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3-bed · 2,761 sqftQueens Meadow, Damac Hills · completed 2014

L056B, Queens Meadow

Sold prices and rental history: sold twice, last in May 2023, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa L056B · DLD and Ejari recordsUpdated 1 August 2023
Last soldAED 3M26 May 2023
Current rentAED 116K /yr1 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for L056B, Queens Meadow

What is L056B worth today?

Last sold for AED 3,000,000 in 2023

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1 Aug 2023RentedNew contract
AED 115,500/yr12 months · AED 42 per sqft
26 May 2023SoldReady
AED 3,000,000AED 1,086 per sqft
1 Aug 2022RentedNew contract
AED 115,500/yr12 months · AED 42 per sqft
1 Aug 2021RentedRenewal
AED 110,000/yr12 months · AED 40 per sqft
1 Aug 2020RentedRenewal
AED 100,000/yr12 months · AED 36 per sqft
1 Aug 2019RentedNew contract
AED 120,000/yr12 months · AED 43 per sqft
1 Aug 2018RentedRenewal
AED 140,000/yr12 months · AED 51 per sqft
1 Aug 2017RentedNew contract
AED 150,000/yr12 months · AED 54 per sqft

Source: Dubai Land Department. Updated 1 August 2023.

Key facts

Type
3-bed villa
Size
2,761 sqft
Developer
DAMAC
Completed
2014
Last sold
AED 3M · May 2023
Community
Queens Meadow

About L056B, Queens Meadow

L056B is a three-bedroom villa of 2,761 sqft in Queens Meadow, a villa community in Damac Hills completed in 2014 by DAMAC. It last sold on 26 May 2023 for AED 3,000,000, or AED 1,086 per sqft, in line with the AED 1,100 three-beds in the community were fetching at the time.

It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, signed on 1 August 2023, is AED 115,500 a year: a gross yield of 3.9% on the 2023 price.

Sales and rents for L056B over time

Sales
Villa L056B, each saleTypical three-bed in Queens Meadow
2M4M2013201720212025Typical sale price by year: 2013 AED 2,314,550; 2014 AED 2,642,450; 2015 AED 2,532,600; 2016 AED 2,178,400; 2017 AED 2,600,000; 2020 AED 1,850,000; 2021 AED 2,402,500; 2022 AED 2,900,000; 2023 AED 3,325,000; 2024 AED 4,150,000; 2025 AED 4,900,000Sold by developer, November 2013: AED 2,450,700 (AED 887 per sqft)Sold, May 2023: AED 3,000,000 (AED 1,086 per sqft)

L056B has sold twice; the dashed line is the three-bed median of each year in the community.

Rents
Villa L056B, each contractTypical three-bed in Queens Meadow
100K200K2017202020232026Typical rent by year: 2017 AED 146,000; 2018 AED 144,000; 2019 AED 130,000; 2020 AED 120,000; 2021 AED 130,000; 2022 AED 132,500; 2023 AED 177,750; 2024 AED 200,000; 2025 AED 235,000New contract, August 2017: AED 150,000 a yearRenewal, August 2018: AED 140,000 a yearNew contract, August 2019: AED 120,000 a yearRenewal, August 2020: AED 100,000 a yearRenewal, August 2021: AED 110,000 a yearNew contract, August 2022: AED 115,500 a yearNew contract, August 2023: AED 115,500 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 Queens Meadow, and where L056B sits

All 53 3-beds →

L056B last sold in May 2023 at AED 1,086 per sqft, in line with what three-beds in Queens Meadow were fetching at the time (AED 1,100). Over the last 12 months three-beds sold for AED 5,800,000, around AED 2,100 per sqft.

Recent 3-bed salesVilla no.Price (AED)Summary
10 Feb 20265,800,000
14 Aug 20254,900,000
11 Aug 20256,050,000
20 Mar 20254,450,000
1 3-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 →

L056B, Queens Meadow in numbers

  • Sold twice: first on 6 November 2013 for AED 2,450,700, last on 26 May 2023 for AED 3,000,000 (AED 1,086 per sqft).
  • Rented since August 2017 on 7 Ejari contracts. The rent fell from AED 150,000 to AED 100,000 in 2020 and recovered to AED 115,500 by August 2023.
  • At AED 115,500 a year the gross yield on the 2023 price is 3.9%.
  • Three-beds in Queens Meadow sold for AED 5,800,000–5,800,000 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 1 August 2023.

Questions about L056B, Queens Meadow

What did villa L056B last sell for?

AED 3,000,000 on 26 May 2023: AED 1,086 per sqft for 2,761 sqft. The villa has 2 registered sales; the first was AED 2,450,700 in November 2013.

What is the rent for villa L056B?

AED 115,500 a year on the contract signed on 1 August 2023. The previous contract, from August 2022, was AED 115,500; the villa has been rented since August 2017.

How big is villa L056B?

2,761 sqft (256.5 sqm): a three-bedroom villa in Queens Meadow, completed in 2014.

What is villa L056B worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Queens Meadow sold for AED 5,800,000 to 5,800,000 in the last 12 months, around AED 2,100 per sqft.

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Mortgage on L056B, Queens Meadow

Starts from the last sale price (AED 3M, 26 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,000,000
Deposit, UAE resident (20%)
AED 600,000
Deposit, non-resident (40%)
AED 1,200,000
Monthly over 25 years at 3.7%
AED 12,274

Plus AED 131,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →