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

V119, Millennium Estates

Sold prices and rental history: sold twice, last in July 2020, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V119 · DLD and Ejari recordsUpdated 5 September 2021
Last soldAED 5.8M6 July 2020
Current rentAED 150K /yr5 September 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for V119, Millennium Estates

What is V119 worth today?

Last sold for AED 5,800,000 in 2020

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5 Sep 2021RentedNew contract · flagged as an outlier
AED 150,000/yr12 months · AED 19 per sqft
18 Aug 2020RentedNew contract · flagged as an outlier
AED 150,000/yr12 months · AED 19 per sqft
6 Jul 2020SoldReady
AED 5,800,000AED 719 per sqft
5 Nov 2019RentedRenewal
AED 255,000/yr12 months · AED 32 per sqft
5 Nov 2018RentedNew contract
AED 255,000/yr12 months · AED 32 per sqft
15 Aug 2016RentedNew contract
AED 345,000/yr24 months · AED 43 per sqft
29 Oct 2015Sold by developerOff-plan
AED 8,050,115AED 998 per sqft

Source: Dubai Land Department. Updated 5 September 2021.

Key facts

Type
5-bed villa
Size
8,061 sqft
Developer
G & Co Real Estate Development
Completed
2015
Last sold
AED 5.8M · July 2020

About V119, Millennium Estates

V119 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 6 July 2020 for AED 5,800,000, or AED 719 per sqft, 16% below the AED 853 five-beds in the community were fetching at the time.

It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, signed on 5 September 2021, is AED 150,000 a year: a gross yield of 2.6% on the 2020 price.

Sales and rents for V119 over time

Sales
Villa V119, 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 2015: AED 8,050,115 (AED 998 per sqft)Sold, July 2020: AED 5,800,000 (AED 719 per sqft)

V119 has sold twice; the dashed line is the five-bed median of each year in the community.

Rents
Villa V119, 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, August 2016: AED 345,000 a yearNew contract, November 2018: AED 255,000 a yearRenewal, November 2019: AED 255,000 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 V119 sits

All 198 5-beds →

V119 last sold in July 2020 at AED 719 per sqft, 16% below what five-beds in Millennium Estates were fetching at the time (AED 853). 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. V119's AED 150,000 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 →

V119, Millennium Estates in numbers

  • Sold twice: first on 29 October 2015 for AED 8,050,115, last on 6 July 2020 for AED 5,800,000 (AED 719 per sqft).
  • Rented since August 2016 on 5 Ejari contracts, from AED 345,000 to AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2020 price is 2.6%.
  • 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 5 September 2021.

Questions about V119, Millennium Estates

What did villa V119 last sell for?

AED 5,800,000 on 6 July 2020: AED 719 per sqft for 8,061 sqft. The villa has 2 registered sales; the first was AED 8,050,115 in October 2015.

What is the rent for villa V119?

AED 150,000 a year on the contract signed on 5 September 2021. The previous contract, from August 2020, was AED 150,000; the villa has been rented since August 2016.

How big is villa V119?

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

What is villa V119 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 V119, Millennium Estates

Starts from the last sale price (AED 5.8M, 6 July 2020). Switch to today's estimate once you have unlocked it.
Price
AED 5,800,000
Deposit, UAE resident (20%)
AED 1,160,000
Deposit, non-resident (40%)
AED 2,320,000
Monthly over 25 years at 3.7%
AED 23,730

Plus AED 248,610 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →