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Studio · 365 sqftLakeside Towers A, Dubai Production City (IMPZ) · 7th floor · completed 2014

704, Lakeside Towers A

Sold prices and rental history: sold once, by the developer in May 2009, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 704 · DLD and Ejari recordsUpdated 1 July 2024
Last soldAED 321K28 May 2009
Current rentAED 30K /yr1 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 704, Lakeside Towers A

What is 704 worth today?

Last sold for AED 321,000 in 2009

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1 Jul 2024RentedRenewal
AED 30,000/yr12 months · AED 82 per sqft
1 Jul 2023RentedRenewal
AED 24,200/yr12 months · AED 66 per sqft
1 Jul 2022RentedNew contract
AED 22,000/yr12 months · AED 60 per sqft
20 Dec 2021RentedNew contract
AED 18,000/yr12 months · AED 49 per sqft
15 Sep 2019RentedNew contract
AED 22,000/yr12 months · AED 60 per sqft
10 Jul 2018RentedNew contract
AED 29,000/yr12 months · AED 79 per sqft
1 Jul 2016RentedNew contract
AED 38,000/yr12 months · AED 104 per sqft
28 May 2009Sold by developerOff-plan
AED 321,000AED 878 per sqft

Source: Dubai Land Department. Updated 1 July 2024.

Key facts

Type
Studio apartment
Size
365 sqft
Floor
7th of 22
Parking
B2-122
Developer
The Waves
Completed
2014
Service charge
AED 5,000 /yr
Last sold
AED 321K · May 2009
Building
Lakeside Towers A

About 704, Lakeside Towers A

704 is a studio of 365 sqft on the 7th floor of Lakeside Towers A, a 22-storey tower in Dubai Production City (IMPZ) completed in 2014 by The Waves. The developer sold it on 28 May 2009 for AED 321,000, or AED 878 per sqft, in line with the AED 885 studios in the building were fetching at the time.

It has been rented continuously since 2016 on 7 Ejari contracts. The current contract, renewed on 1 July 2024, is AED 30,000 a year: a gross yield of 9.3% on the 2009 price, before the service charge of about AED 5,000 a year.

Sales and rents for 704 over time

Sales
Unit 704, 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, May 2009: AED 321,000 (AED 878 per sqft)

704 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 704, 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, July 2016: AED 38,000 a yearNew contract, July 2018: AED 29,000 a yearNew contract, September 2019: AED 22,000 a yearNew contract, December 2021: AED 18,000 a yearNew contract, July 2022: AED 22,000 a yearRenewal, July 2023: AED 24,200 a yearRenewal, July 2024: AED 30,000 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 704 sits

All 352 studios →

704 last sold in May 2009 at AED 878 per sqft, in line with what studios in Lakeside Towers A were fetching at the time (AED 885). 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. 704's AED 30,000 is in the lower half 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 7th floor

All 484 units in Lakeside Towers A
Value
7011-bedAED 725K · Jun 2009
7021-bedAED 640K · May 2017
703StudioAED 380K · Oct 2025
705StudioAED 321K · May 2009
706StudioAED 218K · Sep 2021
707StudioAED 390K · Jul 2025
708StudioAED 345K · Apr 2024
1–7 of 21

704, Lakeside Towers A in numbers

  • Sold once: by The Waves on 28 May 2009 for AED 321,000, or AED 878 per sqft.
  • Rented since July 2016 on 7 Ejari contracts. The rent fell from AED 38,000 to AED 18,000 in 2021 and recovered to AED 30,000 by July 2024.
  • At AED 30,000 a year the gross yield on the 2009 price is 9.3%, 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 1 July 2024.

Questions about 704, Lakeside Towers A

What did unit 704 last sell for?

AED 321,000 on 28 May 2009, sold by the developer: AED 878 per sqft for 365 sqft. It is the only registered sale of the unit.

What is the rent for unit 704?

AED 30,000 a year on the contract renewed on 1 July 2024. The previous contract, from July 2023, was AED 24,200; the unit has been rented since July 2016.

How big is unit 704?

365 sqft (33.9 sqm): a studio on the 7th floor of a 22-storey tower completed in 2014.

What is unit 704 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 704, Lakeside Towers A

Starts from the last sale price (AED 321K, 28 May 2009). Switch to today's estimate once you have unlocked it.
Price
AED 321,000
Deposit, UAE resident (20%)
AED 64,200
Deposit, non-resident (40%)
AED 128,400
Monthly over 25 years at 3.7%
AED 1,313

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