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4-bed · 4,024 sqftDeema 2, The Lakes · completed 2003

V068, Deema 2

Sold prices and rental history: sold 3 times, last in November 2016, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V068 · DLD and Ejari recordsUpdated 16 July 2024
Last soldAED 4.85M28 November 2016
Current rentAED 310K /yr16 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V068, Deema 2

What is V068 worth today?

Last sold for AED 4,850,000 in 2016

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16 Jul 2024RentedRenewal
AED 310,000/yr24 months · AED 77 per sqft
15 Jul 2023RentedNew contract
AED 261,796/yr12 months · AED 65 per sqft
15 Jul 2023RentedRenewal · flagged as an outlier
AED 2,620,000/yr12 months · AED 651 per sqft
14 Jul 2022RentedNew contract
AED 249,330/yr12 months · AED 62 per sqft
13 Jul 2021RentedRenewal
AED 220,000/yr12 months · AED 55 per sqft
13 Jul 2020RentedNew contract
AED 215,000/yr12 months · AED 53 per sqft
28 Nov 2016SoldReady
AED 4,850,000AED 1,205 per sqft
11 Feb 2015RentedNew contract
AED 282,178/yr12 months · AED 70 per sqft

Source: Dubai Land Department. Updated 16 July 2024.

Key facts

Type
4-bed villa
Size
4,024 sqft
Developer
Emaar
Completed
2003
Service charge
AED 14,400 /yr
Last sold
AED 4.85M · November 2016
Community
Deema 2

About V068, Deema 2

V068 is a four-bedroom villa of 4,024 sqft in Deema 2, a villa community in The Lakes completed in 2003 by Emaar. It last sold on 28 November 2016 for AED 4,850,000, or AED 1,205 per sqft, in line with the AED 1,240 four-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, renewed on 16 July 2024, is AED 310,000 a year: a gross yield of 6.4% on the 2016 price, before the service charge of about AED 14,400 a year.

Sales and rents for V068 over time

Sales
Villa V068, each saleTypical four-bed in Deema 2
05M10M2008201320182023Typical sale price by year: 2008 AED 3,759,888; 2009 AED 4,007,846; 2010 AED 3,050,000; 2011 AED 3,300,000; 2013 AED 5,075,000; 2015 AED 1,431,000; 2016 AED 4,990,000; 2017 AED 5,000,000; 2022 AED 5,150,000; 2025 AED 11,850,000Sold by developer, June 2008: AED 3,800,000 (AED 944 per sqft)Sold, June 2008: AED 5,150,000 (AED 1,279 per sqft)Sold, November 2016: AED 4,850,000 (AED 1,205 per sqft)

V068 has sold 3 times; the dashed line is the four-bed median of each year in the community.

Rents
Villa V068, each contractTypical four-bed in Deema 2
200K250K300K2012201620202024Typical rent by year: 2012 AED 257,500; 2013 AED 280,000; 2014 AED 285,000; 2015 AED 300,000; 2016 AED 285,000; 2017 AED 292,500; 2018 AED 280,000; 2019 AED 257,500; 2020 AED 227,500; 2021 AED 238,000; 2022 AED 249,665; 2023 AED 261,796; 2024 AED 286,000; 2025 AED 292,586New contract, February 2013: AED 285,000 a yearNew contract, February 2014: AED 285,000 a yearNew contract, February 2015: AED 282,178 a yearNew contract, July 2020: AED 215,000 a yearRenewal, July 2021: AED 220,000 a yearNew contract, July 2022: AED 249,330 a yearNew contract, July 2023: AED 261,796 a yearRenewal, July 2024: AED 310,000 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 2, and where V068 sits

All 30 4-beds →

V068 last sold in November 2016 at AED 1,205 per sqft, in line with what four-beds in Deema 2 were fetching at the time (AED 1,240).

Recent 4-bed salesVilla no.Price (AED)Summary
24 Oct 202510,350,000
1 Sep 202512,500,000
6 Aug 202515,800,000
2 Jul 202511,200,000
0 4-bed sales in the last 12 months

Deema 2

Community

53 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
Few contracts
Typical yield
Deema 2, The Lakes: prices, sales and rents →

V068, Deema 2 in numbers

  • Sold 3 times: first on 17 June 2008 for AED 5,150,000, last on 28 November 2016 for AED 4,850,000 (AED 1,205 per sqft).
  • Rented since February 2013 on 9 Ejari contracts. The rent fell from AED 285,000 to AED 215,000 in 2020 and recovered to AED 310,000 by July 2024.
  • At AED 310,000 a year the gross yield on the 2016 price is 6.4%, before a service charge of about AED 14,400 a year (AED 3.58 per sqft).

Source: Dubai Land Department. Updated 16 July 2024.

Questions about V068, Deema 2

What did villa V068 last sell for?

AED 4,850,000 on 28 November 2016: AED 1,205 per sqft for 4,024 sqft. The villa has 3 registered sales; the first was AED 5,150,000 in June 2008.

What is the rent for villa V068?

AED 310,000 a year on the contract renewed on 16 July 2024. The previous contract, from July 2023, was AED 261,796; the villa has been rented since February 2013.

How big is villa V068?

4,024 sqft (373.8 sqm): a four-bedroom villa in Deema 2, completed in 2003.

What is villa V068 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 V068, Deema 2

Starts from the last sale price (AED 4.85M, 28 November 2016). Switch to today's estimate once you have unlocked it.
Price
AED 4,850,000
Deposit, UAE resident (20%)
AED 970,000
Deposit, non-resident (40%)
AED 1,940,000
Monthly over 25 years at 3.7%
AED 19,843

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