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

V161, Millennium Estates

Sold prices and rental history: sold once, by the developer in May 2015, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V161 · DLD and Ejari recordsUpdated 1 August 2023
Last soldAED 8.05M6 May 2015
Current rentAED 315K /yr1 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for V161, Millennium Estates

What is V161 worth today?

Last sold for AED 8,050,115 in 2015

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1 Aug 2023RentedRenewal
AED 315,000/yr12 months · AED 39 per sqft
1 Aug 2021RentedRenewal
AED 240,000/yr12 months · AED 30 per sqft
1 Aug 2020RentedNew contract
AED 240,000/yr12 months · AED 30 per sqft
1 May 2020RentedRenewal
AED 285,000/yr6 months · AED 35 per sqft
1 May 2019RentedRenewal
AED 285,000/yr12 months · AED 35 per sqft
1 May 2017RentedNew contract
AED 300,000/yr12 months · AED 37 per sqft
6 May 2015Sold by developerOff-plan
AED 8,050,115AED 998 per sqft

Source: Dubai Land Department. Updated 1 August 2023.

Key facts

Type
5-bed villa
Size
8,061 sqft
Developer
G & Co Real Estate Development
Completed
2015
Last sold
AED 8.05M · May 2015

About V161, Millennium Estates

V161 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. The developer sold it on 6 May 2015 for AED 8,050,115, or AED 998 per sqft, in line with the AED 1,019 five-beds in the community were fetching at the time.

It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, renewed on 1 August 2023, is AED 315,000 a year: a gross yield of 3.9% on the 2015 price.

Sales and rents for V161 over time

Sales
Villa V161, 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)

V161 has sold once; the dashed line is the five-bed median of each year in the community.

Rents
Villa V161, 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, May 2017: AED 300,000 a yearRenewal, May 2019: AED 285,000 a yearRenewal, May 2020: AED 285,000 a yearNew contract, August 2020: AED 240,000 a yearRenewal, August 2021: AED 240,000 a yearRenewal, August 2023: AED 315,000 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 V161 sits

All 198 5-beds →

V161 last sold in May 2015 at AED 998 per sqft, in line with what five-beds in Millennium Estates were fetching at the time (AED 1,019). 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. V161's AED 315,000 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 →

V161, Millennium Estates in numbers

  • Sold once: by G & Co Real Estate Development on 6 May 2015 for AED 8,050,115, or AED 998 per sqft.
  • Rented since May 2017 on 6 Ejari contracts. The rent fell from AED 300,000 to AED 240,000 in 2021 and recovered to AED 315,000 by August 2023.
  • At AED 315,000 a year the gross yield on the 2015 price is 3.9%.
  • 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 1 August 2023.

Questions about V161, Millennium Estates

What did villa V161 last sell for?

AED 8,050,115 on 6 May 2015, sold by the developer: AED 998 per sqft for 8,061 sqft. It is the only registered sale of the villa.

What is the rent for villa V161?

AED 315,000 a year on the contract renewed on 1 August 2023. The previous contract, from August 2021, was AED 240,000; the villa has been rented since May 2017.

How big is villa V161?

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

What is villa V161 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 V161, Millennium Estates

Starts from the last sale price (AED 8.05M, 6 May 2015). Switch to today's estimate once you have unlocked it.
Price
AED 8,050,115
Deposit, UAE resident (20%)
AED 1,610,023
Deposit, non-resident (40%)
AED 3,220,046
Monthly over 25 years at 3.7%
AED 32,936

Plus AED 343,115 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →