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

V088, Palma Villa

Sold prices and rental history: sold once, by the developer in July 2016, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V088 · DLD and Ejari recordsUpdated 1 February 2023
Last soldAED 4.22M26 July 2016
Current rentAED 250K /yr1 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V088, Palma Villa

What is V088 worth today?

Last sold for AED 4,215,888 in 2016

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1 Feb 2023RentedRenewal
AED 250,000/yr12 months · AED 70 per sqft
1 Feb 2022RentedRenewal
AED 200,000/yr12 months · AED 56 per sqft
1 Feb 2021RentedNew contract
AED 175,000/yr12 months · AED 49 per sqft
1 Feb 2020RentedRenewal
AED 185,000/yr12 months · AED 52 per sqft
1 Feb 2019RentedRenewal
AED 190,000/yr12 months · AED 53 per sqft
1 Feb 2017RentedNew contract
AED 200,000/yr12 months · AED 56 per sqft
26 Jul 2016Sold by developerReady
AED 4,215,888AED 1,174 per sqft

Source: Dubai Land Department. Updated 1 February 2023.

Key facts

Type
4-bed villa
Size
3,589 sqft
Developer
Emaar
Completed
2016
Service charge
AED 8,800 /yr
Last sold
AED 4.22M · July 2016
Community
Palma Villa

About V088, Palma Villa

V088 is a four-bedroom villa of 3,589 sqft in Palma Villa, a villa community in Arabian Ranches 2 completed in 2016 by Emaar. The developer sold it on 26 July 2016 for AED 4,215,888, or AED 1,174 per sqft, in line with the AED 1,159 four-beds in the community were fetching at the time.

It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, renewed on 1 February 2023, is AED 250,000 a year: a gross yield of 5.9% on the 2016 price, before the service charge of about AED 8,800 a year.

Sales and rents for V088 over time

Sales
Villa V088, 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 2016: AED 4,215,888 (AED 1,174 per sqft)

V088 has sold once; the dashed line is the four-bed median of each year in the community.

Rents
Villa V088, 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, February 2017: AED 200,000 a yearRenewal, February 2019: AED 190,000 a yearRenewal, February 2020: AED 185,000 a yearNew contract, February 2021: AED 175,000 a yearRenewal, February 2022: AED 200,000 a yearRenewal, February 2023: AED 250,000 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 V088 sits

All 40 4-beds →

V088 last sold in July 2016 at AED 1,174 per sqft, in line with what four-beds in Palma Villa were fetching at the time (AED 1,159). 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. V088's AED 250,000 is in the lower half 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 →

V088, Palma Villa in numbers

  • Sold once: by Emaar on 26 July 2016 for AED 4,215,888, or AED 1,174 per sqft.
  • Rented since February 2017 on 6 Ejari contracts. The rent fell from AED 200,000 to AED 175,000 in 2021 and recovered to AED 250,000 by February 2023.
  • At AED 250,000 a year the gross yield on the 2016 price is 5.9%, 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 1 February 2023.

Questions about V088, Palma Villa

What did villa V088 last sell for?

AED 4,215,888 on 26 July 2016, sold by the developer: AED 1,174 per sqft for 3,589 sqft. It is the only registered sale of the villa.

What is the rent for villa V088?

AED 250,000 a year on the contract renewed on 1 February 2023. The previous contract, from February 2022, was AED 200,000; the villa has been rented since February 2017.

How big is villa V088?

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

What is villa V088 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 V088, Palma Villa

Starts from the last sale price (AED 4.22M, 26 July 2016). Switch to today's estimate once you have unlocked it.
Price
AED 4,215,888
Deposit, UAE resident (20%)
AED 843,178
Deposit, non-resident (40%)
AED 1,686,355
Monthly over 25 years at 3.7%
AED 17,249

Plus AED 182,078 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →