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6-bed · 2,856 sqftAl Reem 3, Arabian Ranches · completed 2007

TH249, Al Reem 3

Sold prices and rental history: sold 3 times, last in April 2017, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH249 · DLD and Ejari recordsUpdated 25 April 2017
Last soldAED 2.68M25 April 2017
Current rentAED 190K /yr10 January 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH249, Al Reem 3

What is TH249 worth today?

Last sold for AED 2,675,000 in 2017

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25 Apr 2017SoldReady
AED 2,675,000AED 936 per sqft
10 Jan 2016RentedRenewal
AED 190,000/yr12 months · AED 67 per sqft
10 Jan 2015RentedNew contract
AED 190,000/yr12 months · AED 67 per sqft
1 Sep 2013RentedNew contract
AED 175,000/yr12 months · AED 61 per sqft
18 Aug 2013RentedNew contract
AED 120,000/yr12 months · AED 42 per sqft
3 Jul 2013SoldReady
AED 2,700,000AED 945 per sqft
21 Nov 2007Sold by developerReady
AED 473,444AED 165 per sqft

Source: Dubai Land Department. Updated 25 April 2017.

Key facts

Type
6-bed villa
Size
2,856 sqft
Developer
Emaar
Completed
2007
Service charge
AED 8,800 /yr
Last sold
AED 2.68M · April 2017
Community
Al Reem 3

About TH249, Al Reem 3

TH249 is a six-bedroom villa of 2,856 sqft in Al Reem 3, a villa community in Arabian Ranches completed in 2007 by Emaar. It last sold on 25 April 2017 for AED 2,675,000, or AED 936 per sqft, 7% below the AED 1,006 six-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, renewed on 10 January 2016, is AED 190,000 a year: a gross yield of 7.1% on the 2017 price, before the service charge of about AED 8,800 a year.

Sales and rents for TH249 over time

Sales
Villa TH249, each saleTypical six-bed in Al Reem 3
02M4M2007201220172022Typical sale price by year: 2007 AED 601,444; 2008 AED 1,590,000; 2009 AED 1,038,888; 2010 AED 1,180,388; 2011 AED 1,083,888; 2012 AED 2,250,000; 2013 AED 2,835,000; 2014 AED 3,459,375; 2017 AED 2,687,500; 2021 AED 2,155,000; 2023 AED 3,715,000Sold by developer, November 2007: AED 473,444 (AED 165 per sqft)Sold, July 2013: AED 2,700,000 (AED 945 per sqft)Sold, April 2017: AED 2,675,000 (AED 936 per sqft)

TH249 has sold 3 times; the dashed line is the six-bed median of each year in the community.

Rents
Villa TH249, each contractTypical six-bed in Al Reem 3
100K200K2012201620202024Typical rent by year: 2012 AED 148,000; 2013 AED 166,500; 2014 AED 185,000; 2015 AED 192,500; 2016 AED 186,500; 2017 AED 177,500; 2018 AED 155,000; 2019 AED 140,000; 2020 AED 125,174; 2021 AED 130,000; 2022 AED 139,500; 2023 AED 160,000; 2024 AED 203,563; 2025 AED 215,000; 2026 AED 260,000New contract, August 2013: AED 120,000 a yearNew contract, September 2013: AED 175,000 a yearNew contract, January 2015: AED 190,000 a yearRenewal, January 2016: AED 190,000 a year

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

6-beds in Al Reem 3, and where TH249 sits

All 52 6-beds →

TH249 last sold in April 2017 at AED 936 per sqft, 7% below what six-beds in Al Reem 3 were fetching at the time (AED 1,006). TH249's AED 190,000 is in the lower half of that range.

Recent 6-bed salesVilla no.Price (AED)Summary
11 Oct 20234,375,000
20 Sep 20232,775,000
1 Aug 20234,150,000
28 Jul 20233,700,000
0 6-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 →

TH249, Al Reem 3 in numbers

  • Sold 3 times: first on 21 November 2007 for AED 473,444, last on 25 April 2017 for AED 2,675,000 (AED 936 per sqft).
  • Rented since August 2013 on 4 Ejari contracts, from AED 120,000 to AED 190,000 a year.
  • At AED 190,000 a year the gross yield on the 2017 price is 7.1%, before a service charge of about AED 8,800 a year (AED 3.08 per sqft).

Source: Dubai Land Department. Updated 25 April 2017.

Questions about TH249, Al Reem 3

What did villa TH249 last sell for?

AED 2,675,000 on 25 April 2017: AED 936 per sqft for 2,856 sqft. The villa has 3 registered sales; the first was AED 473,444 in November 2007.

What is the rent for villa TH249?

AED 190,000 a year on the contract renewed on 10 January 2016. The previous contract, from January 2015, was AED 190,000; the villa has been rented since August 2013.

How big is villa TH249?

2,856 sqft (265.3 sqm): a six-bedroom villa in Al Reem 3, completed in 2007.

What is villa TH249 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 TH249, Al Reem 3

Starts from the last sale price (AED 2.68M, 25 April 2017). Switch to today's estimate once you have unlocked it.
Price
AED 2,675,000
Deposit, UAE resident (20%)
AED 535,000
Deposit, non-resident (40%)
AED 1,070,000
Monthly over 25 years at 3.7%
AED 10,944

Plus AED 117,360 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →