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3-bed · 2,233 sqftZulal 2, The Lakes · completed 2009

V217, Zulal 2

Sold prices and rental history: sold twice, last in November 2016, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V217 · DLD and Ejari recordsUpdated 30 November 2016
Last soldAED 2.75M30 November 2016
Current rentAED 190K /yr14 August 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V217, Zulal 2

What is V217 worth today?

Last sold for AED 2,750,000 in 2016

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30 Nov 2016SoldReady
AED 2,750,000AED 1,231 per sqft
14 Aug 2015RentedRenewal
AED 190,000/yr12 months · AED 85 per sqft
14 Aug 2014RentedNew contract
AED 185,000/yr12 months · AED 83 per sqft
6 Aug 2008Sold by developerReady
AED 1,254,444AED 561 per sqft

Source: Dubai Land Department. Updated 30 November 2016.

Key facts

Type
3-bed villa
Size
2,233 sqft
Developer
Emaar
Completed
2009
Last sold
AED 2.75M · November 2016
Community
Zulal 2

About V217, Zulal 2

V217 is a three-bedroom villa of 2,233 sqft in Zulal 2, a villa community in The Lakes completed in 2009 by Emaar. It last sold on 30 November 2016 for AED 2,750,000, or AED 1,231 per sqft, in line with the AED 1,206 three-beds in the community were fetching at the time.

It has been rented since 2014 on 2 Ejari contracts. The current contract, renewed on 14 August 2015, is AED 190,000 a year: a gross yield of 6.9% on the 2016 price.

Sales and rents for V217 over time

Sales
Villa V217, 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, August 2008: AED 1,254,444 (AED 561 per sqft)Sold, November 2016: AED 2,750,000 (AED 1,231 per sqft)

V217 has sold twice; the dashed line is the three-bed median of each year in the community.

Rents
Villa V217, 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, August 2014: AED 185,000 a yearRenewal, August 2015: AED 190,000 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 V217 sits

All 155 3-beds →

V217 last sold in November 2016 at AED 1,231 per sqft, in line with what three-beds in Zulal 2 were fetching at the time (AED 1,206). 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. V217's AED 190,000 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 →

V217, Zulal 2 in numbers

  • Sold twice: first on 6 August 2008 for AED 1,254,444, last on 30 November 2016 for AED 2,750,000 (AED 1,231 per sqft).
  • Rented since August 2014 on 2 Ejari contracts, from AED 185,000 to AED 190,000 a year.
  • At AED 190,000 a year the gross yield on the 2016 price is 6.9%.
  • 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 30 November 2016.

Questions about V217, Zulal 2

What did villa V217 last sell for?

AED 2,750,000 on 30 November 2016: AED 1,231 per sqft for 2,233 sqft. The villa has 2 registered sales; the first was AED 1,254,444 in August 2008.

What is the rent for villa V217?

AED 190,000 a year on the contract renewed on 14 August 2015. The previous contract, from August 2014, was AED 185,000.

How big is villa V217?

2,233 sqft (207.5 sqm): a three-bedroom villa in Zulal 2, completed in 2009.

What is villa V217 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 V217, Zulal 2

Starts from the last sale price (AED 2.75M, 30 November 2016). Switch to today's estimate once you have unlocked it.
Price
AED 2,750,000
Deposit, UAE resident (20%)
AED 550,000
Deposit, non-resident (40%)
AED 1,100,000
Monthly over 25 years at 3.7%
AED 11,251

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