4-bed · 3,375 sqftDeema 2, The Lakes · completed 2003

V119, Deema 2

Sold prices and rental history: sold twice, last in February 2011, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V119 · DLD and Ejari recordsUpdated 24 August 2024
Last soldAED 4.06M16 February 2011
Current rentAED 450K /yr24 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for V119, Deema 2

What is V119 worth today?

Last sold for AED 4,055,888 in 2011

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

24 Aug 2024RentedNew contract
AED 450,000/yr12 months · AED 133 per sqft
5 Sep 2023RentedRenewal
AED 350,000/yr12 months · AED 104 per sqft
5 Sep 2022RentedRenewal
AED 315,000/yr12 months · AED 93 per sqft
5 Sep 2021RentedNew contract
AED 300,000/yr12 months · AED 89 per sqft
16 Feb 2011Sold by developerReady
AED 4,055,888AED 1,201 per sqft
16 Feb 2011SoldReady
AED 3,100,000AED 918 per sqft

Source: Dubai Land Department. Updated 24 August 2024.

Key facts

Type
4-bed villa
Size
3,375 sqft
Developer
Emaar
Completed
2003
Service charge
AED 12,100 /yr
Last sold
AED 4.06M · February 2011
Community
Deema 2

About V119, Deema 2

V119 is a four-bedroom villa of 3,375 sqft in Deema 2, a villa community in The Lakes completed in 2003 by Emaar. The developer sold it on 16 February 2011 for AED 4,055,888, or AED 1,201 per sqft, 31% above the AED 918 four-beds in the community were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 24 August 2024, is AED 450,000 a year: a gross yield of 11.1% on the 2011 price, before the service charge of about AED 12,100 a year.

Sales and rents for V119 over time

Sales
Villa V119, 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, February 2011: AED 4,055,888 (AED 1,201 per sqft)Sold, February 2011: AED 3,100,000 (AED 918 per sqft)

V119 has sold twice; the dashed line is the four-bed median of each year in the community.

Rents
Villa V119, each contractTypical four-bed in Deema 2
200K400K2012201620202024Typical 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, September 2021: AED 300,000 a yearRenewal, September 2022: AED 315,000 a yearRenewal, September 2023: AED 350,000 a yearNew contract, August 2024: AED 450,000 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 2, and where V119 sits

All 30 4-beds →

V119 last sold in February 2011 at AED 1,201 per sqft, 31% above what four-beds in Deema 2 were fetching at the time (AED 918). V119's AED 450,000 is in the upper half 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 →

V119, Deema 2 in numbers

  • Sold twice: first on 16 February 2011 for AED 3,100,000, last on 16 February 2011 for AED 4,055,888 (AED 1,201 per sqft).
  • Rented since September 2021 on 4 Ejari contracts, from AED 300,000 to AED 450,000 a year.
  • At AED 450,000 a year the gross yield on the 2011 price is 11.1%, before a service charge of about AED 12,100 a year (AED 3.58 per sqft).

Source: Dubai Land Department. Updated 24 August 2024.

Questions about V119, Deema 2

What did villa V119 last sell for?

AED 4,055,888 on 16 February 2011, sold by the developer: AED 1,201 per sqft for 3,375 sqft. The villa has 2 registered sales; the first was AED 3,100,000 in February 2011.

What is the rent for villa V119?

AED 450,000 a year on the contract signed on 24 August 2024. The previous contract, from September 2023, was AED 350,000; the villa has been rented since September 2021.

How big is villa V119?

3,375 sqft (313.5 sqm): a four-bedroom villa in Deema 2, completed in 2003.

What is villa V119 worth today?

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

Selling V119? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on V119, Deema 2

Starts from the last sale price (AED 4.06M, 16 February 2011). Switch to today's estimate once you have unlocked it.
Price
AED 4,055,888
Deposit, UAE resident (20%)
AED 811,178
Deposit, non-resident (40%)
AED 1,622,355
Monthly over 25 years at 3.7%
AED 16,594

Plus AED 175,358 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →