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

TH111, Palmera 1

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

Villa TH111 · DLD and Ejari recordsUpdated 29 August 2021
Last soldAED 2.1M26 August 2021
Current rentAED 110K /yr29 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH111, Palmera 1

What is TH111 worth today?

Last sold for AED 2,100,000 in 2021

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29 Aug 2021RentedNew contract
AED 110,000/yr12 months · AED 51 per sqft
26 Aug 2021SoldReady
AED 2,100,000AED 972 per sqft
1 Aug 2020RentedRenewal
AED 144,000/yr12 months · AED 67 per sqft
1 Aug 2019RentedRenewal
AED 144,000/yr12 months · AED 67 per sqft
1 Aug 2018RentedRenewal
AED 142,000/yr12 months · AED 66 per sqft
1 Aug 2017RentedRenewal
AED 155,000/yr12 months · AED 72 per sqft
1 Aug 2016RentedNew contract
AED 175,000/yr12 months · AED 81 per sqft
17 Sep 2015RentedNew contract
AED 230,000/yr12 months · AED 107 per sqft

Source: Dubai Land Department. Updated 29 August 2021.

Key facts

Type
2-bed villa
Size
2,158 sqft
Developer
Emaar
Completed
2008
Service charge
AED 6,600 /yr
Last sold
AED 2.1M · August 2021
Community
Palmera 1

About TH111, Palmera 1

TH111 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 26 August 2021 for AED 2,100,000, or AED 972 per sqft, 41% above the AED 688 two-beds in the community were fetching at the time.

It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, signed on 29 August 2021, is AED 110,000 a year: a gross yield of 5.2% on the 2021 price, before the service charge of about AED 6,600 a year.

Sales and rents for TH111 over time

Sales
Villa TH111, 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, September 2009: AED 728,888 (AED 396 per sqft)Sold, September 2009: AED 1,590,300 (AED 866 per sqft)Sold, February 2011: AED 1,225,000 (AED 667 per sqft)Sold, August 2021: AED 2,100,000 (AED 972 per sqft)

TH111 has sold 4 times; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH111, each contractTypical two-bed in Palmera 1
100K200K2012201620202024Typical 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, September 2014: AED 190,000 a yearNew contract, September 2015: AED 230,000 a yearNew contract, August 2016: AED 175,000 a yearRenewal, August 2017: AED 155,000 a yearRenewal, August 2018: AED 142,000 a yearRenewal, August 2019: AED 144,000 a yearRenewal, August 2020: AED 144,000 a yearNew contract, August 2021: AED 110,000 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 TH111 sits

All 100 2-beds →

TH111 last sold in August 2021 at AED 972 per sqft, 41% above what two-beds in Palmera 1 were fetching at the time (AED 688). 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. TH111's AED 110,000 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 →

TH111, Palmera 1 in numbers

  • Sold 4 times: first on 13 September 2009 for AED 1,590,300, last on 26 August 2021 for AED 2,100,000 (AED 972 per sqft).
  • Rented since September 2014 on 8 Ejari contracts, from AED 190,000 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2021 price is 5.2%, 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 29 August 2021.

Questions about TH111, Palmera 1

What did villa TH111 last sell for?

AED 2,100,000 on 26 August 2021: AED 972 per sqft for 2,158 sqft. The villa has 4 registered sales; the first was AED 1,590,300 in September 2009.

What is the rent for villa TH111?

AED 110,000 a year on the contract signed on 29 August 2021. The previous contract, from August 2020, was AED 144,000; the villa has been rented since September 2014.

How big is villa TH111?

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

What is villa TH111 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 TH111, Palmera 1

Starts from the last sale price (AED 2.1M, 26 August 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,100,000
Deposit, UAE resident (20%)
AED 420,000
Deposit, non-resident (40%)
AED 840,000
Monthly over 25 years at 3.7%
AED 8,592

Plus AED 93,210 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →