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3-bed · 2,696 sqftMaeen, The Lakes · completed 2005

V001, Maeen

Sold prices and rental history: sold twice, last in February 2016, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V001 · DLD and Ejari recordsUpdated 2 July 2018
Last soldAED 3.4M25 February 2016
Current rentAED 180K /yr2 July 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V001, Maeen

What is V001 worth today?

Last sold for AED 3,400,000 in 2016

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2 Jul 2018RentedNew contract
AED 180,000/yr12 months · AED 67 per sqft
25 Feb 2016SoldReady
AED 3,400,000AED 1,261 per sqft
7 Oct 2015RentedRenewal
AED 220,000/yr12 months · AED 82 per sqft
7 Oct 2014RentedNew contract
AED 220,000/yr12 months · AED 82 per sqft
10 Mar 2013Sold by developerReady
AED 1,305,444AED 960 per sqft

Source: Dubai Land Department. Updated 2 July 2018.

Key facts

Type
3-bed villa
Size
2,696 sqft
Developer
Emaar
Completed
2005
Service charge
AED 11,200 /yr
Last sold
AED 3.4M · February 2016
Community
Maeen

About V001, Maeen

V001 is a three-bedroom villa of 2,696 sqft in Maeen, a villa community in The Lakes completed in 2005 by Emaar. It last sold on 25 February 2016 for AED 3,400,000, or AED 1,261 per sqft, in line with the AED 1,264 three-beds in the community were fetching at the time.

It has been rented since 2014 on 3 Ejari contracts. The current contract, signed on 2 July 2018, is AED 180,000 a year: a gross yield of 5.3% on the 2016 price, before the service charge of about AED 11,200 a year.

Sales and rents for V001 over time

Sales
Villa V001, each saleTypical three-bed in Maeen
2.5M5M2008201320182023Typical sale price by year: 2008 AED 2,652,888; 2009 AED 2,631,866; 2010 AED 2,629,888; 2011 AED 2,532,771; 2012 AED 2,925,000; 2013 AED 3,350,000; 2014 AED 4,050,000; 2015 AED 3,300,000; 2016 AED 3,237,500; 2017 AED 3,275,000; 2018 AED 2,950,000; 2019 AED 2,625,247; 2020 AED 2,425,000; 2021 AED 3,200,000; 2022 AED 3,950,000; 2023 AED 4,975,000; 2024 AED 5,790,000; 2025 AED 6,450,000Sold by developer, March 2013: AED 1,305,444 (AED 960 per sqft)Sold, February 2016: AED 3,400,000 (AED 1,261 per sqft)

V001 has sold twice; the dashed line is the three-bed median of each year in the community.

Rents
Villa V001, each contractTypical three-bed in Maeen
200K300K20112015201920232027Typical rent by year: 2011 AED 184,083; 2012 AED 190,000; 2013 AED 200,000; 2014 AED 220,000; 2015 AED 221,500; 2016 AED 215,000; 2017 AED 210,000; 2018 AED 190,000; 2019 AED 175,385; 2020 AED 165,000; 2021 AED 170,000; 2022 AED 190,000; 2023 AED 212,500; 2024 AED 262,500; 2025 AED 275,000; 2026 AED 307,500New contract, October 2014: AED 220,000 a yearRenewal, October 2015: AED 220,000 a yearNew contract, July 2018: 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 Maeen, and where V001 sits

All 181 3-beds →

V001 last sold in February 2016 at AED 1,261 per sqft, in line with what three-beds in Maeen were fetching at the time (AED 1,264). Over the last 12 months three-beds sold for AED 7,000,000 to 16,700,000, around AED 3,556 per sqft, and rent for AED 160,000 to 750,000 a year. V001's AED 180,000 is in the lower half of that range.

Recent 3-bed salesVilla no.Price (AED)Summary
9 Feb 202616,700,000
7 Jan 20267,000,000
29 Oct 20255,600,000
9 Oct 202511,500,000
2 3-bed sales in the last 12 months

Maeen

Community

261 villas, 2-bed to 5-bed in The Lakes, completed in 2005 by Emaar. 3 sold in the last 12 months.

Typical price per sqft
AED 4,518
Typical sale
AED 16.7M
Typical rent
AED 308K /yr
Typical yield
2.5%
Maeen, The Lakes: prices, sales and rents →

V001, Maeen in numbers

  • Sold twice: first on 10 March 2013 for AED 1,305,444, last on 25 February 2016 for AED 3,400,000 (AED 1,261 per sqft).
  • Rented since October 2014 on 3 Ejari contracts, from AED 220,000 to AED 180,000 a year.
  • At AED 180,000 a year the gross yield on the 2016 price is 5.3%, before a service charge of about AED 11,200 a year (AED 4.14 per sqft).
  • Three-beds in Maeen sold for AED 7,000,000–16,700,000 in the 12 months to November 2026; the community's median across all types is AED 4,518 per sqft.

Source: Dubai Land Department. Updated 2 July 2018.

Questions about V001, Maeen

What did villa V001 last sell for?

AED 3,400,000 on 25 February 2016: AED 1,261 per sqft for 2,696 sqft. The villa has 2 registered sales; the first was AED 1,305,444 in March 2013.

What is the rent for villa V001?

AED 180,000 a year on the contract signed on 2 July 2018. The previous contract, from October 2015, was AED 220,000; the villa has been rented since October 2014.

How big is villa V001?

2,696 sqft (250.5 sqm): a three-bedroom villa in Maeen, completed in 2005.

What is villa V001 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Maeen sold for AED 7,000,000 to 16,700,000 in the last 12 months, around AED 3,556 per sqft.

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Mortgage on V001, Maeen

Starts from the last sale price (AED 3.4M, 25 February 2016). Switch to today's estimate once you have unlocked it.
Price
AED 3,400,000
Deposit, UAE resident (20%)
AED 680,000
Deposit, non-resident (40%)
AED 1,360,000
Monthly over 25 years at 3.7%
AED 13,910

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