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

V198, Millennium Estates

Sold prices and rental history: sold twice, last in January 2024, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V198 · DLD and Ejari recordsUpdated 10 January 2024
Last soldAED 14.3M10 January 2024
Current rentAED 350K /yr15 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for V198, Millennium Estates

What is V198 worth today?

Last sold for AED 14,300,000 in 2024

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10 Jan 2024SoldReady
AED 14,300,000AED 1,774 per sqft
15 Oct 2022RentedRenewal
AED 350,000/yr12 months · AED 43 per sqft
15 Oct 2021RentedNew contract
AED 350,000/yr12 months · AED 43 per sqft
15 Oct 2020RentedNew contract
AED 350,000/yr12 months · AED 43 per sqft
1 Sep 2019RentedRenewal
AED 360,000/yr12 months · AED 45 per sqft
1 Sep 2018RentedNew contract
AED 400,000/yr12 months · AED 50 per sqft
1 Sep 2017RentedNew contract
AED 450,000/yr12 months · AED 56 per sqft
23 Sep 2014Sold by developerOff-plan
AED 8,787,215AED 1,090 per sqft

Source: Dubai Land Department. Updated 10 January 2024.

Key facts

Type
5-bed villa
Size
8,061 sqft
Developer
G & Co Real Estate Development
Completed
2015
Last sold
AED 14.3M · January 2024

About V198, Millennium Estates

V198 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 10 January 2024 for AED 14,300,000, or AED 1,774 per sqft, 10% above the AED 1,612 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 15 October 2022, is AED 350,000 a year: a gross yield of 2.5% on the 2024 price.

Sales and rents for V198 over time

Sales
Villa V198, 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, September 2014: AED 8,787,215 (AED 1,090 per sqft)Sold, January 2024: AED 14,300,000 (AED 1,774 per sqft)

V198 has sold twice; the dashed line is the five-bed median of each year in the community.

Rents
Villa V198, 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, September 2017: AED 450,000 a yearNew contract, September 2018: AED 400,000 a yearRenewal, September 2019: AED 360,000 a yearNew contract, October 2020: AED 350,000 a yearNew contract, October 2021: AED 350,000 a yearRenewal, October 2022: AED 350,000 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 V198 sits

All 198 5-beds →

V198 last sold in January 2024 at AED 1,774 per sqft, 10% above what five-beds in Millennium Estates were fetching at the time (AED 1,612). 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. V198's AED 350,000 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 →

V198, Millennium Estates in numbers

  • Sold twice: first on 23 September 2014 for AED 8,787,215, last on 10 January 2024 for AED 14,300,000 (AED 1,774 per sqft).
  • Rented since September 2017 on 6 Ejari contracts, from AED 450,000 to AED 350,000 a year.
  • At AED 350,000 a year the gross yield on the 2024 price is 2.5%.
  • 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 10 January 2024.

Questions about V198, Millennium Estates

What did villa V198 last sell for?

AED 14,300,000 on 10 January 2024: AED 1,774 per sqft for 8,061 sqft. The villa has 2 registered sales; the first was AED 8,787,215 in September 2014.

What is the rent for villa V198?

AED 350,000 a year on the contract renewed on 15 October 2022. The previous contract, from October 2021, was AED 350,000; the villa has been rented since September 2017.

How big is villa V198?

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

What is villa V198 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 V198, Millennium Estates

Starts from the last sale price (AED 14.3M, 10 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 14,300,000
Deposit, UAE resident (20%)
AED 2,860,000
Deposit, non-resident (40%)
AED 5,720,000
Monthly over 25 years at 3.7%
AED 58,506

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