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

V089, Zulal 1

Sold prices and rental history: sold 4 times, last in January 2016, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V089 · DLD and Ejari recordsUpdated 28 May 2024
Last soldAED 3.7M10 January 2016
Current rentAED 250K /yr28 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V089, Zulal 1

What is V089 worth today?

Last sold for AED 3,700,000 in 2016

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28 May 2024RentedNew contract
AED 250,000/yr24 months · AED 103 per sqft
28 Mar 2021RentedNew contract
AED 175,000/yr12 months · AED 72 per sqft
21 Jan 2020RentedRenewal
AED 172,000/yr12 months · AED 71 per sqft
21 Jan 2019RentedNew contract
AED 177,000/yr12 months · AED 73 per sqft
10 Jan 2016SoldReady
AED 3,700,000AED 1,528 per sqft
24 May 2015SoldReady
AED 2,825,000AED 1,166 per sqft
15 Aug 2014RentedRenewal
AED 196,364/yr11 months · AED 81 per sqft
15 Aug 2013RentedNew contract
AED 150,000/yr12 months · AED 62 per sqft

Source: Dubai Land Department. Updated 28 May 2024.

Key facts

Type
3-bed villa
Size
2,421 sqft
Developer
Emaar
Completed
2009
Service charge
AED 10,000 /yr
Last sold
AED 3.7M · January 2016
Community
Zulal 1

About V089, Zulal 1

V089 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 10 January 2016 for AED 3,700,000, or AED 1,528 per sqft, 23% above the AED 1,241 three-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, signed on 28 May 2024, is AED 250,000 a year: a gross yield of 6.8% on the 2016 price, before the service charge of about AED 10,000 a year.

Sales and rents for V089 over time

Sales
Villa V089, 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, July 2008: AED 2,534,497 (AED 1,046 per sqft)Sold, July 2008: AED 3,070,050 (AED 1,268 per sqft)Sold, May 2015: AED 2,825,000 (AED 1,166 per sqft)Sold, January 2016: AED 3,700,000 (AED 1,528 per sqft)

V089 has sold 4 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa V089, 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, August 2013: AED 150,000 a yearRenewal, August 2014: AED 196,364 a yearNew contract, January 2019: AED 177,000 a yearRenewal, January 2020: AED 172,000 a yearNew contract, March 2021: AED 175,000 a yearNew contract, May 2024: 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 V089 sits

All 150 3-beds →

V089 last sold in January 2016 at AED 1,528 per sqft, 23% above what three-beds in Zulal 1 were fetching at the time (AED 1,241). V089'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 →

V089, Zulal 1 in numbers

  • Sold 4 times: first on 28 July 2008 for AED 3,070,050, last on 10 January 2016 for AED 3,700,000 (AED 1,528 per sqft).
  • Rented since August 2013 on 6 Ejari contracts, from AED 150,000 to AED 250,000 a year.
  • At AED 250,000 a year the gross yield on the 2016 price is 6.8%, before a service charge of about AED 10,000 a year (AED 4.14 per sqft).

Source: Dubai Land Department. Updated 28 May 2024.

Questions about V089, Zulal 1

What did villa V089 last sell for?

AED 3,700,000 on 10 January 2016: AED 1,528 per sqft for 2,421 sqft. The villa has 4 registered sales; the first was AED 3,070,050 in July 2008.

What is the rent for villa V089?

AED 250,000 a year on the contract signed on 28 May 2024. The previous contract, from March 2021, was AED 175,000; the villa has been rented since August 2013.

How big is villa V089?

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

What is villa V089 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 V089, Zulal 1

Starts from the last sale price (AED 3.7M, 10 January 2016). Switch to today's estimate once you have unlocked it.
Price
AED 3,700,000
Deposit, UAE resident (20%)
AED 740,000
Deposit, non-resident (40%)
AED 1,480,000
Monthly over 25 years at 3.7%
AED 15,138

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