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4-bed · 3,253 sqftLila Villas, Arabian Ranches 2 · completed 2017

V023, Lila Villas

Sold prices and rental history: sold twice, last in December 2024, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V023 · DLD and Ejari recordsUpdated 4 December 2024
Last soldAED 5.5M4 December 2024
Current rentAED 220K /yr20 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for V023, Lila Villas

What is V023 worth today?

Last sold for AED 5,500,000 in 2024

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4 Dec 2024SoldReady
AED 5,500,000AED 1,690 per sqft
20 Nov 2022RentedRenewal
AED 220,000/yr12 months · AED 68 per sqft
20 Nov 2021RentedNew contract
AED 220,000/yr12 months · AED 68 per sqft
1 Jun 2020RentedNew contract
AED 120,000/yr12 months · AED 37 per sqft
15 Feb 2019RentedRenewal
AED 165,000/yr24 months · AED 51 per sqft
15 Feb 2018RentedNew contract
AED 165,000/yr12 months · AED 51 per sqft
31 Mar 2014Sold by developerOff-plan
AED 3,638,888AED 1,118 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 4 December 2024.

Key facts

Type
4-bed villa
Size
3,253 sqft
Developer
Emaar
Completed
2017
Service charge
AED 7,900 /yr
Last sold
AED 5.5M · December 2024
Community
Lila Villas

About V023, Lila Villas

V023 is a four-bedroom villa of 3,253 sqft in Lila Villas, a villa community in Arabian Ranches 2 completed in 2017 by Emaar. It last sold on 4 December 2024 for AED 5,500,000, or AED 1,690 per sqft, 4% above the AED 1,626 four-beds in the community were fetching at the time.

It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, renewed on 20 November 2022, is AED 220,000 a year: a gross yield of 4.0% on the 2024 price, before the service charge of about AED 7,900 a year.

Sales and rents for V023 over time

Sales
Villa V023, each saleTypical four-bed in Lila Villas
4M6M20142017202020232026Typical sale price by year: 2014 AED 3,830,888; 2015 AED 3,849,888; 2016 AED 3,150,000; 2017 AED 3,830,888; 2018 AED 3,970,888; 2019 AED 2,900,000; 2020 AED 2,775,000; 2021 AED 3,550,000; 2022 AED 3,975,000; 2023 AED 4,200,000; 2024 AED 5,325,000; 2025 AED 6,200,000Sold by developer, March 2014: AED 3,638,888 (AED 1,118 per sqft)Sold, December 2024: AED 5,500,000 (AED 1,690 per sqft)

V023 has sold twice; the dashed line is the four-bed median of each year in the community.

Rents
Villa V023, each contractTypical four-bed in Lila Villas
100K200K300K2017202020232026Typical rent by year: 2017 AED 171,250; 2018 AED 162,000; 2019 AED 160,000; 2020 AED 152,000; 2021 AED 159,500; 2022 AED 186,000; 2023 AED 225,000; 2024 AED 280,000; 2025 AED 310,000; 2026 AED 320,000New contract, February 2018: AED 165,000 a yearRenewal, February 2019: AED 165,000 a yearNew contract, June 2020: AED 120,000 a yearNew contract, November 2021: AED 220,000 a yearRenewal, November 2022: AED 220,000 a year

Annual rent on each registered contract; the dashed line is the four-bed median of each year in the community.

4-beds in Lila Villas, and where V023 sits

All 105 4-beds →

V023 last sold in December 2024 at AED 1,690 per sqft, 4% above what four-beds in Lila Villas were fetching at the time (AED 1,626). Over the last 12 months four-beds sold for AED 6,600,000 to 6,650,000, around AED 2,035 per sqft, and rent for AED 231,000 to 355,000 a year. V023's AED 220,000 is at the bottom of that range.

Recent 4-bed salesVilla no.Price (AED)Summary
15 Jan 20266,650,000
21 Nov 20256,600,000
28 Oct 20256,682,500
18 Aug 20257,650,000
2 4-bed sales in the last 12 months

Lila Villas

Community

219 villas, 3-bed to 5-bed in Arabian Ranches 2, completed in 2017 by Emaar. 6 sold in the last 12 months.

Typical price per sqft
AED 1,851
Typical sale
AED 6.63M
Typical rent
AED 315K /yr
Typical yield
4.9%
Lila Villas, Arabian Ranches 2: prices, sales and rents →

V023, Lila Villas in numbers

  • Sold twice: first on 31 March 2014 for AED 3,638,888, last on 4 December 2024 for AED 5,500,000 (AED 1,690 per sqft).
  • Rented since February 2018 on 5 Ejari contracts. The rent fell from AED 165,000 to AED 120,000 in 2020 and recovered to AED 220,000 by November 2022.
  • At AED 220,000 a year the gross yield on the 2024 price is 4.0%, before a service charge of about AED 7,900 a year (AED 2.44 per sqft).
  • Four-beds in Lila Villas sold for AED 6,600,000–6,650,000 in the 12 months to November 2026; the community's median across all types is AED 1,851 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 4 December 2024.

Questions about V023, Lila Villas

What did villa V023 last sell for?

AED 5,500,000 on 4 December 2024: AED 1,690 per sqft for 3,253 sqft. The villa has 2 registered sales; the first was AED 3,638,888 in March 2014.

What is the rent for villa V023?

AED 220,000 a year on the contract renewed on 20 November 2022. The previous contract, from November 2021, was AED 220,000; the villa has been rented since February 2018.

How big is villa V023?

3,253 sqft (302.2 sqm): a four-bedroom villa in Lila Villas, completed in 2017.

What is villa V023 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Four-beds in Lila Villas sold for AED 6,600,000 to 6,650,000 in the last 12 months, around AED 2,035 per sqft.

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Mortgage on V023, Lila Villas

Starts from the last sale price (AED 5.5M, 4 December 2024). Switch to today's estimate once you have unlocked it.
Price
AED 5,500,000
Deposit, UAE resident (20%)
AED 1,100,000
Deposit, non-resident (40%)
AED 2,200,000
Monthly over 25 years at 3.7%
AED 22,502

Plus AED 236,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →