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3-bed · 3,045 sqftZulal 2, The Lakes · completed 2009

V159, Zulal 2

Sold prices and rental history: sold 4 times, last in March 2020, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V159 · DLD and Ejari recordsUpdated 2 March 2020
Last soldAED 2.7M2 March 2020
Current rentAED 160K /yr2 October 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V159, Zulal 2

What is V159 worth today?

Last sold for AED 2,700,000 in 2020

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2 Mar 2020SoldReady
AED 2,700,000AED 886 per sqft
22 Dec 2019SoldReady
AED 1,600,000AED 525 per sqft
2 Oct 2018RentedRenewal
AED 160,446/yr12 months · AED 53 per sqft
2 Oct 2017RentedRenewal
AED 160,000/yr12 months · AED 53 per sqft
2 Oct 2016RentedRenewal
AED 160,000/yr12 months · AED 53 per sqft
30 Sep 2014RentedNew contract
AED 150,743/yr12 months · AED 50 per sqft
30 Sep 2013RentedNew contract
AED 151,409/yr12 months · AED 50 per sqft
20 Nov 2008Sold by developerReady
AED 5,800,000AED 1,904 per sqft

Source: Dubai Land Department. Updated 2 March 2020.

Key facts

Type
3-bed villa
Size
3,045 sqft
Developer
Emaar
Completed
2009
Last sold
AED 2.7M · March 2020
Community
Zulal 2

About V159, Zulal 2

V159 is a three-bedroom villa of 3,045 sqft in Zulal 2, a villa community in The Lakes completed in 2009 by Emaar. It last sold on 2 March 2020 for AED 2,700,000, or AED 886 per sqft, 5% below the AED 935 three-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, renewed on 2 October 2018, is AED 160,446 a year: a gross yield of 5.9% on the 2020 price.

Sales and rents for V159 over time

Sales
Villa V159, each saleTypical three-bed in Zulal 2
2.5M5M2008201320182023Typical sale price by year: 2008 AED 2,781,977; 2009 AED 2,500,000; 2010 AED 2,737,231; 2011 AED 2,435,562; 2012 AED 2,827,441; 2013 AED 3,465,000; 2014 AED 3,575,000; 2015 AED 3,650,000; 2016 AED 3,150,000; 2017 AED 3,050,000; 2018 AED 3,530,000; 2019 AED 2,987,500; 2020 AED 2,600,000; 2021 AED 3,500,000; 2022 AED 4,050,000; 2023 AED 4,550,000; 2024 AED 6,037,500; 2025 AED 5,600,000Sold by developer, November 2008: AED 5,800,000 (AED 1,904 per sqft)Sold, November 2008: AED 3,582,888 (AED 1,176 per sqft)Sold, December 2019: AED 1,600,000 (AED 525 per sqft)Sold, March 2020: AED 2,700,000 (AED 886 per sqft)

V159 has sold 4 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa V159, each contractTypical three-bed in Zulal 2
150K200K250K2012201620202024Typical rent by year: 2012 AED 172,500; 2013 AED 192,000; 2014 AED 220,000; 2015 AED 213,675; 2016 AED 220,000; 2017 AED 205,000; 2018 AED 196,750; 2019 AED 185,000; 2020 AED 165,000; 2021 AED 165,000; 2022 AED 180,000; 2023 AED 209,000; 2024 AED 237,150; 2025 AED 260,000; 2026 AED 236,250New contract, September 2013: AED 151,409 a yearNew contract, September 2014: AED 150,743 a yearRenewal, October 2016: AED 160,000 a yearRenewal, October 2017: AED 160,000 a yearRenewal, October 2018: AED 160,446 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 2, and where V159 sits

All 155 3-beds →

V159 last sold in March 2020 at AED 886 per sqft, 5% below what three-beds in Zulal 2 were fetching at the time (AED 935). Over the last 12 months three-beds sold for AED 6,900,000, around AED 2,265 per sqft, and rent for AED 206,635 to 350,000 a year. V159's AED 160,446 is at the bottom of that range.

Recent 3-bed salesVilla no.Price (AED)Summary
18 Nov 20256,900,000
20 Aug 202513,500,000
31 Jul 20256,050,000
17 Jun 20254,900,000
1 3-bed sale in the last 12 months

Zulal 2

Community

156 villas, 2-bed to 3-bed in The Lakes, completed in 2009 by Emaar. 1 sold in the last 12 months.

Typical price per sqft
AED 2,265
Typical sale
AED 6.9M
Typical rent
AED 263K /yr
Typical yield
4.3%
Zulal 2, The Lakes: prices, sales and rents →

V159, Zulal 2 in numbers

  • Sold 4 times: first on 20 November 2008 for AED 3,582,888, last on 2 March 2020 for AED 2,700,000 (AED 886 per sqft).
  • Rented since September 2013 on 5 Ejari contracts, from AED 151,409 to AED 160,446 a year.
  • At AED 160,446 a year the gross yield on the 2020 price is 5.9%.
  • Three-beds in Zulal 2 sold for AED 6,900,000–6,900,000 in the 12 months to November 2026; the community's median across all types is AED 2,265 per sqft.

Source: Dubai Land Department. Updated 2 March 2020.

Questions about V159, Zulal 2

What did villa V159 last sell for?

AED 2,700,000 on 2 March 2020: AED 886 per sqft for 3,045 sqft. The villa has 4 registered sales; the first was AED 3,582,888 in November 2008.

What is the rent for villa V159?

AED 160,446 a year on the contract renewed on 2 October 2018. The previous contract, from October 2017, was AED 160,000; the villa has been rented since September 2013.

How big is villa V159?

3,045 sqft (282.9 sqm): a three-bedroom villa in Zulal 2, completed in 2009.

What is villa V159 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Zulal 2 sold for AED 6,900,000 to 6,900,000 in the last 12 months, around AED 2,265 per sqft.

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Mortgage on V159, Zulal 2

Starts from the last sale price (AED 2.7M, 2 March 2020). Switch to today's estimate once you have unlocked it.
Price
AED 2,700,000
Deposit, UAE resident (20%)
AED 540,000
Deposit, non-resident (40%)
AED 1,080,000
Monthly over 25 years at 3.7%
AED 11,047

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