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4-bed · 3,589 sqftPalma Villa, Arabian Ranches 2 · completed 2016

V040, Palma Villa

Sold prices and rental history: sold twice, last in July 2021, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V040 · DLD and Ejari recordsUpdated 27 July 2021
Last soldAED 3.45M27 July 2021
Current rentAED 140K /yr1 July 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V040, Palma Villa

What is V040 worth today?

Last sold for AED 3,450,000 in 2021

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27 Jul 2021SoldReady
AED 3,450,000AED 961 per sqft
1 Jul 2020RentedNew contract
AED 140,000/yr12 months · AED 39 per sqft
1 Sep 2019RentedNew contract
AED 165,000/yr12 months · AED 46 per sqft
1 Sep 2017RentedRenewal
AED 220,000/yr12 months · AED 61 per sqft
1 Sep 2016RentedNew contract
AED 220,000/yr12 months · AED 61 per sqft
8 Jul 2015Sold by developerOff-plan
AED 3,858,888AED 1,075 per sqft

Source: Dubai Land Department. Updated 27 July 2021.

Key facts

Type
4-bed villa
Size
3,589 sqft
Developer
Emaar
Completed
2016
Service charge
AED 8,800 /yr
Last sold
AED 3.45M · July 2021
Community
Palma Villa

About V040, Palma Villa

V040 is a four-bedroom villa of 3,589 sqft in Palma Villa, a villa community in Arabian Ranches 2 completed in 2016 by Emaar. It last sold on 27 July 2021 for AED 3,450,000, or AED 961 per sqft.

It has been rented continuously since 2016 on 4 Ejari contracts. The current contract, signed on 1 July 2020, is AED 140,000 a year: a gross yield of 4.1% on the 2021 price, before the service charge of about AED 8,800 a year.

Sales and rents for V040 over time

Sales
Villa V040, 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, July 2015: AED 3,858,888 (AED 1,075 per sqft)Sold, July 2021: AED 3,450,000 (AED 961 per sqft)

V040 has sold twice; the dashed line is the four-bed median of each year in the community.

Rents
Villa V040, 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 220,000 a yearRenewal, September 2017: AED 220,000 a yearNew contract, September 2019: AED 165,000 a yearNew contract, July 2020: AED 140,000 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 V040 sits

All 40 4-beds →

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. V040's AED 140,000 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 →

V040, Palma Villa in numbers

  • Sold twice: first on 8 July 2015 for AED 3,858,888, last on 27 July 2021 for AED 3,450,000 (AED 961 per sqft).
  • Rented since September 2016 on 4 Ejari contracts, from AED 220,000 to AED 140,000 a year.
  • At AED 140,000 a year the gross yield on the 2021 price is 4.1%, before a service charge of about AED 8,800 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 27 July 2021.

Questions about V040, Palma Villa

What did villa V040 last sell for?

AED 3,450,000 on 27 July 2021: AED 961 per sqft for 3,589 sqft. The villa has 2 registered sales; the first was AED 3,858,888 in July 2015.

What is the rent for villa V040?

AED 140,000 a year on the contract signed on 1 July 2020. The previous contract, from September 2019, was AED 165,000; the villa has been rented since September 2016.

How big is villa V040?

3,589 sqft (333.4 sqm): a four-bedroom villa in Palma Villa, completed in 2016.

What is villa V040 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 V040, Palma Villa

Starts from the last sale price (AED 3.45M, 27 July 2021). Switch to today's estimate once you have unlocked it.
Price
AED 3,450,000
Deposit, UAE resident (20%)
AED 690,000
Deposit, non-resident (40%)
AED 1,380,000
Monthly over 25 years at 3.7%
AED 14,115

Plus AED 149,910 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →