Project · Transactions · 2020

Lake City Tower Property Transactions 2020

19 property sales worth ⃃ 9.36M were registered in Lake City Tower in 2020, 58.3% higher than 2019 by number of sales. The median sale price was ⃃ 475,000 and the median price per square foot ⃃ 698 (−13.3% on 2019).

Period: 1 Jan – 31 Dec 2020Compared with: 2019Sample: 19 salesUpdated: 19 Oct 2026
Property sales
19
+58.3% vs 2019
1 Jan – 31 Dec 2020
Total value
⃃ 9.36M
+38.8% vs 2019
1 Jan – 31 Dec 2020
Median sale price
⃃ 475,000
−15.9% vs 2019
19 sales
Median price per sq ft
⃃ 698
−13.3% vs 2019
19 sales

What types of property sold in Lake City Tower in 2020?

1 Jan – 31 Dec 2020

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments1578.9%⃃ 7.16M⃃ 476,000⃃ 655
Commercial421.1%⃃ 2.21M⃃ 271,081⃃ 1,050

How were 2020 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)526.3%⃃ 2.49M⃃ 274,302⃃ 1,050
Resale (secondary)1473.7%⃃ 6.87M⃃ 480,500⃃ 655
Ready19100%⃃ 9.36M⃃ 475,000⃃ 698

How many rental contracts were registered in Lake City Tower in 2020?

242 rental contracts (new and renewed) were registered in Lake City Tower in 2020, at a median annual rent of ⃃ 43,000 (−20.4% on 2019). Rental yields in Lake City Tower

What were the most expensive property sales in Lake City Tower in 2020?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
12/02/2020Lake City TowerCommercial2,670 sq ft⃃ 1,402,028Primary · Ready
21/10/2020Lake City Tower1 bed · Apartment860 sq ft⃃ 600,000Resale · Ready
22/07/2020Lake City Tower1 bed · Apartment730 sq ft⃃ 600,000Resale · Ready
17/12/2020Lake City Tower1 bed · Apartment840 sq ft⃃ 550,000Resale · Ready
20/05/2020Lake City Tower1 bed · Apartment664 sq ft⃃ 538,855Resale · Ready
13/12/2020Lake City Tower1 bed · Apartment840 sq ft⃃ 500,000Resale · Ready
26/07/2020Lake City Tower1 bed · Apartment664 sq ft⃃ 500,000Resale · Ready
28/07/2020Lake City Tower1 bed · Apartment730 sq ft⃃ 485,000Resale · Ready
25/08/2020Lake City Tower1 bed · Apartment729 sq ft⃃ 476,000Resale · Ready
14/09/2020Lake City Tower1 bed · Apartment729 sq ft⃃ 475,000Resale · Ready

What were the last registered sales of 2020?

DatePropertyTypeSizePriceMarket
27/12/2020Lake City Tower1 bed · Apartment664 sq ft⃃ 430,000Resale · Ready
17/12/2020Lake City Tower1 bed · Apartment840 sq ft⃃ 550,000Resale · Ready
13/12/2020Lake City Tower1 bed · Apartment840 sq ft⃃ 500,000Resale · Ready
25/10/2020Lake City Tower1 bed · Apartment664 sq ft⃃ 435,000Resale · Ready
21/10/2020Lake City Tower1 bed · Apartment860 sq ft⃃ 600,000Resale · Ready
14/09/2020Lake City Tower1 bed · Apartment729 sq ft⃃ 475,000Resale · Ready
25/08/2020Lake City Tower1 bed · Apartment729 sq ft⃃ 476,000Resale · Ready
19/08/2020Lake City Tower1 bed · Apartment729 sq ft⃃ 465,000Resale · Ready
19/08/2020Lake City Tower1 bed · Apartment730 sq ft⃃ 465,000Resale · Ready
28/07/2020Lake City Tower1 bed · Apartment730 sq ft⃃ 485,000Resale · 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 2020 with the whole of 2019.
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/2020
Lake City Tower Property Transactions 2020. DXBinteract, data to 16 Oct 2026. https://dxbinteract.com/dubai-property-transactions/lake-city-tower/2020

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 2020?
19 property sales worth ⃃ 9,364,431 were registered in Lake City Tower in 2020. That is 58.3% higher than 2019.
What was the median property price in Lake City Tower in 2020?
The median sale price was ⃃ 475,000 and the median price per square foot ⃃ 698 (1 Jan – 31 Dec 2020).
What share of 2020 sales in Lake City Tower were off-plan or from developers?
Developer (primary) sales were 26.3% of the 19 sales and resales 73.7%. 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/2020