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3-bed · 2,567 sqftZulal 1, The Lakes · completed 2009

V057, Zulal 1

Sold prices and rental history: sold 3 times, last in December 2019, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V057 · DLD and Ejari recordsUpdated 16 December 2019
Last soldAED 2.25M16 December 2019
Current rentAED 157K /yr7 May 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V057, Zulal 1

What is V057 worth today?

Last sold for AED 2,250,000 in 2019

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16 Dec 2019SoldReady
AED 2,250,000AED 876 per sqft
7 May 2019RentedNew contract
AED 157,320/yr12 months · AED 61 per sqft
7 Apr 2017RentedRenewal
AED 180,000/yr12 months · AED 70 per sqft
7 Apr 2016RentedNew contract
AED 180,000/yr12 months · AED 70 per sqft
20 Jan 2015RentedNew contract
AED 195,000/yr12 months · AED 76 per sqft
10 Jul 2013RentedNew contract
AED 180,000/yr12 months · AED 70 per sqft
17 Mar 2012RentedNew contract
AED 140,000/yr12 months · AED 55 per sqft
23 Jun 2008Sold by developerReady
AED 2,664,217AED 1,037 per sqft

Source: Dubai Land Department. Updated 16 December 2019.

Key facts

Type
3-bed villa
Size
2,567 sqft
Developer
Emaar
Completed
2009
Service charge
AED 10,600 /yr
Last sold
AED 2.25M · December 2019
Community
Zulal 1

About V057, Zulal 1

V057 is a three-bedroom villa of 2,567 sqft in Zulal 1, a villa community in The Lakes completed in 2009 by Emaar. It last sold on 16 December 2019 for AED 2,250,000, or AED 876 per sqft, in line with the AED 883 three-beds in the community were fetching at the time.

It has been rented continuously since 2012 on 6 Ejari contracts. The current contract, signed on 7 May 2019, is AED 157,320 a year: a gross yield of 7.0% on the 2019 price, before the service charge of about AED 10,600 a year.

Sales and rents for V057 over time

Sales
Villa V057, 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 2,664,217 (AED 1,037 per sqft)Sold, June 2008: AED 1,620,000 (AED 631 per sqft)Sold, December 2019: AED 2,250,000 (AED 876 per sqft)

V057 has sold 3 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa V057, 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, March 2012: AED 140,000 a yearNew contract, July 2013: AED 180,000 a yearNew contract, January 2015: AED 195,000 a yearNew contract, April 2016: AED 180,000 a yearRenewal, April 2017: AED 180,000 a yearNew contract, May 2019: AED 157,320 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 V057 sits

All 150 3-beds →

V057 last sold in December 2019 at AED 876 per sqft, in line with what three-beds in Zulal 1 were fetching at the time (AED 883). V057's AED 157,320 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 →

V057, Zulal 1 in numbers

  • Sold 3 times: first on 23 June 2008 for AED 1,620,000, last on 16 December 2019 for AED 2,250,000 (AED 876 per sqft).
  • Rented since March 2012 on 6 Ejari contracts, from AED 140,000 to AED 157,320 a year.
  • At AED 157,320 a year the gross yield on the 2019 price is 7.0%, before a service charge of about AED 10,600 a year (AED 4.14 per sqft).

Source: Dubai Land Department. Updated 16 December 2019.

Questions about V057, Zulal 1

What did villa V057 last sell for?

AED 2,250,000 on 16 December 2019: AED 876 per sqft for 2,567 sqft. The villa has 3 registered sales; the first was AED 1,620,000 in June 2008.

What is the rent for villa V057?

AED 157,320 a year on the contract signed on 7 May 2019. The previous contract, from April 2017, was AED 180,000; the villa has been rented since March 2012.

How big is villa V057?

2,567 sqft (238.5 sqm): a three-bedroom villa in Zulal 1, completed in 2009.

What is villa V057 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 V057, Zulal 1

Starts from the last sale price (AED 2.25M, 16 December 2019). Switch to today's estimate once you have unlocked it.
Price
AED 2,250,000
Deposit, UAE resident (20%)
AED 450,000
Deposit, non-resident (40%)
AED 900,000
Monthly over 25 years at 3.7%
AED 9,205

Plus AED 99,510 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →