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3-bed · 2,710 sqftZulal 1, The Lakes · completed 2009

V008, Zulal 1

Sold prices and rental history: sold 3 times, last in September 2021, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V008 · DLD and Ejari recordsUpdated 1 July 2022
Last soldAED 3.59M8 September 2021
Current rentAED 170K /yr1 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V008, Zulal 1

What is V008 worth today?

Last sold for AED 3,585,000 in 2021

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1 Jul 2022RentedNew contract
AED 170,000/yr10 months · AED 63 per sqft
8 Sep 2021SoldReady
AED 3,585,000AED 1,323 per sqft
8 Sep 2021RentedNew contract
AED 169,817/yr10 months · AED 63 per sqft
29 Aug 2016SoldReady
AED 3,105,000AED 1,145 per sqft
25 Jul 2016RentedNew contract
AED 200,000/yr12 months · AED 74 per sqft
25 Jul 2016RentedNew contract
AED 200,000/yr12 months · AED 74 per sqft
15 Jul 2015RentedRenewal
AED 220,000/yr12 months · AED 81 per sqft
15 Jul 2014RentedRenewal
AED 200,000/yr12 months · AED 74 per sqft

Source: Dubai Land Department. Updated 1 July 2022.

Key facts

Type
3-bed villa
Size
2,710 sqft
Developer
Emaar
Completed
2009
Service charge
AED 11,200 /yr
Last sold
AED 3.59M · September 2021
Community
Zulal 1

About V008, Zulal 1

V008 is a three-bedroom villa of 2,710 sqft in Zulal 1, a villa community in The Lakes completed in 2009 by Emaar. It last sold on 8 September 2021 for AED 3,585,000, or AED 1,323 per sqft, 18% above the AED 1,124 three-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, signed on 1 July 2022, is AED 170,000 a year: a gross yield of 4.7% on the 2021 price, before the service charge of about AED 11,200 a year.

Sales and rents for V008 over time

Sales
Villa V008, each saleTypical three-bed in Zulal 1
2M4M6M2008201320182023Typical sale price by year: 2008 AED 2,670,388; 2009 AED 2,277,801; 2010 AED 2,398,702; 2011 AED 1,950,000; 2012 AED 2,612,697; 2013 AED 3,225,000; 2014 AED 3,650,000; 2015 AED 3,100,000; 2016 AED 3,105,000; 2017 AED 3,150,000; 2018 AED 2,500,000; 2019 AED 2,263,741; 2020 AED 2,100,000; 2021 AED 2,875,000; 2022 AED 3,500,000; 2023 AED 4,000,000; 2024 AED 4,985,000; 2025 AED 6,000,000Sold by developer, March 2010: AED 3,041,888 (AED 1,122 per sqft)Sold, August 2016: AED 3,105,000 (AED 1,145 per sqft)Sold, September 2021: AED 3,585,000 (AED 1,323 per sqft)

V008 has sold 3 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa V008, each contractTypical three-bed in Zulal 1
200K300K2012201620202024Typical rent by year: 2012 AED 170,000; 2013 AED 191,250; 2014 AED 204,326; 2015 AED 206,450; 2016 AED 205,000; 2017 AED 190,000; 2018 AED 175,000; 2019 AED 167,250; 2020 AED 145,116; 2021 AED 155,000; 2022 AED 170,000; 2023 AED 205,000; 2024 AED 245,549; 2025 AED 255,000; 2026 AED 290,000New contract, July 2013: AED 190,000 a yearRenewal, July 2014: AED 200,000 a yearRenewal, July 2015: AED 220,000 a yearNew contract, July 2016: AED 200,000 a yearNew contract, July 2016: AED 200,000 a yearNew contract, September 2021: AED 169,817 a yearNew contract, July 2022: AED 170,000 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 Zulal 1, and where V008 sits

All 150 3-beds →

V008 last sold in September 2021 at AED 1,323 per sqft, 18% above what three-beds in Zulal 1 were fetching at the time (AED 1,124). V008's AED 170,000 is in the lower half of that range.

Recent 3-bed salesVilla no.Price (AED)Summary
24 Sep 20257,100,000
4 Sep 20255,200,000
11 Aug 20256,950,000
7 Aug 20256,800,000
0 3-bed sales in the last 12 months

Zulal 1

Community

150 villas, 3-bed in The Lakes, completed in 2009 by Emaar. No sale in the last 12 months.

Typical price per sqft
Few sales
Typical sale
Few sales
Typical rent
AED 280K /yr
Typical yield
Zulal 1, The Lakes: prices, sales and rents →

V008, Zulal 1 in numbers

  • Sold 3 times: first on 29 March 2010 for AED 3,041,888, last on 8 September 2021 for AED 3,585,000 (AED 1,323 per sqft).
  • Rented since July 2013 on 7 Ejari contracts, from AED 190,000 to AED 170,000 a year.
  • At AED 170,000 a year the gross yield on the 2021 price is 4.7%, before a service charge of about AED 11,200 a year (AED 4.14 per sqft).

Source: Dubai Land Department. Updated 1 July 2022.

Questions about V008, Zulal 1

What did villa V008 last sell for?

AED 3,585,000 on 8 September 2021: AED 1,323 per sqft for 2,710 sqft. The villa has 3 registered sales; the first was AED 3,041,888 in March 2010.

What is the rent for villa V008?

AED 170,000 a year on the contract signed on 1 July 2022. The previous contract, from September 2021, was AED 169,817; the villa has been rented since July 2013.

How big is villa V008?

2,710 sqft (251.8 sqm): a three-bedroom villa in Zulal 1, completed in 2009.

What is villa V008 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on V008, Zulal 1

Starts from the last sale price (AED 3.59M, 8 September 2021). Switch to today's estimate once you have unlocked it.
Price
AED 3,585,000
Deposit, UAE resident (20%)
AED 717,000
Deposit, non-resident (40%)
AED 1,434,000
Monthly over 25 years at 3.7%
AED 14,667

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