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4-bed · 4,248 sqftAlvorada 3, Arabian Ranches · completed 2008

V023, Alvorada 3

Sold prices and rental history: sold twice, last in June 2022, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V023 · DLD and Ejari recordsUpdated 9 June 2022
Last soldAED 5M9 June 2022
Current rentAED 189K /yr10 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V023, Alvorada 3

What is V023 worth today?

Last sold for AED 5,000,000 in 2022

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9 Jun 2022SoldReady
AED 5,000,000AED 1,176 per sqft
10 Mar 2022RentedRenewal
AED 189,000/yr12 months · AED 44 per sqft
10 Mar 2021RentedRenewal
AED 180,000/yr12 months · AED 42 per sqft
10 Mar 2020RentedRenewal
AED 190,000/yr12 months · AED 45 per sqft
10 Mar 2019RentedNew contract
AED 200,000/yr12 months · AED 47 per sqft
12 Oct 2016RentedRenewal
AED 255,000/yr12 months · AED 60 per sqft
16 Jul 2013Sold by developerReady
AED 2,724,888AED 641 per sqft

Source: Dubai Land Department. Updated 9 June 2022.

Key facts

Type
4-bed villa
Size
4,248 sqft
Developer
Emaar
Completed
2008
Service charge
AED 10,600 /yr
Last sold
AED 5M · June 2022
Community
Alvorada 3

About V023, Alvorada 3

V023 is a four-bedroom villa of 4,248 sqft in Alvorada 3, a villa community in Arabian Ranches completed in 2008 by Emaar. It last sold on 9 June 2022 for AED 5,000,000, or AED 1,176 per sqft, in line with the AED 1,176 four-beds in the community were fetching at the time.

It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, renewed on 10 March 2022, is AED 189,000 a year: a gross yield of 3.8% on the 2022 price, before the service charge of about AED 10,600 a year.

Sales and rents for V023 over time

Sales
Villa V023, each saleTypical four-bed in Alvorada 3
5M2008201320182023Typical sale price by year: 2008 AED 3,228,888; 2009 AED 2,808,888; 2011 AED 2,740,388; 2012 AED 2,676,888; 2013 AED 2,738,888; 2015 AED 5,450,000; 2021 AED 4,000,000; 2024 AED 8,300,000Sold by developer, July 2013: AED 2,724,888 (AED 641 per sqft)Sold, June 2022: AED 5,000,000 (AED 1,176 per sqft)

V023 has sold twice; the dashed line is the four-bed median of each year in the community.

Rents
Villa V023, each contractTypical four-bed in Alvorada 3
200K300K400K2012201620202024Typical rent by year: 2012 AED 252,500; 2013 AED 267,500; 2014 AED 273,000; 2015 AED 291,000; 2016 AED 285,000; 2017 AED 246,032; 2018 AED 240,000; 2019 AED 212,500; 2020 AED 200,000; 2021 AED 202,500; 2022 AED 225,750; 2023 AED 360,000; 2024 AED 362,500; 2025 AED 400,000Renewal, October 2016: AED 255,000 a yearNew contract, March 2019: AED 200,000 a yearRenewal, March 2020: AED 190,000 a yearRenewal, March 2021: AED 180,000 a yearRenewal, March 2022: AED 189,000 a year

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

4-beds in Alvorada 3, and where V023 sits

All 25 4-beds →

V023 last sold in June 2022 at AED 1,176 per sqft, in line with what four-beds in Alvorada 3 were fetching at the time (AED 1,176).

Recent 4-bed salesVilla no.Price (AED)Summary
30 May 202513,600,000
25 Feb 20259,000,000
16 May 202410,750,000
1 May 20248,300,000
0 4-bed sales in the last 12 months

Alvorada 3

Community

61 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 3,252
Typical sale
AED 16.5M
Typical rent
AED 385K /yr
Typical yield
2.8%
Alvorada 3, Arabian Ranches: prices, sales and rents →

V023, Alvorada 3 in numbers

  • Sold twice: first on 16 July 2013 for AED 2,724,888, last on 9 June 2022 for AED 5,000,000 (AED 1,176 per sqft).
  • Rented since October 2016 on 5 Ejari contracts, from AED 255,000 to AED 189,000 a year.
  • At AED 189,000 a year the gross yield on the 2022 price is 3.8%, before a service charge of about AED 10,600 a year (AED 2.50 per sqft).

Source: Dubai Land Department. Updated 9 June 2022.

Questions about V023, Alvorada 3

What did villa V023 last sell for?

AED 5,000,000 on 9 June 2022: AED 1,176 per sqft for 4,248 sqft. The villa has 2 registered sales; the first was AED 2,724,888 in July 2013.

What is the rent for villa V023?

AED 189,000 a year on the contract renewed on 10 March 2022. The previous contract, from March 2021, was AED 180,000; the villa has been rented since October 2016.

How big is villa V023?

4,248 sqft (394.7 sqm): a four-bedroom villa in Alvorada 3, 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 3

Starts from the last sale price (AED 5M, 9 June 2022). Switch to today's estimate once you have unlocked it.
Price
AED 5,000,000
Deposit, UAE resident (20%)
AED 1,000,000
Deposit, non-resident (40%)
AED 2,000,000
Monthly over 25 years at 3.7%
AED 20,457

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →