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3-bed · 2,717 sqftZulal 1, The Lakes · completed 2009

V129, Zulal 1

Sold prices and rental history: sold twice, last in March 2023, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V129 · DLD and Ejari recordsUpdated 31 March 2023
Last soldAED 4M31 March 2023
Current rentAED 235K /yr26 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V129, Zulal 1

What is V129 worth today?

Last sold for AED 4,000,000 in 2023

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31 Mar 2023SoldReady
AED 4,000,000AED 1,472 per sqft
26 Sep 2022RentedNew contract
AED 235,000/yr12 months · AED 86 per sqft
30 Mar 2022RentedRenewal
AED 152,900/yr12 months · AED 56 per sqft
30 Mar 2021RentedRenewal
AED 139,000/yr12 months · AED 51 per sqft
28 Feb 2019RentedNew contract
AED 145,000/yr12 months · AED 53 per sqft
9 Feb 2009Sold by developerReady
AED 1,253,670AED 461 per sqft

Source: Dubai Land Department. Updated 31 March 2023.

Key facts

Type
3-bed villa
Size
2,717 sqft
Developer
Emaar
Completed
2009
Service charge
AED 11,200 /yr
Last sold
AED 4M · March 2023
Community
Zulal 1

About V129, Zulal 1

V129 is a three-bedroom villa of 2,717 sqft in Zulal 1, a villa community in The Lakes completed in 2009 by Emaar. It last sold on 31 March 2023 for AED 4,000,000, or AED 1,472 per sqft, 8% above the AED 1,358 three-beds in the community were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 26 September 2022, is AED 235,000 a year: a gross yield of 5.9% on the 2023 price, before the service charge of about AED 11,200 a year.

Sales and rents for V129 over time

Sales
Villa V129, 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, February 2009: AED 1,253,670 (AED 461 per sqft)Sold, March 2023: AED 4,000,000 (AED 1,472 per sqft)

V129 has sold twice; the dashed line is the three-bed median of each year in the community.

Rents
Villa V129, 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, February 2019: AED 145,000 a yearRenewal, March 2021: AED 139,000 a yearRenewal, March 2022: AED 152,900 a yearNew contract, September 2022: AED 235,000 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 V129 sits

All 150 3-beds →

V129 last sold in March 2023 at AED 1,472 per sqft, 8% above what three-beds in Zulal 1 were fetching at the time (AED 1,358). V129's AED 235,000 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 →

V129, Zulal 1 in numbers

  • Sold twice: first on 9 February 2009 for AED 1,253,670, last on 31 March 2023 for AED 4,000,000 (AED 1,472 per sqft).
  • Rented since February 2019 on 4 Ejari contracts, from AED 145,000 to AED 235,000 a year.
  • At AED 235,000 a year the gross yield on the 2023 price is 5.9%, before a service charge of about AED 11,200 a year (AED 4.14 per sqft).

Source: Dubai Land Department. Updated 31 March 2023.

Questions about V129, Zulal 1

What did villa V129 last sell for?

AED 4,000,000 on 31 March 2023: AED 1,472 per sqft for 2,717 sqft. The villa has 2 registered sales; the first was AED 1,253,670 in February 2009.

What is the rent for villa V129?

AED 235,000 a year on the contract signed on 26 September 2022. The previous contract, from March 2022, was AED 152,900; the villa has been rented since February 2019.

How big is villa V129?

2,717 sqft (252.4 sqm): a three-bedroom villa in Zulal 1, completed in 2009.

What is villa V129 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 V129, Zulal 1

Starts from the last sale price (AED 4M, 31 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 4,000,000
Deposit, UAE resident (20%)
AED 800,000
Deposit, non-resident (40%)
AED 1,600,000
Monthly over 25 years at 3.7%
AED 16,365

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