to |
| Armada 3, Jumeirah Lake Towers (JLT)ApartmentNew contract | AED 135,000 | 1,315 sqft122.2 sqmt2 Beds | to |
| Armada 3, Jumeirah Lake Towers (JLT)ApartmentRenewal | AED 80,000 | 897 sqft83.3 sqmt1 Bed | to |
| Armada 3, Jumeirah Lake Towers (JLT)ApartmentRenewal | AED 20,500 | 481 sqft44.7 sqmtStudio | to |
| Armada 3, Jumeirah Lake Towers (JLT)ApartmentNew contract | AED 87,000 | 897 sqft83.3 sqmt1 Bed | to |
| Armada 3, Jumeirah Lake Towers (JLT)ApartmentNew contract | AED 39,000 | 803 sqft74.6 sqmt1 Bed | to |
| Armada 3, Jumeirah Lake Towers (JLT)ApartmentNew contract | AED 82,000 | 897 sqft83.3 sqmt1 Bed | to |
| Armada 3, Jumeirah Lake Towers (JLT)ApartmentRenewal | AED 60,000 | 481 sqft44.7 sqmtStudio | to |
| Armada 3, Jumeirah Lake Towers (JLT)ApartmentNew contract | AED 60,000 | 809 sqft75.2 sqmt1 Bed | to |
| Armada 3, Jumeirah Lake Towers (JLT)ApartmentRenewal | AED 106,970 | 1,034 sqft96.1 sqmt2 Beds | to |
| Armada 3, Jumeirah Lake Towers (JLT)ApartmentNew contract | AED 78,000 | 897 sqft83.3 sqmt1 Bed | to |
| Armada 3, Jumeirah Lake Towers (JLT)ApartmentRenewal | AED 94,000 | 803 sqft74.6 sqmt1 Bed | to |
| Armada 3, Jumeirah Lake Towers (JLT)ApartmentNew contract | AED 120,000 | 1,315 sqft122.2 sqmt2 Beds | to |
| Armada 3, Jumeirah Lake Towers (JLT)ApartmentRenewal | AED 65,000 | 481 sqft44.7 sqmtStudio | to |
| Armada 3, Jumeirah Lake Towers (JLT)ApartmentNew contract | AED 150,000 | 1,315 sqft122.2 sqmt2 Beds | to |
| Armada 3, Jumeirah Lake Towers (JLT)ApartmentNew contract | AED 75,600 | 828 sqft76.9 sqmt1 Bed | to |
| Armada 3, Jumeirah Lake Towers (JLT)ApartmentNew contract | AED 120,000 | 1,223 sqft113.6 sqmt2 Beds | to |
| Armada 3, Jumeirah Lake Towers (JLT)ApartmentNew contract | AED 50,000 | 481 sqft44.7 sqmtStudio | to |
| Armada 3, Jumeirah Lake Towers (JLT)ApartmentNew contract | AED 68,000 | 481 sqft44.7 sqmtStudio | to |
Armada 3
Jumeirah Lake Towers (JLT)
AED 52K/yr
Armada 3
Jumeirah Lake Towers (JLT)
AED 135K/yr
Armada 3
Jumeirah Lake Towers (JLT)
AED 80K/yr
Armada 3
Jumeirah Lake Towers (JLT)
AED 20.5K/yr
Armada 3
Jumeirah Lake Towers (JLT)
AED 87K/yr
Armada 3
Jumeirah Lake Towers (JLT)
AED 39K/yr
Armada 3
Jumeirah Lake Towers (JLT)
AED 82K/yr
Armada 3
Jumeirah Lake Towers (JLT)
AED 60K/yr
Armada 3
Jumeirah Lake Towers (JLT)
AED 60K/yr
Armada 3
Jumeirah Lake Towers (JLT)
AED 107K/yr
Armada 3
Jumeirah Lake Towers (JLT)
AED 78K/yr
Armada 3
Jumeirah Lake Towers (JLT)
AED 94K/yr
Armada 3
Jumeirah Lake Towers (JLT)
AED 120K/yr
Armada 3
Jumeirah Lake Towers (JLT)
AED 65K/yr
Armada 3
Jumeirah Lake Towers (JLT)
AED 150K/yr
Armada 3
Jumeirah Lake Towers (JLT)
AED 75.6K/yr
Armada 3
Jumeirah Lake Towers (JLT)
AED 120K/yr
Armada 3
Jumeirah Lake Towers (JLT)
AED 50K/yr
Armada 3
Jumeirah Lake Towers (JLT)
AED 68K/yr
The 2019 service charge in Armada 3 is AED 13.53 per sq ft for homes, AED 13.54 per sq ft for shops. It is paid yearly by the owner, covers upkeep, security and shared areas, and is set by the building’s owners association and registered with the Dubai Land Department.
| Unit type | Rate per sq ft | Size | Yearly charge |
|---|---|---|---|
| 1 Bed Apartment (2019) | AED 13.53 | 460 sqft42.7 sqmt – 3,020 sqft280.6 sqmt | AED 6,224 – AED 40,861 |
| 2 Beds Apartment (2019) | AED 13.53 | 980 sqft91 sqmt – 1,510 sqft140.3 sqmt | AED 13,259 – AED 20,430 |
| 4 Beds Apartment (2019) | AED 13.53 | 3,920 sqft364.2 sqmt – 5,940 sqft551.8 sqmt | AED 53,038 – AED 80,368 |
| Retail (2019) | AED 13.54 | 80 sqft7.4 sqmt – 1,730 sqft160.7 sqmt | AED 1,083 – AED 23,424 |
| Studio Apartment (2019) | AED 13.53 | 480 sqft44.6 sqmt | AED 6,494 – AED 6,494 |
Source: Dubai Land Department service charge index. Rates are reviewed each year.
Nearby amenities
The nearest Dubai Metro station from Armada 3 is DAMAC Properties (red line, 0.6 km, about 7 min walk), then Jumeirah Lake Towers (red line, 0.8 km, about 10 min walk). Stations planned on new lines nearby include Dubai Marina Mall (orange line, 0.4 km, about 5 min walk) and Dubai Marina (orange line, 0.6 km, about 7 min walk).
The closest is Dubai Marina Mall, 0.5 km from Armada 3 (about 6 min walk).
The closest is Bonnington Jumeirah Lakes Towers, 0.4 km from Armada 3 (about 5 min walk).
The closest is Armada Medical Centre, 0 km from Armada 3 (about 2 min walk).
The closest is JBR Beach, 1.1 km from Armada 3 (about 13 min walk).
The nearest is EMIRATES INTERNATIONAL SCHOOL MEADOWS, 1.6 km away. Ratings are the KHDA's latest inspection grades.
Al Thanyah Fifth has 133 buildings. A few others to compare Armada 3 with:

Al Thanyah Fifth · Han Worldwide Enterprises
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Al Thanyah Fifth · Al Waleed
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