5-bed · 7,616 sqftMillennium Estates, Meydan City · completed 2015

V002, Millennium Estates

Sold prices and rental history: sold once, by the developer in March 2015, and rented once, from January 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V002 · DLD and Ejari recordsUpdated 27 January 2023
Last soldAED 7.65M5 March 2015
Current rentAED 1.2M /yr27 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for V002, Millennium Estates

What is V002 worth today?

Last sold for AED 7,647,545 in 2015

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27 Jan 2023RentedNew contract
AED 1,200,000/yr12 months · AED 158 per sqft
5 Mar 2015Sold by developerOff-plan
AED 7,647,545AED 1,004 per sqft

Source: Dubai Land Department. Updated 27 January 2023.

Key facts

Type
5-bed villa
Size
7,616 sqft
Developer
G & Co Real Estate Development
Completed
2015
Last sold
AED 7.65M · March 2015

About V002, Millennium Estates

V002 is a five-bedroom villa of 7,616 sqft in Millennium Estates, a villa community in Meydan City completed in 2015 by G & Co Real Estate Development. The developer sold it on 5 March 2015 for AED 7,647,545, or AED 1,004 per sqft, in line with the AED 1,016 five-beds in the community were fetching at the time.

One Ejari contract is registered, from 27 January 2023. The current contract, signed on 27 January 2023, is AED 1,200,000 a year: a gross yield of 15.7% on the 2015 price.

Sales and rents for V002 over time

Sales
Villa V002, each saleTypical five-bed in Millennium Estates
10M20M20142017202020232026Typical sale price by year: 2014 AED 7,850,115; 2015 AED 8,050,118; 2016 AED 7,447,545; 2017 AED 7,323,773; 2018 AED 7,000,000; 2019 AED 6,350,000; 2020 AED 6,300,000; 2021 AED 6,850,000; 2022 AED 9,100,000; 2023 AED 12,375,000; 2024 AED 13,900,000; 2025 AED 18,500,000Sold by developer, March 2015: AED 7,647,545 (AED 1,004 per sqft)

V002 has sold once; the dashed line is the five-bed median of each year in the community.

Rents
Villa V002, each contractTypical five-bed in Millennium Estates
500K1M2016201920222025Typical rent by year: 2016 AED 330,000; 2017 AED 280,000; 2018 AED 272,500; 2019 AED 270,000; 2020 AED 255,000; 2021 AED 281,138; 2022 AED 325,000; 2023 AED 472,727; 2024 AED 570,000; 2025 AED 670,000; 2026 AED 660,000New contract, January 2023: AED 1,200,000 a year

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

5-beds in Millennium Estates, and where V002 sits

All 198 5-beds →

V002 last sold in March 2015 at AED 1,004 per sqft, in line with what five-beds in Millennium Estates were fetching at the time (AED 1,016). Over the last 12 months five-beds sold for AED 15,650,000, around AED 2,054 per sqft, and rent for AED 400,000 to 780,000 a year. V002's AED 1,200,000 is at the top of that range.

Recent 5-bed salesVilla no.Price (AED)Summary
5 Jan 202615,650,000
16 Oct 202526,500,000
8 Jul 202519,000,000
4 Jul 202518,000,000
1 5-bed sale in the last 12 months

Millennium Estates

Community

198 villas, 5-bed in Meydan City, completed in 2015 by G & Co Real Estate Development. 1 sold in the last 12 months.

Typical price per sqft
AED 2,054
Typical sale
AED 15.65M
Typical rent
AED 630K /yr
Typical yield
4.5%
Millennium Estates, Meydan City: prices, sales and rents →

V002, Millennium Estates in numbers

  • Sold once: by G & Co Real Estate Development on 5 March 2015 for AED 7,647,545, or AED 1,004 per sqft.
  • Rented since January 2023 on one Ejari contract, at AED 1,200,000 a year.
  • At AED 1,200,000 a year the gross yield on the 2015 price is 15.7%.
  • Five-beds in Millennium Estates sold for AED 15,650,000–15,650,000 in the 12 months to November 2026; the community's median across all types is AED 2,054 per sqft.

Source: Dubai Land Department. Updated 27 January 2023.

Questions about V002, Millennium Estates

What did villa V002 last sell for?

AED 7,647,545 on 5 March 2015, sold by the developer: AED 1,004 per sqft for 7,616 sqft. It is the only registered sale of the villa.

What is the rent for villa V002?

AED 1,200,000 a year on the contract signed on 27 January 2023.

How big is villa V002?

7,616 sqft (707.6 sqm): a five-bedroom villa in Millennium Estates, completed in 2015.

What is villa V002 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Five-beds in Millennium Estates sold for AED 15,650,000 to 15,650,000 in the last 12 months, around AED 2,054 per sqft.

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Mortgage on V002, Millennium Estates

Starts from the last sale price (AED 7.65M, 5 March 2015). Switch to today's estimate once you have unlocked it.
Price
AED 7,647,545
Deposit, UAE resident (20%)
AED 1,529,509
Deposit, non-resident (40%)
AED 3,059,018
Monthly over 25 years at 3.7%
AED 31,288

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