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Studio · 369 sqftLakeside Towers B, Dubai Production City (IMPZ) · 5th floor · completed 2014

509, Lakeside Towers B

Sold prices and rental history: sold 3 times, last in August 2016, and rented once, from April 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 509 · DLD and Ejari recordsUpdated 24 August 2016
Last soldAED 425K24 August 2016
Current rentAED 45K /yr16 April 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 509, Lakeside Towers B

What is 509 worth today?

Last sold for AED 425,000 in 2016

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24 Aug 2016SoldReady
AED 425,000AED 1,150 per sqft
16 Apr 2016RentedNew contract
AED 45,000/yr12 months · AED 123 per sqft
13 Aug 2015SoldReady
AED 300,000AED 812 per sqft
21 May 2014Sold by developerOff-plan
AED 320,450AED 867 per sqft

Source: Dubai Land Department. Updated 24 August 2016.

Key facts

Type
Studio apartment
Size
369 sqft
Floor
5th of 23
Parking
B3-247
Developer
The Waves
Completed
2014
Service charge
AED 5,100 /yr
Last sold
AED 425K · August 2016
Building
Lakeside Towers B

About 509, Lakeside Towers B

509 is a studio of 369 sqft on the 5th floor of Lakeside Towers B, a 23-storey tower in Dubai Production City (IMPZ) completed in 2014 by The Waves. It last sold on 24 August 2016 for AED 425,000, or AED 1,150 per sqft, 7% above the AED 1,071 studios in the building were fetching at the time.

One Ejari contract is registered, from 16 April 2016. The current contract, signed on 16 April 2016, is AED 45,000 a year: a gross yield of 10.6% on the 2016 price, before the service charge of about AED 5,100 a year.

Sales and rents for 509 over time

Sales
Unit 509, 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, May 2014: AED 320,450 (AED 867 per sqft)Sold, August 2015: AED 300,000 (AED 812 per sqft)Sold, August 2016: AED 425,000 (AED 1,150 per sqft)

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

Rents
Unit 509, each contractTypical studio in Lakeside Towers B
20K40K20152018202120242027Typical 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, April 2016: AED 45,000 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 509 sits

All 352 studios →

509 last sold in August 2016 at AED 1,150 per sqft, 7% above what studios in Lakeside Towers B were fetching at the time (AED 1,071). 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. 509's AED 45,000 is in the upper 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 5th floor

All 484 units in Lakeside Towers B
Value
5011-bedAED 558K · Aug 2014
5021-bedAED 1.28M · May 2009
503StudioAED 418K · Feb 2016
504StudioAED 375K · Jun 2026
505StudioAED 288K · Jul 2023
506StudioAED 312K · Jun 2024
507StudioAED 369K · May 2009
1–7 of 21

509, Lakeside Towers B in numbers

  • Sold 3 times: first on 21 May 2014 for AED 320,450, last on 24 August 2016 for AED 425,000 (AED 1,150 per sqft).
  • Rented since April 2016 on one Ejari contract, at AED 45,000 a year.
  • At AED 45,000 a year the gross yield on the 2016 price is 10.6%, 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 24 August 2016.

Questions about 509, Lakeside Towers B

What did unit 509 last sell for?

AED 425,000 on 24 August 2016: AED 1,150 per sqft for 369 sqft. The unit has 3 registered sales; the first was AED 320,450 in May 2014.

What is the rent for unit 509?

AED 45,000 a year on the contract signed on 16 April 2016.

How big is unit 509?

369 sqft (34.3 sqm): a studio on the 5th floor of a 23-storey tower completed in 2014.

What is unit 509 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 509, Lakeside Towers B

Starts from the last sale price (AED 425K, 24 August 2016). Switch to today's estimate once you have unlocked it.
Price
AED 425,000
Deposit, UAE resident (20%)
AED 85,000
Deposit, non-resident (40%)
AED 170,000
Monthly over 25 years at 3.7%
AED 1,739

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