Lago Vista in Dubai Production City - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for completed properties in Lago Vista

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
Studio	46	6,563	302,500
1	92	6,306	580,000
2	127	7,021	888,750

Rents in Lago Vista

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
Studio	46	802	36,907
2	117	667	78,000

The cap rate (rental yield) of investments into Lago Vista project is 9.8% on average.

The price of an apartment in Lago Vista is 6,801 AED/sqm on average.

The long term rent of an apartment in Lago Vista is 766 AED/sqm/year on average.

Price for completed Studio apartment in Lago Vista is 302,500 AED or 6,563 AED/sqm.
Price for completed 1 bedroom apartment in Lago Vista is 580,000 AED or 6,306 AED/sqm.
Price for completed 2 bedroom apartment in Lago Vista is 888,750 AED or 7,021 AED/sqm.

Rent for Studio apartment in Lago Vista is 36,907 AED or 802 AED/sqm.
Rent for 2 bedroom apartment in Lago Vista is 78,000 AED or 667 AED/sqm.

About Lago Vista

'Lago Vista' in 'Dubai Production City' area project description

Lago Vista is a residential project located in Dubai Production City (IMPZ), Dubai, United Arab Emirates. It is situated off of Al Fay Road, near the Dubai Autodrome. The project was opened in 2009 and is home to three high-rise towers, each with 21 or 24 floors.

Key distinctive features:

The project is designed around a crescent-shaped podium hosting shared facilities, including swimming pools, tennis courts, children's play area and landscaped gardens.
The apartments offer contemporary studio, one and two bedroom apartments with balcony, fitted wardrobes and marbled kitchen, along with indoor community facilities such as games room and gymnasium.
The project is located in a free zone area, which means that businesses operating in the area are not subject to the same taxes and regulations as businesses in other parts of Dubai.
The project is well-connected to other parts of Dubai, with easy access to the Sheikh Zayed Road and the Al Khail Road.

Disadvantages:

The project can be quite expensive to live in.
There is limited public transportation in the area, so you will need to have a car if you want to get around easily.
The project is located in a relatively remote area, so it can be a bit far from the hustle and bustle of the city center.

Overall, Lago Vista is a good option for those who are looking for a modern and luxurious place to live in Dubai.

Q&A on Lago Vista

What are the advantages of 'Lago Vista' project in Dubai for property buyers? What are the disadvantages?

1. Prime Location: Lago Vista is located in the heart of Dubai, close to some of the most desirable areas in the city, such as Dubai Marina, Jumeirah Beach Residence, and Palm Jumeirah. This makes it a great option for those looking for a convenient and luxurious lifestyle.

2. Affordable Prices: Lago Vista offers some of the most competitive prices in the area, making it an attractive option for real estate buyers.

3. Quality Construction: The project is built to the highest standards, with quality materials and modern designs.

4. Amenities: Lago Vista offers a range of amenities, such as a swimming pool, gym, and children’s play area, making it a great option for families.

5. Investment Potential: The project is located in an area with high potential for capital appreciation, making it a great option for investors.

What projects are better than 'Lago Vista' project in Dubai which are located close by, and why?

- IMPZ Lakeside: Offers a more integrated community experience with amenities like swimming pools, tennis courts, and retail spaces, making it ideal for families and professionals.

- Ghaya Grand Hotel & Apartments: Provides luxury hotel-style living with additional services, including housekeeping and concierge services, which can be appealing for those looking for high-end amenities.

- Centrium Towers: Features larger unit sizes and a variety of floor plans, catering to those needing more space while still enjoying modern amenities such as fitness centers and children's play areas.

- Dubai Sports City (nearby): Offers a range of properties with extensive sporting facilities, including golf courses, cricket stadium, and fitness centers, suitable for sports enthusiasts and families.

- Victory Heights: A master-planned community within Dubai Sports City, focusing on a green environment with landscaped parks, making it an excellent choice for those prioritizing spacious outdoor areas and a family-friendly atmosphere.