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

V059, Deema 1

Sold prices and rental history: sold twice, last in November 2020, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V059 · DLD and Ejari recordsUpdated 19 November 2020
Last soldAED 3.83M19 November 2020
Current rentAED 215K /yr1 October 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V059, Deema 1

What is V059 worth today?

Last sold for AED 3,825,000 in 2020

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19 Nov 2020SoldReady
AED 3,825,000AED 950 per sqft
1 Oct 2019RentedNew contract
AED 215,000/yr12 months · AED 53 per sqft
1 Sep 2018RentedRenewal
AED 270,000/yr12 months · AED 67 per sqft
1 Sep 2017RentedNew contract
AED 275,000/yr12 months · AED 68 per sqft
4 Jun 2016RentedNew contract
AED 310,000/yr12 months · AED 77 per sqft
7 Jul 2015RentedNew contract
AED 310,000/yr12 months · AED 77 per sqft
7 Jul 2014RentedNew contract
AED 310,000/yr12 months · AED 77 per sqft
5 Jan 2011Sold by developerReady
AED 1,851,444AED 460 per sqft

Source: Dubai Land Department. Updated 19 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 3.83M · November 2020
Community
Deema 1

About V059, Deema 1

V059 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 19 November 2020 for AED 3,825,000, or AED 950 per sqft, 6% below the AED 1,009 four-beds in the community were fetching at the time.

It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, signed on 1 October 2019, is AED 215,000 a year: a gross yield of 5.6% on the 2020 price, before the service charge of about AED 14,400 a year.

Sales and rents for V059 over time

Sales
Villa V059, 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, January 2011: AED 1,851,444 (AED 460 per sqft)Sold, November 2020: AED 3,825,000 (AED 950 per sqft)

V059 has sold twice; the dashed line is the four-bed median of each year in the community.

Rents
Villa V059, 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 310,000 a yearNew contract, July 2015: AED 310,000 a yearNew contract, June 2016: AED 310,000 a yearNew contract, September 2017: AED 275,000 a yearRenewal, September 2018: AED 270,000 a yearNew contract, October 2019: AED 215,000 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 V059 sits

All 34 4-beds →

V059 last sold in November 2020 at AED 950 per sqft, 6% below what four-beds in Deema 1 were fetching at the time (AED 1,009).

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 →

V059, Deema 1 in numbers

  • Sold twice: first on 5 January 2011 for AED 1,851,444, last on 19 November 2020 for AED 3,825,000 (AED 950 per sqft).
  • Rented since July 2014 on 6 Ejari contracts, from AED 310,000 to AED 215,000 a year.
  • At AED 215,000 a year the gross yield on the 2020 price is 5.6%, before a service charge of about AED 14,400 a year (AED 3.58 per sqft).

Source: Dubai Land Department. Updated 19 November 2020.

Questions about V059, Deema 1

What did villa V059 last sell for?

AED 3,825,000 on 19 November 2020: AED 950 per sqft for 4,024 sqft. The villa has 2 registered sales; the first was AED 1,851,444 in January 2011.

What is the rent for villa V059?

AED 215,000 a year on the contract signed on 1 October 2019. The previous contract, from September 2018, was AED 270,000; the villa has been rented since July 2014.

How big is villa V059?

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

What is villa V059 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 V059, Deema 1

Starts from the last sale price (AED 3.83M, 19 November 2020). Switch to today's estimate once you have unlocked it.
Price
AED 3,825,000
Deposit, UAE resident (20%)
AED 765,000
Deposit, non-resident (40%)
AED 1,530,000
Monthly over 25 years at 3.7%
AED 15,649

Plus AED 165,660 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →