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

V118, Deema 2

Sold prices and rental history: sold 3 times, last in March 2017, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V118 · DLD and Ejari recordsUpdated 23 March 2017
Last soldAED 5M23 March 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V118, Deema 2

What is V118 worth today?

Last sold for AED 5,000,000 in 2017

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23 Mar 2017SoldReady
AED 5,000,000AED 1,242 per sqft
27 Sep 2009SoldReady
AED 4,000,000AED 994 per sqft
17 Jun 2008Sold by developerReady
AED 3,947,888AED 981 per sqft

Source: Dubai Land Department. Updated 23 March 2017.

Key facts

Type
4-bed villa
Size
4,024 sqft
Developer
Emaar
Completed
2003
Service charge
AED 14,400 /yr
Last sold
AED 5M · March 2017
Community
Deema 2

About V118, Deema 2

V118 is a four-bedroom villa of 4,024 sqft in Deema 2, a villa community in The Lakes completed in 2003 by Emaar. It last sold on 23 March 2017 for AED 5,000,000, or AED 1,242 per sqft, in line with the AED 1,240 four-beds in the community were fetching at the time.

No rental contract for the villa is registered on Ejari.

Sales and rents for V118 over time

Sales
Villa V118, 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, June 2008: AED 3,947,888 (AED 981 per sqft)Sold, September 2009: AED 4,000,000 (AED 994 per sqft)Sold, March 2017: AED 5,000,000 (AED 1,242 per sqft)

V118 has sold 3 times; the dashed line is the four-bed median of each year in the community.

Rents
Villa V118, 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 326,813

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 V118 sits

All 30 4-beds →

V118 last sold in March 2017 at AED 1,242 per sqft, in line with what four-beds in Deema 2 were fetching at the time (AED 1,240).

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 →

V118, Deema 2 in numbers

  • Sold 3 times: first on 17 June 2008 for AED 3,947,888, last on 23 March 2017 for AED 5,000,000 (AED 1,242 per sqft).

Source: Dubai Land Department. Updated 23 March 2017.

Questions about V118, Deema 2

What did villa V118 last sell for?

AED 5,000,000 on 23 March 2017: AED 1,242 per sqft for 4,024 sqft. The villa has 3 registered sales; the first was AED 3,947,888 in June 2008.

How big is villa V118?

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

What is villa V118 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 V118, Deema 2

Starts from the last sale price (AED 5M, 23 March 2017). Switch to today's estimate once you have unlocked it.
Price
AED 5,000,000
Deposit, UAE resident (20%)
AED 1,000,000
Deposit, non-resident (40%)
AED 2,000,000
Monthly over 25 years at 3.7%
AED 20,457

Plus AED 215,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →