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3-bed · 2,577 sqftZulal 1, The Lakes · completed 2009

V119, Zulal 1

Sold prices and rental history: sold twice, last in December 2014, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V119 · DLD and Ejari recordsUpdated 18 December 2022
Last soldAED 3.36M11 December 2014
Current rentAED 155K /yr18 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V119, Zulal 1

What is V119 worth today?

Last sold for AED 3,360,000 in 2014

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18 Dec 2022RentedRenewal
AED 155,000/yr12 months · AED 60 per sqft
18 Dec 2021RentedRenewal
AED 155,000/yr12 months · AED 60 per sqft
18 Dec 2020RentedRenewal
AED 155,000/yr12 months · AED 60 per sqft
18 Dec 2019RentedRenewal
AED 170,000/yr12 months · AED 66 per sqft
18 Dec 2018RentedRenewal
AED 180,000/yr12 months · AED 70 per sqft
18 Dec 2016RentedRenewal
AED 200,000/yr12 months · AED 78 per sqft
18 Dec 2014RentedNew contract
AED 200,000/yr12 months · AED 78 per sqft
11 Dec 2014SoldReady
AED 3,360,000AED 1,303 per sqft

Source: Dubai Land Department. Updated 18 December 2022.

Key facts

Type
3-bed villa
Size
2,577 sqft
Developer
Emaar
Completed
2009
Service charge
AED 10,700 /yr
Last sold
AED 3.36M · December 2014
Community
Zulal 1

About V119, Zulal 1

V119 is a three-bedroom villa of 2,577 sqft in Zulal 1, a villa community in The Lakes completed in 2009 by Emaar. It last sold on 11 December 2014 for AED 3,360,000, or AED 1,303 per sqft, 15% below the AED 1,531 three-beds in the community were fetching at the time.

It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, renewed on 18 December 2022, is AED 155,000 a year: a gross yield of 4.6% on the 2014 price, before the service charge of about AED 10,700 a year.

Sales and rents for V119 over time

Sales
Villa V119, 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, April 2011: AED 1,486,944 (AED 576 per sqft)Sold, December 2014: AED 3,360,000 (AED 1,303 per sqft)

V119 has sold twice; the dashed line is the three-bed median of each year in the community.

Rents
Villa V119, 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, December 2014: AED 200,000 a yearRenewal, December 2016: AED 200,000 a yearRenewal, December 2018: AED 180,000 a yearRenewal, December 2019: AED 170,000 a yearRenewal, December 2020: AED 155,000 a yearRenewal, December 2021: AED 155,000 a yearRenewal, December 2022: AED 155,000 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 V119 sits

All 150 3-beds →

V119 last sold in December 2014 at AED 1,303 per sqft, 15% below what three-beds in Zulal 1 were fetching at the time (AED 1,531). V119's AED 155,000 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 →

V119, Zulal 1 in numbers

  • Sold twice: first on 10 April 2011 for AED 1,486,944, last on 11 December 2014 for AED 3,360,000 (AED 1,303 per sqft).
  • Rented since December 2014 on 7 Ejari contracts, from AED 200,000 to AED 155,000 a year.
  • At AED 155,000 a year the gross yield on the 2014 price is 4.6%, before a service charge of about AED 10,700 a year (AED 4.14 per sqft).

Source: Dubai Land Department. Updated 18 December 2022.

Questions about V119, Zulal 1

What did villa V119 last sell for?

AED 3,360,000 on 11 December 2014: AED 1,303 per sqft for 2,577 sqft. The villa has 2 registered sales; the first was AED 1,486,944 in April 2011.

What is the rent for villa V119?

AED 155,000 a year on the contract renewed on 18 December 2022. The previous contract, from December 2021, was AED 155,000; the villa has been rented since December 2014.

How big is villa V119?

2,577 sqft (239.4 sqm): a three-bedroom villa in Zulal 1, completed in 2009.

What is villa V119 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 V119, Zulal 1

Starts from the last sale price (AED 3.36M, 11 December 2014). Switch to today's estimate once you have unlocked it.
Price
AED 3,360,000
Deposit, UAE resident (20%)
AED 672,000
Deposit, non-resident (40%)
AED 1,344,000
Monthly over 25 years at 3.7%
AED 13,747

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