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

TH047, Palmera 1

Sold prices and rental history: sold twice, last in December 2015, and rented since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH047 · DLD and Ejari recordsUpdated 15 December 2015
Last soldAED 2.33M15 December 2015
Current rentAED 165K /yr1 October 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH047, Palmera 1

What is TH047 worth today?

Last sold for AED 2,325,000 in 2015

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15 Dec 2015SoldReady
AED 2,325,000AED 953 per sqft
1 Oct 2014RentedNew contract
AED 165,000/yr12 months · AED 68 per sqft
1 Nov 2012RentedNew contract
AED 145,000/yr12 months · AED 59 per sqft
18 Nov 2009Sold by developerReady
AED 506,444AED 312 per sqft

Source: Dubai Land Department. Updated 15 December 2015.

Key facts

Type
2-bed villa
Size
2,439 sqft
Developer
Emaar
Completed
2008
Service charge
AED 7,500 /yr
Last sold
AED 2.33M · December 2015
Community
Palmera 1

About TH047, Palmera 1

TH047 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 15 December 2015 for AED 2,325,000, or AED 953 per sqft, in line with the AED 927 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 1 October 2014, is AED 165,000 a year: a gross yield of 7.1% on the 2015 price, before the service charge of about AED 7,500 a year.

Sales and rents for TH047 over time

Sales
Villa TH047, each saleTypical two-bed in Palmera 1
02M4M2008201320182023Typical 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, November 2009: AED 506,444 (AED 312 per sqft)Sold, December 2015: AED 2,325,000 (AED 953 per sqft)

TH047 has sold twice; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH047, 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 145,000 a yearNew contract, October 2014: AED 165,000 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 TH047 sits

All 100 2-beds →

TH047 last sold in December 2015 at AED 953 per sqft, in line with 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. TH047's AED 165,000 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 →

TH047, Palmera 1 in numbers

  • Sold twice: first on 18 November 2009 for AED 506,444, last on 15 December 2015 for AED 2,325,000 (AED 953 per sqft).
  • Rented since November 2012 on 2 Ejari contracts, from AED 145,000 to AED 165,000 a year.
  • At AED 165,000 a year the gross yield on the 2015 price is 7.1%, 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 15 December 2015.

Questions about TH047, Palmera 1

What did villa TH047 last sell for?

AED 2,325,000 on 15 December 2015: AED 953 per sqft for 2,439 sqft. The villa has 2 registered sales; the first was AED 506,444 in November 2009.

What is the rent for villa TH047?

AED 165,000 a year on the contract signed on 1 October 2014. The previous contract, from November 2012, was AED 145,000.

How big is villa TH047?

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

What is villa TH047 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 TH047, Palmera 1

Starts from the last sale price (AED 2.33M, 15 December 2015). Switch to today's estimate once you have unlocked it.
Price
AED 2,325,000
Deposit, UAE resident (20%)
AED 465,000
Deposit, non-resident (40%)
AED 930,000
Monthly over 25 years at 3.7%
AED 9,512

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