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3-bed · 2,846 sqftForat, The Lakes · completed 2005

V026, Forat

Sold prices and rental history: sold 4 times, last in July 2022, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V026 · DLD and Ejari recordsUpdated 29 July 2022
Last soldAED 3.85M29 July 2022
Current rentAED 180K /yr1 May 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V026, Forat

What is V026 worth today?

Last sold for AED 3,850,000 in 2022

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29 Jul 2022SoldReady
AED 3,850,000AED 1,352 per sqft
1 May 2022RentedRenewal
AED 180,000/yr12 months · AED 63 per sqft
1 May 2021RentedRenewal
AED 180,000/yr12 months · AED 63 per sqft
1 May 2020RentedNew contract
AED 180,000/yr12 months · AED 63 per sqft
1 May 2019RentedNew contract
AED 180,000/yr12 months · AED 63 per sqft
29 Apr 2014SoldReady
AED 4,750,000AED 1,669 per sqft
15 Feb 2009SoldReady
AED 4,400,000AED 1,546 per sqft
13 Aug 2008Sold by developerReady
AED 3,214,000AED 1,129 per sqft

Source: Dubai Land Department. Updated 29 July 2022.

Key facts

Type
3-bed villa
Size
2,846 sqft
Developer
Emaar
Completed
2005
Service charge
AED 11,800 /yr
Last sold
AED 3.85M · July 2022
Community
Forat

About V026, Forat

V026 is a three-bedroom villa of 2,846 sqft in Forat, a villa community in The Lakes completed in 2005 by Emaar. It last sold on 29 July 2022 for AED 3,850,000, or AED 1,352 per sqft, 7% below the AED 1,454 three-beds in the community were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 1 May 2022, is AED 180,000 a year: a gross yield of 4.7% on the 2022 price, before the service charge of about AED 11,800 a year.

Sales and rents for V026 over time

Sales
Villa V026, 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 2008: AED 3,214,000 (AED 1,129 per sqft)Sold, February 2009: AED 4,400,000 (AED 1,546 per sqft)Sold, April 2014: AED 4,750,000 (AED 1,669 per sqft)Sold, July 2022: AED 3,850,000 (AED 1,352 per sqft)

V026 has sold 4 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa V026, 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 2019: AED 180,000 a yearNew contract, May 2020: AED 180,000 a yearRenewal, May 2021: AED 180,000 a yearRenewal, May 2022: AED 180,000 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 V026 sits

All 59 3-beds →

V026 last sold in July 2022 at AED 1,352 per sqft, 7% below what three-beds in Forat were fetching at the time (AED 1,454). V026's AED 180,000 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 →

V026, Forat in numbers

  • Sold 4 times: first on 13 August 2008 for AED 3,214,000, last on 29 July 2022 for AED 3,850,000 (AED 1,352 per sqft).
  • Rented since May 2019 on 4 Ejari contracts, at AED 180,000 a year.
  • At AED 180,000 a year the gross yield on the 2022 price is 4.7%, before a service charge of about AED 11,800 a year (AED 4.14 per sqft).

Source: Dubai Land Department. Updated 29 July 2022.

Questions about V026, Forat

What did villa V026 last sell for?

AED 3,850,000 on 29 July 2022: AED 1,352 per sqft for 2,846 sqft. The villa has 4 registered sales; the first was AED 3,214,000 in August 2008.

What is the rent for villa V026?

AED 180,000 a year on the contract renewed on 1 May 2022. The previous contract, from May 2021, was AED 180,000; the villa has been rented since May 2019.

How big is villa V026?

2,846 sqft (264.4 sqm): a three-bedroom villa in Forat, completed in 2005.

What is villa V026 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 V026, Forat

Starts from the last sale price (AED 3.85M, 29 July 2022). Switch to today's estimate once you have unlocked it.
Price
AED 3,850,000
Deposit, UAE resident (20%)
AED 770,000
Deposit, non-resident (40%)
AED 1,540,000
Monthly over 25 years at 3.7%
AED 15,752

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