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3-bed · 2,552 sqftAl Reem 2, Arabian Ranches · completed 2007

TH116, Al Reem 2

Sold prices and rental history: sold twice, last in December 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH116 · DLD and Ejari recordsUpdated 14 December 2023
Last soldAED 3.05M14 December 2023
Current rentAED 135K /yr1 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH116, Al Reem 2

What is TH116 worth today?

Last sold for AED 3,050,000 in 2023

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14 Dec 2023SoldReady
AED 3,050,000AED 1,195 per sqft
1 Aug 2023RentedRenewal
AED 135,000/yr12 months · AED 53 per sqft
1 Aug 2022RentedRenewal
AED 132,000/yr12 months · AED 52 per sqft
1 Aug 2021RentedRenewal
AED 120,000/yr12 months · AED 47 per sqft
1 Aug 2020RentedRenewal
AED 115,000/yr12 months · AED 45 per sqft
1 Aug 2019RentedNew contract
AED 125,000/yr12 months · AED 49 per sqft
1 Aug 2018RentedNew contract
AED 135,000/yr12 months · AED 53 per sqft
7 Aug 2017RentedRenewal
AED 179,300/yr12 months · AED 70 per sqft

Source: Dubai Land Department. Updated 14 December 2023.

Key facts

Type
3-bed villa
Size
2,552 sqft
Developer
Emaar
Completed
2007
Service charge
AED 7,900 /yr
Last sold
AED 3.05M · December 2023
Community
Al Reem 2

About TH116, Al Reem 2

TH116 is a three-bedroom villa of 2,552 sqft in Al Reem 2, a villa community in Arabian Ranches completed in 2007 by Emaar. It last sold on 14 December 2023 for AED 3,050,000, or AED 1,195 per sqft, 5% below the AED 1,252 three-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, renewed on 1 August 2023, is AED 135,000 a year: a gross yield of 4.4% on the 2023 price, before the service charge of about AED 7,900 a year.

Sales and rents for TH116 over time

Sales
Villa TH116, 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, November 2007: AED 440,938 (AED 172 per sqft)Sold, December 2023: AED 3,050,000 (AED 1,195 per sqft)

TH116 has sold twice; the dashed line is the three-bed median of each year in the community.

Rents
Villa TH116, 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, July 2013: AED 165,000 a yearNew contract, July 2014: AED 165,000 a yearNew contract, August 2015: AED 163,000 a yearRenewal, August 2016: AED 179,300 a yearRenewal, August 2017: AED 179,300 a yearNew contract, August 2018: AED 135,000 a yearNew contract, August 2019: AED 125,000 a yearRenewal, August 2020: AED 115,000 a yearRenewal, August 2021: AED 120,000 a yearRenewal, August 2022: AED 132,000 a yearRenewal, August 2023: AED 135,000 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 2, and where TH116 sits

All 95 3-beds →

TH116 last sold in December 2023 at AED 1,195 per sqft, 5% below what three-beds in Al Reem 2 were fetching at the time (AED 1,252). 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. TH116's AED 135,000 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 →

TH116, Al Reem 2 in numbers

  • Sold twice: first on 13 November 2007 for AED 440,938, last on 14 December 2023 for AED 3,050,000 (AED 1,195 per sqft).
  • Rented since July 2013 on 11 Ejari contracts. The rent fell from AED 165,000 to AED 115,000 in 2020 and recovered to AED 135,000 by August 2023.
  • At AED 135,000 a year the gross yield on the 2023 price is 4.4%, before a service charge of about AED 7,900 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 14 December 2023.

Questions about TH116, Al Reem 2

What did villa TH116 last sell for?

AED 3,050,000 on 14 December 2023: AED 1,195 per sqft for 2,552 sqft. The villa has 2 registered sales; the first was AED 440,938 in November 2007.

What is the rent for villa TH116?

AED 135,000 a year on the contract renewed on 1 August 2023. The previous contract, from August 2022, was AED 132,000; the villa has been rented since July 2013.

How big is villa TH116?

2,552 sqft (237.1 sqm): a three-bedroom villa in Al Reem 2, completed in 2007.

What is villa TH116 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 TH116, Al Reem 2

Starts from the last sale price (AED 3.05M, 14 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,050,000
Deposit, UAE resident (20%)
AED 610,000
Deposit, non-resident (40%)
AED 1,220,000
Monthly over 25 years at 3.7%
AED 12,478

Plus AED 133,110 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →