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4-bed · 3,375 sqftDeema 1, The Lakes · completed 2003

V001, Deema 1

Sold prices and rental history: sold once, by the developer in September 2010, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V001 · DLD and Ejari recordsUpdated 11 September 2023
Last soldAED 4.02M22 September 2010
Current rentAED 400K /yr11 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V001, Deema 1

What is V001 worth today?

Last sold for AED 4,020,888 in 2010

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11 Sep 2023RentedNew contract
AED 400,000/yr12 months · AED 119 per sqft
25 Oct 2021RentedRenewal
AED 220,000/yr12 months · AED 65 per sqft
25 Oct 2020RentedRenewal
AED 210,000/yr12 months · AED 62 per sqft
25 Oct 2019RentedNew contract
AED 230,000/yr12 months · AED 68 per sqft
5 Jul 2017RentedRenewal
AED 300,000/yr24 months · AED 89 per sqft
5 Jul 2015RentedNew contract
AED 300,000/yr24 months · AED 89 per sqft
1 Mar 2015RentedRenewal
AED 267,750/yr12 months · AED 79 per sqft
1 Mar 2014RentedRenewal
AED 267,750/yr12 months · AED 79 per sqft

Source: Dubai Land Department. Updated 11 September 2023.

Key facts

Type
4-bed villa
Size
3,375 sqft
Developer
Emaar
Completed
2003
Service charge
AED 12,100 /yr
Last sold
AED 4.02M · September 2010
Community
Deema 1

About V001, Deema 1

V001 is a four-bedroom villa of 3,375 sqft in Deema 1, a villa community in The Lakes completed in 2003 by Emaar. The developer sold it on 22 September 2010 for AED 4,020,888, or AED 1,191 per sqft, 15% above the AED 1,035 four-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, signed on 11 September 2023, is AED 400,000 a year: a gross yield of 10.0% on the 2010 price, before the service charge of about AED 12,100 a year.

Sales and rents for V001 over time

Sales
Villa V001, each saleTypical four-bed in Deema 1
2.5M5M7.5M2008201320182023Typical sale price by year: 2008 AED 3,731,388; 2009 AED 3,675,866; 2010 AED 3,897,744; 2011 AED 2,689,328; 2012 AED 3,950,000; 2013 AED 5,250,000; 2015 AED 5,050,000; 2018 AED 4,900,000; 2020 AED 3,758,500; 2021 AED 4,600,000; 2022 AED 5,325,000; 2023 AED 7,000,000; 2024 AED 8,150,000Sold by developer, September 2010: AED 4,020,888 (AED 1,191 per sqft)

V001 has sold once; the dashed line is the four-bed median of each year in the community.

Rents
Villa V001, each contractTypical four-bed in Deema 1
200K300K400K2012201620202024Typical rent by year: 2012 AED 256,667; 2013 AED 260,000; 2014 AED 279,612; 2015 AED 280,000; 2016 AED 289,197; 2017 AED 270,000; 2018 AED 252,500; 2019 AED 230,000; 2020 AED 202,500; 2021 AED 230,000; 2022 AED 270,000; 2023 AED 312,974; 2024 AED 320,000; 2025 AED 317,000New contract, March 2013: AED 255,000 a yearRenewal, March 2014: AED 267,750 a yearRenewal, March 2015: AED 267,750 a yearNew contract, July 2015: AED 300,000 a yearRenewal, July 2017: AED 300,000 a yearNew contract, October 2019: AED 230,000 a yearRenewal, October 2020: AED 210,000 a yearRenewal, October 2021: AED 220,000 a yearNew contract, September 2023: AED 400,000 a year

Annual rent on each registered contract; the dashed line is the four-bed median of each year in the community.

4-beds in Deema 1, and where V001 sits

All 34 4-beds →

V001 last sold in September 2010 at AED 1,191 per sqft, 15% above what four-beds in Deema 1 were fetching at the time (AED 1,035).

Recent 4-bed salesVilla no.Price (AED)Summary
10 Apr 202513,750,000
22 Oct 20248,600,000
18 Sep 20247,800,000
3 Jun 20249,850,000
0 4-bed sales in the last 12 months

Deema 1

Community

66 villas, 3-bed to 4-bed in The Lakes, completed in 2003 by Emaar. No sale in the last 12 months.

Typical price per sqft
Few sales
Typical sale
Few sales
Typical rent
AED 353K /yr
Typical yield
Deema 1, The Lakes: prices, sales and rents →

V001, Deema 1 in numbers

  • Sold once: by Emaar on 22 September 2010 for AED 4,020,888, or AED 1,191 per sqft.
  • Rented since March 2013 on 9 Ejari contracts. The rent fell from AED 255,000 to AED 210,000 in 2020 and recovered to AED 400,000 by September 2023.
  • At AED 400,000 a year the gross yield on the 2010 price is 10.0%, before a service charge of about AED 12,100 a year (AED 3.58 per sqft).

Source: Dubai Land Department. Updated 11 September 2023.

Questions about V001, Deema 1

What did villa V001 last sell for?

AED 4,020,888 on 22 September 2010, sold by the developer: AED 1,191 per sqft for 3,375 sqft. It is the only registered sale of the villa.

What is the rent for villa V001?

AED 400,000 a year on the contract signed on 11 September 2023. The previous contract, from October 2021, was AED 220,000; the villa has been rented since March 2013.

How big is villa V001?

3,375 sqft (313.5 sqm): a four-bedroom villa in Deema 1, completed in 2003.

What is villa V001 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on V001, Deema 1

Starts from the last sale price (AED 4.02M, 22 September 2010). Switch to today's estimate once you have unlocked it.
Price
AED 4,020,888
Deposit, UAE resident (20%)
AED 804,178
Deposit, non-resident (40%)
AED 1,608,355
Monthly over 25 years at 3.7%
AED 16,451

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