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2-bed · 1,365 sqftPalmera 1, Arabian Ranches · completed 2008

TH020, Palmera 1

Sold prices and rental history: sold once, by the developer in May 2010, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH020 · DLD and Ejari recordsUpdated 25 January 2024
Last soldAED 1000K10 May 2010
Current rentAED 190K /yr25 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH020, Palmera 1

What is TH020 worth today?

Last sold for AED 999,888 in 2010

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25 Jan 2024RentedNew contract
AED 190,000/yr12 months · AED 78 per sqft
15 Feb 2021RentedRenewal
AED 110,000/yr24 months · AED 45 per sqft
15 Feb 2017RentedNew contract
AED 72,500/yr24 months · AED 30 per sqft
1 Jun 2014RentedNew contract
AED 160,000/yr12 months · AED 66 per sqft
28 Nov 2012RentedNew contract
AED 140,000/yr12 months · AED 57 per sqft
10 May 2010Sold by developerReady
AED 999,888AED 732 per sqft

Source: Dubai Land Department. Updated 25 January 2024.

Key facts

Type
2-bed villa
Size
1,365 sqft
Developer
Emaar
Completed
2008
Service charge
AED 4,200 /yr
Last sold
AED 1000K · May 2010
Community
Palmera 1

About TH020, Palmera 1

TH020 is a two-bedroom villa of 1,365 sqft in Palmera 1, a villa community in Arabian Ranches completed in 2008 by Emaar. The developer sold it on 10 May 2010 for AED 999,888, or AED 732 per sqft, 39% above the AED 525 two-beds in the community were fetching at the time.

It has been rented continuously since 2012 on 5 Ejari contracts. The current contract, signed on 25 January 2024, is AED 190,000 a year: a gross yield of 19.0% on the 2010 price, before the service charge of about AED 4,200 a year.

Sales and rents for TH020 over time

Sales
Villa TH020, 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, May 2010: AED 999,888 (AED 732 per sqft)

TH020 has sold once; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH020, each contractTypical two-bed in Palmera 1
100K200K2012201620202024Typical 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 2012: AED 140,000 a yearNew contract, June 2014: AED 160,000 a yearNew contract, February 2017: AED 72,500 a yearRenewal, February 2021: AED 110,000 a yearNew contract, January 2024: AED 190,000 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 TH020 sits

All 100 2-beds →

TH020 last sold in May 2010 at AED 732 per sqft, 39% above what two-beds in Palmera 1 were fetching at the time (AED 525). 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. TH020's AED 190,000 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 →

TH020, Palmera 1 in numbers

  • Sold once: by Emaar on 10 May 2010 for AED 999,888, or AED 732 per sqft.
  • Rented since November 2012 on 5 Ejari contracts. The rent fell from AED 140,000 to AED 72,500 in 2017 and recovered to AED 190,000 by January 2024.
  • At AED 190,000 a year the gross yield on the 2010 price is 19.0%, before a service charge of about AED 4,200 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 25 January 2024.

Questions about TH020, Palmera 1

What did villa TH020 last sell for?

AED 999,888 on 10 May 2010, sold by the developer: AED 732 per sqft for 1,365 sqft. It is the only registered sale of the villa.

What is the rent for villa TH020?

AED 190,000 a year on the contract signed on 25 January 2024. The previous contract, from February 2021, was AED 110,000; the villa has been rented since November 2012.

How big is villa TH020?

1,365 sqft (126.8 sqm): a two-bedroom villa in Palmera 1, completed in 2008.

What is villa TH020 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 TH020, Palmera 1

Starts from the last sale price (AED 1000K, 10 May 2010). Switch to today's estimate once you have unlocked it.
Price
AED 999,888
Deposit, UAE resident (20%)
AED 199,978
Deposit, non-resident (40%)
AED 399,955
Monthly over 25 years at 3.7%
AED 4,091

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