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

V120, Millennium Estates

Sold prices and rental history: sold twice, last in December 2019, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V120 · DLD and Ejari recordsUpdated 30 January 2020
Last soldAED 6.85M22 December 2019
Current rentAED 200K /yr30 January 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V120, Millennium Estates

What is V120 worth today?

Last sold for AED 6,850,000 in 2019

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30 Jan 2020RentedNew contract
AED 200,000/yr12 months · AED 25 per sqft
22 Dec 2019SoldReady
AED 6,850,000AED 849 per sqft
15 Jun 2018RentedRenewal
AED 275,000/yr12 months · AED 34 per sqft
15 Jun 2017RentedNew contract
AED 275,000/yr12 months · AED 34 per sqft
6 May 2015Sold by developerOff-plan
AED 8,050,115AED 998 per sqft

Source: Dubai Land Department. Updated 30 January 2020.

Key facts

Type
5-bed villa
Size
8,061 sqft
Developer
G & Co Real Estate Development
Completed
2015
Last sold
AED 6.85M · December 2019
Community
Millennium Estates

About V120, Millennium Estates

V120 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 22 December 2019 for AED 6,850,000, or AED 849 per sqft, in line with the AED 856 five-beds in the community were fetching at the time.

It has been rented since 2017 on 3 Ejari contracts. The current contract, signed on 30 January 2020, is AED 200,000 a year: a gross yield of 2.9% on the 2019 price.

Sales and rents for V120 over time

Sales
Villa V120, 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 8,050,115 (AED 998 per sqft)Sold, December 2019: AED 6,850,000 (AED 849 per sqft)

V120 has sold twice; the dashed line is the five-bed median of each year in the community.

Rents
Villa V120, 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, June 2017: AED 275,000 a yearRenewal, June 2018: AED 275,000 a yearNew contract, January 2020: 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 V120 sits

All 198 5-beds →

V120 last sold in December 2019 at AED 849 per sqft, in line with what five-beds in Millennium Estates were fetching at the time (AED 856). 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. V120'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 →

V120, Millennium Estates in numbers

  • Sold twice: first on 6 May 2015 for AED 8,050,115, last on 22 December 2019 for AED 6,850,000 (AED 849 per sqft).
  • Rented since June 2017 on 3 Ejari contracts, from AED 275,000 to AED 200,000 a year.
  • At AED 200,000 a year the gross yield on the 2019 price is 2.9%.
  • 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 30 January 2020.

Questions about V120, Millennium Estates

What did villa V120 last sell for?

AED 6,850,000 on 22 December 2019: AED 849 per sqft for 8,061 sqft. The villa has 2 registered sales; the first was AED 8,050,115 in May 2015.

What is the rent for villa V120?

AED 200,000 a year on the contract signed on 30 January 2020. The previous contract, from June 2018, was AED 275,000; the villa has been rented since June 2017.

How big is villa V120?

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

What is villa V120 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 V120, Millennium Estates

Starts from the last sale price (AED 6.85M, 22 December 2019). Switch to today's estimate once you have unlocked it.
Price
AED 6,850,000
Deposit, UAE resident (20%)
AED 1,370,000
Deposit, non-resident (40%)
AED 2,740,000
Monthly over 25 years at 3.7%
AED 28,025

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