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2-bed · 2,698 sqftOrchid A, Damac Hills · Ground floor · completed 2018

TH4, Orchid A

Sold prices and rental history: sold once, by the developer in December 2022, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit TH4 · DLD and Ejari recordsUpdated 12 December 2022
Last soldAED 2M12 December 2022
Current rentAED 100K /yr10 April 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH4, Orchid A

What is TH4 worth today?

Last sold for AED 1,997,760 in 2022

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12 Dec 2022Sold by developerReady
AED 1,997,760AED 740 per sqft
10 Apr 2021RentedNew contract
AED 100,000/yr13 months · AED 37 per sqft
31 Jan 2020RentedNew contract
AED 112,000/yr13 months · AED 42 per sqft
1 Apr 2019RentedNew contract
AED 107,000/yr12 months · AED 40 per sqft

Source: Dubai Land Department. Updated 12 December 2022.

Key facts

Type
2-bed apartment
Size
2,698 sqft
Floor
Ground of 8
Parking
UG-28 , UG-33
Developer
DAMAC
Completed
2018
Service charge
AED 39,600 /yr
Last sold
AED 2M · December 2022
Building
Orchid A

About TH4, Orchid A

TH4 is a two-bedroom apartment of 2,698 sqft on the ground floor of Orchid A, a 8-storey tower in Damac Hills completed in 2018 by DAMAC. The developer sold it on 12 December 2022 for AED 1,997,760, or AED 740 per sqft, 5% below the AED 780 two-beds in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 10 April 2021, is AED 100,000 a year: a gross yield of 5.0% on the 2022 price, before the service charge of about AED 39,600 a year.

Sales and rents for TH4 over time

Sales
Unit TH4, each saleTypical two-bed in Orchid A
1.5M2M20142017202020232026Typical 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, December 2022: AED 1,997,760 (AED 740 per sqft)

TH4 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit TH4, 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, April 2019: AED 107,000 a yearNew contract, January 2020: AED 112,000 a yearNew contract, April 2021: AED 100,000 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 TH4 sits

All 19 2-beds →

TH4 last sold in December 2022 at AED 740 per sqft, 5% below what two-beds in Orchid A were fetching at the time (AED 780). 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. TH4's AED 100,000 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
TH32-bedAED 2.35M · May 2024

TH4, Orchid A in numbers

  • Sold once: by DAMAC on 12 December 2022 for AED 1,997,760, or AED 740 per sqft.
  • Rented since April 2019 on 3 Ejari contracts, from AED 107,000 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2022 price is 5.0%, before a service charge of about AED 39,600 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 12 December 2022.

Questions about TH4, Orchid A

What did unit TH4 last sell for?

AED 1,997,760 on 12 December 2022, sold by the developer: AED 740 per sqft for 2,698 sqft. It is the only registered sale of the unit.

What is the rent for unit TH4?

AED 100,000 a year on the contract signed on 10 April 2021. The previous contract, from January 2020, was AED 112,000; the unit has been rented since April 2019.

How big is unit TH4?

2,698 sqft (250.7 sqm): a two-bedroom apartment on the ground floor of a 8-storey tower completed in 2018.

What is unit TH4 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 TH4, Orchid A

Starts from the last sale price (AED 2M, 12 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,997,760
Deposit, UAE resident (20%)
AED 399,552
Deposit, non-resident (40%)
AED 799,104
Monthly over 25 years at 3.7%
AED 8,173

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