3-bed · 2,699 sqftMaeen, The Lakes · completed 2005

V238, Maeen

Sold prices and rental history: sold twice, last in September 2024, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V238 · DLD and Ejari recordsUpdated 27 September 2024
Last soldAED 5.5M27 September 2024
Current rentAED 154K /yr25 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for V238, Maeen

What is V238 worth today?

Last sold for AED 5,500,000 in 2024

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27 Sep 2024SoldReady
AED 5,500,000AED 2,038 per sqft
25 Apr 2024RentedRenewal
AED 154,000/yr12 months · AED 57 per sqft
25 Apr 2023RentedRenewal
AED 154,000/yr12 months · AED 57 per sqft
25 Apr 2022RentedRenewal
AED 140,000/yr12 months · AED 52 per sqft
25 Apr 2020RentedRenewal
AED 150,000/yr12 months · AED 56 per sqft
1 May 2019Sold by developerReady
AED 2,558,751AED 948 per sqft
25 Apr 2019RentedNew contract
AED 160,000/yr12 months · AED 59 per sqft
25 Apr 2015RentedRenewal
AED 194,000/yr12 months · AED 72 per sqft

Source: Dubai Land Department. Updated 27 September 2024.

Key facts

Type
3-bed villa
Size
2,699 sqft
Developer
Emaar
Completed
2005
Service charge
AED 11,200 /yr
Last sold
AED 5.5M · September 2024
Community
Maeen

About V238, Maeen

V238 is a three-bedroom villa of 2,699 sqft in Maeen, a villa community in The Lakes completed in 2005 by Emaar. It last sold on 27 September 2024 for AED 5,500,000, or AED 2,038 per sqft, 7% above the AED 1,913 three-beds in the community were fetching at the time.

It has been rented continuously since 2012 on 9 Ejari contracts. The current contract, renewed on 25 April 2024, is AED 154,000 a year: a gross yield of 2.8% on the 2024 price, before the service charge of about AED 11,200 a year.

Sales and rents for V238 over time

Sales
Villa V238, 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, May 2019: AED 2,558,751 (AED 948 per sqft)Sold, September 2024: AED 5,500,000 (AED 2,038 per sqft)

V238 has sold twice; the dashed line is the three-bed median of each year in the community.

Rents
Villa V238, 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, April 2012: AED 155,000 a yearNew contract, April 2013: AED 165,000 a yearNew contract, April 2014: AED 185,000 a yearRenewal, April 2015: AED 194,000 a yearNew contract, April 2019: AED 160,000 a yearRenewal, April 2020: AED 150,000 a yearRenewal, April 2022: AED 140,000 a yearRenewal, April 2023: AED 154,000 a yearRenewal, April 2024: AED 154,000 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 V238 sits

All 181 3-beds →

V238 last sold in September 2024 at AED 2,038 per sqft, 7% above what three-beds in Maeen were fetching at the time (AED 1,913). 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. V238's AED 154,000 is at the bottom 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 →

V238, Maeen in numbers

  • Sold twice: first on 1 May 2019 for AED 2,558,751, last on 27 September 2024 for AED 5,500,000 (AED 2,038 per sqft).
  • Rented since April 2012 on 9 Ejari contracts, from AED 155,000 to AED 154,000 a year.
  • At AED 154,000 a year the gross yield on the 2024 price is 2.8%, 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 27 September 2024.

Questions about V238, Maeen

What did villa V238 last sell for?

AED 5,500,000 on 27 September 2024: AED 2,038 per sqft for 2,699 sqft. The villa has 2 registered sales; the first was AED 2,558,751 in May 2019.

What is the rent for villa V238?

AED 154,000 a year on the contract renewed on 25 April 2024. The previous contract, from April 2023, was AED 154,000; the villa has been rented since April 2012.

How big is villa V238?

2,699 sqft (250.7 sqm): a three-bedroom villa in Maeen, completed in 2005.

What is villa V238 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 V238, Maeen

Starts from the last sale price (AED 5.5M, 27 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 5,500,000
Deposit, UAE resident (20%)
AED 1,100,000
Deposit, non-resident (40%)
AED 2,200,000
Monthly over 25 years at 3.7%
AED 22,502

Plus AED 236,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →