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1-bed · 686 sqftLakeside Towers A, Dubai Production City (IMPZ) · 16th floor · completed 2014

1602, Lakeside Towers A

Sold prices and rental history: sold 3 times, last in December 2023, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1602 · DLD and Ejari recordsUpdated 26 December 2023
Last soldAED 435K26 December 2023
Current rentAED 33K /yr26 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1602, Lakeside Towers A

What is 1602 worth today?

Last sold for AED 435,000 in 2023

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26 Dec 2023SoldReady
AED 435,000AED 634 per sqft
26 Oct 2022RentedNew contract
AED 33,000/yr12 months · AED 48 per sqft
26 Oct 2021RentedNew contract
AED 30,000/yr12 months · AED 44 per sqft
31 Aug 2020RentedRenewal
AED 29,000/yr12 months · AED 42 per sqft
31 Aug 2019RentedNew contract
AED 36,000/yr12 months · AED 52 per sqft
18 Aug 2018RentedRenewal
AED 48,000/yr12 months · AED 70 per sqft
18 Aug 2017RentedNew contract
AED 50,000/yr12 months · AED 73 per sqft
5 Jul 2016RentedRenewal
AED 57,000/yr12 months · AED 83 per sqft

Source: Dubai Land Department. Updated 26 December 2023.

Key facts

Type
1-bed apartment
Size
686 sqft
Floor
16th of 22
Parking
P1-84
Developer
The Waves
Completed
2014
Service charge
AED 9,400 /yr
Last sold
AED 435K · December 2023
Building
Lakeside Towers A

About 1602, Lakeside Towers A

1602 is a one-bedroom apartment of 686 sqft on the 16th floor of Lakeside Towers A, a 22-storey tower in Dubai Production City (IMPZ) completed in 2014 by The Waves. It last sold on 26 December 2023 for AED 435,000, or AED 634 per sqft, 17% above the AED 543 one-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 8 Ejari contracts. The current contract, signed on 26 October 2022, is AED 33,000 a year: a gross yield of 7.6% on the 2023 price, before the service charge of about AED 9,400 a year.

Sales and rents for 1602 over time

Sales
Unit 1602, each saleTypical one-bed in Lakeside Towers A
400K600K2009201420192024Typical sale price by year: 2009 AED 672,850; 2010 AED 661,600; 2013 AED 575,249; 2014 AED 711,400; 2015 AED 625,000; 2016 AED 525,000; 2017 AED 590,000; 2018 AED 462,443; 2019 AED 435,000; 2021 AED 336,442; 2022 AED 326,500; 2023 AED 400,000; 2024 AED 487,500; 2025 AED 572,500; 2026 AED 590,000Sold by developer, December 2013: AED 570,360 (AED 831 per sqft)Sold, November 2015: AED 675,000 (AED 984 per sqft)Sold, December 2023: AED 435,000 (AED 634 per sqft)

1602 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1602, each contractTypical one-bed in Lakeside Towers A
40K60K20152018202120242027Typical rent by year: 2015 AED 56,000; 2016 AED 56,325; 2017 AED 53,000; 2018 AED 45,000; 2019 AED 37,000; 2020 AED 30,000; 2021 AED 26,000; 2022 AED 30,000; 2023 AED 34,128; 2024 AED 41,140; 2025 AED 48,000; 2026 AED 48,000New contract, July 2015: AED 57,000 a yearRenewal, July 2016: AED 57,000 a yearNew contract, August 2017: AED 50,000 a yearRenewal, August 2018: AED 48,000 a yearNew contract, August 2019: AED 36,000 a yearRenewal, August 2020: AED 29,000 a yearNew contract, October 2021: AED 30,000 a yearNew contract, October 2022: AED 33,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Lakeside Towers A, and where 1602 sits

All 132 1-beds →

1602 last sold in December 2023 at AED 634 per sqft, 17% above what one-beds in Lakeside Towers A were fetching at the time (AED 543). Over the last 12 months one-beds sold for AED 520,000 to 655,000, around AED 824 per sqft, and rent for AED 37,800 to 72,000 a year. 1602's AED 33,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
4 Nov 2026570,000
21 Oct 2026580,000
11 Aug 2026619,729
10 Aug 2026528,560
10 1-bed sales in the last 12 months

Lakeside Towers A

Building

484 apartments, studios to 1-bed over 22 floors in Dubai Production City (IMPZ), completed in 2014 by The Waves. 34 sold in the last 12 months.

Typical price per sqft
AED 1,042 Up 8.0%
Typical sale
AED 415K
Typical rent
AED 36K /yr
Typical yield
8.4%
Lakeside Towers A, Dubai Production City (IMPZ): prices, sales and rents →

Other units on the 16th floor

All 484 units in Lakeside Towers A
Value
16011-bedAED 310K · Apr 2022
1603StudioAED 382K · Aug 2014
1604StudioAED 400K · Nov 2016
1605StudioAED 360K · Nov 2024
1606StudioAED 390K · Sep 2017
1607StudioAED 405K · Aug 2016
1608StudioAED 420K · May 2014
1–7 of 21

1602, Lakeside Towers A in numbers

  • Sold 3 times: first on 23 December 2013 for AED 570,360, last on 26 December 2023 for AED 435,000 (AED 634 per sqft).
  • Rented since July 2015 on 8 Ejari contracts. The rent fell from AED 57,000 to AED 29,000 in 2020 and recovered to AED 33,000 by October 2022.
  • At AED 33,000 a year the gross yield on the 2023 price is 7.6%, before a service charge of about AED 9,400 a year (AED 13.70 per sqft).
  • One-beds in Lakeside Towers A sold for AED 520,000–655,000 in the 12 months to November 2026; the building's median across all types is AED 1,042 per sqft.

Source: Dubai Land Department. Updated 26 December 2023.

Questions about 1602, Lakeside Towers A

What did unit 1602 last sell for?

AED 435,000 on 26 December 2023: AED 634 per sqft for 686 sqft. The unit has 3 registered sales; the first was AED 570,360 in December 2013.

What is the rent for unit 1602?

AED 33,000 a year on the contract signed on 26 October 2022. The previous contract, from October 2021, was AED 30,000; the unit has been rented since July 2015.

How big is unit 1602?

686 sqft (63.7 sqm): a one-bedroom apartment on the 16th floor of a 22-storey tower completed in 2014.

What is unit 1602 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Lakeside Towers A sold for AED 520,000 to 655,000 in the last 12 months, around AED 824 per sqft.

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Mortgage on 1602, Lakeside Towers A

Starts from the last sale price (AED 435K, 26 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 435,000
Deposit, UAE resident (20%)
AED 87,000
Deposit, non-resident (40%)
AED 174,000
Monthly over 25 years at 3.7%
AED 1,780

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →