V016, Alvorada 1
Sold prices and rental history: sold once, by the developer in November 2008, and rented since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for V016, Alvorada 1
What is V016 worth today?
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Source: Dubai Land Department. Updated 1 September 2013.
Key facts
- Type
- 3-bed villa
- Size
- 3,778 sqft
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 9,400 /yr
- Last sold
- AED 2.4M · November 2008
- Community
- Alvorada 1
About V016, Alvorada 1
V016 is a three-bedroom villa of 3,778 sqft in Alvorada 1, a villa community in Arabian Ranches completed in 2008 by Emaar. The developer sold it on 27 November 2008 for AED 2,398,888, or AED 635 per sqft, 4% below the AED 661 three-beds in the community were fetching at the time.
It has been rented since 2012 on 2 Ejari contracts. The current contract, renewed on 1 September 2013, is AED 240,000 a year: a gross yield of 10.0% on the 2008 price, before the service charge of about AED 9,400 a year.
Sales and rents for V016 over time
V016 has sold once; the dashed line is the three-bed median of each year in the community.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the community.
3-beds in Alvorada 1, and where V016 sits
All 21 3-beds →V016 last sold in November 2008 at AED 635 per sqft, 4% below what three-beds in Alvorada 1 were fetching at the time (AED 661). V016's AED 240,000 is in the lower half of that range.
| Recent 3-bed sales | Villa no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 1 Aug 20241 August 2024 | 3,767 sqft | 12,500,000 | 3,318 | ||
| 28 Aug 202328 August 2023 | 3,778 sqft | 6,800,000 | 1,800 | ||
| 25 Aug 202225 August 2022 | 3,767 sqft | 5,100,000 | 1,353 | ||
| 18 Jul 202218 July 2022 | 3,767 sqft | 6,200,000 | 1,645 |
Alvorada 1
Community60 villas, 3-bed to 5-bed in Arabian Ranches, completed in 2008 by Emaar. 1 sold in the last 12 months.
- Typical price per sqft
- AED 3,026
- Typical sale
- AED 12.8M
- Typical rent
- AED 415K /yr
- Typical yield
- 2.8%
V016, Alvorada 1 in numbers
- Sold once: by Emaar on 27 November 2008 for AED 2,398,888, or AED 635 per sqft.
- Rented since September 2012 on 2 Ejari contracts, at AED 240,000 a year.
- At AED 240,000 a year the gross yield on the 2008 price is 10.0%, before a service charge of about AED 9,400 a year (AED 2.50 per sqft).
Source: Dubai Land Department. Updated 1 September 2013.
Questions about V016, Alvorada 1
What did villa V016 last sell for?
AED 2,398,888 on 27 November 2008, sold by the developer: AED 635 per sqft for 3,778 sqft. It is the only registered sale of the villa.
What is the rent for villa V016?
AED 240,000 a year on the contract renewed on 1 September 2013. The previous contract, from September 2012, was AED 240,000.
How big is villa V016?
3,778 sqft (351.0 sqm): a three-bedroom villa in Alvorada 1, completed in 2008.
What is villa V016 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on V016, Alvorada 1
Starts from the last sale price (AED 2.4M, 27 November 2008). Switch to today's estimate once you have unlocked it.- Price
- AED 2,398,888
- Deposit, UAE resident (20%)
- AED 479,778
- Deposit, non-resident (40%)
- AED 959,555
- Monthly over 25 years at 3.7%
- AED 9,815
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →