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4-bed · 3,541 sqftMirador La Colleccion 2, Arabian Ranches · completed 2008

V2 - 040, Mirador La Colleccion 2

Sold prices and rental history: sold 3 times, last in October 2020, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V2 - 040 · DLD and Ejari recordsUpdated 22 October 2020
Last soldAED 3.35M22 October 2020
Current rentAED 235K /yr1 August 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for V2 - 040, Mirador La Colleccion 2

What is V2 - 040 worth today?

Last sold for AED 3,350,000 in 2020

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22 Oct 2020SoldReady
AED 3,350,000AED 946 per sqft
1 Aug 2017RentedNew contract
AED 235,000/yr12 months · AED 66 per sqft
8 Sep 2016RentedNew contract
AED 250,000/yr12 months · AED 71 per sqft
15 May 2016RentedRenewal
AED 280,000/yr3 months · AED 79 per sqft
15 May 2015RentedNew contract
AED 280,000/yr12 months · AED 79 per sqft
15 May 2014RentedNew contract
AED 280,000/yr12 months · AED 79 per sqft
24 Jun 2008Sold by developerReady
AED 2,189,888AED 618 per sqft
24 Jun 2008SoldReady
AED 5,620,000AED 1,587 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 22 October 2020.

Key facts

Type
4-bed villa
Size
3,541 sqft
Developer
Emaar
Completed
2008
Service charge
AED 8,900 /yr
Last sold
AED 3.35M · October 2020
Community
Mirador La Colleccion 2

About V2 - 040, Mirador La Colleccion 2

V2 - 040 is a four-bedroom villa of 3,541 sqft in Mirador La Colleccion 2, a villa community in Arabian Ranches completed in 2008 by Emaar. It last sold on 22 October 2020 for AED 3,350,000, or AED 946 per sqft, in line with the AED 953 four-beds in the community were fetching at the time.

It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, signed on 1 August 2017, is AED 235,000 a year: a gross yield of 7.0% on the 2020 price, before the service charge of about AED 8,900 a year.

Sales and rents for V2 - 040 over time

Sales
Villa V2 - 040, each saleTypical four-bed in Mirador La Colleccion 2
5M2008201320182023Typical sale price by year: 2008 AED 2,469,888; 2009 AED 2,574,888; 2010 AED 2,499,888; 2011 AED 3,003,944; 2012 AED 4,050,000; 2014 AED 5,400,000; 2016 AED 4,694,500; 2017 AED 4,000,000; 2018 AED 3,900,000; 2020 AED 3,650,000; 2023 AED 7,400,000; 2024 AED 8,200,000Sold by developer, June 2008: AED 2,189,888 (AED 618 per sqft)Sold, June 2008: AED 5,620,000 (AED 1,587 per sqft)Sold, October 2020: AED 3,350,000 (AED 946 per sqft)

V2 - 040 has sold 3 times; the dashed line is the four-bed median of each year in the community.

Rents
Villa V2 - 040, each contractTypical four-bed in Mirador La Colleccion 2
200K300K400K2012201620202024Typical rent by year: 2012 AED 235,000; 2013 AED 260,000; 2014 AED 273,000; 2015 AED 280,000; 2016 AED 280,000; 2017 AED 232,500; 2018 AED 217,500; 2019 AED 245,000; 2020 AED 215,000; 2021 AED 257,500; 2022 AED 291,250; 2023 AED 320,000; 2024 AED 420,000; 2025 AED 430,000New contract, May 2014: AED 280,000 a yearNew contract, May 2015: AED 280,000 a yearRenewal, May 2016: AED 280,000 a yearNew contract, September 2016: AED 250,000 a yearNew contract, August 2017: AED 235,000 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 Mirador La Colleccion 2, and where V2 - 040 sits

All 38 4-beds →

V2 - 040 last sold in October 2020 at AED 946 per sqft, in line with what four-beds in Mirador La Colleccion 2 were fetching at the time (AED 953).

Recent 4-bed salesVilla no.Price (AED)Summary
29 Oct 202517,300,000
2 May 20259,900,000
2 Apr 202513,800,000
31 Oct 20247,500,000
0 4-bed sales in the last 12 months

Mirador La Colleccion 2

Community

93 villas, 4-bed to 7-bed in Arabian Ranches, completed in 2008 by Emaar. No sale in the last 12 months.

Typical price per sqft
Few sales
Typical sale
Few sales
Typical rent
AED 416K /yr
Typical yield
Mirador La Colleccion 2, Arabian Ranches: prices, sales and rents →

V2 - 040, Mirador La Colleccion 2 in numbers

  • Sold 3 times: first on 24 June 2008 for AED 5,620,000, last on 22 October 2020 for AED 3,350,000 (AED 946 per sqft).
  • Rented since May 2014 on 5 Ejari contracts, from AED 280,000 to AED 235,000 a year.
  • At AED 235,000 a year the gross yield on the 2020 price is 7.0%, before a service charge of about AED 8,900 a year (AED 2.50 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 22 October 2020.

Questions about V2 - 040, Mirador La Colleccion 2

What did villa V2 - 040 last sell for?

AED 3,350,000 on 22 October 2020: AED 946 per sqft for 3,541 sqft. The villa has 3 registered sales; the first was AED 5,620,000 in June 2008.

What is the rent for villa V2 - 040?

AED 235,000 a year on the contract signed on 1 August 2017. The previous contract, from September 2016, was AED 250,000; the villa has been rented since May 2014.

How big is villa V2 - 040?

3,541 sqft (329.0 sqm): a four-bedroom villa in Mirador La Colleccion 2, completed in 2008.

What is villa V2 - 040 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 V2 - 040, Mirador La Colleccion 2

Starts from the last sale price (AED 3.35M, 22 October 2020). Switch to today's estimate once you have unlocked it.
Price
AED 3,350,000
Deposit, UAE resident (20%)
AED 670,000
Deposit, non-resident (40%)
AED 1,340,000
Monthly over 25 years at 3.7%
AED 13,706

Plus AED 145,710 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →