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

TH338, Al Reem 2

Sold prices and rental history: sold 3 times, last in November 2021, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH338 · DLD and Ejari recordsUpdated 23 November 2021
Last soldAED 2.45M23 November 2021
Current rentAED 115K /yr29 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH338, Al Reem 2

What is TH338 worth today?

Last sold for AED 2,450,000 in 2021

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23 Nov 2021SoldReady
AED 2,450,000AED 1,013 per sqft
29 Aug 2021RentedRenewal
AED 115,000/yr12 months · AED 48 per sqft
29 Aug 2020RentedNew contract
AED 115,000/yr12 months · AED 48 per sqft
29 Aug 2019RentedNew contract
AED 115,000/yr12 months · AED 48 per sqft
1 Jul 2019RentedNew contract
AED 135,952/yr11 months · AED 56 per sqft
24 Jun 2018RentedNew contract
AED 145,000/yr12 months · AED 60 per sqft
6 May 2008Sold by developerReady
AED 980,000AED 405 per sqft
6 May 2008SoldReady
AED 2,778,500AED 1,149 per sqft

Source: Dubai Land Department. Updated 23 November 2021.

Key facts

Type
4-bed villa
Size
2,418 sqft
Developer
Emaar
Completed
2007
Service charge
AED 7,400 /yr
Last sold
AED 2.45M · November 2021
Community
Al Reem 2

About TH338, Al Reem 2

TH338 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 23 November 2021 for AED 2,450,000, or AED 1,013 per sqft, 30% above the AED 781 four-beds in the community were fetching at the time.

It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, renewed on 29 August 2021, is AED 115,000 a year: a gross yield of 4.7% on the 2021 price, before the service charge of about AED 7,400 a year.

Sales and rents for TH338 over time

Sales
Villa TH338, 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, May 2008: AED 980,000 (AED 405 per sqft)Sold, May 2008: AED 2,778,500 (AED 1,149 per sqft)Sold, November 2021: AED 2,450,000 (AED 1,013 per sqft)

TH338 has sold 3 times; the dashed line is the four-bed median of each year in the community.

Rents
Villa TH338, 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, June 2018: AED 145,000 a yearNew contract, July 2019: AED 135,952 a yearNew contract, August 2019: AED 115,000 a yearNew contract, August 2020: AED 115,000 a yearRenewal, August 2021: AED 115,000 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 TH338 sits

All 116 4-beds →

TH338 last sold in November 2021 at AED 1,013 per sqft, 30% above what four-beds in Al Reem 2 were fetching at the time (AED 781). TH338's AED 115,000 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 →

TH338, Al Reem 2 in numbers

  • Sold 3 times: first on 6 May 2008 for AED 2,778,500, last on 23 November 2021 for AED 2,450,000 (AED 1,013 per sqft).
  • Rented since June 2018 on 5 Ejari contracts, from AED 145,000 to AED 115,000 a year.
  • At AED 115,000 a year the gross yield on the 2021 price is 4.7%, before a service charge of about AED 7,400 a year (AED 3.08 per sqft).

Source: Dubai Land Department. Updated 23 November 2021.

Questions about TH338, Al Reem 2

What did villa TH338 last sell for?

AED 2,450,000 on 23 November 2021: AED 1,013 per sqft for 2,418 sqft. The villa has 3 registered sales; the first was AED 2,778,500 in May 2008.

What is the rent for villa TH338?

AED 115,000 a year on the contract renewed on 29 August 2021. The previous contract, from August 2020, was AED 115,000; the villa has been rented since June 2018.

How big is villa TH338?

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

What is villa TH338 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 TH338, Al Reem 2

Starts from the last sale price (AED 2.45M, 23 November 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,450,000
Deposit, UAE resident (20%)
AED 490,000
Deposit, non-resident (40%)
AED 980,000
Monthly over 25 years at 3.7%
AED 10,024

Plus AED 107,910 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →