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

V056, Millennium Estates

Sold prices and rental history: sold 3 times, last in December 2022, and rented once, from February 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V056 · DLD and Ejari recordsUpdated 2 February 2023
Last soldAED 9.25M15 December 2022
Current rentAED 200K /yr2 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for V056, Millennium Estates

What is V056 worth today?

Last sold for AED 9,250,000 in 2022

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2 Feb 2023RentedNew contract
AED 200,000/yr36 months · AED 35 per sqft
15 Dec 2022SoldReady
AED 9,250,000AED 1,615 per sqft
17 Mar 2015SoldOff-plan
AED 7,113,613AED 1,242 per sqft
22 Feb 2015Sold by developerOff-plan
AED 6,526,250AED 1,139 per sqft

Source: Dubai Land Department. Updated 2 February 2023.

Key facts

Type
5-bed villa
Size
5,725 sqft
Developer
G & Co Real Estate Development
Completed
2015
Last sold
AED 9.25M · December 2022

About V056, Millennium Estates

V056 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 15 December 2022 for AED 9,250,000, or AED 1,615 per sqft, 33% above the AED 1,215 five-beds in the community were fetching at the time.

One Ejari contract is registered, from 2 February 2023. The current contract, signed on 2 February 2023, is AED 200,000 a year: a gross yield of 2.2% on the 2022 price.

Sales and rents for V056 over time

Sales
Villa V056, 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, February 2015: AED 6,526,250 (AED 1,139 per sqft)Sold, March 2015: AED 7,113,613 (AED 1,242 per sqft)Sold, December 2022: AED 9,250,000 (AED 1,615 per sqft)

V056 has sold 3 times; the dashed line is the five-bed median of each year in the community.

Rents
Villa V056, 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, February 2023: 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 V056 sits

All 198 5-beds →

V056 last sold in December 2022 at AED 1,615 per sqft, 33% above what five-beds in Millennium Estates were fetching at the time (AED 1,215). 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. V056'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 →

V056, Millennium Estates in numbers

  • Sold 3 times: first on 22 February 2015 for AED 6,526,250, last on 15 December 2022 for AED 9,250,000 (AED 1,615 per sqft).
  • Rented since February 2023 on one Ejari contract, at AED 200,000 a year.
  • At AED 200,000 a year the gross yield on the 2022 price is 2.2%.
  • 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 2 February 2023.

Questions about V056, Millennium Estates

What did villa V056 last sell for?

AED 9,250,000 on 15 December 2022: AED 1,615 per sqft for 5,725 sqft. The villa has 3 registered sales; the first was AED 6,526,250 in February 2015.

What is the rent for villa V056?

AED 200,000 a year on the contract signed on 2 February 2023.

How big is villa V056?

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

What is villa V056 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 V056, Millennium Estates

Starts from the last sale price (AED 9.25M, 15 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 9,250,000
Deposit, UAE resident (20%)
AED 1,850,000
Deposit, non-resident (40%)
AED 3,700,000
Monthly over 25 years at 3.7%
AED 37,845

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