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Studio · 369 sqftLakeside Towers B, Dubai Production City (IMPZ) · 7th floor · completed 2014

709, Lakeside Towers B

Sold prices and rental history: sold once, by the developer in May 2009, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 709 · DLD and Ejari recordsUpdated 15 February 2023
Last soldAED 373K28 May 2009
Current rentAED 20K /yr15 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 709, Lakeside Towers B

What is 709 worth today?

Last sold for AED 373,000 in 2009

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15 Feb 2023RentedRenewal
AED 20,000/yr12 months · AED 55 per sqft
15 Feb 2022RentedRenewal
AED 16,000/yr12 months · AED 44 per sqft
15 Feb 2021RentedNew contract
AED 14,000/yr12 months · AED 38 per sqft
5 May 2018RentedNew contract
AED 32,000/yr12 months · AED 87 per sqft
25 Oct 2015RentedNew contract
AED 40,000/yr12 months · AED 109 per sqft
28 May 2009Sold by developerOff-plan
AED 373,000AED 1,009 per sqft

Source: Dubai Land Department. Updated 15 February 2023.

Key facts

Type
Studio apartment
Size
369 sqft
Floor
7th of 23
Parking
B2-68
Developer
The Waves
Completed
2014
Service charge
AED 5,100 /yr
Last sold
AED 373K · May 2009
Building
Lakeside Towers B

About 709, Lakeside Towers B

709 is a studio of 369 sqft on the 7th 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 28 May 2009 for AED 373,000, or AED 1,009 per sqft, 4% below 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, renewed on 15 February 2023, is AED 20,000 a year: a gross yield of 5.4% on the 2009 price, before the service charge of about AED 5,100 a year.

Sales and rents for 709 over time

Sales
Unit 709, 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, May 2009: AED 373,000 (AED 1,009 per sqft)

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

Rents
Unit 709, 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, October 2015: AED 40,000 a yearNew contract, May 2018: AED 32,000 a yearNew contract, February 2021: AED 14,000 a yearRenewal, February 2022: AED 16,000 a yearRenewal, February 2023: AED 20,000 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 709 sits

All 352 studios →

709 last sold in May 2009 at AED 1,009 per sqft, 4% below 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 1,081 per sqft, and rent for AED 19,500 to 60,000 a year. 709's AED 20,000 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 7th floor

All 484 units in Lakeside Towers B
Value
7011-bedAED 665K · Feb 2014
7021-bedAED 615K · Apr 2017
703StudioAED 400K · Nov 2015
704StudioAED 373K · Jun 2009
705StudioAED 421K · May 2014
706StudioAED 205K · May 2021
707StudioAED 415K · May 2026
1–7 of 21

709, Lakeside Towers B in numbers

  • Sold once: by The Waves on 28 May 2009 for AED 373,000, or AED 1,009 per sqft.
  • Rented since October 2015 on 5 Ejari contracts. The rent fell from AED 40,000 to AED 14,000 in 2021 and recovered to AED 20,000 by February 2023.
  • At AED 20,000 a year the gross yield on the 2009 price is 5.4%, 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 15 February 2023.

Questions about 709, Lakeside Towers B

What did unit 709 last sell for?

AED 373,000 on 28 May 2009, sold by the developer: AED 1,009 per sqft for 369 sqft. It is the only registered sale of the unit.

What is the rent for unit 709?

AED 20,000 a year on the contract renewed on 15 February 2023. The previous contract, from February 2022, was AED 16,000; the unit has been rented since October 2015.

How big is unit 709?

369 sqft (34.3 sqm): a studio on the 7th floor of a 23-storey tower completed in 2014.

What is unit 709 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 709, Lakeside Towers B

Starts from the last sale price (AED 373K, 28 May 2009). Switch to today's estimate once you have unlocked it.
Price
AED 373,000
Deposit, UAE resident (20%)
AED 74,600
Deposit, non-resident (40%)
AED 149,200
Monthly over 25 years at 3.7%
AED 1,526

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