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6-bed · 5,119 sqftTerra Nova, Arabian Ranches

V022, Terra Nova

Sold prices and rental history: sold twice, last in August 2016, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V022 · DLD and Ejari recordsUpdated 1 February 2024
Last soldAED 5.5M1 August 2016
Current rentAED 410K /yr1 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V022, Terra Nova

What is V022 worth today?

Last sold for AED 5,500,000 in 2016

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1 Feb 2024RentedRenewal
AED 409,500/yr12 months · AED 80 per sqft
1 Feb 2023RentedNew contract
AED 390,000/yr12 months · AED 76 per sqft
1 Feb 2022RentedNew contract
AED 390,000/yr12 months · AED 76 per sqft
11 Dec 2021RentedNew contract
AED 242,004/yr1 months · AED 47 per sqft
11 Sep 2021RentedRenewal
AED 242,000/yr3 months · AED 47 per sqft
1 Aug 2016SoldReady
AED 5,500,000AED 1,074 per sqft
30 Mar 2010Sold by developerReady
AED 2,248,888AED 439 per sqft

Source: Dubai Land Department. Updated 1 February 2024.

Key facts

Type
6-bed villa
Size
5,119 sqft
Service charge
AED 15,800 /yr
Last sold
AED 5.5M · August 2016
Community
Terra Nova

About V022, Terra Nova

V022 is a six-bedroom villa of 5,119 sqft in Terra Nova, a villa community in Arabian Ranches. It last sold on 1 August 2016 for AED 5,500,000, or AED 1,074 per sqft, 10% below the AED 1,189 six-beds in the community were fetching at the time.

It has been rented continuously since 2021 on 5 Ejari contracts. The current contract, renewed on 1 February 2024, is AED 409,500 a year: a gross yield of 7.4% on the 2016 price, before the service charge of about AED 15,800 a year.

Sales and rents for V022 over time

Sales
Villa V022, each saleTypical six-bed in Terra Nova
5M10M2007201220172022Typical sale price by year: 2007 AED 2,194,888; 2008 AED 2,427,194; 2009 AED 4,260,000; 2010 AED 2,248,888; 2011 AED 4,275,000; 2012 AED 5,650,000; 2013 AED 5,950,000; 2016 AED 5,500,000; 2018 AED 4,450,000; 2019 AED 3,650,000; 2021 AED 5,299,500; 2022 AED 6,700,000; 2024 AED 10,600,000Sold by developer, March 2010: AED 2,248,888 (AED 439 per sqft)Sold, August 2016: AED 5,500,000 (AED 1,074 per sqft)

V022 has sold twice; the dashed line is the six-bed median of each year in the community.

Rents
Villa V022, each contractTypical six-bed in Terra Nova
200K400K2012201620202024Typical rent by year: 2012 AED 325,000; 2013 AED 340,000; 2014 AED 340,000; 2015 AED 350,000; 2016 AED 350,000; 2017 AED 330,000; 2018 AED 299,000; 2019 AED 260,000; 2020 AED 242,500; 2021 AED 250,000; 2022 AED 390,000; 2023 AED 420,000; 2024 AED 514,500; 2025 AED 499,750Renewal, September 2021: AED 242,000 a yearNew contract, December 2021: AED 242,004 a yearNew contract, February 2022: AED 390,000 a yearNew contract, February 2023: AED 390,000 a yearRenewal, February 2024: AED 409,500 a year

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

6-beds in Terra Nova, and where V022 sits

All 34 6-beds →

V022 last sold in August 2016 at AED 1,074 per sqft, 10% below what six-beds in Terra Nova were fetching at the time (AED 1,189). Over the last 12 months six-beds sold for AED 12,250,000, around AED 2,321 per sqft.

Recent 6-bed salesVilla no.Price (AED)Summary
12 Nov 202512,250,000
9 Jul 202513,000,000
19 Dec 202410,600,000
27 Sep 202410,925,000
1 6-bed sale in the last 12 months

Terra Nova

Community

119 villas, 4-bed to 7-bed in Arabian Ranches. 3 sold in the last 12 months.

Typical price per sqft
AED 2,705
Typical sale
AED 12.25M
Typical rent
AED 450K /yr
Typical yield
3.7%
Terra Nova, Arabian Ranches: prices, sales and rents →

V022, Terra Nova in numbers

  • Sold twice: first on 30 March 2010 for AED 2,248,888, last on 1 August 2016 for AED 5,500,000 (AED 1,074 per sqft).
  • Rented since September 2021 on 5 Ejari contracts, from AED 242,000 to AED 409,500 a year.
  • At AED 409,500 a year the gross yield on the 2016 price is 7.4%, before a service charge of about AED 15,800 a year (AED 3.08 per sqft).
  • Six-beds in Terra Nova 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 2,705 per sqft.

Source: Dubai Land Department. Updated 1 February 2024.

Questions about V022, Terra Nova

What did villa V022 last sell for?

AED 5,500,000 on 1 August 2016: AED 1,074 per sqft for 5,119 sqft. The villa has 2 registered sales; the first was AED 2,248,888 in March 2010.

What is the rent for villa V022?

AED 409,500 a year on the contract renewed on 1 February 2024. The previous contract, from February 2023, was AED 390,000; the villa has been rented since September 2021.

How big is villa V022?

5,119 sqft (475.6 sqm): a six-bedroom villa in Terra Nova.

What is villa V022 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Six-beds in Terra Nova sold for AED 12,250,000 to 12,250,000 in the last 12 months, around AED 2,321 per sqft.

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Mortgage on V022, Terra Nova

Starts from the last sale price (AED 5.5M, 1 August 2016). Switch to today's estimate once you have unlocked it.
Price
AED 5,500,000
Deposit, UAE resident (20%)
AED 1,100,000
Deposit, non-resident (40%)
AED 2,200,000
Monthly over 25 years at 3.7%
AED 22,502

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