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4-bed · 2,460 sqftAl Reem 1, Arabian Ranches · completed 2007

TH248, Al Reem 1

Sold prices and rental history: sold once, by the developer in February 2008, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH248 · DLD and Ejari recordsUpdated 11 November 2023
Last soldAED 610K4 February 2008
Current rentAED 114K /yr11 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for TH248, Al Reem 1

What is TH248 worth today?

Last sold for AED 609,888 in 2008

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11 Nov 2023RentedRenewal
AED 114,000/yr12 months · AED 46 per sqft
11 Nov 2022RentedRenewal
AED 102,000/yr12 months · AED 41 per sqft
10 Nov 2021RentedRenewal
AED 95,734/yr12 months · AED 39 per sqft
10 Nov 2020RentedRenewal
AED 95,000/yr12 months · AED 39 per sqft
10 Nov 2019RentedNew contract
AED 95,000/yr12 months · AED 39 per sqft
1 Nov 2018RentedNew contract
AED 105,000/yr12 months · AED 43 per sqft
13 Apr 2017RentedNew contract
AED 160,000/yr12 months · AED 65 per sqft
21 Nov 2016RentedRenewal
AED 162,000/yr12 months · AED 66 per sqft

Source: Dubai Land Department. Updated 11 November 2023.

Key facts

Type
4-bed villa
Size
2,460 sqft
Developer
Emaar
Completed
2007
Service charge
AED 7,600 /yr
Last sold
AED 610K · February 2008
Community
Al Reem 1

About TH248, Al Reem 1

TH248 is a four-bedroom villa of 2,460 sqft in Al Reem 1, a villa community in Arabian Ranches completed in 2007 by Emaar. The developer sold it on 4 February 2008 for AED 609,888, or AED 247 per sqft, 15% below the AED 291 four-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, renewed on 11 November 2023, is AED 114,000 a year: a gross yield of 18.7% on the 2008 price, before the service charge of about AED 7,600 a year.

Sales and rents for TH248 over time

Sales
Villa TH248, 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, February 2008: AED 609,888 (AED 247 per sqft)

TH248 has sold once; the dashed line is the four-bed median of each year in the community.

Rents
Villa TH248, 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, October 2013: AED 115,500 a yearRenewal, November 2016: AED 162,000 a yearNew contract, April 2017: AED 160,000 a yearNew contract, November 2018: AED 105,000 a yearNew contract, November 2019: AED 95,000 a yearRenewal, November 2020: AED 95,000 a yearRenewal, November 2021: AED 95,734 a yearRenewal, November 2022: AED 102,000 a yearRenewal, November 2023: AED 114,000 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 TH248 sits

All 176 4-beds →

TH248 last sold in February 2008 at AED 247 per sqft, 15% below what four-beds in Al Reem 1 were fetching at the time (AED 291). TH248's AED 114,000 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 →

TH248, Al Reem 1 in numbers

  • Sold once: by Emaar on 4 February 2008 for AED 609,888, or AED 247 per sqft.
  • Rented since October 2013 on 9 Ejari contracts. The rent fell from AED 115,500 to AED 95,000 in 2020 and recovered to AED 114,000 by November 2023.
  • At AED 114,000 a year the gross yield on the 2008 price is 18.7%, before a service charge of about AED 7,600 a year (AED 3.08 per sqft).

Source: Dubai Land Department. Updated 11 November 2023.

Questions about TH248, Al Reem 1

What did villa TH248 last sell for?

AED 609,888 on 4 February 2008, sold by the developer: AED 247 per sqft for 2,460 sqft. It is the only registered sale of the villa.

What is the rent for villa TH248?

AED 114,000 a year on the contract renewed on 11 November 2023. The previous contract, from November 2022, was AED 102,000; the villa has been rented since October 2013.

How big is villa TH248?

2,460 sqft (228.5 sqm): a four-bedroom villa in Al Reem 1, completed in 2007.

What is villa TH248 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 TH248, Al Reem 1

Starts from the last sale price (AED 610K, 4 February 2008). Switch to today's estimate once you have unlocked it.
Price
AED 609,888
Deposit, UAE resident (20%)
AED 121,978
Deposit, non-resident (40%)
AED 243,955
Monthly over 25 years at 3.7%
AED 2,495

Plus AED 30,626 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →