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4-bed · 3,375 sqftDeema 1, The Lakes · completed 2003

V023, Deema 1

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

Villa V023 · DLD and Ejari recordsUpdated 10 October 2025
Last soldAED 2.35M6 February 2020
Current rentAED 398K /yr10 October 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V023, Deema 1

What is V023 worth today?

Last sold for AED 2,350,000 in 2020

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10 Oct 2025RentedNew contract
AED 397,861/yr12 months · AED 118 per sqft
6 Feb 2020SoldReady
AED 2,350,000AED 696 per sqft
1 Oct 2018RentedRenewal
AED 225,000/yr12 months · AED 67 per sqft
1 Oct 2017RentedRenewal
AED 250,000/yr12 months · AED 74 per sqft
1 Oct 2015RentedRenewal
AED 250,000/yr12 months · AED 74 per sqft
1 Oct 2013RentedNew contract
AED 240,000/yr12 months · AED 71 per sqft
1 Oct 2012RentedNew contract
AED 240,000/yr12 months · AED 71 per sqft
9 Sep 2008Sold by developerReady
AED 3,684,944AED 1,091 per sqft

Source: Dubai Land Department. Updated 10 October 2025.

Key facts

Type
4-bed villa
Size
3,375 sqft
Developer
Emaar
Completed
2003
Service charge
AED 12,100 /yr
Last sold
AED 2.35M · February 2020
Community
Deema 1

About V023, Deema 1

V023 is a four-bedroom villa of 3,375 sqft in Deema 1, a villa community in The Lakes completed in 2003 by Emaar. It last sold on 6 February 2020 for AED 2,350,000, or AED 696 per sqft.

It has been rented continuously since 2012 on 6 Ejari contracts. The current contract, signed on 10 October 2025, is AED 397,861 a year: a gross yield of 16.9% on the 2020 price, before the service charge of about AED 12,100 a year.

Sales and rents for V023 over time

Sales
Villa V023, each saleTypical four-bed in Deema 1
5M2008201320182023Typical sale price by year: 2008 AED 3,731,388; 2009 AED 3,675,866; 2010 AED 3,897,744; 2011 AED 2,689,328; 2012 AED 3,950,000; 2013 AED 5,250,000; 2015 AED 5,050,000; 2018 AED 4,900,000; 2020 AED 3,758,500; 2021 AED 4,600,000; 2022 AED 5,325,000; 2023 AED 7,000,000; 2024 AED 8,150,000Sold by developer, September 2008: AED 3,684,944 (AED 1,091 per sqft)Sold, February 2020: AED 2,350,000 (AED 696 per sqft)

V023 has sold twice; the dashed line is the four-bed median of each year in the community.

Rents
Villa V023, each contractTypical four-bed in Deema 1
200K300K400K2012201620202024Typical rent by year: 2012 AED 256,667; 2013 AED 260,000; 2014 AED 279,612; 2015 AED 280,000; 2016 AED 289,197; 2017 AED 270,000; 2018 AED 252,500; 2019 AED 230,000; 2020 AED 202,500; 2021 AED 230,000; 2022 AED 270,000; 2023 AED 301,702; 2024 AED 311,250; 2025 AED 313,500; 2026 AED 326,000New contract, October 2012: AED 240,000 a yearNew contract, October 2013: AED 240,000 a yearRenewal, October 2015: AED 250,000 a yearRenewal, October 2017: AED 250,000 a yearRenewal, October 2018: AED 225,000 a yearNew contract, October 2025: AED 397,861 a year

Annual rent on each registered contract; the dashed line is the four-bed median of each year in the community.

4-beds in Deema 1, and where V023 sits

All 34 4-beds →

V023's AED 397,861 is in the upper half of that range.

Recent 4-bed salesVilla no.Price (AED)Summary
10 Apr 202513,750,000
22 Oct 20248,600,000
18 Sep 20247,800,000
3 Jun 20249,850,000
0 4-bed sales in the last 12 months

Deema 1

Community

66 villas, 3-bed to 4-bed in The Lakes, completed in 2003 by Emaar. 1 sold in the last 12 months.

Typical price per sqft
AED 3,398
Typical sale
AED 10.75M
Typical rent
AED 375K /yr
Typical yield
2.9%
Deema 1, The Lakes: prices, sales and rents →

V023, Deema 1 in numbers

  • Sold twice: first on 9 September 2008 for AED 3,684,944, last on 6 February 2020 for AED 2,350,000 (AED 696 per sqft).
  • Rented since October 2012 on 6 Ejari contracts, from AED 240,000 to AED 397,861 a year.
  • At AED 397,861 a year the gross yield on the 2020 price is 16.9%, before a service charge of about AED 12,100 a year (AED 3.58 per sqft).

Source: Dubai Land Department. Updated 10 October 2025.

Questions about V023, Deema 1

What did villa V023 last sell for?

AED 2,350,000 on 6 February 2020: AED 696 per sqft for 3,375 sqft. The villa has 2 registered sales; the first was AED 3,684,944 in September 2008.

What is the rent for villa V023?

AED 397,861 a year on the contract signed on 10 October 2025. The previous contract, from October 2018, was AED 225,000; the villa has been rented since October 2012.

How big is villa V023?

3,375 sqft (313.5 sqm): a four-bedroom villa in Deema 1, completed in 2003.

What is villa V023 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on V023, Deema 1

Starts from the last sale price (AED 2.35M, 6 February 2020). Switch to today's estimate once you have unlocked it.
Price
AED 2,350,000
Deposit, UAE resident (20%)
AED 470,000
Deposit, non-resident (40%)
AED 940,000
Monthly over 25 years at 3.7%
AED 9,615

Plus AED 103,710 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →