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3-bed · 3,052 sqftAl Reem 1, Arabian Ranches · completed 2007

TH297, Al Reem 1

Sold prices and rental history: sold 5 times, last in December 2022, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH297 · DLD and Ejari recordsUpdated 5 December 2022
Last soldAED 3.4M5 December 2022
Current rentAED 160K /yr15 May 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for TH297, Al Reem 1

What is TH297 worth today?

Last sold for AED 3,400,000 in 2022

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5 Dec 2022SoldReady
AED 3,400,000AED 1,113 per sqft
18 Jul 2019SoldReady
AED 1,800,000AED 589 per sqft
15 May 2018RentedRenewal
AED 160,000/yr12 months · AED 52 per sqft
15 May 2017RentedRenewal
AED 193,000/yr12 months · AED 63 per sqft
15 May 2016RentedNew contract
AED 193,000/yr12 months · AED 63 per sqft
31 Jan 2016SoldReady
AED 2,875,000AED 941 per sqft
14 Jan 2013SoldReady
AED 2,800,000AED 917 per sqft
17 Jul 2008Sold by developerReady
AED 1,350,000AED 442 per sqft

Source: Dubai Land Department. Updated 5 December 2022.

Key facts

Type
3-bed villa
Size
3,052 sqft
Developer
Emaar
Completed
2007
Service charge
AED 9,400 /yr
Last sold
AED 3.4M · December 2022
Community
Al Reem 1

About TH297, Al Reem 1

TH297 is a three-bedroom villa of 3,052 sqft in Al Reem 1, a villa community in Arabian Ranches completed in 2007 by Emaar. It last sold on 5 December 2022 for AED 3,400,000, or AED 1,113 per sqft, 8% above the AED 1,033 three-beds in the community were fetching at the time.

It has been rented since 2016 on 3 Ejari contracts. The current contract, renewed on 15 May 2018, is AED 160,000 a year: a gross yield of 4.7% on the 2022 price, before the service charge of about AED 9,400 a year.

Sales and rents for TH297 over time

Sales
Villa TH297, each saleTypical three-bed in Al Reem 1
02M4M20072012201720222027Typical sale price by year: 2007 AED 680,194; 2008 AED 1,195,000; 2009 AED 1,050,000; 2010 AED 869,944; 2011 AED 1,050,000; 2012 AED 1,600,000; 2013 AED 2,375,000; 2014 AED 2,525,000; 2015 AED 2,412,500; 2016 AED 2,887,500; 2017 AED 2,000,000; 2018 AED 1,710,000; 2019 AED 1,575,000; 2020 AED 1,450,000; 2021 AED 2,122,500; 2022 AED 2,355,000; 2023 AED 3,400,000; 2024 AED 3,830,000; 2025 AED 4,800,000; 2026 AED 4,825,000Sold by developer, July 2008: AED 1,350,000 (AED 442 per sqft)Sold, January 2013: AED 2,800,000 (AED 917 per sqft)Sold, January 2016: AED 2,875,000 (AED 941 per sqft)Sold, July 2019: AED 1,800,000 (AED 589 per sqft)Sold, December 2022: AED 3,400,000 (AED 1,113 per sqft)

TH297 has sold 5 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa TH297, each contractTypical three-bed in Al Reem 1
100K150K200K2012201620202024Typical rent by year: 2012 AED 127,500; 2013 AED 147,500; 2014 AED 163,544; 2015 AED 165,000; 2016 AED 160,000; 2017 AED 143,573; 2018 AED 135,000; 2019 AED 115,000; 2020 AED 100,000; 2021 AED 110,000; 2022 AED 120,000; 2023 AED 139,575; 2024 AED 160,000; 2025 AED 165,000; 2026 AED 168,438New contract, May 2016: AED 193,000 a yearRenewal, May 2017: AED 193,000 a yearRenewal, May 2018: AED 160,000 a year

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

3-beds in Al Reem 1, and where TH297 sits

All 157 3-beds →

TH297 last sold in December 2022 at AED 1,113 per sqft, 8% above what three-beds in Al Reem 1 were fetching at the time (AED 1,033). Over the last 12 months three-beds sold for AED 4,100,000 to 7,100,000, around AED 1,961 per sqft, and rent for AED 130,000 to 228,526 a year. TH297's AED 160,000 is in the lower half of that range.

Recent 3-bed salesVilla no.Price (AED)Summary
5 Feb 20264,550,000
2 Feb 20267,100,000
22 Jan 20264,750,000
21 Jan 20264,500,000
13 3-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 →

TH297, Al Reem 1 in numbers

  • Sold 5 times: first on 17 July 2008 for AED 1,350,000, last on 5 December 2022 for AED 3,400,000 (AED 1,113 per sqft).
  • Rented since May 2016 on 3 Ejari contracts, from AED 193,000 to AED 160,000 a year.
  • At AED 160,000 a year the gross yield on the 2022 price is 4.7%, before a service charge of about AED 9,400 a year (AED 3.08 per sqft).
  • Three-beds in Al Reem 1 sold for AED 4,100,000–7,100,000 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 5 December 2022.

Questions about TH297, Al Reem 1

What did villa TH297 last sell for?

AED 3,400,000 on 5 December 2022: AED 1,113 per sqft for 3,052 sqft. The villa has 5 registered sales; the first was AED 1,350,000 in July 2008.

What is the rent for villa TH297?

AED 160,000 a year on the contract renewed on 15 May 2018. The previous contract, from May 2017, was AED 193,000; the villa has been rented since May 2016.

How big is villa TH297?

3,052 sqft (283.5 sqm): a three-bedroom villa in Al Reem 1, completed in 2007.

What is villa TH297 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Al Reem 1 sold for AED 4,100,000 to 7,100,000 in the last 12 months, around AED 1,961 per sqft.

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Mortgage on TH297, Al Reem 1

Starts from the last sale price (AED 3.4M, 5 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 3,400,000
Deposit, UAE resident (20%)
AED 680,000
Deposit, non-resident (40%)
AED 1,360,000
Monthly over 25 years at 3.7%
AED 13,910

Plus AED 147,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →