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

1602, Lakeside Towers B

Sold prices and rental history: sold twice, last in January 2014, 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 5 September 2026
Last soldAED 610K21 January 2014
Current rentAED 48K /yr5 September 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1602, Lakeside Towers B

What is 1602 worth today?

Last sold for AED 610,000 in 2014

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5 Sep 2026RentedNew contract
AED 48,000/yr12 months · AED 70 per sqft
1 Aug 2025RentedNew contract
AED 52,000/yr12 months · AED 75 per sqft
1 Aug 2025RentedNew contract
AED 52,000/yr12 months · AED 75 per sqft
28 Apr 2024RentedNew contract
AED 50,000/yr12 months · AED 73 per sqft
1 Dec 2022RentedRenewal
AED 31,000/yr12 months · AED 46 per sqft
1 Dec 2021RentedRenewal
AED 26,000/yr12 months · AED 38 per sqft
1 Dec 2020RentedNew contract
AED 26,000/yr12 months · AED 38 per sqft
23 Jun 2017RentedNew contract
AED 54,000/yr12 months · AED 78 per sqft

Source: Dubai Land Department. Updated 5 September 2026.

Key facts

Type
1-bed apartment
Size
686 sqft
Floor
16th of 23
Parking
B1-261
Developer
The Waves
Completed
2014
Service charge
AED 9,400 /yr
Last sold
AED 610K · January 2014
Building
Lakeside Towers B

About 1602, Lakeside Towers B

1602 is a one-bedroom apartment of 686 sqft on the 16th 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 January 2014 for AED 610,000, or AED 889 per sqft, 8% above the AED 823 one-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 10 Ejari contracts. The current contract, signed on 5 September 2026, is AED 48,000 a year: a gross yield of 7.9% on the 2014 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 B
500K750K2009201420192024Typical sale price by year: 2009 AED 803,000; 2010 AED 719,000; 2012 AED 357,000; 2013 AED 565,040; 2014 AED 610,000; 2015 AED 650,000; 2016 AED 620,000; 2017 AED 590,000; 2018 AED 550,000; 2020 AED 343,300; 2021 AED 337,500; 2022 AED 335,000; 2023 AED 416,500; 2024 AED 520,000; 2025 AED 550,000; 2026 AED 587,728Sold by developer, December 2013: AED 577,598 (AED 842 per sqft)Sold, January 2014: AED 610,000 (AED 889 per sqft)

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

Rents
Unit 1602, each contractTypical one-bed in Lakeside Towers B
40K60K2015201920232027Typical rent by year: 2015 AED 56,000; 2016 AED 57,000; 2017 AED 54,000; 2018 AED 45,000; 2019 AED 38,000; 2020 AED 30,000; 2021 AED 27,000; 2022 AED 30,000; 2023 AED 35,000; 2024 AED 40,000; 2025 AED 47,200; 2026 AED 50,000New contract, April 2015: AED 58,000 a yearRenewal, April 2016: AED 58,000 a yearNew contract, June 2017: AED 54,000 a yearNew contract, December 2020: AED 26,000 a yearRenewal, December 2021: AED 26,000 a yearRenewal, December 2022: AED 31,000 a yearNew contract, April 2024: AED 50,000 a yearNew contract, August 2025: AED 52,000 a yearNew contract, August 2025: AED 52,000 a yearNew contract, September 2026: AED 48,000 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 B, and where 1602 sits

All 132 1-beds →

1602 last sold in January 2014 at AED 889 per sqft, 8% above what one-beds in Lakeside Towers B were fetching at the time (AED 823). Over the last 12 months one-beds sold for AED 505,000 to 750,000, around AED 886 per sqft, and rent for AED 18,000 to 105,159 a year. 1602's AED 48,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
17 Sep 2026560,000
2 Jun 2026650,000
4 May 2026550,000
28 Apr 2026505,000
13 1-bed 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. 47 sold in the last 12 months.

Typical price per sqft
AED 1,054 Up 12.3%
Typical sale
AED 405K
Typical rent
AED 36K /yr
Typical yield
8.6%
Lakeside Towers B, Dubai Production City (IMPZ): prices, sales and rents →

Other units on the 16th floor

All 484 units in Lakeside Towers B
Value
16011-bedAED 600K · Feb 2026
1603StudioAED 277K · Mar 2019
1604StudioAED 318K · Mar 2024
1605StudioAED 223K · Sep 2022
1606StudioAED 223K · Sep 2022
1607StudioAED 390K · May 2009
1608StudioAED 390K · May 2009
1–7 of 21

1602, Lakeside Towers B in numbers

  • Sold twice: first on 9 December 2013 for AED 577,598, last on 21 January 2014 for AED 610,000 (AED 889 per sqft).
  • Rented since April 2015 on 10 Ejari contracts. The rent fell from AED 58,000 to AED 26,000 in 2021 and recovered to AED 48,000 by September 2026.
  • At AED 48,000 a year the gross yield on the 2014 price is 7.9%, before a service charge of about AED 9,400 a year (AED 13.70 per sqft).
  • One-beds in Lakeside Towers B sold for AED 505,000–750,000 in the 12 months to November 2026; the building's median across all types is AED 1,054 per sqft.

Source: Dubai Land Department. Updated 5 September 2026.

Questions about 1602, Lakeside Towers B

What did unit 1602 last sell for?

AED 610,000 on 21 January 2014: AED 889 per sqft for 686 sqft. The unit has 2 registered sales; the first was AED 577,598 in December 2013.

What is the rent for unit 1602?

AED 48,000 a year on the contract signed on 5 September 2026. The previous contract, from August 2025, was AED 52,000; the unit has been rented since April 2015.

How big is unit 1602?

686 sqft (63.7 sqm): a one-bedroom apartment on the 16th floor of a 23-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 B sold for AED 505,000 to 750,000 in the last 12 months, around AED 886 per sqft.

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Mortgage on 1602, Lakeside Towers B

Starts from the last sale price (AED 610K, 21 January 2014). Switch to today's estimate once you have unlocked it.
Price
AED 610,000
Deposit, UAE resident (20%)
AED 122,000
Deposit, non-resident (40%)
AED 244,000
Monthly over 25 years at 3.7%
AED 2,496

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