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3-bed · 1,439 sqftPalmera 1, Arabian Ranches · completed 2008

TH115, Palmera 1

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

Villa TH115 · DLD and Ejari recordsUpdated 29 September 2024
Last soldAED 1.31M23 January 2011
Current rentAED 180K /yr29 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH115, Palmera 1

What is TH115 worth today?

Last sold for AED 1,306,888 in 2011

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29 Sep 2024RentedRenewal
AED 180,000/yr12 months · AED 56 per sqft
29 Sep 2023RentedRenewal
AED 137,000/yr12 months · AED 42 per sqft
29 Sep 2022RentedRenewal
AED 137,000/yr12 months · AED 42 per sqft
1 Sep 2019RentedRenewal
AED 160,000/yr12 months · AED 49 per sqft
1 Sep 2018RentedRenewal
AED 165,000/yr12 months · AED 51 per sqft
1 Sep 2017RentedRenewal
AED 190,000/yr12 months · AED 59 per sqft
1 Sep 2016RentedRenewal
AED 180,000/yr12 months · AED 56 per sqft
1 Sep 2014RentedRenewal
AED 160,000/yr12 months · AED 49 per sqft

Source: Dubai Land Department. Updated 29 September 2024.

Key facts

Type
3-bed villa
Size
1,439 sqft
Developer
Emaar
Completed
2008
Service charge
AED 4,400 /yr
Last sold
AED 1.31M · January 2011
Community
Palmera 1

About TH115, Palmera 1

TH115 is a three-bedroom villa of 1,439 sqft in Palmera 1, a villa community in Arabian Ranches completed in 2008 by Emaar. The developer sold it on 23 January 2011 for AED 1,306,888, or AED 908 per sqft, 14% below the AED 1,051 three-beds in the community were fetching at the time.

It has been rented continuously since 2012 on 11 Ejari contracts. The current contract, renewed on 29 September 2024, is AED 180,000 a year: a gross yield of 13.8% on the 2011 price, before the service charge of about AED 4,400 a year.

Sales and rents for TH115 over time

Sales
Villa TH115, 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, January 2011: AED 1,306,888 (AED 908 per sqft)

TH115 has sold once; the dashed line is the three-bed median of each year in the community.

Rents
Villa TH115, 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 150,000 a yearNew contract, September 2013: AED 160,000 a yearRenewal, September 2014: AED 160,000 a yearNew contract, September 2014: AED 160,000 a yearRenewal, September 2016: AED 180,000 a yearRenewal, September 2017: AED 190,000 a yearRenewal, September 2018: AED 165,000 a yearRenewal, September 2019: AED 160,000 a yearRenewal, September 2022: AED 137,000 a yearRenewal, September 2023: AED 137,000 a yearRenewal, September 2024: AED 180,000 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 TH115 sits

All 49 3-beds →

TH115 last sold in January 2011 at AED 908 per sqft, 14% below what three-beds in Palmera 1 were fetching at the time (AED 1,051). 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. TH115's AED 180,000 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 →

TH115, Palmera 1 in numbers

  • Sold once: by Emaar on 23 January 2011 for AED 1,306,888, or AED 908 per sqft.
  • Rented since September 2012 on 11 Ejari contracts, from AED 150,000 to AED 180,000 a year.
  • At AED 180,000 a year the gross yield on the 2011 price is 13.8%, before a service charge of about AED 4,400 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 29 September 2024.

Questions about TH115, Palmera 1

What did villa TH115 last sell for?

AED 1,306,888 on 23 January 2011, sold by the developer: AED 908 per sqft for 1,439 sqft. It is the only registered sale of the villa.

What is the rent for villa TH115?

AED 180,000 a year on the contract renewed on 29 September 2024. The previous contract, from September 2023, was AED 137,000; the villa has been rented since September 2012.

How big is villa TH115?

1,439 sqft (133.7 sqm): a three-bedroom villa in Palmera 1, completed in 2008.

What is villa TH115 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 TH115, Palmera 1

Starts from the last sale price (AED 1.31M, 23 January 2011). Switch to today's estimate once you have unlocked it.
Price
AED 1,306,888
Deposit, UAE resident (20%)
AED 261,378
Deposit, non-resident (40%)
AED 522,755
Monthly over 25 years at 3.7%
AED 5,347

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