TH245, Al Reem 1
Sold prices and rental history: sold 3 times, last in December 2014, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for TH245, Al Reem 1
What is TH245 worth today?
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Source: Dubai Land Department. Updated 7 August 2024.
Key facts
- Type
- 4-bed villa
- Size
- 2,475 sqft
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 7,600 /yr
- Last sold
- AED 2.68M · December 2014
- Community
- Al Reem 1
About TH245, Al Reem 1
TH245 is a four-bedroom villa of 2,475 sqft in Al Reem 1, a villa community in Arabian Ranches completed in 2007 by Emaar. It last sold on 1 December 2014 for AED 2,675,000, or AED 1,080 per sqft, 4% below the AED 1,121 four-beds in the community were fetching at the time.
It has been rented continuously since 2012 on 9 Ejari contracts. The current contract, renewed on 7 August 2024, is AED 176,000 a year: a gross yield of 6.6% on the 2014 price, before the service charge of about AED 7,600 a year.
Sales and rents for TH245 over time
TH245 has sold 3 times; the dashed line is the four-bed median of each year in the community.
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 TH245 sits
All 176 4-beds →TH245 last sold in December 2014 at AED 1,080 per sqft, 4% below what four-beds in Al Reem 1 were fetching at the time (AED 1,121). TH245's AED 176,000 is in the lower half of that range.
| Recent 4-bed sales | Villa no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 23 Jun 202323 June 2023 | 2,460 sqft | 2,595,000 | 1,054 | ||
| 2 Jun 20232 June 2023 | 2,460 sqft | 2,850,000 | 1,158 | ||
| 31 May 202331 May 2023 | 2,272 sqft | 1,325,000 | 583 | ||
| 12 May 202312 May 2023 | 2,287 sqft | 2,900,000 | 1,268 |
Al Reem 1
Community473 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%
TH245, Al Reem 1 in numbers
- Sold 3 times: first on 20 December 2009 for AED 609,888, last on 1 December 2014 for AED 2,675,000 (AED 1,080 per sqft).
- Rented since June 2012 on 9 Ejari contracts. The rent fell from AED 148,000 to AED 95,000 in 2020 and recovered to AED 176,000 by August 2024.
- At AED 176,000 a year the gross yield on the 2014 price is 6.6%, before a service charge of about AED 7,600 a year (AED 3.08 per sqft).
Source: Dubai Land Department. Updated 7 August 2024.
Questions about TH245, Al Reem 1
What did villa TH245 last sell for?
AED 2,675,000 on 1 December 2014: AED 1,080 per sqft for 2,475 sqft. The villa has 3 registered sales; the first was AED 609,888 in December 2009.
What is the rent for villa TH245?
AED 176,000 a year on the contract renewed on 7 August 2024. The previous contract, from August 2023, was AED 160,000; the villa has been rented since June 2012.
How big is villa TH245?
2,475 sqft (229.9 sqm): a four-bedroom villa in Al Reem 1, completed in 2007.
What is villa TH245 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 TH245, Al Reem 1
Starts from the last sale price (AED 2.68M, 1 December 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 2,675,000
- Deposit, UAE resident (20%)
- AED 535,000
- Deposit, non-resident (40%)
- AED 1,070,000
- Monthly over 25 years at 3.7%
- AED 10,944
Plus AED 117,360 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →