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Studio · 369 sqftLakeside Towers B, Dubai Production City (IMPZ) · 12th floor · completed 2014

1216, Lakeside Towers B

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

Unit 1216 · DLD and Ejari recordsUpdated 16 December 2025
Last soldAED 340K21 November 2024
Current rentAED 35K /yr16 December 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1216, Lakeside Towers B

What is 1216 worth today?

Last sold for AED 340,000 in 2024

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16 Dec 2025RentedNew contract
AED 35,000/yr12 months · AED 96 per sqft
24 Apr 2025RentedNew contract
AED 28,819/yr6 months · AED 79 per sqft
21 Nov 2024SoldReady
AED 340,000AED 920 per sqft
24 Apr 2024RentedRenewal
AED 24,050/yr12 months · AED 66 per sqft
24 Apr 2023RentedRenewal
AED 21,850/yr12 months · AED 60 per sqft
24 Apr 2022RentedRenewal
AED 19,000/yr12 months · AED 52 per sqft
24 Apr 2021RentedNew contract
AED 16,000/yr12 months · AED 44 per sqft
31 Mar 2020RentedRenewal
AED 27,000/yr12 months · AED 74 per sqft

Source: Dubai Land Department. Updated 16 December 2025.

Key facts

Type
Studio apartment
Size
369 sqft
Floor
12th of 23
Parking
B1-73
Developer
The Waves
Completed
2014
Service charge
AED 5,100 /yr
Last sold
AED 340K · November 2024
Building
Lakeside Towers B

About 1216, Lakeside Towers B

1216 is a studio of 369 sqft on the 12th floor of Lakeside Towers B, a 23-storey tower in Dubai Production City (IMPZ) completed in 2014 by The Waves. It last sold on 21 November 2024 for AED 340,000, or AED 920 per sqft, 7% above the AED 863 studios in the building were fetching at the time.

It has been rented continuously since 2015 on 12 Ejari contracts. The current contract, signed on 16 December 2025, is AED 35,000 a year: a gross yield of 10.3% on the 2024 price, before the service charge of about AED 5,100 a year.

Sales and rents for 1216 over time

Sales
Unit 1216, each saleTypical studio in Lakeside Towers B
200K400K20072012201720222027Typical sale price by year: 2007 AED 418,000; 2009 AED 376,055; 2010 AED 280,000; 2012 AED 190,000; 2013 AED 314,967; 2014 AED 377,000; 2015 AED 390,000; 2016 AED 385,000; 2017 AED 400,000; 2018 AED 355,000; 2019 AED 260,000; 2020 AED 220,000; 2021 AED 205,000; 2022 AED 215,000; 2023 AED 280,000; 2024 AED 324,000; 2025 AED 370,000; 2026 AED 393,200Sold by developer, July 2014: AED 377,000 (AED 1,020 per sqft)Sold, November 2024: AED 340,000 (AED 920 per sqft)

1216 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1216, each contractTypical studio in Lakeside Towers B
20K30K40K20152018202120242027Typical rent by year: 2015 AED 37,000; 2016 AED 38,000; 2017 AED 36,000; 2018 AED 31,000; 2019 AED 25,000; 2020 AED 19,000; 2021 AED 17,000; 2022 AED 20,000; 2023 AED 24,000; 2024 AED 30,000; 2025 AED 34,000; 2026 AED 35,000New contract, March 2015: AED 35,000 a yearNew contract, March 2016: AED 34,906 a yearRenewal, March 2017: AED 38,000 a yearRenewal, March 2018: AED 37,797 a yearRenewal, March 2019: AED 28,000 a yearRenewal, March 2020: AED 27,000 a yearNew contract, April 2021: AED 16,000 a yearRenewal, April 2022: AED 19,000 a yearRenewal, April 2023: AED 21,850 a yearRenewal, April 2024: AED 24,050 a yearNew contract, April 2025: AED 28,819 a yearNew contract, December 2025: AED 35,000 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 B, and where 1216 sits

All 352 studios →

1216 last sold in November 2024 at AED 920 per sqft, 7% above what studios in Lakeside Towers B were fetching at the time (AED 863). Over the last 12 months studios sold for AED 333,333 to 440,000, around AED 1,081 per sqft, and rent for AED 19,500 to 60,000 a year. 1216's AED 35,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
6 Nov 2026372,000
7 Oct 2026370,000
12 Sep 2026400,000
8 Sep 2026400,000
35 studio sales in the last 12 months

Lakeside Towers B

Building

484 apartments, studios to 1-bed over 23 floors in Dubai Production City (IMPZ), completed in 2014 by The Waves. 48 sold in the last 12 months.

Typical price per sqft
AED 1,048 Up 11.7%
Typical sale
AED 403K
Typical rent
AED 36K /yr
Typical yield
8.6%
Lakeside Towers B, Dubai Production City (IMPZ): prices, sales and rents →

Other units on the 12th floor

All 484 units in Lakeside Towers B
Value
12011-bedAED 505K · Apr 2026
12021-bedAED 1.39M · Feb 2015
1203StudioAED 363K · Dec 2013
1204StudioAED 354K · Mar 2014
1205StudioAED 390K · Nov 2017
1206StudioAED 300K · Oct 2023
1207StudioAED 285K · Sep 2023
1–7 of 21

1216, Lakeside Towers B in numbers

  • Sold twice: first on 8 July 2014 for AED 377,000, last on 21 November 2024 for AED 340,000 (AED 920 per sqft).
  • Rented since March 2015 on 12 Ejari contracts. The rent fell from AED 35,000 to AED 16,000 in 2021 and recovered to AED 35,000 by December 2025.
  • At AED 35,000 a year the gross yield on the 2024 price is 10.3%, before a service charge of about AED 5,100 a year (AED 13.70 per sqft).
  • Studios in Lakeside Towers B sold for AED 333,333–440,000 in the 12 months to November 2026; the building's median across all types is AED 1,048 per sqft.

Source: Dubai Land Department. Updated 16 December 2025.

Questions about 1216, Lakeside Towers B

What did unit 1216 last sell for?

AED 340,000 on 21 November 2024: AED 920 per sqft for 369 sqft. The unit has 2 registered sales; the first was AED 377,000 in July 2014.

What is the rent for unit 1216?

AED 35,000 a year on the contract signed on 16 December 2025. The previous contract, from April 2025, was AED 28,819; the unit has been rented since March 2015.

How big is unit 1216?

369 sqft (34.3 sqm): a studio on the 12th floor of a 23-storey tower completed in 2014.

What is unit 1216 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Lakeside Towers B sold for AED 333,333 to 440,000 in the last 12 months, around AED 1,081 per sqft.

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Mortgage on 1216, Lakeside Towers B

Starts from the last sale price (AED 340K, 21 November 2024). Switch to today's estimate once you have unlocked it.
Price
AED 340,000
Deposit, UAE resident (20%)
AED 68,000
Deposit, non-resident (40%)
AED 136,000
Monthly over 25 years at 3.7%
AED 1,391

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