3-bed · 2,577 sqftZulal 1, The Lakes · completed 2009

V071, Zulal 1

Sold prices and rental history: sold 4 times, last in February 2024, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V071 · DLD and Ejari recordsUpdated 15 February 2024
Last soldAED 4.95M15 February 2024
Current rentAED 191K /yr15 August 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for V071, Zulal 1

What is V071 worth today?

Last sold for AED 4,950,000 in 2024

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15 Feb 2024SoldReady
AED 4,950,000AED 1,920 per sqft
29 Dec 2019SoldReady
AED 2,250,000AED 873 per sqft
15 Aug 2019RentedRenewal
AED 190,903/yr6 months · AED 74 per sqft
15 Aug 2018RentedRenewal
AED 190,000/yr12 months · AED 74 per sqft
15 Aug 2017RentedNew contract
AED 190,000/yr12 months · AED 74 per sqft
13 Feb 2017RentedRenewal
AED 205,000/yr12 months · AED 80 per sqft
13 Feb 2015RentedNew contract
AED 205,000/yr12 months · AED 80 per sqft
15 Jun 2008Sold by developerReady
AED 1,468,237AED 569 per sqft

Source: Dubai Land Department. Updated 15 February 2024.

Key facts

Type
3-bed villa
Size
2,577 sqft
Developer
Emaar
Completed
2009
Service charge
AED 10,700 /yr
Last sold
AED 4.95M · February 2024
Community
Zulal 1

About V071, Zulal 1

V071 is a three-bedroom villa of 2,577 sqft in Zulal 1, a villa community in The Lakes completed in 2009 by Emaar. It last sold on 15 February 2024 for AED 4,950,000, or AED 1,920 per sqft, 15% above the AED 1,670 three-beds in the community were fetching at the time.

It has been rented continuously since 2015 on 5 Ejari contracts. The current contract, renewed on 15 August 2019, is AED 190,903 a year: a gross yield of 3.9% on the 2024 price, before the service charge of about AED 10,700 a year.

Sales and rents for V071 over time

Sales
Villa V071, 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, June 2008: AED 1,468,237 (AED 569 per sqft)Sold, June 2008: AED 2,515,177 (AED 975 per sqft)Sold, December 2019: AED 2,250,000 (AED 873 per sqft)Sold, February 2024: AED 4,950,000 (AED 1,920 per sqft)

V071 has sold 4 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa V071, 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, February 2015: AED 205,000 a yearRenewal, February 2017: AED 205,000 a yearNew contract, August 2017: AED 190,000 a yearRenewal, August 2018: AED 190,000 a yearRenewal, August 2019: AED 190,903 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 V071 sits

All 150 3-beds →

V071 last sold in February 2024 at AED 1,920 per sqft, 15% above what three-beds in Zulal 1 were fetching at the time (AED 1,670). V071's AED 190,903 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 →

V071, Zulal 1 in numbers

  • Sold 4 times: first on 15 June 2008 for AED 2,515,177, last on 15 February 2024 for AED 4,950,000 (AED 1,920 per sqft).
  • Rented since February 2015 on 5 Ejari contracts, from AED 205,000 to AED 190,903 a year.
  • At AED 190,903 a year the gross yield on the 2024 price is 3.9%, before a service charge of about AED 10,700 a year (AED 4.14 per sqft).

Source: Dubai Land Department. Updated 15 February 2024.

Questions about V071, Zulal 1

What did villa V071 last sell for?

AED 4,950,000 on 15 February 2024: AED 1,920 per sqft for 2,577 sqft. The villa has 4 registered sales; the first was AED 2,515,177 in June 2008.

What is the rent for villa V071?

AED 190,903 a year on the contract renewed on 15 August 2019. The previous contract, from August 2018, was AED 190,000; the villa has been rented since February 2015.

How big is villa V071?

2,577 sqft (239.4 sqm): a three-bedroom villa in Zulal 1, completed in 2009.

What is villa V071 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 V071, Zulal 1

Starts from the last sale price (AED 4.95M, 15 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 4,950,000
Deposit, UAE resident (20%)
AED 990,000
Deposit, non-resident (40%)
AED 1,980,000
Monthly over 25 years at 3.7%
AED 20,252

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