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

V037, Deema 1

Sold prices and rental history: sold 4 times, last in November 2020, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V037 · DLD and Ejari recordsUpdated 5 November 2020
Last soldAED 4.25M5 November 2020
Current rentAED 245K /yr15 June 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V037, Deema 1

What is V037 worth today?

Last sold for AED 4,250,000 in 2020

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5 Nov 2020SoldReady
AED 4,250,000AED 1,056 per sqft
11 Oct 2015SoldReady
AED 6,000,000AED 1,490 per sqft
31 Aug 2015SoldReady
AED 1,431,000AED 355 per sqft
15 Jun 2015RentedNew contract
AED 245,261/yr6 months · AED 61 per sqft
15 Jun 2014RentedNew contract
AED 223,387/yr12 months · AED 56 per sqft
15 Jun 2013RentedNew contract
AED 194,250/yr12 months · AED 48 per sqft
21 May 2009Sold by developerReady
AED 4,234,911AED 1,052 per sqft

Source: Dubai Land Department. Updated 5 November 2020.

Key facts

Type
4-bed villa
Size
4,024 sqft
Developer
Emaar
Completed
2003
Service charge
AED 14,400 /yr
Last sold
AED 4.25M · November 2020
Community
Deema 1

About V037, Deema 1

V037 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 5 November 2020 for AED 4,250,000, or AED 1,056 per sqft, in line with the AED 1,056 four-beds in the community were fetching at the time.

It has been rented since 2013 on 3 Ejari contracts. The current contract, signed on 15 June 2015, is AED 245,261 a year: a gross yield of 5.8% on the 2020 price, before the service charge of about AED 14,400 a year.

Sales and rents for V037 over time

Sales
Villa V037, each saleTypical four-bed in Deema 1
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, May 2009: AED 4,234,911 (AED 1,052 per sqft)Sold, August 2015: AED 1,431,000 (AED 355 per sqft)Sold, October 2015: AED 6,000,000 (AED 1,490 per sqft)Sold, November 2020: AED 4,250,000 (AED 1,056 per sqft)

V037 has sold 4 times; the dashed line is the four-bed median of each year in the community.

Rents
Villa V037, 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, June 2013: AED 194,250 a yearNew contract, June 2014: AED 223,387 a yearNew contract, June 2015: AED 245,261 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 V037 sits

All 34 4-beds →

V037 last sold in November 2020 at AED 1,056 per sqft, in line with what four-beds in Deema 1 were fetching at the time (AED 1,056).

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 →

V037, Deema 1 in numbers

  • Sold 4 times: first on 21 May 2009 for AED 4,234,911, last on 5 November 2020 for AED 4,250,000 (AED 1,056 per sqft).
  • Rented since June 2013 on 3 Ejari contracts, from AED 194,250 to AED 245,261 a year.
  • At AED 245,261 a year the gross yield on the 2020 price is 5.8%, before a service charge of about AED 14,400 a year (AED 3.58 per sqft).

Source: Dubai Land Department. Updated 5 November 2020.

Questions about V037, Deema 1

What did villa V037 last sell for?

AED 4,250,000 on 5 November 2020: AED 1,056 per sqft for 4,024 sqft. The villa has 4 registered sales; the first was AED 4,234,911 in May 2009.

What is the rent for villa V037?

AED 245,261 a year on the contract signed on 15 June 2015. The previous contract, from June 2014, was AED 223,387; the villa has been rented since June 2013.

How big is villa V037?

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

What is villa V037 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 V037, Deema 1

Starts from the last sale price (AED 4.25M, 5 November 2020). Switch to today's estimate once you have unlocked it.
Price
AED 4,250,000
Deposit, UAE resident (20%)
AED 850,000
Deposit, non-resident (40%)
AED 1,700,000
Monthly over 25 years at 3.7%
AED 17,388

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