506, Lakeside Residence Tower
Sold prices and rental history: sold twice, last in July 2019, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Lakeside Residence Tower
What is 506 worth today?
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Source: Dubai Land Department. Updated 28 July 2019.
Key facts
- Type
- 1-bed apartment
- Size
- 831 sqft
- Floor
- 5th of 34
- Parking
- B2/11
- Developer
- Al Manal Development
- Completed
- 2012
- Service charge
- AED 11,400 /yr
- Last sold
- AED 800K · July 2019
- Building
- Lakeside Residence Tower
About 506, Lakeside Residence Tower
506 is a one-bedroom apartment of 831 sqft on the 5th floor of Lakeside Residence Tower, a 34-storey tower in Jumeirah Lake Towers (JLT) completed in 2012 by Al Manal Development. It last sold on 28 July 2019 for AED 800,000, or AED 962 per sqft, 8% below the AED 1,047 one-beds in the building were fetching at the time.
It has been rented since 2016 on 3 Ejari contracts. The current contract, renewed on 23 September 2018, is AED 74,586 a year: a gross yield of 9.3% on the 2019 price, before the service charge of about AED 11,400 a year.
Sales and rents for 506 over time
506 has sold twice; 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 506 sits
All 226 1-beds →506 last sold in July 2019 at AED 962 per sqft, 8% below what one-beds in Lakeside Residence Tower were fetching at the time (AED 1,047). 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. 506's AED 74,586 is in the lower half 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 5th floor
All 358 units in Lakeside Residence Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,153 sqft | AED 1.08MAED 1,077,836 · Apr 2013April 2013 | 105,289 /yr | |
| 502 | 1-bed | 720 sqft | AED 729KAED 728,652 · Feb 2013February 2013 | 76,000 /yr | |
| 503 | 1-bed | 850 sqft | AED 1.45MAED 1,450,000 · Apr 2025April 2025 | 69,812 /yr | |
| 504 | 1-bed | 709 sqft | AED 920KAED 920,000 · Dec 2016December 2016 | 77,000 /yr | |
| 505 | 2-bed | 1,292 sqft | AED 1.55MAED 1,550,000 · Apr 2016April 2016 | 115,000 /yr | |
| 507 | 2-bed | 1,153 sqft | AED 680KAED 680,000 · Jan 2017January 2017 | 110,000 /yr | |
| 508 | 1-bed | 709 sqft | AED 671KAED 671,000 · Feb 2013February 2013 | 75,000 /yr | |
| 509 | 1-bed | 850 sqft | AED 791KAED 790,904 · Mar 2013March 2013 | 45,000 /yr | |
| 510 | 1-bed | 709 sqft | AED 641KAED 641,000 · Jun 2013June 2013 | 70,000 /yr | |
| 511 | 2-bed | 1,295 sqft | AED 990KAED 990,000 · Jun 2021June 2021 | 110,000 /yr | |
| 512 | 1-bed | 835 sqft | AED 1.17MAED 1,166,000 · Oct 2025October 2025 | 85,000 /yr |
506, Lakeside Residence Tower in numbers
- Sold twice: first on 2 October 2013 for AED 787,332, last on 28 July 2019 for AED 800,000 (AED 962 per sqft).
- Rented since September 2016 on 3 Ejari contracts, from AED 81,863 to AED 74,586 a year.
- At AED 74,586 a year the gross yield on the 2019 price is 9.3%, before a service charge of about AED 11,400 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 28 July 2019.
Questions about 506, Lakeside Residence Tower
What did unit 506 last sell for?
AED 800,000 on 28 July 2019: AED 962 per sqft for 831 sqft. The unit has 2 registered sales; the first was AED 787,332 in October 2013.
What is the rent for unit 506?
AED 74,586 a year on the contract renewed on 23 September 2018. The previous contract, from September 2017, was AED 83,000; the unit has been rented since September 2016.
How big is unit 506?
831 sqft (77.2 sqm): a one-bedroom apartment on the 5th floor of a 34-storey tower completed in 2012.
What is unit 506 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 506, Lakeside Residence Tower
Starts from the last sale price (AED 800K, 28 July 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 800,000
- Deposit, UAE resident (20%)
- AED 160,000
- Deposit, non-resident (40%)
- AED 320,000
- Monthly over 25 years at 3.7%
- AED 3,273
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →