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

TH242, Al Reem 2

Sold prices and rental history: sold once, by the developer in November 2008, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH242 · DLD and Ejari recordsUpdated 28 December 2022
Last soldAED 1.33M12 November 2008
Current rentAED 205K /yr28 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH242, Al Reem 2

What is TH242 worth today?

Last sold for AED 1,332,500 in 2008

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28 Dec 2022RentedNew contract
AED 205,000/yr12 months · AED 78 per sqft
21 Aug 2021RentedRenewal
AED 126,500/yr12 months · AED 48 per sqft
21 Aug 2020RentedNew contract
AED 115,000/yr12 months · AED 44 per sqft
8 Jul 2019RentedRenewal
AED 145,000/yr12 months · AED 55 per sqft
8 Jul 2018RentedRenewal
AED 155,000/yr12 months · AED 59 per sqft
8 Jul 2017RentedNew contract
AED 160,000/yr12 months · AED 61 per sqft
3 Aug 2015RentedNew contract
AED 187,000/yr12 months · AED 71 per sqft
20 Jul 2014RentedNew contract
AED 195,000/yr12 months · AED 74 per sqft

Source: Dubai Land Department. Updated 28 December 2022.

Key facts

Type
5-bed villa
Size
2,636 sqft
Developer
Emaar
Completed
2007
Service charge
AED 8,100 /yr
Last sold
AED 1.33M · November 2008
Community
Al Reem 2

About TH242, Al Reem 2

TH242 is a five-bedroom villa of 2,636 sqft in Al Reem 2, a villa community in Arabian Ranches completed in 2007 by Emaar. The developer sold it on 12 November 2008 for AED 1,332,500, or AED 505 per sqft, 16% above the AED 437 five-beds in the community were fetching at the time.

It has been rented continuously since 2012 on 9 Ejari contracts. The current contract, signed on 28 December 2022, is AED 205,000 a year: a gross yield of 15.4% on the 2008 price, before the service charge of about AED 8,100 a year.

Sales and rents for TH242 over time

Sales
Villa TH242, 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, November 2008: AED 1,332,500 (AED 505 per sqft)

TH242 has sold once; the dashed line is the five-bed median of each year in the community.

Rents
Villa TH242, each contractTypical five-bed in Al Reem 2
100K150K200K20112015201920232027Typical 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, July 2012: AED 152,000 a yearNew contract, July 2014: AED 195,000 a yearNew contract, August 2015: AED 187,000 a yearNew contract, July 2017: AED 160,000 a yearRenewal, July 2018: AED 155,000 a yearRenewal, July 2019: AED 145,000 a yearNew contract, August 2020: AED 115,000 a yearRenewal, August 2021: AED 126,500 a yearNew contract, December 2022: AED 205,000 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 TH242 sits

All 86 5-beds →

TH242 last sold in November 2008 at AED 505 per sqft, 16% above what five-beds in Al Reem 2 were fetching at the time (AED 437). TH242's AED 205,000 is in the lower half 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 →

TH242, Al Reem 2 in numbers

  • Sold once: by Emaar on 12 November 2008 for AED 1,332,500, or AED 505 per sqft.
  • Rented since July 2012 on 9 Ejari contracts. The rent fell from AED 152,000 to AED 115,000 in 2020 and recovered to AED 205,000 by December 2022.
  • At AED 205,000 a year the gross yield on the 2008 price is 15.4%, before a service charge of about AED 8,100 a year (AED 3.08 per sqft).

Source: Dubai Land Department. Updated 28 December 2022.

Questions about TH242, Al Reem 2

What did villa TH242 last sell for?

AED 1,332,500 on 12 November 2008, sold by the developer: AED 505 per sqft for 2,636 sqft. It is the only registered sale of the villa.

What is the rent for villa TH242?

AED 205,000 a year on the contract signed on 28 December 2022. The previous contract, from August 2021, was AED 126,500; the villa has been rented since July 2012.

How big is villa TH242?

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

What is villa TH242 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 TH242, Al Reem 2

Starts from the last sale price (AED 1.33M, 12 November 2008). Switch to today's estimate once you have unlocked it.
Price
AED 1,332,500
Deposit, UAE resident (20%)
AED 266,500
Deposit, non-resident (40%)
AED 533,000
Monthly over 25 years at 3.7%
AED 5,452

Plus AED 60,975 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →