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3-bed · 2,907 sqftForat, The Lakes · completed 2005

V007, Forat

Sold prices and rental history: sold 4 times, last in March 2024, and rented once, from May 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V007 · DLD and Ejari recordsUpdated 20 March 2024
Last soldAED 6.5M20 March 2024
Current rentAED 220K /yr24 May 2012
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V007, Forat

What is V007 worth today?

Last sold for AED 6,500,000 in 2024

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20 Mar 2024SoldReady
AED 6,500,000AED 2,235 per sqft
30 Mar 2022SoldReady
AED 4,850,000AED 1,668 per sqft
1 Jul 2013SoldReady
AED 4,100,000AED 1,410 per sqft
24 May 2012RentedNew contract
AED 220,000/yr12 months · AED 76 per sqft
9 Aug 2010Sold by developerReady
AED 3,167,888AED 1,089 per sqft

Source: Dubai Land Department. Updated 20 March 2024.

Key facts

Type
3-bed villa
Size
2,907 sqft
Developer
Emaar
Completed
2005
Service charge
AED 12,000 /yr
Last sold
AED 6.5M · March 2024
Community
Forat

About V007, Forat

V007 is a three-bedroom villa of 2,907 sqft in Forat, a villa community in The Lakes completed in 2005 by Emaar. It last sold on 20 March 2024 for AED 6,500,000, or AED 2,235 per sqft, 22% above the AED 1,831 three-beds in the community were fetching at the time.

One Ejari contract is registered, from 24 May 2012. The current contract, signed on 24 May 2012, is AED 220,000 a year: a gross yield of 3.4% on the 2024 price, before the service charge of about AED 12,000 a year.

Sales and rents for V007 over time

Sales
Villa V007, 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, August 2010: AED 3,167,888 (AED 1,089 per sqft)Sold, July 2013: AED 4,100,000 (AED 1,410 per sqft)Sold, March 2022: AED 4,850,000 (AED 1,668 per sqft)Sold, March 2024: AED 6,500,000 (AED 2,235 per sqft)

V007 has sold 4 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa V007, 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, May 2012: AED 220,000 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 V007 sits

All 59 3-beds →

V007 last sold in March 2024 at AED 2,235 per sqft, 22% above what three-beds in Forat were fetching at the time (AED 1,831). V007's AED 220,000 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
18 Mar 20246,300,000
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 →

V007, Forat in numbers

  • Sold 4 times: first on 9 August 2010 for AED 3,167,888, last on 20 March 2024 for AED 6,500,000 (AED 2,235 per sqft).
  • Rented since May 2012 on one Ejari contract, at AED 220,000 a year.
  • At AED 220,000 a year the gross yield on the 2024 price is 3.4%, before a service charge of about AED 12,000 a year (AED 4.14 per sqft).

Source: Dubai Land Department. Updated 20 March 2024.

Questions about V007, Forat

What did villa V007 last sell for?

AED 6,500,000 on 20 March 2024: AED 2,235 per sqft for 2,907 sqft. The villa has 4 registered sales; the first was AED 3,167,888 in August 2010.

What is the rent for villa V007?

AED 220,000 a year on the contract signed on 24 May 2012.

How big is villa V007?

2,907 sqft (270.1 sqm): a three-bedroom villa in Forat, completed in 2005.

What is villa V007 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 V007, Forat

Starts from the last sale price (AED 6.5M, 20 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 6,500,000
Deposit, UAE resident (20%)
AED 1,300,000
Deposit, non-resident (40%)
AED 2,600,000
Monthly over 25 years at 3.7%
AED 26,594

Plus AED 278,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →