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

V148, Millennium Estates

Sold prices and rental history: sold twice, last in November 2021, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V148 · DLD and Ejari recordsUpdated 30 November 2021
Last soldAED 5M30 November 2021
Current rentAED 290K /yr1 December 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for V148, Millennium Estates

What is V148 worth today?

Last sold for AED 5,000,000 in 2021

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30 Nov 2021SoldReady
AED 5,000,000AED 620 per sqft
1 Dec 2020RentedRenewal
AED 290,000/yr12 months · AED 36 per sqft
1 Dec 2017RentedNew contract
AED 290,000/yr36 months · AED 36 per sqft
2 Jun 2015Sold by developerOff-plan
AED 9,413,750AED 1,167 per sqft

Source: Dubai Land Department. Updated 30 November 2021.

Key facts

Type
5-bed villa
Size
8,061 sqft
Developer
G & Co Real Estate Development
Completed
2015
Last sold
AED 5M · November 2021

About V148, Millennium Estates

V148 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 30 November 2021 for AED 5,000,000, or AED 620 per sqft, 38% below the AED 1,007 five-beds in the community were fetching at the time.

It has been rented since 2017 on 2 Ejari contracts. The current contract, renewed on 1 December 2020, is AED 290,000 a year: a gross yield of 5.8% on the 2021 price.

Sales and rents for V148 over time

Sales
Villa V148, 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, June 2015: AED 9,413,750 (AED 1,167 per sqft)Sold, November 2021: AED 5,000,000 (AED 620 per sqft)

V148 has sold twice; the dashed line is the five-bed median of each year in the community.

Rents
Villa V148, 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, December 2017: AED 290,000 a yearRenewal, December 2020: AED 290,000 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 V148 sits

All 198 5-beds →

V148 last sold in November 2021 at AED 620 per sqft, 38% below what five-beds in Millennium Estates were fetching at the time (AED 1,007). 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. V148's AED 290,000 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 →

V148, Millennium Estates in numbers

  • Sold twice: first on 2 June 2015 for AED 9,413,750, last on 30 November 2021 for AED 5,000,000 (AED 620 per sqft).
  • Rented since December 2017 on 2 Ejari contracts, at AED 290,000 a year.
  • At AED 290,000 a year the gross yield on the 2021 price is 5.8%.
  • 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 30 November 2021.

Questions about V148, Millennium Estates

What did villa V148 last sell for?

AED 5,000,000 on 30 November 2021: AED 620 per sqft for 8,061 sqft. The villa has 2 registered sales; the first was AED 9,413,750 in June 2015.

What is the rent for villa V148?

AED 290,000 a year on the contract renewed on 1 December 2020. The previous contract, from December 2017, was AED 290,000.

How big is villa V148?

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

What is villa V148 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 V148, Millennium Estates

Starts from the last sale price (AED 5M, 30 November 2021). Switch to today's estimate once you have unlocked it.
Price
AED 5,000,000
Deposit, UAE resident (20%)
AED 1,000,000
Deposit, non-resident (40%)
AED 2,000,000
Monthly over 25 years at 3.7%
AED 20,457

Plus AED 215,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →