Lake Terrace

A complete view of unit availability, highlighting which units are sold and which are still on the market. Explore detailed unit specifications, pricing ranges, and market benchmarks to make informed buying or investment decisions.

View all projects by DAMAC
579
Total Units
577
Sold
⃃ 745,000
Median Price
⃃ 1,140
Median Price /sqft
Construction progress: 100% (As of May-2008)
Start: May, 2006Completion: May, 2008

Lake Terrace Price Ranges by Unit Size, Compared to Area Prices

BedUnitsSize RangePriceArea Price
Compares the Current Market median price per sqft in the project to the current median price per sqft in the area.

Position vs. Area

Studio258470 sqft - 570 sqft⃃ 0.8M (1,690 /sqft)⃃ 1,930 /sqft
-12.43
1 Bed216720 sqft - 890 sqft⃃ 1.2M (1,600 /sqft)⃃ 2,300 /sqft
-30.46
2 Beds441,240 sqft - 1,670 sqft⃃ 1.9M (1,570 /sqft)⃃ 2,250 /sqft
-30.16
3 Beds261,470 sqft - 1,530 sqft⃃ 2.4M (1,560 /sqft)⃃ 2,240 /sqft
-30.21

Current market shows transactions from the past 365 days across both primary and resale sales, while Primary market includes only developer (first sale) transactions.

Property price over months

Median Property Prices Over Time

Combination: Property price over months
Lake TerraceAl Thanyah Fifth
Jan 20181.4K1.0K
Feb 20181.4K1.1K
Mar 20181.2K1.0K
Apr 20181.3K1.1K
May 20181.2K1.0K
Jun 2018—935
Jul 20181.6K1.0K
Aug 2018—1.0K
Sep 20181.3K1.0K
Oct 20181.3K1.0K
Nov 20181.4K946
Dec 2018—866
Jan 20191.1K926
Feb 20191.2K980
Mar 20191.2K926
Apr 20191.1K941
May 2019912925
Jun 20191.1K926
Jul 20191.2K926
Aug 2019984894
Sep 20191.2K926
Oct 20191.0K917
Nov 2019909777
Dec 2019942919
Jan 2020930878
Feb 2020708756
Mar 2020—926
Apr 2020872917
May 2020—940
Jun 2020—888
Jul 2020809753
Aug 2020951748
Sep 2020904799
Oct 2020719732
Nov 2020807868
Dec 2020750795
Jan 2021920769
Feb 2021882879
Mar 20211.0K995
Apr 2021950997
May 20219221.0K
Jun 20211.0K1.0K
Jul 20211.1K995
Aug 20211.1K999
Sep 20218611.0K
Oct 2021920984
Nov 20211.1K1.0K
Dec 20211.0K997
Jan 20229551.0K
Feb 20221.1K1.0K
Mar 20221.0K1.0K
Apr 20221.0K992
May 20228811.1K
Jun 20221.0K979
Jul 20221.1K1.1K
Aug 20221.1K1.0K
Sep 20221.1K1.1K
Oct 20221.1K1.0K
Nov 20221.1K1.2K
Dec 20221.2K1.2K
Jan 20231.2K1.1K
Feb 20231.4K1.1K
Mar 20231.2K1.1K
Apr 20239671.1K
May 20231.2K1.4K
Jun 20231.3K2.1K
Jul 20231.3K2.1K
Aug 20231.2K2.0K
Sep 20231.5K1.8K
Oct 20231.4K1.7K
Nov 20231.3K1.4K
Dec 20231.2K1.6K
Jan 20241.4K1.7K
Feb 20241.5K1.7K
Mar 20241.5K1.3K
Apr 20241.4K1.2K
May 20241.5K1.6K
Jun 20241.5K1.5K
Jul 20241.5K1.5K
Aug 20241.5K2.3K
Sep 20241.5K2.1K
Oct 20241.4K2.2K
Nov 20241.8K2.0K
Dec 20241.2K2.0K
Jan 20251.3K2.1K
Feb 20251.4K2.0K
Mar 20251.4K2.0K
Apr 20251.5K2.4K
May 20251.7K2.2K
Jun 20251.6K2.2K
Jul 20251.5K2.0K
Aug 20251.4K2.1K
Sep 20251.7K2.0K
Oct 20251.5K2.2K
Nov 20251.8K2.3K
Dec 20251.6K2.1K
Jan 20261.7K1.9K
Feb 20261.5K1.8K
Mar 20261.6K1.8K
Apr 20261.5K2.5K
May 20261.6K2.2K
Jun 20261.6K2.5K
Jul 20261.6K2.3K
Aug 2026—2.2K
Sep 20261.5K2.1K
Oct 2026—2.1K

Available properties

Available properties are units not yet registered with the Dubai Land Department. Availability can change quickly and some units may already be reserved. Click “Check Availability” and we will confirm the latest availability with you.

BedsCategoryFloorSizeBalcony
Commercial—61 sqft
Commercial—90 sqft
Commercial—104 sqft
Commercial—135 sqft
Commercial—282 sqft
Commercial—106 sqft

Sold properties

BedsCategorySizeBalconyPricePrice /sqftDate
1Apartment718 sqft9.57 sqft⃃ 750,000⃃ 1,045 /sqft30, Mar 2022
1Apartment753 sqft3.53 sqft⃃ 458,633⃃ 609 /sqft22, Jan 2012
1Apartment753 sqft3.53 sqft⃃ 458,633⃃ 609 /sqft01, Aug 2010
1Apartment718 sqft9.57 sqft⃃ 424,440⃃ 591 /sqft03, Feb 2013
2Apartment1,242 sqft30.75 sqft⃃ 701,000⃃ 564 /sqft09, Nov 2016
StudioApartment496 sqft6.6 sqft⃃ 994,400⃃ 2,005 /sqft27, Apr 2010
StudioApartment496 sqft6.6 sqft⃃ 900,000⃃ 1,815 /sqft25, Jul 2025
StudioApartment527 sqft5.95 sqft⃃ 890,000⃃ 1,689 /sqft30, May 2025
StudioApartment489 sqft6.04 sqft⃃ 729,200⃃ 1,491 /sqft06, Sep 2016
StudioApartment472 sqft5.48 sqft⃃ 440,000⃃ 932 /sqft02, Apr 2012
StudioApartment567 sqft3.34 sqft⃃ 345,000⃃ 608 /sqft09, May 2012
StudioApartment516 sqft3.34 sqft⃃ 316,440⃃ 613 /sqft29, Jul 2010
StudioApartment527 sqft5.95 sqft⃃ 311,040⃃ 590 /sqft03, Feb 2013
StudioApartment517 sqft4.46 sqft⃃ 300,000⃃ 580 /sqft02, Aug 2011
StudioApartment517 sqft4.46 sqft⃃ 290,000⃃ 561 /sqft13, Jan 2015

Lake Terrace Real Estate Data – FAQ

  • What is the current property supply in Lake Terrace?

    Lake Terrace has a total residential supply of approximately 116 units. This represents completed and available inventory within the area.

  • How active is the real estate market in Lake Terrace?

    Lake Terrace recorded 27 property transactions over the last 12 months, indicating strong market liquidity and high investor activity compared to supply.

  • What is the average price /sqft in Lake Terrace?

    The median transaction price in Lake Terrace is ⃃ 1,630 /sqft , based on actual recorded sales transactions, not listing prices.

  • What rental yield can investors expect in Lake Terrace?

    The gross rental yield in Lake Terrace is approximately 9%, calculated using median rental income divided by median sale prices for comparable properties.

  • How much have property prices increased in Lake Terrace?

    Property prices in Lake Terrace have shown a capital appreciation of 8.81% year-over-year, based on median price per square foot comparisons between consecutive 12-month periods.

  • How many off-plan projects are currently in Lake Terrace?

    There are currently 0 active off-plan projects in Lake Terrace, reflecting strong developer activity and future supply pipeline.

  • What is the future supply pipeline in Lake Terrace?

    The total off-plan pipeline in Lake Terrace includes approximately 0 units, which will significantly impact future supply and pricing dynamics.

  • Is Lake Terrace a good area for property investment?

    Lake Terrace is considered a high-activity investment zone due to its strong transaction volume, competitive rental yield of around 9%, and steady capital appreciation. However, the large upcoming supply pipeline should be carefully considered when evaluating long-term price growth.

  • Are these figures based on listing prices or real transactions?

    All pricing, rental yield, and appreciation figures are based on actual transaction data, not listing prices. This provides a more accurate reflection of true market behavior.

  • How is capital appreciation calculated?

    Capital appreciation is calculated using the change in median price per square foot between two consecutive 12-month periods. This reflects market trends rather than changes in individual property values.

  • What does rental yield represent?

    Rental yield represents the annual rental income as a percentage of the property's purchase price. In Lake Terrace, this is 9%, indicating relatively strong income performance compared to global markets.