Home
Dubai prices
About
Research
3-bed · 2,425 sqftZulal 2, The Lakes · completed 2009

V198, Zulal 2

Sold prices and rental history: sold 4 times, last in October 2016, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V198 · DLD and Ejari recordsUpdated 1 July 2024
Last soldAED 2.8M23 October 2016
Current rentAED 285K /yr1 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow V198

Property timeline for V198, Zulal 2

What is V198 worth today?

Last sold for AED 2,800,000 in 2016

Unlock today's estimate, updated daily, with

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

1 Jul 2024RentedNew contract
AED 285,000/yr12 months · AED 118 per sqft
26 Jun 2023RentedRenewal
AED 249,375/yr12 months · AED 103 per sqft
26 Jun 2022RentedNew contract
AED 237,500/yr12 months · AED 98 per sqft
1 Feb 2021RentedRenewal
AED 136,200/yr12 months · AED 56 per sqft
1 Feb 2020RentedRenewal
AED 140,000/yr12 months · AED 58 per sqft
1 Feb 2019RentedRenewal
AED 155,000/yr12 months · AED 64 per sqft
1 Feb 2017RentedNew contract
AED 180,000/yr12 months · AED 74 per sqft
23 Oct 2016SoldReady
AED 2,800,000AED 1,154 per sqft

Source: Dubai Land Department. Updated 1 July 2024.

Key facts

Type
3-bed villa
Size
2,425 sqft
Developer
Emaar
Completed
2009
Last sold
AED 2.8M · October 2016
Community
Zulal 2

About V198, Zulal 2

V198 is a three-bedroom villa of 2,425 sqft in Zulal 2, a villa community in The Lakes completed in 2009 by Emaar. It last sold on 23 October 2016 for AED 2,800,000, or AED 1,154 per sqft, in line with the AED 1,177 three-beds in the community were fetching at the time.

It has been rented continuously since 2012 on 10 Ejari contracts. The current contract, signed on 1 July 2024, is AED 285,000 a year: a gross yield of 10.2% on the 2016 price.

Sales and rents for V198 over time

Sales
Villa V198, each saleTypical three-bed in Zulal 2
2M4M6M2008201320182023Typical 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, February 2012: AED 2,208,000 (AED 910 per sqft)Sold by developer, February 2012: AED 2,507,888 (AED 1,034 per sqft)Sold, March 2012: AED 2,208,000 (AED 910 per sqft)Sold, October 2016: AED 2,800,000 (AED 1,154 per sqft)

V198 has sold 4 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa V198, each contractTypical three-bed in Zulal 2
200K300K2012201620202024Typical 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, November 2012: AED 150,000 a yearNew contract, December 2013: AED 180,000 a yearNew contract, September 2015: AED 195,000 a yearNew contract, February 2017: AED 180,000 a yearRenewal, February 2019: AED 155,000 a yearRenewal, February 2020: AED 140,000 a yearRenewal, February 2021: AED 136,200 a yearNew contract, June 2022: AED 237,500 a yearRenewal, June 2023: AED 249,375 a yearNew contract, July 2024: AED 285,000 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 2, and where V198 sits

All 155 3-beds →

V198 last sold in October 2016 at AED 1,154 per sqft, in line with what three-beds in Zulal 2 were fetching at the time (AED 1,177). 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. V198's AED 285,000 is in the upper half 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 →

V198, Zulal 2 in numbers

  • Sold 4 times: first on 14 February 2012 for AED 2,507,888, last on 23 October 2016 for AED 2,800,000 (AED 1,154 per sqft).
  • Rented since November 2012 on 10 Ejari contracts, from AED 150,000 to AED 285,000 a year.
  • At AED 285,000 a year the gross yield on the 2016 price is 10.2%.
  • 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 1 July 2024.

Questions about V198, Zulal 2

What did villa V198 last sell for?

AED 2,800,000 on 23 October 2016: AED 1,154 per sqft for 2,425 sqft. The villa has 4 registered sales; the first was AED 2,507,888 in February 2012.

What is the rent for villa V198?

AED 285,000 a year on the contract signed on 1 July 2024. The previous contract, from June 2023, was AED 249,375; the villa has been rented since November 2012.

How big is villa V198?

2,425 sqft (225.3 sqm): a three-bedroom villa in Zulal 2, completed in 2009.

What is villa V198 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.

Selling V198? 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 V198, Zulal 2

Starts from the last sale price (AED 2.8M, 23 October 2016). Switch to today's estimate once you have unlocked it.
Price
AED 2,800,000
Deposit, UAE resident (20%)
AED 560,000
Deposit, non-resident (40%)
AED 1,120,000
Monthly over 25 years at 3.7%
AED 11,456

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