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3-bed · 2,919 sqftZulal 2, The Lakes · completed 2009

V245, Zulal 2

Sold prices and rental history: sold twice, last in May 2015, and rented once, from March 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V245 · DLD and Ejari recordsUpdated 7 May 2015
Last soldAED 3.7M7 May 2015
Current rentAED 215K /yr1 March 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V245, Zulal 2

What is V245 worth today?

Last sold for AED 3,700,000 in 2015

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7 May 2015SoldReady
AED 3,700,000AED 1,267 per sqft
1 Mar 2014RentedNew contract
AED 215,000/yr12 months · AED 74 per sqft
5 Mar 2009Sold by developerReady
AED 3,700,000AED 1,267 per sqft

Source: Dubai Land Department. Updated 7 May 2015.

Key facts

Type
3-bed villa
Size
2,919 sqft
Developer
Emaar
Completed
2009
Last sold
AED 3.7M · May 2015
Community
Zulal 2

About V245, Zulal 2

V245 is a three-bedroom villa of 2,919 sqft in Zulal 2, a villa community in The Lakes completed in 2009 by Emaar. It last sold on 7 May 2015 for AED 3,700,000, or AED 1,267 per sqft, 8% below the AED 1,373 three-beds in the community were fetching at the time.

One Ejari contract is registered, from 1 March 2014. The current contract, signed on 1 March 2014, is AED 215,000 a year: a gross yield of 5.8% on the 2015 price.

Sales and rents for V245 over time

Sales
Villa V245, 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, March 2009: AED 3,700,000 (AED 1,267 per sqft)Sold, May 2015: AED 3,700,000 (AED 1,267 per sqft)

V245 has sold twice; the dashed line is the three-bed median of each year in the community.

Rents
Villa V245, 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, March 2014: AED 215,000 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 V245 sits

All 155 3-beds →

V245 last sold in May 2015 at AED 1,267 per sqft, 8% below what three-beds in Zulal 2 were fetching at the time (AED 1,373). 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. V245's AED 215,000 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 →

V245, Zulal 2 in numbers

  • Sold twice: first on 5 March 2009 for AED 3,700,000, last on 7 May 2015 for AED 3,700,000 (AED 1,267 per sqft).
  • Rented since March 2014 on one Ejari contract, at AED 215,000 a year.
  • At AED 215,000 a year the gross yield on the 2015 price is 5.8%.
  • 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 7 May 2015.

Questions about V245, Zulal 2

What did villa V245 last sell for?

AED 3,700,000 on 7 May 2015: AED 1,267 per sqft for 2,919 sqft. The villa has 2 registered sales; the first was AED 3,700,000 in March 2009.

What is the rent for villa V245?

AED 215,000 a year on the contract signed on 1 March 2014.

How big is villa V245?

2,919 sqft (271.2 sqm): a three-bedroom villa in Zulal 2, completed in 2009.

What is villa V245 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 V245, Zulal 2

Starts from the last sale price (AED 3.7M, 7 May 2015). Switch to today's estimate once you have unlocked it.
Price
AED 3,700,000
Deposit, UAE resident (20%)
AED 740,000
Deposit, non-resident (40%)
AED 1,480,000
Monthly over 25 years at 3.7%
AED 15,138

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