5-bed · 3,586 sqftPalma Villa, Arabian Ranches 2 · completed 2016

V006, Palma Villa

Sold prices and rental history: sold 3 times, last in March 2024, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V006 · DLD and Ejari recordsUpdated 15 March 2024
Last soldAED 5.2M15 March 2024
Current rentAED 250K /yr5 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for V006, Palma Villa

What is V006 worth today?

Last sold for AED 5,200,000 in 2024

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15 Mar 2024SoldReady
AED 5,200,000AED 1,450 per sqft
5 Jan 2023RentedNew contract
AED 250,000/yr12 months · AED 70 per sqft
21 Oct 2022SoldReady
AED 4,300,000AED 1,199 per sqft
5 Jan 2022RentedRenewal
AED 176,000/yr12 months · AED 49 per sqft
1 Nov 2018RentedRenewal
AED 160,000/yr12 months · AED 45 per sqft
1 Nov 2017RentedNew contract
AED 175,000/yr12 months · AED 49 per sqft
3 Jan 2017Sold by developerReady
AED 4,687,888AED 1,307 per sqft

Source: Dubai Land Department. Updated 15 March 2024.

Key facts

Type
5-bed villa
Size
3,586 sqft
Developer
Emaar
Completed
2016
Service charge
AED 8,700 /yr
Last sold
AED 5.2M · March 2024
Community
Palma Villa

About V006, Palma Villa

V006 is a five-bedroom villa of 3,586 sqft in Palma Villa, a villa community in Arabian Ranches 2 completed in 2016 by Emaar. It last sold on 15 March 2024 for AED 5,200,000, or AED 1,450 per sqft, 6% above the AED 1,374 five-beds in the community were fetching at the time.

It has been rented continuously since 2017 on 4 Ejari contracts. The current contract, signed on 5 January 2023, is AED 250,000 a year: a gross yield of 4.8% on the 2024 price, before the service charge of about AED 8,700 a year.

Sales and rents for V006 over time

Sales
Villa V006, each saleTypical five-bed in Palma Villa
4.5M5M2014201720202023Typical sale price by year: 2014 AED 4,657,888; 2015 AED 4,505,888; 2016 AED 4,572,888; 2017 AED 4,411,444; 2022 AED 4,335,000; 2023 AED 4,700,000; 2024 AED 5,100,000Sold by developer, January 2017: AED 4,687,888 (AED 1,307 per sqft)Sold, October 2022: AED 4,300,000 (AED 1,199 per sqft)Sold, March 2024: AED 5,200,000 (AED 1,450 per sqft)

V006 has sold 3 times; the dashed line is the five-bed median of each year in the community.

Rents
Villa V006, each contractTypical five-bed in Palma Villa
200K300K2016201920222025Typical rent by year: 2016 AED 220,000; 2017 AED 210,000; 2018 AED 179,517; 2019 AED 175,000; 2020 AED 161,000; 2021 AED 170,500; 2022 AED 237,500; 2023 AED 260,000; 2024 AED 315,000; 2025 AED 325,000New contract, November 2017: AED 175,000 a yearRenewal, November 2018: AED 160,000 a yearRenewal, January 2022: AED 176,000 a yearNew contract, January 2023: AED 250,000 a year

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

5-beds in Palma Villa, and where V006 sits

All 40 5-beds →

V006 last sold in March 2024 at AED 1,450 per sqft, 6% above what five-beds in Palma Villa were fetching at the time (AED 1,374). V006's AED 250,000 is at the bottom of that range.

Recent 5-bed salesVilla no.Price (AED)Summary
24 Jul 20256,350,000
28 Apr 20256,225,000
22 Nov 20246,000,000
4 Jun 20244,990,000
0 5-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 →

V006, Palma Villa in numbers

  • Sold 3 times: first on 3 January 2017 for AED 4,687,888, last on 15 March 2024 for AED 5,200,000 (AED 1,450 per sqft).
  • Rented since November 2017 on 4 Ejari contracts, from AED 175,000 to AED 250,000 a year.
  • At AED 250,000 a year the gross yield on the 2024 price is 4.8%, before a service charge of about AED 8,700 a year (AED 2.44 per sqft).

Source: Dubai Land Department. Updated 15 March 2024.

Questions about V006, Palma Villa

What did villa V006 last sell for?

AED 5,200,000 on 15 March 2024: AED 1,450 per sqft for 3,586 sqft. The villa has 3 registered sales; the first was AED 4,687,888 in January 2017.

What is the rent for villa V006?

AED 250,000 a year on the contract signed on 5 January 2023. The previous contract, from January 2022, was AED 176,000; the villa has been rented since November 2017.

How big is villa V006?

3,586 sqft (333.2 sqm): a five-bedroom villa in Palma Villa, completed in 2016.

What is villa V006 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 V006, Palma Villa

Starts from the last sale price (AED 5.2M, 15 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 5,200,000
Deposit, UAE resident (20%)
AED 1,040,000
Deposit, non-resident (40%)
AED 2,080,000
Monthly over 25 years at 3.7%
AED 21,275

Plus AED 223,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →