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

V038, Millennium Estates

Sold prices and rental history: sold 4 times, last in June 2022, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V038 · DLD and Ejari recordsUpdated 22 June 2022
Last soldAED 6.25M22 June 2022
Current rentAED 200K /yr15 November 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V038, Millennium Estates

What is V038 worth today?

Last sold for AED 6,250,000 in 2022

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22 Jun 2022SoldReady
AED 6,250,000AED 1,091 per sqft
8 Aug 2021SoldReady
AED 6,000,000AED 1,047 per sqft
15 Nov 2019RentedRenewal
AED 200,000/yr12 months · AED 35 per sqft
15 Nov 2018RentedRenewal
AED 250,000/yr12 months · AED 44 per sqft
15 Nov 2017RentedNew contract
AED 250,000/yr12 months · AED 44 per sqft
15 Jun 2015SoldOff-plan
AED 6,314,560AED 1,102 per sqft
11 May 2015Sold by developerOff-plan
AED 5,821,415AED 1,016 per sqft

Source: Dubai Land Department. Updated 22 June 2022.

Key facts

Type
5-bed villa
Size
5,725 sqft
Developer
G & Co Real Estate Development
Completed
2015
Last sold
AED 6.25M · June 2022
Community
Millennium Estates

About V038, Millennium Estates

V038 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 22 June 2022 for AED 6,250,000, or AED 1,091 per sqft, 4% below the AED 1,135 five-beds in the community were fetching at the time.

It has been rented since 2017 on 3 Ejari contracts. The current contract, renewed on 15 November 2019, is AED 200,000 a year: a gross yield of 3.2% on the 2022 price.

Sales and rents for V038 over time

Sales
Villa V038, 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 5,821,415 (AED 1,016 per sqft)Sold, June 2015: AED 6,314,560 (AED 1,102 per sqft)Sold, August 2021: AED 6,000,000 (AED 1,047 per sqft)Sold, June 2022: AED 6,250,000 (AED 1,091 per sqft)

V038 has sold 4 times; the dashed line is the five-bed median of each year in the community.

Rents
Villa V038, 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, November 2017: AED 250,000 a yearRenewal, November 2018: AED 250,000 a yearRenewal, November 2019: AED 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 V038 sits

All 198 5-beds →

V038 last sold in June 2022 at AED 1,091 per sqft, 4% below what five-beds in Millennium Estates were fetching at the time (AED 1,135). 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. V038's AED 200,000 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 →

V038, Millennium Estates in numbers

  • Sold 4 times: first on 11 May 2015 for AED 5,821,415, last on 22 June 2022 for AED 6,250,000 (AED 1,091 per sqft).
  • Rented since November 2017 on 3 Ejari contracts, from AED 250,000 to AED 200,000 a year.
  • At AED 200,000 a year the gross yield on the 2022 price is 3.2%.
  • 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 22 June 2022.

Questions about V038, Millennium Estates

What did villa V038 last sell for?

AED 6,250,000 on 22 June 2022: AED 1,091 per sqft for 5,725 sqft. The villa has 4 registered sales; the first was AED 5,821,415 in May 2015.

What is the rent for villa V038?

AED 200,000 a year on the contract renewed on 15 November 2019. The previous contract, from November 2018, was AED 250,000; the villa has been rented since November 2017.

How big is villa V038?

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

What is villa V038 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 V038, Millennium Estates

Starts from the last sale price (AED 6.25M, 22 June 2022). Switch to today's estimate once you have unlocked it.
Price
AED 6,250,000
Deposit, UAE resident (20%)
AED 1,250,000
Deposit, non-resident (40%)
AED 2,500,000
Monthly over 25 years at 3.7%
AED 25,571

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