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3-bed · 2,421 sqftZulal 1, The Lakes · completed 2009

V088, Zulal 1

Sold prices and rental history: sold 4 times, last in June 2022, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V088 · DLD and Ejari recordsUpdated 20 July 2023
Last soldAED 3.6M27 June 2022
Current rentAED 213K /yr20 July 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V088, Zulal 1

What is V088 worth today?

Last sold for AED 3,600,000 in 2022

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20 Jul 2023RentedRenewal
AED 212,500/yr10 months · AED 88 per sqft
20 Jul 2022RentedNew contract
AED 212,500/yr12 months · AED 88 per sqft
27 Jun 2022SoldReady
AED 3,600,000AED 1,487 per sqft
20 Sep 2020RentedNew contract
AED 145,000/yr36 months · AED 60 per sqft
20 Sep 2020RentedNew contract
AED 145,000/yr12 months · AED 60 per sqft
2 Nov 2016SoldReady
AED 3,750,000AED 1,549 per sqft
26 Nov 2014SoldReady
AED 3,350,000AED 1,383 per sqft
8 May 2013RentedNew contract
AED 200,000/yr12 months · AED 83 per sqft

Source: Dubai Land Department. Updated 20 July 2023.

Key facts

Type
3-bed villa
Size
2,421 sqft
Developer
Emaar
Completed
2009
Service charge
AED 10,000 /yr
Last sold
AED 3.6M · June 2022
Community
Zulal 1

About V088, Zulal 1

V088 is a three-bedroom villa of 2,421 sqft in Zulal 1, a villa community in The Lakes completed in 2009 by Emaar. It last sold on 27 June 2022 for AED 3,600,000, or AED 1,487 per sqft, 12% above the AED 1,323 three-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, renewed on 20 July 2023, is AED 212,500 a year: a gross yield of 5.9% on the 2022 price, before the service charge of about AED 10,000 a year.

Sales and rents for V088 over time

Sales
Villa V088, 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, March 2011: AED 1,650,000 (AED 681 per sqft)Sold, November 2014: AED 3,350,000 (AED 1,383 per sqft)Sold, November 2016: AED 3,750,000 (AED 1,549 per sqft)Sold, June 2022: AED 3,600,000 (AED 1,487 per sqft)

V088 has sold 4 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa V088, 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, May 2013: AED 200,000 a yearNew contract, September 2020: AED 145,000 a yearNew contract, September 2020: AED 145,000 a yearNew contract, July 2022: AED 212,500 a yearRenewal, July 2023: AED 212,500 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 V088 sits

All 150 3-beds →

V088 last sold in June 2022 at AED 1,487 per sqft, 12% above what three-beds in Zulal 1 were fetching at the time (AED 1,323). V088's AED 212,500 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 →

V088, Zulal 1 in numbers

  • Sold 4 times: first on 1 March 2011 for AED 1,650,000, last on 27 June 2022 for AED 3,600,000 (AED 1,487 per sqft).
  • Rented since May 2013 on 5 Ejari contracts. The rent fell from AED 200,000 to AED 145,000 in 2020 and recovered to AED 212,500 by July 2023.
  • At AED 212,500 a year the gross yield on the 2022 price is 5.9%, before a service charge of about AED 10,000 a year (AED 4.14 per sqft).

Source: Dubai Land Department. Updated 20 July 2023.

Questions about V088, Zulal 1

What did villa V088 last sell for?

AED 3,600,000 on 27 June 2022: AED 1,487 per sqft for 2,421 sqft. The villa has 4 registered sales; the first was AED 1,650,000 in March 2011.

What is the rent for villa V088?

AED 212,500 a year on the contract renewed on 20 July 2023. The previous contract, from July 2022, was AED 212,500; the villa has been rented since May 2013.

How big is villa V088?

2,421 sqft (224.9 sqm): a three-bedroom villa in Zulal 1, completed in 2009.

What is villa V088 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 V088, Zulal 1

Starts from the last sale price (AED 3.6M, 27 June 2022). Switch to today's estimate once you have unlocked it.
Price
AED 3,600,000
Deposit, UAE resident (20%)
AED 720,000
Deposit, non-resident (40%)
AED 1,440,000
Monthly over 25 years at 3.7%
AED 14,729

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