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

TH106, Palmera 1

Sold prices and rental history: sold 4 times, last in March 2021, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH106 · DLD and Ejari recordsUpdated 18 March 2021
Last soldAED 1.63M18 March 2021
Current rentAED 100K /yr15 January 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH106, Palmera 1

What is TH106 worth today?

Last sold for AED 1,625,000 in 2021

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18 Mar 2021SoldReady
AED 1,625,000AED 753 per sqft
15 Jan 2020RentedNew contract
AED 100,000/yr12 months · AED 46 per sqft
27 Nov 2018RentedRenewal
AED 132,000/yr12 months · AED 61 per sqft
27 Nov 2017RentedRenewal
AED 145,000/yr12 months · AED 67 per sqft
27 Nov 2016RentedNew contract
AED 150,000/yr12 months · AED 70 per sqft
20 Nov 2014RentedNew contract
AED 160,000/yr12 months · AED 74 per sqft
3 Jun 2012SoldReady
AED 1,600,000AED 805 per sqft
6 Nov 2008Sold by developerReady
AED 1,925,000AED 969 per sqft

Source: Dubai Land Department. Updated 18 March 2021.

Key facts

Type
2-bed villa
Size
2,156 sqft
Developer
Emaar
Completed
2008
Service charge
AED 6,600 /yr
Last sold
AED 1.63M · March 2021
Community
Palmera 1

About TH106, Palmera 1

TH106 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 18 March 2021 for AED 1,625,000, or AED 753 per sqft, 15% above the AED 654 two-beds in the community were fetching at the time.

It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, signed on 15 January 2020, is AED 100,000 a year: a gross yield of 6.2% on the 2021 price, before the service charge of about AED 6,600 a year.

Sales and rents for TH106 over time

Sales
Villa TH106, 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 2008: AED 1,925,000 (AED 969 per sqft)Sold, November 2008: AED 3,130,000 (AED 1,576 per sqft)Sold, June 2012: AED 1,600,000 (AED 805 per sqft)Sold, March 2021: AED 1,625,000 (AED 753 per sqft)

TH106 has sold 4 times; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH106, 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 160,000 a yearNew contract, November 2016: AED 150,000 a yearRenewal, November 2017: AED 145,000 a yearRenewal, November 2018: AED 132,000 a yearNew contract, January 2020: AED 100,000 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 TH106 sits

All 100 2-beds →

TH106 last sold in March 2021 at AED 753 per sqft, 15% above what two-beds in Palmera 1 were fetching at the time (AED 654). 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. TH106's AED 100,000 is at the bottom 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 →

TH106, Palmera 1 in numbers

  • Sold 4 times: first on 6 November 2008 for AED 3,130,000, last on 18 March 2021 for AED 1,625,000 (AED 753 per sqft).
  • Rented since November 2014 on 5 Ejari contracts, from AED 160,000 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2021 price is 6.2%, 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 18 March 2021.

Questions about TH106, Palmera 1

What did villa TH106 last sell for?

AED 1,625,000 on 18 March 2021: AED 753 per sqft for 2,156 sqft. The villa has 4 registered sales; the first was AED 3,130,000 in November 2008.

What is the rent for villa TH106?

AED 100,000 a year on the contract signed on 15 January 2020. The previous contract, from November 2018, was AED 132,000; the villa has been rented since November 2014.

How big is villa TH106?

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

What is villa TH106 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 TH106, Palmera 1

Starts from the last sale price (AED 1.63M, 18 March 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,625,000
Deposit, UAE resident (20%)
AED 325,000
Deposit, non-resident (40%)
AED 650,000
Monthly over 25 years at 3.7%
AED 6,648

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