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

V056, Zulal 1

Sold prices and rental history: sold 4 times, last in August 2021, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V056 · DLD and Ejari recordsUpdated 16 August 2021
Last soldAED 3.45M16 August 2021
Current rentAED 250K /yr1 July 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V056, Zulal 1

What is V056 worth today?

Last sold for AED 3,450,000 in 2021

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16 Aug 2021SoldReady
AED 3,450,000AED 1,544 per sqft
1 Jul 2020RentedNew contract
AED 250,000/yr12 months · AED 112 per sqft
1 Jul 2019RentedNew contract
AED 250,000/yr12 months · AED 112 per sqft
4 Jan 2018SoldReady
AED 2,500,000AED 1,119 per sqft
15 Oct 2017RentedNew contract
AED 175,000/yr12 months · AED 78 per sqft
14 Oct 2016RentedRenewal
AED 200,557/yr12 months · AED 90 per sqft
15 Oct 2015RentedRenewal
AED 200,557/yr12 months · AED 90 per sqft
15 Oct 2014RentedNew contract
AED 200,000/yr12 months · AED 90 per sqft

Source: Dubai Land Department. Updated 16 August 2021.

Key facts

Type
3-bed villa
Size
2,233 sqft
Developer
Emaar
Completed
2009
Service charge
AED 9,200 /yr
Last sold
AED 3.45M · August 2021
Community
Zulal 1

About V056, Zulal 1

V056 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 16 August 2021 for AED 3,450,000, or AED 1,544 per sqft, 40% above the AED 1,105 three-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, signed on 1 July 2020, is AED 250,000 a year: a gross yield of 7.2% on the 2021 price, before the service charge of about AED 9,200 a year.

Sales and rents for V056 over time

Sales
Villa V056, 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, July 2010: AED 1,540,000 (AED 689 per sqft)Sold, June 2013: AED 3,150,000 (AED 1,410 per sqft)Sold, January 2018: AED 2,500,000 (AED 1,119 per sqft)Sold, August 2021: AED 3,450,000 (AED 1,544 per sqft)

V056 has sold 4 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa V056, 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 2013: AED 200,000 a yearNew contract, October 2014: AED 200,000 a yearRenewal, October 2015: AED 200,557 a yearRenewal, October 2016: AED 200,557 a yearNew contract, October 2017: AED 175,000 a yearNew contract, July 2019: AED 250,000 a yearNew contract, July 2020: AED 250,000 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 V056 sits

All 150 3-beds →

V056 last sold in August 2021 at AED 1,544 per sqft, 40% above what three-beds in Zulal 1 were fetching at the time (AED 1,105). V056's AED 250,000 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 →

V056, Zulal 1 in numbers

  • Sold 4 times: first on 25 July 2010 for AED 1,540,000, last on 16 August 2021 for AED 3,450,000 (AED 1,544 per sqft).
  • Rented since October 2013 on 7 Ejari contracts. The rent fell from AED 200,000 to AED 175,000 in 2017 and recovered to AED 250,000 by July 2020.
  • At AED 250,000 a year the gross yield on the 2021 price is 7.2%, before a service charge of about AED 9,200 a year (AED 4.14 per sqft).

Source: Dubai Land Department. Updated 16 August 2021.

Questions about V056, Zulal 1

What did villa V056 last sell for?

AED 3,450,000 on 16 August 2021: AED 1,544 per sqft for 2,233 sqft. The villa has 4 registered sales; the first was AED 1,540,000 in July 2010.

What is the rent for villa V056?

AED 250,000 a year on the contract signed on 1 July 2020. The previous contract, from July 2019, was AED 250,000; the villa has been rented since October 2013.

How big is villa V056?

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

What is villa V056 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 V056, Zulal 1

Starts from the last sale price (AED 3.45M, 16 August 2021). Switch to today's estimate once you have unlocked it.
Price
AED 3,450,000
Deposit, UAE resident (20%)
AED 690,000
Deposit, non-resident (40%)
AED 1,380,000
Monthly over 25 years at 3.7%
AED 14,115

Plus AED 149,910 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →