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

TH046, Palmera 1

Sold prices and rental history: sold 3 times, last in March 2022, and rented since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH046 · DLD and Ejari recordsUpdated 24 March 2022
Last soldAED 2.15M24 March 2022
Current rentAED 145K /yr23 November 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH046, Palmera 1

What is TH046 worth today?

Last sold for AED 2,150,000 in 2022

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24 Mar 2022SoldReady
AED 2,150,000AED 997 per sqft
28 Mar 2018SoldReady
AED 1,700,000AED 788 per sqft
23 Nov 2017RentedNew contract
AED 145,000/yr12 months · AED 67 per sqft
26 Feb 2013Sold by developerReady
AED 874,888AED 498 per sqft
25 Nov 2012RentedNew contract
AED 132,133/yr12 months · AED 61 per sqft

Source: Dubai Land Department. Updated 24 March 2022.

Key facts

Type
2-bed villa
Size
2,156 sqft
Developer
Emaar
Completed
2008
Service charge
AED 6,600 /yr
Last sold
AED 2.15M · March 2022
Community
Palmera 1

About TH046, Palmera 1

TH046 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 24 March 2022 for AED 2,150,000, or AED 997 per sqft, in line with the AED 997 two-beds in the community were fetching at the time.

It has been rented since 2012 on 2 Ejari contracts. The current contract, signed on 23 November 2017, is AED 145,000 a year: a gross yield of 6.7% on the 2022 price, before the service charge of about AED 6,600 a year.

Sales and rents for TH046 over time

Sales
Villa TH046, 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, February 2013: AED 874,888 (AED 498 per sqft)Sold, March 2018: AED 1,700,000 (AED 788 per sqft)Sold, March 2022: AED 2,150,000 (AED 997 per sqft)

TH046 has sold 3 times; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH046, 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, November 2012: AED 132,133 a yearNew contract, November 2017: AED 145,000 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 TH046 sits

All 100 2-beds →

TH046 last sold in March 2022 at AED 997 per sqft, in line with what two-beds in Palmera 1 were fetching at the time (AED 997). 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. TH046's AED 145,000 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 →

TH046, Palmera 1 in numbers

  • Sold 3 times: first on 26 February 2013 for AED 874,888, last on 24 March 2022 for AED 2,150,000 (AED 997 per sqft).
  • Rented since November 2012 on 2 Ejari contracts, from AED 132,133 to AED 145,000 a year.
  • At AED 145,000 a year the gross yield on the 2022 price is 6.7%, 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 24 March 2022.

Questions about TH046, Palmera 1

What did villa TH046 last sell for?

AED 2,150,000 on 24 March 2022: AED 997 per sqft for 2,156 sqft. The villa has 3 registered sales; the first was AED 874,888 in February 2013.

What is the rent for villa TH046?

AED 145,000 a year on the contract signed on 23 November 2017. The previous contract, from November 2012, was AED 132,133.

How big is villa TH046?

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

What is villa TH046 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 TH046, Palmera 1

Starts from the last sale price (AED 2.15M, 24 March 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,150,000
Deposit, UAE resident (20%)
AED 430,000
Deposit, non-resident (40%)
AED 860,000
Monthly over 25 years at 3.7%
AED 8,796

Plus AED 95,310 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →