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

V037, Zulal 1

Sold prices and rental history: sold 4 times, last in November 2022, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V037 · DLD and Ejari recordsUpdated 22 November 2022
Last soldAED 3.35M22 November 2022
Current rentAED 164K /yr8 April 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V037, Zulal 1

What is V037 worth today?

Last sold for AED 3,350,000 in 2022

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22 Nov 2022SoldReady
AED 3,350,000AED 1,305 per sqft
8 Apr 2022RentedRenewal
AED 164,278/yr7 months · AED 64 per sqft
8 Apr 2021RentedRenewal
AED 145,000/yr12 months · AED 56 per sqft
20 Jan 2020RentedNew contract
AED 150,000/yr12 months · AED 58 per sqft
15 Dec 2017RentedNew contract
AED 180,000/yr12 months · AED 70 per sqft
6 Aug 2017SoldReady
AED 3,225,000AED 1,256 per sqft
10 May 2016RentedNew contract
AED 210,000/yr12 months · AED 82 per sqft
12 Mar 2015RentedNew contract
AED 210,000/yr12 months · AED 82 per sqft

Source: Dubai Land Department. Updated 22 November 2022.

Key facts

Type
3-bed villa
Size
2,567 sqft
Developer
Emaar
Completed
2009
Service charge
AED 10,600 /yr
Last sold
AED 3.35M · November 2022
Community
Zulal 1

About V037, Zulal 1

V037 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 22 November 2022 for AED 3,350,000, or AED 1,305 per sqft, in line with the AED 1,320 three-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, renewed on 8 April 2022, is AED 164,278 a year: a gross yield of 4.9% on the 2022 price, before the service charge of about AED 10,600 a year.

Sales and rents for V037 over time

Sales
Villa V037, 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, October 2010: AED 1,400,141 (AED 545 per sqft)Sold, September 2013: AED 3,375,000 (AED 1,314 per sqft)Sold, August 2017: AED 3,225,000 (AED 1,256 per sqft)Sold, November 2022: AED 3,350,000 (AED 1,305 per sqft)

V037 has sold 4 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa V037, 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, October 2013: AED 209,549 a yearNew contract, March 2015: AED 210,000 a yearNew contract, May 2016: AED 210,000 a yearNew contract, December 2017: AED 180,000 a yearNew contract, January 2020: AED 150,000 a yearRenewal, April 2021: AED 145,000 a yearRenewal, April 2022: AED 164,278 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 V037 sits

All 150 3-beds →

V037 last sold in November 2022 at AED 1,305 per sqft, in line with what three-beds in Zulal 1 were fetching at the time (AED 1,320). V037's AED 164,278 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 →

V037, Zulal 1 in numbers

  • Sold 4 times: first on 3 October 2010 for AED 1,400,141, last on 22 November 2022 for AED 3,350,000 (AED 1,305 per sqft).
  • Rented since October 2013 on 7 Ejari contracts. The rent fell from AED 209,549 to AED 145,000 in 2021 and recovered to AED 164,278 by April 2022.
  • At AED 164,278 a year the gross yield on the 2022 price is 4.9%, before a service charge of about AED 10,600 a year (AED 4.14 per sqft).

Source: Dubai Land Department. Updated 22 November 2022.

Questions about V037, Zulal 1

What did villa V037 last sell for?

AED 3,350,000 on 22 November 2022: AED 1,305 per sqft for 2,567 sqft. The villa has 4 registered sales; the first was AED 1,400,141 in October 2010.

What is the rent for villa V037?

AED 164,278 a year on the contract renewed on 8 April 2022. The previous contract, from April 2021, was AED 145,000; the villa has been rented since October 2013.

How big is villa V037?

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

What is villa V037 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 V037, Zulal 1

Starts from the last sale price (AED 3.35M, 22 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 3,350,000
Deposit, UAE resident (20%)
AED 670,000
Deposit, non-resident (40%)
AED 1,340,000
Monthly over 25 years at 3.7%
AED 13,706

Plus AED 145,710 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →