Home
Dubai prices
About
Research
3-bed · 2,575 sqftZulal 1, The Lakes · completed 2009

V128, Zulal 1

Sold prices and rental history: sold twice, last in July 2012, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V128 · DLD and Ejari recordsUpdated 2 June 2023
Last soldAED 2.6M25 July 2012
Current rentAED 185K /yr2 June 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow V128

Property timeline for V128, Zulal 1

What is V128 worth today?

Last sold for AED 2,600,000 in 2012

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

2 Jun 2023RentedRenewal
AED 185,000/yr12 months · AED 72 per sqft
2 Jun 2022RentedRenewal
AED 170,000/yr12 months · AED 66 per sqft
2 Jun 2021RentedNew contract
AED 160,000/yr12 months · AED 62 per sqft
25 Jul 2020RentedNew contract
AED 142,500/yr12 months · AED 55 per sqft
1 Jul 2019RentedRenewal
AED 165,000/yr12 months · AED 64 per sqft
1 Jul 2018RentedRenewal
AED 180,000/yr12 months · AED 70 per sqft
1 Jun 2017RentedNew contract
AED 180,000/yr13 months · AED 70 per sqft
1 Mar 2017RentedRenewal
AED 210,000/yr12 months · AED 82 per sqft

Source: Dubai Land Department. Updated 2 June 2023.

Key facts

Type
3-bed villa
Size
2,575 sqft
Developer
Emaar
Completed
2009
Service charge
AED 10,700 /yr
Last sold
AED 2.6M · July 2012
Community
Zulal 1

About V128, Zulal 1

V128 is a three-bedroom villa of 2,575 sqft in Zulal 1, a villa community in The Lakes completed in 2009 by Emaar. It last sold on 25 July 2012 for AED 2,600,000, or AED 1,009 per sqft, 7% above the AED 940 three-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, renewed on 2 June 2023, is AED 185,000 a year: a gross yield of 7.1% on the 2012 price, before the service charge of about AED 10,700 a year.

Sales and rents for V128 over time

Sales
Villa V128, 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 2,724,888 (AED 1,058 per sqft)Sold, July 2012: AED 2,600,000 (AED 1,009 per sqft)

V128 has sold twice; the dashed line is the three-bed median of each year in the community.

Rents
Villa V128, 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, March 2013: AED 200,000 a yearNew contract, March 2014: AED 200,000 a yearNew contract, March 2016: AED 210,000 a yearRenewal, March 2017: AED 210,000 a yearNew contract, June 2017: AED 180,000 a yearRenewal, July 2018: AED 180,000 a yearRenewal, July 2019: AED 165,000 a yearNew contract, July 2020: AED 142,500 a yearNew contract, June 2021: AED 160,000 a yearRenewal, June 2022: AED 170,000 a yearRenewal, June 2023: AED 185,000 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 V128 sits

All 150 3-beds →

V128 last sold in July 2012 at AED 1,009 per sqft, 7% above what three-beds in Zulal 1 were fetching at the time (AED 940). V128's AED 185,000 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 →

V128, Zulal 1 in numbers

  • Sold twice: first on 7 October 2008 for AED 2,724,888, last on 25 July 2012 for AED 2,600,000 (AED 1,009 per sqft).
  • Rented since March 2013 on 11 Ejari contracts. The rent fell from AED 200,000 to AED 142,500 in 2020 and recovered to AED 185,000 by June 2023.
  • At AED 185,000 a year the gross yield on the 2012 price is 7.1%, before a service charge of about AED 10,700 a year (AED 4.14 per sqft).

Source: Dubai Land Department. Updated 2 June 2023.

Questions about V128, Zulal 1

What did villa V128 last sell for?

AED 2,600,000 on 25 July 2012: AED 1,009 per sqft for 2,575 sqft. The villa has 2 registered sales; the first was AED 2,724,888 in October 2008.

What is the rent for villa V128?

AED 185,000 a year on the contract renewed on 2 June 2023. The previous contract, from June 2022, was AED 170,000; the villa has been rented since March 2013.

How big is villa V128?

2,575 sqft (239.2 sqm): a three-bedroom villa in Zulal 1, completed in 2009.

What is villa V128 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

Selling V128? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on V128, Zulal 1

Starts from the last sale price (AED 2.6M, 25 July 2012). Switch to today's estimate once you have unlocked it.
Price
AED 2,600,000
Deposit, UAE resident (20%)
AED 520,000
Deposit, non-resident (40%)
AED 1,040,000
Monthly over 25 years at 3.7%
AED 10,637

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