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3-bed · 2,577 sqftZulal 1, The Lakes · completed 2009

V029, Zulal 1

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

Villa V029 · DLD and Ejari recordsUpdated 21 March 2021
Last soldAED 2.5M21 March 2021
Current rentAED 145K /yr21 July 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V029, Zulal 1

What is V029 worth today?

Last sold for AED 2,500,000 in 2021

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21 Mar 2021SoldReady
AED 2,500,000AED 970 per sqft
21 Jul 2020RentedRenewal
AED 145,116/yr13 months · AED 56 per sqft
21 Jul 2019RentedRenewal
AED 160,000/yr12 months · AED 62 per sqft
21 Jul 2018RentedRenewal
AED 170,000/yr12 months · AED 66 per sqft
21 Jul 2017RentedNew contract
AED 185,000/yr12 months · AED 72 per sqft
15 Sep 2016RentedRenewal
AED 212,500/yr12 months · AED 82 per sqft
15 Sep 2015RentedNew contract
AED 210,000/yr12 months · AED 81 per sqft
1 Jun 2014RentedNew contract
AED 216,000/yr12 months · AED 84 per sqft

Source: Dubai Land Department. Updated 21 March 2021.

Key facts

Type
3-bed villa
Size
2,577 sqft
Developer
Emaar
Completed
2009
Service charge
AED 10,700 /yr
Last sold
AED 2.5M · March 2021
Community
Zulal 1

About V029, Zulal 1

V029 is a three-bedroom villa of 2,577 sqft in Zulal 1, a villa community in The Lakes completed in 2009 by Emaar. It last sold on 21 March 2021 for AED 2,500,000, or AED 970 per sqft, in line with the AED 954 three-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, renewed on 21 July 2020, is AED 145,116 a year: a gross yield of 5.8% on the 2021 price, before the service charge of about AED 10,700 a year.

Sales and rents for V029 over time

Sales
Villa V029, 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 2010: AED 2,398,702 (AED 930 per sqft)Sold, March 2011: AED 2,000,000 (AED 776 per sqft)Sold, March 2021: AED 2,500,000 (AED 970 per sqft)

V029 has sold 3 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa V029, 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, June 2013: AED 209,500 a yearNew contract, June 2014: AED 216,000 a yearNew contract, September 2015: AED 210,000 a yearRenewal, September 2016: AED 212,500 a yearNew contract, July 2017: AED 185,000 a yearRenewal, July 2018: AED 170,000 a yearRenewal, July 2019: AED 160,000 a yearRenewal, July 2020: AED 145,116 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 V029 sits

All 150 3-beds →

V029 last sold in March 2021 at AED 970 per sqft, in line with what three-beds in Zulal 1 were fetching at the time (AED 954). V029's AED 145,116 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 →

V029, Zulal 1 in numbers

  • Sold 3 times: first on 20 May 2010 for AED 2,398,702, last on 21 March 2021 for AED 2,500,000 (AED 970 per sqft).
  • Rented since June 2013 on 8 Ejari contracts, from AED 209,500 to AED 145,116 a year.
  • At AED 145,116 a year the gross yield on the 2021 price is 5.8%, before a service charge of about AED 10,700 a year (AED 4.14 per sqft).

Source: Dubai Land Department. Updated 21 March 2021.

Questions about V029, Zulal 1

What did villa V029 last sell for?

AED 2,500,000 on 21 March 2021: AED 970 per sqft for 2,577 sqft. The villa has 3 registered sales; the first was AED 2,398,702 in May 2010.

What is the rent for villa V029?

AED 145,116 a year on the contract renewed on 21 July 2020. The previous contract, from July 2019, was AED 160,000; the villa has been rented since June 2013.

How big is villa V029?

2,577 sqft (239.4 sqm): a three-bedroom villa in Zulal 1, completed in 2009.

What is villa V029 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 V029, Zulal 1

Starts from the last sale price (AED 2.5M, 21 March 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,500,000
Deposit, UAE resident (20%)
AED 500,000
Deposit, non-resident (40%)
AED 1,000,000
Monthly over 25 years at 3.7%
AED 10,228

Plus AED 110,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →