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

TH118, Palmera 1

Sold prices and rental history: sold 5 times, last in September 2019, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH118 · DLD and Ejari recordsUpdated 15 March 2025
Last soldAED 1.35M12 September 2019
Current rentAED 174K /yr15 March 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH118, Palmera 1

What is TH118 worth today?

Last sold for AED 1,350,000 in 2019

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15 Mar 2025RentedNew contract
AED 174,250/yr24 months · AED 81 per sqft
20 Jul 2024RentedRenewal
AED 135,000/yr12 months · AED 63 per sqft
20 Jul 2023RentedRenewal
AED 125,000/yr12 months · AED 58 per sqft
20 Jul 2022RentedNew contract
AED 125,000/yr12 months · AED 58 per sqft
6 Oct 2021RentedNew contract
AED 110,000/yr12 months · AED 51 per sqft
20 Oct 2020RentedRenewal
AED 96,000/yr12 months · AED 45 per sqft
20 Oct 2019RentedNew contract
AED 120,000/yr12 months · AED 56 per sqft
12 Sep 2019SoldReady
AED 1,350,000AED 626 per sqft

Source: Dubai Land Department. Updated 15 March 2025.

Key facts

Type
2-bed villa
Size
2,156 sqft
Developer
Emaar
Completed
2008
Service charge
AED 6,600 /yr
Last sold
AED 1.35M · September 2019
Community
Palmera 1

About TH118, Palmera 1

TH118 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 12 September 2019 for AED 1,350,000, or AED 626 per sqft.

It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, signed on 15 March 2025, is AED 174,250 a year: a gross yield of 12.9% on the 2019 price, before the service charge of about AED 6,600 a year.

Sales and rents for TH118 over time

Sales
Villa TH118, 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, October 2008: AED 2,925,000 (AED 1,448 per sqft)Sold, October 2008: AED 1,840,000 (AED 910 per sqft)Sold, September 2010: AED 1,300,000 (AED 643 per sqft)Sold, September 2011: AED 1,350,000 (AED 668 per sqft)Sold, September 2019: AED 1,350,000 (AED 626 per sqft)

TH118 has sold 5 times; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH118, 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, December 2013: AED 107,000 a yearNew contract, September 2015: AED 140,000 a yearRenewal, September 2016: AED 139,612 a yearNew contract, October 2017: AED 122,000 a yearNew contract, October 2019: AED 120,000 a yearRenewal, October 2020: AED 96,000 a yearNew contract, October 2021: AED 110,000 a yearNew contract, July 2022: AED 125,000 a yearRenewal, July 2023: AED 125,000 a yearRenewal, July 2024: AED 135,000 a yearNew contract, March 2025: AED 174,250 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 TH118 sits

All 100 2-beds →

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. TH118's AED 174,250 is in the lower half 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 →

TH118, Palmera 1 in numbers

  • Sold 5 times: first on 22 October 2008 for AED 1,840,000, last on 12 September 2019 for AED 1,350,000 (AED 626 per sqft).
  • Rented since December 2013 on 11 Ejari contracts. The rent fell from AED 107,000 to AED 96,000 in 2020 and recovered to AED 174,250 by March 2025.
  • At AED 174,250 a year the gross yield on the 2019 price is 12.9%, 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 15 March 2025.

Questions about TH118, Palmera 1

What did villa TH118 last sell for?

AED 1,350,000 on 12 September 2019: AED 626 per sqft for 2,156 sqft. The villa has 5 registered sales; the first was AED 1,840,000 in October 2008.

What is the rent for villa TH118?

AED 174,250 a year on the contract signed on 15 March 2025. The previous contract, from July 2024, was AED 135,000; the villa has been rented since December 2013.

How big is villa TH118?

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

What is villa TH118 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 TH118, Palmera 1

Starts from the last sale price (AED 1.35M, 12 September 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,350,000
Deposit, UAE resident (20%)
AED 270,000
Deposit, non-resident (40%)
AED 540,000
Monthly over 25 years at 3.7%
AED 5,523

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