Lake Terrace — sale prices & transaction history

Lake Terrace sale prices by bedroom

Median recorded prices for Lake Terrace by bedroom count. Each row is priced on the last 4 months wherever that period holds enough sales, and steps back only as far as it has to — 12 months, then 3 years, then the whole record. The period each row actually covers is named beside it, with the number of sales behind it, so you can see exactly how thin or deep the figure you are reading is. Every row also shows what has traded in the last 4 months, including when that is nothing — set against the full record of 1,310 secondary-market sales. These are the prices buyers actually paid — not asking prices, and not a district average.

Rows marked “older sales” use a longer period because recent sales were few — prices may have moved since, so compare them with care. A bedroom type with fewer than five recorded transactions keeps its count and loses its median: below that sample a middle value is arithmetic, not a market rate. A median taken across the whole register mixes prices from every year the building has traded, so each row above is priced on the most recent period that clears that threshold. Rows can sum to less than the building total — very large units are held out of the table for the same reason.

Most recent Lake Terrace transactions

The newest individual secondary-market sales on the register, exactly as recorded. A median is a claim we vouch for; these are facts you can check against the Land Department yourself.

Why below-market resale shows up in Lake Terrace

• A studio and one-bedroom weighting that skews ownership toward investors, whose exits follow their own circumstances rather than the market's.
• A fully secondary register, meaning sellers here are owners of finished homes — the group most affected by service charges, refurbishment and rental performance rather than payment plans.
• Age. Stock first recorded in 2009 now reaches refurbishment cycles, and some owners discount rather than spend on a unit they are exiting.
• JLT's wide building-to-building quality spread, which means an accurately-priced unit in one tower can look expensive next to a district average pulled down by weaker stock.

What to check before you offer on Lake Terrace

• Compare against this building, not against JLT. The district's towers vary widely in condition and service charge, and a JLT-wide average is not a comparison any offer should rest on.
• Check the studio and one-bedroom rows separately — they behave differently here, and the building's overall median sits between them rather than describing either.
• Ask for the current service charge per square foot and the last two years of it. In Dubai it is set per building and reviewed annually, and a rise of a dirham or two per square foot moves a mid-size flat's running cost by thousands a year.
• Ask which register the unit sits on. A completed home changes hands on the secondary register at the Land Department; a pre-handover unit is an assignment of the original sale contract, needs the developer's no-objection certificate, and carries whatever is left of the payment plan.

Lake Terrace — common questions

Is the price data on this page asking prices or actual sales?

Actual sales — the Dubai Land Department's record of completed transactions, meaning the price recorded when ownership legally changed hands.

Are any of these off-plan sales?

No. Lake Terrace's register is entirely secondary — every recorded transaction is a completed home changing hands. That is unusual, and it means the figures on this page need no adjustment for pre-handover contracts mixed into the sample.

Can I tell from this data whether a unit is selling below its original price?

No. The open Land Department export carries no unit identifier, so a later sale cannot be matched back to the original purchase of the same apartment. This page shows what units of each size have sold for.

How current is this register?

The page states the date of the most recent recorded sale it holds and recomputes every figure on load. Records arrive in batches, so the newest few days are typically not yet included.