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3-bed · 2,425 sqftZulal 2, The Lakes · completed 2009

V204, Zulal 2

Sold prices and rental history: sold twice, last in February 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V204 · DLD and Ejari recordsUpdated 9 February 2024
Last soldAED 4.35M9 February 2024
Current rentAED 230K /yr23 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V204, Zulal 2

What is V204 worth today?

Last sold for AED 4,350,000 in 2024

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9 Feb 2024SoldReady
AED 4,350,000AED 1,793 per sqft
23 Nov 2022RentedNew contract
AED 230,000/yr12 months · AED 95 per sqft
23 Nov 2021RentedRenewal
AED 148,000/yr12 months · AED 61 per sqft
23 Nov 2020RentedNew contract
AED 122,500/yr12 months · AED 51 per sqft
19 Jul 2019RentedRenewal
AED 150,000/yr12 months · AED 62 per sqft
19 Jul 2018RentedRenewal
AED 165,000/yr12 months · AED 68 per sqft
19 Jul 2017RentedNew contract
AED 165,000/yr12 months · AED 68 per sqft
3 Mar 2016RentedRenewal
AED 195,000/yr12 months · AED 80 per sqft

Source: Dubai Land Department. Updated 9 February 2024.

Key facts

Type
3-bed villa
Size
2,425 sqft
Developer
Emaar
Completed
2009
Last sold
AED 4.35M · February 2024
Community
Zulal 2

About V204, Zulal 2

V204 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 9 February 2024 for AED 4,350,000, or AED 1,793 per sqft, 8% above the AED 1,664 three-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, signed on 23 November 2022, is AED 230,000 a year: a gross yield of 5.3% on the 2024 price.

Sales and rents for V204 over time

Sales
Villa V204, 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 by developer, February 2011: AED 3,294,000 (AED 1,358 per sqft)Sold, February 2024: AED 4,350,000 (AED 1,793 per sqft)

V204 has sold twice; the dashed line is the three-bed median of each year in the community.

Rents
Villa V204, each contractTypical three-bed in Zulal 2
100K200K2012201620202024Typical 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, January 2013: AED 185,000 a yearNew contract, January 2014: AED 200,000 a yearNew contract, March 2015: AED 190,000 a yearRenewal, March 2016: AED 195,000 a yearNew contract, July 2017: AED 165,000 a yearRenewal, July 2018: AED 165,000 a yearRenewal, July 2019: AED 150,000 a yearNew contract, November 2020: AED 122,500 a yearRenewal, November 2021: AED 148,000 a yearNew contract, November 2022: AED 230,000 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 V204 sits

All 155 3-beds →

V204 last sold in February 2024 at AED 1,793 per sqft, 8% above what three-beds in Zulal 2 were fetching at the time (AED 1,664). 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. V204's AED 230,000 is in the lower 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 →

V204, Zulal 2 in numbers

  • Sold twice: first on 6 February 2011 for AED 3,294,000, last on 9 February 2024 for AED 4,350,000 (AED 1,793 per sqft).
  • Rented since January 2013 on 10 Ejari contracts. The rent fell from AED 185,000 to AED 122,500 in 2020 and recovered to AED 230,000 by November 2022.
  • At AED 230,000 a year the gross yield on the 2024 price is 5.3%.
  • 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 9 February 2024.

Questions about V204, Zulal 2

What did villa V204 last sell for?

AED 4,350,000 on 9 February 2024: AED 1,793 per sqft for 2,425 sqft. The villa has 2 registered sales; the first was AED 3,294,000 in February 2011.

What is the rent for villa V204?

AED 230,000 a year on the contract signed on 23 November 2022. The previous contract, from November 2021, was AED 148,000; the villa has been rented since January 2013.

How big is villa V204?

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

What is villa V204 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 V204, Zulal 2

Starts from the last sale price (AED 4.35M, 9 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 4,350,000
Deposit, UAE resident (20%)
AED 870,000
Deposit, non-resident (40%)
AED 1,740,000
Monthly over 25 years at 3.7%
AED 17,797

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