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3-bed · 2,643 sqftAl Reem 2, Arabian Ranches · completed 2007

TH031, Al Reem 2

Sold prices and rental history: sold twice, last in March 2024, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH031 · DLD and Ejari recordsUpdated 29 March 2024
Last soldAED 3.65M29 March 2024
Current rentAED 135K /yr4 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH031, Al Reem 2

What is TH031 worth today?

Last sold for AED 3,650,000 in 2024

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29 Mar 2024SoldReady
AED 3,650,000AED 1,381 per sqft
4 Dec 2022RentedRenewal
AED 135,450/yr12 months · AED 51 per sqft
4 Dec 2021RentedRenewal
AED 129,000/yr12 months · AED 49 per sqft
4 Dec 2020RentedRenewal
AED 117,000/yr12 months · AED 44 per sqft
4 Dec 2019RentedRenewal
AED 127,000/yr12 months · AED 48 per sqft
4 Dec 2016RentedRenewal
AED 170,000/yr12 months · AED 64 per sqft
4 Dec 2015RentedNew contract
AED 170,000/yr12 months · AED 64 per sqft
31 Jan 2008Sold by developerReady
AED 405,766AED 153 per sqft

Source: Dubai Land Department. Updated 29 March 2024.

Key facts

Type
3-bed villa
Size
2,643 sqft
Developer
Emaar
Completed
2007
Service charge
AED 8,100 /yr
Last sold
AED 3.65M · March 2024
Community
Al Reem 2

About TH031, Al Reem 2

TH031 is a three-bedroom villa of 2,643 sqft in Al Reem 2, a villa community in Arabian Ranches completed in 2007 by Emaar. It last sold on 29 March 2024 for AED 3,650,000, or AED 1,381 per sqft, 6% above the AED 1,301 three-beds in the community were fetching at the time.

It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, renewed on 4 December 2022, is AED 135,450 a year: a gross yield of 3.7% on the 2024 price, before the service charge of about AED 8,100 a year.

Sales and rents for TH031 over time

Sales
Villa TH031, each saleTypical three-bed in Al Reem 2
02M4M2007201220172022Typical sale price by year: 2007 AED 778,891; 2008 AED 1,132,369; 2009 AED 968,888; 2010 AED 1,537,500; 2011 AED 900,000; 2012 AED 1,660,000; 2013 AED 2,147,500; 2014 AED 3,200,000; 2015 AED 2,550,000; 2016 AED 2,250,000; 2017 AED 2,250,000; 2018 AED 1,750,000; 2019 AED 1,250,000; 2020 AED 1,350,000; 2021 AED 2,052,500; 2022 AED 3,000,000; 2023 AED 3,275,000; 2024 AED 3,775,000; 2025 AED 4,850,000Sold by developer, January 2008: AED 405,766 (AED 153 per sqft)Sold, March 2024: AED 3,650,000 (AED 1,381 per sqft)

TH031 has sold twice; the dashed line is the three-bed median of each year in the community.

Rents
Villa TH031, each contractTypical three-bed in Al Reem 2
100K150K2012201620202024Typical rent by year: 2012 AED 128,500; 2013 AED 125,750; 2014 AED 152,000; 2015 AED 168,750; 2016 AED 150,000; 2017 AED 140,000; 2018 AED 120,000; 2019 AED 115,000; 2020 AED 106,000; 2021 AED 99,724; 2022 AED 120,000; 2023 AED 139,150; 2024 AED 160,011; 2025 AED 168,000; 2026 AED 180,750New contract, December 2015: AED 170,000 a yearRenewal, December 2016: AED 170,000 a yearRenewal, December 2019: AED 127,000 a yearRenewal, December 2020: AED 117,000 a yearRenewal, December 2021: AED 129,000 a yearRenewal, December 2022: AED 135,450 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 2, and where TH031 sits

All 95 3-beds →

TH031 last sold in March 2024 at AED 1,381 per sqft, 6% above what three-beds in Al Reem 2 were fetching at the time (AED 1,301). Over the last 12 months three-beds sold for AED 5,450,000 to 6,200,000, around AED 2,138 per sqft, and rent for AED 121,000 to 300,000 a year. TH031's AED 135,450 is in the lower half of that range.

Recent 3-bed salesVilla no.Price (AED)Summary
29 Dec 20256,200,000
11 Dec 20256,100,000
10 Dec 20255,500,000
9 Dec 20255,450,000
4 3-bed sales in the last 12 months

Al Reem 2

Community

337 villas, 2-bed to 6-bed in Arabian Ranches, completed in 2007 by Emaar. 5 sold in the last 12 months.

Typical price per sqft
AED 2,257
Typical sale
AED 5.5M
Typical rent
AED 192K /yr
Typical yield
3.5%
Al Reem 2, Arabian Ranches: prices, sales and rents →

TH031, Al Reem 2 in numbers

  • Sold twice: first on 31 January 2008 for AED 405,766, last on 29 March 2024 for AED 3,650,000 (AED 1,381 per sqft).
  • Rented since December 2015 on 6 Ejari contracts. The rent fell from AED 170,000 to AED 117,000 in 2020 and recovered to AED 135,450 by December 2022.
  • At AED 135,450 a year the gross yield on the 2024 price is 3.7%, before a service charge of about AED 8,100 a year (AED 3.08 per sqft).
  • Three-beds in Al Reem 2 sold for AED 5,450,000–6,200,000 in the 12 months to November 2026; the community's median across all types is AED 2,257 per sqft.

Source: Dubai Land Department. Updated 29 March 2024.

Questions about TH031, Al Reem 2

What did villa TH031 last sell for?

AED 3,650,000 on 29 March 2024: AED 1,381 per sqft for 2,643 sqft. The villa has 2 registered sales; the first was AED 405,766 in January 2008.

What is the rent for villa TH031?

AED 135,450 a year on the contract renewed on 4 December 2022. The previous contract, from December 2021, was AED 129,000; the villa has been rented since December 2015.

How big is villa TH031?

2,643 sqft (245.5 sqm): a three-bedroom villa in Al Reem 2, completed in 2007.

What is villa TH031 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 2 sold for AED 5,450,000 to 6,200,000 in the last 12 months, around AED 2,138 per sqft.

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Mortgage on TH031, Al Reem 2

Starts from the last sale price (AED 3.65M, 29 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,650,000
Deposit, UAE resident (20%)
AED 730,000
Deposit, non-resident (40%)
AED 1,460,000
Monthly over 25 years at 3.7%
AED 14,933

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →