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2-bed · 2,437 sqftPalmera 1, Arabian Ranches · completed 2008

TH041, Palmera 1

Sold prices and rental history: sold 5 times, last in December 2023, and rented since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH041 · DLD and Ejari recordsUpdated 22 December 2023
Last soldAED 4.55M22 December 2023
Current rentAED 155K /yr1 November 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH041, Palmera 1

What is TH041 worth today?

Last sold for AED 4,550,000 in 2023

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22 Dec 2023SoldReady
AED 4,550,000AED 1,867 per sqft
10 May 2022SoldReady
AED 3,650,000AED 1,497 per sqft
10 Jun 2019SoldReady
AED 1,900,000AED 779 per sqft
1 Nov 2018RentedRenewal
AED 155,000/yr12 months · AED 64 per sqft
1 Nov 2017RentedNew contract
AED 155,000/yr12 months · AED 64 per sqft
19 Jun 2014SoldReady
AED 3,350,000AED 1,374 per sqft
13 May 2012Sold by developerReady
AED 1,071,888AED 794 per sqft
8 Apr 2012RentedNew contract
AED 150,000/yr12 months · AED 62 per sqft

Source: Dubai Land Department. Updated 22 December 2023.

Key facts

Type
2-bed villa
Size
2,437 sqft
Developer
Emaar
Completed
2008
Service charge
AED 7,500 /yr
Last sold
AED 4.55M · December 2023
Community
Palmera 1

About TH041, Palmera 1

TH041 is a two-bedroom villa of 2,437 sqft in Palmera 1, a villa community in Arabian Ranches completed in 2008 by Emaar. It last sold on 22 December 2023 for AED 4,550,000, or AED 1,867 per sqft, 50% above the AED 1,242 two-beds in the community were fetching at the time.

It has been rented since 2012 on 3 Ejari contracts. The current contract, renewed on 1 November 2018, is AED 155,000 a year: a gross yield of 3.4% on the 2023 price, before the service charge of about AED 7,500 a year.

Sales and rents for TH041 over time

Sales
Villa TH041, 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, May 2012: AED 1,071,888 (AED 794 per sqft)Sold, June 2014: AED 3,350,000 (AED 1,374 per sqft)Sold, June 2019: AED 1,900,000 (AED 779 per sqft)Sold, May 2022: AED 3,650,000 (AED 1,497 per sqft)Sold, December 2023: AED 4,550,000 (AED 1,867 per sqft)

TH041 has sold 5 times; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH041, 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 2012: AED 150,000 a yearNew contract, November 2017: AED 155,000 a yearRenewal, November 2018: 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 TH041 sits

All 100 2-beds →

TH041 last sold in December 2023 at AED 1,867 per sqft, 50% above what two-beds in Palmera 1 were fetching at the time (AED 1,242). 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. TH041'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 →

TH041, Palmera 1 in numbers

  • Sold 5 times: first on 13 May 2012 for AED 1,071,888, last on 22 December 2023 for AED 4,550,000 (AED 1,867 per sqft).
  • Rented since April 2012 on 3 Ejari contracts, from AED 150,000 to AED 155,000 a year.
  • At AED 155,000 a year the gross yield on the 2023 price is 3.4%, 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 December 2023.

Questions about TH041, Palmera 1

What did villa TH041 last sell for?

AED 4,550,000 on 22 December 2023: AED 1,867 per sqft for 2,437 sqft. The villa has 5 registered sales; the first was AED 1,071,888 in May 2012.

What is the rent for villa TH041?

AED 155,000 a year on the contract renewed on 1 November 2018. The previous contract, from November 2017, was AED 155,000; the villa has been rented since April 2012.

How big is villa TH041?

2,437 sqft (226.4 sqm): a two-bedroom villa in Palmera 1, completed in 2008.

What is villa TH041 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 TH041, Palmera 1

Starts from the last sale price (AED 4.55M, 22 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 4,550,000
Deposit, UAE resident (20%)
AED 910,000
Deposit, non-resident (40%)
AED 1,820,000
Monthly over 25 years at 3.7%
AED 18,615

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