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4-bed · 2,282 sqftAl Reem 1, Arabian Ranches · completed 2007

TH397, Al Reem 1

Sold prices and rental history: sold 3 times, last in July 2017, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH397 · DLD and Ejari recordsUpdated 6 July 2017
Last soldAED 2.35M6 July 2017
Current rentAED 130K /yr1 October 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH397, Al Reem 1

What is TH397 worth today?

Last sold for AED 2,350,000 in 2017

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6 Jul 2017SoldReady
AED 2,350,000AED 1,029 per sqft
1 Oct 2015RentedRenewal
AED 130,000/yr12 months · AED 57 per sqft
15 Sep 2014RentedNew contract
AED 130,000/yr12 months · AED 57 per sqft
19 Feb 2008SoldReady
AED 2,375,000AED 1,040 per sqft
8 Jan 2008Sold by developerReady
AED 855,888AED 375 per sqft

Source: Dubai Land Department. Updated 6 July 2017.

Key facts

Type
4-bed villa
Size
2,282 sqft
Developer
Emaar
Completed
2007
Service charge
AED 7,000 /yr
Last sold
AED 2.35M · July 2017
Community
Al Reem 1

About TH397, Al Reem 1

TH397 is a four-bedroom villa of 2,282 sqft in Al Reem 1, a villa community in Arabian Ranches completed in 2007 by Emaar. It last sold on 6 July 2017 for AED 2,350,000, or AED 1,029 per sqft, 8% above the AED 956 four-beds in the community were fetching at the time.

It has been rented since 2014 on 2 Ejari contracts. The current contract, renewed on 1 October 2015, is AED 130,000 a year: a gross yield of 5.5% on the 2017 price, before the service charge of about AED 7,000 a year.

Sales and rents for TH397 over time

Sales
Villa TH397, 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, January 2008: AED 855,888 (AED 375 per sqft)Sold, February 2008: AED 2,375,000 (AED 1,040 per sqft)Sold, July 2017: AED 2,350,000 (AED 1,029 per sqft)

TH397 has sold 3 times; the dashed line is the four-bed median of each year in the community.

Rents
Villa TH397, 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, September 2014: AED 130,000 a yearRenewal, October 2015: AED 130,000 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 TH397 sits

All 176 4-beds →

TH397 last sold in July 2017 at AED 1,029 per sqft, 8% above what four-beds in Al Reem 1 were fetching at the time (AED 956). TH397's AED 130,000 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 195K /yr
Typical yield
4.3%
Al Reem 1, Arabian Ranches: prices, sales and rents →

TH397, Al Reem 1 in numbers

  • Sold 3 times: first on 8 January 2008 for AED 855,888, last on 6 July 2017 for AED 2,350,000 (AED 1,029 per sqft).
  • Rented since September 2014 on 2 Ejari contracts, at AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2017 price is 5.5%, before a service charge of about AED 7,000 a year (AED 3.08 per sqft).

Source: Dubai Land Department. Updated 6 July 2017.

Questions about TH397, Al Reem 1

What did villa TH397 last sell for?

AED 2,350,000 on 6 July 2017: AED 1,029 per sqft for 2,282 sqft. The villa has 3 registered sales; the first was AED 855,888 in January 2008.

What is the rent for villa TH397?

AED 130,000 a year on the contract renewed on 1 October 2015. The previous contract, from September 2014, was AED 130,000.

How big is villa TH397?

2,282 sqft (212.0 sqm): a four-bedroom villa in Al Reem 1, completed in 2007.

What is villa TH397 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 TH397, Al Reem 1

Starts from the last sale price (AED 2.35M, 6 July 2017). Switch to today's estimate once you have unlocked it.
Price
AED 2,350,000
Deposit, UAE resident (20%)
AED 470,000
Deposit, non-resident (40%)
AED 940,000
Monthly over 25 years at 3.7%
AED 9,615

Plus AED 103,710 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →