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2-bed · 2,439 sqftPalmera 1, Arabian Ranches · completed 2008

TH032, Palmera 1

Sold prices and rental history: sold 4 times, last in February 2024, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH032 · DLD and Ejari recordsUpdated 22 February 2024
Last soldAED 4.7M22 February 2024
Current rentAED 60K /yr24 November 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH032, Palmera 1

What is TH032 worth today?

Last sold for AED 4,700,000 in 2024

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22 Feb 2024SoldReady
AED 4,700,000AED 1,927 per sqft
7 Feb 2022SoldReady
AED 2,500,000AED 1,025 per sqft
24 Nov 2020RentedNew contract
AED 60,000/yr12 months · AED 25 per sqft
1 May 2019RentedRenewal
AED 125,000/yr12 months · AED 51 per sqft
1 May 2018RentedNew contract
AED 125,000/yr12 months · AED 51 per sqft
15 Nov 2017RentedRenewal
AED 170,000/yr12 months · AED 70 per sqft
15 Nov 2015RentedRenewal
AED 180,000/yr12 months · AED 74 per sqft
15 Nov 2014RentedNew contract
AED 180,000/yr12 months · AED 74 per sqft

Source: Dubai Land Department. Updated 22 February 2024.

Key facts

Type
2-bed villa
Size
2,439 sqft
Developer
Emaar
Completed
2008
Service charge
AED 7,500 /yr
Last sold
AED 4.7M · February 2024
Community
Palmera 1

About TH032, Palmera 1

TH032 is a two-bedroom villa of 2,439 sqft in Palmera 1, a villa community in Arabian Ranches completed in 2008 by Emaar. It last sold on 22 February 2024 for AED 4,700,000, or AED 1,927 per sqft, 23% above the AED 1,561 two-beds in the community were fetching at the time.

It has been rented continuously since 2012 on 8 Ejari contracts. The current contract, signed on 24 November 2020, is AED 60,000 a year: a gross yield of 1.3% on the 2024 price, before the service charge of about AED 7,500 a year.

Sales and rents for TH032 over time

Sales
Villa TH032, each saleTypical two-bed in Palmera 1
02M4M2008201320182023Typical 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 2008: AED 510,444 (AED 330 per sqft)Sold, May 2013: AED 2,650,000 (AED 1,718 per sqft)Sold, February 2022: AED 2,500,000 (AED 1,025 per sqft)Sold, February 2024: AED 4,700,000 (AED 1,927 per sqft)

TH032 has sold 4 times; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH032, 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, August 2012: AED 120,000 a yearNew contract, September 2013: AED 165,000 a yearNew contract, November 2014: AED 180,000 a yearRenewal, November 2015: AED 180,000 a yearRenewal, November 2017: AED 170,000 a yearNew contract, May 2018: AED 125,000 a yearRenewal, May 2019: AED 125,000 a yearNew contract, November 2020: AED 60,000 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 TH032 sits

All 100 2-beds →

TH032 last sold in February 2024 at AED 1,927 per sqft, 23% above what two-beds in Palmera 1 were fetching at the time (AED 1,561). 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. TH032's AED 60,000 is at the bottom 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 →

TH032, Palmera 1 in numbers

  • Sold 4 times: first on 12 August 2008 for AED 510,444, last on 22 February 2024 for AED 4,700,000 (AED 1,927 per sqft).
  • Rented since August 2012 on 8 Ejari contracts, from AED 120,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2024 price is 1.3%, before a service charge of about AED 7,500 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 22 February 2024.

Questions about TH032, Palmera 1

What did villa TH032 last sell for?

AED 4,700,000 on 22 February 2024: AED 1,927 per sqft for 2,439 sqft. The villa has 4 registered sales; the first was AED 510,444 in August 2008.

What is the rent for villa TH032?

AED 60,000 a year on the contract signed on 24 November 2020. The previous contract, from May 2019, was AED 125,000; the villa has been rented since August 2012.

How big is villa TH032?

2,439 sqft (226.6 sqm): a two-bedroom villa in Palmera 1, completed in 2008.

What is villa TH032 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 TH032, Palmera 1

Starts from the last sale price (AED 4.7M, 22 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 4,700,000
Deposit, UAE resident (20%)
AED 940,000
Deposit, non-resident (40%)
AED 1,880,000
Monthly over 25 years at 3.7%
AED 19,229

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