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4-bed · 2,271 sqftAl Reem 1, Arabian Ranches · completed 2007

TH242, Al Reem 1

Sold prices and rental history: sold once, by the developer in December 2020, and rented since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH242 · DLD and Ejari recordsUpdated 25 February 2021
Last soldAED 654K27 December 2020
Current rentAED 105K /yr25 February 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for TH242, Al Reem 1

What is TH242 worth today?

Last sold for AED 653,888 in 2020

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25 Feb 2021RentedNew contract
AED 105,000/yr12 months · AED 46 per sqft
27 Dec 2020Sold by developerReady
AED 653,888AED 287 per sqft
15 Jan 2015RentedNew contract
AED 165,000/yr12 months · AED 73 per sqft

Source: Dubai Land Department. Updated 25 February 2021.

Key facts

Type
4-bed villa
Size
2,271 sqft
Developer
Emaar
Completed
2007
Service charge
AED 7,000 /yr
Last sold
AED 654K · December 2020
Community
Al Reem 1

About TH242, Al Reem 1

TH242 is a four-bedroom villa of 2,271 sqft in Al Reem 1, a villa community in Arabian Ranches completed in 2007 by Emaar. The developer sold it on 27 December 2020 for AED 653,888, or AED 287 per sqft, 52% below the AED 594 four-beds in the community were fetching at the time.

It has been rented since 2015 on 2 Ejari contracts. The current contract, signed on 25 February 2021, is AED 105,000 a year: a gross yield of 16.1% on the 2020 price, before the service charge of about AED 7,000 a year.

Sales and rents for TH242 over time

Sales
Villa TH242, each saleTypical four-bed in Al Reem 1
1M2M3M2007201220172022Typical sale price by year: 2007 AED 667,388; 2008 AED 1,051,000; 2009 AED 1,400,000; 2010 AED 1,062,500; 2011 AED 1,450,000; 2012 AED 1,795,000; 2013 AED 2,150,000; 2014 AED 2,637,500; 2015 AED 2,250,000; 2016 AED 2,300,000; 2017 AED 2,150,000; 2018 AED 1,800,000; 2019 AED 1,650,000; 2020 AED 1,430,000; 2021 AED 1,975,000; 2022 AED 2,325,000; 2023 AED 2,667,938Sold by developer, December 2020: AED 653,888 (AED 287 per sqft)

TH242 has sold once; the dashed line is the four-bed median of each year in the community.

Rents
Villa TH242, each contractTypical four-bed in Al Reem 1
100K150K200K20112015201920232027Typical rent by year: 2011 AED 110,000; 2012 AED 135,000; 2013 AED 148,500; 2014 AED 170,000; 2015 AED 170,000; 2016 AED 170,000; 2017 AED 147,500; 2018 AED 135,000; 2019 AED 120,000; 2020 AED 105,000; 2021 AED 112,000; 2022 AED 135,000; 2023 AED 147,500; 2024 AED 180,000; 2025 AED 190,000; 2026 AED 204,750New contract, January 2015: AED 165,000 a yearNew contract, February 2021: AED 105,000 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 Al Reem 1, and where TH242 sits

All 176 4-beds →

TH242 last sold in December 2020 at AED 287 per sqft, 52% below what four-beds in Al Reem 1 were fetching at the time (AED 594). TH242's AED 105,000 is at the bottom of that range.

Recent 4-bed salesVilla no.Price (AED)Summary
23 Jun 20232,595,000
2 Jun 20232,850,000
31 May 20231,325,000
12 May 20232,900,000
0 4-bed sales 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 198K /yr
Typical yield
4.3%
Al Reem 1, Arabian Ranches: prices, sales and rents →

TH242, Al Reem 1 in numbers

  • Sold once: by Emaar on 27 December 2020 for AED 653,888, or AED 287 per sqft.
  • Rented since January 2015 on 2 Ejari contracts, from AED 165,000 to AED 105,000 a year.
  • At AED 105,000 a year the gross yield on the 2020 price is 16.1%, before a service charge of about AED 7,000 a year (AED 3.08 per sqft).

Source: Dubai Land Department. Updated 25 February 2021.

Questions about TH242, Al Reem 1

What did villa TH242 last sell for?

AED 653,888 on 27 December 2020, sold by the developer: AED 287 per sqft for 2,271 sqft. It is the only registered sale of the villa.

What is the rent for villa TH242?

AED 105,000 a year on the contract signed on 25 February 2021. The previous contract, from January 2015, was AED 165,000.

How big is villa TH242?

2,271 sqft (211.0 sqm): a four-bedroom villa in Al Reem 1, completed in 2007.

What is villa TH242 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 TH242, Al Reem 1

Starts from the last sale price (AED 654K, 27 December 2020). Switch to today's estimate once you have unlocked it.
Price
AED 653,888
Deposit, UAE resident (20%)
AED 130,778
Deposit, non-resident (40%)
AED 261,555
Monthly over 25 years at 3.7%
AED 2,675

Plus AED 32,474 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →