Home
Dubai prices
About
Research
3-bed · 2,567 sqftZulal 1, The Lakes · completed 2009

V024, Zulal 1

Sold prices and rental history: sold 3 times, last in February 2018, and rented since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V024 · DLD and Ejari recordsUpdated 28 February 2018
Last soldAED 2.7M28 February 2018
Current rentAED 215K /yr15 January 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow V024

Property timeline for V024, Zulal 1

What is V024 worth today?

Last sold for AED 2,700,000 in 2018

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

28 Feb 2018SoldReady
AED 2,700,000AED 1,051 per sqft
15 Jan 2017RentedRenewal
AED 215,000/yr12 months · AED 84 per sqft
15 Jan 2016RentedRenewal
AED 215,000/yr12 months · AED 84 per sqft
15 Jan 2015SoldReady
AED 2,960,000AED 1,153 per sqft
15 Jan 2015RentedNew contract
AED 190,000/yr12 months · AED 74 per sqft
26 Jun 2008Sold by developerReady
AED 2,406,462AED 937 per sqft

Source: Dubai Land Department. Updated 28 February 2018.

Key facts

Type
3-bed villa
Size
2,567 sqft
Developer
Emaar
Completed
2009
Service charge
AED 10,600 /yr
Last sold
AED 2.7M · February 2018
Community
Zulal 1

About V024, Zulal 1

V024 is a three-bedroom villa of 2,567 sqft in Zulal 1, a villa community in The Lakes completed in 2009 by Emaar. It last sold on 28 February 2018 for AED 2,700,000, or AED 1,051 per sqft, 6% below the AED 1,119 three-beds in the community were fetching at the time.

It has been rented since 2015 on 3 Ejari contracts. The current contract, renewed on 15 January 2017, is AED 215,000 a year: a gross yield of 8.0% on the 2018 price, before the service charge of about AED 10,600 a year.

Sales and rents for V024 over time

Sales
Villa V024, 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 2,406,462 (AED 937 per sqft)Sold, January 2015: AED 2,960,000 (AED 1,153 per sqft)Sold, February 2018: AED 2,700,000 (AED 1,051 per sqft)

V024 has sold 3 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa V024, 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, January 2015: AED 190,000 a yearRenewal, January 2016: AED 215,000 a yearRenewal, January 2017: AED 215,000 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 V024 sits

All 150 3-beds →

V024 last sold in February 2018 at AED 1,051 per sqft, 6% below what three-beds in Zulal 1 were fetching at the time (AED 1,119). V024's AED 215,000 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 →

V024, Zulal 1 in numbers

  • Sold 3 times: first on 26 June 2008 for AED 2,406,462, last on 28 February 2018 for AED 2,700,000 (AED 1,051 per sqft).
  • Rented since January 2015 on 3 Ejari contracts, from AED 190,000 to AED 215,000 a year.
  • At AED 215,000 a year the gross yield on the 2018 price is 8.0%, before a service charge of about AED 10,600 a year (AED 4.14 per sqft).

Source: Dubai Land Department. Updated 28 February 2018.

Questions about V024, Zulal 1

What did villa V024 last sell for?

AED 2,700,000 on 28 February 2018: AED 1,051 per sqft for 2,567 sqft. The villa has 3 registered sales; the first was AED 2,406,462 in June 2008.

What is the rent for villa V024?

AED 215,000 a year on the contract renewed on 15 January 2017. The previous contract, from January 2016, was AED 215,000; the villa has been rented since January 2015.

How big is villa V024?

2,567 sqft (238.5 sqm): a three-bedroom villa in Zulal 1, completed in 2009.

What is villa V024 worth today?

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

Selling V024? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on V024, Zulal 1

Starts from the last sale price (AED 2.7M, 28 February 2018). Switch to today's estimate once you have unlocked it.
Price
AED 2,700,000
Deposit, UAE resident (20%)
AED 540,000
Deposit, non-resident (40%)
AED 1,080,000
Monthly over 25 years at 3.7%
AED 11,047

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