V023, Alvorada 1
Sold prices and rental history: sold once, by the developer in June 2008, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for V023, Alvorada 1
What is V023 worth today?
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Source: Dubai Land Department. Updated 1 July 2018.
Key facts
- Type
- 5-bed villa
- Size
- 5,072 sqft
- Developer
- Emaar
- Completed
- 2008
- Service charge
- AED 12,700 /yr
- Last sold
- AED 4.71M · June 2008
- Community
- Alvorada 1
About V023, Alvorada 1
V023 is a five-bedroom villa of 5,072 sqft in Alvorada 1, a villa community in Arabian Ranches completed in 2008 by Emaar. The developer sold it on 19 June 2008 for AED 4,713,888, or AED 929 per sqft, 41% above the AED 659 five-beds in the community were fetching at the time.
It has been rented since 2017 on 2 Ejari contracts. The current contract, renewed on 1 July 2018, is AED 280,000 a year: a gross yield of 5.9% on the 2008 price, before the service charge of about AED 12,700 a year.
Sales and rents for V023 over time
V023 has sold once; the dashed line is the five-bed median of each year in the community.
Annual rent on each registered contract; the dashed line is the five-bed median of each year in the community.
5-beds in Alvorada 1, and where V023 sits
All 14 5-beds →V023 last sold in June 2008 at AED 929 per sqft, 41% above what five-beds in Alvorada 1 were fetching at the time (AED 659).
| Recent 5-bed sales | Villa no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 23 Dec 202423 December 2024 | 5,072 sqft | 8,500,000 | 1,675 | ||
| 13 Oct 202313 October 2023 | 4,652 sqft | 8,500,000 | 1,827 | ||
| 8 Feb 20218 February 2021 | 4,652 sqft | 4,150,000 | 892 | ||
| 12 Nov 202012 November 2020 | 4,652 sqft | 3,875,000 | 832 |
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%
V023, Alvorada 1 in numbers
- Sold once: by Emaar on 19 June 2008 for AED 4,713,888, or AED 929 per sqft.
- Rented since July 2017 on 2 Ejari contracts, from AED 300,000 to AED 280,000 a year.
- At AED 280,000 a year the gross yield on the 2008 price is 5.9%, before a service charge of about AED 12,700 a year (AED 2.50 per sqft).
Source: Dubai Land Department. Updated 1 July 2018.
Questions about V023, Alvorada 1
What did villa V023 last sell for?
AED 4,713,888 on 19 June 2008, sold by the developer: AED 929 per sqft for 5,072 sqft. It is the only registered sale of the villa.
What is the rent for villa V023?
AED 280,000 a year on the contract renewed on 1 July 2018. The previous contract, from July 2017, was AED 300,000.
How big is villa V023?
5,072 sqft (471.2 sqm): a five-bedroom villa in Alvorada 1, completed in 2008.
What is villa V023 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 V023, Alvorada 1
Starts from the last sale price (AED 4.71M, 19 June 2008). Switch to today's estimate once you have unlocked it.- Price
- AED 4,713,888
- Deposit, UAE resident (20%)
- AED 942,778
- Deposit, non-resident (40%)
- AED 1,885,555
- Monthly over 25 years at 3.7%
- AED 19,286
Plus AED 202,994 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →