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

TH076, Palmera 1

Sold prices and rental history: sold twice, last in June 2017, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH076 · DLD and Ejari recordsUpdated 8 June 2017
Last soldAED 1.7M8 June 2017
Current rentAED 155K /yr1 November 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH076, Palmera 1

What is TH076 worth today?

Last sold for AED 1,700,000 in 2017

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8 Jun 2017SoldReady
AED 1,700,000AED 788 per sqft
1 Nov 2015RentedNew contract
AED 155,000/yr12 months · AED 72 per sqft
1 Nov 2014RentedNew contract
AED 155,000/yr12 months · AED 72 per sqft
26 Aug 2010Sold by developerReady
AED 2,927,000AED 1,756 per sqft

Source: Dubai Land Department. Updated 8 June 2017.

Key facts

Type
2-bed villa
Size
2,156 sqft
Developer
Emaar
Completed
2008
Service charge
AED 6,600 /yr
Last sold
AED 1.7M · June 2017
Community
Palmera 1

About TH076, Palmera 1

TH076 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 8 June 2017 for AED 1,700,000, or AED 788 per sqft, 21% below the AED 997 two-beds in the community were fetching at the time.

It has been rented since 2014 on 2 Ejari contracts. The current contract, signed on 1 November 2015, is AED 155,000 a year: a gross yield of 9.1% on the 2017 price, before the service charge of about AED 6,600 a year.

Sales and rents for TH076 over time

Sales
Villa TH076, 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, August 2010: AED 2,927,000 (AED 1,756 per sqft)Sold, June 2017: AED 1,700,000 (AED 788 per sqft)

TH076 has sold twice; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH076, 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 2014: AED 155,000 a yearNew contract, November 2015: AED 155,000 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 TH076 sits

All 100 2-beds →

TH076 last sold in June 2017 at AED 788 per sqft, 21% below what two-beds in Palmera 1 were fetching at the time (AED 997). 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. TH076's AED 155,000 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 →

TH076, Palmera 1 in numbers

  • Sold twice: first on 26 August 2010 for AED 2,927,000, last on 8 June 2017 for AED 1,700,000 (AED 788 per sqft).
  • Rented since November 2014 on 2 Ejari contracts, at AED 155,000 a year.
  • At AED 155,000 a year the gross yield on the 2017 price is 9.1%, 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 8 June 2017.

Questions about TH076, Palmera 1

What did villa TH076 last sell for?

AED 1,700,000 on 8 June 2017: AED 788 per sqft for 2,156 sqft. The villa has 2 registered sales; the first was AED 2,927,000 in August 2010.

What is the rent for villa TH076?

AED 155,000 a year on the contract signed on 1 November 2015. The previous contract, from November 2014, was AED 155,000.

How big is villa TH076?

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

What is villa TH076 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 TH076, Palmera 1

Starts from the last sale price (AED 1.7M, 8 June 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,700,000
Deposit, UAE resident (20%)
AED 340,000
Deposit, non-resident (40%)
AED 680,000
Monthly over 25 years at 3.7%
AED 6,955

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