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Dubai Investment Park First · Eight Development
Ready building · Union Properties
Lake Apartment, Dubai Investment Park First
Highlights
Lake Apartment at a glance
About Lake Apartment
Lake Apartment is a residential building in Dubai Investment Park First, Dubai, developed by Union Properties. It holds about 52 units: studios, 1-bedroom apartments, 2-bedroom apartments.
The building was completed in 2018 and has been in use for about 8 years. 2 units changed hands in the last 12 months, registered with the Dubai Land Department. Recent sales went through at a median of AED 872 per sq ft.
Lake Apartment is one of 82 buildings in Dubai Investment Park First: 19 are complete and 29 are still being built.
In a nutshell
- A residential ready building
- Located in Dubai Investment Park First, Dubai
- Developed by Union Properties
- Completed in Q4 2018
- Unit types: Studio, 1 Bed, 2 Beds
- Sizes from 460 to 2,950 sq ft
- Service charge from AED 22.35 per sq ft
- Dubai Investment Park metro station 0.8 km away
- Status
- Ready
- Developer
- Union Properties
- Location
- Dubai Investment Park First, Dubai
- Completed
- Q4 2018
- Unit types
- Studio, 1 Bed, 2 Beds
- Prices from
- AED 275.0K
- Median price per sq ft
- AED 872
- Median gross yield
- 7.3%
- Service charge
- AED 22.35 per sq ft (2018)
- Nearest metro
- Dubai Investment Park, 0.8 km
Building details
Inside Lake Apartment
Properties in Lake Apartment
Studios in Lake Apartment
There are about 12 of these in Lake Apartment, from 460 to 550 sq ft. They have recently sold for a median of AED 495.0K, or AED 1,040 per sq ft. Owners who resold made a median 16% over what they paid.
1-bedroom apartments in Lake Apartment
There are about 16 of these in Lake Apartment, from 880 to 980 sq ft. None has sold recently enough to quote a price.
2-bedroom apartments in Lake Apartment
There are about 24 of these in Lake Apartment, from 1,590 to 2,950 sq ft. None has sold recently enough to quote a price.
| Unit type | Units | Size | Median price | Median rent |
|---|---|---|---|---|
| Studio | 12 | 460 sqft42.7 sqmt – 550 sqft51.1 sqmt | AED 495K | – |
| 1 Bed | 16 | 880 sqft81.8 sqmt – 980 sqft91 sqmt | No recent sales | – |
| 2 Beds | 24 | 1,590 sqft147.7 sqmt – 2,950 sqft274.1 sqmt | No recent sales | AED 160K |
Sale trends in Lake Apartment
Median sale price
AED 910K
Median per sq ft
AED 872
Median gross yield
7.3%
Price ranges from the most recent registered sales, by unit type:
- 2-bedroom apartments: AED 1.3M to AED 1.5M (1,594 to 2,946 sq ft), across 9 sales
- 1-bedroom apartments: AED 730.0K to AED 980.0K (881 to 978 sq ft), across 6 sales
- Studios: AED 400.0K to AED 520.0K (457 to 504 sq ft), across 5 sales
Rental trends in Lake Apartment
A recent 2-bedroom contract in Lake Apartment was let for AED 160.0K a year.
Yearly rents from recent registered contracts, by unit type:
- 2-bedroom apartments: AED 160.0K a year (2,941 sq ft)
Recent transactions in Lake Apartment
| LocationStatus and unit | PricePer sqftPer sqmt | SpecsSize and bedrooms | DateSold by |
|---|---|---|---|
| Lake Apartment, Green CommunityReadyApartment | AED 470,000AED 933 /sqftAED 10,043 /sqmt | 504 sqft46.8 sqmtStudio | Owner |
| Lake Apartment, Green CommunityReadyApartment | AED 520,000AED 1,138 /sqftAED 12,249 /sqmt | 457 sqft42.5 sqmtStudio | Owner |
| Lake Apartment, Green CommunityReadyApartment | AED 840,000AED 868 /sqftAED 9,343 /sqmt | 968 sqft89.9 sqmt1 Bed | Owner |
| Lake Apartment, Green CommunityReadyApartment | AED 980,000AED 1,012 /sqftAED 10,893 /sqmt | 968 sqft89.9 sqmt1 Bed | Owner |
| Lake Apartment, Green CommunityReadyApartment | AED 1,500,000AED 893 /sqftAED 9,612 /sqmt | 1,679 sqft156 sqmt2 Beds | Owner |
| Lake Apartment, Green CommunityReadyApartment | AED 1,510,000AED 945 /sqftAED 10,172 /sqmt | 1,598 sqft148.5 sqmt2 Beds | Owner |
| Lake Apartment, Green CommunityReadyApartment | AED 1,400,000AED 825 /sqftAED 8,880 /sqmt | 1,697 sqft157.7 sqmt2 Beds | Owner |
| Lake Apartment, Green CommunityReadyApartment | AED 1,450,000AED 910 /sqftAED 9,795 /sqmt | 1,594 sqft148.1 sqmt2 Beds | Owner |
| Lake Apartment, Green CommunityReadyApartment | AED 1,335,000AED 816 /sqftAED 8,783 /sqmt | 1,637 sqft152.1 sqmt2 Beds | Owner |
| Lake Apartment, Green CommunityReadyApartment | AED 760,000AED 777 /sqftAED 8,364 /sqmt | 978 sqft90.9 sqmt1 Bed | Owner |
| Lake Apartment, Green CommunityReadyApartment | AED 1,525,000AED 518 /sqftAED 5,576 /sqmt | 2,946 sqft273.7 sqmt2 Beds | Owner |
| Lake Apartment, Green CommunityReadyApartment | AED 830,000AED 886 /sqftAED 9,537 /sqmt | 937 sqft87.1 sqmt1 Bed | Owner |
| Lake Apartment, Green CommunityReadyApartment | AED 1,507,800AED 921 /sqftAED 9,914 /sqmt | 1,638 sqft152.2 sqmt2 Beds | Owner |
| Lake Apartment, Green CommunityReadyApartment | AED 730,000AED 829 /sqftAED 8,923 /sqmt | 881 sqft81.8 sqmt1 Bed | Owner |
| Lake Apartment, Green CommunityReadyApartment | AED 405,000AED 832 /sqftAED 8,956 /sqmt | 487 sqft45.2 sqmtStudio | Owner |
| Lake Apartment, Green CommunityReadyApartment | AED 480,000AED 958 /sqftAED 10,312 /sqmt | 501 sqft46.5 sqmtStudio | Owner |
| Lake Apartment, Green CommunityReadyApartment | AED 1,300,000AED 814 /sqftAED 8,762 /sqmt | 1,598 sqft148.5 sqmt2 Beds | Owner |
| Lake Apartment, Green CommunityReadyApartment | AED 1,300,000AED 769 /sqftAED 8,277 /sqmt | 1,690 sqft157 sqmt2 Beds | Owner |
| Lake Apartment, Green CommunityReadyApartment | AED 770,000AED 801 /sqftAED 8,622 /sqmt | 961 sqft89.3 sqmt1 Bed | Owner |
| Lake Apartment, Green CommunityReadyApartment | AED 400,000AED 875 /sqftAED 9,418 /sqmt | 457 sqft42.5 sqmtStudio | Owner |
Lake Apartment
Green Community
AED 470K
AED 933 /sqftAED 10,043 /sqmt
ReadyApartment504 sqft46.8 sqmtStudioOwner3 Jul 2026Lake Apartment
Green Community
AED 520K
AED 1,138 /sqftAED 12,249 /sqmt
ReadyApartment457 sqft42.5 sqmtStudioOwner24 Jun 2026Lake Apartment
Green Community
AED 840K
AED 868 /sqftAED 9,343 /sqmt
ReadyApartment968 sqft89.9 sqmt1 BedOwner3 Nov 2025Lake Apartment
Green Community
AED 980K
AED 1,012 /sqftAED 10,893 /sqmt
ReadyApartment968 sqft89.9 sqmt1 BedOwner20 Aug 2025Lake Apartment
Green Community
AED 1.5M
AED 893 /sqftAED 9,612 /sqmt
ReadyApartment1,679 sqft156 sqmt2 BedsOwner5 Aug 2025Lake Apartment
Green Community
AED 1.5M
AED 945 /sqftAED 10,172 /sqmt
ReadyApartment1,598 sqft148.5 sqmt2 BedsOwner28 Jul 2025Lake Apartment
Green Community
AED 1.4M
AED 825 /sqftAED 8,880 /sqmt
ReadyApartment1,697 sqft157.7 sqmt2 BedsOwner23 Jul 2025Lake Apartment
Green Community
AED 1.5M
AED 910 /sqftAED 9,795 /sqmt
ReadyApartment1,594 sqft148.1 sqmt2 BedsOwner17 Jul 2025Lake Apartment
Green Community
AED 1.3M
AED 816 /sqftAED 8,783 /sqmt
ReadyApartment1,637 sqft152.1 sqmt2 BedsOwner14 Jul 2025Lake Apartment
Green Community
AED 760K
AED 777 /sqftAED 8,364 /sqmt
ReadyApartment978 sqft90.9 sqmt1 BedOwner1 Jul 2025Lake Apartment
Green Community
AED 1.5M
AED 518 /sqftAED 5,576 /sqmt
ReadyApartment2,946 sqft273.7 sqmt2 BedsOwner21 May 2025Lake Apartment
Green Community
AED 830K
AED 886 /sqftAED 9,537 /sqmt
ReadyApartment937 sqft87.1 sqmt1 BedOwner2 May 2025Lake Apartment
Green Community
AED 1.5M
AED 921 /sqftAED 9,914 /sqmt
ReadyApartment1,638 sqft152.2 sqmt2 BedsOwner1 May 2025Lake Apartment
Green Community
AED 730K
AED 829 /sqftAED 8,923 /sqmt
ReadyApartment881 sqft81.8 sqmt1 BedOwner24 Apr 2025Lake Apartment
Green Community
AED 405K
AED 832 /sqftAED 8,956 /sqmt
ReadyApartment487 sqft45.2 sqmtStudioOwner16 Apr 2025Lake Apartment
Green Community
AED 480K
AED 958 /sqftAED 10,312 /sqmt
ReadyApartment501 sqft46.5 sqmtStudioOwner20 Mar 2025Lake Apartment
Green Community
AED 1.3M
AED 814 /sqftAED 8,762 /sqmt
ReadyApartment1,598 sqft148.5 sqmt2 BedsOwner31 Jan 2025Lake Apartment
Green Community
AED 1.3M
AED 769 /sqftAED 8,277 /sqmt
ReadyApartment1,690 sqft157 sqmt2 BedsOwner28 Nov 2024Lake Apartment
Green Community
AED 770K
AED 801 /sqftAED 8,622 /sqmt
ReadyApartment961 sqft89.3 sqmt1 BedOwner6 Nov 2024Lake Apartment
Green Community
AED 400K
AED 875 /sqftAED 9,418 /sqmt
ReadyApartment457 sqft42.5 sqmtStudioOwner7 Oct 2024
| LocationContract and unit | Annual rentAED a year | SpecsSize and bedrooms | Contract dateStart – End |
|---|---|---|---|
| Lake Apartment, Green CommunityApartmentRenewal | AED 44,000 | 1,708 sqft158.7 sqmt2 Beds | to |
| Lake Apartment, Green CommunityApartmentNew contract | AED 160,000 | 2,941 sqft273.2 sqmt2 Beds | to |
Lake Apartment
Green Community
AED 44K/yr
ApartmentRenewal1,708 sqft158.7 sqmt2 BedstoLake Apartment
Green Community
AED 160K/yr
ApartmentNew contract2,941 sqft273.2 sqmt2 Bedsto
Every sale in Lake ApartmentEvery rent contract in Lake Apartment
Service charges in Lake Apartment
The 2018 service charge in Lake Apartment is AED 22.35 per sq ft for homes. It is paid yearly by the owner, covers upkeep, security and shared areas, and is set by the building’s owners association and registered with the Dubai Land Department.
| Unit type | Rate per sq ft | Size | Yearly charge |
|---|---|---|---|
| 1 Bed Apartment (2018) | AED 22.35 | 880 sqft81.8 sqmt – 980 sqft91 sqmt | AED 19,668 – AED 21,903 |
| 2 Beds Apartment (2018) | AED 22.35 | 1,590 sqft147.7 sqmt – 2,950 sqft274.1 sqmt | AED 35,537 – AED 65,933 |
| Studio Apartment (2018) | AED 22.35 | 460 sqft42.7 sqmt – 550 sqft51.1 sqmt | AED 10,281 – AED 12,293 |
Source: Dubai Land Department service charge index. Rates are reviewed each year.
Nearby amenities
Around Lake Apartment
Transportation near Lake Apartment
The nearest Dubai Metro station from Lake Apartment is Dubai Investment Park (red line, 0.8 km, about 10 min walk), then Jumeirah Golf Estates (red line, 1.6 km, about 5 min drive). Stations planned on new lines nearby include Jumeirah Golf Estates Interchange (golden line, 1.6 km, about 5 min drive) and Dubai Production City (golden line, 3.8 km, about 10 min drive).
- Dubai Investment ParkRed line · 0.8 km · about 10 min walk
- Jumeirah Golf Estates InterchangeGolden line · 1.6 km · about 5 min drive
- Jumeirah Golf EstatesRed line · 1.6 km · about 5 min drive
- Al FurjanRed line · 3.2 km · about 8 min drive
- Dubai Production CityGolden line · 3.8 km · about 10 min drive
- Discovery GardensRed line · 4 km · about 10 min drive
Shopping and groceries near Lake Apartment
The closest is Spinneys / Green Community (Located in Emirates Road), 0.3 km from Lake Apartment (about 4 min walk).
- Spinneys / Green Community (Located in Emirates Road)Supermarket · 0.3 km · about 4 min walk
- Jumeirah Park Pavilion (Community Center)Shopping Mall · 4.4 km · about 11 min drive
- Ibn Batuta MallShopping Mall · 6.3 km · about 15 min drive
- GEANT Hypermarket / IBN Batuta MallSupermarket · 6.3 km · about 15 min drive
- Arena MallShopping Mall · 7.7 km · about 17 min drive
Restaurants and hotels near Lake Apartment
The closest is Grand Midwest Express Hotel, 6 km from Lake Apartment (about 14 min drive).
- Grand Midwest Express HotelHotel · 6 km · about 14 min drive
- Medlock VillasHotel · 7 km · about 16 min drive
- Radisson Royal Hotel DubaiHotel · 7.4 km · about 17 min drive
- Nassima Towers Hotel ApartmentsHotel · 7.5 km · about 17 min drive
- Gloria HotelHotel · 7.6 km · about 17 min drive
Hospitals and clinics near Lake Apartment
The closest is Jebel Ali Hospital, 5.7 km from Lake Apartment (about 13 min drive).
- Jebel Ali HospitalHospital · 5.7 km · about 13 min drive
- Cedars- Jebel Ali International HospitalHospital · 7.8 km · about 18 min drive
Schools near Lake Apartment
The nearest is Al Nibras International Private School, 1 km away. Ratings are the KHDA's latest inspection grades.
- Al Nibras International Private SchoolAmerican · KHDA: Good · 1 km
- Dove Green Private School L.L.CUK · KHDA: Good · 1 km
- Durham School L.L.CUK · KHDA: Acceptable · 1 km
- Bright Riders SchoolIndian · KHDA: Good · 1.2 km
- The International School of Choueifat (Branch)SABIS (UK/US) · KHDA: Acceptable · 2.3 km
- Greenfield International SchoolInternational Baccalaureate · KHDA: Very good · 3.1 km
Other buildings in Dubai Investment Park First
Dubai Investment Park First has 82 buildings. A few others to compare Lake Apartment with:
Alemas
Dubai Investment Park First
Bin Sougat Building
Dubai Investment Park First · Bin Sougat Group
Building 45
Dubai Investment Park First
City Compass Living
Dubai Investment Park First
FMI WO
Dubai Investment Park First
Things to consider about Lake Apartment
In its favour
- Dubai Investment Park metro station is within walking distance.
- Owners who resold have made money: a median gain of up to 16%.
- A median gross yield of 7.3% on recent sales.
- Ready to move into or let, with no construction risk.
- Several schools within 3 km.
Worth checking
- Few sales each year, so a resale can take longer and prices move on a handful of deals.
- Service charges of up to AED 22.35 per sq ft are on the higher side for Dubai.
FAQs
Lake Apartment: questions answered
Buying, selling or renting in Lake Apartment?
A broker who works Dubai Investment Park First will tell you what is available and what comparable homes went for.