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3-bed · 2,531 sqftForat, The Lakes · completed 2005

V058, Forat

Sold prices and rental history: sold 4 times, last in October 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V058 · DLD and Ejari recordsUpdated 8 October 2024
Last soldAED 5.28M8 October 2024
Current rentAED 257K /yr7 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V058, Forat

What is V058 worth today?

Last sold for AED 5,280,000 in 2024

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8 Oct 2024SoldReady
AED 5,280,000AED 2,086 per sqft
7 Jul 2024RentedRenewal
AED 256,964/yr9 months · AED 102 per sqft
7 Jul 2023RentedRenewal
AED 245,000/yr12 months · AED 97 per sqft
7 Jul 2022RentedNew contract
AED 245,000/yr12 months · AED 97 per sqft
28 Oct 2021RentedNew contract
AED 225,000/yr12 months · AED 89 per sqft
7 Oct 2020RentedRenewal
AED 155,000/yr12 months · AED 61 per sqft
7 Oct 2019RentedNew contract
AED 165,000/yr12 months · AED 65 per sqft
1 Jul 2018RentedRenewal
AED 185,000/yr12 months · AED 73 per sqft

Source: Dubai Land Department. Updated 8 October 2024.

Key facts

Type
3-bed villa
Size
2,531 sqft
Developer
Emaar
Completed
2005
Service charge
AED 10,500 /yr
Last sold
AED 5.28M · October 2024
Community
Forat

About V058, Forat

V058 is a three-bedroom villa of 2,531 sqft in Forat, a villa community in The Lakes completed in 2005 by Emaar. It last sold on 8 October 2024 for AED 5,280,000, or AED 2,086 per sqft, in line with the AED 2,131 three-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 7 July 2024, is AED 256,964 a year: a gross yield of 4.9% on the 2024 price, before the service charge of about AED 10,500 a year.

Sales and rents for V058 over time

Sales
Villa V058, 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, June 2008: AED 2,513,337 (AED 1,304 per sqft)Sold, June 2008: AED 3,410,000 (AED 1,769 per sqft)Sold, June 2013: AED 3,800,000 (AED 1,971 per sqft)Sold, October 2024: AED 5,280,000 (AED 2,086 per sqft)

V058 has sold 4 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa V058, 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 2013: AED 225,000 a yearRenewal, August 2014: AED 210,000 a yearRenewal, July 2018: AED 185,000 a yearNew contract, October 2019: AED 165,000 a yearRenewal, October 2020: AED 155,000 a yearNew contract, October 2021: AED 225,000 a yearNew contract, July 2022: AED 245,000 a yearRenewal, July 2023: AED 245,000 a yearRenewal, July 2024: AED 256,964 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 V058 sits

All 59 3-beds →

V058 last sold in October 2024 at AED 2,086 per sqft, in line with what three-beds in Forat were fetching at the time (AED 2,131). V058's AED 256,964 is in the lower half of that range.

Recent 3-bed salesVilla no.Price (AED)Summary
8 Aug 20245,200,000
29 Apr 20246,500,000
20 Mar 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 →

V058, Forat in numbers

  • Sold 4 times: first on 17 June 2008 for AED 3,410,000, last on 8 October 2024 for AED 5,280,000 (AED 2,086 per sqft).
  • Rented since August 2013 on 9 Ejari contracts. The rent fell from AED 225,000 to AED 155,000 in 2020 and recovered to AED 256,964 by July 2024.
  • At AED 256,964 a year the gross yield on the 2024 price is 4.9%, before a service charge of about AED 10,500 a year (AED 4.14 per sqft).

Source: Dubai Land Department. Updated 8 October 2024.

Questions about V058, Forat

What did villa V058 last sell for?

AED 5,280,000 on 8 October 2024: AED 2,086 per sqft for 2,531 sqft. The villa has 4 registered sales; the first was AED 3,410,000 in June 2008.

What is the rent for villa V058?

AED 256,964 a year on the contract renewed on 7 July 2024. The previous contract, from July 2023, was AED 245,000; the villa has been rented since August 2013.

How big is villa V058?

2,531 sqft (235.1 sqm): a three-bedroom villa in Forat, completed in 2005.

What is villa V058 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 V058, Forat

Starts from the last sale price (AED 5.28M, 8 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 5,280,000
Deposit, UAE resident (20%)
AED 1,056,000
Deposit, non-resident (40%)
AED 2,112,000
Monthly over 25 years at 3.7%
AED 21,602

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