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2-bed · 2,158 sqftPalmera 1, Arabian Ranches · completed 2008

TH069, Palmera 1

Sold prices and rental history: sold 3 times, last in July 2017, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH069 · DLD and Ejari recordsUpdated 6 July 2017
Last soldAED 1.85M6 July 2017
Current rentAED 151K /yr3 June 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH069, Palmera 1

What is TH069 worth today?

Last sold for AED 1,850,000 in 2017

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6 Jul 2017SoldReady
AED 1,850,000AED 857 per sqft
3 Jun 2017RentedRenewal
AED 151,253/yr3 months · AED 70 per sqft
3 Jun 2016RentedRenewal
AED 148,000/yr12 months · AED 69 per sqft
3 Jun 2015RentedNew contract
AED 148,000/yr12 months · AED 69 per sqft
1 Jul 2014RentedNew contract
AED 130,000/yr12 months · AED 60 per sqft
1 Jul 2013RentedNew contract
AED 130,000/yr12 months · AED 60 per sqft
10 Feb 2013SoldReady
AED 2,050,000AED 1,155 per sqft
1 Aug 2012RentedNew contract
AED 110,000/yr12 months · AED 51 per sqft

Source: Dubai Land Department. Updated 6 July 2017.

Key facts

Type
2-bed villa
Size
2,158 sqft
Developer
Emaar
Completed
2008
Service charge
AED 6,600 /yr
Last sold
AED 1.85M · July 2017
Community
Palmera 1

About TH069, Palmera 1

TH069 is a two-bedroom villa of 2,158 sqft in Palmera 1, a villa community in Arabian Ranches completed in 2008 by Emaar. It last sold on 6 July 2017 for AED 1,850,000, or AED 857 per sqft, 8% below the AED 927 two-beds in the community were fetching at the time.

It has been rented continuously since 2012 on 6 Ejari contracts. The current contract, renewed on 3 June 2017, is AED 151,253 a year: a gross yield of 8.2% on the 2017 price, before the service charge of about AED 6,600 a year.

Sales and rents for TH069 over time

Sales
Villa TH069, 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 2010: AED 1,850,000 (AED 1,042 per sqft)Sold, February 2013: AED 2,050,000 (AED 1,155 per sqft)Sold, July 2017: AED 1,850,000 (AED 857 per sqft)

TH069 has sold 3 times; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH069, 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, August 2012: AED 110,000 a yearNew contract, July 2013: AED 130,000 a yearNew contract, July 2014: AED 130,000 a yearNew contract, June 2015: AED 148,000 a yearRenewal, June 2016: AED 148,000 a yearRenewal, June 2017: AED 151,253 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 TH069 sits

All 100 2-beds →

TH069 last sold in July 2017 at AED 857 per sqft, 8% below 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. TH069's AED 151,253 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 →

TH069, Palmera 1 in numbers

  • Sold 3 times: first on 9 November 2010 for AED 1,850,000, last on 6 July 2017 for AED 1,850,000 (AED 857 per sqft).
  • Rented since August 2012 on 6 Ejari contracts, from AED 110,000 to AED 151,253 a year.
  • At AED 151,253 a year the gross yield on the 2017 price is 8.2%, 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 6 July 2017.

Questions about TH069, Palmera 1

What did villa TH069 last sell for?

AED 1,850,000 on 6 July 2017: AED 857 per sqft for 2,158 sqft. The villa has 3 registered sales; the first was AED 1,850,000 in November 2010.

What is the rent for villa TH069?

AED 151,253 a year on the contract renewed on 3 June 2017. The previous contract, from June 2016, was AED 148,000; the villa has been rented since August 2012.

How big is villa TH069?

2,158 sqft (200.5 sqm): a two-bedroom villa in Palmera 1, completed in 2008.

What is villa TH069 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 TH069, Palmera 1

Starts from the last sale price (AED 1.85M, 6 July 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,850,000
Deposit, UAE resident (20%)
AED 370,000
Deposit, non-resident (40%)
AED 740,000
Monthly over 25 years at 3.7%
AED 7,569

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