V028, Palma Villa
Sold prices and rental history: sold once, by the developer in June 2015, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for V028, Palma Villa
What is V028 worth today?
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Source: Dubai Land Department. Updated 1 August 2023.
Key facts
- Type
- 5-bed villa
- Size
- 3,586 sqft
- Developer
- Emaar
- Completed
- 2016
- Service charge
- AED 8,700 /yr
- Last sold
- AED 4.46M · June 2015
- Community
- Palma Villa
About V028, Palma Villa
V028 is a five-bedroom villa of 3,586 sqft in Palma Villa, a villa community in Arabian Ranches 2 completed in 2016 by Emaar. The developer sold it on 28 June 2015 for AED 4,460,888, or AED 1,244 per sqft, in line with the AED 1,275 five-beds in the community were fetching at the time.
It has been rented continuously since 2016 on 7 Ejari contracts. The current contract, renewed on 1 August 2023, is AED 200,000 a year: a gross yield of 4.5% on the 2015 price, before the service charge of about AED 8,700 a year.
Sales and rents for V028 over time
V028 has sold once; the dashed line is the five-bed median of each year in the community.
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 V028 sits
All 40 5-beds →V028 last sold in June 2015 at AED 1,244 per sqft, in line with what five-beds in Palma Villa were fetching at the time (AED 1,275). V028's AED 200,000 is at the bottom of that range.
| Recent 5-bed sales | Villa no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 24 Jul 202524 July 2025 | 3,586 sqft | 6,350,000 | 1,770 | ||
| 28 Apr 202528 April 2025 | 3,586 sqft | 6,225,000 | 1,736 | ||
| 22 Nov 202422 November 2024 | 3,586 sqft | 6,000,000 | 1,673 | ||
| 4 Jun 20244 June 2024 | 3,586 sqft | 4,990,000 | 1,391 |
Palma Villa
Community121 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%
V028, Palma Villa in numbers
- Sold once: by Emaar on 28 June 2015 for AED 4,460,888, or AED 1,244 per sqft.
- Rented since September 2016 on 7 Ejari contracts. The rent fell from AED 220,000 to AED 160,000 in 2022 and recovered to AED 200,000 by August 2023.
- At AED 200,000 a year the gross yield on the 2015 price is 4.5%, before a service charge of about AED 8,700 a year (AED 2.44 per sqft).
Source: Dubai Land Department. Updated 1 August 2023.
Questions about V028, Palma Villa
What did villa V028 last sell for?
AED 4,460,888 on 28 June 2015, sold by the developer: AED 1,244 per sqft for 3,586 sqft. It is the only registered sale of the villa.
What is the rent for villa V028?
AED 200,000 a year on the contract renewed on 1 August 2023. The previous contract, from August 2022, was AED 160,000; the villa has been rented since September 2016.
How big is villa V028?
3,586 sqft (333.2 sqm): a five-bedroom villa in Palma Villa, completed in 2016.
What is villa V028 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 V028, Palma Villa
Starts from the last sale price (AED 4.46M, 28 June 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 4,460,888
- Deposit, UAE resident (20%)
- AED 892,178
- Deposit, non-resident (40%)
- AED 1,784,355
- Monthly over 25 years at 3.7%
- AED 18,251
Plus AED 192,368 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →