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3-bed · 3,767 sqftAlvorada 2, Arabian Ranches · completed 2008

V023, Alvorada 2

Sold prices and rental history: sold 4 times, last in May 2022, and rented since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V023 · DLD and Ejari recordsUpdated 12 May 2022
Last soldAED 6.15M12 May 2022
Current rentAED 260K /yr30 March 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V023, Alvorada 2

What is V023 worth today?

Last sold for AED 6,150,000 in 2022

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12 May 2022SoldReady
AED 6,150,000AED 1,632 per sqft
27 Dec 2020SoldReady
AED 4,375,000AED 1,161 per sqft
28 Jan 2019SoldReady
AED 3,700,000AED 982 per sqft
30 Mar 2017RentedNew contract
AED 260,000/yr12 months · AED 69 per sqft
15 Feb 2015RentedNew contract
AED 260,000/yr12 months · AED 69 per sqft
6 Oct 2012RentedNew contract
AED 210,000/yr12 months · AED 56 per sqft
28 Apr 2011Sold by developerReady
AED 2,297,888AED 610 per sqft

Source: Dubai Land Department. Updated 12 May 2022.

Key facts

Type
3-bed villa
Size
3,767 sqft
Developer
Emaar
Completed
2008
Service charge
AED 9,400 /yr
Last sold
AED 6.15M · May 2022
Community
Alvorada 2

About V023, Alvorada 2

V023 is a three-bedroom villa of 3,767 sqft in Alvorada 2, a villa community in Arabian Ranches completed in 2008 by Emaar. It last sold on 12 May 2022 for AED 6,150,000, or AED 1,632 per sqft, 11% above the AED 1,465 three-beds in the community were fetching at the time.

It has been rented since 2012 on 3 Ejari contracts. The current contract, signed on 30 March 2017, is AED 260,000 a year: a gross yield of 4.2% on the 2022 price, before the service charge of about AED 9,400 a year.

Sales and rents for V023 over time

Sales
Villa V023, each saleTypical three-bed in Alvorada 2
05M10M2008201320182023Typical sale price by year: 2008 AED 2,276,888; 2009 AED 1,206,944; 2010 AED 2,913,444; 2011 AED 1,463,972; 2012 AED 3,482,500; 2013 AED 2,264,888; 2014 AED 4,995,000; 2017 AED 4,300,000; 2019 AED 3,322,500; 2020 AED 3,540,000; 2021 AED 4,500,000; 2022 AED 6,500,000; 2023 AED 6,987,500; 2024 AED 10,950,000; 2025 AED 11,250,000Sold by developer, April 2011: AED 2,297,888 (AED 610 per sqft)Sold, January 2019: AED 3,700,000 (AED 982 per sqft)Sold, December 2020: AED 4,375,000 (AED 1,161 per sqft)Sold, May 2022: AED 6,150,000 (AED 1,632 per sqft)

V023 has sold 4 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa V023, each contractTypical three-bed in Alvorada 2
200K300K2012201620202024Typical rent by year: 2012 AED 220,000; 2013 AED 240,750; 2014 AED 265,000; 2015 AED 260,000; 2016 AED 250,000; 2017 AED 242,500; 2018 AED 215,000; 2019 AED 200,000; 2020 AED 180,000; 2021 AED 200,000; 2022 AED 267,500; 2023 AED 260,000; 2024 AED 327,500; 2025 AED 340,000New contract, October 2012: AED 210,000 a yearNew contract, February 2015: AED 260,000 a yearNew contract, March 2017: AED 260,000 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 2, and where V023 sits

All 37 3-beds →

V023 last sold in May 2022 at AED 1,632 per sqft, 11% above what three-beds in Alvorada 2 were fetching at the time (AED 1,465). Over the last 12 months three-beds sold for AED 10,100,000 to 12,800,000, around AED 3,036 per sqft, and rent for AED 360,000 to 360,000 a year.

Recent 3-bed salesVilla no.Price (AED)Summary
18 Feb 202610,100,000
5 Dec 202512,800,000
2 Oct 202510,300,000
18 Feb 202511,250,000
2 3-bed sales in the last 12 months

Alvorada 2

Community

110 villas, 3-bed to 5-bed in Arabian Ranches, completed in 2008 by Emaar. 3 sold in the last 12 months.

Typical price per sqft
AED 2,673
Typical sale
AED 10.1M
Typical rent
AED 430K /yr
Typical yield
3.8%
Alvorada 2, Arabian Ranches: prices, sales and rents →

V023, Alvorada 2 in numbers

  • Sold 4 times: first on 28 April 2011 for AED 2,297,888, last on 12 May 2022 for AED 6,150,000 (AED 1,632 per sqft).
  • Rented since October 2012 on 3 Ejari contracts, from AED 210,000 to AED 260,000 a year.
  • At AED 260,000 a year the gross yield on the 2022 price is 4.2%, before a service charge of about AED 9,400 a year (AED 2.50 per sqft).
  • Three-beds in Alvorada 2 sold for AED 10,100,000–12,800,000 in the 12 months to November 2026; the community's median across all types is AED 2,673 per sqft.

Source: Dubai Land Department. Updated 12 May 2022.

Questions about V023, Alvorada 2

What did villa V023 last sell for?

AED 6,150,000 on 12 May 2022: AED 1,632 per sqft for 3,767 sqft. The villa has 4 registered sales; the first was AED 2,297,888 in April 2011.

What is the rent for villa V023?

AED 260,000 a year on the contract signed on 30 March 2017. The previous contract, from February 2015, was AED 260,000; the villa has been rented since October 2012.

How big is villa V023?

3,767 sqft (350.0 sqm): a three-bedroom villa in Alvorada 2, 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. Three-beds in Alvorada 2 sold for AED 10,100,000 to 12,800,000 in the last 12 months, around AED 3,036 per sqft.

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Mortgage on V023, Alvorada 2

Starts from the last sale price (AED 6.15M, 12 May 2022). Switch to today's estimate once you have unlocked it.
Price
AED 6,150,000
Deposit, UAE resident (20%)
AED 1,230,000
Deposit, non-resident (40%)
AED 2,460,000
Monthly over 25 years at 3.7%
AED 25,162

Plus AED 263,310 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →