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5-bed · 4,361 sqftTerra Nova, Arabian Ranches

V023, Terra Nova

Sold prices and rental history: sold 3 times, last in February 2024, and rented once, from April 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V023 · DLD and Ejari recordsUpdated 20 February 2024
Last soldAED 9.4M20 February 2024
Current rentAED 220K /yr15 April 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V023, Terra Nova

What is V023 worth today?

Last sold for AED 9,400,000 in 2024

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20 Feb 2024SoldReady
AED 9,400,000AED 2,155 per sqft
8 Dec 2020SoldReady
AED 3,725,000AED 854 per sqft
15 Apr 2020RentedNew contract
AED 220,000/yr12 months · AED 50 per sqft
4 May 2008Sold by developerReady
AED 1,845,888AED 423 per sqft

Source: Dubai Land Department. Updated 20 February 2024.

Key facts

Type
5-bed villa
Size
4,361 sqft
Service charge
AED 13,400 /yr
Last sold
AED 9.4M · February 2024
Community
Terra Nova

About V023, Terra Nova

V023 is a five-bedroom villa of 4,361 sqft in Terra Nova, a villa community in Arabian Ranches. It last sold on 20 February 2024 for AED 9,400,000, or AED 2,155 per sqft, 21% above the AED 1,777 five-beds in the community were fetching at the time.

One Ejari contract is registered, from 15 April 2020. The current contract, signed on 15 April 2020, is AED 220,000 a year: a gross yield of 2.3% on the 2024 price, before the service charge of about AED 13,400 a year.

Sales and rents for V023 over time

Sales
Villa V023, each saleTypical five-bed in Terra Nova
5M10M2007201220172022Typical sale price by year: 2007 AED 1,911,888; 2008 AED 2,053,888; 2009 AED 3,425,444; 2010 AED 1,920,888; 2011 AED 1,862,888; 2012 AED 4,335,000; 2013 AED 5,500,000; 2015 AED 5,000,000; 2017 AED 5,336,690; 2018 AED 4,800,000; 2019 AED 3,670,000; 2020 AED 3,662,500; 2021 AED 4,590,000; 2022 AED 6,700,000; 2023 AED 6,875,000; 2025 AED 11,250,000Sold by developer, May 2008: AED 1,845,888 (AED 423 per sqft)Sold, December 2020: AED 3,725,000 (AED 854 per sqft)Sold, February 2024: AED 9,400,000 (AED 2,155 per sqft)

V023 has sold 3 times; the dashed line is the five-bed median of each year in the community.

Rents
Villa V023, each contractTypical five-bed in Terra Nova
200K400K2012201620202024Typical rent by year: 2012 AED 282,500; 2013 AED 287,500; 2014 AED 315,000; 2015 AED 313,500; 2016 AED 304,000; 2017 AED 295,000; 2018 AED 277,500; 2019 AED 235,000; 2020 AED 215,000; 2021 AED 225,375; 2022 AED 280,000; 2023 AED 400,000; 2024 AED 435,000; 2025 AED 450,000; 2026 AED 450,000New contract, April 2020: AED 220,000 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 Terra Nova, and where V023 sits

All 61 5-beds →

V023 last sold in February 2024 at AED 2,155 per sqft, 21% above what five-beds in Terra Nova were fetching at the time (AED 1,777). Over the last 12 months five-beds sold for AED 12,750,000, around AED 2,770 per sqft, and rent for AED 375,000 to 630,000 a year. V023's AED 220,000 is at the bottom of that range.

Recent 5-bed salesVilla no.Price (AED)Summary
6 Jan 202612,750,000
28 Aug 202512,850,000
1 Aug 202510,600,000
11 Jun 202510,550,000
1 5-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 →

V023, Terra Nova in numbers

  • Sold 3 times: first on 4 May 2008 for AED 1,845,888, last on 20 February 2024 for AED 9,400,000 (AED 2,155 per sqft).
  • Rented since April 2020 on one Ejari contract, at AED 220,000 a year.
  • At AED 220,000 a year the gross yield on the 2024 price is 2.3%, before a service charge of about AED 13,400 a year (AED 3.08 per sqft).
  • Five-beds in Terra Nova sold for AED 12,750,000–12,750,000 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 20 February 2024.

Questions about V023, Terra Nova

What did villa V023 last sell for?

AED 9,400,000 on 20 February 2024: AED 2,155 per sqft for 4,361 sqft. The villa has 3 registered sales; the first was AED 1,845,888 in May 2008.

What is the rent for villa V023?

AED 220,000 a year on the contract signed on 15 April 2020.

How big is villa V023?

4,361 sqft (405.2 sqm): a five-bedroom villa in Terra Nova.

What is villa V023 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Five-beds in Terra Nova sold for AED 12,750,000 to 12,750,000 in the last 12 months, around AED 2,770 per sqft.

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Mortgage on V023, Terra Nova

Starts from the last sale price (AED 9.4M, 20 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 9,400,000
Deposit, UAE resident (20%)
AED 1,880,000
Deposit, non-resident (40%)
AED 3,760,000
Monthly over 25 years at 3.7%
AED 38,458

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