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4-bed · 3,200 sqftQueens Meadow, Damac Hills · completed 2014

L024B, Queens Meadow

Sold prices and rental history: sold twice, last in August 2024, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa L024B · DLD and Ejari recordsUpdated 22 August 2024
Last soldAED 5M22 August 2024
Current rentAED 230K /yr1 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for L024B, Queens Meadow

What is L024B worth today?

Last sold for AED 5,000,000 in 2024

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22 Aug 2024SoldReady
AED 5,000,000AED 1,562 per sqft
1 Feb 2024RentedRenewal
AED 230,000/yr12 months · AED 72 per sqft
1 Feb 2023RentedNew contract
AED 230,000/yr12 months · AED 72 per sqft
1 Dec 2021RentedRenewal
AED 135,000/yr12 months · AED 42 per sqft
1 Dec 2020RentedRenewal
AED 135,000/yr12 months · AED 42 per sqft
1 Dec 2019RentedRenewal
AED 145,000/yr12 months · AED 45 per sqft
1 Dec 2018RentedNew contract
AED 145,000/yr12 months · AED 45 per sqft
10 Aug 2018RentedRenewal
AED 150,000/yr12 months · AED 47 per sqft

Source: Dubai Land Department. Updated 22 August 2024.

Key facts

Type
4-bed villa
Size
3,200 sqft
Developer
DAMAC
Completed
2014
Last sold
AED 5M · August 2024
Community
Queens Meadow

About L024B, Queens Meadow

L024B is a four-bedroom villa of 3,200 sqft in Queens Meadow, a villa community in Damac Hills completed in 2014 by DAMAC. It last sold on 22 August 2024 for AED 5,000,000, or AED 1,562 per sqft, 8% above the AED 1,445 four-beds in the community were fetching at the time.

It has been rented continuously since 2017 on 8 Ejari contracts. The current contract, renewed on 1 February 2024, is AED 230,000 a year: a gross yield of 4.6% on the 2024 price.

Sales and rents for L024B over time

Sales
Villa L024B, each saleTypical four-bed in Queens Meadow
2M4M2013201720212025Typical sale price by year: 2013 AED 3,167,000; 2014 AED 3,436,325; 2015 AED 3,461,148; 2018 AED 2,600,000; 2020 AED 2,150,000; 2022 AED 3,450,000; 2023 AED 3,850,000; 2024 AED 4,999,999; 2025 AED 4,999,000Sold by developer, December 2013: AED 3,420,900 (AED 1,069 per sqft)Sold, August 2024: AED 5,000,000 (AED 1,562 per sqft)

L024B has sold twice; the dashed line is the four-bed median of each year in the community.

Rents
Villa L024B, each contractTypical four-bed in Queens Meadow
200K2017202020232026Typical rent by year: 2017 AED 160,000; 2018 AED 152,748; 2019 AED 150,000; 2020 AED 140,000; 2021 AED 146,000; 2022 AED 164,250; 2023 AED 210,000; 2024 AED 172,863; 2025 AED 270,000New contract, August 2017: AED 160,000 a yearRenewal, August 2018: AED 150,000 a yearNew contract, December 2018: AED 145,000 a yearRenewal, December 2019: AED 145,000 a yearRenewal, December 2020: AED 135,000 a yearRenewal, December 2021: AED 135,000 a yearNew contract, February 2023: AED 230,000 a yearRenewal, February 2024: AED 230,000 a year

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

4-beds in Queens Meadow, and where L024B sits

All 37 4-beds →

L024B last sold in August 2024 at AED 1,562 per sqft, 8% above what four-beds in Queens Meadow were fetching at the time (AED 1,445). Over the last 12 months four-beds sold for AED 5,200,000, around AED 1,625 per sqft.

Recent 4-bed salesVilla no.Price (AED)Summary
3 Feb 20265,200,000
10 Jul 20256,000,000
8 Jul 20253,400,000
28 Apr 20254,999,000
1 4-bed sale in the last 12 months

Queens Meadow

Community

126 villas, 3-bed to 6-bed in Damac Hills, completed in 2014 by DAMAC. 2 sold in the last 12 months.

Typical price per sqft
AED 1,863
Typical sale
AED 5.5M
Typical rent
Few contracts
Typical yield
Queens Meadow, Damac Hills: prices, sales and rents →

L024B, Queens Meadow in numbers

  • Sold twice: first on 23 December 2013 for AED 3,420,900, last on 22 August 2024 for AED 5,000,000 (AED 1,562 per sqft).
  • Rented since August 2017 on 8 Ejari contracts. The rent fell from AED 160,000 to AED 135,000 in 2021 and recovered to AED 230,000 by February 2024.
  • At AED 230,000 a year the gross yield on the 2024 price is 4.6%.
  • Four-beds in Queens Meadow sold for AED 5,200,000–5,200,000 in the 12 months to November 2026; the community's median across all types is AED 1,863 per sqft.

Source: Dubai Land Department. Updated 22 August 2024.

Questions about L024B, Queens Meadow

What did villa L024B last sell for?

AED 5,000,000 on 22 August 2024: AED 1,562 per sqft for 3,200 sqft. The villa has 2 registered sales; the first was AED 3,420,900 in December 2013.

What is the rent for villa L024B?

AED 230,000 a year on the contract renewed on 1 February 2024. The previous contract, from February 2023, was AED 230,000; the villa has been rented since August 2017.

How big is villa L024B?

3,200 sqft (297.3 sqm): a four-bedroom villa in Queens Meadow, completed in 2014.

What is villa L024B worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Four-beds in Queens Meadow sold for AED 5,200,000 to 5,200,000 in the last 12 months, around AED 1,625 per sqft.

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Mortgage on L024B, Queens Meadow

Starts from the last sale price (AED 5M, 22 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 5,000,000
Deposit, UAE resident (20%)
AED 1,000,000
Deposit, non-resident (40%)
AED 2,000,000
Monthly over 25 years at 3.7%
AED 20,457

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