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4-bed · 5,214 sqftHattan 1, The Lakes · completed 2009

V23, Hattan 1

Sold prices and rental history: sold 4 times, last in January 2021, and rented once, from July 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V23 · DLD and Ejari recordsUpdated 17 January 2021
Last soldAED 7.25M17 January 2021
Current rentAED 350K /yr1 July 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V23, Hattan 1

What is V23 worth today?

Last sold for AED 7,250,000 in 2021

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17 Jan 2021SoldReady
AED 7,250,000AED 1,390 per sqft
1 Jul 2019RentedNew contract
AED 350,000/yr24 months · AED 67 per sqft
11 Aug 2010SoldReady
AED 3,450,000AED 661 per sqft
10 Jun 2008Sold by developerReady
AED 4,750,000AED 911 per sqft
10 Jun 2008SoldReady
AED 4,500,000AED 863 per sqft

Source: Dubai Land Department. Updated 17 January 2021.

Key facts

Type
4-bed villa
Size
5,214 sqft
Developer
Emaar
Completed
2009
Service charge
AED 21,600 /yr
Last sold
AED 7.25M · January 2021
Community
Hattan 1

About V23, Hattan 1

V23 is a four-bedroom villa of 5,214 sqft in Hattan 1, a villa community in The Lakes completed in 2009 by Emaar. It last sold on 17 January 2021 for AED 7,250,000, or AED 1,390 per sqft, 8% above the AED 1,284 four-beds in the community were fetching at the time.

One Ejari contract is registered, from 1 July 2019. The current contract, signed on 1 July 2019, is AED 350,000 a year: a gross yield of 4.8% on the 2021 price, before the service charge of about AED 21,600 a year.

Sales and rents for V23 over time

Sales
Villa V23, each saleTypical four-bed in Hattan 1
5M10M20062010201420182022Typical sale price by year: 2006 AED 2,375,888; 2007 AED 2,922,888; 2008 AED 4,625,000; 2009 AED 3,424,444; 2010 AED 3,450,000; 2011 AED 5,700,000; 2012 AED 5,586,444; 2013 AED 8,000,000; 2014 AED 12,400,000; 2017 AED 10,600,000; 2020 AED 5,500,000; 2021 AED 12,000,000Sold by developer, June 2008: AED 4,750,000 (AED 911 per sqft)Sold, June 2008: AED 4,500,000 (AED 863 per sqft)Sold, August 2010: AED 3,450,000 (AED 661 per sqft)Sold, January 2021: AED 7,250,000 (AED 1,390 per sqft)

V23 has sold 4 times; the dashed line is the four-bed median of each year in the community.

Rents
Villa V23, each contractTypical four-bed in Hattan 1
400K600K2012201620202024Typical rent by year: 2012 AED 343,000; 2013 AED 400,000; 2014 AED 480,000; 2015 AED 415,000; 2016 AED 350,000; 2017 AED 380,000; 2018 AED 420,000; 2019 AED 340,000; 2020 AED 370,000; 2021 AED 428,698; 2022 AED 500,000; 2023 AED 499,375; 2024 AED 566,844; 2025 AED 582,500; 2026 AED 585,000New contract, July 2019: AED 350,000 a year

Annual rent on each registered contract; the dashed line is the four-bed median of each year in the community.

4-beds in Hattan 1, and where V23 sits

All 37 4-beds →

V23 last sold in January 2021 at AED 1,390 per sqft, 8% above what four-beds in Hattan 1 were fetching at the time (AED 1,284). Over the last 12 months four-beds sold for AED 29,000,000, around AED 4,858 per sqft, and rent for AED 250,000 to 665,000 a year. V23's AED 350,000 is in the lower half of that range.

Recent 4-bed salesVilla no.Price (AED)Summary
9 Dec 202529,000,000
21 Mar 202515,775,000
30 Oct 202416,000,000
26 Apr 202416,250,000
1 4-bed sale in the last 12 months

Hattan 1

Community

50 villas, 4-bed to 5-bed in The Lakes, completed in 2009 by Emaar. 1 sold in the last 12 months.

Typical price per sqft
AED 4,858
Typical sale
AED 29M
Typical rent
AED 585K /yr
Typical yield
2.5%
Hattan 1, The Lakes: prices, sales and rents →

V23, Hattan 1 in numbers

  • Sold 4 times: first on 10 June 2008 for AED 4,500,000, last on 17 January 2021 for AED 7,250,000 (AED 1,390 per sqft).
  • Rented since July 2019 on one Ejari contract, at AED 350,000 a year.
  • At AED 350,000 a year the gross yield on the 2021 price is 4.8%, before a service charge of about AED 21,600 a year (AED 4.14 per sqft).
  • Four-beds in Hattan 1 sold for AED 29,000,000–29,000,000 in the 12 months to November 2026; the community's median across all types is AED 4,858 per sqft.

Source: Dubai Land Department. Updated 17 January 2021.

Questions about V23, Hattan 1

What did villa V23 last sell for?

AED 7,250,000 on 17 January 2021: AED 1,390 per sqft for 5,214 sqft. The villa has 4 registered sales; the first was AED 4,500,000 in June 2008.

What is the rent for villa V23?

AED 350,000 a year on the contract signed on 1 July 2019.

How big is villa V23?

5,214 sqft (484.4 sqm): a four-bedroom villa in Hattan 1, completed in 2009.

What is villa V23 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Four-beds in Hattan 1 sold for AED 29,000,000 to 29,000,000 in the last 12 months, around AED 4,858 per sqft.

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Mortgage on V23, Hattan 1

Starts from the last sale price (AED 7.25M, 17 January 2021). Switch to today's estimate once you have unlocked it.
Price
AED 7,250,000
Deposit, UAE resident (20%)
AED 1,450,000
Deposit, non-resident (40%)
AED 2,900,000
Monthly over 25 years at 3.7%
AED 29,662

Plus AED 309,510 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →