4-bed · 4,024 sqftDeema 2, The Lakes · completed 2003

V111, Deema 2

Sold prices and rental history: sold once, by the developer in October 2008, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V111 · DLD and Ejari recordsUpdated 15 November 2022
Last soldAED 3.76M23 October 2008
Current rentAED 243K /yr15 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for V111, Deema 2

What is V111 worth today?

Last sold for AED 3,759,888 in 2008

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15 Nov 2022RentedRenewal
AED 242,550/yr10 months · AED 60 per sqft
15 Nov 2021RentedRenewal
AED 231,000/yr12 months · AED 57 per sqft
15 Nov 2020RentedNew contract
AED 220,000/yr12 months · AED 55 per sqft
10 Nov 2019RentedRenewal
AED 240,000/yr12 months · AED 60 per sqft
10 Nov 2018RentedNew contract
AED 230,000/yr12 months · AED 57 per sqft
1 Apr 2017RentedRenewal
AED 285,000/yr12 months · AED 71 per sqft
1 Apr 2016RentedRenewal
AED 285,000/yr12 months · AED 71 per sqft
1 Apr 2014RentedNew contract
AED 285,000/yr12 months · AED 71 per sqft

Source: Dubai Land Department. Updated 15 November 2022.

Key facts

Type
4-bed villa
Size
4,024 sqft
Developer
Emaar
Completed
2003
Service charge
AED 14,400 /yr
Last sold
AED 3.76M · October 2008
Community
Deema 2

About V111, Deema 2

V111 is a four-bedroom villa of 4,024 sqft in Deema 2, a villa community in The Lakes completed in 2003 by Emaar. The developer sold it on 23 October 2008 for AED 3,759,888, or AED 934 per sqft, 5% below the AED 981 four-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, renewed on 15 November 2022, is AED 242,550 a year: a gross yield of 6.5% on the 2008 price, before the service charge of about AED 14,400 a year.

Sales and rents for V111 over time

Sales
Villa V111, each saleTypical four-bed in Deema 2
05M10M2008201320182023Typical sale price by year: 2008 AED 3,759,888; 2009 AED 4,007,846; 2010 AED 3,050,000; 2011 AED 3,300,000; 2013 AED 5,075,000; 2015 AED 1,431,000; 2016 AED 4,990,000; 2017 AED 5,000,000; 2022 AED 5,150,000; 2025 AED 11,850,000Sold by developer, October 2008: AED 3,759,888 (AED 934 per sqft)

V111 has sold once; the dashed line is the four-bed median of each year in the community.

Rents
Villa V111, each contractTypical four-bed in Deema 2
250K300K2012201620202024Typical rent by year: 2012 AED 257,500; 2013 AED 280,000; 2014 AED 285,000; 2015 AED 300,000; 2016 AED 285,000; 2017 AED 292,500; 2018 AED 280,000; 2019 AED 257,500; 2020 AED 227,500; 2021 AED 238,000; 2022 AED 249,665; 2023 AED 261,796; 2024 AED 286,000; 2025 AED 288,722; 2026 AED 326,813New contract, April 2013: AED 275,000 a yearNew contract, April 2014: AED 285,000 a yearRenewal, April 2016: AED 285,000 a yearRenewal, April 2017: AED 285,000 a yearNew contract, November 2018: AED 230,000 a yearRenewal, November 2019: AED 240,000 a yearNew contract, November 2020: AED 220,000 a yearRenewal, November 2021: AED 231,000 a yearRenewal, November 2022: AED 242,550 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 2, and where V111 sits

All 30 4-beds →

V111 last sold in October 2008 at AED 934 per sqft, 5% below what four-beds in Deema 2 were fetching at the time (AED 981). V111's AED 242,550 is at the bottom of that range.

Recent 4-bed salesVilla no.Price (AED)Summary
24 Oct 202510,350,000
1 Sep 202512,500,000
6 Aug 202515,800,000
2 Jul 202511,200,000
0 4-bed sales in the last 12 months

Deema 2

Community

53 villas, 3-bed to 4-bed in The Lakes, completed in 2003 by Emaar. No sale in the last 12 months.

Typical price per sqft
Few sales
Typical sale
Few sales
Typical rent
AED 328K /yr
Typical yield
Deema 2, The Lakes: prices, sales and rents →

V111, Deema 2 in numbers

  • Sold once: by Emaar on 23 October 2008 for AED 3,759,888, or AED 934 per sqft.
  • Rented since April 2013 on 9 Ejari contracts. The rent fell from AED 275,000 to AED 220,000 in 2020 and recovered to AED 242,550 by November 2022.
  • At AED 242,550 a year the gross yield on the 2008 price is 6.5%, before a service charge of about AED 14,400 a year (AED 3.58 per sqft).

Source: Dubai Land Department. Updated 15 November 2022.

Questions about V111, Deema 2

What did villa V111 last sell for?

AED 3,759,888 on 23 October 2008, sold by the developer: AED 934 per sqft for 4,024 sqft. It is the only registered sale of the villa.

What is the rent for villa V111?

AED 242,550 a year on the contract renewed on 15 November 2022. The previous contract, from November 2021, was AED 231,000; the villa has been rented since April 2013.

How big is villa V111?

4,024 sqft (373.8 sqm): a four-bedroom villa in Deema 2, completed in 2003.

What is villa V111 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 V111, Deema 2

Starts from the last sale price (AED 3.76M, 23 October 2008). Switch to today's estimate once you have unlocked it.
Price
AED 3,759,888
Deposit, UAE resident (20%)
AED 751,978
Deposit, non-resident (40%)
AED 1,503,955
Monthly over 25 years at 3.7%
AED 15,383

Plus AED 162,926 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →