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3-bed · 3,241 sqftPalmera 1, Arabian Ranches · completed 2008

TH030, Palmera 1

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

Villa TH030 · DLD and Ejari recordsUpdated 16 August 2020
Last soldAED 2.15M16 August 2020
Current rentAED 175K /yr22 June 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH030, Palmera 1

What is TH030 worth today?

Last sold for AED 2,150,000 in 2020

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16 Aug 2020SoldReady
AED 2,150,000AED 663 per sqft
22 Jun 2018RentedRenewal
AED 175,000/yr12 months · AED 54 per sqft
22 Jun 2017RentedNew contract
AED 175,000/yr12 months · AED 54 per sqft
15 Jun 2016RentedNew contract
AED 215,000/yr12 months · AED 66 per sqft
20 Mar 2015RentedNew contract
AED 190,000/yr12 months · AED 59 per sqft
21 Dec 2009Sold by developerReady
AED 630,444AED 277 per sqft

Source: Dubai Land Department. Updated 16 August 2020.

Key facts

Type
3-bed villa
Size
3,241 sqft
Developer
Emaar
Completed
2008
Service charge
AED 10,000 /yr
Last sold
AED 2.15M · August 2020
Community
Palmera 1

About TH030, Palmera 1

TH030 is a three-bedroom villa of 3,241 sqft in Palmera 1, a villa community in Arabian Ranches completed in 2008 by Emaar. It last sold on 16 August 2020 for AED 2,150,000, or AED 663 per sqft, in line with the AED 663 three-beds in the community were fetching at the time.

It has been rented continuously since 2015 on 4 Ejari contracts. The current contract, renewed on 22 June 2018, is AED 175,000 a year: a gross yield of 8.1% on the 2020 price, before the service charge of about AED 10,000 a year.

Sales and rents for TH030 over time

Sales
Villa TH030, each saleTypical three-bed in Palmera 1
02.5M5M2008201320182023Typical 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, December 2009: AED 630,444 (AED 277 per sqft)Sold, August 2020: AED 2,150,000 (AED 663 per sqft)

TH030 has sold twice; the dashed line is the three-bed median of each year in the community.

Rents
Villa TH030, 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, March 2015: AED 190,000 a yearNew contract, June 2016: AED 215,000 a yearNew contract, June 2017: AED 175,000 a yearRenewal, June 2018: AED 175,000 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 TH030 sits

All 49 3-beds →

TH030 last sold in August 2020 at AED 663 per sqft, in line with what three-beds in Palmera 1 were fetching at the time (AED 663). 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. TH030's AED 175,000 is at the bottom 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 →

TH030, Palmera 1 in numbers

  • Sold twice: first on 21 December 2009 for AED 630,444, last on 16 August 2020 for AED 2,150,000 (AED 663 per sqft).
  • Rented since March 2015 on 4 Ejari contracts, from AED 190,000 to AED 175,000 a year.
  • At AED 175,000 a year the gross yield on the 2020 price is 8.1%, before a service charge of about AED 10,000 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 16 August 2020.

Questions about TH030, Palmera 1

What did villa TH030 last sell for?

AED 2,150,000 on 16 August 2020: AED 663 per sqft for 3,241 sqft. The villa has 2 registered sales; the first was AED 630,444 in December 2009.

What is the rent for villa TH030?

AED 175,000 a year on the contract renewed on 22 June 2018. The previous contract, from June 2017, was AED 175,000; the villa has been rented since March 2015.

How big is villa TH030?

3,241 sqft (301.1 sqm): a three-bedroom villa in Palmera 1, completed in 2008.

What is villa TH030 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 TH030, Palmera 1

Starts from the last sale price (AED 2.15M, 16 August 2020). Switch to today's estimate once you have unlocked it.
Price
AED 2,150,000
Deposit, UAE resident (20%)
AED 430,000
Deposit, non-resident (40%)
AED 860,000
Monthly over 25 years at 3.7%
AED 8,796

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