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

V055, Deema 1

Sold prices and rental history: sold 3 times, last in April 2024, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V055 · DLD and Ejari recordsUpdated 15 April 2024
Last soldAED 6.85M15 April 2024
Current rentAED 320K /yr5 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for V055, Deema 1

What is V055 worth today?

Last sold for AED 6,850,000 in 2024

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15 Apr 2024SoldReady
AED 6,850,000AED 2,029 per sqft
5 Feb 2024RentedRenewal
AED 320,000/yr12 months · AED 95 per sqft
5 Feb 2024RentedRenewal
AED 320,000/yr12 months · AED 95 per sqft
5 Feb 2023RentedRenewal
AED 320,000/yr12 months · AED 95 per sqft
5 Feb 2022RentedNew contract
AED 315,000/yr12 months · AED 93 per sqft
16 Jan 2021RentedRenewal
AED 220,000/yr12 months · AED 65 per sqft
1 Jul 2019RentedRenewal
AED 276,000/yr5 months · AED 82 per sqft
1 Jul 2018RentedRenewal
AED 300,000/yr12 months · AED 89 per sqft

Source: Dubai Land Department. Updated 15 April 2024.

Key facts

Type
4-bed villa
Size
3,375 sqft
Developer
Emaar
Completed
2003
Service charge
AED 12,100 /yr
Last sold
AED 6.85M · April 2024
Community
Deema 1

About V055, Deema 1

V055 is a four-bedroom villa of 3,375 sqft in Deema 1, a villa community in The Lakes completed in 2003 by Emaar. It last sold on 15 April 2024 for AED 6,850,000, or AED 2,029 per sqft, in line with the AED 2,052 four-beds in the community were fetching at the time.

It has been rented continuously since 2012 on 13 Ejari contracts. The current contract, renewed on 5 February 2024, is AED 320,000 a year: a gross yield of 4.7% on the 2024 price, before the service charge of about AED 12,100 a year.

Sales and rents for V055 over time

Sales
Villa V055, 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, September 2009: AED 1,911,944 (AED 566 per sqft)Sold, June 2015: AED 5,250,000 (AED 1,555 per sqft)Sold, April 2024: AED 6,850,000 (AED 2,029 per sqft)

V055 has sold 3 times; the dashed line is the four-bed median of each year in the community.

Rents
Villa V055, 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 2012: AED 256,667 a yearNew contract, July 2013: AED 280,000 a yearNew contract, July 2014: AED 320,000 a yearNew contract, July 2015: AED 315,000 a yearRenewal, July 2016: AED 302,000 a yearRenewal, July 2017: AED 293,000 a yearRenewal, July 2018: AED 300,000 a yearRenewal, July 2019: AED 276,000 a yearRenewal, January 2021: AED 220,000 a yearNew contract, February 2022: AED 315,000 a yearRenewal, February 2023: AED 320,000 a yearRenewal, February 2024: AED 320,000 a yearRenewal, February 2024: AED 320,000 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 V055 sits

All 34 4-beds →

V055 last sold in April 2024 at AED 2,029 per sqft, in line with what four-beds in Deema 1 were fetching at the time (AED 2,052).

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 →

V055, Deema 1 in numbers

  • Sold 3 times: first on 9 September 2009 for AED 1,911,944, last on 15 April 2024 for AED 6,850,000 (AED 2,029 per sqft).
  • Rented since August 2012 on 13 Ejari contracts. The rent fell from AED 256,667 to AED 220,000 in 2021 and recovered to AED 320,000 by February 2024.
  • At AED 320,000 a year the gross yield on the 2024 price is 4.7%, before a service charge of about AED 12,100 a year (AED 3.58 per sqft).

Source: Dubai Land Department. Updated 15 April 2024.

Questions about V055, Deema 1

What did villa V055 last sell for?

AED 6,850,000 on 15 April 2024: AED 2,029 per sqft for 3,375 sqft. The villa has 3 registered sales; the first was AED 1,911,944 in September 2009.

What is the rent for villa V055?

AED 320,000 a year on the contract renewed on 5 February 2024. The previous contract, from February 2024, was AED 320,000; the villa has been rented since August 2012.

How big is villa V055?

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

What is villa V055 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 V055, Deema 1

Starts from the last sale price (AED 6.85M, 15 April 2024). Switch to today's estimate once you have unlocked it.
Price
AED 6,850,000
Deposit, UAE resident (20%)
AED 1,370,000
Deposit, non-resident (40%)
AED 2,740,000
Monthly over 25 years at 3.7%
AED 28,025

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