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3-bed · 2,917 sqftZulal 2, The Lakes · completed 2009

V297, Zulal 2

Sold prices and rental history: sold 4 times, last in July 2021, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V297 · DLD and Ejari recordsUpdated 14 July 2021
Last soldAED 3.8M14 July 2021
Current rentAED 195K /yr10 April 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V297, Zulal 2

What is V297 worth today?

Last sold for AED 3,800,000 in 2021

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14 Jul 2021SoldReady
AED 3,800,000AED 1,302 per sqft
10 Apr 2020RentedRenewal
AED 195,000/yr12 months · AED 67 per sqft
10 Apr 2019RentedNew contract
AED 195,000/yr12 months · AED 67 per sqft
12 Jul 2018SoldReady
AED 3,375,000AED 1,157 per sqft
3 Apr 2018RentedNew contract
AED 228,000/yr12 months · AED 78 per sqft
3 Apr 2018RentedRenewal
AED 227,368/yr12 months · AED 78 per sqft
3 Apr 2017RentedRenewal
AED 238,125/yr12 months · AED 82 per sqft
3 Apr 2016RentedNew contract
AED 240,000/yr12 months · AED 82 per sqft

Source: Dubai Land Department. Updated 14 July 2021.

Key facts

Type
3-bed villa
Size
2,917 sqft
Developer
Emaar
Completed
2009
Last sold
AED 3.8M · July 2021
Community
Zulal 2

About V297, Zulal 2

V297 is a three-bedroom villa of 2,917 sqft in Zulal 2, a villa community in The Lakes completed in 2009 by Emaar. It last sold on 14 July 2021 for AED 3,800,000, or AED 1,302 per sqft, 28% above the AED 1,015 three-beds in the community were fetching at the time.

It has been rented continuously since 2016 on 6 Ejari contracts. The current contract, renewed on 10 April 2020, is AED 195,000 a year: a gross yield of 5.1% on the 2021 price.

Sales and rents for V297 over time

Sales
Villa V297, 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, November 2008: AED 1,515,444 (AED 519 per sqft)Sold, August 2011: AED 2,720,000 (AED 932 per sqft)Sold, July 2018: AED 3,375,000 (AED 1,157 per sqft)Sold, July 2021: AED 3,800,000 (AED 1,302 per sqft)

V297 has sold 4 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa V297, 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, April 2016: AED 240,000 a yearRenewal, April 2017: AED 238,125 a yearNew contract, April 2018: AED 228,000 a yearRenewal, April 2018: AED 227,368 a yearNew contract, April 2019: AED 195,000 a yearRenewal, April 2020: AED 195,000 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 V297 sits

All 155 3-beds →

V297 last sold in July 2021 at AED 1,302 per sqft, 28% above what three-beds in Zulal 2 were fetching at the time (AED 1,015). 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. V297's AED 195,000 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 →

V297, Zulal 2 in numbers

  • Sold 4 times: first on 3 November 2008 for AED 1,515,444, last on 14 July 2021 for AED 3,800,000 (AED 1,302 per sqft).
  • Rented since April 2016 on 6 Ejari contracts, from AED 240,000 to AED 195,000 a year.
  • At AED 195,000 a year the gross yield on the 2021 price is 5.1%.
  • 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 14 July 2021.

Questions about V297, Zulal 2

What did villa V297 last sell for?

AED 3,800,000 on 14 July 2021: AED 1,302 per sqft for 2,917 sqft. The villa has 4 registered sales; the first was AED 1,515,444 in November 2008.

What is the rent for villa V297?

AED 195,000 a year on the contract renewed on 10 April 2020. The previous contract, from April 2019, was AED 195,000; the villa has been rented since April 2016.

How big is villa V297?

2,917 sqft (271.0 sqm): a three-bedroom villa in Zulal 2, completed in 2009.

What is villa V297 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 V297, Zulal 2

Starts from the last sale price (AED 3.8M, 14 July 2021). Switch to today's estimate once you have unlocked it.
Price
AED 3,800,000
Deposit, UAE resident (20%)
AED 760,000
Deposit, non-resident (40%)
AED 1,520,000
Monthly over 25 years at 3.7%
AED 15,547

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