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3-bed · 2,425 sqftZulal 1, The Lakes · completed 2009

V060, Zulal 1

Sold prices and rental history: sold 3 times, last in June 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V060 · DLD and Ejari recordsUpdated 8 June 2023
Last soldAED 4.2M8 June 2023
Current rentAED 200K /yr10 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V060, Zulal 1

What is V060 worth today?

Last sold for AED 4,200,000 in 2023

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8 Jun 2023SoldReady
AED 4,200,000AED 1,731 per sqft
10 Sep 2022RentedRenewal
AED 200,000/yr12 months · AED 82 per sqft
10 Sep 2021RentedRenewal
AED 200,000/yr12 months · AED 82 per sqft
10 Sep 2020RentedNew contract
AED 200,000/yr12 months · AED 82 per sqft
21 Dec 2017SoldReady
AED 2,690,000AED 1,109 per sqft
30 Nov 2017RentedNew contract · flagged as an outlier
AED 1,600,000/yr12 months · AED 660 per sqft
14 Dec 2016RentedNew contract
AED 211,861/yr12 months · AED 87 per sqft
15 Dec 2015RentedRenewal
AED 213,000/yr12 months · AED 88 per sqft

Source: Dubai Land Department. Updated 8 June 2023.

Key facts

Type
3-bed villa
Size
2,425 sqft
Developer
Emaar
Completed
2009
Service charge
AED 10,000 /yr
Last sold
AED 4.2M · June 2023
Community
Zulal 1

About V060, Zulal 1

V060 is a three-bedroom villa of 2,425 sqft in Zulal 1, a villa community in The Lakes completed in 2009 by Emaar. It last sold on 8 June 2023 for AED 4,200,000, or AED 1,731 per sqft, 21% above the AED 1,430 three-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, renewed on 10 September 2022, is AED 200,000 a year: a gross yield of 4.8% on the 2023 price, before the service charge of about AED 10,000 a year.

Sales and rents for V060 over time

Sales
Villa V060, 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, September 2010: AED 1,286,444 (AED 530 per sqft)Sold, December 2017: AED 2,690,000 (AED 1,109 per sqft)Sold, June 2023: AED 4,200,000 (AED 1,731 per sqft)

V060 has sold 3 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa V060, 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, July 2013: AED 190,000 a yearNew contract, December 2014: AED 210,000 a yearRenewal, December 2015: AED 213,000 a yearNew contract, December 2016: AED 211,861 a yearNew contract, September 2020: AED 200,000 a yearRenewal, September 2021: AED 200,000 a yearRenewal, September 2022: AED 200,000 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 V060 sits

All 150 3-beds →

V060 last sold in June 2023 at AED 1,731 per sqft, 21% above what three-beds in Zulal 1 were fetching at the time (AED 1,430). V060's AED 200,000 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 →

V060, Zulal 1 in numbers

  • Sold 3 times: first on 5 September 2010 for AED 1,286,444, last on 8 June 2023 for AED 4,200,000 (AED 1,731 per sqft).
  • Rented since July 2013 on 8 Ejari contracts, from AED 190,000 to AED 200,000 a year.
  • At AED 200,000 a year the gross yield on the 2023 price is 4.8%, before a service charge of about AED 10,000 a year (AED 4.14 per sqft).

Source: Dubai Land Department. Updated 8 June 2023.

Questions about V060, Zulal 1

What did villa V060 last sell for?

AED 4,200,000 on 8 June 2023: AED 1,731 per sqft for 2,425 sqft. The villa has 3 registered sales; the first was AED 1,286,444 in September 2010.

What is the rent for villa V060?

AED 200,000 a year on the contract renewed on 10 September 2022. The previous contract, from September 2021, was AED 200,000; the villa has been rented since July 2013.

How big is villa V060?

2,425 sqft (225.3 sqm): a three-bedroom villa in Zulal 1, completed in 2009.

What is villa V060 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 V060, Zulal 1

Starts from the last sale price (AED 4.2M, 8 June 2023). 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 the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →