5-bed · 8,061 sqftMillennium Estates, Meydan City · completed 2015

V117, Millennium Estates

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

Villa V117 · DLD and Ejari recordsUpdated 28 October 2022
Last soldAED 10M28 October 2022
Current rentAED 280K /yr5 March 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for V117, Millennium Estates

What is V117 worth today?

Last sold for AED 10,000,000 in 2022

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28 Oct 2022SoldReady
AED 10,000,000AED 1,240 per sqft
5 Mar 2021RentedRenewal
AED 280,000/yr12 months · AED 35 per sqft
5 Mar 2020RentedRenewal
AED 280,000/yr12 months · AED 35 per sqft
8 Nov 2015Sold by developerOff-plan
AED 7,850,115AED 973 per sqft

Source: Dubai Land Department. Updated 28 October 2022.

Key facts

Type
5-bed villa
Size
8,061 sqft
Developer
G & Co Real Estate Development
Completed
2015
Last sold
AED 10M · October 2022

About V117, Millennium Estates

V117 is a five-bedroom villa of 8,061 sqft in Millennium Estates, a villa community in Meydan City completed in 2015 by G & Co Real Estate Development. It last sold on 28 October 2022 for AED 10,000,000, or AED 1,240 per sqft, 5% above the AED 1,181 five-beds in the community were fetching at the time.

It has been rented since 2020 on 2 Ejari contracts. The current contract, renewed on 5 March 2021, is AED 280,000 a year: a gross yield of 2.8% on the 2022 price.

Sales and rents for V117 over time

Sales
Villa V117, 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, November 2015: AED 7,850,115 (AED 973 per sqft)Sold, October 2022: AED 10,000,000 (AED 1,240 per sqft)

V117 has sold twice; the dashed line is the five-bed median of each year in the community.

Rents
Villa V117, 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, March 2020: AED 280,000 a yearRenewal, March 2021: AED 280,000 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 V117 sits

All 198 5-beds →

V117 last sold in October 2022 at AED 1,240 per sqft, 5% above what five-beds in Millennium Estates were fetching at the time (AED 1,181). 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. V117's AED 280,000 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 →

V117, Millennium Estates in numbers

  • Sold twice: first on 8 November 2015 for AED 7,850,115, last on 28 October 2022 for AED 10,000,000 (AED 1,240 per sqft).
  • Rented since March 2020 on 2 Ejari contracts, at AED 280,000 a year.
  • At AED 280,000 a year the gross yield on the 2022 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 28 October 2022.

Questions about V117, Millennium Estates

What did villa V117 last sell for?

AED 10,000,000 on 28 October 2022: AED 1,240 per sqft for 8,061 sqft. The villa has 2 registered sales; the first was AED 7,850,115 in November 2015.

What is the rent for villa V117?

AED 280,000 a year on the contract renewed on 5 March 2021. The previous contract, from March 2020, was AED 280,000.

How big is villa V117?

8,061 sqft (748.9 sqm): a five-bedroom villa in Millennium Estates, completed in 2015.

What is villa V117 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 V117, Millennium Estates

Starts from the last sale price (AED 10M, 28 October 2022). Switch to today's estimate once you have unlocked it.
Price
AED 10,000,000
Deposit, UAE resident (20%)
AED 2,000,000
Deposit, non-resident (40%)
AED 4,000,000
Monthly over 25 years at 3.7%
AED 40,913

Plus AED 425,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →