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

V079, Palma Villa

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

Villa V079 · DLD and Ejari recordsUpdated 1 September 2024
Last soldAED 3.2M23 August 2016
Current rentAED 227K /yr1 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for V079, Palma Villa

What is V079 worth today?

Last sold for AED 3,200,000 in 2016

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1 Sep 2024RentedRenewal
AED 226,800/yr12 months · AED 71 per sqft
1 Sep 2023RentedRenewal
AED 216,000/yr12 months · AED 68 per sqft
1 Sep 2022RentedRenewal
AED 180,000/yr12 months · AED 56 per sqft
1 Sep 2021RentedNew contract
AED 180,000/yr12 months · AED 56 per sqft
1 Sep 2020RentedNew contract
AED 133,000/yr12 months · AED 42 per sqft
5 Nov 2019RentedRenewal
AED 150,000/yr12 months · AED 47 per sqft
5 Nov 2018RentedNew contract
AED 165,000/yr12 months · AED 52 per sqft
8 Jun 2017RentedNew contract
AED 190,000/yr12 months · AED 59 per sqft

Source: Dubai Land Department. Updated 1 September 2024.

Key facts

Type
3-bed villa
Size
3,197 sqft
Developer
Emaar
Completed
2016
Service charge
AED 7,800 /yr
Last sold
AED 3.2M · August 2016
Community
Palma Villa

About V079, Palma Villa

V079 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 August 2016 for AED 3,200,000, or AED 1,001 per sqft, 11% below the AED 1,123 three-beds in the community were fetching at the time.

It has been rented continuously since 2016 on 9 Ejari contracts. The current contract, renewed on 1 September 2024, is AED 226,800 a year: a gross yield of 7.1% on the 2016 price, before the service charge of about AED 7,800 a year.

Sales and rents for V079 over time

Sales
Villa V079, 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, November 2015: AED 3,604,888 (AED 1,127 per sqft)Sold, August 2016: AED 3,200,000 (AED 1,001 per sqft)

V079 has sold twice; the dashed line is the three-bed median of each year in the community.

Rents
Villa V079, 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, June 2016: AED 190,000 a yearNew contract, June 2017: AED 190,000 a yearNew contract, November 2018: AED 165,000 a yearRenewal, November 2019: AED 150,000 a yearNew contract, September 2020: AED 133,000 a yearNew contract, September 2021: AED 180,000 a yearRenewal, September 2022: AED 180,000 a yearRenewal, September 2023: AED 216,000 a yearRenewal, September 2024: AED 226,800 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 V079 sits

All 41 3-beds →

V079 last sold in August 2016 at AED 1,001 per sqft, 11% below what three-beds in Palma Villa were fetching at the time (AED 1,123).

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 →

V079, Palma Villa in numbers

  • Sold twice: first on 3 November 2015 for AED 3,604,888, last on 23 August 2016 for AED 3,200,000 (AED 1,001 per sqft).
  • Rented since June 2016 on 9 Ejari contracts. The rent fell from AED 190,000 to AED 133,000 in 2020 and recovered to AED 226,800 by September 2024.
  • At AED 226,800 a year the gross yield on the 2016 price is 7.1%, before a service charge of about AED 7,800 a year (AED 2.44 per sqft).

Source: Dubai Land Department. Updated 1 September 2024.

Questions about V079, Palma Villa

What did villa V079 last sell for?

AED 3,200,000 on 23 August 2016: AED 1,001 per sqft for 3,197 sqft. The villa has 2 registered sales; the first was AED 3,604,888 in November 2015.

What is the rent for villa V079?

AED 226,800 a year on the contract renewed on 1 September 2024. The previous contract, from September 2023, was AED 216,000; the villa has been rented since June 2016.

How big is villa V079?

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

What is villa V079 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 V079, Palma Villa

Starts from the last sale price (AED 3.2M, 23 August 2016). Switch to today's estimate once you have unlocked it.
Price
AED 3,200,000
Deposit, UAE resident (20%)
AED 640,000
Deposit, non-resident (40%)
AED 1,280,000
Monthly over 25 years at 3.7%
AED 13,092

Plus AED 139,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →