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

TH063, Palmera 1

Sold prices and rental history: sold 3 times, last in August 2023, and rented once, from March 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH063 · DLD and Ejari recordsUpdated 31 August 2023
Last soldAED 2.65M31 August 2023
Current rentAED 110K /yr1 March 2012
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH063, Palmera 1

What is TH063 worth today?

Last sold for AED 2,650,000 in 2023

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31 Aug 2023SoldReady
AED 2,650,000AED 1,228 per sqft
6 Aug 2013SoldReady
AED 2,175,000AED 1,008 per sqft
1 Mar 2012RentedNew contract
AED 110,000/yr12 months · AED 51 per sqft
3 Mar 2011Sold by developerReady
AED 950,000AED 536 per sqft

Source: Dubai Land Department. Updated 31 August 2023.

Key facts

Type
2-bed villa
Size
2,156 sqft
Developer
Emaar
Completed
2008
Service charge
AED 6,600 /yr
Last sold
AED 2.65M · August 2023
Community
Palmera 1

About TH063, Palmera 1

TH063 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 31 August 2023 for AED 2,650,000, or AED 1,228 per sqft, 4% above the AED 1,181 two-beds in the community were fetching at the time.

One Ejari contract is registered, from 1 March 2012. The current contract, signed on 1 March 2012, is AED 110,000 a year: a gross yield of 4.2% on the 2023 price, before the service charge of about AED 6,600 a year.

Sales and rents for TH063 over time

Sales
Villa TH063, 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, March 2011: AED 950,000 (AED 536 per sqft)Sold, August 2013: AED 2,175,000 (AED 1,008 per sqft)Sold, August 2023: AED 2,650,000 (AED 1,228 per sqft)

TH063 has sold 3 times; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH063, 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, March 2012: AED 110,000 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 TH063 sits

All 100 2-beds →

TH063 last sold in August 2023 at AED 1,228 per sqft, 4% above what two-beds in Palmera 1 were fetching at the time (AED 1,181). 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. TH063's AED 110,000 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 →

TH063, Palmera 1 in numbers

  • Sold 3 times: first on 3 March 2011 for AED 950,000, last on 31 August 2023 for AED 2,650,000 (AED 1,228 per sqft).
  • Rented since March 2012 on one Ejari contract, at AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2023 price is 4.2%, 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 31 August 2023.

Questions about TH063, Palmera 1

What did villa TH063 last sell for?

AED 2,650,000 on 31 August 2023: AED 1,228 per sqft for 2,156 sqft. The villa has 3 registered sales; the first was AED 950,000 in March 2011.

What is the rent for villa TH063?

AED 110,000 a year on the contract signed on 1 March 2012.

How big is villa TH063?

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

What is villa TH063 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 TH063, Palmera 1

Starts from the last sale price (AED 2.65M, 31 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,650,000
Deposit, UAE resident (20%)
AED 530,000
Deposit, non-resident (40%)
AED 1,060,000
Monthly over 25 years at 3.7%
AED 10,842

Plus AED 116,310 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →