3-bed · 3,011 sqftZulal 1, The Lakes · completed 2009

V103, Zulal 1

Sold prices and rental history: sold 3 times, last in September 2022, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V103 · DLD and Ejari recordsUpdated 2 September 2022
Last soldAED 3.9M2 September 2022
Current rentAED 170K /yr3 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for V103, Zulal 1

What is V103 worth today?

Last sold for AED 3,900,000 in 2022

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2 Sep 2022SoldReady
AED 3,900,000AED 1,295 per sqft
3 Mar 2022RentedRenewal
AED 170,000/yr10 months · AED 56 per sqft
1 Feb 2021RentedRenewal
AED 150,000/yr13 months · AED 50 per sqft
1 Feb 2019RentedNew contract
AED 175,000/yr12 months · AED 58 per sqft
24 Dec 2017RentedRenewal
AED 190,000/yr12 months · AED 63 per sqft
24 Dec 2016RentedNew contract
AED 190,000/yr12 months · AED 63 per sqft
1 Jul 2016RentedNew contract
AED 225,000/yr12 months · AED 75 per sqft
19 Apr 2015RentedNew contract
AED 245,000/yr12 months · AED 81 per sqft

Source: Dubai Land Department. Updated 2 September 2022.

Key facts

Type
3-bed villa
Size
3,011 sqft
Developer
Emaar
Completed
2009
Service charge
AED 12,500 /yr
Last sold
AED 3.9M · September 2022
Community
Zulal 1

About V103, Zulal 1

V103 is a three-bedroom villa of 3,011 sqft in Zulal 1, a villa community in The Lakes completed in 2009 by Emaar. It last sold on 2 September 2022 for AED 3,900,000, or AED 1,295 per sqft, in line with the AED 1,324 three-beds in the community were fetching at the time.

It has been rented continuously since 2012 on 10 Ejari contracts. The current contract, renewed on 3 March 2022, is AED 170,000 a year: a gross yield of 4.4% on the 2022 price, before the service charge of about AED 12,500 a year.

Sales and rents for V103 over time

Sales
Villa V103, 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, June 2008: AED 2,643,142 (AED 877 per sqft)Sold, June 2008: AED 4,080,000 (AED 1,354 per sqft)Sold, September 2022: AED 3,900,000 (AED 1,295 per sqft)

V103 has sold 3 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa V103, 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 2012: AED 200,000 a yearNew contract, April 2013: AED 215,000 a yearNew contract, April 2014: AED 236,500 a yearNew contract, April 2015: AED 245,000 a yearNew contract, July 2016: AED 225,000 a yearNew contract, December 2016: AED 190,000 a yearRenewal, December 2017: AED 190,000 a yearNew contract, February 2019: AED 175,000 a yearRenewal, February 2021: AED 150,000 a yearRenewal, March 2022: AED 170,000 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 V103 sits

All 150 3-beds →

V103 last sold in September 2022 at AED 1,295 per sqft, in line with what three-beds in Zulal 1 were fetching at the time (AED 1,324). V103's AED 170,000 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 →

V103, Zulal 1 in numbers

  • Sold 3 times: first on 25 June 2008 for AED 4,080,000, last on 2 September 2022 for AED 3,900,000 (AED 1,295 per sqft).
  • Rented since August 2012 on 10 Ejari contracts. The rent fell from AED 200,000 to AED 150,000 in 2021 and recovered to AED 170,000 by March 2022.
  • At AED 170,000 a year the gross yield on the 2022 price is 4.4%, before a service charge of about AED 12,500 a year (AED 4.14 per sqft).

Source: Dubai Land Department. Updated 2 September 2022.

Questions about V103, Zulal 1

What did villa V103 last sell for?

AED 3,900,000 on 2 September 2022: AED 1,295 per sqft for 3,011 sqft. The villa has 3 registered sales; the first was AED 4,080,000 in June 2008.

What is the rent for villa V103?

AED 170,000 a year on the contract renewed on 3 March 2022. The previous contract, from February 2021, was AED 150,000; the villa has been rented since August 2012.

How big is villa V103?

3,011 sqft (279.7 sqm): a three-bedroom villa in Zulal 1, completed in 2009.

What is villa V103 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 V103, Zulal 1

Starts from the last sale price (AED 3.9M, 2 September 2022). Switch to today's estimate once you have unlocked it.
Price
AED 3,900,000
Deposit, UAE resident (20%)
AED 780,000
Deposit, non-resident (40%)
AED 1,560,000
Monthly over 25 years at 3.7%
AED 15,956

Plus AED 168,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →