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5-bed · 5,725 sqftMillennium Estates, Meydan City · completed 2015

V022, Millennium Estates

Sold prices and rental history: sold twice, last in March 2016, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V022 · DLD and Ejari recordsUpdated 1 May 2024
Last soldAED 5.56M9 March 2016
Current rentAED 275K /yr1 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V022, Millennium Estates

What is V022 worth today?

Last sold for AED 5,560,365 in 2016

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1 May 2024RentedRenewal
AED 275,000/yr12 months · AED 48 per sqft
1 Apr 2022RentedRenewal
AED 240,000/yr13 months · AED 42 per sqft
1 Mar 2021RentedRenewal
AED 220,000/yr13 months · AED 38 per sqft
29 Jan 2020RentedRenewal
AED 220,000/yr13 months · AED 38 per sqft
29 Dec 2018RentedNew contract
AED 220,000/yr13 months · AED 38 per sqft
1 Oct 2017RentedNew contract
AED 230,000/yr12 months · AED 40 per sqft
9 Mar 2016SoldOff-plan
AED 5,560,365AED 971 per sqft
11 May 2015Sold by developerOff-plan
AED 5,560,365AED 971 per sqft

Source: Dubai Land Department. Updated 1 May 2024.

Key facts

Type
5-bed villa
Size
5,725 sqft
Developer
G & Co Real Estate Development
Completed
2015
Last sold
AED 5.56M · March 2016
Community
Millennium Estates

About V022, Millennium Estates

V022 is a five-bedroom villa of 5,725 sqft in Millennium Estates, a villa community in Meydan City completed in 2015 by G & Co Real Estate Development. It last sold on 9 March 2016 for AED 5,560,365, or AED 971 per sqft, 5% below the AED 1,019 five-beds in the community were fetching at the time.

It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, renewed on 1 May 2024, is AED 275,000 a year: a gross yield of 5.0% on the 2016 price.

Sales and rents for V022 over time

Sales
Villa V022, 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, May 2015: AED 5,560,365 (AED 971 per sqft)Sold, March 2016: AED 5,560,365 (AED 971 per sqft)

V022 has sold twice; the dashed line is the five-bed median of each year in the community.

Rents
Villa V022, each contractTypical five-bed in Millennium Estates
250K500K750K2016201920222025Typical 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, October 2017: AED 230,000 a yearNew contract, December 2018: AED 220,000 a yearRenewal, January 2020: AED 220,000 a yearRenewal, March 2021: AED 220,000 a yearRenewal, April 2022: AED 240,000 a yearRenewal, May 2024: AED 275,000 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 V022 sits

All 198 5-beds →

V022 last sold in March 2016 at AED 971 per sqft, 5% below what five-beds in Millennium Estates were fetching at the time (AED 1,019). 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. V022's AED 275,000 is at the bottom 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 →

V022, Millennium Estates in numbers

  • Sold twice: first on 11 May 2015 for AED 5,560,365, last on 9 March 2016 for AED 5,560,365 (AED 971 per sqft).
  • Rented since October 2017 on 6 Ejari contracts, from AED 230,000 to AED 275,000 a year.
  • At AED 275,000 a year the gross yield on the 2016 price is 5.0%.
  • 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 1 May 2024.

Questions about V022, Millennium Estates

What did villa V022 last sell for?

AED 5,560,365 on 9 March 2016: AED 971 per sqft for 5,725 sqft. The villa has 2 registered sales; the first was AED 5,560,365 in May 2015.

What is the rent for villa V022?

AED 275,000 a year on the contract renewed on 1 May 2024. The previous contract, from April 2022, was AED 240,000; the villa has been rented since October 2017.

How big is villa V022?

5,725 sqft (531.9 sqm): a five-bedroom villa in Millennium Estates, completed in 2015.

What is villa V022 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 V022, Millennium Estates

Starts from the last sale price (AED 5.56M, 9 March 2016). Switch to today's estimate once you have unlocked it.
Price
AED 5,560,365
Deposit, UAE resident (20%)
AED 1,112,073
Deposit, non-resident (40%)
AED 2,224,146
Monthly over 25 years at 3.7%
AED 22,749

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