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3-bed · 2,567 sqftZulal 1, The Lakes · completed 2009

V035, Zulal 1

Sold prices and rental history: sold twice, last in June 2013, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V035 · DLD and Ejari recordsUpdated 21 March 2021
Last soldAED 3.29M23 June 2013
Current rentAED 120K /yr21 March 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V035, Zulal 1

What is V035 worth today?

Last sold for AED 3,285,000 in 2013

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21 Mar 2021RentedNew contract
AED 120,000/yr12 months · AED 47 per sqft
1 Oct 2016RentedNew contract · flagged as an outlier
AED 38,000/yr12 months · AED 15 per sqft
1 May 2014RentedNew contract · flagged as an outlier
AED 35,000/yr12 months · AED 14 per sqft
23 Jun 2013SoldReady
AED 3,285,000AED 1,279 per sqft
20 Apr 2013RentedNew contract
AED 179,006/yr12 months · AED 70 per sqft
21 Apr 2012RentedNew contract
AED 180,000/yr12 months · AED 70 per sqft
14 Jul 2010Sold by developerReady
AED 1,470,950AED 573 per sqft

Source: Dubai Land Department. Updated 21 March 2021.

Key facts

Type
3-bed villa
Size
2,567 sqft
Developer
Emaar
Completed
2009
Service charge
AED 10,600 /yr
Last sold
AED 3.29M · June 2013
Community
Zulal 1

About V035, Zulal 1

V035 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 23 June 2013 for AED 3,285,000, or AED 1,279 per sqft, 12% above the AED 1,137 three-beds in the community were fetching at the time.

It has been rented continuously since 2012 on 5 Ejari contracts. The current contract, signed on 21 March 2021, is AED 120,000 a year: a gross yield of 3.6% on the 2013 price, before the service charge of about AED 10,600 a year.

Sales and rents for V035 over time

Sales
Villa V035, 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, July 2010: AED 1,470,950 (AED 573 per sqft)Sold, June 2013: AED 3,285,000 (AED 1,279 per sqft)

V035 has sold twice; the dashed line is the three-bed median of each year in the community.

Rents
Villa V035, 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, April 2012: AED 180,000 a yearNew contract, April 2013: AED 179,006 a yearNew contract, March 2021: 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 V035 sits

All 150 3-beds →

V035 last sold in June 2013 at AED 1,279 per sqft, 12% above what three-beds in Zulal 1 were fetching at the time (AED 1,137). V035'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 →

V035, Zulal 1 in numbers

  • Sold twice: first on 14 July 2010 for AED 1,470,950, last on 23 June 2013 for AED 3,285,000 (AED 1,279 per sqft).
  • Rented since April 2012 on 5 Ejari contracts. The rent fell from AED 180,000 to AED 35,000 in 2014 and recovered to AED 120,000 by March 2021.
  • At AED 120,000 a year the gross yield on the 2013 price is 3.6%, before a service charge of about AED 10,600 a year (AED 4.14 per sqft).

Source: Dubai Land Department. Updated 21 March 2021.

Questions about V035, Zulal 1

What did villa V035 last sell for?

AED 3,285,000 on 23 June 2013: AED 1,279 per sqft for 2,567 sqft. The villa has 2 registered sales; the first was AED 1,470,950 in July 2010.

What is the rent for villa V035?

AED 120,000 a year on the contract signed on 21 March 2021. The previous contract, from October 2016, was AED 38,000; the villa has been rented since April 2012.

How big is villa V035?

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

What is villa V035 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 V035, Zulal 1

Starts from the last sale price (AED 3.29M, 23 June 2013). Switch to today's estimate once you have unlocked it.
Price
AED 3,285,000
Deposit, UAE resident (20%)
AED 657,000
Deposit, non-resident (40%)
AED 1,314,000
Monthly over 25 years at 3.7%
AED 13,440

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