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

V137, Zulal 1

Sold prices and rental history: sold once, by the developer in August 2008, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V137 · DLD and Ejari recordsUpdated 1 June 2021
Last soldAED 1.49M12 August 2008
Current rentAED 125K /yr1 June 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V137, Zulal 1

What is V137 worth today?

Last sold for AED 1,486,944 in 2008

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1 Jun 2021RentedNew contract
AED 125,000/yr120 months · AED 49 per sqft
3 Nov 2020RentedNew contract
AED 200,000/yr12 months · AED 78 per sqft
20 Oct 2019RentedNew contract
AED 200,000/yr12 months · AED 78 per sqft
15 Mar 2019RentedNew contract
AED 120,000/yr120 months · AED 47 per sqft
31 Oct 2017RentedRenewal
AED 315,000/yr12 months · AED 123 per sqft
31 Oct 2016RentedNew contract
AED 315,000/yr12 months · AED 123 per sqft
20 Sep 2013RentedNew contract
AED 350,000/yr12 months · AED 137 per sqft
10 Aug 2012RentedNew contract
AED 326,666/yr12 months · AED 128 per sqft

Source: Dubai Land Department. Updated 1 June 2021.

Key facts

Type
3-bed villa
Size
2,558 sqft
Developer
Emaar
Completed
2009
Service charge
AED 10,600 /yr
Last sold
AED 1.49M · August 2008
Community
Zulal 1

About V137, Zulal 1

V137 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 12 August 2008 for AED 1,486,944, or AED 581 per sqft, 44% below the AED 1,042 three-beds in the community were fetching at the time.

It has been rented continuously since 2012 on 8 Ejari contracts. The current contract, signed on 1 June 2021, is AED 125,000 a year: a gross yield of 8.4% on the 2008 price, before the service charge of about AED 10,600 a year.

Sales and rents for V137 over time

Sales
Villa V137, 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, August 2008: AED 1,486,944 (AED 581 per sqft)

V137 has sold once; the dashed line is the three-bed median of each year in the community.

Rents
Villa V137, each contractTypical three-bed in Zulal 1
200K2012201620202024Typical 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, August 2012: AED 326,666 a yearNew contract, September 2013: AED 350,000 a yearNew contract, October 2016: AED 315,000 a yearRenewal, October 2017: AED 315,000 a yearNew contract, March 2019: AED 120,000 a yearNew contract, October 2019: AED 200,000 a yearNew contract, November 2020: AED 200,000 a yearNew contract, June 2021: AED 125,000 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 V137 sits

All 150 3-beds →

V137 last sold in August 2008 at AED 581 per sqft, 44% below what three-beds in Zulal 1 were fetching at the time (AED 1,042). V137's AED 125,000 is at the bottom 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 →

V137, Zulal 1 in numbers

  • Sold once: by Emaar on 12 August 2008 for AED 1,486,944, or AED 581 per sqft.
  • Rented since August 2012 on 8 Ejari contracts, from AED 326,666 to AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2008 price is 8.4%, before a service charge of about AED 10,600 a year (AED 4.14 per sqft).

Source: Dubai Land Department. Updated 1 June 2021.

Questions about V137, Zulal 1

What did villa V137 last sell for?

AED 1,486,944 on 12 August 2008, sold by the developer: AED 581 per sqft for 2,558 sqft. It is the only registered sale of the villa.

What is the rent for villa V137?

AED 125,000 a year on the contract signed on 1 June 2021. The previous contract, from November 2020, was AED 200,000; the villa has been rented since August 2012.

How big is villa V137?

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

What is villa V137 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 V137, Zulal 1

Starts from the last sale price (AED 1.49M, 12 August 2008). Switch to today's estimate once you have unlocked it.
Price
AED 1,486,944
Deposit, UAE resident (20%)
AED 297,389
Deposit, non-resident (40%)
AED 594,778
Monthly over 25 years at 3.7%
AED 6,084

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