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3-bed · 3,241 sqftPalmera 1, Arabian Ranches · completed 2008

TH001, Palmera 1

Sold prices and rental history: sold 3 times, last in May 2015, and rented since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH001 · DLD and Ejari recordsUpdated 12 May 2015
Last soldAED 3.5M12 May 2015
Current rentAED 200K /yr26 February 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH001, Palmera 1

What is TH001 worth today?

Last sold for AED 3,500,000 in 2015

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12 May 2015SoldReady
AED 3,500,000AED 1,080 per sqft
26 Feb 2014RentedNew contract
AED 200,000/yr12 months · AED 62 per sqft
15 Jul 2012RentedNew contract
AED 135,000/yr12 months · AED 42 per sqft
24 Sep 2008Sold by developerReady
AED 5,170,000AED 3,104 per sqft
24 Sep 2008SoldReady
AED 1,419,888AED 852 per sqft

Source: Dubai Land Department. Updated 12 May 2015.

Key facts

Type
3-bed villa
Size
3,241 sqft
Developer
Emaar
Completed
2008
Service charge
AED 10,000 /yr
Last sold
AED 3.5M · May 2015
Community
Palmera 1

About TH001, Palmera 1

TH001 is a three-bedroom villa of 3,241 sqft in Palmera 1, a villa community in Arabian Ranches completed in 2008 by Emaar. It last sold on 12 May 2015 for AED 3,500,000, or AED 1,080 per sqft, in line with the AED 1,080 three-beds in the community were fetching at the time.

It has been rented since 2012 on 2 Ejari contracts. The current contract, signed on 26 February 2014, is AED 200,000 a year: a gross yield of 5.7% on the 2015 price, before the service charge of about AED 10,000 a year.

Sales and rents for TH001 over time

Sales
Villa TH001, each saleTypical three-bed in Palmera 1
2.5M5M2008201320182023Typical sale price by year: 2008 AED 1,350,888; 2009 AED 1,351,888; 2010 AED 1,335,888; 2011 AED 1,383,388; 2012 AED 1,418,888; 2013 AED 2,900,000; 2015 AED 3,150,000; 2019 AED 2,050,000; 2020 AED 2,300,000; 2021 AED 3,225,000; 2022 AED 3,925,000; 2023 AED 4,325,000; 2025 AED 5,875,000Sold by developer, September 2008: AED 5,170,000 (AED 3,104 per sqft)Sold, September 2008: AED 1,419,888 (AED 852 per sqft)Sold, May 2015: AED 3,500,000 (AED 1,080 per sqft)

TH001 has sold 3 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa TH001, each contractTypical three-bed in Palmera 1
200K300K2012201620202024Typical rent by year: 2012 AED 170,000; 2013 AED 187,500; 2014 AED 215,000; 2015 AED 210,000; 2016 AED 217,500; 2017 AED 188,750; 2018 AED 177,535; 2019 AED 165,000; 2020 AED 150,000; 2021 AED 152,000; 2022 AED 175,000; 2023 AED 209,719; 2024 AED 234,070; 2025 AED 260,000; 2026 AED 300,000New contract, July 2012: AED 135,000 a yearNew contract, February 2014: AED 200,000 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 Palmera 1, and where TH001 sits

All 49 3-beds →

TH001 last sold in May 2015 at AED 1,080 per sqft, in line with what three-beds in Palmera 1 were fetching at the time (AED 1,080). Over the last 12 months three-beds sold for AED 6,250,000 to 6,400,000, around AED 1,928 per sqft, and rent for AED 240,000 to 350,000 a year. TH001's AED 200,000 is at the bottom of that range.

Recent 3-bed salesVilla no.Price (AED)Summary
16 Jan 20266,250,000
8 Jan 20266,250,000
10 Dec 20256,400,000
21 Oct 20256,350,000
3 3-bed sales in the last 12 months

Palmera 1

Community

149 villas, 2-bed to 3-bed in Arabian Ranches, completed in 2008 by Emaar. 6 sold in the last 12 months.

Typical price per sqft
AED 1,983
Typical sale
AED 6.23M
Typical rent
AED 200K /yr
Typical yield
4.4%
Palmera 1, Arabian Ranches: prices, sales and rents →

TH001, Palmera 1 in numbers

  • Sold 3 times: first on 24 September 2008 for AED 1,419,888, last on 12 May 2015 for AED 3,500,000 (AED 1,080 per sqft).
  • Rented since July 2012 on 2 Ejari contracts, from AED 135,000 to AED 200,000 a year.
  • At AED 200,000 a year the gross yield on the 2015 price is 5.7%, before a service charge of about AED 10,000 a year (AED 3.08 per sqft).
  • Three-beds in Palmera 1 sold for AED 6,250,000–6,400,000 in the 12 months to November 2026; the community's median across all types is AED 1,983 per sqft.

Source: Dubai Land Department. Updated 12 May 2015.

Questions about TH001, Palmera 1

What did villa TH001 last sell for?

AED 3,500,000 on 12 May 2015: AED 1,080 per sqft for 3,241 sqft. The villa has 3 registered sales; the first was AED 1,419,888 in September 2008.

What is the rent for villa TH001?

AED 200,000 a year on the contract signed on 26 February 2014. The previous contract, from July 2012, was AED 135,000.

How big is villa TH001?

3,241 sqft (301.1 sqm): a three-bedroom villa in Palmera 1, completed in 2008.

What is villa TH001 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Palmera 1 sold for AED 6,250,000 to 6,400,000 in the last 12 months, around AED 1,928 per sqft.

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Mortgage on TH001, Palmera 1

Starts from the last sale price (AED 3.5M, 12 May 2015). Switch to today's estimate once you have unlocked it.
Price
AED 3,500,000
Deposit, UAE resident (20%)
AED 700,000
Deposit, non-resident (40%)
AED 1,400,000
Monthly over 25 years at 3.7%
AED 14,320

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →