1601, Lakeside Residence Tower
Sold prices and rental history: sold once, by the developer in May 2013, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1601, Lakeside Residence Tower
What is 1601 worth today?
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Source: Dubai Land Department. Updated 5 March 2021.
Key facts
- Type
- 2-bed apartment
- Size
- 1,072 sqft
- Floor
- 16th of 34
- Parking
- P.L.1/1130
- Developer
- Al Manal Development
- Completed
- 2012
- Service charge
- AED 14,700 /yr
- Last sold
- AED 1.14M · May 2013
- Building
- Lakeside Residence Tower
About 1601, Lakeside Residence Tower
1601 is a two-bedroom apartment of 1,072 sqft on the 16th floor of Lakeside Residence Tower, a 34-storey tower in Jumeirah Lake Towers (JLT) completed in 2012 by Al Manal Development. The developer sold it on 20 May 2013 for AED 1,142,848, or AED 1,066 per sqft, 8% above the AED 984 two-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 5 Ejari contracts. The current contract, signed on 5 March 2021, is AED 70,000 a year: a gross yield of 6.1% on the 2013 price, before the service charge of about AED 14,700 a year.
Sales and rents for 1601 over time
1601 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Lakeside Residence Tower, and where 1601 sits
All 132 2-beds →1601 last sold in May 2013 at AED 1,066 per sqft, 8% above what two-beds in Lakeside Residence Tower were fetching at the time (AED 984). Over the last 12 months two-beds sold for AED 1,750,000 to 1,950,000, around AED 1,525 per sqft, and rent for AED 60,000 to 170,000 a year. 1601's AED 70,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 2 Oct 20262 October 2026 | 1,291 sqft | 1,950,000 | 1,509 | ||
| 4 Sep 20264 September 2026 | 1,295 sqft | 1,850,000 | 1,429 | ||
| 4 Sep 20264 September 2026 | 1,167 sqft | 1,780,000 | 1,525 | ||
| 25 Aug 202625 August 2026 | 1,153 sqft | 1,800,000 | 1,561 |
Lakeside Residence Tower
Building358 apartments, 1-bed to 2-bed over 34 floors in Jumeirah Lake Towers (JLT), completed in 2012 by Al Manal Development. 18 sold in the last 12 months.
- Typical price per sqft
- AED 1,543 Up 6.1%
- Typical sale
- AED 1.33M
- Typical rent
- AED 84K /yr
- Typical yield
- 6.3%
Other units on the 16th floor
All 358 units in Lakeside Residence Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1602 | 1-bed | 764 sqft | AED 802KAED 802,205 · Jun 2013June 2013 | 80,000 /yr | |
| 1603 | 1-bed | 801 sqft | AED 843KAED 842,813 · Jun 2013June 2013 | 47,000 /yr | |
| 1604 | 2-bed | 1,219 sqft | AED 1.24MAED 1,235,000 · Mar 2023March 2023 | 78,000 /yr | |
| 1605 | 1-bed | 842 sqft | AED 1.05MAED 1,050,000 · Jan 2016January 2016 | 105,000 /yr | |
| 1606 | 2-bed | 1,072 sqft | AED 1.06MAED 1,061,550 · Jan 2013January 2013 | 105,000 /yr | |
| 1607 | 1-bed | 801 sqft | AED 817KAED 816,802 · Feb 2013February 2013 | 52,000 /yr | |
| 1608 | 1-bed | 764 sqft | AED 778KAED 777,510 · Jul 2013July 2013 | 90,000 /yr | |
| 1609 | 2-bed | 1,212 sqft | AED 490KAED 490,000 · Apr 2021April 2021 | 120,000 /yr | |
| 1610 | 1-bed | 834 sqft | AED 1.24MAED 1,235,000 · Feb 2017February 2017 | 120,000 /yr |
1601, Lakeside Residence Tower in numbers
- Sold once: by Al Manal Development on 20 May 2013 for AED 1,142,848, or AED 1,066 per sqft.
- Rented since September 2015 on 5 Ejari contracts. The rent fell from AED 110,000 to AED 60,000 in 2021 and recovered to AED 70,000 by March 2021.
- At AED 70,000 a year the gross yield on the 2013 price is 6.1%, before a service charge of about AED 14,700 a year (AED 13.70 per sqft).
- Two-beds in Lakeside Residence Tower sold for AED 1,750,000–1,950,000 in the 12 months to November 2026; the building's median across all types is AED 1,543 per sqft.
Source: Dubai Land Department. Updated 5 March 2021.
Questions about 1601, Lakeside Residence Tower
What did unit 1601 last sell for?
AED 1,142,848 on 20 May 2013, sold by the developer: AED 1,066 per sqft for 1,072 sqft. It is the only registered sale of the unit.
What is the rent for unit 1601?
AED 70,000 a year on the contract signed on 5 March 2021. The previous contract, from March 2021, was AED 60,000; the unit has been rented since September 2015.
How big is unit 1601?
1,072 sqft (99.6 sqm): a two-bedroom apartment on the 16th floor of a 34-storey tower completed in 2012.
What is unit 1601 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Lakeside Residence Tower sold for AED 1,750,000 to 1,950,000 in the last 12 months, around AED 1,525 per sqft.
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Mortgage on 1601, Lakeside Residence Tower
Starts from the last sale price (AED 1.14M, 20 May 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 1,142,848
- Deposit, UAE resident (20%)
- AED 228,570
- Deposit, non-resident (40%)
- AED 457,139
- Monthly over 25 years at 3.7%
- AED 4,676
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →