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4-bed · 3,462 sqftPalace Estates, Jumeirah Village Circle (JVC) · completed 2017

V05, Palace Estates

Sold prices and rental history: sold twice, last in July 2018, and rented once, from June 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V05 · DLD and Ejari recordsUpdated 25 July 2018
Last soldAED 2M25 July 2018
Current rentAED 150K /yr1 June 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for V05, Palace Estates

What is V05 worth today?

Last sold for AED 2,000,000 in 2018

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25 Jul 2018SoldReady
AED 2,000,000AED 577 per sqft
1 Feb 2018Sold by developerReady
AED 2,100,000AED 606 per sqft
1 Jun 2017RentedNew contract
AED 150,000/yr12 months · AED 43 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 25 July 2018.

Key facts

Type
4-bed villa
Size
3,462 sqft
Developer
Imtiaz Real Estate Investment & Development
Completed
2017
Service charge
AED 6,600 /yr
Last sold
AED 2M · July 2018
Community
Palace Estates

About V05, Palace Estates

V05 is a four-bedroom villa of 3,462 sqft in Palace Estates, a villa community in Jumeirah Village Circle (JVC) completed in 2017 by Imtiaz Real Estate Investment & Development. It last sold on 25 July 2018 for AED 2,000,000, or AED 577 per sqft, in line with the AED 577 four-beds in the community were fetching at the time.

One Ejari contract is registered, from 1 June 2017. The current contract, signed on 1 June 2017, is AED 150,000 a year: a gross yield of 7.5% on the 2018 price, before the service charge of about AED 6,600 a year.

Sales and rents for V05 over time

Sales
Villa V05, each saleTypical four-bed in Palace Estates
1M2M2017201820192020Typical sale price by year: 2017 AED 2,250,000; 2019 AED 1,000,000Sold by developer, February 2018: AED 2,100,000 (AED 606 per sqft)Sold, July 2018: AED 2,000,000 (AED 577 per sqft)

V05 has sold twice; the dashed line is the four-bed median of each year in the community.

Rents
Villa V05, each contractTypical four-bed in Palace Estates
100K150K200K2017202020232026Typical rent by year: 2017 AED 140,000; 2018 AED 140,000; 2019 AED 110,000; 2020 AED 97,500; 2021 AED 115,000; 2022 AED 130,000; 2023 AED 155,000; 2024 AED 175,000; 2025 AED 185,000New contract, June 2017: AED 150,000 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 Palace Estates, and where V05 sits

All 13 4-beds →

V05 last sold in July 2018 at AED 577 per sqft, in line with what four-beds in Palace Estates were fetching at the time (AED 577). Over the last 12 months four-beds sold for AED 2,900,000, around AED 837 per sqft, and rent for AED 190,000 to 220,000 a year. V05's AED 150,000 is at the bottom of that range.

Recent 4-bed salesVilla no.Price (AED)Summary
15 Jan 20262,900,000
19 Oct 20232,400,000
6 Mar 20191,000,000
6 Mar 20191,000,000
1 4-bed sale in the last 12 months

Palace Estates

Community

13 villas, 4-bed in Jumeirah Village Circle (JVC), completed in 2017 by Imtiaz Real Estate Investment & Development. 1 sold in the last 12 months.

Typical price per sqft
AED 837
Typical sale
AED 2.9M
Typical rent
AED 192K /yr
Typical yield
6.6%
Palace Estates, Jumeirah Village Circle (JVC): prices, sales and rents →

V05, Palace Estates in numbers

  • Sold twice: first on 1 February 2018 for AED 2,100,000, last on 25 July 2018 for AED 2,000,000 (AED 577 per sqft).
  • Rented since June 2017 on one Ejari contract, at AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2018 price is 7.5%, before a service charge of about AED 6,600 a year (AED 1.91 per sqft).
  • Four-beds in Palace Estates sold for AED 2,900,000–2,900,000 in the 12 months to November 2026; the community's median across all types is AED 837 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 25 July 2018.

Questions about V05, Palace Estates

What did villa V05 last sell for?

AED 2,000,000 on 25 July 2018: AED 577 per sqft for 3,462 sqft. The villa has 2 registered sales; the first was AED 2,100,000 in February 2018.

What is the rent for villa V05?

AED 150,000 a year on the contract signed on 1 June 2017.

How big is villa V05?

3,462 sqft (321.6 sqm): a four-bedroom villa in Palace Estates, completed in 2017.

What is villa V05 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Four-beds in Palace Estates sold for AED 2,900,000 to 2,900,000 in the last 12 months, around AED 837 per sqft.

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Mortgage on V05, Palace Estates

Starts from the last sale price (AED 2M, 25 July 2018). Switch to today's estimate once you have unlocked it.
Price
AED 2,000,000
Deposit, UAE resident (20%)
AED 400,000
Deposit, non-resident (40%)
AED 800,000
Monthly over 25 years at 3.7%
AED 8,183

Plus AED 89,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →