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2-bed · 2,439 sqftPalmera 1, Arabian Ranches · completed 2008

TH008, Palmera 1

Sold prices and rental history: sold 3 times, last in May 2020, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH008 · DLD and Ejari recordsUpdated 1 November 2020
Last soldAED 1.67M21 May 2020
Current rentAED 125K /yr1 November 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH008, Palmera 1

What is TH008 worth today?

Last sold for AED 1,670,000 in 2020

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1 Nov 2020RentedNew contract
AED 125,000/yr12 months · AED 51 per sqft
21 May 2020SoldReady
AED 1,670,000AED 684 per sqft
1 Nov 2019RentedRenewal
AED 140,000/yr12 months · AED 57 per sqft
1 Nov 2017RentedNew contract
AED 140,000/yr12 months · AED 57 per sqft
14 Oct 2016RentedRenewal
AED 166,000/yr12 months · AED 68 per sqft
14 Oct 2015RentedNew contract
AED 170,000/yr12 months · AED 70 per sqft
12 Jan 2012SoldReady
AED 1,800,000AED 1,237 per sqft
21 Jun 2009Sold by developerReady
AED 488,444AED 335 per sqft

Source: Dubai Land Department. Updated 1 November 2020.

Key facts

Type
2-bed villa
Size
2,439 sqft
Developer
Emaar
Completed
2008
Service charge
AED 7,500 /yr
Last sold
AED 1.67M · May 2020
Community
Palmera 1

About TH008, Palmera 1

TH008 is a two-bedroom villa of 2,439 sqft in Palmera 1, a villa community in Arabian Ranches completed in 2008 by Emaar. It last sold on 21 May 2020 for AED 1,670,000, or AED 684 per sqft, 4% below the AED 711 two-beds in the community were fetching at the time.

It has been rented continuously since 2015 on 5 Ejari contracts. The current contract, signed on 1 November 2020, is AED 125,000 a year: a gross yield of 7.5% on the 2020 price, before the service charge of about AED 7,500 a year.

Sales and rents for TH008 over time

Sales
Villa TH008, each saleTypical two-bed in Palmera 1
02M4M2008201320182023Typical 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, June 2009: AED 488,444 (AED 335 per sqft)Sold, January 2012: AED 1,800,000 (AED 1,237 per sqft)Sold, May 2020: AED 1,670,000 (AED 684 per sqft)

TH008 has sold 3 times; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH008, 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, October 2015: AED 170,000 a yearRenewal, October 2016: AED 166,000 a yearNew contract, November 2017: AED 140,000 a yearRenewal, November 2019: AED 140,000 a yearNew contract, November 2020: AED 125,000 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 TH008 sits

All 100 2-beds →

TH008 last sold in May 2020 at AED 684 per sqft, 4% below what two-beds in Palmera 1 were fetching at the time (AED 711). 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. TH008's AED 125,000 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 →

TH008, Palmera 1 in numbers

  • Sold 3 times: first on 21 June 2009 for AED 488,444, last on 21 May 2020 for AED 1,670,000 (AED 684 per sqft).
  • Rented since October 2015 on 5 Ejari contracts, from AED 170,000 to AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2020 price is 7.5%, before a service charge of about AED 7,500 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 November 2020.

Questions about TH008, Palmera 1

What did villa TH008 last sell for?

AED 1,670,000 on 21 May 2020: AED 684 per sqft for 2,439 sqft. The villa has 3 registered sales; the first was AED 488,444 in June 2009.

What is the rent for villa TH008?

AED 125,000 a year on the contract signed on 1 November 2020. The previous contract, from November 2019, was AED 140,000; the villa has been rented since October 2015.

How big is villa TH008?

2,439 sqft (226.6 sqm): a two-bedroom villa in Palmera 1, completed in 2008.

What is villa TH008 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 TH008, Palmera 1

Starts from the last sale price (AED 1.67M, 21 May 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,670,000
Deposit, UAE resident (20%)
AED 334,000
Deposit, non-resident (40%)
AED 668,000
Monthly over 25 years at 3.7%
AED 6,832

Plus AED 75,150 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →