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3-bed · 2,446 sqftZulal 1, The Lakes · completed 2009

V040, Zulal 1

Sold prices and rental history: sold 4 times, last in May 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V040 · DLD and Ejari recordsUpdated 5 May 2023
Last soldAED 3.95M5 May 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V040, Zulal 1

What is V040 worth today?

Last sold for AED 3,950,000 in 2023

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5 May 2023SoldReady
AED 3,950,000AED 1,614 per sqft
3 Jan 2013SoldReady
AED 2,700,000AED 1,103 per sqft
16 Jun 2008Sold by developerReady
AED 2,754,888AED 1,126 per sqft
16 Jun 2008SoldReady
AED 2,957,500AED 1,209 per sqft

Source: Dubai Land Department. Updated 5 May 2023.

Key facts

Type
3-bed villa
Size
2,446 sqft
Developer
Emaar
Completed
2009
Service charge
AED 10,100 /yr
Last sold
AED 3.95M · May 2023
Community
Zulal 1

About V040, Zulal 1

V040 is a three-bedroom villa of 2,446 sqft in Zulal 1, a villa community in The Lakes completed in 2009 by Emaar. It last sold on 5 May 2023 for AED 3,950,000, or AED 1,614 per sqft, 15% above the AED 1,403 three-beds in the community were fetching at the time.

No rental contract for the villa is registered on Ejari.

Sales and rents for V040 over time

Sales
Villa V040, 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 2,754,888 (AED 1,126 per sqft)Sold, June 2008: AED 2,957,500 (AED 1,209 per sqft)Sold, January 2013: AED 2,700,000 (AED 1,103 per sqft)Sold, May 2023: AED 3,950,000 (AED 1,614 per sqft)

V040 has sold 4 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa V040, 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 290,000

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 V040 sits

All 150 3-beds →

V040 last sold in May 2023 at AED 1,614 per sqft, 15% above what three-beds in Zulal 1 were fetching at the time (AED 1,403).

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 →

V040, Zulal 1 in numbers

  • Sold 4 times: first on 16 June 2008 for AED 2,957,500, last on 5 May 2023 for AED 3,950,000 (AED 1,614 per sqft).

Source: Dubai Land Department. Updated 5 May 2023.

Questions about V040, Zulal 1

What did villa V040 last sell for?

AED 3,950,000 on 5 May 2023: AED 1,614 per sqft for 2,446 sqft. The villa has 4 registered sales; the first was AED 2,957,500 in June 2008.

How big is villa V040?

2,446 sqft (227.2 sqm): a three-bedroom villa in Zulal 1, completed in 2009.

What is villa V040 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 V040, Zulal 1

Starts from the last sale price (AED 3.95M, 5 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,950,000
Deposit, UAE resident (20%)
AED 790,000
Deposit, non-resident (40%)
AED 1,580,000
Monthly over 25 years at 3.7%
AED 16,161

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