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3-bed · 2,233 sqftZulal 1, The Lakes · completed 2009

V039, Zulal 1

Sold prices and rental history: sold 3 times, last in March 2017, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V039 · DLD and Ejari recordsUpdated 13 March 2017
Last soldAED 3.15M13 March 2017
Current rentAED 200K /yr1 January 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V039, Zulal 1

What is V039 worth today?

Last sold for AED 3,150,000 in 2017

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13 Mar 2017SoldReady
AED 3,150,000AED 1,410 per sqft
1 Jan 2016RentedNew contract
AED 200,000/yr12 months · AED 90 per sqft
11 Dec 2014RentedNew contract
AED 204,750/yr12 months · AED 92 per sqft
11 Dec 2013RentedNew contract
AED 195,000/yr12 months · AED 87 per sqft
5 Dec 2013SoldReady
AED 3,500,000AED 1,567 per sqft
20 Nov 2012RentedNew contract
AED 195,000/yr12 months · AED 87 per sqft
3 Nov 2008Sold by developerReady
AED 1,501,944AED 672 per sqft

Source: Dubai Land Department. Updated 13 March 2017.

Key facts

Type
3-bed villa
Size
2,233 sqft
Developer
Emaar
Completed
2009
Service charge
AED 9,200 /yr
Last sold
AED 3.15M · March 2017
Community
Zulal 1

About V039, Zulal 1

V039 is a three-bedroom villa of 2,233 sqft in Zulal 1, a villa community in The Lakes completed in 2009 by Emaar. It last sold on 13 March 2017 for AED 3,150,000, or AED 1,410 per sqft, 18% above the AED 1,198 three-beds in the community were fetching at the time.

It has been rented continuously since 2012 on 4 Ejari contracts. The current contract, signed on 1 January 2016, is AED 200,000 a year: a gross yield of 6.3% on the 2017 price, before the service charge of about AED 9,200 a year.

Sales and rents for V039 over time

Sales
Villa V039, 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, November 2008: AED 1,501,944 (AED 672 per sqft)Sold, December 2013: AED 3,500,000 (AED 1,567 per sqft)Sold, March 2017: AED 3,150,000 (AED 1,410 per sqft)

V039 has sold 3 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa V039, 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, November 2012: AED 195,000 a yearNew contract, December 2013: AED 195,000 a yearNew contract, December 2014: AED 204,750 a yearNew contract, January 2016: AED 200,000 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 V039 sits

All 150 3-beds →

V039 last sold in March 2017 at AED 1,410 per sqft, 18% above what three-beds in Zulal 1 were fetching at the time (AED 1,198). V039's AED 200,000 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 →

V039, Zulal 1 in numbers

  • Sold 3 times: first on 3 November 2008 for AED 1,501,944, last on 13 March 2017 for AED 3,150,000 (AED 1,410 per sqft).
  • Rented since November 2012 on 4 Ejari contracts, from AED 195,000 to AED 200,000 a year.
  • At AED 200,000 a year the gross yield on the 2017 price is 6.3%, before a service charge of about AED 9,200 a year (AED 4.14 per sqft).

Source: Dubai Land Department. Updated 13 March 2017.

Questions about V039, Zulal 1

What did villa V039 last sell for?

AED 3,150,000 on 13 March 2017: AED 1,410 per sqft for 2,233 sqft. The villa has 3 registered sales; the first was AED 1,501,944 in November 2008.

What is the rent for villa V039?

AED 200,000 a year on the contract signed on 1 January 2016. The previous contract, from December 2014, was AED 204,750; the villa has been rented since November 2012.

How big is villa V039?

2,233 sqft (207.5 sqm): a three-bedroom villa in Zulal 1, completed in 2009.

What is villa V039 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 V039, Zulal 1

Starts from the last sale price (AED 3.15M, 13 March 2017). Switch to today's estimate once you have unlocked it.
Price
AED 3,150,000
Deposit, UAE resident (20%)
AED 630,000
Deposit, non-resident (40%)
AED 1,260,000
Monthly over 25 years at 3.7%
AED 12,888

Plus AED 137,310 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →