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3-bed · 3,241 sqftPalmera 1, Arabian Ranches · completed 2008

TH078, Palmera 1

Sold prices and rental history: sold 3 times, last in November 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH078 · DLD and Ejari recordsUpdated 8 November 2023
Last soldAED 4.7M7 November 2023
Current rentAED 134K /yr8 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH078, Palmera 1

What is TH078 worth today?

Last sold for AED 4,700,000 in 2023

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8 Nov 2023RentedNew contract
AED 133,538/yr6 months · AED 41 per sqft
8 Nov 2023RentedNew contract
AED 210,000/yr12 months · AED 65 per sqft
8 Nov 2023RentedNew contract
AED 400,615/yr6 months · AED 124 per sqft
7 Nov 2023SoldReady
AED 4,700,000AED 1,450 per sqft
17 May 2023RentedRenewal
AED 209,437/yr12 months · AED 65 per sqft
17 May 2022RentedNew contract
AED 210,000/yr12 months · AED 65 per sqft
16 Sep 2021SoldReady
AED 3,000,000AED 925 per sqft
8 Aug 2020RentedNew contract
AED 140,000/yr13 months · AED 43 per sqft

Source: Dubai Land Department. Updated 8 November 2023.

Key facts

Type
3-bed villa
Size
3,241 sqft
Developer
Emaar
Completed
2008
Service charge
AED 10,000 /yr
Last sold
AED 4.7M · November 2023
Community
Palmera 1

About TH078, Palmera 1

TH078 is a three-bedroom villa of 3,241 sqft in Palmera 1, a villa community in Arabian Ranches completed in 2008 by Emaar. It last sold on 7 November 2023 for AED 4,700,000, or AED 1,450 per sqft, 8% above the AED 1,342 three-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 13 Ejari contracts. The current contract, signed on 8 November 2023, is AED 133,538 a year: a gross yield of 2.8% on the 2023 price, before the service charge of about AED 10,000 a year.

Sales and rents for TH078 over time

Sales
Villa TH078, each saleTypical three-bed in Palmera 1
2.5M5M2008201320182023Typical sale price by year: 2008 AED 1,350,888; 2009 AED 1,351,888; 2010 AED 1,335,888; 2011 AED 1,383,388; 2012 AED 1,418,888; 2013 AED 2,900,000; 2015 AED 3,150,000; 2019 AED 2,050,000; 2020 AED 2,300,000; 2021 AED 3,225,000; 2022 AED 3,925,000; 2023 AED 4,325,000; 2025 AED 5,875,000Sold by developer, August 2008: AED 1,350,888 (AED 891 per sqft)Sold, September 2021: AED 3,000,000 (AED 925 per sqft)Sold, November 2023: AED 4,700,000 (AED 1,450 per sqft)

TH078 has sold 3 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa TH078, each contractTypical three-bed in Palmera 1
200K400K2012201620202024Typical rent by year: 2012 AED 170,000; 2013 AED 187,500; 2014 AED 215,000; 2015 AED 210,000; 2016 AED 217,500; 2017 AED 188,750; 2018 AED 177,535; 2019 AED 165,000; 2020 AED 150,000; 2021 AED 152,000; 2022 AED 175,000; 2023 AED 209,719; 2024 AED 234,070; 2025 AED 260,000; 2026 AED 300,000New contract, November 2013: AED 200,000 a yearNew contract, August 2014: AED 235,000 a yearNew contract, September 2015: AED 215,000 a yearRenewal, September 2016: AED 215,000 a yearNew contract, February 2018: AED 180,000 a yearRenewal, February 2019: AED 180,000 a yearRenewal, February 2020: AED 165,000 a yearNew contract, August 2020: AED 140,000 a yearNew contract, May 2022: AED 210,000 a yearRenewal, May 2023: AED 209,437 a yearNew contract, November 2023: AED 133,538 a yearNew contract, November 2023: AED 210,000 a yearNew contract, November 2023: AED 400,615 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the community.

3-beds in Palmera 1, and where TH078 sits

All 49 3-beds →

TH078 last sold in November 2023 at AED 1,450 per sqft, 8% above what three-beds in Palmera 1 were fetching at the time (AED 1,342). Over the last 12 months three-beds sold for AED 6,250,000 to 6,400,000, around AED 1,928 per sqft, and rent for AED 240,000 to 350,000 a year. TH078's AED 133,538 is at the bottom of that range.

Recent 3-bed salesVilla no.Price (AED)Summary
16 Jan 20266,250,000
8 Jan 20266,250,000
10 Dec 20256,400,000
21 Oct 20256,350,000
3 3-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 →

TH078, Palmera 1 in numbers

  • Sold 3 times: first on 27 August 2008 for AED 1,350,888, last on 7 November 2023 for AED 4,700,000 (AED 1,450 per sqft).
  • Rented since November 2013 on 13 Ejari contracts, from AED 200,000 to AED 133,538 a year.
  • At AED 133,538 a year the gross yield on the 2023 price is 2.8%, before a service charge of about AED 10,000 a year (AED 3.08 per sqft).
  • Three-beds in Palmera 1 sold for AED 6,250,000–6,400,000 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 November 2023.

Questions about TH078, Palmera 1

What did villa TH078 last sell for?

AED 4,700,000 on 7 November 2023: AED 1,450 per sqft for 3,241 sqft. The villa has 3 registered sales; the first was AED 1,350,888 in August 2008.

What is the rent for villa TH078?

AED 133,538 a year on the contract signed on 8 November 2023. The previous contract, from November 2023, was AED 210,000; the villa has been rented since November 2013.

How big is villa TH078?

3,241 sqft (301.1 sqm): a three-bedroom villa in Palmera 1, completed in 2008.

What is villa TH078 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Palmera 1 sold for AED 6,250,000 to 6,400,000 in the last 12 months, around AED 1,928 per sqft.

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Mortgage on TH078, Palmera 1

Starts from the last sale price (AED 4.7M, 7 November 2023). Switch to today's estimate once you have unlocked it.
Price
AED 4,700,000
Deposit, UAE resident (20%)
AED 940,000
Deposit, non-resident (40%)
AED 1,880,000
Monthly over 25 years at 3.7%
AED 19,229

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