3-bed · 3,181 sqftLila Villas, Arabian Ranches 2 · completed 2017

V038, Lila Villas

Sold prices and rental history: sold 3 times, last in July 2023, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V038 · DLD and Ejari recordsUpdated 20 July 2023
Last soldAED 3.68M20 July 2023
Current rentAED 150K /yr21 June 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for V038, Lila Villas

What is V038 worth today?

Last sold for AED 3,675,000 in 2023

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20 Jul 2023SoldReady
AED 3,675,000AED 1,155 per sqft
21 Jun 2022RentedRenewal
AED 150,000/yr12 months · AED 47 per sqft
10 Jul 2021RentedNew contract
AED 130,117/yr11 months · AED 41 per sqft
26 Apr 2021SoldReady
AED 2,685,000AED 844 per sqft
10 Jul 2020RentedNew contract
AED 130,000/yr12 months · AED 41 per sqft
13 Jul 2019RentedNew contract
AED 150,000/yr12 months · AED 47 per sqft
1 Dec 2018RentedRenewal
AED 156,000/yr12 months · AED 49 per sqft
1 Dec 2017RentedNew contract
AED 152,000/yr12 months · AED 48 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 20 July 2023.

Key facts

Type
3-bed villa
Size
3,181 sqft
Developer
Emaar
Completed
2017
Service charge
AED 7,800 /yr
Last sold
AED 3.68M · July 2023
Community
Lila Villas

About V038, Lila Villas

V038 is a three-bedroom villa of 3,181 sqft in Lila Villas, a villa community in Arabian Ranches 2 completed in 2017 by Emaar. It last sold on 20 July 2023 for AED 3,675,000, or AED 1,155 per sqft, in line with the AED 1,149 three-beds in the community were fetching at the time.

It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, renewed on 21 June 2022, is AED 150,000 a year: a gross yield of 4.1% on the 2023 price, before the service charge of about AED 7,800 a year.

Sales and rents for V038 over time

Sales
Villa V038, each saleTypical three-bed in Lila Villas
2M4M6M20142017202020232026Typical sale price by year: 2014 AED 3,460,888; 2015 AED 3,438,888; 2017 AED 3,075,000; 2019 AED 2,500,000; 2020 AED 2,300,000; 2021 AED 2,990,000; 2022 AED 3,350,000; 2023 AED 3,900,000; 2024 AED 4,762,500; 2025 AED 5,750,000Sold by developer, April 2014: AED 3,316,888 (AED 1,042 per sqft)Sold, April 2021: AED 2,685,000 (AED 844 per sqft)Sold, July 2023: AED 3,675,000 (AED 1,155 per sqft)

V038 has sold 3 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa V038, each contractTypical three-bed in Lila Villas
200K2017202020232026Typical rent by year: 2017 AED 157,500; 2018 AED 155,000; 2019 AED 154,556; 2020 AED 140,000; 2021 AED 140,000; 2022 AED 150,000; 2023 AED 195,274; 2024 AED 250,000; 2025 AED 245,000; 2026 AED 260,000New contract, December 2017: AED 152,000 a yearRenewal, December 2018: AED 156,000 a yearNew contract, July 2019: AED 150,000 a yearNew contract, July 2020: AED 130,000 a yearNew contract, July 2021: AED 130,117 a yearRenewal, June 2022: AED 150,000 a year

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

3-beds in Lila Villas, and where V038 sits

All 53 3-beds →

V038 last sold in July 2023 at AED 1,155 per sqft, in line with what three-beds in Lila Villas were fetching at the time (AED 1,149). Over the last 12 months three-beds sold for AED 5,670,000 to 5,800,000, around AED 1,797 per sqft, and rent for AED 221,650 to 285,000 a year. V038's AED 150,000 is at the bottom of that range.

Recent 3-bed salesVilla no.Price (AED)Summary
12 Dec 20255,800,000
24 Nov 20255,670,000
23 Oct 20255,830,000
9 May 20255,600,000
2 3-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 →

V038, Lila Villas in numbers

  • Sold 3 times: first on 1 April 2014 for AED 3,316,888, last on 20 July 2023 for AED 3,675,000 (AED 1,155 per sqft).
  • Rented since December 2017 on 6 Ejari contracts. The rent fell from AED 152,000 to AED 130,000 in 2020 and recovered to AED 150,000 by June 2022.
  • At AED 150,000 a year the gross yield on the 2023 price is 4.1%, before a service charge of about AED 7,800 a year (AED 2.44 per sqft).
  • Three-beds in Lila Villas sold for AED 5,670,000–5,800,000 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 20 July 2023.

Questions about V038, Lila Villas

What did villa V038 last sell for?

AED 3,675,000 on 20 July 2023: AED 1,155 per sqft for 3,181 sqft. The villa has 3 registered sales; the first was AED 3,316,888 in April 2014.

What is the rent for villa V038?

AED 150,000 a year on the contract renewed on 21 June 2022. The previous contract, from July 2021, was AED 130,117; the villa has been rented since December 2017.

How big is villa V038?

3,181 sqft (295.5 sqm): a three-bedroom villa in Lila Villas, completed in 2017.

What is villa V038 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Lila Villas sold for AED 5,670,000 to 5,800,000 in the last 12 months, around AED 1,797 per sqft.

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Mortgage on V038, Lila Villas

Starts from the last sale price (AED 3.68M, 20 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,675,000
Deposit, UAE resident (20%)
AED 735,000
Deposit, non-resident (40%)
AED 1,470,000
Monthly over 25 years at 3.7%
AED 15,036

Plus AED 159,360 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →