Project · Transactions · 2016

Lake City Tower Property Transactions 2016

37 property sales worth ⃃ 36.28M were registered in Lake City Tower in 2016, 5.1% lower than 2015 by number of sales. The median sale price was ⃃ 925,000 and the median price per square foot ⃃ 1,056 (−4.3% on 2015).

Period: 1 Jan – 31 Dec 2016Compared with: 2015Sample: 37 salesUpdated: 19 Oct 2026
Property sales
37
−5.1% vs 2015
1 Jan – 31 Dec 2016
Total value
⃃ 36.28M
−2.2% vs 2015
1 Jan – 31 Dec 2016
Median sale price
⃃ 925,000
−0.5% vs 2015
37 sales
Median price per sq ft
⃃ 1,056
−4.3% vs 2015
37 sales

What types of property sold in Lake City Tower in 2016?

1 Jan – 31 Dec 2016

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments37100%⃃ 36.28M⃃ 925,000⃃ 1,056

How were 2016 sales split between off-plan, ready, primary and resale?

Primary/resale (who sold) and off-plan/ready (the unit’s state at sale) are separate splits; each pair adds up to the total.

SegmentSalesShare of salesValueMedian pricePer sq ft
Primary (developer sales)38.1%⃃ 3.05M⃃ 1,000,000⃃ 801
Resale (secondary)3491.9%⃃ 33.23M⃃ 920,000⃃ 1,066
Ready37100%⃃ 36.28M⃃ 925,000⃃ 1,056

How many rental contracts were registered in Lake City Tower in 2016?

172 rental contracts (new and renewed) were registered in Lake City Tower in 2016, at a median annual rent of ⃃ 76,000 (−0.7% on 2015). Rental yields in Lake City Tower

What were the most expensive property sales in Lake City Tower in 2016?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
10/02/2016Lake City Tower2 beds · Apartment1,248 sq ft⃃ 1,500,000Resale · Ready
26/06/2016Lake City Tower2 beds · Apartment1,248 sq ft⃃ 1,400,000Resale · Ready
04/02/2016Lake City Tower2 beds · Apartment1,246 sq ft⃃ 1,400,000Resale · Ready
16/06/2016Lake City Tower2 beds · Apartment1,243 sq ft⃃ 1,390,000Resale · Ready
13/03/2016Lake City Tower2 beds · Apartment1,245 sq ft⃃ 1,300,000Resale · Ready
22/06/2016Lake City Tower2 beds · Apartment1,246 sq ft⃃ 1,280,000Resale · Ready
08/06/2016Lake City Tower2 beds · Apartment1,245 sq ft⃃ 1,275,000Resale · Ready
17/04/2016Lake City Tower2 beds · Apartment1,243 sq ft⃃ 1,225,000Resale · Ready
19/12/2016Lake City Tower2 beds · Apartment1,245 sq ft⃃ 1,215,000Resale · Ready
23/08/2016Lake City Tower2 beds · Apartment1,246 sq ft⃃ 1,200,000Resale · Ready

What were the last registered sales of 2016?

DatePropertyTypeSizePriceMarket
20/12/2016Lake City TowerStudio · Apartment409 sq ft⃃ 680,000Resale · Ready
19/12/2016Lake City Tower2 beds · Apartment1,245 sq ft⃃ 1,215,000Resale · Ready
20/11/2016Lake City Tower1 bed · Apartment729 sq ft⃃ 850,000Resale · Ready
25/10/2016Lake City Tower1 bed · Apartment738 sq ft⃃ 1,050,000Primary · Ready
11/10/2016Lake City Tower1 bed · Apartment664 sq ft⃃ 880,000Resale · Ready
09/10/2016Lake City Tower2 beds · Apartment1,243 sq ft⃃ 1,100,000Resale · Ready
29/09/2016Lake City Tower1 bed · Apartment664 sq ft⃃ 750,000Resale · Ready
21/09/2016Lake City Tower1 bed · Apartment729 sq ft⃃ 750,000Resale · Ready
20/09/2016Lake City Tower1 bed · Apartment860 sq ft⃃ 1,000,000Resale · Ready
19/09/2016Lake City Tower1 bed · Apartment860 sq ft⃃ 925,000Resale · Ready

How these figures are calculated

Sales
Registered sale transactions dated in the year, all property types, primary and resale, off-plan and ready.
Medians
Median sale price and median price per square foot of those sales.
Year-on-year
Changes compare 2016 with the whole of 2015.
Primary vs resale
Primary = sold by the developer; resale = sold by a previous owner. Off-plan/ready describes the unit, not the seller.

Full definitions: DXBinteract methodology · market indicators explained

Source and how to cite

DXBinteract analysis based on Dubai Land Department transaction data.

Data to
(latest registered transaction)
Last updated
— figures refresh hourly from the live dataset
Permanent URL
https://dxbinteract.com/dubai-property-transactions/lake-city-tower/2016
Lake City Tower Property Transactions 2016. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/lake-city-tower/2016

Republishing? Keep the source line “DXBinteract analysis based on Dubai Land Department transaction data.” and link to this page. Attribution guidelines

Frequently asked questions

How many properties were sold in Lake City Tower in 2016?
37 property sales worth ⃃ 36,280,000 were registered in Lake City Tower in 2016. That is 5.1% lower than 2015.
What was the median property price in Lake City Tower in 2016?
The median sale price was ⃃ 925,000 and the median price per square foot ⃃ 1,056 (1 Jan – 31 Dec 2016).
What share of 2016 sales in Lake City Tower were off-plan or from developers?
Developer (primary) sales were 8.1% of the 37 sales and resales 91.9%. Primary/resale and off-plan/ready are different splits.

Last updated · data to 16 Oct 2026 · https://dxbinteract.com/dubai-property-transactions/lake-city-tower/2016