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4-bed · 2,418 sqftAl Reem 2, Arabian Ranches · completed 2007

TH298, Al Reem 2

Sold prices and rental history: sold 4 times, last in October 2020, and rented since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH298 · DLD and Ejari recordsUpdated 11 October 2020
Last soldAED 1.65M11 October 2020
Current rentAED 210K /yr18 March 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH298, Al Reem 2

What is TH298 worth today?

Last sold for AED 1,650,000 in 2020

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11 Oct 2020SoldReady
AED 1,650,000AED 682 per sqft
18 Mar 2016RentedRenewal
AED 210,000/yr12 months · AED 87 per sqft
14 Jan 2016SoldReady
AED 2,540,000AED 1,050 per sqft
18 Mar 2015RentedNew contract
AED 210,000/yr12 months · AED 87 per sqft
29 Nov 2011SoldReady
AED 1,700,000AED 703 per sqft
20 Jun 2010Sold by developerReady
AED 2,300,000AED 951 per sqft

Source: Dubai Land Department. Updated 11 October 2020.

Key facts

Type
4-bed villa
Size
2,418 sqft
Developer
Emaar
Completed
2007
Service charge
AED 7,400 /yr
Last sold
AED 1.65M · October 2020
Community
Al Reem 2

About TH298, Al Reem 2

TH298 is a four-bedroom villa of 2,418 sqft in Al Reem 2, a villa community in Arabian Ranches completed in 2007 by Emaar. It last sold on 11 October 2020 for AED 1,650,000, or AED 682 per sqft, in line with the AED 679 four-beds in the community were fetching at the time.

It has been rented since 2015 on 2 Ejari contracts. The current contract, renewed on 18 March 2016, is AED 210,000 a year: a gross yield of 12.7% on the 2020 price, before the service charge of about AED 7,400 a year.

Sales and rents for TH298 over time

Sales
Villa TH298, each saleTypical four-bed in Al Reem 2
2M2007201220172022Typical 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, June 2010: AED 2,300,000 (AED 951 per sqft)Sold, November 2011: AED 1,700,000 (AED 703 per sqft)Sold, January 2016: AED 2,540,000 (AED 1,050 per sqft)Sold, October 2020: AED 1,650,000 (AED 682 per sqft)

TH298 has sold 4 times; the dashed line is the four-bed median of each year in the community.

Rents
Villa TH298, 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, March 2015: AED 210,000 a yearRenewal, March 2016: AED 210,000 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 TH298 sits

All 116 4-beds →

TH298 last sold in October 2020 at AED 682 per sqft, in line with what four-beds in Al Reem 2 were fetching at the time (AED 679). TH298's AED 210,000 is in the upper half 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 →

TH298, Al Reem 2 in numbers

  • Sold 4 times: first on 20 June 2010 for AED 2,300,000, last on 11 October 2020 for AED 1,650,000 (AED 682 per sqft).
  • Rented since March 2015 on 2 Ejari contracts, at AED 210,000 a year.
  • At AED 210,000 a year the gross yield on the 2020 price is 12.7%, before a service charge of about AED 7,400 a year (AED 3.08 per sqft).

Source: Dubai Land Department. Updated 11 October 2020.

Questions about TH298, Al Reem 2

What did villa TH298 last sell for?

AED 1,650,000 on 11 October 2020: AED 682 per sqft for 2,418 sqft. The villa has 4 registered sales; the first was AED 2,300,000 in June 2010.

What is the rent for villa TH298?

AED 210,000 a year on the contract renewed on 18 March 2016. The previous contract, from March 2015, was AED 210,000.

How big is villa TH298?

2,418 sqft (224.6 sqm): a four-bedroom villa in Al Reem 2, completed in 2007.

What is villa TH298 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 TH298, Al Reem 2

Starts from the last sale price (AED 1.65M, 11 October 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,650,000
Deposit, UAE resident (20%)
AED 330,000
Deposit, non-resident (40%)
AED 660,000
Monthly over 25 years at 3.7%
AED 6,751

Plus AED 74,310 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →