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

TH037, Palmera 1

Sold prices and rental history: sold twice, last in October 2020, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH037 · DLD and Ejari recordsUpdated 26 October 2020
Last soldAED 2.48M26 October 2020
Current rentAED 185K /yr12 October 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH037, Palmera 1

What is TH037 worth today?

Last sold for AED 2,480,000 in 2020

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26 Oct 2020SoldReady
AED 2,480,000AED 765 per sqft
12 Oct 2018RentedRenewal
AED 185,000/yr12 months · AED 57 per sqft
12 Oct 2017RentedNew contract
AED 190,000/yr12 months · AED 59 per sqft
1 Jul 2016RentedRenewal
AED 235,000/yr12 months · AED 73 per sqft
1 Jul 2015RentedRenewal
AED 250,000/yr12 months · AED 77 per sqft
1 Jul 2014RentedNew contract
AED 250,000/yr12 months · AED 77 per sqft
1 Sep 2012RentedNew contract
AED 185,000/yr12 months · AED 57 per sqft
2 Jan 2011Sold by developerReady
AED 1,444,888AED 1,378 per sqft

Source: Dubai Land Department. Updated 26 October 2020.

Key facts

Type
3-bed villa
Size
3,241 sqft
Developer
Emaar
Completed
2008
Service charge
AED 10,000 /yr
Last sold
AED 2.48M · October 2020
Community
Palmera 1

About TH037, Palmera 1

TH037 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 26 October 2020 for AED 2,480,000, or AED 765 per sqft, 12% above the AED 686 three-beds in the community were fetching at the time.

It has been rented continuously since 2012 on 6 Ejari contracts. The current contract, renewed on 12 October 2018, is AED 185,000 a year: a gross yield of 7.5% on the 2020 price, before the service charge of about AED 10,000 a year.

Sales and rents for TH037 over time

Sales
Villa TH037, each saleTypical three-bed in Palmera 1
2.5M5M2008201320182023Typical 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, January 2011: AED 1,444,888 (AED 1,378 per sqft)Sold, October 2020: AED 2,480,000 (AED 765 per sqft)

TH037 has sold twice; the dashed line is the three-bed median of each year in the community.

Rents
Villa TH037, 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, September 2012: AED 185,000 a yearNew contract, July 2014: AED 250,000 a yearRenewal, July 2015: AED 250,000 a yearRenewal, July 2016: AED 235,000 a yearNew contract, October 2017: AED 190,000 a yearRenewal, October 2018: AED 185,000 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 TH037 sits

All 49 3-beds →

TH037 last sold in October 2020 at AED 765 per sqft, 12% above what three-beds in Palmera 1 were fetching at the time (AED 686). 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. TH037's AED 185,000 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 →

TH037, Palmera 1 in numbers

  • Sold twice: first on 2 January 2011 for AED 1,444,888, last on 26 October 2020 for AED 2,480,000 (AED 765 per sqft).
  • Rented since September 2012 on 6 Ejari contracts, at AED 185,000 a year.
  • At AED 185,000 a year the gross yield on the 2020 price is 7.5%, 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 26 October 2020.

Questions about TH037, Palmera 1

What did villa TH037 last sell for?

AED 2,480,000 on 26 October 2020: AED 765 per sqft for 3,241 sqft. The villa has 2 registered sales; the first was AED 1,444,888 in January 2011.

What is the rent for villa TH037?

AED 185,000 a year on the contract renewed on 12 October 2018. The previous contract, from October 2017, was AED 190,000; the villa has been rented since September 2012.

How big is villa TH037?

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

What is villa TH037 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 TH037, Palmera 1

Starts from the last sale price (AED 2.48M, 26 October 2020). Switch to today's estimate once you have unlocked it.
Price
AED 2,480,000
Deposit, UAE resident (20%)
AED 496,000
Deposit, non-resident (40%)
AED 992,000
Monthly over 25 years at 3.7%
AED 10,146

Plus AED 109,170 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →