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3-bed · 2,713 sqftZulal 1, The Lakes · completed 2009

V012, Zulal 1

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

Villa V012 · DLD and Ejari recordsUpdated 24 May 2024
Last soldAED 3.6M1 March 2016
Current rentAED 205K /yr24 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V012, Zulal 1

What is V012 worth today?

Last sold for AED 3,600,000 in 2016

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24 May 2024RentedRenewal
AED 205,000/yr12 months · AED 76 per sqft
24 May 2023RentedRenewal
AED 205,000/yr12 months · AED 76 per sqft
24 May 2022RentedNew contract
AED 205,000/yr12 months · AED 76 per sqft
4 Apr 2021RentedRenewal
AED 193,000/yr12 months · AED 71 per sqft
17 Nov 2017RentedRenewal
AED 190,000/yr12 months · AED 70 per sqft
17 Nov 2016RentedNew contract
AED 210,000/yr12 months · AED 77 per sqft
1 Mar 2016SoldReady
AED 3,600,000AED 1,327 per sqft
21 May 2009Sold by developerReady
AED 2,814,888AED 1,037 per sqft

Source: Dubai Land Department. Updated 24 May 2024.

Key facts

Type
3-bed villa
Size
2,713 sqft
Developer
Emaar
Completed
2009
Service charge
AED 11,200 /yr
Last sold
AED 3.6M · March 2016
Community
Zulal 1

About V012, Zulal 1

V012 is a three-bedroom villa of 2,713 sqft in Zulal 1, a villa community in The Lakes completed in 2009 by Emaar. It last sold on 1 March 2016 for AED 3,600,000, or AED 1,327 per sqft, 6% above the AED 1,247 three-beds in the community were fetching at the time.

It has been rented continuously since 2016 on 6 Ejari contracts. The current contract, renewed on 24 May 2024, is AED 205,000 a year: a gross yield of 5.7% on the 2016 price, before the service charge of about AED 11,200 a year.

Sales and rents for V012 over time

Sales
Villa V012, 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, May 2009: AED 2,814,888 (AED 1,037 per sqft)Sold, May 2009: AED 2,100,000 (AED 774 per sqft)Sold, March 2016: AED 3,600,000 (AED 1,327 per sqft)

V012 has sold 3 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa V012, 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, November 2016: AED 210,000 a yearRenewal, November 2017: AED 190,000 a yearRenewal, April 2021: AED 193,000 a yearNew contract, May 2022: AED 205,000 a yearRenewal, May 2023: AED 205,000 a yearRenewal, May 2024: AED 205,000 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 V012 sits

All 150 3-beds →

V012 last sold in March 2016 at AED 1,327 per sqft, 6% above what three-beds in Zulal 1 were fetching at the time (AED 1,247). V012's AED 205,000 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 →

V012, Zulal 1 in numbers

  • Sold 3 times: first on 21 May 2009 for AED 2,100,000, last on 1 March 2016 for AED 3,600,000 (AED 1,327 per sqft).
  • Rented since November 2016 on 6 Ejari contracts, from AED 210,000 to AED 205,000 a year.
  • At AED 205,000 a year the gross yield on the 2016 price is 5.7%, before a service charge of about AED 11,200 a year (AED 4.14 per sqft).

Source: Dubai Land Department. Updated 24 May 2024.

Questions about V012, Zulal 1

What did villa V012 last sell for?

AED 3,600,000 on 1 March 2016: AED 1,327 per sqft for 2,713 sqft. The villa has 3 registered sales; the first was AED 2,100,000 in May 2009.

What is the rent for villa V012?

AED 205,000 a year on the contract renewed on 24 May 2024. The previous contract, from May 2023, was AED 205,000; the villa has been rented since November 2016.

How big is villa V012?

2,713 sqft (252.0 sqm): a three-bedroom villa in Zulal 1, completed in 2009.

What is villa V012 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 V012, Zulal 1

Starts from the last sale price (AED 3.6M, 1 March 2016). Switch to today's estimate once you have unlocked it.
Price
AED 3,600,000
Deposit, UAE resident (20%)
AED 720,000
Deposit, non-resident (40%)
AED 1,440,000
Monthly over 25 years at 3.7%
AED 14,729

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