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

V050, Millennium Estates

Sold prices and rental history: sold twice, last in January 2023, and rented once, from February 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V050 · DLD and Ejari recordsUpdated 20 January 2023
Last soldAED 9M20 January 2023
Current rentAED 250K /yr1 February 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for V050, Millennium Estates

What is V050 worth today?

Last sold for AED 9,000,000 in 2023

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20 Jan 2023SoldReady
AED 9,000,000AED 1,181 per sqft
1 Feb 2019RentedRenewal
AED 250,000/yr12 months · AED 33 per sqft
11 May 2015Sold by developerOff-plan
AED 7,797,195AED 1,023 per sqft

Source: Dubai Land Department. Updated 20 January 2023.

Key facts

Type
5-bed villa
Size
7,616 sqft
Developer
G & Co Real Estate Development
Completed
2015
Last sold
AED 9M · January 2023

About V050, Millennium Estates

V050 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 20 January 2023 for AED 9,000,000, or AED 1,181 per sqft, in line with the AED 1,205 five-beds in the community were fetching at the time.

One Ejari contract is registered, from 1 February 2019. The current contract, renewed on 1 February 2019, is AED 250,000 a year: a gross yield of 2.8% on the 2023 price.

Sales and rents for V050 over time

Sales
Villa V050, 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, January 2023: AED 9,000,000 (AED 1,181 per sqft)

V050 has sold twice; the dashed line is the five-bed median of each year in the community.

Rents
Villa V050, 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 660,000Renewal, February 2019: AED 250,000 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 V050 sits

All 198 5-beds →

V050 last sold in January 2023 at AED 1,181 per sqft, in line with what five-beds in Millennium Estates were fetching at the time (AED 1,205). 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. V050's AED 250,000 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 →

V050, Millennium Estates in numbers

  • Sold twice: first on 11 May 2015 for AED 7,797,195, last on 20 January 2023 for AED 9,000,000 (AED 1,181 per sqft).
  • Rented since February 2019 on one Ejari contract, at AED 250,000 a year.
  • At AED 250,000 a year the gross yield on the 2023 price is 2.8%.
  • 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 20 January 2023.

Questions about V050, Millennium Estates

What did villa V050 last sell for?

AED 9,000,000 on 20 January 2023: AED 1,181 per sqft for 7,616 sqft. The villa has 2 registered sales; the first was AED 7,797,195 in May 2015.

What is the rent for villa V050?

AED 250,000 a year on the contract renewed on 1 February 2019.

How big is villa V050?

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

What is villa V050 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 V050, Millennium Estates

Starts from the last sale price (AED 9M, 20 January 2023). Switch to today's estimate once you have unlocked it.
Price
AED 9,000,000
Deposit, UAE resident (20%)
AED 1,800,000
Deposit, non-resident (40%)
AED 3,600,000
Monthly over 25 years at 3.7%
AED 36,822

Plus AED 383,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →