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

V072, Millennium Estates

Sold prices and rental history: sold twice, last in April 2022, and rented once, from November 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V072 · DLD and Ejari recordsUpdated 19 April 2022
Last soldAED 8M19 April 2022
Current rentAED 250K /yr15 November 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for V072, Millennium Estates

What is V072 worth today?

Last sold for AED 8,000,000 in 2022

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19 Apr 2022SoldReady
AED 8,000,000AED 1,050 per sqft
15 Nov 2020RentedNew contract
AED 250,000/yr12 months · AED 33 per sqft
1 Oct 2020Sold by developerReady
AED 7,950,000AED 1,043 per sqft

Source: Dubai Land Department. Updated 19 April 2022.

Key facts

Type
5-bed villa
Size
7,616 sqft
Developer
G & Co Real Estate Development
Completed
2015
Last sold
AED 8M · April 2022

About V072, Millennium Estates

V072 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 19 April 2022 for AED 8,000,000, or AED 1,050 per sqft, 4% below the AED 1,091 five-beds in the community were fetching at the time.

One Ejari contract is registered, from 15 November 2020. The current contract, signed on 15 November 2020, is AED 250,000 a year: a gross yield of 3.1% on the 2022 price.

Sales and rents for V072 over time

Sales
Villa V072, 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, October 2020: AED 7,950,000 (AED 1,043 per sqft)Sold, April 2022: AED 8,000,000 (AED 1,050 per sqft)

V072 has sold twice; the dashed line is the five-bed median of each year in the community.

Rents
Villa V072, 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 2020: 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 V072 sits

All 198 5-beds →

V072 last sold in April 2022 at AED 1,050 per sqft, 4% below what five-beds in Millennium Estates were fetching at the time (AED 1,091). 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. V072'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 →

V072, Millennium Estates in numbers

  • Sold twice: first on 1 October 2020 for AED 7,950,000, last on 19 April 2022 for AED 8,000,000 (AED 1,050 per sqft).
  • Rented since November 2020 on one Ejari contract, at AED 250,000 a year.
  • At AED 250,000 a year the gross yield on the 2022 price is 3.1%.
  • 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 19 April 2022.

Questions about V072, Millennium Estates

What did villa V072 last sell for?

AED 8,000,000 on 19 April 2022: AED 1,050 per sqft for 7,616 sqft. The villa has 2 registered sales; the first was AED 7,950,000 in October 2020.

What is the rent for villa V072?

AED 250,000 a year on the contract signed on 15 November 2020.

How big is villa V072?

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

What is villa V072 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 V072, Millennium Estates

Starts from the last sale price (AED 8M, 19 April 2022). Switch to today's estimate once you have unlocked it.
Price
AED 8,000,000
Deposit, UAE resident (20%)
AED 1,600,000
Deposit, non-resident (40%)
AED 3,200,000
Monthly over 25 years at 3.7%
AED 32,730

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