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

V064, Deema 1

Sold prices and rental history: sold 5 times, last in July 2018, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V064 · DLD and Ejari recordsUpdated 9 July 2018
Last soldAED 4.53M9 July 2018
Current rentAED 283K /yr4 May 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V064, Deema 1

What is V064 worth today?

Last sold for AED 4,525,000 in 2018

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9 Jul 2018SoldReady
AED 4,525,000AED 1,340 per sqft
4 May 2017RentedRenewal
AED 283,000/yr12 months · AED 84 per sqft
4 May 2016RentedRenewal
AED 283,000/yr12 months · AED 84 per sqft
4 May 2015RentedRenewal
AED 283,000/yr12 months · AED 84 per sqft
4 May 2014RentedNew contract
AED 283,000/yr12 months · AED 84 per sqft
27 Jun 2013SoldReady
AED 5,000,000AED 1,481 per sqft
21 Mar 2013SoldReady
AED 4,637,500AED 1,374 per sqft
1 Jan 2012RentedNew contract
AED 235,000/yr13 months · AED 70 per sqft

Source: Dubai Land Department. Updated 9 July 2018.

Key facts

Type
3-bed villa
Size
3,375 sqft
Developer
Emaar
Completed
2003
Service charge
AED 12,100 /yr
Last sold
AED 4.53M · July 2018
Community
Deema 1

About V064, Deema 1

V064 is a three-bedroom villa of 3,375 sqft in Deema 1, a villa community in The Lakes completed in 2003 by Emaar. It last sold on 9 July 2018 for AED 4,525,000, or AED 1,340 per sqft.

It has been rented continuously since 2012 on 5 Ejari contracts. The current contract, renewed on 4 May 2017, is AED 283,000 a year: a gross yield of 6.3% on the 2018 price, before the service charge of about AED 12,100 a year.

Sales and rents for V064 over time

Sales
Villa V064, each saleTypical three-bed in Deema 1
2M4M6M2008201220162020Typical sale price by year: 2008 AED 3,378,888; 2009 AED 3,696,388; 2010 AED 3,392,888; 2011 AED 3,200,000; 2012 AED 3,900,000; 2013 AED 4,500,000; 2014 AED 4,999,000; 2015 AED 1,377,000; 2016 AED 4,200,000; 2022 AED 5,400,000Sold by developer, November 2008: AED 1,785,944 (AED 529 per sqft)Sold, December 2011: AED 3,550,000 (AED 1,051 per sqft)Sold, March 2013: AED 4,637,500 (AED 1,374 per sqft)Sold, June 2013: AED 5,000,000 (AED 1,481 per sqft)Sold, July 2018: AED 4,525,000 (AED 1,340 per sqft)

V064 has sold 5 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa V064, each contractTypical three-bed in Deema 1
200K300K2012201620202024Typical rent by year: 2012 AED 240,000; 2013 AED 245,000; 2014 AED 250,000; 2015 AED 255,000; 2016 AED 255,000; 2017 AED 250,000; 2018 AED 220,000; 2019 AED 220,000; 2020 AED 199,000; 2021 AED 206,250; 2022 AED 210,000; 2023 AED 245,000; 2024 AED 315,000; 2025 AED 350,000New contract, January 2012: AED 235,000 a yearNew contract, May 2014: AED 283,000 a yearRenewal, May 2015: AED 283,000 a yearRenewal, May 2016: AED 283,000 a yearRenewal, May 2017: AED 283,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the community.

3-beds in Deema 1, and where V064 sits

All 32 3-beds →
Recent 3-bed salesVilla no.Price (AED)Summary
16 Dec 20247,150,000
9 Dec 20225,900,000
16 Nov 20225,300,000
9 Sep 20224,900,000
0 3-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 →

V064, Deema 1 in numbers

  • Sold 5 times: first on 3 November 2008 for AED 1,785,944, last on 9 July 2018 for AED 4,525,000 (AED 1,340 per sqft).
  • Rented since January 2012 on 5 Ejari contracts, from AED 235,000 to AED 283,000 a year.
  • At AED 283,000 a year the gross yield on the 2018 price is 6.3%, before a service charge of about AED 12,100 a year (AED 3.58 per sqft).

Source: Dubai Land Department. Updated 9 July 2018.

Questions about V064, Deema 1

What did villa V064 last sell for?

AED 4,525,000 on 9 July 2018: AED 1,340 per sqft for 3,375 sqft. The villa has 5 registered sales; the first was AED 1,785,944 in November 2008.

What is the rent for villa V064?

AED 283,000 a year on the contract renewed on 4 May 2017. The previous contract, from May 2016, was AED 283,000; the villa has been rented since January 2012.

How big is villa V064?

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

What is villa V064 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 V064, Deema 1

Starts from the last sale price (AED 4.53M, 9 July 2018). Switch to today's estimate once you have unlocked it.
Price
AED 4,525,000
Deposit, UAE resident (20%)
AED 905,000
Deposit, non-resident (40%)
AED 1,810,000
Monthly over 25 years at 3.7%
AED 18,513

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