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3-bed · 2,556 sqftZulal 1, The Lakes · completed 2009

V016, Zulal 1

Sold prices and rental history: sold 4 times, last in April 2022, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V016 · DLD and Ejari recordsUpdated 9 April 2025
Last soldAED 3.1M8 April 2022
Current rentAED 120K /yr9 April 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V016, Zulal 1

What is V016 worth today?

Last sold for AED 3,100,000 in 2022

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9 Apr 2025RentedRenewal
AED 120,000/yr12 months · AED 47 per sqft
8 Apr 2022SoldReady
AED 3,100,000AED 1,212 per sqft
8 Apr 2022RentedNew contract
AED 120,000/yr12 months · AED 47 per sqft
1 Sep 2020RentedRenewal
AED 140,377/yr12 months · AED 55 per sqft
1 Sep 2019RentedNew contract
AED 140,000/yr12 months · AED 55 per sqft
1 Apr 2019RentedRenewal
AED 210,000/yr3 months · AED 82 per sqft
1 Jun 2018RentedRenewal
AED 210,000/yr10 months · AED 82 per sqft
1 Jun 2017RentedNew contract
AED 210,000/yr12 months · AED 82 per sqft

Source: Dubai Land Department. Updated 9 April 2025.

Key facts

Type
3-bed villa
Size
2,556 sqft
Developer
Emaar
Completed
2009
Service charge
AED 10,600 /yr
Last sold
AED 3.1M · April 2022
Community
Zulal 1

About V016, Zulal 1

V016 is a three-bedroom villa of 2,556 sqft in Zulal 1, a villa community in The Lakes completed in 2009 by Emaar. It last sold on 8 April 2022 for AED 3,100,000, or AED 1,212 per sqft, in line with the AED 1,206 three-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 9 April 2025, is AED 120,000 a year: a gross yield of 3.9% on the 2022 price, before the service charge of about AED 10,600 a year.

Sales and rents for V016 over time

Sales
Villa V016, each saleTypical three-bed in Zulal 1
2.5M5M2008201320182023Typical 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, June 2008: AED 2,506,897 (AED 980 per sqft)Sold, June 2008: AED 1,538,700 (AED 601 per sqft)Sold, June 2016: AED 3,000,000 (AED 1,173 per sqft)Sold, April 2022: AED 3,100,000 (AED 1,212 per sqft)

V016 has sold 4 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa V016, each contractTypical three-bed in Zulal 1
100K200K300K2012201620202024Typical 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, June 2016: AED 210,000 a yearNew contract, June 2017: AED 210,000 a yearRenewal, June 2018: AED 210,000 a yearRenewal, April 2019: AED 210,000 a yearNew contract, September 2019: AED 140,000 a yearRenewal, September 2020: AED 140,377 a yearNew contract, April 2022: AED 120,000 a yearRenewal, April 2025: AED 120,000 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 V016 sits

All 150 3-beds →

V016 last sold in April 2022 at AED 1,212 per sqft, in line with what three-beds in Zulal 1 were fetching at the time (AED 1,206). V016's AED 120,000 is at the bottom 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 →

V016, Zulal 1 in numbers

  • Sold 4 times: first on 26 June 2008 for AED 1,538,700, last on 8 April 2022 for AED 3,100,000 (AED 1,212 per sqft).
  • Rented since June 2016 on 8 Ejari contracts, from AED 210,000 to AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2022 price is 3.9%, before a service charge of about AED 10,600 a year (AED 4.14 per sqft).

Source: Dubai Land Department. Updated 9 April 2025.

Questions about V016, Zulal 1

What did villa V016 last sell for?

AED 3,100,000 on 8 April 2022: AED 1,212 per sqft for 2,556 sqft. The villa has 4 registered sales; the first was AED 1,538,700 in June 2008.

What is the rent for villa V016?

AED 120,000 a year on the contract renewed on 9 April 2025. The previous contract, from April 2022, was AED 120,000; the villa has been rented since June 2016.

How big is villa V016?

2,556 sqft (237.5 sqm): a three-bedroom villa in Zulal 1, completed in 2009.

What is villa V016 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 V016, Zulal 1

Starts from the last sale price (AED 3.1M, 8 April 2022). 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 →