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3-bed · 1,502 sqftPalmera 1, Arabian Ranches · completed 2008

TH018, Palmera 1

Sold prices and rental history: sold once, by the developer in September 2012, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH018 · DLD and Ejari recordsUpdated 9 October 2024
Last soldAED 1.3M30 September 2012
Current rentAED 250K /yr9 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH018, Palmera 1

What is TH018 worth today?

Last sold for AED 1,296,888 in 2012

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9 Oct 2024RentedRenewal
AED 250,000/yr12 months · AED 77 per sqft
9 Oct 2023RentedNew contract
AED 240,000/yr12 months · AED 74 per sqft
14 Jun 2023RentedRenewal
AED 240,000/yr12 months · AED 74 per sqft
14 Jun 2022RentedNew contract
AED 210,000/yr12 months · AED 65 per sqft
22 Apr 2021RentedRenewal
AED 150,000/yr12 months · AED 46 per sqft
22 Apr 2020RentedRenewal
AED 145,000/yr12 months · AED 45 per sqft
22 Apr 2019RentedRenewal
AED 164,000/yr12 months · AED 51 per sqft
22 Apr 2017RentedNew contract
AED 210,000/yr12 months · AED 65 per sqft

Source: Dubai Land Department. Updated 9 October 2024.

Key facts

Type
3-bed villa
Size
1,502 sqft
Developer
Emaar
Completed
2008
Service charge
AED 4,600 /yr
Last sold
AED 1.3M · September 2012
Community
Palmera 1

About TH018, Palmera 1

TH018 is a three-bedroom villa of 1,502 sqft in Palmera 1, a villa community in Arabian Ranches completed in 2008 by Emaar. The developer sold it on 30 September 2012 for AED 1,296,888, or AED 863 per sqft, 6% below the AED 914 three-beds in the community were fetching at the time.

It has been rented continuously since 2014 on 11 Ejari contracts. The current contract, renewed on 9 October 2024, is AED 250,000 a year: a gross yield of 19.3% on the 2012 price, before the service charge of about AED 4,600 a year.

Sales and rents for TH018 over time

Sales
Villa TH018, 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 2012: AED 1,296,888 (AED 863 per sqft)

TH018 has sold once; the dashed line is the three-bed median of each year in the community.

Rents
Villa TH018, 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, April 2014: AED 204,750 a yearNew contract, April 2015: AED 210,000 a yearNew contract, April 2016: AED 210,000 a yearNew contract, April 2017: AED 210,000 a yearRenewal, April 2019: AED 164,000 a yearRenewal, April 2020: AED 145,000 a yearRenewal, April 2021: AED 150,000 a yearNew contract, June 2022: AED 210,000 a yearRenewal, June 2023: AED 240,000 a yearNew contract, October 2023: AED 240,000 a yearRenewal, October 2024: AED 250,000 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 TH018 sits

All 49 3-beds →

TH018 last sold in September 2012 at AED 863 per sqft, 6% below what three-beds in Palmera 1 were fetching at the time (AED 914). 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. TH018's AED 250,000 is in the lower half 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 →

TH018, Palmera 1 in numbers

  • Sold once: by Emaar on 30 September 2012 for AED 1,296,888, or AED 863 per sqft.
  • Rented since April 2014 on 11 Ejari contracts. The rent fell from AED 204,750 to AED 145,000 in 2020 and recovered to AED 250,000 by October 2024.
  • At AED 250,000 a year the gross yield on the 2012 price is 19.3%, before a service charge of about AED 4,600 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 9 October 2024.

Questions about TH018, Palmera 1

What did villa TH018 last sell for?

AED 1,296,888 on 30 September 2012, sold by the developer: AED 863 per sqft for 1,502 sqft. It is the only registered sale of the villa.

What is the rent for villa TH018?

AED 250,000 a year on the contract renewed on 9 October 2024. The previous contract, from October 2023, was AED 240,000; the villa has been rented since April 2014.

How big is villa TH018?

1,502 sqft (139.5 sqm): a three-bedroom villa in Palmera 1, completed in 2008.

What is villa TH018 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 TH018, Palmera 1

Starts from the last sale price (AED 1.3M, 30 September 2012). Switch to today's estimate once you have unlocked it.
Price
AED 1,296,888
Deposit, UAE resident (20%)
AED 259,378
Deposit, non-resident (40%)
AED 518,755
Monthly over 25 years at 3.7%
AED 5,306

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