Ulli \u(l)-li\ as a girl's name is a variant of Ula (Scandinavian, Celtic, Hawaiian), and the meaning of Ulli is "wealthy; gem of the sea; sacred red".
The baby name Ulli sounds like Alli, Elli and Ulla. Other similar baby names are Delli, Ailli, Aili, Ally, Allie, Ali, Alle, Alla, Ellie, Allia, Poli, Mali, Bali, Billi, Calli, Kalli, Cali, Milli, Cili, Celli, Ella, Dilli, Dolli, Elle, Nelli, Elly, Eli, Ellia, Hali, Halli, Holli, Illa, Illia, Jilli, Joli, Juli, Kali, Kelli, Kyli, Lali, Lilli, Lili, Tilli, Melli, Molli, Olla, Ollie, Pali, Polli, Tali, Ulani, Ullima, Ulka, Ulva and Valli.