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

V063, Palma Villa

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

Villa V063 · DLD and Ejari recordsUpdated 31 August 2022
Last soldAED 4.32M31 August 2022
Current rentAED 160K /yr15 January 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V063, Palma Villa

What is V063 worth today?

Last sold for AED 4,320,000 in 2022

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31 Aug 2022SoldReady
AED 4,320,000AED 1,204 per sqft
15 Jan 2021RentedNew contract
AED 160,000/yr12 months · AED 45 per sqft
16 Sep 2020RentedRenewal
AED 175,000/yr12 months · AED 49 per sqft
16 Sep 2019RentedRenewal
AED 175,000/yr12 months · AED 49 per sqft
16 Sep 2018RentedNew contract
AED 200,000/yr12 months · AED 56 per sqft
19 Sep 2016RentedNew contract
AED 215,000/yr12 months · AED 60 per sqft
25 Feb 2015Sold by developerOff-plan
AED 4,573,888AED 1,275 per sqft

Source: Dubai Land Department. Updated 31 August 2022.

Key facts

Type
5-bed villa
Size
3,586 sqft
Developer
Emaar
Completed
2016
Service charge
AED 8,700 /yr
Last sold
AED 4.32M · August 2022
Community
Palma Villa

About V063, Palma Villa

V063 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 31 August 2022 for AED 4,320,000, or AED 1,204 per sqft, in line with the AED 1,204 five-beds in the community were fetching at the time.

It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, signed on 15 January 2021, is AED 160,000 a year: a gross yield of 3.7% on the 2022 price, before the service charge of about AED 8,700 a year.

Sales and rents for V063 over time

Sales
Villa V063, 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, February 2015: AED 4,573,888 (AED 1,275 per sqft)Sold, August 2022: AED 4,320,000 (AED 1,204 per sqft)

V063 has sold twice; the dashed line is the five-bed median of each year in the community.

Rents
Villa V063, 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, September 2016: AED 215,000 a yearNew contract, September 2018: AED 200,000 a yearRenewal, September 2019: AED 175,000 a yearRenewal, September 2020: AED 175,000 a yearNew contract, January 2021: AED 160,000 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 V063 sits

All 40 5-beds →

V063 last sold in August 2022 at AED 1,204 per sqft, in line with what five-beds in Palma Villa were fetching at the time (AED 1,204). V063's AED 160,000 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 →

V063, Palma Villa in numbers

  • Sold twice: first on 25 February 2015 for AED 4,573,888, last on 31 August 2022 for AED 4,320,000 (AED 1,204 per sqft).
  • Rented since September 2016 on 5 Ejari contracts, from AED 215,000 to AED 160,000 a year.
  • At AED 160,000 a year the gross yield on the 2022 price is 3.7%, before a service charge of about AED 8,700 a year (AED 2.44 per sqft).

Source: Dubai Land Department. Updated 31 August 2022.

Questions about V063, Palma Villa

What did villa V063 last sell for?

AED 4,320,000 on 31 August 2022: AED 1,204 per sqft for 3,586 sqft. The villa has 2 registered sales; the first was AED 4,573,888 in February 2015.

What is the rent for villa V063?

AED 160,000 a year on the contract signed on 15 January 2021. The previous contract, from September 2020, was AED 175,000; the villa has been rented since September 2016.

How big is villa V063?

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

What is villa V063 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 V063, Palma Villa

Starts from the last sale price (AED 4.32M, 31 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 4,320,000
Deposit, UAE resident (20%)
AED 864,000
Deposit, non-resident (40%)
AED 1,728,000
Monthly over 25 years at 3.7%
AED 17,674

Plus AED 186,450 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →