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

716, Lakeside Towers D

Sold prices and rental history: sold twice, last in July 2024, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 716 · DLD and Ejari recordsUpdated 1 December 2024
Last soldAED 320K10 July 2024
Current rentAED 32K /yr1 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 716, Lakeside Towers D

What is 716 worth today?

Last sold for AED 320,000 in 2024

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1 Dec 2024RentedRenewal
AED 32,000/yr12 months · AED 87 per sqft
10 Jul 2024SoldReady
AED 320,000AED 866 per sqft
1 Dec 2023RentedRenewal
AED 25,300/yr12 months · AED 69 per sqft
1 Dec 2022RentedNew contract
AED 23,000/yr12 months · AED 62 per sqft
19 Nov 2021RentedRenewal
AED 18,000/yr12 months · AED 49 per sqft
19 Nov 2020RentedNew contract
AED 16,000/yr12 months · AED 43 per sqft
1 Sep 2019RentedRenewal
AED 25,000/yr12 months · AED 68 per sqft
1 Sep 2018RentedNew contract
AED 30,000/yr12 months · AED 81 per sqft

Source: Dubai Land Department. Updated 1 December 2024.

Key facts

Type
Studio apartment
Size
369 sqft
Floor
7th of 22
Parking
B2-22
Developer
The Waves
Completed
2014
Service charge
AED 5,100 /yr
Last sold
AED 320K · July 2024
Building
Lakeside Towers D

About 716, Lakeside Towers D

716 is a studio of 369 sqft on the 7th floor of Lakeside Towers D, a 22-storey tower in Dubai Production City (IMPZ) completed in 2014 by The Waves. It last sold on 10 July 2024 for AED 320,000, or AED 866 per sqft, 5% above the AED 821 studios in the building were fetching at the time.

It has been rented continuously since 2015 on 10 Ejari contracts. The current contract, renewed on 1 December 2024, is AED 32,000 a year: a gross yield of 10.0% on the 2024 price, before the service charge of about AED 5,100 a year.

Sales and rents for 716 over time

Sales
Unit 716, each saleTypical studio in Lakeside Towers D
200K300K400K2009201420192024Typical sale price by year: 2009 AED 374,000; 2010 AED 326,062; 2012 AED 200,000; 2013 AED 320,450; 2014 AED 377,000; 2015 AED 395,000; 2016 AED 400,000; 2017 AED 405,000; 2018 AED 360,000; 2019 AED 250,000; 2020 AED 207,500; 2021 AED 210,000; 2022 AED 222,000; 2023 AED 270,000; 2024 AED 320,000; 2025 AED 373,000; 2026 AED 380,000Sold by developer, May 2009: AED 324,000 (AED 877 per sqft)Sold, July 2024: AED 320,000 (AED 866 per sqft)

716 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 716, each contractTypical studio in Lakeside Towers D
20K40K2015201920232027Typical rent by year: 2015 AED 36,796; 2016 AED 38,000; 2017 AED 36,000; 2018 AED 30,000; 2019 AED 24,000; 2020 AED 18,500; 2021 AED 17,000; 2022 AED 20,000; 2023 AED 23,500; 2024 AED 28,610; 2025 AED 34,000; 2026 AED 34,000; 2027 AED 35,000New contract, July 2015: AED 40,000 a yearNew contract, September 2016: AED 36,000 a yearRenewal, September 2017: AED 34,000 a yearNew contract, September 2018: AED 30,000 a yearRenewal, September 2019: AED 25,000 a yearNew contract, November 2020: AED 16,000 a yearRenewal, November 2021: AED 18,000 a yearNew contract, December 2022: AED 23,000 a yearRenewal, December 2023: AED 25,300 a yearRenewal, December 2024: AED 32,000 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 D, and where 716 sits

All 350 studios →

716 last sold in July 2024 at AED 866 per sqft, 5% above what studios in Lakeside Towers D were fetching at the time (AED 821). Over the last 12 months studios sold for AED 250,000 to 430,000, around AED 1,075 per sqft, and rent for AED 12,600 to 60,000 a year. 716's AED 32,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
16 Oct 2026355,000
8 Oct 2026420,000
14 Sep 2026375,000
10 Sep 2026380,000
28 studio sales in the last 12 months

Lakeside Towers D

Building

483 apartments, studios to 1-bed over 22 floors in Dubai Production City (IMPZ), completed in 2014 by The Waves. 34 sold in the last 12 months.

Typical price per sqft
AED 1,047 Up 9.3%
Typical sale
AED 400K
Typical rent
AED 36K /yr
Typical yield
8.4%
Lakeside Towers D, Dubai Production City (IMPZ): prices, sales and rents →

Other units on the 7th floor

All 483 units in Lakeside Towers D
Value
7011-bedAED 390K · Jul 2023
7021-bedAED 390K · May 2024
703StudioAED 312K · Jun 2024
704StudioAED 200K · Jul 2019
705StudioAED 340K · Feb 2019
706StudioAED 400K · Apr 2017
707StudioAED 324K · Jun 2009
1–7 of 21

716, Lakeside Towers D in numbers

  • Sold twice: first on 28 May 2009 for AED 324,000, last on 10 July 2024 for AED 320,000 (AED 866 per sqft).
  • Rented since July 2015 on 10 Ejari contracts. The rent fell from AED 40,000 to AED 16,000 in 2020 and recovered to AED 32,000 by December 2024.
  • At AED 32,000 a year the gross yield on the 2024 price is 10.0%, before a service charge of about AED 5,100 a year (AED 13.70 per sqft).
  • Studios in Lakeside Towers D sold for AED 250,000–430,000 in the 12 months to November 2026; the building's median across all types is AED 1,047 per sqft.

Source: Dubai Land Department. Updated 1 December 2024.

Questions about 716, Lakeside Towers D

What did unit 716 last sell for?

AED 320,000 on 10 July 2024: AED 866 per sqft for 369 sqft. The unit has 2 registered sales; the first was AED 324,000 in May 2009.

What is the rent for unit 716?

AED 32,000 a year on the contract renewed on 1 December 2024. The previous contract, from December 2023, was AED 25,300; the unit has been rented since July 2015.

How big is unit 716?

369 sqft (34.3 sqm): a studio on the 7th floor of a 22-storey tower completed in 2014.

What is unit 716 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Lakeside Towers D sold for AED 250,000 to 430,000 in the last 12 months, around AED 1,075 per sqft.

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Mortgage on 716, Lakeside Towers D

Starts from the last sale price (AED 320K, 10 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 320,000
Deposit, UAE resident (20%)
AED 64,000
Deposit, non-resident (40%)
AED 128,000
Monthly over 25 years at 3.7%
AED 1,309

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