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

V048, Zulal 1

Sold prices and rental history: sold twice, last in July 2018, and rented since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V048 · DLD and Ejari recordsUpdated 19 July 2018
Last soldAED 2.5M19 July 2018
Current rentAED 220K /yr22 December 2014
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for V048, Zulal 1

What is V048 worth today?

Last sold for AED 2,500,000 in 2018

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19 Jul 2018SoldReady
AED 2,500,000AED 1,021 per sqft
22 Dec 2014RentedNew contract
AED 220,000/yr6 months · AED 90 per sqft
1 Dec 2012RentedNew contract
AED 161,538/yr13 months · AED 66 per sqft
21 Oct 2008Sold by developerReady
AED 3,000,000AED 1,226 per sqft

Source: Dubai Land Department. Updated 19 July 2018.

Key facts

Type
3-bed villa
Size
2,446 sqft
Developer
Emaar
Completed
2009
Service charge
AED 10,100 /yr
Last sold
AED 2.5M · July 2018
Community
Zulal 1

About V048, Zulal 1

V048 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 19 July 2018 for AED 2,500,000, or AED 1,021 per sqft, 8% below the AED 1,109 three-beds in the community were fetching at the time.

It has been rented since 2012 on 2 Ejari contracts. The current contract, signed on 22 December 2014, is AED 220,000 a year: a gross yield of 8.8% on the 2018 price, before the service charge of about AED 10,100 a year.

Sales and rents for V048 over time

Sales
Villa V048, 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, October 2008: AED 3,000,000 (AED 1,226 per sqft)Sold, July 2018: AED 2,500,000 (AED 1,021 per sqft)

V048 has sold twice; the dashed line is the three-bed median of each year in the community.

Rents
Villa V048, 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, December 2012: AED 161,538 a yearNew contract, December 2014: AED 220,000 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 V048 sits

All 150 3-beds →

V048 last sold in July 2018 at AED 1,021 per sqft, 8% below what three-beds in Zulal 1 were fetching at the time (AED 1,109). V048's AED 220,000 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 →

V048, Zulal 1 in numbers

  • Sold twice: first on 21 October 2008 for AED 3,000,000, last on 19 July 2018 for AED 2,500,000 (AED 1,021 per sqft).
  • Rented since December 2012 on 2 Ejari contracts, from AED 161,538 to AED 220,000 a year.
  • At AED 220,000 a year the gross yield on the 2018 price is 8.8%, before a service charge of about AED 10,100 a year (AED 4.14 per sqft).

Source: Dubai Land Department. Updated 19 July 2018.

Questions about V048, Zulal 1

What did villa V048 last sell for?

AED 2,500,000 on 19 July 2018: AED 1,021 per sqft for 2,446 sqft. The villa has 2 registered sales; the first was AED 3,000,000 in October 2008.

What is the rent for villa V048?

AED 220,000 a year on the contract signed on 22 December 2014. The previous contract, from December 2012, was AED 161,538.

How big is villa V048?

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

What is villa V048 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 V048, Zulal 1

Starts from the last sale price (AED 2.5M, 19 July 2018). Switch to today's estimate once you have unlocked it.
Price
AED 2,500,000
Deposit, UAE resident (20%)
AED 500,000
Deposit, non-resident (40%)
AED 1,000,000
Monthly over 25 years at 3.7%
AED 10,228

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