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

V037, Terra Nova

Sold prices and rental history: sold once, by the developer in July 2010, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V037 · DLD and Ejari recordsUpdated 15 July 2024
Last soldAED 2.39M6 July 2010
Current rentAED 500K /yr15 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V037, Terra Nova

What is V037 worth today?

Last sold for AED 2,386,888 in 2010

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15 Jul 2024RentedRenewal
AED 500,000/yr12 months · AED 98 per sqft
15 Jul 2022RentedRenewal
AED 375,000/yr12 months · AED 73 per sqft
15 Jul 2021RentedRenewal
AED 375,000/yr12 months · AED 73 per sqft
15 Jul 2020RentedRenewal
AED 350,000/yr12 months · AED 68 per sqft
1 Jul 2018RentedNew contract
AED 360,000/yr12 months · AED 70 per sqft
19 Jun 2012RentedNew contract
AED 280,000/yr12 months · AED 55 per sqft
6 Jul 2010Sold by developerReady
AED 2,386,888AED 466 per sqft

Source: Dubai Land Department. Updated 15 July 2024.

Key facts

Type
6-bed villa
Size
5,119 sqft
Service charge
AED 15,800 /yr
Last sold
AED 2.39M · July 2010
Community
Terra Nova

About V037, Terra Nova

V037 is a six-bedroom villa of 5,119 sqft in Terra Nova, a villa community in Arabian Ranches. The developer sold it on 6 July 2010 for AED 2,386,888, or AED 466 per sqft, 29% below the AED 658 six-beds in the community were fetching at the time.

It has been rented continuously since 2012 on 6 Ejari contracts. The current contract, renewed on 15 July 2024, is AED 500,000 a year: a gross yield of 20.9% on the 2010 price, before the service charge of about AED 15,800 a year.

Sales and rents for V037 over time

Sales
Villa V037, 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, July 2010: AED 2,386,888 (AED 466 per sqft)

V037 has sold once; the dashed line is the six-bed median of each year in the community.

Rents
Villa V037, 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 499,750New contract, June 2012: AED 280,000 a yearNew contract, July 2018: AED 360,000 a yearRenewal, July 2020: AED 350,000 a yearRenewal, July 2021: AED 375,000 a yearRenewal, July 2022: AED 375,000 a yearRenewal, July 2024: AED 500,000 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 V037 sits

All 34 6-beds →

V037 last sold in July 2010 at AED 466 per sqft, 29% below what six-beds in Terra Nova were fetching at the time (AED 658). 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 →

V037, Terra Nova in numbers

  • Sold once: by the developer on 6 July 2010 for AED 2,386,888, or AED 466 per sqft.
  • Rented since June 2012 on 6 Ejari contracts, from AED 280,000 to AED 500,000 a year.
  • At AED 500,000 a year the gross yield on the 2010 price is 20.9%, 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 15 July 2024.

Questions about V037, Terra Nova

What did villa V037 last sell for?

AED 2,386,888 on 6 July 2010, sold by the developer: AED 466 per sqft for 5,119 sqft. It is the only registered sale of the villa.

What is the rent for villa V037?

AED 500,000 a year on the contract renewed on 15 July 2024. The previous contract, from July 2022, was AED 375,000; the villa has been rented since June 2012.

How big is villa V037?

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

What is villa V037 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 V037, Terra Nova

Starts from the last sale price (AED 2.39M, 6 July 2010). Switch to today's estimate once you have unlocked it.
Price
AED 2,386,888
Deposit, UAE resident (20%)
AED 477,378
Deposit, non-resident (40%)
AED 954,755
Monthly over 25 years at 3.7%
AED 9,765

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