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2-bed · 1,611 sqftPalmera 1, Arabian Ranches · completed 2008

TH023, Palmera 1

Sold prices and rental history: sold once, by the developer in March 2011, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH023 · DLD and Ejari recordsUpdated 1 March 2025
Last soldAED 992K7 March 2011
Current rentAED 170K /yr1 March 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH023, Palmera 1

What is TH023 worth today?

Last sold for AED 991,888 in 2011

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1 Mar 2025RentedRenewal
AED 170,000/yr12 months · AED 70 per sqft
29 Feb 2024RentedRenewal
AED 160,000/yr12 months · AED 66 per sqft
1 Mar 2023RentedRenewal
AED 140,403/yr12 months · AED 58 per sqft
1 Mar 2022RentedRenewal
AED 120,000/yr12 months · AED 49 per sqft
1 Mar 2019RentedNew contract
AED 130,000/yr12 months · AED 53 per sqft
15 Feb 2018RentedNew contract
AED 140,000/yr12 months · AED 57 per sqft
28 Jan 2015RentedNew contract
AED 180,000/yr12 months · AED 74 per sqft
13 Jan 2014RentedRenewal
AED 160,000/yr12 months · AED 66 per sqft

Source: Dubai Land Department. Updated 1 March 2025.

Key facts

Type
2-bed villa
Size
1,611 sqft
Developer
Emaar
Completed
2008
Service charge
AED 5,000 /yr
Last sold
AED 992K · March 2011
Community
Palmera 1

About TH023, Palmera 1

TH023 is a two-bedroom villa of 1,611 sqft in Palmera 1, a villa community in Arabian Ranches completed in 2008 by Emaar. The developer sold it on 7 March 2011 for AED 991,888, or AED 615 per sqft, 6% below the AED 654 two-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, renewed on 1 March 2025, is AED 170,000 a year: a gross yield of 17.1% on the 2011 price, before the service charge of about AED 5,000 a year.

Sales and rents for TH023 over time

Sales
Villa TH023, 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 2011: AED 991,888 (AED 615 per sqft)

TH023 has sold once; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH023, 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 2013: AED 132,500 a yearRenewal, January 2014: AED 160,000 a yearNew contract, January 2015: AED 180,000 a yearNew contract, February 2018: AED 140,000 a yearNew contract, March 2019: AED 130,000 a yearRenewal, March 2022: AED 120,000 a yearRenewal, March 2023: AED 140,403 a yearRenewal, February 2024: AED 160,000 a yearRenewal, March 2025: AED 170,000 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 TH023 sits

All 100 2-beds →

TH023 last sold in March 2011 at AED 615 per sqft, 6% below what two-beds in Palmera 1 were fetching at the time (AED 654). 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. TH023's AED 170,000 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 →

TH023, Palmera 1 in numbers

  • Sold once: by Emaar on 7 March 2011 for AED 991,888, or AED 615 per sqft.
  • Rented since January 2013 on 9 Ejari contracts, from AED 132,500 to AED 170,000 a year.
  • At AED 170,000 a year the gross yield on the 2011 price is 17.1%, before a service charge of about AED 5,000 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 March 2025.

Questions about TH023, Palmera 1

What did villa TH023 last sell for?

AED 991,888 on 7 March 2011, sold by the developer: AED 615 per sqft for 1,611 sqft. It is the only registered sale of the villa.

What is the rent for villa TH023?

AED 170,000 a year on the contract renewed on 1 March 2025. The previous contract, from February 2024, was AED 160,000; the villa has been rented since January 2013.

How big is villa TH023?

1,611 sqft (149.7 sqm): a two-bedroom villa in Palmera 1, completed in 2008.

What is villa TH023 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 TH023, Palmera 1

Starts from the last sale price (AED 992K, 7 March 2011). Switch to today's estimate once you have unlocked it.
Price
AED 991,888
Deposit, UAE resident (20%)
AED 198,378
Deposit, non-resident (40%)
AED 396,755
Monthly over 25 years at 3.7%
AED 4,058

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