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

V034, Palma Villa

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

Villa V034 · DLD and Ejari recordsUpdated 23 November 2022
Last soldAED 3.4M23 November 2022
Current rentAED 136K /yr21 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for V034, Palma Villa

What is V034 worth today?

Last sold for AED 3,400,000 in 2022

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23 Nov 2022SoldReady
AED 3,400,000AED 1,063 per sqft
21 Sep 2022RentedRenewal
AED 135,801/yr6 months · AED 42 per sqft
21 Sep 2021RentedRenewal
AED 136,500/yr12 months · AED 43 per sqft
21 Sep 2020RentedRenewal
AED 130,000/yr12 months · AED 41 per sqft
21 Sep 2018RentedRenewal
AED 165,000/yr12 months · AED 52 per sqft
21 Sep 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 23 November 2022.

Key facts

Type
3-bed villa
Size
3,197 sqft
Developer
Emaar
Completed
2016
Service charge
AED 7,800 /yr
Last sold
AED 3.4M · November 2022
Community
Palma Villa

About V034, Palma Villa

V034 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 23 November 2022 for AED 3,400,000, or AED 1,063 per sqft, in line with the AED 1,055 three-beds in the community were fetching at the time.

It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, renewed on 21 September 2022, is AED 135,801 a year: a gross yield of 4.0% on the 2022 price, before the service charge of about AED 7,800 a year.

Sales and rents for V034 over time

Sales
Villa V034, 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, November 2022: AED 3,400,000 (AED 1,063 per sqft)

V034 has sold twice; the dashed line is the three-bed median of each year in the community.

Rents
Villa V034, 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, September 2016: AED 195,000 a yearRenewal, September 2018: AED 165,000 a yearRenewal, September 2020: AED 130,000 a yearRenewal, September 2021: AED 136,500 a yearRenewal, September 2022: AED 135,801 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 V034 sits

All 41 3-beds →

V034 last sold in November 2022 at AED 1,063 per sqft, in line with what three-beds in Palma Villa were fetching at the time (AED 1,055).

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 →

V034, Palma Villa in numbers

  • Sold twice: first on 3 April 2014 for AED 3,476,888, last on 23 November 2022 for AED 3,400,000 (AED 1,063 per sqft).
  • Rented since September 2016 on 5 Ejari contracts, from AED 195,000 to AED 135,801 a year.
  • At AED 135,801 a year the gross yield on the 2022 price is 4.0%, before a service charge of about AED 7,800 a year (AED 2.44 per sqft).

Source: Dubai Land Department. Updated 23 November 2022.

Questions about V034, Palma Villa

What did villa V034 last sell for?

AED 3,400,000 on 23 November 2022: AED 1,063 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 V034?

AED 135,801 a year on the contract renewed on 21 September 2022. The previous contract, from September 2021, was AED 136,500; the villa has been rented since September 2016.

How big is villa V034?

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

What is villa V034 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 V034, Palma Villa

Starts from the last sale price (AED 3.4M, 23 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 3,400,000
Deposit, UAE resident (20%)
AED 680,000
Deposit, non-resident (40%)
AED 1,360,000
Monthly over 25 years at 3.7%
AED 13,910

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