3-bed · 2,567 sqftZulal 1, The Lakes · completed 2009

V138, Zulal 1

Sold prices and rental history: sold twice, last in May 2021, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V138 · DLD and Ejari recordsUpdated 6 October 2021
Last soldAED 2.3M19 May 2021
Current rentAED 148K /yr6 October 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for V138, Zulal 1

What is V138 worth today?

Last sold for AED 2,300,000 in 2021

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6 Oct 2021RentedNew contract
AED 148,155/yr8 months · AED 58 per sqft
19 May 2021SoldReady
AED 2,300,000AED 895 per sqft
6 Oct 2020RentedRenewal
AED 135,000/yr12 months · AED 53 per sqft
6 Oct 2019RentedRenewal
AED 155,000/yr12 months · AED 60 per sqft
6 Oct 2017RentedRenewal
AED 175,000/yr12 months · AED 68 per sqft
21 Feb 2016RentedRenewal
AED 180,000/yr12 months · AED 70 per sqft
21 Feb 2015RentedNew contract
AED 180,000/yr12 months · AED 70 per sqft
20 Feb 2014RentedNew contract
AED 180,000/yr12 months · AED 70 per sqft

Source: Dubai Land Department. Updated 6 October 2021.

Key facts

Type
3-bed villa
Size
2,567 sqft
Developer
Emaar
Completed
2009
Service charge
AED 10,600 /yr
Last sold
AED 2.3M · May 2021
Community
Zulal 1

About V138, Zulal 1

V138 is a three-bedroom villa of 2,567 sqft in Zulal 1, a villa community in The Lakes completed in 2009 by Emaar. It last sold on 19 May 2021 for AED 2,300,000, or AED 895 per sqft, 10% below the AED 989 three-beds in the community were fetching at the time.

It has been rented continuously since 2012 on 9 Ejari contracts. The current contract, signed on 6 October 2021, is AED 148,155 a year: a gross yield of 6.4% on the 2021 price, before the service charge of about AED 10,600 a year.

Sales and rents for V138 over time

Sales
Villa V138, 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, November 2008: AED 3,138,888 (AED 1,222 per sqft)Sold, May 2021: AED 2,300,000 (AED 895 per sqft)

V138 has sold twice; the dashed line is the three-bed median of each year in the community.

Rents
Villa V138, 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, January 2012: AED 165,000 a yearNew contract, February 2013: AED 180,000 a yearNew contract, February 2014: AED 180,000 a yearNew contract, February 2015: AED 180,000 a yearRenewal, February 2016: AED 180,000 a yearRenewal, October 2017: AED 175,000 a yearRenewal, October 2019: AED 155,000 a yearRenewal, October 2020: AED 135,000 a yearNew contract, October 2021: AED 148,155 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 V138 sits

All 150 3-beds →

V138 last sold in May 2021 at AED 895 per sqft, 10% below what three-beds in Zulal 1 were fetching at the time (AED 989). V138's AED 148,155 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 →

V138, Zulal 1 in numbers

  • Sold twice: first on 3 November 2008 for AED 3,138,888, last on 19 May 2021 for AED 2,300,000 (AED 895 per sqft).
  • Rented since January 2012 on 9 Ejari contracts, from AED 165,000 to AED 148,155 a year.
  • At AED 148,155 a year the gross yield on the 2021 price is 6.4%, before a service charge of about AED 10,600 a year (AED 4.14 per sqft).

Source: Dubai Land Department. Updated 6 October 2021.

Questions about V138, Zulal 1

What did villa V138 last sell for?

AED 2,300,000 on 19 May 2021: AED 895 per sqft for 2,567 sqft. The villa has 2 registered sales; the first was AED 3,138,888 in November 2008.

What is the rent for villa V138?

AED 148,155 a year on the contract signed on 6 October 2021. The previous contract, from October 2020, was AED 135,000; the villa has been rented since January 2012.

How big is villa V138?

2,567 sqft (238.5 sqm): a three-bedroom villa in Zulal 1, completed in 2009.

What is villa V138 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 V138, Zulal 1

Starts from the last sale price (AED 2.3M, 19 May 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,300,000
Deposit, UAE resident (20%)
AED 460,000
Deposit, non-resident (40%)
AED 920,000
Monthly over 25 years at 3.7%
AED 9,410

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