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

V104, Zulal 1

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

Villa V104 · DLD and Ejari recordsUpdated 3 January 2022
Last soldAED 2.05M3 January 2022
Current rentAED 175K /yr1 December 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V104, Zulal 1

What is V104 worth today?

Last sold for AED 2,050,000 in 2022

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3 Jan 2022SoldReady
AED 2,050,000AED 680 per sqft
1 Dec 2020RentedRenewal
AED 175,000/yr13 months · AED 58 per sqft
7 Sep 2018RentedRenewal
AED 205,000/yr12 months · AED 68 per sqft
7 Sep 2017RentedNew contract
AED 215,000/yr12 months · AED 71 per sqft
1 Aug 2016RentedNew contract
AED 225,000/yr12 months · AED 75 per sqft
27 Jul 2015RentedNew contract
AED 225,000/yr12 months · AED 75 per sqft
1 Jul 2014RentedNew contract
AED 230,000/yr12 months · AED 76 per sqft
1 Jul 2013RentedNew contract
AED 215,000/yr12 months · AED 71 per sqft

Source: Dubai Land Department. Updated 3 January 2022.

Key facts

Type
3-bed villa
Size
3,011 sqft
Developer
Emaar
Completed
2009
Service charge
AED 12,500 /yr
Last sold
AED 2.05M · January 2022
Community
Zulal 1

About V104, Zulal 1

V104 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 3 January 2022 for AED 2,050,000, or AED 680 per sqft, 41% below the AED 1,149 three-beds in the community were fetching at the time.

It has been rented continuously since 2012 on 8 Ejari contracts. The current contract, renewed on 1 December 2020, is AED 175,000 a year: a gross yield of 8.5% on the 2022 price, before the service charge of about AED 12,500 a year.

Sales and rents for V104 over time

Sales
Villa V104, 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, October 2008: AED 3,529,888 (AED 1,172 per sqft)Sold, January 2022: AED 2,050,000 (AED 680 per sqft)

V104 has sold twice; the dashed line is the three-bed median of each year in the community.

Rents
Villa V104, 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, July 2012: AED 205,000 a yearNew contract, July 2013: AED 215,000 a yearNew contract, July 2014: AED 230,000 a yearNew contract, July 2015: AED 225,000 a yearNew contract, August 2016: AED 225,000 a yearNew contract, September 2017: AED 215,000 a yearRenewal, September 2018: AED 205,000 a yearRenewal, December 2020: AED 175,000 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 V104 sits

All 150 3-beds →

V104 last sold in January 2022 at AED 680 per sqft, 41% below what three-beds in Zulal 1 were fetching at the time (AED 1,149). V104's AED 175,000 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 →

V104, Zulal 1 in numbers

  • Sold twice: first on 12 October 2008 for AED 3,529,888, last on 3 January 2022 for AED 2,050,000 (AED 680 per sqft).
  • Rented since July 2012 on 8 Ejari contracts, from AED 205,000 to AED 175,000 a year.
  • At AED 175,000 a year the gross yield on the 2022 price is 8.5%, before a service charge of about AED 12,500 a year (AED 4.14 per sqft).

Source: Dubai Land Department. Updated 3 January 2022.

Questions about V104, Zulal 1

What did villa V104 last sell for?

AED 2,050,000 on 3 January 2022: AED 680 per sqft for 3,011 sqft. The villa has 2 registered sales; the first was AED 3,529,888 in October 2008.

What is the rent for villa V104?

AED 175,000 a year on the contract renewed on 1 December 2020. The previous contract, from September 2018, was AED 205,000; the villa has been rented since July 2012.

How big is villa V104?

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

What is villa V104 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 V104, Zulal 1

Starts from the last sale price (AED 2.05M, 3 January 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,050,000
Deposit, UAE resident (20%)
AED 410,000
Deposit, non-resident (40%)
AED 820,000
Monthly over 25 years at 3.7%
AED 8,387

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