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

V051, Millennium Estates

Sold prices and rental history: sold twice, last in November 2022, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V051 · DLD and Ejari recordsUpdated 18 November 2022
Last soldAED 9.1M18 November 2022
Current rentAED 300K /yr1 February 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V051, Millennium Estates

What is V051 worth today?

Last sold for AED 9,100,000 in 2022

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18 Nov 2022SoldReady
AED 9,100,000AED 1,194 per sqft
1 Feb 2019RentedRenewal
AED 300,000/yr12 months · AED 39 per sqft
1 Feb 2018RentedRenewal
AED 325,000/yr12 months · AED 43 per sqft
11 May 2015Sold by developerOff-plan
AED 7,979,195AED 1,047 per sqft

Source: Dubai Land Department. Updated 18 November 2022.

Key facts

Type
5-bed villa
Size
7,616 sqft
Developer
G & Co Real Estate Development
Completed
2015
Last sold
AED 9.1M · November 2022
Community
Millennium Estates

About V051, Millennium Estates

V051 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 18 November 2022 for AED 9,100,000, or AED 1,194 per sqft, in line with the AED 1,194 five-beds in the community were fetching at the time.

It has been rented since 2018 on 2 Ejari contracts. The current contract, renewed on 1 February 2019, is AED 300,000 a year: a gross yield of 3.3% on the 2022 price.

Sales and rents for V051 over time

Sales
Villa V051, 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 7,979,195 (AED 1,047 per sqft)Sold, November 2022: AED 9,100,000 (AED 1,194 per sqft)

V051 has sold twice; the dashed line is the five-bed median of each year in the community.

Rents
Villa V051, 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 2018: AED 325,000 a yearRenewal, February 2019: AED 300,000 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 V051 sits

All 198 5-beds →

V051 last sold in November 2022 at AED 1,194 per sqft, in line with what five-beds in Millennium Estates were fetching at the time (AED 1,194). 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. V051's AED 300,000 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 →

V051, Millennium Estates in numbers

  • Sold twice: first on 11 May 2015 for AED 7,979,195, last on 18 November 2022 for AED 9,100,000 (AED 1,194 per sqft).
  • Rented since February 2018 on 2 Ejari contracts, from AED 325,000 to AED 300,000 a year.
  • At AED 300,000 a year the gross yield on the 2022 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 18 November 2022.

Questions about V051, Millennium Estates

What did villa V051 last sell for?

AED 9,100,000 on 18 November 2022: AED 1,194 per sqft for 7,616 sqft. The villa has 2 registered sales; the first was AED 7,979,195 in May 2015.

What is the rent for villa V051?

AED 300,000 a year on the contract renewed on 1 February 2019. The previous contract, from February 2018, was AED 325,000.

How big is villa V051?

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

What is villa V051 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 V051, Millennium Estates

Starts from the last sale price (AED 9.1M, 18 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 9,100,000
Deposit, UAE resident (20%)
AED 1,820,000
Deposit, non-resident (40%)
AED 3,640,000
Monthly over 25 years at 3.7%
AED 37,231

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