Home
Dubai prices
About
Research
2-bed · 1,497 sqftPalmera 1, Arabian Ranches · completed 2008

TH068, Palmera 1

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

Villa TH068 · DLD and Ejari recordsUpdated 21 April 2024
Last soldAED 1.01M20 December 2012
Current rentAED 195K /yr21 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow TH068

Property timeline for TH068, Palmera 1

What is TH068 worth today?

Last sold for AED 1,007,888 in 2012

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

21 Apr 2024RentedNew contract
AED 195,000/yr12 months · AED 80 per sqft
10 May 2023RentedNew contract
AED 190,000/yr12 months · AED 78 per sqft
14 Dec 2021RentedRenewal
AED 123,000/yr12 months · AED 50 per sqft
14 Dec 2020RentedNew contract
AED 118,000/yr12 months · AED 48 per sqft
15 Dec 2019RentedNew contract
AED 130,000/yr12 months · AED 53 per sqft
15 Dec 2018RentedNew contract
AED 130,000/yr12 months · AED 53 per sqft
6 Oct 2016RentedRenewal
AED 178,000/yr12 months · AED 73 per sqft
6 Oct 2015RentedNew contract
AED 178,000/yr12 months · AED 73 per sqft

Source: Dubai Land Department. Updated 21 April 2024.

Key facts

Type
2-bed villa
Size
1,497 sqft
Developer
Emaar
Completed
2008
Service charge
AED 4,600 /yr
Last sold
AED 1.01M · December 2012
Community
Palmera 1

About TH068, Palmera 1

TH068 is a two-bedroom villa of 1,497 sqft in Palmera 1, a villa community in Arabian Ranches completed in 2008 by Emaar. The developer sold it on 20 December 2012 for AED 1,007,888, or AED 673 per sqft, 16% below the AED 805 two-beds in the community were fetching at the time.

It has been rented continuously since 2012 on 11 Ejari contracts. The current contract, signed on 21 April 2024, is AED 195,000 a year: a gross yield of 19.4% on the 2012 price, before the service charge of about AED 4,600 a year.

Sales and rents for TH068 over time

Sales
Villa TH068, 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, December 2012: AED 1,007,888 (AED 673 per sqft)

TH068 has sold once; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH068, each contractTypical two-bed in Palmera 1
100K150K200K2012201620202024Typical 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, December 2012: AED 150,000 a yearRenewal, November 2014: AED 185,000 a yearNew contract, October 2015: AED 178,000 a yearRenewal, October 2016: AED 178,000 a yearNew contract, December 2018: AED 130,000 a yearNew contract, December 2019: AED 130,000 a yearNew contract, December 2020: AED 118,000 a yearRenewal, December 2021: AED 123,000 a yearNew contract, May 2023: AED 190,000 a yearNew contract, April 2024: AED 195,000 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 TH068 sits

All 100 2-beds →

TH068 last sold in December 2012 at AED 673 per sqft, 16% below what two-beds in Palmera 1 were fetching at the time (AED 805). 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. TH068's AED 195,000 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 →

TH068, Palmera 1 in numbers

  • Sold once: by Emaar on 20 December 2012 for AED 1,007,888, or AED 673 per sqft.
  • Rented since December 2012 on 11 Ejari contracts. The rent fell from AED 150,000 to AED 118,000 in 2020 and recovered to AED 195,000 by April 2024.
  • At AED 195,000 a year the gross yield on the 2012 price is 19.4%, before a service charge of about AED 4,600 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 21 April 2024.

Questions about TH068, Palmera 1

What did villa TH068 last sell for?

AED 1,007,888 on 20 December 2012, sold by the developer: AED 673 per sqft for 1,497 sqft. It is the only registered sale of the villa.

What is the rent for villa TH068?

AED 195,000 a year on the contract signed on 21 April 2024. The previous contract, from May 2023, was AED 190,000; the villa has been rented since December 2012.

How big is villa TH068?

1,497 sqft (139.1 sqm): a two-bedroom villa in Palmera 1, completed in 2008.

What is villa TH068 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.

Selling TH068? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on TH068, Palmera 1

Starts from the last sale price (AED 1.01M, 20 December 2012). Switch to today's estimate once you have unlocked it.
Price
AED 1,007,888
Deposit, UAE resident (20%)
AED 201,578
Deposit, non-resident (40%)
AED 403,155
Monthly over 25 years at 3.7%
AED 4,124

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