3-bed · 3,197 sqftPalma Villa, Arabian Ranches 2 · completed 2016

V033, Palma Villa

Sold prices and rental history: sold twice, last in February 2024, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V033 · DLD and Ejari recordsUpdated 16 February 2024
Last soldAED 4.3M16 February 2024
Current rentAED 148K /yr1 June 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for V033, Palma Villa

What is V033 worth today?

Last sold for AED 4,300,000 in 2024

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16 Feb 2024SoldReady
AED 4,300,000AED 1,345 per sqft
1 Jun 2023RentedRenewal
AED 147,917/yr5 months · AED 46 per sqft
1 Jun 2022RentedRenewal
AED 147,000/yr12 months · AED 46 per sqft
1 May 2021RentedRenewal
AED 140,000/yr13 months · AED 44 per sqft
1 May 2020RentedRenewal
AED 140,000/yr12 months · AED 44 per sqft
1 May 2019RentedNew contract
AED 140,000/yr12 months · AED 44 per sqft
2 Aug 2016RentedNew contract
AED 195,000/yr12 months · AED 61 per sqft
3 Apr 2014Sold by developerOff-plan
AED 3,476,888AED 1,087 per sqft

Source: Dubai Land Department. Updated 16 February 2024.

Key facts

Type
3-bed villa
Size
3,197 sqft
Developer
Emaar
Completed
2016
Service charge
AED 7,800 /yr
Last sold
AED 4.3M · February 2024
Community
Palma Villa

About V033, Palma Villa

V033 is a three-bedroom villa of 3,197 sqft in Palma Villa, a villa community in Arabian Ranches 2 completed in 2016 by Emaar. It last sold on 16 February 2024 for AED 4,300,000, or AED 1,345 per sqft, 13% above the AED 1,188 three-beds in the community were fetching at the time.

It has been rented continuously since 2016 on 6 Ejari contracts. The current contract, renewed on 1 June 2023, is AED 147,917 a year: a gross yield of 3.4% on the 2024 price, before the service charge of about AED 7,800 a year.

Sales and rents for V033 over time

Sales
Villa V033, each saleTypical three-bed in Palma Villa
2M4M6M20142017202020232026Typical sale price by year: 2014 AED 3,531,888; 2015 AED 3,604,888; 2016 AED 3,479,888; 2018 AED 1,851,116; 2022 AED 3,400,000; 2023 AED 3,687,500; 2024 AED 4,750,000; 2025 AED 5,550,000Sold by developer, April 2014: AED 3,476,888 (AED 1,087 per sqft)Sold, February 2024: AED 4,300,000 (AED 1,345 per sqft)

V033 has sold twice; the dashed line is the three-bed median of each year in the community.

Rents
Villa V033, each contractTypical three-bed in Palma Villa
200K2016201920222025Typical rent by year: 2016 AED 195,000; 2017 AED 188,000; 2018 AED 162,500; 2019 AED 150,000; 2020 AED 135,000; 2021 AED 152,500; 2022 AED 175,000; 2023 AED 200,576; 2024 AED 228,400; 2025 AED 270,000New contract, August 2016: AED 195,000 a yearNew contract, May 2019: AED 140,000 a yearRenewal, May 2020: AED 140,000 a yearRenewal, May 2021: AED 140,000 a yearRenewal, June 2022: AED 147,000 a yearRenewal, June 2023: AED 147,917 a year

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

3-beds in Palma Villa, and where V033 sits

All 41 3-beds →

V033 last sold in February 2024 at AED 1,345 per sqft, 13% above what three-beds in Palma Villa were fetching at the time (AED 1,188).

Recent 3-bed salesVilla no.Price (AED)Summary
4 Nov 20255,500,000
6 Oct 20255,600,000
12 May 20255,300,000
10 Feb 20255,850,000
0 3-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 →

V033, Palma Villa in numbers

  • Sold twice: first on 3 April 2014 for AED 3,476,888, last on 16 February 2024 for AED 4,300,000 (AED 1,345 per sqft).
  • Rented since August 2016 on 6 Ejari contracts, from AED 195,000 to AED 147,917 a year.
  • At AED 147,917 a year the gross yield on the 2024 price is 3.4%, before a service charge of about AED 7,800 a year (AED 2.44 per sqft).

Source: Dubai Land Department. Updated 16 February 2024.

Questions about V033, Palma Villa

What did villa V033 last sell for?

AED 4,300,000 on 16 February 2024: AED 1,345 per sqft for 3,197 sqft. The villa has 2 registered sales; the first was AED 3,476,888 in April 2014.

What is the rent for villa V033?

AED 147,917 a year on the contract renewed on 1 June 2023. The previous contract, from June 2022, was AED 147,000; the villa has been rented since August 2016.

How big is villa V033?

3,197 sqft (297.0 sqm): a three-bedroom villa in Palma Villa, completed in 2016.

What is villa V033 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 V033, Palma Villa

Starts from the last sale price (AED 4.3M, 16 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 4,300,000
Deposit, UAE resident (20%)
AED 860,000
Deposit, non-resident (40%)
AED 1,720,000
Monthly over 25 years at 3.7%
AED 17,593

Plus AED 185,610 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →