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3-bed · 2,875 sqftForat, The Lakes · completed 2005

V002, Forat

Sold prices and rental history: sold 3 times, last in March 2024, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V002 · DLD and Ejari recordsUpdated 18 March 2024
Last soldAED 6.3M18 March 2024
Current rentAED 175K /yr14 December 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V002, Forat

What is V002 worth today?

Last sold for AED 6,300,000 in 2024

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18 Mar 2024SoldReady
AED 6,300,000AED 2,191 per sqft
10 Dec 2020SoldReady
AED 2,675,000AED 930 per sqft
14 Dec 2019RentedRenewal
AED 175,000/yr12 months · AED 61 per sqft
14 Dec 2018RentedRenewal
AED 185,000/yr12 months · AED 64 per sqft
14 Dec 2017RentedNew contract
AED 185,000/yr12 months · AED 64 per sqft
1 Aug 2015RentedRenewal
AED 215,000/yr12 months · AED 75 per sqft
1 Aug 2014RentedNew contract
AED 215,000/yr12 months · AED 75 per sqft
23 Mar 2010Sold by developerReady
AED 3,118,888AED 1,525 per sqft

Source: Dubai Land Department. Updated 18 March 2024.

Key facts

Type
3-bed villa
Size
2,875 sqft
Developer
Emaar
Completed
2005
Service charge
AED 11,900 /yr
Last sold
AED 6.3M · March 2024
Community
Forat

About V002, Forat

V002 is a three-bedroom villa of 2,875 sqft in Forat, a villa community in The Lakes completed in 2005 by Emaar. It last sold on 18 March 2024 for AED 6,300,000, or AED 2,191 per sqft, 26% above the AED 1,735 three-beds in the community were fetching at the time.

It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, renewed on 14 December 2019, is AED 175,000 a year: a gross yield of 2.8% on the 2024 price, before the service charge of about AED 11,900 a year.

Sales and rents for V002 over time

Sales
Villa V002, each saleTypical three-bed in Forat
2M4M6M2008201320182023Typical sale price by year: 2008 AED 2,513,337; 2009 AED 2,635,591; 2010 AED 2,737,955; 2011 AED 2,825,000; 2012 AED 3,050,000; 2013 AED 3,200,000; 2014 AED 4,400,000; 2015 AED 3,750,000; 2020 AED 2,637,500; 2021 AED 3,487,500; 2022 AED 3,850,000; 2023 AED 4,100,000; 2024 AED 6,300,000Sold by developer, March 2010: AED 3,118,888 (AED 1,525 per sqft)Sold, December 2020: AED 2,675,000 (AED 930 per sqft)Sold, March 2024: AED 6,300,000 (AED 2,191 per sqft)

V002 has sold 3 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa V002, each contractTypical three-bed in Forat
200K300K2012201620202024Typical rent by year: 2012 AED 200,000; 2013 AED 210,000; 2014 AED 220,000; 2015 AED 230,000; 2016 AED 223,757; 2017 AED 214,725; 2018 AED 200,000; 2019 AED 180,000; 2020 AED 167,500; 2021 AED 169,000; 2022 AED 180,000; 2023 AED 234,500; 2024 AED 265,000; 2025 AED 282,500New contract, August 2014: AED 215,000 a yearRenewal, August 2015: AED 215,000 a yearNew contract, December 2017: AED 185,000 a yearRenewal, December 2018: AED 185,000 a yearRenewal, December 2019: AED 175,000 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 Forat, and where V002 sits

All 59 3-beds →

V002 last sold in March 2024 at AED 2,191 per sqft, 26% above what three-beds in Forat were fetching at the time (AED 1,735). V002's AED 175,000 is at the bottom of that range.

Recent 3-bed salesVilla no.Price (AED)Summary
8 Oct 20245,280,000
8 Aug 20245,200,000
29 Apr 20246,500,000
20 Mar 20246,500,000
0 3-bed sales in the last 12 months

Forat

Community

60 villas, 2-bed to 3-bed in The Lakes, completed in 2005 by Emaar. No sale in the last 12 months.

Typical price per sqft
Few sales
Typical sale
Few sales
Typical rent
AED 263K /yr
Typical yield
Forat, The Lakes: prices, sales and rents →

V002, Forat in numbers

  • Sold 3 times: first on 23 March 2010 for AED 3,118,888, last on 18 March 2024 for AED 6,300,000 (AED 2,191 per sqft).
  • Rented since August 2014 on 5 Ejari contracts, from AED 215,000 to AED 175,000 a year.
  • At AED 175,000 a year the gross yield on the 2024 price is 2.8%, before a service charge of about AED 11,900 a year (AED 4.14 per sqft).

Source: Dubai Land Department. Updated 18 March 2024.

Questions about V002, Forat

What did villa V002 last sell for?

AED 6,300,000 on 18 March 2024: AED 2,191 per sqft for 2,875 sqft. The villa has 3 registered sales; the first was AED 3,118,888 in March 2010.

What is the rent for villa V002?

AED 175,000 a year on the contract renewed on 14 December 2019. The previous contract, from December 2018, was AED 185,000; the villa has been rented since August 2014.

How big is villa V002?

2,875 sqft (267.1 sqm): a three-bedroom villa in Forat, completed in 2005.

What is villa V002 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 V002, Forat

Starts from the last sale price (AED 6.3M, 18 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 6,300,000
Deposit, UAE resident (20%)
AED 1,260,000
Deposit, non-resident (40%)
AED 2,520,000
Monthly over 25 years at 3.7%
AED 25,775

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