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4-bed · 2,394 sqftAl Reem 3, Arabian Ranches · completed 2007

TH224, Al Reem 3

Sold prices and rental history: sold 3 times, last in May 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH224 · DLD and Ejari recordsUpdated 26 May 2023
Last soldAED 4M26 May 2023
Current rentAED 93K /yr1 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH224, Al Reem 3

What is TH224 worth today?

Last sold for AED 4,000,000 in 2023

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26 May 2023SoldReady
AED 4,000,000AED 1,670 per sqft
28 Mar 2023SoldReady
AED 3,429,000AED 1,432 per sqft
1 Mar 2023RentedNew contract
AED 93,000/yr4 months · AED 39 per sqft
1 Mar 2022RentedRenewal
AED 125,000/yr12 months · AED 52 per sqft
1 Mar 2021RentedRenewal
AED 125,000/yr12 months · AED 52 per sqft
1 Mar 2020RentedRenewal
AED 130,000/yr12 months · AED 54 per sqft
1 Mar 2019RentedRenewal
AED 150,000/yr12 months · AED 63 per sqft
1 Mar 2017RentedNew contract
AED 150,000/yr12 months · AED 63 per sqft

Source: Dubai Land Department. Updated 26 May 2023.

Key facts

Type
4-bed villa
Size
2,394 sqft
Developer
Emaar
Completed
2007
Service charge
AED 7,400 /yr
Last sold
AED 4M · May 2023
Community
Al Reem 3

About TH224, Al Reem 3

TH224 is a four-bedroom villa of 2,394 sqft in Al Reem 3, a villa community in Arabian Ranches completed in 2007 by Emaar. It last sold on 26 May 2023 for AED 4,000,000, or AED 1,670 per sqft, 60% above the AED 1,046 four-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, signed on 1 March 2023, is AED 93,000 a year: a gross yield of 2.3% on the 2023 price, before the service charge of about AED 7,400 a year.

Sales and rents for TH224 over time

Sales
Villa TH224, each saleTypical four-bed in Al Reem 3
2M4M2007201220172022Typical sale price by year: 2007 AED 819,888; 2008 AED 1,150,000; 2009 AED 1,500,000; 2010 AED 1,005,888; 2011 AED 1,149,388; 2012 AED 1,775,000; 2013 AED 2,462,500; 2014 AED 2,900,000; 2015 AED 2,400,000; 2016 AED 2,375,000; 2017 AED 2,330,000; 2018 AED 1,800,000; 2019 AED 1,100,000; 2020 AED 1,580,000; 2021 AED 2,100,000; 2022 AED 2,387,500; 2023 AED 2,950,000Sold by developer, February 2009: AED 1,620,000 (AED 676 per sqft)Sold, March 2023: AED 3,429,000 (AED 1,432 per sqft)Sold, May 2023: AED 4,000,000 (AED 1,670 per sqft)

TH224 has sold 3 times; the dashed line is the four-bed median of each year in the community.

Rents
Villa TH224, each contractTypical four-bed in Al Reem 3
100K150K200K2012201620202024Typical rent by year: 2012 AED 130,000; 2013 AED 147,500; 2014 AED 170,000; 2015 AED 170,000; 2016 AED 170,000; 2017 AED 145,000; 2018 AED 137,500; 2019 AED 120,000; 2020 AED 105,000; 2021 AED 120,000; 2022 AED 130,000; 2023 AED 149,000; 2024 AED 179,250; 2025 AED 190,000; 2026 AED 184,500New contract, April 2013: AED 165,000 a yearNew contract, April 2014: AED 170,000 a yearNew contract, April 2015: AED 170,000 a yearNew contract, March 2017: AED 150,000 a yearRenewal, March 2019: AED 150,000 a yearRenewal, March 2020: AED 130,000 a yearRenewal, March 2021: AED 125,000 a yearRenewal, March 2022: AED 125,000 a yearNew contract, March 2023: AED 93,000 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 3, and where TH224 sits

All 99 4-beds →

TH224 last sold in May 2023 at AED 1,670 per sqft, 60% above what four-beds in Al Reem 3 were fetching at the time (AED 1,046). TH224's AED 93,000 is at the bottom of that range.

Recent 4-bed salesVilla no.Price (AED)Summary
10 Jul 20254,900,000
15 Feb 20243,428,000
21 Aug 20232,930,000
28 Jul 20233,650,000
0 4-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 →

TH224, Al Reem 3 in numbers

  • Sold 3 times: first on 11 February 2009 for AED 1,620,000, last on 26 May 2023 for AED 4,000,000 (AED 1,670 per sqft).
  • Rented since April 2013 on 9 Ejari contracts, from AED 165,000 to AED 93,000 a year.
  • At AED 93,000 a year the gross yield on the 2023 price is 2.3%, before a service charge of about AED 7,400 a year (AED 3.08 per sqft).

Source: Dubai Land Department. Updated 26 May 2023.

Questions about TH224, Al Reem 3

What did villa TH224 last sell for?

AED 4,000,000 on 26 May 2023: AED 1,670 per sqft for 2,394 sqft. The villa has 3 registered sales; the first was AED 1,620,000 in February 2009.

What is the rent for villa TH224?

AED 93,000 a year on the contract signed on 1 March 2023. The previous contract, from March 2022, was AED 125,000; the villa has been rented since April 2013.

How big is villa TH224?

2,394 sqft (222.4 sqm): a four-bedroom villa in Al Reem 3, completed in 2007.

What is villa TH224 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 TH224, Al Reem 3

Starts from the last sale price (AED 4M, 26 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 4,000,000
Deposit, UAE resident (20%)
AED 800,000
Deposit, non-resident (40%)
AED 1,600,000
Monthly over 25 years at 3.7%
AED 16,365

Plus AED 173,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →