3-bed · 2,240 sqftZulal 1, The Lakes · completed 2009

V098, Zulal 1

Sold prices and rental history: sold once, by the developer in November 2008, and rented since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V098 · DLD and Ejari recordsUpdated 1 January 2014
Last soldAED 1.36M20 November 2008
Current rentAED 120K /yr1 January 2014
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for V098, Zulal 1

What is V098 worth today?

Last sold for AED 1,355,944 in 2008

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1 Jan 2014RentedNew contract
AED 120,000/yr12 months · AED 54 per sqft
1 Jan 2012RentedNew contract
AED 120,000/yr24 months · AED 54 per sqft
20 Nov 2008Sold by developerReady
AED 1,355,944AED 605 per sqft

Source: Dubai Land Department. Updated 1 January 2014.

Key facts

Type
3-bed villa
Size
2,240 sqft
Developer
Emaar
Completed
2009
Service charge
AED 9,300 /yr
Last sold
AED 1.36M · November 2008
Community
Zulal 1

About V098, Zulal 1

V098 is a three-bedroom villa of 2,240 sqft in Zulal 1, a villa community in The Lakes completed in 2009 by Emaar. The developer sold it on 20 November 2008 for AED 1,355,944, or AED 605 per sqft, 42% below the AED 1,047 three-beds in the community were fetching at the time.

It has been rented since 2012 on 2 Ejari contracts. The current contract, signed on 1 January 2014, is AED 120,000 a year: a gross yield of 8.8% on the 2008 price, before the service charge of about AED 9,300 a year.

Sales and rents for V098 over time

Sales
Villa V098, 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, November 2008: AED 1,355,944 (AED 605 per sqft)

V098 has sold once; the dashed line is the three-bed median of each year in the community.

Rents
Villa V098, each contractTypical three-bed in Zulal 1
100K200K300K2012201620202024Typical 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, January 2012: AED 120,000 a yearNew contract, January 2014: AED 120,000 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 V098 sits

All 150 3-beds →

V098 last sold in November 2008 at AED 605 per sqft, 42% below what three-beds in Zulal 1 were fetching at the time (AED 1,047). V098's AED 120,000 is at the bottom 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 →

V098, Zulal 1 in numbers

  • Sold once: by Emaar on 20 November 2008 for AED 1,355,944, or AED 605 per sqft.
  • Rented since January 2012 on 2 Ejari contracts, at AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2008 price is 8.8%, before a service charge of about AED 9,300 a year (AED 4.14 per sqft).

Source: Dubai Land Department. Updated 1 January 2014.

Questions about V098, Zulal 1

What did villa V098 last sell for?

AED 1,355,944 on 20 November 2008, sold by the developer: AED 605 per sqft for 2,240 sqft. It is the only registered sale of the villa.

What is the rent for villa V098?

AED 120,000 a year on the contract signed on 1 January 2014. The previous contract, from January 2012, was AED 120,000.

How big is villa V098?

2,240 sqft (208.1 sqm): a three-bedroom villa in Zulal 1, completed in 2009.

What is villa V098 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 V098, Zulal 1

Starts from the last sale price (AED 1.36M, 20 November 2008). Switch to today's estimate once you have unlocked it.
Price
AED 1,355,944
Deposit, UAE resident (20%)
AED 271,189
Deposit, non-resident (40%)
AED 542,378
Monthly over 25 years at 3.7%
AED 5,548

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