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Studio · 365 sqftLakeside Towers A, Dubai Production City (IMPZ) · 4th floor · completed 2014

408, Lakeside Towers A

Sold prices and rental history: sold twice, last in February 2024, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 408 · DLD and Ejari recordsUpdated 26 March 2024
Last soldAED 300K22 February 2024
Current rentAED 20K /yr26 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 408, Lakeside Towers A

What is 408 worth today?

Last sold for AED 300,000 in 2024

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26 Mar 2024RentedRenewal
AED 20,000/yr12 months · AED 56 per sqft
22 Feb 2024SoldReady
AED 300,000AED 821 per sqft
5 Apr 2023RentedRenewal
AED 20,000/yr12 months · AED 55 per sqft
5 Apr 2022RentedNew contract
AED 19,000/yr12 months · AED 52 per sqft
10 Sep 2021RentedRenewal
AED 16,000/yr12 months · AED 44 per sqft
10 Sep 2020RentedNew contract
AED 16,000/yr12 months · AED 44 per sqft
1 Jun 2017RentedNew contract
AED 34,092/yr12 months · AED 93 per sqft
15 May 2015RentedNew contract
AED 35,000/yr12 months · AED 96 per sqft

Source: Dubai Land Department. Updated 26 March 2024.

Key facts

Type
Studio apartment
Size
365 sqft
Floor
4th of 22
Parking
B3-168
Developer
The Waves
Completed
2014
Service charge
AED 5,000 /yr
Last sold
AED 300K · February 2024
Building
Lakeside Towers A

About 408, Lakeside Towers A

408 is a studio of 365 sqft on the 4th floor of Lakeside Towers A, a 22-storey tower in Dubai Production City (IMPZ) completed in 2014 by The Waves. It last sold on 22 February 2024 for AED 300,000, or AED 821 per sqft, 5% above the AED 785 studios in the building were fetching at the time.

It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, renewed on 26 March 2024, is AED 20,000 a year: a gross yield of 6.7% on the 2024 price, before the service charge of about AED 5,000 a year.

Sales and rents for 408 over time

Sales
Unit 408, each saleTypical studio in Lakeside Towers A
200K300K400K2009201420192024Typical sale price by year: 2009 AED 355,300; 2010 AED 355,300; 2011 AED 209,000; 2012 AED 219,600; 2013 AED 313,110; 2014 AED 400,000; 2015 AED 380,000; 2016 AED 395,000; 2017 AED 403,500; 2018 AED 360,500; 2019 AED 258,000; 2020 AED 250,000; 2021 AED 215,000; 2022 AED 215,000; 2023 AED 282,500; 2024 AED 320,000; 2025 AED 375,000; 2026 AED 400,000Sold by developer, June 2009: AED 367,000 (AED 1,004 per sqft)Sold, February 2024: AED 300,000 (AED 821 per sqft)

408 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 408, each contractTypical studio in Lakeside Towers A
20K30K40K20152018202120242027Typical rent by year: 2015 AED 37,000; 2016 AED 38,000; 2017 AED 36,000; 2018 AED 30,000; 2019 AED 25,000; 2020 AED 19,000; 2021 AED 16,500; 2022 AED 20,000; 2023 AED 24,000; 2024 AED 29,700; 2025 AED 33,000; 2026 AED 34,000New contract, May 2015: AED 35,000 a yearNew contract, June 2017: AED 34,092 a yearNew contract, September 2020: AED 16,000 a yearRenewal, September 2021: AED 16,000 a yearNew contract, April 2022: AED 19,000 a yearRenewal, April 2023: AED 20,000 a yearRenewal, March 2024: AED 20,000 a year

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

Studios in Lakeside Towers A, and where 408 sits

All 352 studios →

408 last sold in February 2024 at AED 821 per sqft, 5% above what studios in Lakeside Towers A were fetching at the time (AED 785). Over the last 12 months studios sold for AED 333,333 to 450,000, around AED 1,089 per sqft, and rent for AED 22,000 to 48,000 a year. 408's AED 20,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
29 Oct 2026425,000
5 Oct 2026350,000
12 Sep 2026400,000
9 Sep 2026420,000
24 studio 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 4th floor

All 484 units in Lakeside Towers A
Value
4011-bedAED 730K · Oct 2014
4021-bedAED 590K · Aug 2025
403StudioAED 380K · Jul 2025
404StudioAED 360K · Dec 2024
405StudioAED 245K · Sep 2019
406StudioAED 277K · Jun 2023
407StudioAED 390K · Jun 2015
1–7 of 21

408, Lakeside Towers A in numbers

  • Sold twice: first on 10 June 2009 for AED 367,000, last on 22 February 2024 for AED 300,000 (AED 821 per sqft).
  • Rented since May 2015 on 7 Ejari contracts. The rent fell from AED 35,000 to AED 16,000 in 2021 and recovered to AED 20,000 by March 2024.
  • At AED 20,000 a year the gross yield on the 2024 price is 6.7%, before a service charge of about AED 5,000 a year (AED 13.70 per sqft).
  • Studios in Lakeside Towers A sold for AED 333,333–450,000 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 March 2024.

Questions about 408, Lakeside Towers A

What did unit 408 last sell for?

AED 300,000 on 22 February 2024: AED 821 per sqft for 365 sqft. The unit has 2 registered sales; the first was AED 367,000 in June 2009.

What is the rent for unit 408?

AED 20,000 a year on the contract renewed on 26 March 2024. The previous contract, from April 2023, was AED 20,000; the unit has been rented since May 2015.

How big is unit 408?

365 sqft (33.9 sqm): a studio on the 4th floor of a 22-storey tower completed in 2014.

What is unit 408 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Lakeside Towers A sold for AED 333,333 to 450,000 in the last 12 months, around AED 1,089 per sqft.

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Mortgage on 408, Lakeside Towers A

Starts from the last sale price (AED 300K, 22 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 300,000
Deposit, UAE resident (20%)
AED 60,000
Deposit, non-resident (40%)
AED 120,000
Monthly over 25 years at 3.7%
AED 1,227

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