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3-bed · 1,669 sqftVardon, Damac Hills 2 · completed 2022

XR1040B, Vardon

Sold prices and rental history: sold twice, last in December 2022, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa XR1040B · DLD and Ejari recordsUpdated 15 January 2023
Last soldAED 509K23 December 2022
Current rentAED 49K /yr15 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for XR1040B, Vardon

What is XR1040B worth today?

Last sold for AED 508,800 in 2022

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15 Jan 2023RentedNew contract
AED 49,000/yr12 months · AED 29 per sqft
23 Dec 2022SoldReady
AED 508,800AED 304 per sqft
25 Mar 2021RentedNew contract
AED 40,000/yr12 months · AED 24 per sqft
11 Nov 2020RentedNew contract
AED 70,000/yr12 months · AED 42 per sqft
25 Oct 2017Sold by developerOff-plan
AED 999,999AED 599 per sqft

Source: Dubai Land Department. Updated 15 January 2023.

Key facts

Type
3-bed villa
Size
1,669 sqft
Developer
DAMAC
Completed
2022
Last sold
AED 509K · December 2022
Community
Vardon

About XR1040B, Vardon

XR1040B is a three-bedroom villa of 1,669 sqft in Vardon, a villa community in Damac Hills 2 completed in 2022 by DAMAC. It last sold on 23 December 2022 for AED 508,800, or AED 304 per sqft, 38% below the AED 488 three-beds in the community were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, signed on 15 January 2023, is AED 49,000 a year: a gross yield of 9.6% on the 2022 price.

Sales and rents for XR1040B over time

Sales
Villa XR1040B, each saleTypical three-bed in Vardon
500K1M2016201920222025Typical sale price by year: 2016 AED 1,000,000; 2017 AED 1,000,000; 2018 AED 1,000,000; 2019 AED 900,000; 2020 AED 700,000; 2021 AED 849,300; 2022 AED 820,000; 2023 AED 925,000; 2024 AED 1,121,500; 2025 AED 1,275,000; 2026 AED 1,325,000Sold by developer, October 2017: AED 999,999 (AED 599 per sqft)Sold, December 2022: AED 508,800 (AED 304 per sqft)

XR1040B has sold twice; the dashed line is the three-bed median of each year in the community.

Rents
Villa XR1040B, each contractTypical three-bed in Vardon
50K75K2020202220242026Typical rent by year: 2020 AED 44,000; 2021 AED 42,000; 2022 AED 45,000; 2023 AED 53,000; 2024 AED 70,000; 2025 AED 80,000; 2026 AED 85,000New contract, November 2020: AED 70,000 a yearNew contract, March 2021: AED 40,000 a yearNew contract, January 2023: AED 49,000 a year

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

3-beds in Vardon, and where XR1040B sits

All 673 3-beds →

XR1040B last sold in December 2022 at AED 304 per sqft, 38% below what three-beds in Vardon were fetching at the time (AED 488). Over the last 12 months three-beds sold for AED 1,130,000 to 1,760,000, around AED 779 per sqft, and rent for AED 64,000 to 121,846 a year. XR1040B's AED 49,000 is at the bottom of that range.

Recent 3-bed salesVilla no.Price (AED)Summary
13 Feb 20261,300,000
9 Feb 20261,760,000
5 Feb 20261,350,000
26 Jan 20261,425,000
17 3-bed sales in the last 12 months

Vardon

Community

692 villas, 3-bed to 6-bed in Damac Hills 2, completed in 2022 by DAMAC. 17 sold in the last 12 months.

Typical price per sqft
AED 779 Up 3.2%
Typical sale
AED 1.3M
Typical rent
AED 84K /yr
Typical yield
6.4%
Vardon, Damac Hills 2: prices, sales and rents →

XR1040B, Vardon in numbers

  • Sold twice: first on 25 October 2017 for AED 999,999, last on 23 December 2022 for AED 508,800 (AED 304 per sqft).
  • Rented since November 2020 on 3 Ejari contracts. The rent fell from AED 70,000 to AED 40,000 in 2021 and recovered to AED 49,000 by January 2023.
  • At AED 49,000 a year the gross yield on the 2022 price is 9.6%.
  • Three-beds in Vardon sold for AED 1,130,000–1,760,000 in the 12 months to November 2026; the community's median across all types is AED 779 per sqft.

Source: Dubai Land Department. Updated 15 January 2023.

Questions about XR1040B, Vardon

What did villa XR1040B last sell for?

AED 508,800 on 23 December 2022: AED 304 per sqft for 1,669 sqft. The villa has 2 registered sales; the first was AED 999,999 in October 2017.

What is the rent for villa XR1040B?

AED 49,000 a year on the contract signed on 15 January 2023. The previous contract, from March 2021, was AED 40,000; the villa has been rented since November 2020.

How big is villa XR1040B?

1,669 sqft (155.1 sqm): a three-bedroom villa in Vardon, completed in 2022.

What is villa XR1040B worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Vardon sold for AED 1,130,000 to 1,760,000 in the last 12 months, around AED 779 per sqft.

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Mortgage on XR1040B, Vardon

Starts from the last sale price (AED 509K, 23 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 508,800
Deposit, UAE resident (20%)
AED 101,760
Deposit, non-resident (40%)
AED 203,520
Monthly over 25 years at 3.7%
AED 2,082

Plus AED 26,380 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →