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4-bed · 4,024 sqftDeema 1, The Lakes · completed 2003

V002, Deema 1

Sold prices and rental history: sold 3 times, last in November 2022, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V002 · DLD and Ejari recordsUpdated 22 November 2022
Last soldAED 6.1M22 November 2022
Current rentAED 233K /yr1 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V002, Deema 1

What is V002 worth today?

Last sold for AED 6,100,000 in 2022

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22 Nov 2022SoldReady
AED 6,100,000AED 1,515 per sqft
1 Aug 2021RentedRenewal
AED 233,000/yr12 months · AED 58 per sqft
1 Aug 2020RentedRenewal
AED 233,000/yr12 months · AED 58 per sqft
1 Aug 2019RentedNew contract
AED 253,000/yr12 months · AED 63 per sqft
12 Aug 2012SoldReady
AED 4,725,000AED 1,174 per sqft
14 Jul 2011Sold by developerReady
AED 3,947,888AED 980 per sqft

Source: Dubai Land Department. Updated 22 November 2022.

Key facts

Type
4-bed villa
Size
4,024 sqft
Developer
Emaar
Completed
2003
Service charge
AED 14,400 /yr
Last sold
AED 6.1M · November 2022
Community
Deema 1

About V002, Deema 1

V002 is a four-bedroom villa of 4,024 sqft in Deema 1, a villa community in The Lakes completed in 2003 by Emaar. It last sold on 22 November 2022 for AED 6,100,000, or AED 1,515 per sqft.

It has been rented since 2019 on 3 Ejari contracts. The current contract, renewed on 1 August 2021, is AED 233,000 a year: a gross yield of 3.8% on the 2022 price, before the service charge of about AED 14,400 a year.

Sales and rents for V002 over time

Sales
Villa V002, 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, July 2011: AED 3,947,888 (AED 980 per sqft)Sold, August 2012: AED 4,725,000 (AED 1,174 per sqft)Sold, November 2022: AED 6,100,000 (AED 1,515 per sqft)

V002 has sold 3 times; the dashed line is the four-bed median of each year in the community.

Rents
Villa V002, each contractTypical four-bed in Deema 1
200K300K2012201620202024Typical 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, August 2019: AED 253,000 a yearRenewal, August 2020: AED 233,000 a yearRenewal, August 2021: AED 233,000 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 V002 sits

All 34 4-beds →
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 →

V002, Deema 1 in numbers

  • Sold 3 times: first on 14 July 2011 for AED 3,947,888, last on 22 November 2022 for AED 6,100,000 (AED 1,515 per sqft).
  • Rented since August 2019 on 3 Ejari contracts, from AED 253,000 to AED 233,000 a year.
  • At AED 233,000 a year the gross yield on the 2022 price is 3.8%, before a service charge of about AED 14,400 a year (AED 3.58 per sqft).

Source: Dubai Land Department. Updated 22 November 2022.

Questions about V002, Deema 1

What did villa V002 last sell for?

AED 6,100,000 on 22 November 2022: AED 1,515 per sqft for 4,024 sqft. The villa has 3 registered sales; the first was AED 3,947,888 in July 2011.

What is the rent for villa V002?

AED 233,000 a year on the contract renewed on 1 August 2021. The previous contract, from August 2020, was AED 233,000; the villa has been rented since August 2019.

How big is villa V002?

4,024 sqft (373.8 sqm): a four-bedroom villa in Deema 1, completed in 2003.

What is villa V002 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 V002, Deema 1

Starts from the last sale price (AED 6.1M, 22 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 6,100,000
Deposit, UAE resident (20%)
AED 1,220,000
Deposit, non-resident (40%)
AED 2,440,000
Monthly over 25 years at 3.7%
AED 24,957

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