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5-bed · 3,817 sqftMaeen, The Lakes · completed 2005

V124, Maeen

Sold prices and rental history: sold 7 times, last in January 2024, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V124 · DLD and Ejari recordsUpdated 12 January 2024
Last soldAED 7.8M12 January 2024
Current rentAED 345K /yr23 July 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V124, Maeen

What is V124 worth today?

Last sold for AED 7,800,000 in 2024

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12 Jan 2024SoldReady
AED 7,800,000AED 2,043 per sqft
23 Jul 2023RentedRenewal
AED 345,000/yr12 months · AED 90 per sqft
29 Aug 2022SoldReady
AED 6,300,000AED 1,650 per sqft
23 Jul 2022RentedNew contract
AED 310,000/yr12 months · AED 81 per sqft
1 Apr 2022SoldReady
AED 5,450,000AED 1,427 per sqft
23 Jul 2021RentedRenewal
AED 280,000/yr12 months · AED 73 per sqft
26 Jul 2020SoldReady
AED 3,900,000AED 1,021 per sqft
23 Jul 2020RentedNew contract
AED 255,000/yr12 months · AED 67 per sqft

Source: Dubai Land Department. Updated 12 January 2024.

Key facts

Type
5-bed villa
Size
3,817 sqft
Developer
Emaar
Completed
2005
Service charge
AED 15,800 /yr
Last sold
AED 7.8M · January 2024
Community
Maeen

About V124, Maeen

V124 is a five-bedroom villa of 3,817 sqft in Maeen, a villa community in The Lakes completed in 2005 by Emaar. It last sold on 12 January 2024 for AED 7,800,000, or AED 2,043 per sqft, in line with the AED 2,043 five-beds in the community were fetching at the time.

It has been rented continuously since 2016 on 8 Ejari contracts. The current contract, renewed on 23 July 2023, is AED 345,000 a year: a gross yield of 4.4% on the 2024 price, before the service charge of about AED 15,800 a year.

Sales and rents for V124 over time

Sales
Villa V124, each saleTypical five-bed in Maeen
5M10M2008201320182023Typical sale price by year: 2008 AED 3,929,888; 2009 AED 2,116,444; 2010 AED 3,897,388; 2011 AED 3,941,444; 2012 AED 4,464,944; 2013 AED 6,500,000; 2015 AED 6,000,000; 2016 AED 5,100,000; 2021 AED 6,500,000; 2022 AED 6,325,000; 2023 AED 7,675,000; 2024 AED 9,950,000Sold by developer, May 2010: AED 3,963,888 (AED 1,038 per sqft)Sold, October 2012: AED 4,800,000 (AED 1,257 per sqft)Sold, August 2013: AED 6,000,000 (AED 1,571 per sqft)Sold, July 2020: AED 3,900,000 (AED 1,021 per sqft)Sold, April 2022: AED 5,450,000 (AED 1,427 per sqft)Sold, August 2022: AED 6,300,000 (AED 1,650 per sqft)Sold, January 2024: AED 7,800,000 (AED 2,043 per sqft)

V124 has sold 7 times; the dashed line is the five-bed median of each year in the community.

Rents
Villa V124, each contractTypical five-bed in Maeen
200K300K400K2012201620202024Typical rent by year: 2012 AED 267,500; 2013 AED 270,000; 2014 AED 280,000; 2015 AED 291,500; 2016 AED 310,000; 2017 AED 300,000; 2018 AED 277,521; 2019 AED 260,000; 2020 AED 234,000; 2021 AED 246,250; 2022 AED 270,000; 2023 AED 339,000; 2024 AED 400,000; 2025 AED 432,500Renewal, July 2016: AED 315,000 a yearRenewal, July 2017: AED 305,000 a yearRenewal, July 2018: AED 305,000 a yearRenewal, July 2019: AED 285,000 a yearNew contract, July 2020: AED 255,000 a yearRenewal, July 2021: AED 280,000 a yearNew contract, July 2022: AED 310,000 a yearRenewal, July 2023: AED 345,000 a year

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

5-beds in Maeen, and where V124 sits

All 33 5-beds →

V124 last sold in January 2024 at AED 2,043 per sqft, in line with what five-beds in Maeen were fetching at the time (AED 2,043). Over the last 12 months five-beds sold for AED 23,000,000, around AED 5,575 per sqft, and rent for AED 415,000 to 415,000 a year.

Recent 5-bed salesVilla no.Price (AED)Summary
12 Feb 202623,000,000
17 Jul 202413,500,000
15 Feb 20249,400,000
2 Feb 202410,500,000
1 5-bed sale 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 →

V124, Maeen in numbers

  • Sold 7 times: first on 12 May 2010 for AED 3,963,888, last on 12 January 2024 for AED 7,800,000 (AED 2,043 per sqft).
  • Rented since July 2016 on 8 Ejari contracts. The rent fell from AED 315,000 to AED 255,000 in 2020 and recovered to AED 345,000 by July 2023.
  • At AED 345,000 a year the gross yield on the 2024 price is 4.4%, before a service charge of about AED 15,800 a year (AED 4.14 per sqft).
  • Five-beds in Maeen sold for AED 23,000,000–23,000,000 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 12 January 2024.

Questions about V124, Maeen

What did villa V124 last sell for?

AED 7,800,000 on 12 January 2024: AED 2,043 per sqft for 3,817 sqft. The villa has 7 registered sales; the first was AED 3,963,888 in May 2010.

What is the rent for villa V124?

AED 345,000 a year on the contract renewed on 23 July 2023. The previous contract, from July 2022, was AED 310,000; the villa has been rented since July 2016.

How big is villa V124?

3,817 sqft (354.6 sqm): a five-bedroom villa in Maeen, completed in 2005.

What is villa V124 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Five-beds in Maeen sold for AED 23,000,000 to 23,000,000 in the last 12 months, around AED 5,575 per sqft.

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Mortgage on V124, Maeen

Starts from the last sale price (AED 7.8M, 12 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 7,800,000
Deposit, UAE resident (20%)
AED 1,560,000
Deposit, non-resident (40%)
AED 3,120,000
Monthly over 25 years at 3.7%
AED 31,912

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