3-bed · 966 sqftPalmera 1, Arabian Ranches · completed 2008

TH103, Palmera 1

Sold prices and rental history: sold once, by the developer in October 2011, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH103 · DLD and Ejari recordsUpdated 1 August 2024
Last soldAED 1.42M5 October 2011
Current rentAED 207K /yr1 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for TH103, Palmera 1

What is TH103 worth today?

Last sold for AED 1,418,888 in 2011

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1 Aug 2024RentedRenewal
AED 207,188/yr11 months · AED 64 per sqft
1 Aug 2023RentedRenewal
AED 207,500/yr12 months · AED 64 per sqft
1 Aug 2021RentedRenewal
AED 150,000/yr12 months · AED 46 per sqft
1 Aug 2018RentedRenewal
AED 175,000/yr12 months · AED 54 per sqft
1 Aug 2017RentedRenewal
AED 187,500/yr12 months · AED 58 per sqft
1 Aug 2016RentedNew contract
AED 230,000/yr12 months · AED 71 per sqft
1 Aug 2015RentedNew contract
AED 235,000/yr12 months · AED 73 per sqft
1 Aug 2014RentedNew contract
AED 235,000/yr12 months · AED 73 per sqft

Source: Dubai Land Department. Updated 1 August 2024.

Key facts

Type
3-bed villa
Size
966 sqft
Developer
Emaar
Completed
2008
Service charge
AED 3,000 /yr
Last sold
AED 1.42M · October 2011
Community
Palmera 1

About TH103, Palmera 1

TH103 is a three-bedroom villa of 966 sqft in Palmera 1, a villa community in Arabian Ranches completed in 2008 by Emaar. The developer sold it on 5 October 2011 for AED 1,418,888, or AED 1,469 per sqft, 62% above the AED 908 three-beds in the community were fetching at the time.

It has been rented continuously since 2012 on 10 Ejari contracts. The current contract, renewed on 1 August 2024, is AED 207,188 a year: a gross yield of 14.6% on the 2011 price, before the service charge of about AED 3,000 a year.

Sales and rents for TH103 over time

Sales
Villa TH103, 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, October 2011: AED 1,418,888 (AED 1,469 per sqft)

TH103 has sold once; the dashed line is the three-bed median of each year in the community.

Rents
Villa TH103, each contractTypical three-bed in Palmera 1
200K300K2012201620202024Typical 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, September 2012: AED 170,000 a yearNew contract, October 2013: AED 230,000 a yearNew contract, August 2014: AED 235,000 a yearNew contract, August 2015: AED 235,000 a yearNew contract, August 2016: AED 230,000 a yearRenewal, August 2017: AED 187,500 a yearRenewal, August 2018: AED 175,000 a yearRenewal, August 2021: AED 150,000 a yearRenewal, August 2023: AED 207,500 a yearRenewal, August 2024: AED 207,188 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 TH103 sits

All 49 3-beds →

TH103 last sold in October 2011 at AED 1,469 per sqft, 62% above what three-beds in Palmera 1 were fetching at the time (AED 908). 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. TH103's AED 207,188 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 →

TH103, Palmera 1 in numbers

  • Sold once: by Emaar on 5 October 2011 for AED 1,418,888, or AED 1,469 per sqft.
  • Rented since September 2012 on 10 Ejari contracts. The rent fell from AED 170,000 to AED 150,000 in 2021 and recovered to AED 207,188 by August 2024.
  • At AED 207,188 a year the gross yield on the 2011 price is 14.6%, before a service charge of about AED 3,000 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 1 August 2024.

Questions about TH103, Palmera 1

What did villa TH103 last sell for?

AED 1,418,888 on 5 October 2011, sold by the developer: AED 1,469 per sqft for 966 sqft. It is the only registered sale of the villa.

What is the rent for villa TH103?

AED 207,188 a year on the contract renewed on 1 August 2024. The previous contract, from August 2023, was AED 207,500; the villa has been rented since September 2012.

How big is villa TH103?

966 sqft (89.7 sqm): a three-bedroom villa in Palmera 1, completed in 2008.

What is villa TH103 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 TH103, Palmera 1

Starts from the last sale price (AED 1.42M, 5 October 2011). Switch to today's estimate once you have unlocked it.
Price
AED 1,418,888
Deposit, UAE resident (20%)
AED 283,778
Deposit, non-resident (40%)
AED 567,555
Monthly over 25 years at 3.7%
AED 5,805

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