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5-bed · 3,061 sqftAl Reem 3, Arabian Ranches · completed 2007

TH024, Al Reem 3

Sold prices and rental history: sold 3 times, last in October 2017, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH024 · DLD and Ejari recordsUpdated 12 October 2017
Last soldAED 2.9M12 October 2017
Current rentAED 210K /yr23 August 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for TH024, Al Reem 3

What is TH024 worth today?

Last sold for AED 2,900,000 in 2017

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12 Oct 2017SoldReady
AED 2,900,000AED 947 per sqft
23 Aug 2016RentedRenewal
AED 210,000/yr12 months · AED 69 per sqft
23 Aug 2015RentedRenewal
AED 220,500/yr12 months · AED 72 per sqft
23 Aug 2013RentedNew contract
AED 210,000/yr12 months · AED 69 per sqft
20 Jun 2012SoldReady
AED 1,325,000AED 432 per sqft
20 Jun 2012RentedNew contract
AED 155,000/yr9 months · AED 51 per sqft
8 Jun 2008Sold by developerReady
AED 1,500,000AED 490 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 12 October 2017.

Key facts

Type
5-bed villa
Size
3,061 sqft
Developer
Emaar
Completed
2007
Service charge
AED 9,400 /yr
Last sold
AED 2.9M · October 2017
Community
Al Reem 3

About TH024, Al Reem 3

TH024 is a five-bedroom villa of 3,061 sqft in Al Reem 3, a villa community in Arabian Ranches completed in 2007 by Emaar. It last sold on 12 October 2017 for AED 2,900,000, or AED 947 per sqft, in line with the AED 942 five-beds in the community were fetching at the time.

It has been rented continuously since 2012 on 4 Ejari contracts. The current contract, renewed on 23 August 2016, is AED 210,000 a year: a gross yield of 7.2% on the 2017 price, before the service charge of about AED 9,400 a year.

Sales and rents for TH024 over time

Sales
Villa TH024, each saleTypical five-bed in Al Reem 3
2M2007201220172022Typical sale price by year: 2007 AED 665,944; 2008 AED 2,175,000; 2009 AED 1,850,000; 2010 AED 1,400,000; 2011 AED 1,800,000; 2012 AED 1,325,000; 2013 AED 2,975,000; 2015 AED 3,250,000; 2016 AED 2,575,000; 2017 AED 2,105,000; 2018 AED 2,550,000; 2021 AED 3,050,000; 2022 AED 2,840,000; 2023 AED 3,300,000Sold by developer, June 2008: AED 1,500,000 (AED 490 per sqft)Sold, June 2012: AED 1,325,000 (AED 432 per sqft)Sold, October 2017: AED 2,900,000 (AED 947 per sqft)

TH024 has sold 3 times; the dashed line is the five-bed median of each year in the community.

Rents
Villa TH024, each contractTypical five-bed in Al Reem 3
150K200K2012201620202024Typical rent by year: 2012 AED 165,000; 2013 AED 190,000; 2014 AED 200,000; 2015 AED 190,000; 2016 AED 189,500; 2017 AED 165,000; 2018 AED 157,500; 2019 AED 142,500; 2020 AED 120,000; 2021 AED 130,000; 2022 AED 142,512; 2023 AED 150,000; 2024 AED 179,500; 2025 AED 230,000New contract, June 2012: AED 155,000 a yearNew contract, August 2013: AED 210,000 a yearRenewal, August 2015: AED 220,500 a yearRenewal, August 2016: AED 210,000 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 3, and where TH024 sits

All 43 5-beds →

TH024 last sold in October 2017 at AED 947 per sqft, in line with what five-beds in Al Reem 3 were fetching at the time (AED 942). TH024's AED 210,000 is in the lower half of that range.

Recent 5-bed salesVilla no.Price (AED)Summary
15 Mar 20233,150,000
2 Feb 20233,320,000
30 Jan 20233,300,000
13 Oct 20222,400,000
0 5-bed sales in the last 12 months

Al Reem 3

Community

300 villas, 2-bed to 6-bed in Arabian Ranches, completed in 2007 by Emaar. 9 sold in the last 12 months.

Typical price per sqft
AED 2,046
Typical sale
AED 5.1M
Typical rent
AED 196K /yr
Typical yield
4.0%
Al Reem 3, Arabian Ranches: prices, sales and rents →

TH024, Al Reem 3 in numbers

  • Sold 3 times: first on 8 June 2008 for AED 1,500,000, last on 12 October 2017 for AED 2,900,000 (AED 947 per sqft).
  • Rented since June 2012 on 4 Ejari contracts, from AED 155,000 to AED 210,000 a year.
  • At AED 210,000 a year the gross yield on the 2017 price is 7.2%, before a service charge of about AED 9,400 a year (AED 3.08 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 12 October 2017.

Questions about TH024, Al Reem 3

What did villa TH024 last sell for?

AED 2,900,000 on 12 October 2017: AED 947 per sqft for 3,061 sqft. The villa has 3 registered sales; the first was AED 1,500,000 in June 2008.

What is the rent for villa TH024?

AED 210,000 a year on the contract renewed on 23 August 2016. The previous contract, from August 2015, was AED 220,500; the villa has been rented since June 2012.

How big is villa TH024?

3,061 sqft (284.4 sqm): a five-bedroom villa in Al Reem 3, completed in 2007.

What is villa TH024 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 TH024, Al Reem 3

Starts from the last sale price (AED 2.9M, 12 October 2017). Switch to today's estimate once you have unlocked it.
Price
AED 2,900,000
Deposit, UAE resident (20%)
AED 580,000
Deposit, non-resident (40%)
AED 1,160,000
Monthly over 25 years at 3.7%
AED 11,865

Plus AED 126,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →