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3-bed · 3,013 sqftZulal 1, The Lakes · completed 2009

V111, Zulal 1

Sold prices and rental history: sold 4 times, last in March 2024, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V111 · DLD and Ejari recordsUpdated 26 March 2024
Last soldAED 5.4M26 March 2024
Current rentAED 240K /yr3 January 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V111, Zulal 1

What is V111 worth today?

Last sold for AED 5,400,000 in 2024

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26 Mar 2024SoldReady
AED 5,400,000AED 1,792 per sqft
16 Jan 2017SoldReady
AED 3,850,000AED 1,277 per sqft
3 Jan 2016RentedNew contract
AED 240,000/yr12 months · AED 80 per sqft
25 Sep 2014RentedNew contract
AED 240,000/yr12 months · AED 80 per sqft
25 Sep 2013RentedNew contract
AED 240,000/yr12 months · AED 80 per sqft
12 Nov 2008Sold by developerReady
AED 4,490,685AED 1,490 per sqft
12 Nov 2008SoldReady
AED 3,159,888AED 1,048 per sqft

Source: Dubai Land Department. Updated 26 March 2024.

Key facts

Type
3-bed villa
Size
3,013 sqft
Developer
Emaar
Completed
2009
Service charge
AED 12,500 /yr
Last sold
AED 5.4M · March 2024
Community
Zulal 1

About V111, Zulal 1

V111 is a three-bedroom villa of 3,013 sqft in Zulal 1, a villa community in The Lakes completed in 2009 by Emaar. It last sold on 26 March 2024 for AED 5,400,000, or AED 1,792 per sqft, 6% above the AED 1,697 three-beds in the community were fetching at the time.

It has been rented since 2013 on 3 Ejari contracts. The current contract, signed on 3 January 2016, is AED 240,000 a year: a gross yield of 4.4% on the 2024 price, before the service charge of about AED 12,500 a year.

Sales and rents for V111 over time

Sales
Villa V111, 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 4,490,685 (AED 1,490 per sqft)Sold, November 2008: AED 3,159,888 (AED 1,048 per sqft)Sold, January 2017: AED 3,850,000 (AED 1,277 per sqft)Sold, March 2024: AED 5,400,000 (AED 1,792 per sqft)

V111 has sold 4 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa V111, 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, September 2013: AED 240,000 a yearNew contract, September 2014: AED 240,000 a yearNew contract, January 2016: AED 240,000 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 V111 sits

All 150 3-beds →

V111 last sold in March 2024 at AED 1,792 per sqft, 6% above what three-beds in Zulal 1 were fetching at the time (AED 1,697). V111's AED 240,000 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 →

V111, Zulal 1 in numbers

  • Sold 4 times: first on 12 November 2008 for AED 3,159,888, last on 26 March 2024 for AED 5,400,000 (AED 1,792 per sqft).
  • Rented since September 2013 on 3 Ejari contracts, at AED 240,000 a year.
  • At AED 240,000 a year the gross yield on the 2024 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 26 March 2024.

Questions about V111, Zulal 1

What did villa V111 last sell for?

AED 5,400,000 on 26 March 2024: AED 1,792 per sqft for 3,013 sqft. The villa has 4 registered sales; the first was AED 3,159,888 in November 2008.

What is the rent for villa V111?

AED 240,000 a year on the contract signed on 3 January 2016. The previous contract, from September 2014, was AED 240,000; the villa has been rented since September 2013.

How big is villa V111?

3,013 sqft (279.9 sqm): a three-bedroom villa in Zulal 1, completed in 2009.

What is villa V111 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 V111, Zulal 1

Starts from the last sale price (AED 5.4M, 26 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 5,400,000
Deposit, UAE resident (20%)
AED 1,080,000
Deposit, non-resident (40%)
AED 2,160,000
Monthly over 25 years at 3.7%
AED 22,093

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