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2-bed · 1,977 sqftPalmera 1, Arabian Ranches · completed 2008

TH057, Palmera 1

Sold prices and rental history: sold once, by the developer in November 2008, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH057 · DLD and Ejari recordsUpdated 11 February 2024
Last soldAED 1.86M25 November 2008
Current rentAED 116K /yr11 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH057, Palmera 1

What is TH057 worth today?

Last sold for AED 1,861,500 in 2008

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11 Feb 2024RentedRenewal
AED 115,500/yr12 months · AED 54 per sqft
11 Feb 2023RentedRenewal
AED 110,000/yr12 months · AED 51 per sqft
23 Jan 2022RentedRenewal
AED 100,093/yr13 months · AED 46 per sqft
23 Jan 2021RentedNew contract
AED 96,000/yr12 months · AED 45 per sqft
1 Jan 2020RentedRenewal
AED 108,000/yr9 months · AED 50 per sqft
1 Oct 2018RentedRenewal
AED 132,000/yr15 months · AED 61 per sqft
24 Nov 2016RentedRenewal
AED 159,976/yr22 months · AED 74 per sqft
24 Nov 2015RentedNew contract
AED 165,000/yr12 months · AED 77 per sqft

Source: Dubai Land Department. Updated 11 February 2024.

Key facts

Type
2-bed villa
Size
1,977 sqft
Developer
Emaar
Completed
2008
Service charge
AED 6,100 /yr
Last sold
AED 1.86M · November 2008
Community
Palmera 1

About TH057, Palmera 1

TH057 is a two-bedroom villa of 1,977 sqft in Palmera 1, a villa community in Arabian Ranches completed in 2008 by Emaar. The developer sold it on 25 November 2008 for AED 1,861,500, or AED 941 per sqft, 5% above the AED 897 two-beds in the community were fetching at the time.

It has been rented continuously since 2015 on 8 Ejari contracts. The current contract, renewed on 11 February 2024, is AED 115,500 a year: a gross yield of 6.2% on the 2008 price, before the service charge of about AED 6,100 a year.

Sales and rents for TH057 over time

Sales
Villa TH057, 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, November 2008: AED 1,861,500 (AED 941 per sqft)

TH057 has sold once; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH057, 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 2015: AED 165,000 a yearRenewal, November 2016: AED 159,976 a yearRenewal, October 2018: AED 132,000 a yearRenewal, January 2020: AED 108,000 a yearNew contract, January 2021: AED 96,000 a yearRenewal, January 2022: AED 100,093 a yearRenewal, February 2023: AED 110,000 a yearRenewal, February 2024: AED 115,500 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 TH057 sits

All 100 2-beds →

TH057 last sold in November 2008 at AED 941 per sqft, 5% above what two-beds in Palmera 1 were fetching at the time (AED 897). 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. TH057's AED 115,500 is at the bottom 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 →

TH057, Palmera 1 in numbers

  • Sold once: by Emaar on 25 November 2008 for AED 1,861,500, or AED 941 per sqft.
  • Rented since November 2015 on 8 Ejari contracts. The rent fell from AED 165,000 to AED 96,000 in 2021 and recovered to AED 115,500 by February 2024.
  • At AED 115,500 a year the gross yield on the 2008 price is 6.2%, before a service charge of about AED 6,100 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 11 February 2024.

Questions about TH057, Palmera 1

What did villa TH057 last sell for?

AED 1,861,500 on 25 November 2008, sold by the developer: AED 941 per sqft for 1,977 sqft. It is the only registered sale of the villa.

What is the rent for villa TH057?

AED 115,500 a year on the contract renewed on 11 February 2024. The previous contract, from February 2023, was AED 110,000; the villa has been rented since November 2015.

How big is villa TH057?

1,977 sqft (183.7 sqm): a two-bedroom villa in Palmera 1, completed in 2008.

What is villa TH057 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 TH057, Palmera 1

Starts from the last sale price (AED 1.86M, 25 November 2008). Switch to today's estimate once you have unlocked it.
Price
AED 1,861,500
Deposit, UAE resident (20%)
AED 372,300
Deposit, non-resident (40%)
AED 744,600
Monthly over 25 years at 3.7%
AED 7,616

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