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4-bed · 3,512 sqftPalace Estates, Jumeirah Village Circle (JVC) · completed 2017

V08, Palace Estates

Sold prices and rental history: sold once, by the developer in March 2019, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V08 · DLD and Ejari recordsUpdated 6 March 2023
Last soldAED 1M6 March 2019
Current rentAED 155K /yr6 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for V08, Palace Estates

What is V08 worth today?

Last sold for AED 1,000,000 in 2019

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6 Mar 2023RentedNew contract
AED 155,000/yr12 months · AED 44 per sqft
27 Jul 2019RentedNew contract
AED 100,000/yr13 months · AED 28 per sqft
6 Mar 2019Sold by developerReady
AED 1,000,000AED 284 per sqft
25 Apr 2018RentedNew contract
AED 145,000/yr12 months · AED 41 per sqft
25 Apr 2017RentedNew contract
AED 145,000/yr12 months · AED 41 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 6 March 2023.

Key facts

Type
4-bed villa
Size
3,512 sqft
Developer
Imtiaz Real Estate Investment & Development
Completed
2017
Service charge
AED 6,700 /yr
Last sold
AED 1M · March 2019
Community
Palace Estates

About V08, Palace Estates

V08 is a four-bedroom villa of 3,512 sqft in Palace Estates, a villa community in Jumeirah Village Circle (JVC) completed in 2017 by Imtiaz Real Estate Investment & Development. The developer sold it on 6 March 2019 for AED 1,000,000, or AED 284 per sqft, in line with the AED 288 four-beds in the community were fetching at the time.

It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, signed on 6 March 2023, is AED 155,000 a year: a gross yield of 15.5% on the 2019 price, before the service charge of about AED 6,700 a year.

Sales and rents for V08 over time

Sales
Villa V08, each saleTypical four-bed in Palace Estates
1M2M2017201820192020Typical sale price by year: 2017 AED 2,250,000; 2019 AED 1,000,000Sold by developer, March 2019: AED 1,000,000 (AED 284 per sqft)

V08 has sold once; the dashed line is the four-bed median of each year in the community.

Rents
Villa V08, 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, April 2017: AED 145,000 a yearNew contract, April 2018: AED 145,000 a yearNew contract, July 2019: AED 100,000 a yearNew contract, March 2023: AED 155,000 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 V08 sits

All 13 4-beds →

V08 last sold in March 2019 at AED 284 per sqft, in line with what four-beds in Palace Estates were fetching at the time (AED 288). 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. V08's AED 155,000 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 →

V08, Palace Estates in numbers

  • Sold once: by Imtiaz Real Estate Investment & Development on 6 March 2019 for AED 1,000,000, or AED 284 per sqft.
  • Rented since April 2017 on 4 Ejari contracts. The rent fell from AED 145,000 to AED 100,000 in 2019 and recovered to AED 155,000 by March 2023.
  • At AED 155,000 a year the gross yield on the 2019 price is 15.5%, before a service charge of about AED 6,700 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 6 March 2023.

Questions about V08, Palace Estates

What did villa V08 last sell for?

AED 1,000,000 on 6 March 2019, sold by the developer: AED 284 per sqft for 3,512 sqft. It is the only registered sale of the villa.

What is the rent for villa V08?

AED 155,000 a year on the contract signed on 6 March 2023. The previous contract, from July 2019, was AED 100,000; the villa has been rented since April 2017.

How big is villa V08?

3,512 sqft (326.3 sqm): a four-bedroom villa in Palace Estates, completed in 2017.

What is villa V08 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 V08, Palace Estates

Starts from the last sale price (AED 1M, 6 March 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,000,000
Deposit, UAE resident (20%)
AED 200,000
Deposit, non-resident (40%)
AED 400,000
Monthly over 25 years at 3.7%
AED 4,091

Plus AED 47,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →