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3-bed · 2,558 sqftZulal 1, The Lakes · completed 2009

V023, Zulal 1

Sold prices and rental history: sold 3 times, last in March 2021, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V023 · DLD and Ejari recordsUpdated 28 May 2021
Last soldAED 2.4M16 March 2021
Current rentAED 148K /yr28 May 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V023, Zulal 1

What is V023 worth today?

Last sold for AED 2,400,000 in 2021

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28 May 2021RentedNew contract
AED 148,093/yr10 months · AED 58 per sqft
16 Mar 2021SoldReady
AED 2,400,000AED 938 per sqft
28 May 2020RentedNew contract
AED 135,000/yr12 months · AED 53 per sqft
3 Jan 2020RentedNew contract
AED 195,000/yr12 months · AED 76 per sqft
3 Jul 2019RentedRenewal
AED 195,000/yr12 months · AED 76 per sqft
3 Jul 2018RentedNew contract
AED 195,000/yr12 months · AED 76 per sqft
26 Jun 2008Sold by developerReady
AED 1,652,500AED 645 per sqft
26 Jun 2008SoldReady
AED 2,506,897AED 979 per sqft

Source: Dubai Land Department. Updated 28 May 2021.

Key facts

Type
3-bed villa
Size
2,558 sqft
Developer
Emaar
Completed
2009
Service charge
AED 10,600 /yr
Last sold
AED 2.4M · March 2021
Community
Zulal 1

About V023, Zulal 1

V023 is a three-bedroom villa of 2,558 sqft in Zulal 1, a villa community in The Lakes completed in 2009 by Emaar. It last sold on 16 March 2021 for AED 2,400,000, or AED 938 per sqft, in line with the AED 938 three-beds in the community were fetching at the time.

It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, signed on 28 May 2021, is AED 148,093 a year: a gross yield of 6.2% on the 2021 price, before the service charge of about AED 10,600 a year.

Sales and rents for V023 over time

Sales
Villa V023, 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, June 2008: AED 1,652,500 (AED 645 per sqft)Sold, June 2008: AED 2,506,897 (AED 979 per sqft)Sold, March 2021: AED 2,400,000 (AED 938 per sqft)

V023 has sold 3 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa V023, 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 2018: AED 195,000 a yearRenewal, July 2019: AED 195,000 a yearNew contract, January 2020: AED 195,000 a yearNew contract, May 2020: AED 135,000 a yearNew contract, May 2021: AED 148,093 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 V023 sits

All 150 3-beds →

V023 last sold in March 2021 at AED 938 per sqft, in line with what three-beds in Zulal 1 were fetching at the time (AED 938). V023's AED 148,093 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 →

V023, Zulal 1 in numbers

  • Sold 3 times: first on 26 June 2008 for AED 2,506,897, last on 16 March 2021 for AED 2,400,000 (AED 938 per sqft).
  • Rented since July 2018 on 5 Ejari contracts, from AED 195,000 to AED 148,093 a year.
  • At AED 148,093 a year the gross yield on the 2021 price is 6.2%, before a service charge of about AED 10,600 a year (AED 4.14 per sqft).

Source: Dubai Land Department. Updated 28 May 2021.

Questions about V023, Zulal 1

What did villa V023 last sell for?

AED 2,400,000 on 16 March 2021: AED 938 per sqft for 2,558 sqft. The villa has 3 registered sales; the first was AED 2,506,897 in June 2008.

What is the rent for villa V023?

AED 148,093 a year on the contract signed on 28 May 2021. The previous contract, from May 2020, was AED 135,000; the villa has been rented since July 2018.

How big is villa V023?

2,558 sqft (237.6 sqm): a three-bedroom villa in Zulal 1, completed in 2009.

What is villa V023 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 V023, Zulal 1

Starts from the last sale price (AED 2.4M, 16 March 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,400,000
Deposit, UAE resident (20%)
AED 480,000
Deposit, non-resident (40%)
AED 960,000
Monthly over 25 years at 3.7%
AED 9,819

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