Lakeside in Dubai Production City - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for completed properties in Lakeside

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
Studio	34	10,108	345,438
1	68	7,868	534,000

Rents in Lakeside

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
Studio	34	957	32,579
1	65	785	50,869

The cap rate (rental yield) of investments into Lakeside project is 9.7% on average.

The price of an apartment in Lakeside is 9,250 AED/sqm on average.

Price for completed Studio apartment in Lakeside is 345,438 AED or 10,108 AED/sqm.
Price for completed 1 bedroom apartment in Lakeside is 534,000 AED or 7,868 AED/sqm.

Rent in Lakeside is 7,868 AED/sqm/year on average for long term rent of an apartment.

Rent for Studio apartment in Lakeside is 32,579 AED or 957 AED/sqm.
Rent for 1 bedroom apartment in Lakeside is 50,869 AED or 785 AED/sqm.

About Lakeside

'Lakeside' in 'Dubai Production City' area project description

Lakeside 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 2014 and is home to four high-rise towers, each with 21 floors.

Key distinctive features:

The project is designed around a central lake, with a variety of water features 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:

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, Lakeside is a good option for those who are looking for a modern and luxurious place to live in Dubai. However, it is important to be aware of the potential disadvantages before making a decision to move there.

Here are some additional details about Lakeside:

The project is developed by Damac Properties.
The project is home to a number of amenities, including swimming pools, tennis courts, children's play area, and landscaped gardens.
The project is located close to a number of schools, mosques, and supermarkets.
The project is also close to a number of parks and green spaces.

Q&A on Lakeside

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

1. Prime Location: Lakeside is located in the heart of Dubai, offering easy access to the city’s major attractions and amenities.

2. Luxury Living: Lakeside offers luxurious living with high-end facilities and amenities such as swimming pools, gyms, and spas.

3. Affordable Prices: Lakeside offers competitively priced units, making it an attractive option for real estate buyers looking for value for money.

4. High Rental Yields: Lakeside offers investors high rental yields, making it an attractive option for those looking to generate income from their real estate investments.

5. High Resale Value: Lakeside offers investors the potential for high resale value, making it a great option for those looking to capitalize on their investments in the future.

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

- IMPZ Silicon Oasis: This development offers modern residential and commercial properties with advanced infrastructure and amenities such as schools, healthcare facilities, and ample green spaces. It is known for its well-planned community and accessibility to major highways.

- Me'aisem City Centre Residences: Located near a significant retail hub, these residences provide easy access to shopping, dining, and entertainment options. The project is designed for convenience with ample parking, high-quality finishes, and a variety of unit layouts.

- Midtown by Deyaar: This project features multiple residential towers with a focus on community living. Midtown offers extensive recreational facilities including parks, swimming pools, and sports courts. The development is praised for its family-friendly environment and proximity to schools and retail outlets.

- Centrium Towers: Known for its contemporary design and affordability, Centrium Towers provide essential amenities such as gyms, swimming pools, and 24/7 security. The development is strategically located to offer ease of commute to other parts of Dubai.

- Green Community Motor City: Though slightly further, it’s worth mentioning for its lush landscapes, serene environment, and top-notch amenities like fitness centers and jogging tracks. The project is perfect for families looking for a peaceful residential setting.

Each of these projects offers distinct advantages in terms of amenities, accessibility, and community feel, which can offer more value depending on specific needs and preferences compared to the Lakeside project.