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2-bed · 2,156 sqftPalmera 1, Arabian Ranches · completed 2008

TH016, Palmera 1

Sold prices and rental history: sold 3 times, last in May 2024, and rented once, from January 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH016 · DLD and Ejari recordsUpdated 31 May 2024
Last soldAED 2.8M31 May 2024
Current rentAED 160K /yr31 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH016, Palmera 1

What is TH016 worth today?

Last sold for AED 2,800,000 in 2024

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31 May 2024SoldReady
AED 2,800,000AED 1,298 per sqft
31 Jan 2023RentedNew contract
AED 160,000/yr12 months · AED 74 per sqft
14 Jun 2015SoldReady
AED 2,000,000AED 927 per sqft
14 Aug 2011Sold by developerReady
AED 850,000AED 434 per sqft

Source: Dubai Land Department. Updated 31 May 2024.

Key facts

Type
2-bed villa
Size
2,156 sqft
Developer
Emaar
Completed
2008
Service charge
AED 6,600 /yr
Last sold
AED 2.8M · May 2024
Community
Palmera 1

About TH016, Palmera 1

TH016 is a two-bedroom villa of 2,156 sqft in Palmera 1, a villa community in Arabian Ranches completed in 2008 by Emaar. It last sold on 31 May 2024 for AED 2,800,000, or AED 1,298 per sqft, in line with the AED 1,298 two-beds in the community were fetching at the time.

One Ejari contract is registered, from 31 January 2023. The current contract, signed on 31 January 2023, is AED 160,000 a year: a gross yield of 5.7% on the 2024 price, before the service charge of about AED 6,600 a year.

Sales and rents for TH016 over time

Sales
Villa TH016, 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, August 2011: AED 850,000 (AED 434 per sqft)Sold, June 2015: AED 2,000,000 (AED 927 per sqft)Sold, May 2024: AED 2,800,000 (AED 1,298 per sqft)

TH016 has sold 3 times; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH016, 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, January 2023: AED 160,000 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 TH016 sits

All 100 2-beds →

TH016 last sold in May 2024 at AED 1,298 per sqft, in line with what two-beds in Palmera 1 were fetching at the time (AED 1,298). 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. TH016's AED 160,000 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 →

TH016, Palmera 1 in numbers

  • Sold 3 times: first on 14 August 2011 for AED 850,000, last on 31 May 2024 for AED 2,800,000 (AED 1,298 per sqft).
  • Rented since January 2023 on one Ejari contract, at AED 160,000 a year.
  • At AED 160,000 a year the gross yield on the 2024 price is 5.7%, 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 31 May 2024.

Questions about TH016, Palmera 1

What did villa TH016 last sell for?

AED 2,800,000 on 31 May 2024: AED 1,298 per sqft for 2,156 sqft. The villa has 3 registered sales; the first was AED 850,000 in August 2011.

What is the rent for villa TH016?

AED 160,000 a year on the contract signed on 31 January 2023.

How big is villa TH016?

2,156 sqft (200.3 sqm): a two-bedroom villa in Palmera 1, completed in 2008.

What is villa TH016 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 TH016, Palmera 1

Starts from the last sale price (AED 2.8M, 31 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,800,000
Deposit, UAE resident (20%)
AED 560,000
Deposit, non-resident (40%)
AED 1,120,000
Monthly over 25 years at 3.7%
AED 11,456

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