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4-bed · 2,518 sqftAl Reem 2, Arabian Ranches · completed 2007

TH283, Al Reem 2

Sold prices and rental history: sold 3 times, last in April 2019, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH283 · DLD and Ejari recordsUpdated 20 July 2019
Last soldAED 1.6M2 April 2019
Current rentAED 135K /yr20 July 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH283, Al Reem 2

What is TH283 worth today?

Last sold for AED 1,600,000 in 2019

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20 Jul 2019RentedRenewal
AED 135,000/yr12 months · AED 54 per sqft
2 Apr 2019SoldReady
AED 1,600,000AED 635 per sqft
20 Jul 2018RentedNew contract
AED 135,000/yr12 months · AED 54 per sqft
16 Oct 2017RentedRenewal
AED 161,000/yr6 months · AED 64 per sqft
17 Oct 2016RentedRenewal
AED 161,448/yr12 months · AED 64 per sqft
17 Oct 2015RentedRenewal
AED 161,000/yr12 months · AED 64 per sqft
15 Oct 2013RentedNew contract
AED 151,436/yr12 months · AED 60 per sqft
16 Oct 2012RentedNew contract
AED 145,000/yr12 months · AED 58 per sqft

Source: Dubai Land Department. Updated 20 July 2019.

Key facts

Type
4-bed villa
Size
2,518 sqft
Developer
Emaar
Completed
2007
Service charge
AED 7,800 /yr
Last sold
AED 1.6M · April 2019
Community
Al Reem 2

About TH283, Al Reem 2

TH283 is a four-bedroom villa of 2,518 sqft in Al Reem 2, a villa community in Arabian Ranches completed in 2007 by Emaar. It last sold on 2 April 2019 for AED 1,600,000, or AED 635 per sqft, 12% below the AED 719 four-beds in the community were fetching at the time.

It has been rented continuously since 2012 on 7 Ejari contracts. The current contract, renewed on 20 July 2019, is AED 135,000 a year: a gross yield of 8.4% on the 2019 price, before the service charge of about AED 7,800 a year.

Sales and rents for TH283 over time

Sales
Villa TH283, each saleTypical four-bed in Al Reem 2
02M2007201220172022Typical sale price by year: 2007 AED 797,882; 2008 AED 979,937; 2009 AED 1,800,000; 2010 AED 1,140,000; 2011 AED 1,017,621; 2012 AED 930,000; 2013 AED 2,575,000; 2014 AED 3,030,000; 2015 AED 2,337,100; 2016 AED 2,300,000; 2017 AED 2,350,000; 2018 AED 1,925,000; 2019 AED 1,700,000; 2020 AED 1,662,500; 2021 AED 2,100,000; 2022 AED 2,425,000; 2023 AED 2,900,000Sold by developer, July 2008: AED 402,444 (AED 159 per sqft)Sold, July 2011: AED 1,740,000 (AED 691 per sqft)Sold, April 2019: AED 1,600,000 (AED 635 per sqft)

TH283 has sold 3 times; the dashed line is the four-bed median of each year in the community.

Rents
Villa TH283, each contractTypical four-bed in Al Reem 2
100K150K200K2012201620202024Typical rent by year: 2012 AED 130,000; 2013 AED 145,000; 2014 AED 170,000; 2015 AED 172,500; 2016 AED 170,000; 2017 AED 151,762; 2018 AED 136,500; 2019 AED 125,000; 2020 AED 108,000; 2021 AED 115,000; 2022 AED 135,000; 2023 AED 160,000; 2024 AED 180,956; 2025 AED 192,000; 2026 AED 200,000New contract, October 2012: AED 145,000 a yearNew contract, October 2013: AED 151,436 a yearRenewal, October 2015: AED 161,000 a yearRenewal, October 2016: AED 161,448 a yearRenewal, October 2017: AED 161,000 a yearNew contract, July 2018: AED 135,000 a yearRenewal, July 2019: AED 135,000 a year

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

4-beds in Al Reem 2, and where TH283 sits

All 116 4-beds →

TH283 last sold in April 2019 at AED 635 per sqft, 12% below what four-beds in Al Reem 2 were fetching at the time (AED 719). TH283's AED 135,000 is at the bottom of that range.

Recent 4-bed salesVilla no.Price (AED)Summary
8 Dec 20233,000,000
24 Aug 20233,000,000
10 Aug 20233,400,000
8 Jun 20232,700,000
0 4-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 →

TH283, Al Reem 2 in numbers

  • Sold 3 times: first on 29 July 2008 for AED 402,444, last on 2 April 2019 for AED 1,600,000 (AED 635 per sqft).
  • Rented since October 2012 on 7 Ejari contracts, from AED 145,000 to AED 135,000 a year.
  • At AED 135,000 a year the gross yield on the 2019 price is 8.4%, before a service charge of about AED 7,800 a year (AED 3.08 per sqft).

Source: Dubai Land Department. Updated 20 July 2019.

Questions about TH283, Al Reem 2

What did villa TH283 last sell for?

AED 1,600,000 on 2 April 2019: AED 635 per sqft for 2,518 sqft. The villa has 3 registered sales; the first was AED 402,444 in July 2008.

What is the rent for villa TH283?

AED 135,000 a year on the contract renewed on 20 July 2019. The previous contract, from July 2018, was AED 135,000; the villa has been rented since October 2012.

How big is villa TH283?

2,518 sqft (233.9 sqm): a four-bedroom villa in Al Reem 2, completed in 2007.

What is villa TH283 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 TH283, Al Reem 2

Starts from the last sale price (AED 1.6M, 2 April 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,600,000
Deposit, UAE resident (20%)
AED 320,000
Deposit, non-resident (40%)
AED 640,000
Monthly over 25 years at 3.7%
AED 6,546

Plus AED 72,210 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →