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5-bed · 2,636 sqftAl Reem 2, Arabian Ranches · completed 2007

TH034, Al Reem 2

Sold prices and rental history: sold twice, last in November 2020, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH034 · DLD and Ejari recordsUpdated 25 November 2020
Last soldAED 1.65M25 November 2020
Current rentAED 120K /yr24 February 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH034, Al Reem 2

What is TH034 worth today?

Last sold for AED 1,650,000 in 2020

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25 Nov 2020SoldReady
AED 1,650,000AED 626 per sqft
24 Feb 2019RentedNew contract
AED 120,000/yr12 months · AED 46 per sqft
1 Feb 2018RentedNew contract
AED 135,000/yr12 months · AED 51 per sqft
22 Dec 2016RentedRenewal
AED 185,000/yr12 months · AED 70 per sqft
22 Dec 2015RentedRenewal
AED 190,000/yr12 months · AED 72 per sqft
22 Dec 2014RentedNew contract
AED 190,000/yr12 months · AED 72 per sqft
24 Feb 2014Sold by developerReady
AED 2,700,000AED 1,024 per sqft

Source: Dubai Land Department. Updated 25 November 2020.

Key facts

Type
5-bed villa
Size
2,636 sqft
Developer
Emaar
Completed
2007
Service charge
AED 8,100 /yr
Last sold
AED 1.65M · November 2020
Community
Al Reem 2

About TH034, Al Reem 2

TH034 is a five-bedroom villa of 2,636 sqft in Al Reem 2, a villa community in Arabian Ranches completed in 2007 by Emaar. It last sold on 25 November 2020 for AED 1,650,000, or AED 626 per sqft, 5% below the AED 656 five-beds in the community were fetching at the time.

It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, signed on 24 February 2019, is AED 120,000 a year: a gross yield of 7.3% on the 2020 price, before the service charge of about AED 8,100 a year.

Sales and rents for TH034 over time

Sales
Villa TH034, each saleTypical five-bed in Al Reem 2
2M2007201220172022Typical sale price by year: 2007 AED 950,000; 2008 AED 1,350,000; 2009 AED 1,335,000; 2010 AED 1,565,944; 2011 AED 1,337,582; 2012 AED 1,810,000; 2013 AED 2,925,000; 2014 AED 2,850,000; 2015 AED 1,475,000; 2016 AED 2,492,500; 2017 AED 2,397,500; 2018 AED 2,085,000; 2019 AED 1,950,000; 2020 AED 1,725,000; 2021 AED 2,600,000; 2022 AED 3,300,000; 2023 AED 3,175,000Sold by developer, February 2014: AED 2,700,000 (AED 1,024 per sqft)Sold, November 2020: AED 1,650,000 (AED 626 per sqft)

TH034 has sold twice; the dashed line is the five-bed median of each year in the community.

Rents
Villa TH034, each contractTypical five-bed in Al Reem 2
150K200K20112015201920232027Typical rent by year: 2011 AED 135,000; 2012 AED 150,000; 2013 AED 175,000; 2014 AED 190,000; 2015 AED 190,000; 2016 AED 190,000; 2017 AED 160,000; 2018 AED 155,000; 2019 AED 140,000; 2020 AED 120,000; 2021 AED 130,000; 2022 AED 149,500; 2023 AED 175,000; 2024 AED 200,000; 2025 AED 210,000; 2026 AED 225,000New contract, December 2014: AED 190,000 a yearRenewal, December 2015: AED 190,000 a yearRenewal, December 2016: AED 185,000 a yearNew contract, February 2018: AED 135,000 a yearNew contract, February 2019: AED 120,000 a year

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

5-beds in Al Reem 2, and where TH034 sits

All 86 5-beds →

TH034 last sold in November 2020 at AED 626 per sqft, 5% below what five-beds in Al Reem 2 were fetching at the time (AED 656). TH034's AED 120,000 is at the bottom of that range.

Recent 5-bed salesVilla no.Price (AED)Summary
28 Sep 20233,300,000
19 Jun 20233,250,000
17 Apr 20233,100,000
11 Apr 20232,850,000
0 5-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 →

TH034, Al Reem 2 in numbers

  • Sold twice: first on 24 February 2014 for AED 2,700,000, last on 25 November 2020 for AED 1,650,000 (AED 626 per sqft).
  • Rented since December 2014 on 5 Ejari contracts, from AED 190,000 to AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2020 price is 7.3%, before a service charge of about AED 8,100 a year (AED 3.08 per sqft).

Source: Dubai Land Department. Updated 25 November 2020.

Questions about TH034, Al Reem 2

What did villa TH034 last sell for?

AED 1,650,000 on 25 November 2020: AED 626 per sqft for 2,636 sqft. The villa has 2 registered sales; the first was AED 2,700,000 in February 2014.

What is the rent for villa TH034?

AED 120,000 a year on the contract signed on 24 February 2019. The previous contract, from February 2018, was AED 135,000; the villa has been rented since December 2014.

How big is villa TH034?

2,636 sqft (244.9 sqm): a five-bedroom villa in Al Reem 2, completed in 2007.

What is villa TH034 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 TH034, Al Reem 2

Starts from the last sale price (AED 1.65M, 25 November 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,650,000
Deposit, UAE resident (20%)
AED 330,000
Deposit, non-resident (40%)
AED 660,000
Monthly over 25 years at 3.7%
AED 6,751

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