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

TH248, Al Reem 3

Sold prices and rental history: sold twice, last in July 2012, and rented since 2011. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH248 · DLD and Ejari recordsUpdated 1 December 2015
Last soldAED 915K11 July 2012
Current rentAED 175K /yr1 December 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH248, Al Reem 3

What is TH248 worth today?

Last sold for AED 915,000 in 2012

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1 Dec 2015RentedNew contract
AED 175,000/yr12 months · AED 73 per sqft
1 Dec 2014RentedNew contract
AED 170,000/yr12 months · AED 71 per sqft
11 Jul 2012SoldReady
AED 915,000AED 382 per sqft
4 Nov 2011RentedNew contract
AED 125,000/yr12 months · AED 52 per sqft
28 Aug 2007Sold by developerReady
AED 884,888AED 369 per sqft

Source: Dubai Land Department. Updated 1 December 2015.

Key facts

Type
4-bed villa
Size
2,394 sqft
Developer
Emaar
Completed
2007
Service charge
AED 7,400 /yr
Last sold
AED 915K · July 2012
Community
Al Reem 3

About TH248, Al Reem 3

TH248 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 11 July 2012 for AED 915,000, or AED 382 per sqft, 39% below the AED 629 four-beds in the community were fetching at the time.

It has been rented since 2011 on 3 Ejari contracts. The current contract, signed on 1 December 2015, is AED 175,000 a year: a gross yield of 19.1% on the 2012 price, before the service charge of about AED 7,400 a year.

Sales and rents for TH248 over time

Sales
Villa TH248, each saleTypical four-bed in Al Reem 3
1M2M3M2007201220172022Typical 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, August 2007: AED 884,888 (AED 369 per sqft)Sold, July 2012: AED 915,000 (AED 382 per sqft)

TH248 has sold twice; the dashed line is the four-bed median of each year in the community.

Rents
Villa TH248, each contractTypical four-bed in Al Reem 3
100K150K200K20112015201920232027Typical 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, November 2011: AED 125,000 a yearNew contract, December 2014: AED 170,000 a yearNew contract, December 2015: AED 175,000 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 TH248 sits

All 99 4-beds →

TH248 last sold in July 2012 at AED 382 per sqft, 39% below what four-beds in Al Reem 3 were fetching at the time (AED 629). TH248's AED 175,000 is in the lower half 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 →

TH248, Al Reem 3 in numbers

  • Sold twice: first on 28 August 2007 for AED 884,888, last on 11 July 2012 for AED 915,000 (AED 382 per sqft).
  • Rented since November 2011 on 3 Ejari contracts, from AED 125,000 to AED 175,000 a year.
  • At AED 175,000 a year the gross yield on the 2012 price is 19.1%, before a service charge of about AED 7,400 a year (AED 3.08 per sqft).

Source: Dubai Land Department. Updated 1 December 2015.

Questions about TH248, Al Reem 3

What did villa TH248 last sell for?

AED 915,000 on 11 July 2012: AED 382 per sqft for 2,394 sqft. The villa has 2 registered sales; the first was AED 884,888 in August 2007.

What is the rent for villa TH248?

AED 175,000 a year on the contract signed on 1 December 2015. The previous contract, from December 2014, was AED 170,000; the villa has been rented since November 2011.

How big is villa TH248?

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

What is villa TH248 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 TH248, Al Reem 3

Starts from the last sale price (AED 915K, 11 July 2012). Switch to today's estimate once you have unlocked it.
Price
AED 915,000
Deposit, UAE resident (20%)
AED 183,000
Deposit, non-resident (40%)
AED 366,000
Monthly over 25 years at 3.7%
AED 3,744

Plus AED 43,440 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →