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Studio · 369 sqftLakeside Towers B, Dubai Production City (IMPZ) · 4th floor · completed 2014

409, Lakeside Towers B

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

Unit 409 · DLD and Ejari recordsUpdated 1 April 2024
Last soldAED 490K20 October 2015
Current rentAED 25K /yr1 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 409, Lakeside Towers B

What is 409 worth today?

Last sold for AED 490,000 in 2015

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1 Apr 2024RentedNew contract
AED 25,300/yr12 months · AED 69 per sqft
1 Apr 2023RentedNew contract
AED 22,000/yr12 months · AED 60 per sqft
18 May 2017RentedRenewal
AED 38,000/yr12 months · AED 103 per sqft
18 May 2016RentedRenewal
AED 38,000/yr12 months · AED 103 per sqft
20 Oct 2015SoldReady
AED 490,000AED 1,326 per sqft
18 May 2015RentedNew contract
AED 38,000/yr12 months · AED 103 per sqft
24 Feb 2014SoldOff-plan
AED 350,000AED 947 per sqft
10 Jun 2009Sold by developerOff-plan
AED 367,000AED 993 per sqft

Source: Dubai Land Department. Updated 1 April 2024.

Key facts

Type
Studio apartment
Size
369 sqft
Floor
4th of 23
Parking
B3-225
Developer
The Waves
Completed
2014
Service charge
AED 5,100 /yr
Last sold
AED 490K · October 2015
Building
Lakeside Towers B

About 409, Lakeside Towers B

409 is a studio of 369 sqft on the 4th floor of Lakeside Towers B, a 23-storey tower in Dubai Production City (IMPZ) completed in 2014 by The Waves. It last sold on 20 October 2015 for AED 490,000, or AED 1,326 per sqft, 26% above the AED 1,056 studios in the building were fetching at the time.

It has been rented continuously since 2015 on 5 Ejari contracts. The current contract, signed on 1 April 2024, is AED 25,300 a year: a gross yield of 5.2% on the 2015 price, before the service charge of about AED 5,100 a year.

Sales and rents for 409 over time

Sales
Unit 409, 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 395,000Sold by developer, June 2009: AED 367,000 (AED 993 per sqft)Sold, February 2014: AED 350,000 (AED 947 per sqft)Sold, October 2015: AED 490,000 (AED 1,326 per sqft)

409 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 409, 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, May 2015: AED 38,000 a yearRenewal, May 2016: AED 38,000 a yearRenewal, May 2017: AED 38,000 a yearNew contract, April 2023: AED 22,000 a yearNew contract, April 2024: AED 25,300 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 409 sits

All 352 studios →

409 last sold in October 2015 at AED 1,326 per sqft, 26% above what studios in Lakeside Towers B were fetching at the time (AED 1,056). Over the last 12 months studios sold for AED 333,333 to 440,000, around AED 1,082 per sqft, and rent for AED 19,500 to 60,000 a year. 409's AED 25,300 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
7 Oct 2026370,000
12 Sep 2026400,000
8 Sep 2026400,000
21 Aug 2026385,000
34 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. 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 4th floor

All 484 units in Lakeside Towers B
Value
4011-bedAED 545K · Jun 2017
4021-bedAED 590K · Jul 2024
403StudioAED 312K · Jun 2024
404StudioAED 367K · Jun 2009
405StudioAED 312K · Jun 2024
406StudioAED 312K · Jun 2024
407StudioAED 345K · Dec 2024
1–7 of 21

409, Lakeside Towers B in numbers

  • Sold 3 times: first on 10 June 2009 for AED 367,000, last on 20 October 2015 for AED 490,000 (AED 1,326 per sqft).
  • Rented since May 2015 on 5 Ejari contracts. The rent fell from AED 38,000 to AED 22,000 in 2023 and recovered to AED 25,300 by April 2024.
  • At AED 25,300 a year the gross yield on the 2015 price is 5.2%, 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 1,054 per sqft.

Source: Dubai Land Department. Updated 1 April 2024.

Questions about 409, Lakeside Towers B

What did unit 409 last sell for?

AED 490,000 on 20 October 2015: AED 1,326 per sqft for 369 sqft. The unit has 3 registered sales; the first was AED 367,000 in June 2009.

What is the rent for unit 409?

AED 25,300 a year on the contract signed on 1 April 2024. The previous contract, from April 2023, was AED 22,000; the unit has been rented since May 2015.

How big is unit 409?

369 sqft (34.3 sqm): a studio on the 4th floor of a 23-storey tower completed in 2014.

What is unit 409 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 1,082 per sqft.

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Mortgage on 409, Lakeside Towers B

Starts from the last sale price (AED 490K, 20 October 2015). Switch to today's estimate once you have unlocked it.
Price
AED 490,000
Deposit, UAE resident (20%)
AED 98,000
Deposit, non-resident (40%)
AED 196,000
Monthly over 25 years at 3.7%
AED 2,005

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