Unit 422, Serenity Lakes 5: what it sold for and what it is worth now

Unit 422 at Serenity Lakes 5 is a studio of 585 sq ft. It last sold for AED 709,644 on 29 Aug 2024. At AED 1,342 per sq ft, from 14 sales in the building in the last 12 months (studio), it is worth about AED 785,000 today.

Value todayAED 785,000AED 703,000 to AED 866,000
Last saleAED 709,64429 Aug 2024 · Off-plan
Change since last sale+10.6% 
Rent (median asking, studio)AED 50,000Gross yield 6.4%
Bedroomsstudio
Size585 sq ft
Floor4 (from the unit number)
Position in the towerStack 22: units ending 22 share the same layout and view
BuildingSerenity Lakes 5 by Gulf Land Property Developers, handed over 2022
Registered sales of this unit1

Every registered sale of unit 422

DatePriceSizeAED/sq ftType
29 Aug 2024AED 709,644585 sq ft1,213Off-plan

Units ending 22 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
32228 Apr 2025AED 560,000381 sq ft1,470Off-plan
3221 Feb 2024AED 459,708381 sq ft1,207Off-plan
12217 Feb 2022AED 287,318381 sq ft754Off-plan
2229 Dec 2021AED 250,000381 sq ft656Off-plan

Latest studio sales in Serenity Lakes 5

UnitDatePriceSizeAED/sq ftType
3085 Aug 2026AED 600,000382 sq ft1,571Resale
G148 Jul 2026AED 430,000403 sq ft1,067Resale
3284 Mar 2026AED 565,000381 sq ft1,483Resale
30423 Dec 2025AED 560,000382 sq ft1,466Resale
22326 Nov 2025AED 605,000382 sq ft1,584Resale
10411 Nov 2025AED 468,449453 sq ft1,034Resale
10616 Oct 2025AED 530,000453 sq ft1,170Resale
G1416 Oct 2025AED 522,223403 sq ft1,296Resale

How we worked out the value

We took the 14 sales in Serenity Lakes 5 in the last 12 months (studio), worked out the price per sq ft of each, and used the middle value (AED 1,342). We multiplied it by the size of this unit (585 sq ft). The range uses the middle half of those sales (AED 1,201 to AED 1,480 per sq ft). Floor, view, condition and upgrades can move the price either way. Sales data to 22 Sep 2026, from the Dubai Land Department register.

Questions

What is unit 422 at Serenity Lakes 5 worth?

About AED 785,000 (range AED 703,000 to AED 866,000), based on AED 1,342 per sq ft from registered sales up to 22 Sep 2026.

When did unit 422 last sell?

29 Aug 2024, for AED 709,644 (off-plan). It has 1 registered sale.

What rent can unit 422 make?

A studio in Serenity Lakes 5 rents for about AED 50,000 a year (median asking rent). That is a gross yield of 6.4% on the estimate.

Sales alert for Serenity Lakes 5All sales in Serenity Lakes 5

Unit 421 · Unit 424