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3-bed · 2,711 sqftZulal 1, The Lakes · completed 2009

V051, Zulal 1

Sold prices and rental history: sold 4 times, last in March 2014, and rented once, from August 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V051 · DLD and Ejari recordsUpdated 27 March 2014
Last soldAED 4.2M27 March 2014
Current rentAED 165K /yr1 August 2012
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V051, Zulal 1

What is V051 worth today?

Last sold for AED 4,200,000 in 2014

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27 Mar 2014SoldReady
AED 4,200,000AED 1,549 per sqft
21 Aug 2013SoldReady
AED 3,320,000AED 1,224 per sqft
1 Aug 2012RentedNew contract
AED 165,000/yr12 months · AED 61 per sqft
20 May 2008Sold by developerReady
AED 2,604,417AED 960 per sqft
20 May 2008SoldReady
AED 3,202,200AED 1,181 per sqft

Source: Dubai Land Department. Updated 27 March 2014.

Key facts

Type
3-bed villa
Size
2,711 sqft
Developer
Emaar
Completed
2009
Service charge
AED 11,200 /yr
Last sold
AED 4.2M · March 2014
Community
Zulal 1

About V051, Zulal 1

V051 is a three-bedroom villa of 2,711 sqft in Zulal 1, a villa community in The Lakes completed in 2009 by Emaar. It last sold on 27 March 2014 for AED 4,200,000, or AED 1,549 per sqft, 18% above the AED 1,310 three-beds in the community were fetching at the time.

One Ejari contract is registered, from 1 August 2012. The current contract, signed on 1 August 2012, is AED 165,000 a year: a gross yield of 3.9% on the 2014 price, before the service charge of about AED 11,200 a year.

Sales and rents for V051 over time

Sales
Villa V051, 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, May 2008: AED 2,604,417 (AED 960 per sqft)Sold, May 2008: AED 3,202,200 (AED 1,181 per sqft)Sold, August 2013: AED 3,320,000 (AED 1,224 per sqft)Sold, March 2014: AED 4,200,000 (AED 1,549 per sqft)

V051 has sold 4 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa V051, 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, August 2012: AED 165,000 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 V051 sits

All 150 3-beds →

V051 last sold in March 2014 at AED 1,549 per sqft, 18% above what three-beds in Zulal 1 were fetching at the time (AED 1,310). V051's AED 165,000 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 →

V051, Zulal 1 in numbers

  • Sold 4 times: first on 20 May 2008 for AED 3,202,200, last on 27 March 2014 for AED 4,200,000 (AED 1,549 per sqft).
  • Rented since August 2012 on one Ejari contract, at AED 165,000 a year.
  • At AED 165,000 a year the gross yield on the 2014 price is 3.9%, before a service charge of about AED 11,200 a year (AED 4.14 per sqft).

Source: Dubai Land Department. Updated 27 March 2014.

Questions about V051, Zulal 1

What did villa V051 last sell for?

AED 4,200,000 on 27 March 2014: AED 1,549 per sqft for 2,711 sqft. The villa has 4 registered sales; the first was AED 3,202,200 in May 2008.

What is the rent for villa V051?

AED 165,000 a year on the contract signed on 1 August 2012.

How big is villa V051?

2,711 sqft (251.9 sqm): a three-bedroom villa in Zulal 1, completed in 2009.

What is villa V051 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 V051, Zulal 1

Starts from the last sale price (AED 4.2M, 27 March 2014). Switch to today's estimate once you have unlocked it.
Price
AED 4,200,000
Deposit, UAE resident (20%)
AED 840,000
Deposit, non-resident (40%)
AED 1,680,000
Monthly over 25 years at 3.7%
AED 17,184

Plus AED 181,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →