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2-bed · 2,156 sqftPalmera 1, Arabian Ranches · completed 2008

TH034, Palmera 1

Sold prices and rental history: sold 3 times, last in October 2015, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH034 · DLD and Ejari recordsUpdated 20 January 2025
Last soldAED 1.6M4 October 2015
Current rentAED 155K /yr20 January 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH034, Palmera 1

What is TH034 worth today?

Last sold for AED 1,600,000 in 2015

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20 Jan 2025RentedRenewal
AED 155,000/yr12 months · AED 72 per sqft
20 Jan 2024RentedNew contract
AED 155,000/yr12 months · AED 72 per sqft
10 Mar 2023RentedNew contract
AED 110,000/yr12 months · AED 51 per sqft
10 Mar 2021RentedNew contract
AED 100,000/yr12 months · AED 46 per sqft
26 Oct 2019RentedRenewal
AED 120,000/yr6 months · AED 56 per sqft
26 Oct 2018RentedNew contract
AED 120,000/yr12 months · AED 56 per sqft
16 Oct 2016RentedNew contract
AED 163,000/yr12 months · AED 76 per sqft
16 Oct 2015RentedRenewal
AED 163,000/yr12 months · AED 76 per sqft

Source: Dubai Land Department. Updated 20 January 2025.

Key facts

Type
2-bed villa
Size
2,156 sqft
Developer
Emaar
Completed
2008
Service charge
AED 6,600 /yr
Last sold
AED 1.6M · October 2015
Community
Palmera 1

About TH034, Palmera 1

TH034 is a two-bedroom villa of 2,156 sqft in Palmera 1, a villa community in Arabian Ranches completed in 2008 by Emaar. It last sold on 4 October 2015 for AED 1,600,000, or AED 742 per sqft, 20% below the AED 927 two-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, renewed on 20 January 2025, is AED 155,000 a year: a gross yield of 9.7% on the 2015 price, before the service charge of about AED 6,600 a year.

Sales and rents for TH034 over time

Sales
Villa TH034, 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, August 2010: AED 870,888 (AED 438 per sqft)Sold, March 2012: AED 1,450,000 (AED 729 per sqft)Sold, October 2015: AED 1,600,000 (AED 742 per sqft)

TH034 has sold 3 times; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH034, 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, April 2013: AED 145,000 a yearNew contract, October 2014: AED 163,000 a yearRenewal, October 2015: AED 163,000 a yearNew contract, October 2016: AED 163,000 a yearNew contract, October 2018: AED 120,000 a yearRenewal, October 2019: AED 120,000 a yearNew contract, March 2021: AED 100,000 a yearNew contract, March 2023: AED 110,000 a yearNew contract, January 2024: AED 155,000 a yearRenewal, January 2025: AED 155,000 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 TH034 sits

All 100 2-beds →

TH034 last sold in October 2015 at AED 742 per sqft, 20% below what two-beds in Palmera 1 were fetching at the time (AED 927). 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. TH034's AED 155,000 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 →

TH034, Palmera 1 in numbers

  • Sold 3 times: first on 2 August 2010 for AED 870,888, last on 4 October 2015 for AED 1,600,000 (AED 742 per sqft).
  • Rented since April 2013 on 10 Ejari contracts. The rent fell from AED 145,000 to AED 100,000 in 2021 and recovered to AED 155,000 by January 2025.
  • At AED 155,000 a year the gross yield on the 2015 price is 9.7%, before a service charge of about AED 6,600 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 20 January 2025.

Questions about TH034, Palmera 1

What did villa TH034 last sell for?

AED 1,600,000 on 4 October 2015: AED 742 per sqft for 2,156 sqft. The villa has 3 registered sales; the first was AED 870,888 in August 2010.

What is the rent for villa TH034?

AED 155,000 a year on the contract renewed on 20 January 2025. The previous contract, from January 2024, was AED 155,000; the villa has been rented since April 2013.

How big is villa TH034?

2,156 sqft (200.3 sqm): a two-bedroom villa in Palmera 1, completed in 2008.

What is villa TH034 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 TH034, Palmera 1

Starts from the last sale price (AED 1.6M, 4 October 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,600,000
Deposit, UAE resident (20%)
AED 320,000
Deposit, non-resident (40%)
AED 640,000
Monthly over 25 years at 3.7%
AED 6,546

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