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

V066, Palma Villa

Sold prices and rental history: sold twice, last in May 2024, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V066 · DLD and Ejari recordsUpdated 24 May 2024
Last soldAED 4.5M24 May 2024
Current rentAED 200K /yr15 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for V066, Palma Villa

What is V066 worth today?

Last sold for AED 4,500,000 in 2024

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24 May 2024SoldReady
AED 4,500,000AED 1,407 per sqft
15 Aug 2023RentedRenewal
AED 200,133/yr9 months · AED 63 per sqft
21 Dec 2021RentedRenewal
AED 168,000/yr12 months · AED 53 per sqft
21 Dec 2020RentedRenewal
AED 136,000/yr12 months · AED 43 per sqft
20 Dec 2019RentedNew contract
AED 136,633/yr12 months · AED 43 per sqft
5 Aug 2019RentedRenewal
AED 140,000/yr12 months · AED 44 per sqft
5 Aug 2018RentedNew contract
AED 160,000/yr12 months · AED 50 per sqft
22 Apr 2018Sold by developerReady
AED 3,604,888AED 1,127 per sqft

Source: Dubai Land Department. Updated 24 May 2024.

Key facts

Type
3-bed villa
Size
3,197 sqft
Developer
Emaar
Completed
2016
Service charge
AED 7,800 /yr
Last sold
AED 4.5M · May 2024
Community
Palma Villa

About V066, Palma Villa

V066 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 24 May 2024 for AED 4,500,000, or AED 1,407 per sqft, 5% above the AED 1,345 three-beds in the community were fetching at the time.

It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, renewed on 15 August 2023, is AED 200,133 a year: a gross yield of 4.5% on the 2024 price, before the service charge of about AED 7,800 a year.

Sales and rents for V066 over time

Sales
Villa V066, 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 2018: AED 3,604,888 (AED 1,127 per sqft)Sold, May 2024: AED 4,500,000 (AED 1,407 per sqft)

V066 has sold twice; the dashed line is the three-bed median of each year in the community.

Rents
Villa V066, 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 2018: AED 160,000 a yearRenewal, August 2019: AED 140,000 a yearNew contract, December 2019: AED 136,633 a yearRenewal, December 2020: AED 136,000 a yearRenewal, December 2021: AED 168,000 a yearRenewal, August 2023: AED 200,133 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 V066 sits

All 41 3-beds →

V066 last sold in May 2024 at AED 1,407 per sqft, 5% above what three-beds in Palma Villa were fetching at the time (AED 1,345).

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 →

V066, Palma Villa in numbers

  • Sold twice: first on 22 April 2018 for AED 3,604,888, last on 24 May 2024 for AED 4,500,000 (AED 1,407 per sqft).
  • Rented since August 2018 on 6 Ejari contracts. The rent fell from AED 160,000 to AED 136,000 in 2020 and recovered to AED 200,133 by August 2023.
  • At AED 200,133 a year the gross yield on the 2024 price is 4.5%, before a service charge of about AED 7,800 a year (AED 2.44 per sqft).

Source: Dubai Land Department. Updated 24 May 2024.

Questions about V066, Palma Villa

What did villa V066 last sell for?

AED 4,500,000 on 24 May 2024: AED 1,407 per sqft for 3,197 sqft. The villa has 2 registered sales; the first was AED 3,604,888 in April 2018.

What is the rent for villa V066?

AED 200,133 a year on the contract renewed on 15 August 2023. The previous contract, from December 2021, was AED 168,000; the villa has been rented since August 2018.

How big is villa V066?

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

What is villa V066 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 V066, Palma Villa

Starts from the last sale price (AED 4.5M, 24 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 4,500,000
Deposit, UAE resident (20%)
AED 900,000
Deposit, non-resident (40%)
AED 1,800,000
Monthly over 25 years at 3.7%
AED 18,411

Plus AED 194,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →