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

V046, Zulal 1

Sold prices and rental history: sold twice, last in November 2024, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V046 · DLD and Ejari recordsUpdated 18 November 2024
Last soldAED 5.3M18 November 2024
Current rentAED 230K /yr10 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for V046, Zulal 1

What is V046 worth today?

Last sold for AED 5,300,000 in 2024

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18 Nov 2024SoldReady
AED 5,300,000AED 2,373 per sqft
10 Dec 2023RentedRenewal
AED 230,321/yr5 months · AED 103 per sqft
10 Dec 2022RentedRenewal
AED 230,000/yr12 months · AED 103 per sqft
10 Dec 2021RentedNew contract
AED 230,000/yr12 months · AED 103 per sqft
1 Nov 2020RentedRenewal
AED 170,000/yr12 months · AED 76 per sqft
1 Nov 2019RentedNew contract
AED 170,000/yr12 months · AED 76 per sqft
25 Feb 2017RentedNew contract
AED 160,000/yr12 months · AED 72 per sqft
6 Nov 2015RentedRenewal
AED 195,000/yr12 months · AED 87 per sqft

Source: Dubai Land Department. Updated 18 November 2024.

Key facts

Type
3-bed villa
Size
2,233 sqft
Developer
Emaar
Completed
2009
Service charge
AED 9,200 /yr
Last sold
AED 5.3M · November 2024
Community
Zulal 1

About V046, Zulal 1

V046 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 18 November 2024 for AED 5,300,000, or AED 2,373 per sqft, 24% above the AED 1,911 three-beds in the community were fetching at the time.

It has been rented continuously since 2012 on 10 Ejari contracts. The current contract, renewed on 10 December 2023, is AED 230,321 a year: a gross yield of 4.3% on the 2024 price, before the service charge of about AED 9,200 a year.

Sales and rents for V046 over time

Sales
Villa V046, 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, August 2014: AED 3,930,888 (AED 1,760 per sqft)Sold, November 2024: AED 5,300,000 (AED 2,373 per sqft)

V046 has sold twice; the dashed line is the three-bed median of each year in the community.

Rents
Villa V046, 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 2012: AED 160,000 a yearNew contract, October 2013: AED 168,000 a yearNew contract, November 2014: AED 195,000 a yearRenewal, November 2015: AED 195,000 a yearNew contract, February 2017: AED 160,000 a yearNew contract, November 2019: AED 170,000 a yearRenewal, November 2020: AED 170,000 a yearNew contract, December 2021: AED 230,000 a yearRenewal, December 2022: AED 230,000 a yearRenewal, December 2023: AED 230,321 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 V046 sits

All 150 3-beds →

V046 last sold in November 2024 at AED 2,373 per sqft, 24% above what three-beds in Zulal 1 were fetching at the time (AED 1,911). V046's AED 230,321 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 →

V046, Zulal 1 in numbers

  • Sold twice: first on 14 August 2014 for AED 3,930,888, last on 18 November 2024 for AED 5,300,000 (AED 2,373 per sqft).
  • Rented since October 2012 on 10 Ejari contracts, from AED 160,000 to AED 230,321 a year.
  • At AED 230,321 a year the gross yield on the 2024 price is 4.3%, before a service charge of about AED 9,200 a year (AED 4.14 per sqft).

Source: Dubai Land Department. Updated 18 November 2024.

Questions about V046, Zulal 1

What did villa V046 last sell for?

AED 5,300,000 on 18 November 2024: AED 2,373 per sqft for 2,233 sqft. The villa has 2 registered sales; the first was AED 3,930,888 in August 2014.

What is the rent for villa V046?

AED 230,321 a year on the contract renewed on 10 December 2023. The previous contract, from December 2022, was AED 230,000; the villa has been rented since October 2012.

How big is villa V046?

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

What is villa V046 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 V046, Zulal 1

Starts from the last sale price (AED 5.3M, 18 November 2024). Switch to today's estimate once you have unlocked it.
Price
AED 5,300,000
Deposit, UAE resident (20%)
AED 1,060,000
Deposit, non-resident (40%)
AED 2,120,000
Monthly over 25 years at 3.7%
AED 21,684

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