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

TH062, Palmera 1

Sold prices and rental history: sold 4 times, last in September 2019, and rented once, from July 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH062 · DLD and Ejari recordsUpdated 16 September 2019
Last soldAED 2.3M16 September 2019
Current rentAED 175K /yr10 July 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH062, Palmera 1

What is TH062 worth today?

Last sold for AED 2,300,000 in 2019

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16 Sep 2019SoldReady
AED 2,300,000AED 943 per sqft
9 Jul 2018SoldReady
AED 2,200,000AED 902 per sqft
10 Jul 2017RentedNew contract
AED 175,000/yr12 months · AED 72 per sqft
6 Dec 2012SoldReady
AED 2,440,000AED 1,524 per sqft
18 Nov 2009Sold by developerReady
AED 1,012,888AED 633 per sqft

Source: Dubai Land Department. Updated 16 September 2019.

Key facts

Type
2-bed villa
Size
2,439 sqft
Developer
Emaar
Completed
2008
Service charge
AED 7,500 /yr
Last sold
AED 2.3M · September 2019
Community
Palmera 1

About TH062, Palmera 1

TH062 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 16 September 2019 for AED 2,300,000, or AED 943 per sqft, 21% above the AED 779 two-beds in the community were fetching at the time.

One Ejari contract is registered, from 10 July 2017. The current contract, signed on 10 July 2017, is AED 175,000 a year: a gross yield of 7.6% on the 2019 price, before the service charge of about AED 7,500 a year.

Sales and rents for TH062 over time

Sales
Villa TH062, 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 2009: AED 1,012,888 (AED 633 per sqft)Sold, December 2012: AED 2,440,000 (AED 1,524 per sqft)Sold, July 2018: AED 2,200,000 (AED 902 per sqft)Sold, September 2019: AED 2,300,000 (AED 943 per sqft)

TH062 has sold 4 times; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH062, 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, July 2017: AED 175,000 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 TH062 sits

All 100 2-beds →

TH062 last sold in September 2019 at AED 943 per sqft, 21% above what two-beds in Palmera 1 were fetching at the time (AED 779). 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. TH062's AED 175,000 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 →

TH062, Palmera 1 in numbers

  • Sold 4 times: first on 18 November 2009 for AED 1,012,888, last on 16 September 2019 for AED 2,300,000 (AED 943 per sqft).
  • Rented since July 2017 on one Ejari contract, at AED 175,000 a year.
  • At AED 175,000 a year the gross yield on the 2019 price is 7.6%, 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 16 September 2019.

Questions about TH062, Palmera 1

What did villa TH062 last sell for?

AED 2,300,000 on 16 September 2019: AED 943 per sqft for 2,439 sqft. The villa has 4 registered sales; the first was AED 1,012,888 in November 2009.

What is the rent for villa TH062?

AED 175,000 a year on the contract signed on 10 July 2017.

How big is villa TH062?

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

What is villa TH062 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 TH062, Palmera 1

Starts from the last sale price (AED 2.3M, 16 September 2019). Switch to today's estimate once you have unlocked it.
Price
AED 2,300,000
Deposit, UAE resident (20%)
AED 460,000
Deposit, non-resident (40%)
AED 920,000
Monthly over 25 years at 3.7%
AED 9,410

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