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3-bed · 3,767 sqftAlvorada 1, Arabian Ranches · completed 2008

V038, Alvorada 1

Sold prices and rental history: sold 4 times, last in February 2021, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V038 · DLD and Ejari recordsUpdated 18 February 2021
Last soldAED 3.95M18 February 2021
Current rentAED 250K /yr15 November 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V038, Alvorada 1

What is V038 worth today?

Last sold for AED 3,950,000 in 2021

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18 Feb 2021SoldReady
AED 3,950,000AED 1,048 per sqft
15 Nov 2020RentedNew contract
AED 250,000/yr12 months · AED 66 per sqft
1 Jan 2020RentedRenewal
AED 202,000/yr12 months · AED 54 per sqft
1 Jan 2018RentedRenewal
AED 249,900/yr12 months · AED 66 per sqft
1 Jan 2017RentedNew contract
AED 249,900/yr12 months · AED 66 per sqft
12 Mar 2015SoldReady
AED 4,999,000AED 1,327 per sqft
1 Jan 2015RentedNew contract
AED 183,600/yr12 months · AED 49 per sqft
1 Feb 2014RentedNew contract
AED 280,000/yr12 months · AED 74 per sqft

Source: Dubai Land Department. Updated 18 February 2021.

Key facts

Type
3-bed villa
Size
3,767 sqft
Developer
Emaar
Completed
2008
Service charge
AED 9,400 /yr
Last sold
AED 3.95M · February 2021
Community
Alvorada 1

About V038, Alvorada 1

V038 is a three-bedroom villa of 3,767 sqft in Alvorada 1, a villa community in Arabian Ranches completed in 2008 by Emaar. It last sold on 18 February 2021 for AED 3,950,000, or AED 1,048 per sqft.

It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, signed on 15 November 2020, is AED 250,000 a year: a gross yield of 6.3% on the 2021 price, before the service charge of about AED 9,400 a year.

Sales and rents for V038 over time

Sales
Villa V038, each saleTypical three-bed in Alvorada 1
2M4M2008201220162020Typical sale price by year: 2008 AED 2,448,388; 2010 AED 2,204,888; 2011 AED 2,877,444; 2012 AED 2,679,388; 2014 AED 5,300,000; 2017 AED 3,575,000; 2021 AED 3,950,000; 2022 AED 5,100,000Sold by developer, May 2009: AED 2,100,888 (AED 557 per sqft)Sold, June 2011: AED 3,250,000 (AED 862 per sqft)Sold, March 2015: AED 4,999,000 (AED 1,327 per sqft)Sold, February 2021: AED 3,950,000 (AED 1,048 per sqft)

V038 has sold 4 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa V038, each contractTypical three-bed in Alvorada 1
200K300K2012201620202024Typical rent by year: 2012 AED 220,500; 2013 AED 245,000; 2014 AED 247,500; 2015 AED 245,000; 2016 AED 240,000; 2017 AED 240,000; 2018 AED 212,500; 2019 AED 205,000; 2020 AED 180,000; 2021 AED 180,000; 2022 AED 191,250; 2023 AED 275,000; 2024 AED 292,500; 2025 AED 330,000New contract, February 2014: AED 280,000 a yearNew contract, January 2015: AED 183,600 a yearNew contract, January 2017: AED 249,900 a yearRenewal, January 2018: AED 249,900 a yearRenewal, January 2020: AED 202,000 a yearNew contract, November 2020: AED 250,000 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 Alvorada 1, and where V038 sits

All 21 3-beds →

V038's AED 250,000 is in the lower half of that range.

Recent 3-bed salesVilla no.Price (AED)Summary
1 Aug 202412,500,000
28 Aug 20236,800,000
25 Aug 20225,100,000
18 Jul 20226,200,000
0 3-bed sales in the last 12 months

Alvorada 1

Community

60 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%
Alvorada 1, Arabian Ranches: prices, sales and rents →

V038, Alvorada 1 in numbers

  • Sold 4 times: first on 25 May 2009 for AED 2,100,888, last on 18 February 2021 for AED 3,950,000 (AED 1,048 per sqft).
  • Rented since February 2014 on 6 Ejari contracts. The rent fell from AED 280,000 to AED 183,600 in 2015 and recovered to AED 250,000 by November 2020.
  • At AED 250,000 a year the gross yield on the 2021 price is 6.3%, before a service charge of about AED 9,400 a year (AED 2.50 per sqft).

Source: Dubai Land Department. Updated 18 February 2021.

Questions about V038, Alvorada 1

What did villa V038 last sell for?

AED 3,950,000 on 18 February 2021: AED 1,048 per sqft for 3,767 sqft. The villa has 4 registered sales; the first was AED 2,100,888 in May 2009.

What is the rent for villa V038?

AED 250,000 a year on the contract signed on 15 November 2020. The previous contract, from January 2020, was AED 202,000; the villa has been rented since February 2014.

How big is villa V038?

3,767 sqft (350.0 sqm): a three-bedroom villa in Alvorada 1, completed in 2008.

What is villa V038 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 V038, Alvorada 1

Starts from the last sale price (AED 3.95M, 18 February 2021). Switch to today's estimate once you have unlocked it.
Price
AED 3,950,000
Deposit, UAE resident (20%)
AED 790,000
Deposit, non-resident (40%)
AED 1,580,000
Monthly over 25 years at 3.7%
AED 16,161

Plus AED 170,910 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →