TH244, Al Reem 2
Sold prices and rental history: sold twice, last in May 2016, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for TH244, Al Reem 2
What is TH244 worth today?
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Source: Dubai Land Department. Updated 25 May 2016.
Key facts
- Type
- 6-bed villa
- Size
- 2,848 sqft
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 8,800 /yr
- Last sold
- AED 2.85M · May 2016
- Community
- Al Reem 2
About TH244, Al Reem 2
TH244 is a six-bedroom villa of 2,848 sqft in Al Reem 2, a villa community in Arabian Ranches completed in 2007 by Emaar. It last sold on 25 May 2016 for AED 2,850,000, or AED 1,000 per sqft, in line with the AED 984 six-beds in the community were fetching at the time.
It has been rented since 2013 on 2 Ejari contracts. The current contract, signed on 1 June 2014, is AED 195,000 a year: a gross yield of 6.8% on the 2016 price, before the service charge of about AED 8,800 a year.
Sales and rents for TH244 over time
TH244 has sold twice; 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 TH244 sits
All 31 6-beds →TH244 last sold in May 2016 at AED 1,000 per sqft, in line with what six-beds in Al Reem 2 were fetching at the time (AED 984).
| 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%
TH244, Al Reem 2 in numbers
- Sold twice: first on 23 June 2008 for AED 1,037,888, last on 25 May 2016 for AED 2,850,000 (AED 1,000 per sqft).
- Rented since June 2013 on 2 Ejari contracts, from AED 170,000 to AED 195,000 a year.
- At AED 195,000 a year the gross yield on the 2016 price is 6.8%, before a service charge of about AED 8,800 a year (AED 3.08 per sqft).
Source: Dubai Land Department. Updated 25 May 2016.
Questions about TH244, Al Reem 2
What did villa TH244 last sell for?
AED 2,850,000 on 25 May 2016: AED 1,000 per sqft for 2,848 sqft. The villa has 2 registered sales; the first was AED 1,037,888 in June 2008.
What is the rent for villa TH244?
AED 195,000 a year on the contract signed on 1 June 2014. The previous contract, from June 2013, was AED 170,000.
How big is villa TH244?
2,848 sqft (264.6 sqm): a six-bedroom villa in Al Reem 2, completed in 2007.
What is villa TH244 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 TH244, Al Reem 2
Starts from the last sale price (AED 2.85M, 25 May 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 2,850,000
- Deposit, UAE resident (20%)
- AED 570,000
- Deposit, non-resident (40%)
- AED 1,140,000
- Monthly over 25 years at 3.7%
- AED 11,660
Plus AED 124,710 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →