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

V118, Palma Villa

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

Villa V118 · DLD and Ejari recordsUpdated 24 January 2022
Last soldAED 3.93M24 January 2022
Current rentAED 230K /yr1 December 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for V118, Palma Villa

What is V118 worth today?

Last sold for AED 3,925,000 in 2022

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24 Jan 2022SoldReady
AED 3,925,000AED 1,094 per sqft
1 Dec 2020RentedNew contract
AED 230,000/yr12 months · AED 64 per sqft
25 Oct 2019RentedRenewal
AED 185,000/yr12 months · AED 52 per sqft
25 Oct 2018RentedNew contract
AED 185,000/yr12 months · AED 52 per sqft
5 Aug 2016RentedNew contract
AED 240,000/yr12 months · AED 67 per sqft
13 Apr 2016Sold by developerOff-plan
AED 4,460,888AED 1,244 per sqft

Source: Dubai Land Department. Updated 24 January 2022.

Key facts

Type
5-bed villa
Size
3,586 sqft
Developer
Emaar
Completed
2016
Service charge
AED 8,700 /yr
Last sold
AED 3.93M · January 2022
Community
Palma Villa

About V118, Palma Villa

V118 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 24 January 2022 for AED 3,925,000, or AED 1,094 per sqft.

It has been rented continuously since 2016 on 4 Ejari contracts. The current contract, signed on 1 December 2020, is AED 230,000 a year: a gross yield of 5.9% on the 2022 price, before the service charge of about AED 8,700 a year.

Sales and rents for V118 over time

Sales
Villa V118, each saleTypical five-bed in Palma Villa
4M5M2014201720202023Typical 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, April 2016: AED 4,460,888 (AED 1,244 per sqft)Sold, January 2022: AED 3,925,000 (AED 1,094 per sqft)

V118 has sold twice; the dashed line is the five-bed median of each year in the community.

Rents
Villa V118, 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, August 2016: AED 240,000 a yearNew contract, October 2018: AED 185,000 a yearRenewal, October 2019: AED 185,000 a yearNew contract, December 2020: AED 230,000 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 V118 sits

All 40 5-beds →

V118's AED 230,000 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 →

V118, Palma Villa in numbers

  • Sold twice: first on 13 April 2016 for AED 4,460,888, last on 24 January 2022 for AED 3,925,000 (AED 1,094 per sqft).
  • Rented since August 2016 on 4 Ejari contracts. The rent fell from AED 240,000 to AED 185,000 in 2019 and recovered to AED 230,000 by December 2020.
  • At AED 230,000 a year the gross yield on the 2022 price is 5.9%, before a service charge of about AED 8,700 a year (AED 2.44 per sqft).

Source: Dubai Land Department. Updated 24 January 2022.

Questions about V118, Palma Villa

What did villa V118 last sell for?

AED 3,925,000 on 24 January 2022: AED 1,094 per sqft for 3,586 sqft. The villa has 2 registered sales; the first was AED 4,460,888 in April 2016.

What is the rent for villa V118?

AED 230,000 a year on the contract signed on 1 December 2020. The previous contract, from October 2019, was AED 185,000; the villa has been rented since August 2016.

How big is villa V118?

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

What is villa V118 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 V118, Palma Villa

Starts from the last sale price (AED 3.93M, 24 January 2022). Switch to today's estimate once you have unlocked it.
Price
AED 3,925,000
Deposit, UAE resident (20%)
AED 785,000
Deposit, non-resident (40%)
AED 1,570,000
Monthly over 25 years at 3.7%
AED 16,058

Plus AED 169,860 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →