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2-bed · 2,158 sqftPalmera 1, Arabian Ranches · completed 2008

TH004, Palmera 1

Sold prices and rental history: sold twice, last in September 2015, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH004 · DLD and Ejari recordsUpdated 1 July 2022
Last soldAED 2.4M3 September 2015
Current rentAED 100K /yr1 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH004, Palmera 1

What is TH004 worth today?

Last sold for AED 2,400,000 in 2015

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1 Jul 2022RentedNew contract
AED 100,000/yr12 months · AED 46 per sqft
1 Jul 2021RentedNew contract
AED 100,000/yr12 months · AED 46 per sqft
20 Jun 2020RentedRenewal
AED 100,000/yr12 months · AED 46 per sqft
20 Jun 2019RentedNew contract
AED 100,000/yr12 months · AED 46 per sqft
3 Sep 2015SoldReady
AED 2,400,000AED 1,111 per sqft
3 Oct 2014RentedNew contract
AED 165,000/yr12 months · AED 76 per sqft
18 Nov 2013RentedNew contract
AED 150,000/yr12 months · AED 69 per sqft
8 Feb 2011Sold by developerReady
AED 941,000AED 492 per sqft

Source: Dubai Land Department. Updated 1 July 2022.

Key facts

Type
2-bed villa
Size
2,158 sqft
Developer
Emaar
Completed
2008
Service charge
AED 6,600 /yr
Last sold
AED 2.4M · September 2015
Community
Palmera 1

About TH004, Palmera 1

TH004 is a two-bedroom villa of 2,158 sqft in Palmera 1, a villa community in Arabian Ranches completed in 2008 by Emaar. It last sold on 3 September 2015 for AED 2,400,000, or AED 1,111 per sqft, 4% above the AED 1,072 two-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, signed on 1 July 2022, is AED 100,000 a year: a gross yield of 4.2% on the 2015 price, before the service charge of about AED 6,600 a year.

Sales and rents for TH004 over time

Sales
Villa TH004, each saleTypical two-bed in Palmera 1
2M4M2008201320182023Typical sale price by year: 2008 AED 1,067,888; 2009 AED 981,888; 2010 AED 1,056,444; 2011 AED 991,888; 2012 AED 1,450,000; 2013 AED 1,962,500; 2014 AED 2,675,000; 2015 AED 2,243,000; 2017 AED 2,352,500; 2018 AED 1,900,000; 2019 AED 1,900,000; 2020 AED 1,670,000; 2021 AED 2,100,000; 2022 AED 2,500,000; 2023 AED 2,805,000; 2024 AED 2,950,000; 2025 AED 4,425,000Sold by developer, February 2011: AED 941,000 (AED 492 per sqft)Sold, September 2015: AED 2,400,000 (AED 1,111 per sqft)

TH004 has sold twice; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH004, each contractTypical two-bed in Palmera 1
100K150K2012201620202024Typical rent by year: 2012 AED 120,000; 2013 AED 137,500; 2014 AED 160,000; 2015 AED 168,000; 2016 AED 163,000; 2017 AED 150,000; 2018 AED 140,000; 2019 AED 130,000; 2020 AED 100,000; 2021 AED 110,000; 2022 AED 120,000; 2023 AED 142,500; 2024 AED 160,000; 2025 AED 174,250; 2026 AED 170,000New contract, November 2013: AED 150,000 a yearNew contract, October 2014: AED 165,000 a yearNew contract, June 2019: AED 100,000 a yearRenewal, June 2020: AED 100,000 a yearNew contract, July 2021: AED 100,000 a yearNew contract, July 2022: AED 100,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the community.

2-beds in Palmera 1, and where TH004 sits

All 100 2-beds →

TH004 last sold in September 2015 at AED 1,111 per sqft, 4% above what two-beds in Palmera 1 were fetching at the time (AED 1,072). Over the last 12 months two-beds sold for AED 4,850,000 to 6,200,000, around AED 2,214 per sqft, and rent for AED 133,456 to 264,000 a year. TH004's AED 100,000 is at the bottom of that range.

Recent 2-bed salesVilla no.Price (AED)Summary
14 Jan 20265,400,000
29 Dec 20256,200,000
4 Dec 20254,850,000
12 Sep 20254,600,000
3 2-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 →

TH004, Palmera 1 in numbers

  • Sold twice: first on 8 February 2011 for AED 941,000, last on 3 September 2015 for AED 2,400,000 (AED 1,111 per sqft).
  • Rented since November 2013 on 6 Ejari contracts, from AED 150,000 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2015 price is 4.2%, before a service charge of about AED 6,600 a year (AED 3.08 per sqft).
  • Two-beds in Palmera 1 sold for AED 4,850,000–6,200,000 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 1 July 2022.

Questions about TH004, Palmera 1

What did villa TH004 last sell for?

AED 2,400,000 on 3 September 2015: AED 1,111 per sqft for 2,158 sqft. The villa has 2 registered sales; the first was AED 941,000 in February 2011.

What is the rent for villa TH004?

AED 100,000 a year on the contract signed on 1 July 2022. The previous contract, from July 2021, was AED 100,000; the villa has been rented since November 2013.

How big is villa TH004?

2,158 sqft (200.5 sqm): a two-bedroom villa in Palmera 1, completed in 2008.

What is villa TH004 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Palmera 1 sold for AED 4,850,000 to 6,200,000 in the last 12 months, around AED 2,214 per sqft.

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Mortgage on TH004, Palmera 1

Starts from the last sale price (AED 2.4M, 3 September 2015). Switch to today's estimate once you have unlocked it.
Price
AED 2,400,000
Deposit, UAE resident (20%)
AED 480,000
Deposit, non-resident (40%)
AED 960,000
Monthly over 25 years at 3.7%
AED 9,819

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