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

V247, Zulal 2

Sold prices and rental history: sold 3 times, last in August 2020, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V247 · DLD and Ejari recordsUpdated 30 August 2020
Last soldAED 2.73M30 August 2020
Current rentAED 185K /yr1 September 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V247, Zulal 2

What is V247 worth today?

Last sold for AED 2,725,000 in 2020

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30 Aug 2020SoldReady
AED 2,725,000AED 894 per sqft
7 Apr 2019SoldReady
AED 2,850,000AED 935 per sqft
1 Sep 2018RentedRenewal
AED 185,000/yr12 months · AED 61 per sqft
1 Sep 2017RentedNew contract
AED 185,000/yr12 months · AED 61 per sqft
3 Aug 2016RentedNew contract
AED 225,000/yr12 months · AED 74 per sqft
5 Aug 2015RentedRenewal
AED 225,606/yr12 months · AED 74 per sqft
5 Aug 2013RentedNew contract
AED 210,000/yr12 months · AED 69 per sqft
5 Aug 2012RentedNew contract
AED 200,000/yr12 months · AED 66 per sqft

Source: Dubai Land Department. Updated 30 August 2020.

Key facts

Type
3-bed villa
Size
3,045 sqft
Developer
Emaar
Completed
2009
Last sold
AED 2.73M · August 2020
Community
Zulal 2

About V247, Zulal 2

V247 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 30 August 2020 for AED 2,725,000, or AED 894 per sqft, in line with the AED 889 three-beds in the community were fetching at the time.

It has been rented continuously since 2012 on 6 Ejari contracts. The current contract, renewed on 1 September 2018, is AED 185,000 a year: a gross yield of 6.8% on the 2020 price.

Sales and rents for V247 over time

Sales
Villa V247, 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 2010: AED 2,744,992 (AED 901 per sqft)Sold, April 2019: AED 2,850,000 (AED 935 per sqft)Sold, August 2020: AED 2,725,000 (AED 894 per sqft)

V247 has sold 3 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa V247, 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 2012: AED 200,000 a yearNew contract, August 2013: AED 210,000 a yearRenewal, August 2015: AED 225,606 a yearNew contract, August 2016: AED 225,000 a yearNew contract, September 2017: AED 185,000 a yearRenewal, September 2018: AED 185,000 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 V247 sits

All 155 3-beds →

V247 last sold in August 2020 at AED 894 per sqft, in line with what three-beds in Zulal 2 were fetching at the time (AED 889). 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. V247's AED 185,000 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 →

V247, Zulal 2 in numbers

  • Sold 3 times: first on 17 March 2010 for AED 2,744,992, last on 30 August 2020 for AED 2,725,000 (AED 894 per sqft).
  • Rented since August 2012 on 6 Ejari contracts, from AED 200,000 to AED 185,000 a year.
  • At AED 185,000 a year the gross yield on the 2020 price is 6.8%.
  • 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 30 August 2020.

Questions about V247, Zulal 2

What did villa V247 last sell for?

AED 2,725,000 on 30 August 2020: AED 894 per sqft for 3,045 sqft. The villa has 3 registered sales; the first was AED 2,744,992 in March 2010.

What is the rent for villa V247?

AED 185,000 a year on the contract renewed on 1 September 2018. The previous contract, from September 2017, was AED 185,000; the villa has been rented since August 2012.

How big is villa V247?

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

What is villa V247 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 V247, Zulal 2

Starts from the last sale price (AED 2.73M, 30 August 2020). Switch to today's estimate once you have unlocked it.
Price
AED 2,725,000
Deposit, UAE resident (20%)
AED 545,000
Deposit, non-resident (40%)
AED 1,090,000
Monthly over 25 years at 3.7%
AED 11,149

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