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

TH035, Palmera 1

Sold prices and rental history: sold twice, last in February 2017, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH035 · DLD and Ejari recordsUpdated 6 October 2021
Last soldAED 2.63M13 February 2017
Current rentAED 210K /yr6 October 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH035, Palmera 1

What is TH035 worth today?

Last sold for AED 2,625,000 in 2017

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6 Oct 2021RentedRenewal
AED 210,000/yr12 months · AED 86 per sqft
6 Oct 2020RentedNew contract
AED 160,000/yr12 months · AED 66 per sqft
13 Feb 2017SoldReady
AED 2,625,000AED 1,076 per sqft
11 Feb 2016RentedRenewal
AED 185,000/yr12 months · AED 76 per sqft
11 Feb 2015RentedNew contract
AED 185,000/yr12 months · AED 76 per sqft
4 Aug 2014RentedNew contract
AED 161,000/yr12 months · AED 66 per sqft
21 Dec 2008Sold by developerReady
AED 1,067,888AED 689 per sqft

Source: Dubai Land Department. Updated 6 October 2021.

Key facts

Type
2-bed villa
Size
2,439 sqft
Developer
Emaar
Completed
2008
Service charge
AED 7,500 /yr
Last sold
AED 2.63M · February 2017
Community
Palmera 1

About TH035, Palmera 1

TH035 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 13 February 2017 for AED 2,625,000, or AED 1,076 per sqft, 3% above the AED 1,043 two-beds in the community were fetching at the time.

It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, renewed on 6 October 2021, is AED 210,000 a year: a gross yield of 8.0% on the 2017 price, before the service charge of about AED 7,500 a year.

Sales and rents for TH035 over time

Sales
Villa TH035, 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, December 2008: AED 1,067,888 (AED 689 per sqft)Sold, February 2017: AED 2,625,000 (AED 1,076 per sqft)

TH035 has sold twice; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH035, each contractTypical two-bed in Palmera 1
100K150K200K2012201620202024Typical 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 2014: AED 161,000 a yearNew contract, February 2015: AED 185,000 a yearRenewal, February 2016: AED 185,000 a yearNew contract, October 2020: AED 160,000 a yearRenewal, October 2021: AED 210,000 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 TH035 sits

All 100 2-beds →

TH035 last sold in February 2017 at AED 1,076 per sqft, 3% above what two-beds in Palmera 1 were fetching at the time (AED 1,043). 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. TH035's AED 210,000 is in the upper 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 →

TH035, Palmera 1 in numbers

  • Sold twice: first on 21 December 2008 for AED 1,067,888, last on 13 February 2017 for AED 2,625,000 (AED 1,076 per sqft).
  • Rented since August 2014 on 5 Ejari contracts, from AED 161,000 to AED 210,000 a year.
  • At AED 210,000 a year the gross yield on the 2017 price is 8.0%, 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 6 October 2021.

Questions about TH035, Palmera 1

What did villa TH035 last sell for?

AED 2,625,000 on 13 February 2017: AED 1,076 per sqft for 2,439 sqft. The villa has 2 registered sales; the first was AED 1,067,888 in December 2008.

What is the rent for villa TH035?

AED 210,000 a year on the contract renewed on 6 October 2021. The previous contract, from October 2020, was AED 160,000; the villa has been rented since August 2014.

How big is villa TH035?

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

What is villa TH035 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 TH035, Palmera 1

Starts from the last sale price (AED 2.63M, 13 February 2017). Switch to today's estimate once you have unlocked it.
Price
AED 2,625,000
Deposit, UAE resident (20%)
AED 525,000
Deposit, non-resident (40%)
AED 1,050,000
Monthly over 25 years at 3.7%
AED 10,740

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