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

V062, Deema 1

Sold prices and rental history: sold 3 times, last in March 2023, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V062 · DLD and Ejari recordsUpdated 21 March 2023
Last soldAED 6.2M21 March 2023
Current rentAED 240K /yr22 January 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V062, Deema 1

What is V062 worth today?

Last sold for AED 6,200,000 in 2023

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21 Mar 2023SoldReady
AED 6,200,000AED 1,540 per sqft
9 Dec 2022SoldReady
AED 5,200,000AED 1,292 per sqft
22 Jan 2022RentedRenewal
AED 240,000/yr12 months · AED 60 per sqft
22 Jan 2021RentedRenewal
AED 240,000/yr12 months · AED 60 per sqft
22 Jan 2020RentedNew contract
AED 240,000/yr12 months · AED 60 per sqft
1 Dec 2018RentedRenewal
AED 232,500/yr12 months · AED 58 per sqft
1 Dec 2017RentedRenewal
AED 270,000/yr12 months · AED 67 per sqft
18 Jun 2008Sold by developerReady
AED 3,702,888AED 920 per sqft

Source: Dubai Land Department. Updated 21 March 2023.

Key facts

Type
4-bed villa
Size
4,024 sqft
Developer
Emaar
Completed
2003
Service charge
AED 14,400 /yr
Last sold
AED 6.2M · March 2023
Community
Deema 1

About V062, Deema 1

V062 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 21 March 2023 for AED 6,200,000, or AED 1,540 per sqft, in line with the AED 1,528 four-beds in the community were fetching at the time.

It has been rented continuously since 2017 on 5 Ejari contracts. The current contract, renewed on 22 January 2022, is AED 240,000 a year: a gross yield of 3.9% on the 2023 price, before the service charge of about AED 14,400 a year.

Sales and rents for V062 over time

Sales
Villa V062, 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, June 2008: AED 3,702,888 (AED 920 per sqft)Sold, December 2022: AED 5,200,000 (AED 1,292 per sqft)Sold, March 2023: AED 6,200,000 (AED 1,540 per sqft)

V062 has sold 3 times; the dashed line is the four-bed median of each year in the community.

Rents
Villa V062, 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, December 2017: AED 270,000 a yearRenewal, December 2018: AED 232,500 a yearNew contract, January 2020: AED 240,000 a yearRenewal, January 2021: AED 240,000 a yearRenewal, January 2022: AED 240,000 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 V062 sits

All 34 4-beds →

V062 last sold in March 2023 at AED 1,540 per sqft, in line with what four-beds in Deema 1 were fetching at the time (AED 1,528). V062's AED 240,000 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 →

V062, Deema 1 in numbers

  • Sold 3 times: first on 18 June 2008 for AED 3,702,888, last on 21 March 2023 for AED 6,200,000 (AED 1,540 per sqft).
  • Rented since December 2017 on 5 Ejari contracts, from AED 270,000 to AED 240,000 a year.
  • At AED 240,000 a year the gross yield on the 2023 price is 3.9%, before a service charge of about AED 14,400 a year (AED 3.58 per sqft).

Source: Dubai Land Department. Updated 21 March 2023.

Questions about V062, Deema 1

What did villa V062 last sell for?

AED 6,200,000 on 21 March 2023: AED 1,540 per sqft for 4,024 sqft. The villa has 3 registered sales; the first was AED 3,702,888 in June 2008.

What is the rent for villa V062?

AED 240,000 a year on the contract renewed on 22 January 2022. The previous contract, from January 2021, was AED 240,000; the villa has been rented since December 2017.

How big is villa V062?

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

What is villa V062 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 V062, Deema 1

Starts from the last sale price (AED 6.2M, 21 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 6,200,000
Deposit, UAE resident (20%)
AED 1,240,000
Deposit, non-resident (40%)
AED 2,480,000
Monthly over 25 years at 3.7%
AED 25,366

Plus AED 265,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →