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Studio · 376 sqftLakeside Towers B, Dubai Production City (IMPZ) · 6th floor · completed 2014

620, Lakeside Towers B

Sold prices and rental history: sold once, by the developer in October 2013, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 620 · DLD and Ejari recordsUpdated 1 April 2023
Last soldAED 326K22 October 2013
Current rentAED 23K /yr1 April 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 620, Lakeside Towers B

What is 620 worth today?

Last sold for AED 326,400 in 2013

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1 Apr 2023RentedNew contract
AED 23,000/yr12 months · AED 61 per sqft
1 Apr 2021RentedNew contract
AED 20,000/yr12 months · AED 53 per sqft
1 Apr 2018RentedRenewal
AED 35,000/yr12 months · AED 93 per sqft
1 Apr 2017RentedNew contract
AED 38,000/yr12 months · AED 101 per sqft
25 Mar 2016RentedNew contract
AED 40,000/yr12 months · AED 106 per sqft
22 Oct 2013Sold by developerOff-plan
AED 326,400AED 869 per sqft

Source: Dubai Land Department. Updated 1 April 2023.

Key facts

Type
Studio apartment
Size
376 sqft
Floor
6th of 23
Parking
B3-291
Developer
The Waves
Completed
2014
Service charge
AED 5,100 /yr
Last sold
AED 326K · October 2013
Building
Lakeside Towers B

About 620, Lakeside Towers B

620 is a studio of 376 sqft on the 6th floor of Lakeside Towers B, a 23-storey tower in Dubai Production City (IMPZ) completed in 2014 by The Waves. The developer sold it on 22 October 2013 for AED 326,400, or AED 869 per sqft, in line with the AED 867 studios in the building were fetching at the time.

It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, signed on 1 April 2023, is AED 23,000 a year: a gross yield of 7.0% on the 2013 price, before the service charge of about AED 5,100 a year.

Sales and rents for 620 over time

Sales
Unit 620, 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, October 2013: AED 326,400 (AED 869 per sqft)

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

Rents
Unit 620, 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, March 2016: AED 40,000 a yearNew contract, April 2017: AED 38,000 a yearRenewal, April 2018: AED 35,000 a yearNew contract, April 2021: AED 20,000 a yearNew contract, April 2023: AED 23,000 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 620 sits

All 352 studios →

620 last sold in October 2013 at AED 869 per sqft, in line with what studios in Lakeside Towers B were fetching at the time (AED 867). 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. 620's AED 23,000 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 6th floor

All 484 units in Lakeside Towers B
Value
6011-bedAED 722K · Jun 2009
6021-bedAED 608K · Feb 2010
603StudioAED 325K · Oct 2013
604StudioAED 300K · Mar 2023
605StudioAED 509K · Aug 2014
606StudioAED 350K · Apr 2024
607StudioAED 385K · Feb 2016
1–7 of 21

620, Lakeside Towers B in numbers

  • Sold once: by The Waves on 22 October 2013 for AED 326,400, or AED 869 per sqft.
  • Rented since March 2016 on 5 Ejari contracts. The rent fell from AED 40,000 to AED 20,000 in 2021 and recovered to AED 23,000 by April 2023.
  • At AED 23,000 a year the gross yield on the 2013 price is 7.0%, 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 2023.

Questions about 620, Lakeside Towers B

What did unit 620 last sell for?

AED 326,400 on 22 October 2013, sold by the developer: AED 869 per sqft for 376 sqft. It is the only registered sale of the unit.

What is the rent for unit 620?

AED 23,000 a year on the contract signed on 1 April 2023. The previous contract, from April 2021, was AED 20,000; the unit has been rented since March 2016.

How big is unit 620?

376 sqft (34.9 sqm): a studio on the 6th floor of a 23-storey tower completed in 2014.

What is unit 620 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 620, Lakeside Towers B

Starts from the last sale price (AED 326K, 22 October 2013). Switch to today's estimate once you have unlocked it.
Price
AED 326,400
Deposit, UAE resident (20%)
AED 65,280
Deposit, non-resident (40%)
AED 130,560
Monthly over 25 years at 3.7%
AED 1,335

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