TH040, Al Reem 2
Sold prices and rental history: sold 3 times, last in December 2016, and rented once, from March 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for TH040, Al Reem 2
What is TH040 worth today?
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Source: Dubai Land Department. Updated 8 December 2016.
Key facts
- Type
- 6-bed villa
- Size
- 2,856 sqft
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 8,800 /yr
- Last sold
- AED 2.7M · December 2016
- Community
- Al Reem 2
About TH040, Al Reem 2
TH040 is a six-bedroom villa of 2,856 sqft in Al Reem 2, a villa community in Arabian Ranches completed in 2007 by Emaar. It last sold on 8 December 2016 for AED 2,700,000, or AED 945 per sqft, in line with the AED 973 six-beds in the community were fetching at the time.
One Ejari contract is registered, from 1 March 2015. The current contract, signed on 1 March 2015, is AED 215,000 a year: a gross yield of 8.0% on the 2016 price, before the service charge of about AED 8,800 a year.
Sales and rents for TH040 over time
TH040 has sold 3 times; the dashed line is the six-bed median of each year in the community.
Annual rent on each registered contract; the dashed line is the six-bed median of each year in the community.
6-beds in Al Reem 2, and where TH040 sits
All 31 6-beds →TH040 last sold in December 2016 at AED 945 per sqft, in line with what six-beds in Al Reem 2 were fetching at the time (AED 973).
| Recent 6-bed sales | Villa no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 9 May 20239 May 2023 | 2,841 sqft | 3,300,000 | 1,161 | ||
| 6 Dec 20226 December 2022 | 2,848 sqft | 3,150,000 | 1,105 | ||
| 8 Nov 20228 November 2022 | 2,848 sqft | 3,200,000 | 1,123 | ||
| 7 Sep 20227 September 2022 | 2,841 sqft | 2,700,000 | 950 |
Al Reem 2
Community337 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%
TH040, Al Reem 2 in numbers
- Sold 3 times: first on 30 May 2012 for AED 897,632, last on 8 December 2016 for AED 2,700,000 (AED 945 per sqft).
- Rented since March 2015 on one Ejari contract, at AED 215,000 a year.
- At AED 215,000 a year the gross yield on the 2016 price is 8.0%, before a service charge of about AED 8,800 a year (AED 3.08 per sqft).
Source: Dubai Land Department. Updated 8 December 2016.
Questions about TH040, Al Reem 2
What did villa TH040 last sell for?
AED 2,700,000 on 8 December 2016: AED 945 per sqft for 2,856 sqft. The villa has 3 registered sales; the first was AED 897,632 in May 2012.
What is the rent for villa TH040?
AED 215,000 a year on the contract signed on 1 March 2015.
How big is villa TH040?
2,856 sqft (265.3 sqm): a six-bedroom villa in Al Reem 2, completed in 2007.
What is villa TH040 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 TH040, Al Reem 2
Starts from the last sale price (AED 2.7M, 8 December 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 2,700,000
- Deposit, UAE resident (20%)
- AED 540,000
- Deposit, non-resident (40%)
- AED 1,080,000
- Monthly over 25 years at 3.7%
- AED 11,047
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →