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3-bed · 2,558 sqftZulal 1, The Lakes · completed 2009

V124, Zulal 1

Sold prices and rental history: sold once, by the developer in April 2009, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V124 · DLD and Ejari recordsUpdated 20 August 2025
Last soldAED 2.72M22 April 2009
Current rentAED 285K /yr20 August 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V124, Zulal 1

What is V124 worth today?

Last sold for AED 2,724,888 in 2009

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20 Aug 2025RentedRenewal
AED 285,000/yr12 months · AED 111 per sqft
20 Aug 2024RentedNew contract
AED 280,000/yr12 months · AED 109 per sqft
18 Jul 2022RentedRenewal
AED 170,000/yr12 months · AED 66 per sqft
18 Jul 2021RentedRenewal
AED 156,500/yr12 months · AED 61 per sqft
18 Jul 2020RentedRenewal
AED 140,000/yr12 months · AED 55 per sqft
18 Jul 2018RentedRenewal
AED 175,000/yr12 months · AED 68 per sqft
18 Jul 2016RentedNew contract
AED 185,000/yr12 months · AED 72 per sqft
2 Jul 2015RentedNew contract
AED 220,000/yr12 months · AED 86 per sqft

Source: Dubai Land Department. Updated 20 August 2025.

Key facts

Type
3-bed villa
Size
2,558 sqft
Developer
Emaar
Completed
2009
Service charge
AED 10,600 /yr
Last sold
AED 2.72M · April 2009
Community
Zulal 1

About V124, Zulal 1

V124 is a three-bedroom villa of 2,558 sqft in Zulal 1, a villa community in The Lakes completed in 2009 by Emaar. The developer sold it on 22 April 2009 for AED 2,724,888, or AED 1,065 per sqft, in line with the AED 1,042 three-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, renewed on 20 August 2025, is AED 285,000 a year: a gross yield of 10.5% on the 2009 price, before the service charge of about AED 10,600 a year.

Sales and rents for V124 over time

Sales
Villa V124, 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, April 2009: AED 2,724,888 (AED 1,065 per sqft)

V124 has sold once; the dashed line is the three-bed median of each year in the community.

Rents
Villa V124, 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, May 2013: AED 178,500 a yearNew contract, May 2014: AED 190,000 a yearNew contract, July 2015: AED 220,000 a yearNew contract, July 2016: AED 185,000 a yearRenewal, July 2018: AED 175,000 a yearRenewal, July 2020: AED 140,000 a yearRenewal, July 2021: AED 156,500 a yearRenewal, July 2022: AED 170,000 a yearNew contract, August 2024: AED 280,000 a yearRenewal, August 2025: AED 285,000 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 V124 sits

All 150 3-beds →

V124 last sold in April 2009 at AED 1,065 per sqft, in line with what three-beds in Zulal 1 were fetching at the time (AED 1,042). V124's AED 285,000 is in the upper 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 →

V124, Zulal 1 in numbers

  • Sold once: by Emaar on 22 April 2009 for AED 2,724,888, or AED 1,065 per sqft.
  • Rented since May 2013 on 10 Ejari contracts. The rent fell from AED 178,500 to AED 140,000 in 2020 and recovered to AED 285,000 by August 2025.
  • At AED 285,000 a year the gross yield on the 2009 price is 10.5%, before a service charge of about AED 10,600 a year (AED 4.14 per sqft).

Source: Dubai Land Department. Updated 20 August 2025.

Questions about V124, Zulal 1

What did villa V124 last sell for?

AED 2,724,888 on 22 April 2009, sold by the developer: AED 1,065 per sqft for 2,558 sqft. It is the only registered sale of the villa.

What is the rent for villa V124?

AED 285,000 a year on the contract renewed on 20 August 2025. The previous contract, from August 2024, was AED 280,000; the villa has been rented since May 2013.

How big is villa V124?

2,558 sqft (237.6 sqm): a three-bedroom villa in Zulal 1, completed in 2009.

What is villa V124 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 V124, Zulal 1

Starts from the last sale price (AED 2.72M, 22 April 2009). Switch to today's estimate once you have unlocked it.
Price
AED 2,724,888
Deposit, UAE resident (20%)
AED 544,978
Deposit, non-resident (40%)
AED 1,089,955
Monthly over 25 years at 3.7%
AED 11,148

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