2-bed · 2,701 sqftOrchid A, Damac Hills · Ground floor · completed 2018

TH3, Orchid A

Sold prices and rental history: sold twice, last in May 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit TH3 · DLD and Ejari recordsUpdated 15 May 2024
Last soldAED 2.35M15 May 2024
Current rentAED 105K /yr20 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for TH3, Orchid A

What is TH3 worth today?

Last sold for AED 2,350,000 in 2024

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15 May 2024SoldReady
AED 2,350,000AED 869 per sqft
20 Nov 2022RentedRenewal
AED 105,000/yr12 months · AED 39 per sqft
20 Nov 2021RentedNew contract
AED 105,000/yr12 months · AED 39 per sqft
1 Sep 2020RentedRenewal
AED 105,000/yr13 months · AED 39 per sqft
6 Oct 2019Sold by developerReady
AED 2,462,000AED 911 per sqft
1 Sep 2019RentedNew contract
AED 110,000/yr12 months · AED 41 per sqft

Source: Dubai Land Department. Updated 15 May 2024.

Key facts

Type
2-bed apartment
Size
2,701 sqft
Floor
Ground of 8
Parking
UG-27 , UG-34
Developer
DAMAC
Completed
2018
Service charge
AED 39,700 /yr
Last sold
AED 2.35M · May 2024
Building
Orchid A

About TH3, Orchid A

TH3 is a two-bedroom apartment of 2,701 sqft on the ground floor of Orchid A, a 8-storey tower in Damac Hills completed in 2018 by DAMAC. It last sold on 15 May 2024 for AED 2,350,000, or AED 869 per sqft.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 20 November 2022, is AED 105,000 a year: a gross yield of 4.5% on the 2024 price, before the service charge of about AED 39,700 a year.

Sales and rents for TH3 over time

Sales
Unit TH3, each saleTypical two-bed in Orchid A
2M20142017202020232026Typical sale price by year: 2014 AED 1,962,200; 2021 AED 1,270,000; 2022 AED 1,562,000; 2025 AED 2,200,000Sold by developer, October 2019: AED 2,462,000 (AED 911 per sqft)Sold, May 2024: AED 2,350,000 (AED 869 per sqft)

TH3 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit TH3, each contractTypical two-bed in Orchid A
75K100K125K20192021202320252027Typical rent by year: 2019 AED 92,825; 2020 AED 96,000; 2021 AED 98,000; 2022 AED 83,500; 2023 AED 85,550; 2024 AED 110,000; 2025 AED 120,000; 2026 AED 134,000New contract, September 2019: AED 110,000 a yearRenewal, September 2020: AED 105,000 a yearNew contract, November 2021: AED 105,000 a yearRenewal, November 2022: AED 105,000 a year

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

2-beds in Orchid A, and where TH3 sits

All 19 2-beds →

Over the last 12 months two-beds sold for AED 2,250,000 to 2,650,000, around AED 1,249 per sqft, and rent for AED 120,000 to 180,000 a year. TH3's AED 105,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
27 Oct 20262,250,000
6 Mar 20262,650,000
28 Oct 20252,200,000
15 Oct 20252,220,000
2 2-bed sales in the last 12 months

Orchid A

Building

84 apartments, studios to 3-bed over 8 floors in Damac Hills, completed in 2018 by DAMAC. 4 sold in the last 12 months.

Typical price per sqft
AED 1,300
Typical sale
AED 1.72M
Typical rent
AED 70K /yr
Typical yield
6.5%
Orchid A, Damac Hills: prices, sales and rents →

Other units on the ground floor

All 84 units in Orchid A
Value
TH13-bedAED 1.77M · Jul 2019
TH23-bedAED 2.49M · Nov 2019
TH42-bedAED 2M · Dec 2022

TH3, Orchid A in numbers

  • Sold twice: first on 6 October 2019 for AED 2,462,000, last on 15 May 2024 for AED 2,350,000 (AED 869 per sqft).
  • Rented since September 2019 on 4 Ejari contracts, from AED 110,000 to AED 105,000 a year.
  • At AED 105,000 a year the gross yield on the 2024 price is 4.5%, before a service charge of about AED 39,700 a year (AED 14.68 per sqft).
  • Two-beds in Orchid A sold for AED 2,250,000–2,650,000 in the 12 months to November 2026; the building's median across all types is AED 1,300 per sqft.

Source: Dubai Land Department. Updated 15 May 2024.

Questions about TH3, Orchid A

What did unit TH3 last sell for?

AED 2,350,000 on 15 May 2024: AED 869 per sqft for 2,701 sqft. The unit has 2 registered sales; the first was AED 2,462,000 in October 2019.

What is the rent for unit TH3?

AED 105,000 a year on the contract renewed on 20 November 2022. The previous contract, from November 2021, was AED 105,000; the unit has been rented since September 2019.

How big is unit TH3?

2,701 sqft (250.9 sqm): a two-bedroom apartment on the ground floor of a 8-storey tower completed in 2018.

What is unit TH3 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Orchid A sold for AED 2,250,000 to 2,650,000 in the last 12 months, around AED 1,249 per sqft.

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Mortgage on TH3, Orchid A

Starts from the last sale price (AED 2.35M, 15 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,350,000
Deposit, UAE resident (20%)
AED 470,000
Deposit, non-resident (40%)
AED 940,000
Monthly over 25 years at 3.7%
AED 9,615

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →