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

TH6, Orchid B

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

Unit TH6 · DLD and Ejari recordsUpdated 16 August 2022
Last soldAED 2.04M16 August 2022
Current rentAED 102K /yr17 March 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for TH6, Orchid B

What is TH6 worth today?

Last sold for AED 2,041,340 in 2022

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16 Aug 2022Sold by developerReady
AED 2,041,340AED 755 per sqft
17 Mar 2021RentedRenewal
AED 102,000/yr13 months · AED 38 per sqft
17 Mar 2020RentedNew contract
AED 108,000/yr12 months · AED 40 per sqft
17 Mar 2019RentedNew contract
AED 108,000/yr12 months · AED 40 per sqft

Source: Dubai Land Department. Updated 16 August 2022.

Key facts

Type
2-bed apartment
Size
2,701 sqft
Floor
Ground of 8
Parking
UG-30 , UG-31
Developer
DAMAC
Completed
2018
Service charge
AED 39,700 /yr
Last sold
AED 2.04M · August 2022
Building
Orchid B

About TH6, Orchid B

TH6 is a two-bedroom apartment of 2,701 sqft on the ground floor of Orchid B, a 8-storey tower in Damac Hills completed in 2018 by DAMAC. The developer sold it on 16 August 2022 for AED 2,041,340, or AED 755 per sqft, 7% below the AED 810 two-beds in the building were fetching at the time.

It has been rented since 2019 on 3 Ejari contracts. The current contract, renewed on 17 March 2021, is AED 102,000 a year: a gross yield of 5.0% on the 2022 price, before the service charge of about AED 39,700 a year.

Sales and rents for TH6 over time

Sales
Unit TH6, each saleTypical two-bed in Orchid B
1.5M2M2020202120222023Typical sale price by year: 2020 AED 1,415,675; 2021 AED 1,312,237; 2022 AED 1,376,440Sold by developer, August 2022: AED 2,041,340 (AED 755 per sqft)

TH6 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit TH6, each contractTypical two-bed in Orchid B
100K150K20192021202320252027Typical rent by year: 2019 AED 97,384; 2020 AED 93,500; 2021 AED 94,787; 2022 AED 100,000; 2023 AED 107,500; 2024 AED 150,000; 2025 AED 140,000; 2026 AED 135,000New contract, March 2019: AED 108,000 a yearNew contract, March 2020: AED 108,000 a yearRenewal, March 2021: AED 102,000 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 B, and where TH6 sits

All 19 2-beds →

TH6 last sold in August 2022 at AED 755 per sqft, 7% below what two-beds in Orchid B were fetching at the time (AED 810). TH6's AED 102,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
4 Jun 20252,350,000
16 Mar 20231,625,000
22 Dec 20222,002,000
26 Jul 20221,474,900
0 2-bed sales in the last 12 months

Orchid B

Building

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

Typical price per sqft
AED 1,143
Typical sale
AED 588K
Typical rent
AED 70K /yr
Typical yield
8.1%
Orchid B, Damac Hills: prices, sales and rents →

Other units on the ground floor

All 84 units in Orchid B
Value
TH52-bedAED 1.92M · Jan 2020
TH73-bedAED 2.46M · Nov 2019
TH83-bedAED 2.35M · Mar 2021

TH6, Orchid B in numbers

  • Sold once: by DAMAC on 16 August 2022 for AED 2,041,340, or AED 755 per sqft.
  • Rented since March 2019 on 3 Ejari contracts, from AED 108,000 to AED 102,000 a year.
  • At AED 102,000 a year the gross yield on the 2022 price is 5.0%, before a service charge of about AED 39,700 a year (AED 14.68 per sqft).

Source: Dubai Land Department. Updated 16 August 2022.

Questions about TH6, Orchid B

What did unit TH6 last sell for?

AED 2,041,340 on 16 August 2022, sold by the developer: AED 755 per sqft for 2,701 sqft. It is the only registered sale of the unit.

What is the rent for unit TH6?

AED 102,000 a year on the contract renewed on 17 March 2021. The previous contract, from March 2020, was AED 108,000; the unit has been rented since March 2019.

How big is unit TH6?

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 TH6 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 TH6, Orchid B

Starts from the last sale price (AED 2.04M, 16 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,041,340
Deposit, UAE resident (20%)
AED 408,268
Deposit, non-resident (40%)
AED 816,536
Monthly over 25 years at 3.7%
AED 8,352

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