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

V097, Zulal 1

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

Villa V097 · DLD and Ejari recordsUpdated 9 May 2019
Last soldAED 2.4M9 May 2019
Current rentAED 150K /yr1 July 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V097, Zulal 1

What is V097 worth today?

Last sold for AED 2,400,000 in 2019

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9 May 2019SoldReady
AED 2,400,000AED 989 per sqft
1 Jul 2015RentedRenewal
AED 150,005/yr12 months · AED 62 per sqft
1 Mar 2014RentedRenewal
AED 144,000/yr16 months · AED 59 per sqft
21 Oct 2012RentedNew contract
AED 150,000/yr16 months · AED 62 per sqft
19 Nov 2008Sold by developerReady
AED 2,665,888AED 1,099 per sqft
19 Nov 2008SoldReady
AED 1,673,750AED 690 per sqft

Source: Dubai Land Department. Updated 9 May 2019.

Key facts

Type
3-bed villa
Size
2,425 sqft
Developer
Emaar
Completed
2009
Service charge
AED 10,000 /yr
Last sold
AED 2.4M · May 2019
Community
Zulal 1

About V097, Zulal 1

V097 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 9 May 2019 for AED 2,400,000, or AED 989 per sqft, in line with the AED 989 three-beds in the community were fetching at the time.

It has been rented since 2012 on 3 Ejari contracts. The current contract, renewed on 1 July 2015, is AED 150,005 a year: a gross yield of 6.3% on the 2019 price, before the service charge of about AED 10,000 a year.

Sales and rents for V097 over time

Sales
Villa V097, 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, November 2008: AED 2,665,888 (AED 1,099 per sqft)Sold, November 2008: AED 1,673,750 (AED 690 per sqft)Sold, May 2019: AED 2,400,000 (AED 989 per sqft)

V097 has sold 3 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa V097, 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, October 2012: AED 150,000 a yearRenewal, March 2014: AED 144,000 a yearRenewal, July 2015: AED 150,005 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 V097 sits

All 150 3-beds →

V097 last sold in May 2019 at AED 989 per sqft, in line with what three-beds in Zulal 1 were fetching at the time (AED 989). V097's AED 150,005 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 →

V097, Zulal 1 in numbers

  • Sold 3 times: first on 19 November 2008 for AED 1,673,750, last on 9 May 2019 for AED 2,400,000 (AED 989 per sqft).
  • Rented since October 2012 on 3 Ejari contracts, from AED 150,000 to AED 150,005 a year.
  • At AED 150,005 a year the gross yield on the 2019 price is 6.3%, before a service charge of about AED 10,000 a year (AED 4.14 per sqft).

Source: Dubai Land Department. Updated 9 May 2019.

Questions about V097, Zulal 1

What did villa V097 last sell for?

AED 2,400,000 on 9 May 2019: AED 989 per sqft for 2,425 sqft. The villa has 3 registered sales; the first was AED 1,673,750 in November 2008.

What is the rent for villa V097?

AED 150,005 a year on the contract renewed on 1 July 2015. The previous contract, from March 2014, was AED 144,000; the villa has been rented since October 2012.

How big is villa V097?

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

What is villa V097 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 V097, Zulal 1

Starts from the last sale price (AED 2.4M, 9 May 2019). Switch to today's estimate once you have unlocked it.
Price
AED 2,400,000
Deposit, UAE resident (20%)
AED 480,000
Deposit, non-resident (40%)
AED 960,000
Monthly over 25 years at 3.7%
AED 9,819

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