1603, Lakeside Residence Tower
Sold prices and rental history: sold once, by the developer in June 2013, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1603, Lakeside Residence Tower
What is 1603 worth today?
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Source: Dubai Land Department. Updated 10 December 2021.
Key facts
- Type
- 1-bed apartment
- Size
- 801 sqft
- Floor
- 16th of 34
- Parking
- P.L.1/1132
- Developer
- Al Manal Development
- Completed
- 2012
- Service charge
- AED 11,000 /yr
- Last sold
- AED 843K · June 2013
- Building
- Lakeside Residence Tower
About 1603, Lakeside Residence Tower
1603 is a one-bedroom apartment of 801 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 3 June 2013 for AED 842,813, or AED 1,052 per sqft, 5% above the AED 1,003 one-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, renewed on 10 December 2021, is AED 47,000 a year: a gross yield of 5.6% on the 2013 price, before the service charge of about AED 11,000 a year.
Sales and rents for 1603 over time
1603 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Lakeside Residence Tower, and where 1603 sits
All 226 1-beds →1603 last sold in June 2013 at AED 1,052 per sqft, 5% above what one-beds in Lakeside Residence Tower were fetching at the time (AED 1,003). Over the last 12 months one-beds sold for AED 1,000,000 to 1,350,000, around AED 1,570 per sqft, and rent for AED 47,500 to 120,000 a year. 1603's AED 47,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 23 Oct 202623 October 2026 | 834 sqft | 1,260,000 | 1,510 | ||
| 9 Sep 20269 September 2026 | 834 sqft | 1,020,000 | 1,223 | ||
| 5 Aug 20265 August 2026 | 709 sqft | 18,112 | 25 | ||
| 30 Jul 202630 July 2026 | 850 sqft | 1,000,000 | 1,175 |
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 | |||||
|---|---|---|---|---|---|
| 1601 | 2-bed | 1,072 sqft | AED 1.14MAED 1,142,848 · May 2013May 2013 | 60,000 /yr | |
| 1602 | 1-bed | 764 sqft | AED 802KAED 802,205 · Jun 2013June 2013 | 80,000 /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 |
1603, Lakeside Residence Tower in numbers
- Sold once: by Al Manal Development on 3 June 2013 for AED 842,813, or AED 1,052 per sqft.
- Rented since September 2013 on 8 Ejari contracts, from AED 75,000 to AED 47,000 a year.
- At AED 47,000 a year the gross yield on the 2013 price is 5.6%, before a service charge of about AED 11,000 a year (AED 13.70 per sqft).
- One-beds in Lakeside Residence Tower sold for AED 1,000,000–1,350,000 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 10 December 2021.
Questions about 1603, Lakeside Residence Tower
What did unit 1603 last sell for?
AED 842,813 on 3 June 2013, sold by the developer: AED 1,052 per sqft for 801 sqft. It is the only registered sale of the unit.
What is the rent for unit 1603?
AED 47,000 a year on the contract renewed on 10 December 2021. The previous contract, from December 2020, was AED 43,000; the unit has been rented since September 2013.
How big is unit 1603?
801 sqft (74.4 sqm): a one-bedroom apartment on the 16th floor of a 34-storey tower completed in 2012.
What is unit 1603 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Lakeside Residence Tower sold for AED 1,000,000 to 1,350,000 in the last 12 months, around AED 1,570 per sqft.
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Mortgage on 1603, Lakeside Residence Tower
Starts from the last sale price (AED 843K, 3 June 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 842,813
- Deposit, UAE resident (20%)
- AED 168,563
- Deposit, non-resident (40%)
- AED 337,125
- Monthly over 25 years at 3.7%
- AED 3,448
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →