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4-bed · 3,645 sqftPalma Villa, Arabian Ranches 2 · completed 2016

V103, Palma Villa

Sold prices and rental history: sold once, by the developer in June 2015, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V103 · DLD and Ejari recordsUpdated 1 May 2024
Last soldAED 4.23M29 June 2015
Current rentAED 222K /yr1 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for V103, Palma Villa

What is V103 worth today?

Last sold for AED 4,230,888 in 2015

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1 May 2024RentedRenewal
AED 222,000/yr12 months · AED 61 per sqft
1 May 2023RentedRenewal
AED 185,000/yr12 months · AED 51 per sqft
21 Jul 2020RentedRenewal
AED 148,000/yr12 months · AED 41 per sqft
21 Jul 2019RentedNew contract
AED 157,000/yr12 months · AED 43 per sqft
20 Jul 2018RentedNew contract
AED 190,000/yr12 months · AED 52 per sqft
4 Aug 2017RentedRenewal
AED 210,000/yr12 months · AED 58 per sqft
4 Aug 2016RentedNew contract
AED 220,000/yr12 months · AED 60 per sqft
29 Jun 2015Sold by developerOff-plan
AED 4,230,888AED 1,160 per sqft

Source: Dubai Land Department. Updated 1 May 2024.

Key facts

Type
4-bed villa
Size
3,645 sqft
Developer
Emaar
Completed
2016
Service charge
AED 8,900 /yr
Last sold
AED 4.23M · June 2015
Community
Palma Villa

About V103, Palma Villa

V103 is a four-bedroom villa of 3,645 sqft in Palma Villa, a villa community in Arabian Ranches 2 completed in 2016 by Emaar. The developer sold it on 29 June 2015 for AED 4,230,888, or AED 1,160 per sqft, in line with the AED 1,149 four-beds in the community were fetching at the time.

It has been rented continuously since 2016 on 7 Ejari contracts. The current contract, renewed on 1 May 2024, is AED 222,000 a year: a gross yield of 5.3% on the 2015 price, before the service charge of about AED 8,900 a year.

Sales and rents for V103 over time

Sales
Villa V103, 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, June 2015: AED 4,230,888 (AED 1,160 per sqft)

V103 has sold once; the dashed line is the four-bed median of each year in the community.

Rents
Villa V103, 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, August 2016: AED 220,000 a yearRenewal, August 2017: AED 210,000 a yearNew contract, July 2018: AED 190,000 a yearNew contract, July 2019: AED 157,000 a yearRenewal, July 2020: AED 148,000 a yearRenewal, May 2023: AED 185,000 a yearRenewal, May 2024: AED 222,000 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 V103 sits

All 40 4-beds →

V103 last sold in June 2015 at AED 1,160 per sqft, in line with what four-beds in Palma Villa were fetching at the time (AED 1,149). 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. V103's AED 222,000 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 →

V103, Palma Villa in numbers

  • Sold once: by Emaar on 29 June 2015 for AED 4,230,888, or AED 1,160 per sqft.
  • Rented since August 2016 on 7 Ejari contracts. The rent fell from AED 220,000 to AED 148,000 in 2020 and recovered to AED 222,000 by May 2024.
  • At AED 222,000 a year the gross yield on the 2015 price is 5.3%, before a service charge of about AED 8,900 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 May 2024.

Questions about V103, Palma Villa

What did villa V103 last sell for?

AED 4,230,888 on 29 June 2015, sold by the developer: AED 1,160 per sqft for 3,645 sqft. It is the only registered sale of the villa.

What is the rent for villa V103?

AED 222,000 a year on the contract renewed on 1 May 2024. The previous contract, from May 2023, was AED 185,000; the villa has been rented since August 2016.

How big is villa V103?

3,645 sqft (338.6 sqm): a four-bedroom villa in Palma Villa, completed in 2016.

What is villa V103 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 V103, Palma Villa

Starts from the last sale price (AED 4.23M, 29 June 2015). Switch to today's estimate once you have unlocked it.
Price
AED 4,230,888
Deposit, UAE resident (20%)
AED 846,178
Deposit, non-resident (40%)
AED 1,692,355
Monthly over 25 years at 3.7%
AED 17,310

Plus AED 182,708 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →