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4-bed · 3,645 sqftPalma Villa, Arabian Ranches 2 · completed 2016

V002, Palma Villa

Sold prices and rental history: sold twice, last in September 2022, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V002 · DLD and Ejari recordsUpdated 28 September 2022
Last soldAED 4.34M28 September 2022
Current rentAED 170K /yr27 September 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V002, Palma Villa

What is V002 worth today?

Last sold for AED 4,340,000 in 2022

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28 Sep 2022SoldReady
AED 4,340,000AED 1,190 per sqft
27 Sep 2019RentedRenewal
AED 170,000/yr12 months · AED 47 per sqft
12 Dec 2016Sold by developerReady
AED 4,482,888AED 1,229 per sqft
27 Sep 2016RentedNew contract
AED 218,000/yr12 months · AED 60 per sqft

Source: Dubai Land Department. Updated 28 September 2022.

Key facts

Type
4-bed villa
Size
3,645 sqft
Developer
Emaar
Completed
2016
Service charge
AED 8,900 /yr
Last sold
AED 4.34M · September 2022
Community
Palma Villa

About V002, Palma Villa

V002 is a four-bedroom villa of 3,645 sqft in Palma Villa, a villa community in Arabian Ranches 2 completed in 2016 by Emaar. It last sold on 28 September 2022 for AED 4,340,000, or AED 1,190 per sqft, 8% above the AED 1,102 four-beds in the community were fetching at the time.

It has been rented since 2016 on 2 Ejari contracts. The current contract, renewed on 27 September 2019, is AED 170,000 a year: a gross yield of 3.9% on the 2022 price, before the service charge of about AED 8,900 a year.

Sales and rents for V002 over time

Sales
Villa V002, each saleTypical four-bed in Palma Villa
4M6M20142017202020232026Typical sale price by year: 2014 AED 4,139,888; 2015 AED 4,136,388; 2016 AED 4,199,888; 2017 AED 4,393,888; 2021 AED 3,600,250; 2022 AED 4,270,000; 2023 AED 4,425,000; 2025 AED 6,850,000Sold by developer, December 2016: AED 4,482,888 (AED 1,229 per sqft)Sold, September 2022: AED 4,340,000 (AED 1,190 per sqft)

V002 has sold twice; the dashed line is the four-bed median of each year in the community.

Rents
Villa V002, each contractTypical four-bed in Palma Villa
200K300K2016201920222025Typical rent by year: 2016 AED 216,500; 2017 AED 205,000; 2018 AED 175,500; 2019 AED 167,500; 2020 AED 154,213; 2021 AED 162,750; 2022 AED 210,000; 2023 AED 290,000; 2024 AED 300,000; 2025 AED 295,000New contract, September 2016: AED 218,000 a yearRenewal, September 2019: AED 170,000 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 Palma Villa, and where V002 sits

All 40 4-beds →

V002 last sold in September 2022 at AED 1,190 per sqft, 8% above what four-beds in Palma Villa were fetching at the time (AED 1,102). Over the last 12 months four-beds sold for AED 6,700,000 to 7,000,000, around AED 1,879 per sqft, and rent for AED 230,120 to 345,000 a year. V002's AED 170,000 is at the bottom of that range.

Recent 4-bed salesVilla no.Price (AED)Summary
9 Dec 20257,000,000
28 Nov 20256,700,000
23 Jun 20257,700,000
6 Jan 20255,700,000
2 4-bed sales in the last 12 months

Palma Villa

Community

121 villas, 3-bed to 5-bed in Arabian Ranches 2, completed in 2016 by Emaar. 2 sold in the last 12 months.

Typical price per sqft
AED 1,879
Typical sale
AED 6.85M
Typical rent
AED 310K /yr
Typical yield
4.7%
Palma Villa, Arabian Ranches 2: prices, sales and rents →

V002, Palma Villa in numbers

  • Sold twice: first on 12 December 2016 for AED 4,482,888, last on 28 September 2022 for AED 4,340,000 (AED 1,190 per sqft).
  • Rented since September 2016 on 2 Ejari contracts, from AED 218,000 to AED 170,000 a year.
  • At AED 170,000 a year the gross yield on the 2022 price is 3.9%, before a service charge of about AED 8,900 a year (AED 2.44 per sqft).
  • Four-beds in Palma Villa sold for AED 6,700,000–7,000,000 in the 12 months to November 2026; the community's median across all types is AED 1,879 per sqft.

Source: Dubai Land Department. Updated 28 September 2022.

Questions about V002, Palma Villa

What did villa V002 last sell for?

AED 4,340,000 on 28 September 2022: AED 1,190 per sqft for 3,645 sqft. The villa has 2 registered sales; the first was AED 4,482,888 in December 2016.

What is the rent for villa V002?

AED 170,000 a year on the contract renewed on 27 September 2019. The previous contract, from September 2016, was AED 218,000.

How big is villa V002?

3,645 sqft (338.6 sqm): a four-bedroom villa in Palma Villa, completed in 2016.

What is villa V002 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Four-beds in Palma Villa sold for AED 6,700,000 to 7,000,000 in the last 12 months, around AED 1,879 per sqft.

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Mortgage on V002, Palma Villa

Starts from the last sale price (AED 4.34M, 28 September 2022). Switch to today's estimate once you have unlocked it.
Price
AED 4,340,000
Deposit, UAE resident (20%)
AED 868,000
Deposit, non-resident (40%)
AED 1,736,000
Monthly over 25 years at 3.7%
AED 17,756

Plus AED 187,290 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →