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3-bed · 3,163 sqftDeema 4, The Lakes · completed 2003

V229, Deema 4

Sold prices and rental history: sold once, by the developer in September 2008, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V229 · DLD and Ejari recordsUpdated 7 December 2024
Last soldAED 1.62M7 September 2008
Current rentAED 290K /yr7 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V229, Deema 4

What is V229 worth today?

Last sold for AED 1,623,972 in 2008

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7 Dec 2024RentedRenewal
AED 290,000/yr12 months · AED 92 per sqft
7 Dec 2023RentedRenewal
AED 264,000/yr12 months · AED 83 per sqft
28 Aug 2020RentedRenewal
AED 195,000/yr12 months · AED 62 per sqft
28 Aug 2019RentedNew contract
AED 205,000/yr12 months · AED 65 per sqft
21 May 2018RentedRenewal
AED 240,000/yr12 months · AED 76 per sqft
21 May 2017RentedRenewal
AED 250,000/yr12 months · AED 79 per sqft
21 May 2016RentedRenewal
AED 270,000/yr12 months · AED 85 per sqft
21 May 2015RentedNew contract
AED 270,000/yr12 months · AED 85 per sqft

Source: Dubai Land Department. Updated 7 December 2024.

Key facts

Type
3-bed villa
Size
3,163 sqft
Developer
Emaar
Completed
2003
Service charge
AED 11,300 /yr
Last sold
AED 1.62M · September 2008
Community
Deema 4

About V229, Deema 4

V229 is a three-bedroom villa of 3,163 sqft in Deema 4, a villa community in The Lakes completed in 2003 by Emaar. The developer sold it on 7 September 2008 for AED 1,623,972, or AED 513 per sqft, 53% below the AED 1,088 three-beds in the community were fetching at the time.

It has been rented continuously since 2015 on 8 Ejari contracts. The current contract, renewed on 7 December 2024, is AED 290,000 a year: a gross yield of 17.9% on the 2008 price, before the service charge of about AED 11,300 a year.

Sales and rents for V229 over time

Sales
Villa V229, each saleTypical three-bed in Deema 4
2M4M2008201020122014Typical sale price by year: 2008 AED 3,388,888; 2009 AED 3,366,888; 2010 AED 3,305,444; 2011 AED 3,300,000; 2012 AED 3,550,000; 2013 AED 3,930,000; 2014 AED 5,000,000Sold by developer, September 2008: AED 1,623,972 (AED 513 per sqft)

V229 has sold once; the dashed line is the three-bed median of each year in the community.

Rents
Villa V229, each contractTypical three-bed in Deema 4
200K300K2012201620202024Typical rent by year: 2012 AED 255,000; 2013 AED 252,500; 2014 AED 260,000; 2015 AED 270,000; 2016 AED 256,500; 2017 AED 249,118; 2018 AED 240,000; 2019 AED 210,000; 2020 AED 192,500; 2021 AED 212,625; 2022 AED 240,000; 2023 AED 233,500; 2024 AED 290,000; 2025 AED 312,500New contract, May 2015: AED 270,000 a yearRenewal, May 2016: AED 270,000 a yearRenewal, May 2017: AED 250,000 a yearRenewal, May 2018: AED 240,000 a yearNew contract, August 2019: AED 205,000 a yearRenewal, August 2020: AED 195,000 a yearRenewal, December 2023: AED 264,000 a yearRenewal, December 2024: AED 290,000 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 4, and where V229 sits

All 31 3-beds →

V229 last sold in September 2008 at AED 513 per sqft, 53% below what three-beds in Deema 4 were fetching at the time (AED 1,088). Over the last 12 months three-beds sold for AED 10,600,000, around AED 3,350 per sqft.

Recent 3-bed salesVilla no.Price (AED)Summary
16 Dec 202510,600,000
27 Feb 20257,530,000
9 Dec 20246,300,000
24 Aug 20234,975,000
1 3-bed sale in the last 12 months

Deema 4

Community

57 villas, 3-bed to 4-bed in The Lakes, completed in 2003 by Emaar. 2 sold in the last 12 months.

Typical price per sqft
AED 3,082
Typical sale
AED 10.05M
Typical rent
AED 340K /yr
Typical yield
2.7%
Deema 4, The Lakes: prices, sales and rents →

V229, Deema 4 in numbers

  • Sold once: by Emaar on 7 September 2008 for AED 1,623,972, or AED 513 per sqft.
  • Rented since May 2015 on 8 Ejari contracts. The rent fell from AED 270,000 to AED 195,000 in 2020 and recovered to AED 290,000 by December 2024.
  • At AED 290,000 a year the gross yield on the 2008 price is 17.9%, before a service charge of about AED 11,300 a year (AED 3.58 per sqft).
  • Three-beds in Deema 4 sold for AED 10,600,000–10,600,000 in the 12 months to November 2026; the community's median across all types is AED 3,082 per sqft.

Source: Dubai Land Department. Updated 7 December 2024.

Questions about V229, Deema 4

What did villa V229 last sell for?

AED 1,623,972 on 7 September 2008, sold by the developer: AED 513 per sqft for 3,163 sqft. It is the only registered sale of the villa.

What is the rent for villa V229?

AED 290,000 a year on the contract renewed on 7 December 2024. The previous contract, from December 2023, was AED 264,000; the villa has been rented since May 2015.

How big is villa V229?

3,163 sqft (293.9 sqm): a three-bedroom villa in Deema 4, completed in 2003.

What is villa V229 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Deema 4 sold for AED 10,600,000 to 10,600,000 in the last 12 months, around AED 3,350 per sqft.

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Mortgage on V229, Deema 4

Starts from the last sale price (AED 1.62M, 7 September 2008). Switch to today's estimate once you have unlocked it.
Price
AED 1,623,972
Deposit, UAE resident (20%)
AED 324,794
Deposit, non-resident (40%)
AED 649,589
Monthly over 25 years at 3.7%
AED 6,644

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