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

TH242, Al Reem 3

Sold prices and rental history: sold 5 times, last in November 2023, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH242 · DLD and Ejari recordsUpdated 22 November 2023
Last soldAED 3.58M22 November 2023
Current rentAED 125K /yr5 April 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH242, Al Reem 3

What is TH242 worth today?

Last sold for AED 3,575,000 in 2023

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22 Nov 2023SoldReady
AED 3,575,000AED 1,493 per sqft
15 Jun 2022SoldReady
AED 2,320,000AED 969 per sqft
5 Apr 2021RentedNew contract
AED 125,000/yr12 months · AED 52 per sqft
23 Mar 2020RentedNew contract
AED 125,000/yr12 months · AED 52 per sqft
22 May 2014SoldReady
AED 2,825,000AED 1,180 per sqft
18 Jun 2013RentedRenewal
AED 125,000/yr12 months · AED 52 per sqft
18 Jun 2012RentedNew contract
AED 125,000/yr12 months · AED 52 per sqft
9 Jun 2008Sold by developerReady
AED 2,350,000AED 981 per sqft

Source: Dubai Land Department. Updated 22 November 2023.

Key facts

Type
3-bed villa
Size
2,394 sqft
Developer
Emaar
Completed
2007
Service charge
AED 7,400 /yr
Last sold
AED 3.58M · November 2023
Community
Al Reem 3

About TH242, Al Reem 3

TH242 is a three-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 22 November 2023 for AED 3,575,000, or AED 1,493 per sqft, 13% above the AED 1,316 three-beds in the community were fetching at the time.

It has been rented continuously since 2012 on 4 Ejari contracts. The current contract, signed on 5 April 2021, is AED 125,000 a year: a gross yield of 3.5% on the 2023 price, before the service charge of about AED 7,400 a year.

Sales and rents for TH242 over time

Sales
Villa TH242, each saleTypical three-bed in Al Reem 3
02.5M5M20072012201720222027Typical sale price by year: 2007 AED 633,944; 2008 AED 1,376,944; 2009 AED 1,075,888; 2010 AED 1,430,000; 2011 AED 1,325,000; 2012 AED 1,850,000; 2013 AED 2,012,500; 2014 AED 2,837,500; 2015 AED 1,965,000; 2016 AED 2,275,000; 2017 AED 2,150,000; 2018 AED 2,050,000; 2019 AED 1,220,000; 2020 AED 1,525,000; 2021 AED 1,800,000; 2022 AED 2,320,000; 2023 AED 3,375,000; 2024 AED 3,800,000; 2025 AED 4,650,000; 2026 AED 5,350,000Sold by developer, June 2008: AED 2,350,000 (AED 981 per sqft)Sold, June 2008: AED 2,600,000 (AED 1,086 per sqft)Sold, May 2014: AED 2,825,000 (AED 1,180 per sqft)Sold, June 2022: AED 2,320,000 (AED 969 per sqft)Sold, November 2023: AED 3,575,000 (AED 1,493 per sqft)

TH242 has sold 5 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa TH242, each contractTypical three-bed in Al Reem 3
100K150K2012201620202024Typical rent by year: 2012 AED 125,000; 2013 AED 140,000; 2014 AED 156,000; 2015 AED 165,000; 2016 AED 165,000; 2017 AED 150,000; 2018 AED 134,278; 2019 AED 125,000; 2020 AED 100,000; 2021 AED 105,000; 2022 AED 128,000; 2023 AED 146,250; 2024 AED 162,512; 2025 AED 175,920; 2026 AED 153,500New contract, June 2012: AED 125,000 a yearRenewal, June 2013: AED 125,000 a yearNew contract, March 2020: AED 125,000 a yearNew contract, April 2021: AED 125,000 a year

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

3-beds in Al Reem 3, and where TH242 sits

All 98 3-beds →

TH242 last sold in November 2023 at AED 1,493 per sqft, 13% above what three-beds in Al Reem 3 were fetching at the time (AED 1,316). Over the last 12 months three-beds sold for AED 4,400,000 to 6,700,000, around AED 2,046 per sqft, and rent for AED 105,000 to 500,000 a year. TH242's AED 125,000 is in the lower half of that range.

Recent 3-bed salesVilla no.Price (AED)Summary
3 Feb 20265,875,000
21 Jan 20265,600,000
13 Jan 20264,450,000
9 Jan 20265,100,000
9 3-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 →

TH242, Al Reem 3 in numbers

  • Sold 5 times: first on 9 June 2008 for AED 2,600,000, last on 22 November 2023 for AED 3,575,000 (AED 1,493 per sqft).
  • Rented since June 2012 on 4 Ejari contracts, at AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2023 price is 3.5%, before a service charge of about AED 7,400 a year (AED 3.08 per sqft).
  • Three-beds in Al Reem 3 sold for AED 4,400,000–6,700,000 in the 12 months to November 2026; the community's median across all types is AED 2,046 per sqft.

Source: Dubai Land Department. Updated 22 November 2023.

Questions about TH242, Al Reem 3

What did villa TH242 last sell for?

AED 3,575,000 on 22 November 2023: AED 1,493 per sqft for 2,394 sqft. The villa has 5 registered sales; the first was AED 2,600,000 in June 2008.

What is the rent for villa TH242?

AED 125,000 a year on the contract signed on 5 April 2021. The previous contract, from March 2020, was AED 125,000; the villa has been rented since June 2012.

How big is villa TH242?

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

What is villa TH242 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Al Reem 3 sold for AED 4,400,000 to 6,700,000 in the last 12 months, around AED 2,046 per sqft.

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Mortgage on TH242, Al Reem 3

Starts from the last sale price (AED 3.58M, 22 November 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,575,000
Deposit, UAE resident (20%)
AED 715,000
Deposit, non-resident (40%)
AED 1,430,000
Monthly over 25 years at 3.7%
AED 14,626

Plus AED 155,160 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →