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5-bed · 4,596 sqftMirador, Arabian Ranches · completed 2008

V242, Mirador

Sold prices and rental history: sold 3 times, last in August 2019, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V242 · DLD and Ejari recordsUpdated 28 August 2019
Last soldAED 3.29M28 August 2019
Current rentAED 249K /yr20 August 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V242, Mirador

What is V242 worth today?

Last sold for AED 3,290,000 in 2019

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28 Aug 2019SoldReady
AED 3,290,000AED 715 per sqft
20 Aug 2018RentedRenewal
AED 249,088/yr11 months · AED 54 per sqft
20 Aug 2017RentedRenewal
AED 270,000/yr12 months · AED 59 per sqft
20 Aug 2016RentedNew contract
AED 275,000/yr12 months · AED 60 per sqft
20 Aug 2015RentedNew contract
AED 275,000/yr12 months · AED 60 per sqft
16 Jul 2014RentedNew contract
AED 315,000/yr12 months · AED 69 per sqft
17 Jul 2013RentedNew contract
AED 300,000/yr12 months · AED 65 per sqft
31 Oct 2010SoldReady
AED 3,500,000AED 761 per sqft

Source: Dubai Land Department. Updated 28 August 2019.

Key facts

Type
5-bed villa
Size
4,596 sqft
Developer
Emaar
Completed
2008
Service charge
AED 14,200 /yr
Last sold
AED 3.29M · August 2019
Community
Mirador

About V242, Mirador

V242 is a five-bedroom villa of 4,596 sqft in Mirador, a villa community in Arabian Ranches completed in 2008 by Emaar. It last sold on 28 August 2019 for AED 3,290,000, or AED 715 per sqft, 12% below the AED 814 five-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, renewed on 20 August 2018, is AED 249,088 a year: a gross yield of 7.6% on the 2019 price, before the service charge of about AED 14,200 a year.

Sales and rents for V242 over time

Sales
Villa V242, each saleTypical five-bed in Mirador
05M10M2007201220172022Typical sale price by year: 2007 AED 2,378,888; 2008 AED 2,445,888; 2009 AED 3,500,000; 2010 AED 2,520,388; 2011 AED 3,565,000; 2012 AED 4,025,000; 2013 AED 5,340,000; 2014 AED 6,250,000; 2015 AED 5,475,000; 2016 AED 4,700,000; 2017 AED 4,765,000; 2018 AED 4,255,000; 2019 AED 3,575,000; 2020 AED 4,400,000; 2021 AED 5,000,000; 2022 AED 5,800,000; 2023 AED 6,300,000; 2024 AED 8,300,000; 2025 AED 10,600,000Sold by developer, May 2008: AED 1,182,444 (AED 257 per sqft)Sold, October 2010: AED 3,500,000 (AED 761 per sqft)Sold, August 2019: AED 3,290,000 (AED 715 per sqft)

V242 has sold 3 times; the dashed line is the five-bed median of each year in the community.

Rents
Villa V242, each contractTypical five-bed in Mirador
200K400K2012201620202024Typical rent by year: 2012 AED 270,000; 2013 AED 280,000; 2014 AED 297,000; 2015 AED 298,500; 2016 AED 284,500; 2017 AED 270,000; 2018 AED 245,000; 2019 AED 220,000; 2020 AED 210,000; 2021 AED 217,500; 2022 AED 250,000; 2023 AED 320,000; 2024 AED 396,188; 2025 AED 400,000; 2026 AED 475,000New contract, July 2013: AED 300,000 a yearNew contract, July 2014: AED 315,000 a yearNew contract, August 2015: AED 275,000 a yearNew contract, August 2016: AED 275,000 a yearRenewal, August 2017: AED 270,000 a yearRenewal, August 2018: AED 249,088 a year

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

5-beds in Mirador, and where V242 sits

All 129 5-beds →

V242 last sold in August 2019 at AED 715 per sqft, 12% below what five-beds in Mirador were fetching at the time (AED 814). Over the last 12 months five-beds sold for AED 12,250,000, around AED 2,665 per sqft, and rent for AED 330,000 to 525,000 a year. V242's AED 249,088 is at the bottom of that range.

Recent 5-bed salesVilla no.Price (AED)Summary
7 Jan 202612,250,000
14 Oct 202510,600,000
6 Oct 202510,450,000
21 Aug 202512,100,000
1 5-bed sale in the last 12 months

Mirador

Community

279 villas, 4-bed to 7-bed in Arabian Ranches, completed in 2008 by Emaar. 4 sold in the last 12 months.

Typical price per sqft
AED 2,689
Typical sale
AED 13M
Typical rent
AED 400K /yr
Typical yield
3.4%
Mirador, Arabian Ranches: prices, sales and rents →

V242, Mirador in numbers

  • Sold 3 times: first on 4 May 2008 for AED 1,182,444, last on 28 August 2019 for AED 3,290,000 (AED 715 per sqft).
  • Rented since July 2013 on 6 Ejari contracts, from AED 300,000 to AED 249,088 a year.
  • At AED 249,088 a year the gross yield on the 2019 price is 7.6%, before a service charge of about AED 14,200 a year (AED 3.08 per sqft).
  • Five-beds in Mirador sold for AED 12,250,000–12,250,000 in the 12 months to November 2026; the community's median across all types is AED 2,689 per sqft.

Source: Dubai Land Department. Updated 28 August 2019.

Questions about V242, Mirador

What did villa V242 last sell for?

AED 3,290,000 on 28 August 2019: AED 715 per sqft for 4,596 sqft. The villa has 3 registered sales; the first was AED 1,182,444 in May 2008.

What is the rent for villa V242?

AED 249,088 a year on the contract renewed on 20 August 2018. The previous contract, from August 2017, was AED 270,000; the villa has been rented since July 2013.

How big is villa V242?

4,596 sqft (427.0 sqm): a five-bedroom villa in Mirador, completed in 2008.

What is villa V242 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Five-beds in Mirador sold for AED 12,250,000 to 12,250,000 in the last 12 months, around AED 2,665 per sqft.

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Mortgage on V242, Mirador

Starts from the last sale price (AED 3.29M, 28 August 2019). Switch to today's estimate once you have unlocked it.
Price
AED 3,290,000
Deposit, UAE resident (20%)
AED 658,000
Deposit, non-resident (40%)
AED 1,316,000
Monthly over 25 years at 3.7%
AED 13,460

Plus AED 143,190 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →