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2-bed · 1,647 sqftAl Reem 1, Arabian Ranches · completed 2007

TH024, Al Reem 1

Sold prices and rental history: sold 5 times, last in October 2024, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH024 · DLD and Ejari recordsUpdated 15 October 2024
Last soldAED 2.75M15 October 2024
Current rentAED 105K /yr11 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH024, Al Reem 1

What is TH024 worth today?

Last sold for AED 2,750,000 in 2024

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15 Oct 2024SoldReady
AED 2,750,000AED 1,669 per sqft
11 Sep 2023SoldReady
AED 2,230,000AED 1,353 per sqft
11 Sep 2022RentedNew contract
AED 105,000/yr12 months · AED 64 per sqft
11 Sep 2021RentedNew contract
AED 105,000/yr12 months · AED 64 per sqft
31 Aug 2020RentedNew contract
AED 100,000/yr12 months · AED 61 per sqft
12 May 2020RentedRenewal
AED 96,282/yr3 months · AED 58 per sqft
12 May 2019RentedRenewal
AED 115,000/yr12 months · AED 70 per sqft
12 May 2018RentedNew contract
AED 125,000/yr12 months · AED 76 per sqft

Source: Dubai Land Department. Updated 15 October 2024.

Key facts

Type
2-bed villa
Size
1,647 sqft
Developer
Emaar
Completed
2007
Service charge
AED 5,100 /yr
Last sold
AED 2.75M · October 2024
Community
Al Reem 1

About TH024, Al Reem 1

TH024 is a two-bedroom villa of 1,647 sqft in Al Reem 1, a villa community in Arabian Ranches completed in 2007 by Emaar. It last sold on 15 October 2024 for AED 2,750,000, or AED 1,669 per sqft, 8% above the AED 1,542 two-beds in the community were fetching at the time.

It has been rented continuously since 2012 on 8 Ejari contracts. The current contract, signed on 11 September 2022, is AED 105,000 a year: a gross yield of 3.8% on the 2024 price, before the service charge of about AED 5,100 a year.

Sales and rents for TH024 over time

Sales
Villa TH024, each saleTypical two-bed in Al Reem 1
02M2007201220172022Typical sale price by year: 2007 AED 343,972; 2008 AED 645,444; 2009 AED 448,888; 2011 AED 739,444; 2014 AED 2,087,500; 2016 AED 1,825,000; 2018 AED 1,600,000; 2022 AED 1,575,000; 2023 AED 2,150,000; 2024 AED 2,825,000; 2025 AED 3,330,000Sold, April 2008: AED 1,900,000 (AED 1,153 per sqft)Sold by developer, April 2008: AED 448,888 (AED 272 per sqft)Sold, September 2014: AED 2,100,000 (AED 1,275 per sqft)Sold, September 2023: AED 2,230,000 (AED 1,353 per sqft)Sold, October 2024: AED 2,750,000 (AED 1,669 per sqft)

TH024 has sold 5 times; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH024, each contractTypical two-bed in Al Reem 1
100K150K2012201620202024Typical rent by year: 2012 AED 88,200; 2013 AED 95,000; 2014 AED 134,000; 2015 AED 130,000; 2016 AED 135,000; 2017 AED 122,500; 2018 AED 107,500; 2019 AED 90,000; 2020 AED 82,500; 2021 AED 88,500; 2022 AED 105,000; 2023 AED 130,000; 2024 AED 140,000; 2025 AED 175,000New contract, June 2012: AED 95,000 a yearNew contract, June 2013: AED 95,000 a yearNew contract, May 2018: AED 125,000 a yearRenewal, May 2019: AED 115,000 a yearRenewal, May 2020: AED 96,282 a yearNew contract, August 2020: AED 100,000 a yearNew contract, September 2021: AED 105,000 a yearNew contract, September 2022: AED 105,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the community.

2-beds in Al Reem 1, and where TH024 sits

All 20 2-beds →

TH024 last sold in October 2024 at AED 1,669 per sqft, 8% above what two-beds in Al Reem 1 were fetching at the time (AED 1,542). Over the last 12 months two-beds sold for AED 3,750,000, around AED 2,144 per sqft, and rent for AED 155,000 to 175,000 a year.

Recent 2-bed salesVilla no.Price (AED)Summary
18 Dec 20253,750,000
30 Oct 20253,550,000
29 Oct 20253,330,000
23 Oct 20254,400,000
1 2-bed sale in the last 12 months

Al Reem 1

Community

473 villas, 2-bed to 5-bed in Arabian Ranches, completed in 2007 by Emaar. 14 sold in the last 12 months.

Typical price per sqft
AED 1,989 Up 5.9%
Typical sale
AED 4.83M
Typical rent
AED 195K /yr
Typical yield
4.3%
Al Reem 1, Arabian Ranches: prices, sales and rents →

TH024, Al Reem 1 in numbers

  • Sold 5 times: first on 14 April 2008 for AED 448,888, last on 15 October 2024 for AED 2,750,000 (AED 1,669 per sqft).
  • Rented since June 2012 on 8 Ejari contracts, from AED 95,000 to AED 105,000 a year.
  • At AED 105,000 a year the gross yield on the 2024 price is 3.8%, before a service charge of about AED 5,100 a year (AED 3.08 per sqft).
  • Two-beds in Al Reem 1 sold for AED 3,750,000–3,750,000 in the 12 months to November 2026; the community's median across all types is AED 1,989 per sqft.

Source: Dubai Land Department. Updated 15 October 2024.

Questions about TH024, Al Reem 1

What did villa TH024 last sell for?

AED 2,750,000 on 15 October 2024: AED 1,669 per sqft for 1,647 sqft. The villa has 5 registered sales; the first was AED 448,888 in April 2008.

What is the rent for villa TH024?

AED 105,000 a year on the contract signed on 11 September 2022. The previous contract, from September 2021, was AED 105,000; the villa has been rented since June 2012.

How big is villa TH024?

1,647 sqft (153.0 sqm): a two-bedroom villa in Al Reem 1, completed in 2007.

What is villa TH024 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Al Reem 1 sold for AED 3,750,000 to 3,750,000 in the last 12 months, around AED 2,144 per sqft.

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Mortgage on TH024, Al Reem 1

Starts from the last sale price (AED 2.75M, 15 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,750,000
Deposit, UAE resident (20%)
AED 550,000
Deposit, non-resident (40%)
AED 1,100,000
Monthly over 25 years at 3.7%
AED 11,251

Plus AED 120,510 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →