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4-bed · 4,024 sqftDeema 1, The Lakes · completed 2003

V042, Deema 1

Sold prices and rental history: sold twice, last in January 2021, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V042 · DLD and Ejari recordsUpdated 27 January 2021
Last soldAED 4.15M27 January 2021
Current rentAED 200K /yr2 January 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for V042, Deema 1

What is V042 worth today?

Last sold for AED 4,150,000 in 2021

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27 Jan 2021SoldReady
AED 4,150,000AED 1,031 per sqft
2 Jan 2021RentedNew contract
AED 200,000/yr12 months · AED 50 per sqft
2 Jan 2020RentedRenewal
AED 200,000/yr12 months · AED 50 per sqft
2 Jan 2019RentedNew contract
AED 220,000/yr12 months · AED 55 per sqft
25 Sep 2016RentedNew contract
AED 260,000/yr12 months · AED 65 per sqft
4 May 2015RentedRenewal
AED 270,000/yr12 months · AED 67 per sqft
2 Aug 2009Sold by developerReady
AED 3,775,888AED 938 per sqft

Source: Dubai Land Department. Updated 27 January 2021.

Key facts

Type
4-bed villa
Size
4,024 sqft
Developer
Emaar
Completed
2003
Service charge
AED 14,400 /yr
Last sold
AED 4.15M · January 2021
Community
Deema 1

About V042, Deema 1

V042 is a four-bedroom villa of 4,024 sqft in Deema 1, a villa community in The Lakes completed in 2003 by Emaar. It last sold on 27 January 2021 for AED 4,150,000, or AED 1,031 per sqft, in line with the AED 1,031 four-beds in the community were fetching at the time.

It has been rented continuously since 2015 on 5 Ejari contracts. The current contract, signed on 2 January 2021, is AED 200,000 a year: a gross yield of 4.8% on the 2021 price, before the service charge of about AED 14,400 a year.

Sales and rents for V042 over time

Sales
Villa V042, each saleTypical four-bed in Deema 1
2.5M5M7.5M2008201320182023Typical 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, August 2009: AED 3,775,888 (AED 938 per sqft)Sold, January 2021: AED 4,150,000 (AED 1,031 per sqft)

V042 has sold twice; the dashed line is the four-bed median of each year in the community.

Rents
Villa V042, each contractTypical four-bed in Deema 1
200K300K2012201620202024Typical 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 326,000Renewal, May 2015: AED 270,000 a yearNew contract, September 2016: AED 260,000 a yearNew contract, January 2019: AED 220,000 a yearRenewal, January 2020: AED 200,000 a yearNew contract, January 2021: AED 200,000 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 V042 sits

All 34 4-beds →

V042 last sold in January 2021 at AED 1,031 per sqft, in line with what four-beds in Deema 1 were fetching at the time (AED 1,031). V042's AED 200,000 is in the lower 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 →

V042, Deema 1 in numbers

  • Sold twice: first on 2 August 2009 for AED 3,775,888, last on 27 January 2021 for AED 4,150,000 (AED 1,031 per sqft).
  • Rented since May 2015 on 5 Ejari contracts, from AED 270,000 to AED 200,000 a year.
  • At AED 200,000 a year the gross yield on the 2021 price is 4.8%, before a service charge of about AED 14,400 a year (AED 3.58 per sqft).

Source: Dubai Land Department. Updated 27 January 2021.

Questions about V042, Deema 1

What did villa V042 last sell for?

AED 4,150,000 on 27 January 2021: AED 1,031 per sqft for 4,024 sqft. The villa has 2 registered sales; the first was AED 3,775,888 in August 2009.

What is the rent for villa V042?

AED 200,000 a year on the contract signed on 2 January 2021. The previous contract, from January 2020, was AED 200,000; the villa has been rented since May 2015.

How big is villa V042?

4,024 sqft (373.8 sqm): a four-bedroom villa in Deema 1, completed in 2003.

What is villa V042 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 V042, Deema 1

Starts from the last sale price (AED 4.15M, 27 January 2021). Switch to today's estimate once you have unlocked it.
Price
AED 4,150,000
Deposit, UAE resident (20%)
AED 830,000
Deposit, non-resident (40%)
AED 1,660,000
Monthly over 25 years at 3.7%
AED 16,979

Plus AED 179,310 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →