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

V006, Millennium Estates

Sold prices and rental history: sold once, by the developer in April 2020, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V006 · DLD and Ejari recordsUpdated 10 August 2024
Last soldAED 7.45M1 April 2020
Current rentAED 500K /yr10 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V006, Millennium Estates

What is V006 worth today?

Last sold for AED 7,447,000 in 2020

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10 Aug 2024RentedRenewal
AED 500,000/yr12 months · AED 66 per sqft
10 Aug 2022RentedRenewal
AED 285,000/yr24 months · AED 37 per sqft
10 Aug 2021RentedRenewal
AED 230,000/yr12 months · AED 30 per sqft
10 Aug 2020RentedNew contract
AED 230,000/yr12 months · AED 30 per sqft
1 Apr 2020Sold by developerReady
AED 7,447,000AED 977 per sqft

Source: Dubai Land Department. Updated 10 August 2024.

Key facts

Type
5-bed villa
Size
7,616 sqft
Developer
G & Co Real Estate Development
Completed
2015
Last sold
AED 7.45M · April 2020
Community
Millennium Estates

About V006, Millennium Estates

V006 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 1 April 2020 for AED 7,447,000, or AED 977 per sqft, 13% above the AED 868 five-beds in the community were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 10 August 2024, is AED 500,000 a year: a gross yield of 6.7% on the 2020 price.

Sales and rents for V006 over time

Sales
Villa V006, 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, April 2020: AED 7,447,000 (AED 977 per sqft)

V006 has sold once; the dashed line is the five-bed median of each year in the community.

Rents
Villa V006, each contractTypical five-bed in Millennium Estates
200K400K600K2016201920222025Typical 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, August 2020: AED 230,000 a yearRenewal, August 2021: AED 230,000 a yearRenewal, August 2022: AED 285,000 a yearRenewal, August 2024: AED 500,000 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 V006 sits

All 198 5-beds →

V006 last sold in April 2020 at AED 977 per sqft, 13% above what five-beds in Millennium Estates were fetching at the time (AED 868). 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. V006's AED 500,000 is in the lower half 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 →

V006, Millennium Estates in numbers

  • Sold once: by G & Co Real Estate Development on 1 April 2020 for AED 7,447,000, or AED 977 per sqft.
  • Rented since August 2020 on 4 Ejari contracts, from AED 230,000 to AED 500,000 a year.
  • At AED 500,000 a year the gross yield on the 2020 price is 6.7%.
  • 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 10 August 2024.

Questions about V006, Millennium Estates

What did villa V006 last sell for?

AED 7,447,000 on 1 April 2020, sold by the developer: AED 977 per sqft for 7,616 sqft. It is the only registered sale of the villa.

What is the rent for villa V006?

AED 500,000 a year on the contract renewed on 10 August 2024. The previous contract, from August 2022, was AED 285,000; the villa has been rented since August 2020.

How big is villa V006?

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

What is villa V006 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 V006, Millennium Estates

Starts from the last sale price (AED 7.45M, 1 April 2020). Switch to today's estimate once you have unlocked it.
Price
AED 7,447,000
Deposit, UAE resident (20%)
AED 1,489,400
Deposit, non-resident (40%)
AED 2,978,800
Monthly over 25 years at 3.7%
AED 30,468

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