Home
Dubai prices
About
Research
2-bed · 1,429 sqftPalmera 1, Arabian Ranches · completed 2008

TH005, Palmera 1

Sold prices and rental history: sold 3 times, last in June 2011, and rented once, from July 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH005 · DLD and Ejari recordsUpdated 15 July 2013
Last soldAED 1.6M7 June 2011
Current rentAED 134K /yr15 July 2013
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow TH005

Property timeline for TH005, Palmera 1

What is TH005 worth today?

Last sold for AED 1,600,000 in 2011

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

15 Jul 2013RentedNew contract
AED 134,381/yr11 months · AED 55 per sqft
7 Jun 2011SoldReady
AED 1,600,000AED 1,119 per sqft
16 Mar 2009Sold by developerReady
AED 980,888AED 686 per sqft
16 Mar 2009SoldReady
AED 2,100,000AED 1,469 per sqft

Source: Dubai Land Department. Updated 15 July 2013.

Key facts

Type
2-bed villa
Size
1,429 sqft
Developer
Emaar
Completed
2008
Service charge
AED 4,400 /yr
Last sold
AED 1.6M · June 2011
Community
Palmera 1

About TH005, Palmera 1

TH005 is a two-bedroom villa of 1,429 sqft in Palmera 1, a villa community in Arabian Ranches completed in 2008 by Emaar. It last sold on 7 June 2011 for AED 1,600,000, or AED 1,119 per sqft, 80% above the AED 623 two-beds in the community were fetching at the time.

One Ejari contract is registered, from 15 July 2013. The current contract, signed on 15 July 2013, is AED 134,381 a year: a gross yield of 8.4% on the 2011 price, before the service charge of about AED 4,400 a year.

Sales and rents for TH005 over time

Sales
Villa TH005, 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, March 2009: AED 980,888 (AED 686 per sqft)Sold, March 2009: AED 2,100,000 (AED 1,469 per sqft)Sold, June 2011: AED 1,600,000 (AED 1,119 per sqft)

TH005 has sold 3 times; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH005, 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, July 2013: AED 134,381 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 TH005 sits

All 100 2-beds →

TH005 last sold in June 2011 at AED 1,119 per sqft, 80% above what two-beds in Palmera 1 were fetching at the time (AED 623). 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. TH005's AED 134,381 is in the lower half 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 →

TH005, Palmera 1 in numbers

  • Sold 3 times: first on 16 March 2009 for AED 2,100,000, last on 7 June 2011 for AED 1,600,000 (AED 1,119 per sqft).
  • Rented since July 2013 on one Ejari contract, at AED 134,381 a year.
  • At AED 134,381 a year the gross yield on the 2011 price is 8.4%, before a service charge of about AED 4,400 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 15 July 2013.

Questions about TH005, Palmera 1

What did villa TH005 last sell for?

AED 1,600,000 on 7 June 2011: AED 1,119 per sqft for 1,429 sqft. The villa has 3 registered sales; the first was AED 2,100,000 in March 2009.

What is the rent for villa TH005?

AED 134,381 a year on the contract signed on 15 July 2013.

How big is villa TH005?

1,429 sqft (132.8 sqm): a two-bedroom villa in Palmera 1, completed in 2008.

What is villa TH005 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.

Selling TH005? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on TH005, Palmera 1

Starts from the last sale price (AED 1.6M, 7 June 2011). Switch to today's estimate once you have unlocked it.
Price
AED 1,600,000
Deposit, UAE resident (20%)
AED 320,000
Deposit, non-resident (40%)
AED 640,000
Monthly over 25 years at 3.7%
AED 6,546

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