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

V049, Millennium Estates

Sold prices and rental history: sold 3 times, last in January 2024, and rented once, from November 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V049 · DLD and Ejari recordsUpdated 16 January 2024
Last soldAED 12.2M16 January 2024
Current rentAED 400K /yr1 November 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for V049, Millennium Estates

What is V049 worth today?

Last sold for AED 12,200,000 in 2024

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16 Jan 2024SoldReady
AED 12,200,000AED 1,601 per sqft
1 Nov 2021RentedNew contract
AED 400,000/yr24 months · AED 53 per sqft
21 Aug 2016SoldOff-plan
AED 7,797,195AED 1,023 per sqft
20 May 2015Sold by developerOff-plan
AED 7,797,195AED 1,023 per sqft

Source: Dubai Land Department. Updated 16 January 2024.

Key facts

Type
5-bed villa
Size
7,616 sqft
Developer
G & Co Real Estate Development
Completed
2015
Last sold
AED 12.2M · January 2024

About V049, Millennium Estates

V049 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. It last sold on 16 January 2024 for AED 12,200,000, or AED 1,601 per sqft, in line with the AED 1,612 five-beds in the community were fetching at the time.

One Ejari contract is registered, from 1 November 2021. The current contract, signed on 1 November 2021, is AED 400,000 a year: a gross yield of 3.3% on the 2024 price.

Sales and rents for V049 over time

Sales
Villa V049, 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 7,797,195 (AED 1,023 per sqft)Sold, August 2016: AED 7,797,195 (AED 1,023 per sqft)Sold, January 2024: AED 12,200,000 (AED 1,601 per sqft)

V049 has sold 3 times; the dashed line is the five-bed median of each year in the community.

Rents
Villa V049, 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, November 2021: AED 400,000 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 V049 sits

All 198 5-beds →

V049 last sold in January 2024 at AED 1,601 per sqft, in line with what five-beds in Millennium Estates were fetching at the time (AED 1,612). 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. V049's AED 400,000 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 →

V049, Millennium Estates in numbers

  • Sold 3 times: first on 20 May 2015 for AED 7,797,195, last on 16 January 2024 for AED 12,200,000 (AED 1,601 per sqft).
  • Rented since November 2021 on one Ejari contract, at AED 400,000 a year.
  • At AED 400,000 a year the gross yield on the 2024 price is 3.3%.
  • 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 16 January 2024.

Questions about V049, Millennium Estates

What did villa V049 last sell for?

AED 12,200,000 on 16 January 2024: AED 1,601 per sqft for 7,616 sqft. The villa has 3 registered sales; the first was AED 7,797,195 in May 2015.

What is the rent for villa V049?

AED 400,000 a year on the contract signed on 1 November 2021.

How big is villa V049?

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

What is villa V049 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 V049, Millennium Estates

Starts from the last sale price (AED 12.2M, 16 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 12,200,000
Deposit, UAE resident (20%)
AED 2,440,000
Deposit, non-resident (40%)
AED 4,880,000
Monthly over 25 years at 3.7%
AED 49,914

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