LAKESIDE
MatureDeveloperTHE WAVES FZ-LLC
CommunityInternational Media Production Zone
AreaMe'Aisem First
Started
15 years 10 months ago01-03-2010
Handover
11 years 5 months ago07-08-2014
Status
CompleteFinished
Project Description
Freehold residential development located in Dubai's International Media Production Zone (IMPZ). The project consists of shared 3B+G+2P with 4 towers on top. Towers A & D consist of 22 storey each and tower B & C 23 storey each. The towers are made out of a concrete structure with external and internal finishing.
Performance Alpha
Sales Performance
Market Sales: Last 90Dvs Last 12M Baseline
Rising+6%Growth
Current:AED 1,028/sqft
Last 12M:AED 972/sqft
Momentum: Last 12Mvs Prior Year
Rising+14%Growth
Last 12M:AED 972/sqft
Prior Year:AED 856/sqft
Community Compare: Last 90DInternational Media Production Zone
Discount-17%Below Avg
Project:AED 1,028/sqft
Community:AED 1,244/sqft
Liquidity: Last 12MExit Speed
Moderate14%Turnover
269Sold (Last 12M)
Rental Performance
Rent Pricing: L12MPer Sqft / Year
AED 936/sqft
Range:AED 294 – AED 2K
Avg Unit:AED 38K/yr
Leasing Volume: L12MContracts Signed
Very Active1,700Total
New:826
Renew:874
Tenant RetentionRenewal Rate
Good51%renewals
49% new tenants51% renewals
Gross YieldAnnual Return
High Yield91.1%Yield
Rent:AED 936/sqft
Price:AED 1,028/sqft
Supply & Demand Matrix
LAKESIDE averaged 14% liquidity over the last 12 months, which is considered moderate. High velocity indicates an active secondary market with easier exit potential. Lower velocity suggests long-term holds or cooling demand.
Type
Absorption (L12M)
Velocity
Studio
1,422 units
197 sold1225 left
14%
Velocity
1 Bedroom
535 units
66 sold469 left
12%
Velocity
Shop
10 units
6 sold4 left
60%
Velocity
Layouts & Units (1,967)
| Asset Class | Inventory | Size Range | Price Range | Avg PSF | Sales | Trend | |
|---|---|---|---|---|---|---|---|
Asset Class Studio FlatFloors 1-23 | Inventory 1,422units 5 layouts · Typically 1 parking ~5 sqm balcony | Size Range 179-376sqft | Price Range AED 2K - AED 550K | Avg PSF 880 | Sales 1212 | Trend — | |
Asset Class 1 Bed FlatFloors 1-23 | Inventory 535units 13 layouts · Typically 1 parking 3-11 sqm balcony | Size Range 135-812sqft | Price Range AED 130K - AED 1.0M | Avg PSF 681 | Sales 369 | Trend — | |
Asset Class Land | Inventory 0units | Size Range 365-374sqft | Price Range — | Avg PSF 5,956 | Sales 0 | Trend — | |
Asset Class ShopPodium + Floor 1 | Inventory 10units 10 layouts · Typically 1 parking ~12 sqm balcony | Size Range 600-3,280sqft | Price Range AED 1.3M - AED 2.7M | Avg PSF 1,062 | Sales 10 | Trend — |
Grouped into 4 asset classes covering 1,967 units