Unit 424, Serenity Lakes 5: what it sold for and what it is worth now

Unit 424 at Serenity Lakes 5 is a studio of 739 sq ft. It last sold for AED 681,000 on 14 Oct 2025. At AED 1,342 per sq ft, from 14 sales in the building in the last 12 months (studio), it is worth about AED 992,000 today.

Value todayAED 992,000AED 888,000 to AED 1,093,000
Last saleAED 681,00014 Oct 2025 · Resale
Change since last sale+45.7%Building trend alone: AED 680,125
Rent (median asking, studio)AED 50,000Gross yield 5.0%
Bedroomsstudio
Size739 sq ft
Floor4 (from the unit number)
Position in the towerStack 24: units ending 24 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 424

DatePriceSizeAED/sq ftType
14 Oct 2025AED 681,000739 sq ft922Resale

Units ending 24 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
32428 Aug 2024AED 515,000381 sq ft1,352Off-plan
32425 Feb 2022AED 505,866381 sq ft1,328Off-plan
2248 Dec 2021AED 250,000381 sq ft656Off-plan
1248 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 (739 sq ft). The range uses the middle half of those sales (AED 1,201 to AED 1,480 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 680,125. 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 424 at Serenity Lakes 5 worth?

About AED 992,000 (range AED 888,000 to AED 1,093,000), based on AED 1,342 per sq ft from registered sales up to 22 Sep 2026.

When did unit 424 last sell?

14 Oct 2025, for AED 681,000 (resale). It has 1 registered sale.

What rent can unit 424 make?

A studio in Serenity Lakes 5 rents for about AED 50,000 a year (median asking rent). That is a gross yield of 5.0% on the estimate.

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

Unit 422 · Unit 425