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3-bed · 2,525 sqftMaeen, The Lakes · completed 2005

V031, Maeen

Sold prices and rental history: sold 3 times, last in July 2016, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V031 · DLD and Ejari recordsUpdated 18 July 2016
Last soldAED 3.1M18 July 2016
Current rentAED 199K /yr25 June 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V031, Maeen

What is V031 worth today?

Last sold for AED 3,100,000 in 2016

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18 Jul 2016SoldReady
AED 3,100,000AED 1,227 per sqft
6 Mar 2016SoldReady
AED 2,900,000AED 1,148 per sqft
25 Jun 2015RentedNew contract
AED 198,895/yr12 months · AED 79 per sqft
26 Jun 2014RentedNew contract
AED 190,000/yr12 months · AED 75 per sqft
26 Jun 2013RentedNew contract
AED 190,000/yr12 months · AED 75 per sqft
23 Sep 2010Sold by developerReady
AED 2,445,888AED 968 per sqft

Source: Dubai Land Department. Updated 18 July 2016.

Key facts

Type
3-bed villa
Size
2,525 sqft
Developer
Emaar
Completed
2005
Service charge
AED 10,500 /yr
Last sold
AED 3.1M · July 2016
Community
Maeen

About V031, Maeen

V031 is a three-bedroom villa of 2,525 sqft in Maeen, a villa community in The Lakes completed in 2005 by Emaar. It last sold on 18 July 2016 for AED 3,100,000, or AED 1,227 per sqft, in line with the AED 1,216 three-beds in the community were fetching at the time.

It has been rented since 2013 on 3 Ejari contracts. The current contract, signed on 25 June 2015, is AED 198,895 a year: a gross yield of 6.4% on the 2016 price, before the service charge of about AED 10,500 a year.

Sales and rents for V031 over time

Sales
Villa V031, each saleTypical three-bed in Maeen
2M4M6M2008201320182023Typical 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, September 2010: AED 2,445,888 (AED 968 per sqft)Sold, March 2016: AED 2,900,000 (AED 1,148 per sqft)Sold, July 2016: AED 3,100,000 (AED 1,227 per sqft)

V031 has sold 3 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa V031, 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, June 2013: AED 190,000 a yearNew contract, June 2014: AED 190,000 a yearNew contract, June 2015: AED 198,895 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 V031 sits

All 181 3-beds →

V031 last sold in July 2016 at AED 1,227 per sqft, in line with what three-beds in Maeen were fetching at the time (AED 1,216). 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. V031's AED 198,895 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 →

V031, Maeen in numbers

  • Sold 3 times: first on 23 September 2010 for AED 2,445,888, last on 18 July 2016 for AED 3,100,000 (AED 1,227 per sqft).
  • Rented since June 2013 on 3 Ejari contracts, from AED 190,000 to AED 198,895 a year.
  • At AED 198,895 a year the gross yield on the 2016 price is 6.4%, before a service charge of about AED 10,500 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 18 July 2016.

Questions about V031, Maeen

What did villa V031 last sell for?

AED 3,100,000 on 18 July 2016: AED 1,227 per sqft for 2,525 sqft. The villa has 3 registered sales; the first was AED 2,445,888 in September 2010.

What is the rent for villa V031?

AED 198,895 a year on the contract signed on 25 June 2015. The previous contract, from June 2014, was AED 190,000; the villa has been rented since June 2013.

How big is villa V031?

2,525 sqft (234.6 sqm): a three-bedroom villa in Maeen, completed in 2005.

What is villa V031 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 V031, Maeen

Starts from the last sale price (AED 3.1M, 18 July 2016). Switch to today's estimate once you have unlocked it.
Price
AED 3,100,000
Deposit, UAE resident (20%)
AED 620,000
Deposit, non-resident (40%)
AED 1,240,000
Monthly over 25 years at 3.7%
AED 12,683

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