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

V049, Deema 1

Sold prices and rental history: sold 4 times, last in April 2024, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V049 · DLD and Ejari recordsUpdated 23 April 2024
Last soldAED 8.5M23 April 2024
Current rentAED 350K /yr5 July 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V049, Deema 1

What is V049 worth today?

Last sold for AED 8,500,000 in 2024

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23 Apr 2024SoldReady
AED 8,500,000AED 2,112 per sqft
5 Jul 2023RentedRenewal
AED 350,000/yr12 months · AED 87 per sqft
5 Jul 2022RentedRenewal
AED 350,000/yr12 months · AED 87 per sqft
5 Jul 2021RentedRenewal
AED 245,000/yr12 months · AED 61 per sqft
5 Jul 2020RentedNew contract
AED 245,000/yr12 months · AED 61 per sqft
30 Jun 2019RentedNew contract
AED 280,000/yr12 months · AED 70 per sqft
23 Apr 2015SoldReady
AED 5,550,000AED 1,379 per sqft
10 Jul 2014RentedNew contract
AED 270,769/yr12 months · AED 67 per sqft

Source: Dubai Land Department. Updated 23 April 2024.

Key facts

Type
4-bed villa
Size
4,024 sqft
Developer
Emaar
Completed
2003
Service charge
AED 14,400 /yr
Last sold
AED 8.5M · April 2024
Community
Deema 1

About V049, Deema 1

V049 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 23 April 2024 for AED 8,500,000, or AED 2,112 per sqft, in line with the AED 2,074 four-beds in the community were fetching at the time.

It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, renewed on 5 July 2023, is AED 350,000 a year: a gross yield of 4.1% on the 2024 price, before the service charge of about AED 14,400 a year.

Sales and rents for V049 over time

Sales
Villa V049, 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, August 2008: AED 3,866,888 (AED 960 per sqft)Sold, August 2008: AED 5,700,000 (AED 1,416 per sqft)Sold, April 2015: AED 5,550,000 (AED 1,379 per sqft)Sold, April 2024: AED 8,500,000 (AED 2,112 per sqft)

V049 has sold 4 times; the dashed line is the four-bed median of each year in the community.

Rents
Villa V049, 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, July 2014: AED 270,769 a yearNew contract, June 2019: AED 280,000 a yearNew contract, July 2020: AED 245,000 a yearRenewal, July 2021: AED 245,000 a yearRenewal, July 2022: AED 350,000 a yearRenewal, July 2023: AED 350,000 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 V049 sits

All 34 4-beds →

V049 last sold in April 2024 at AED 2,112 per sqft, in line with what four-beds in Deema 1 were fetching at the time (AED 2,074).

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 →

V049, Deema 1 in numbers

  • Sold 4 times: first on 21 August 2008 for AED 5,700,000, last on 23 April 2024 for AED 8,500,000 (AED 2,112 per sqft).
  • Rented since July 2014 on 6 Ejari contracts, from AED 270,769 to AED 350,000 a year.
  • At AED 350,000 a year the gross yield on the 2024 price is 4.1%, before a service charge of about AED 14,400 a year (AED 3.58 per sqft).

Source: Dubai Land Department. Updated 23 April 2024.

Questions about V049, Deema 1

What did villa V049 last sell for?

AED 8,500,000 on 23 April 2024: AED 2,112 per sqft for 4,024 sqft. The villa has 4 registered sales; the first was AED 5,700,000 in August 2008.

What is the rent for villa V049?

AED 350,000 a year on the contract renewed on 5 July 2023. The previous contract, from July 2022, was AED 350,000; the villa has been rented since July 2014.

How big is villa V049?

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

What is villa V049 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 V049, Deema 1

Starts from the last sale price (AED 8.5M, 23 April 2024). Switch to today's estimate once you have unlocked it.
Price
AED 8,500,000
Deposit, UAE resident (20%)
AED 1,700,000
Deposit, non-resident (40%)
AED 3,400,000
Monthly over 25 years at 3.7%
AED 34,776

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