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2-bed · 1,871 sqftPalmera 1, Arabian Ranches · completed 2008

TH129, Palmera 1

Sold prices and rental history: sold twice, last in June 2009, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH129 · DLD and Ejari recordsUpdated 12 August 2024
Last soldAED 1.43M16 June 2009
Current rentAED 109K /yr12 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH129, Palmera 1

What is TH129 worth today?

Last sold for AED 1,425,000 in 2009

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12 Aug 2024RentedNew contract
AED 108,928/yr4 months · AED 50 per sqft
13 Aug 2022RentedRenewal
AED 104,000/yr12 months · AED 48 per sqft
13 Aug 2021RentedRenewal
AED 97,750/yr12 months · AED 45 per sqft
13 Aug 2020RentedRenewal
AED 85,000/yr12 months · AED 39 per sqft
13 Aug 2019RentedNew contract
AED 105,000/yr12 months · AED 49 per sqft
28 Jul 2018RentedNew contract
AED 120,000/yr12 months · AED 56 per sqft
19 Jul 2016RentedRenewal
AED 140,000/yr12 months · AED 65 per sqft
19 Jul 2015RentedRenewal
AED 140,000/yr12 months · AED 65 per sqft

Source: Dubai Land Department. Updated 12 August 2024.

Key facts

Type
2-bed villa
Size
1,871 sqft
Developer
Emaar
Completed
2008
Service charge
AED 5,800 /yr
Last sold
AED 1.43M · June 2009
Community
Palmera 1

About TH129, Palmera 1

TH129 is a two-bedroom villa of 1,871 sqft in Palmera 1, a villa community in Arabian Ranches completed in 2008 by Emaar. It last sold on 16 June 2009 for AED 1,425,000, or AED 761 per sqft, in line with the AED 760 two-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, signed on 12 August 2024, is AED 108,928 a year: a gross yield of 7.6% on the 2009 price, before the service charge of about AED 5,800 a year.

Sales and rents for TH129 over time

Sales
Villa TH129, 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, June 2009: AED 1,425,000 (AED 761 per sqft)

TH129 has sold once; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH129, 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, July 2013: AED 140,000 a yearNew contract, July 2014: AED 140,000 a yearRenewal, July 2015: AED 140,000 a yearRenewal, July 2016: AED 140,000 a yearNew contract, July 2018: AED 120,000 a yearNew contract, August 2019: AED 105,000 a yearRenewal, August 2020: AED 85,000 a yearRenewal, August 2021: AED 97,750 a yearRenewal, August 2022: AED 104,000 a yearNew contract, August 2024: AED 108,928 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 TH129 sits

All 100 2-beds →

TH129 last sold in June 2009 at AED 761 per sqft, in line with what two-beds in Palmera 1 were fetching at the time (AED 760). 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. TH129's AED 108,928 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 →

TH129, Palmera 1 in numbers

  • Sold twice: first on 19 March 2009 for AED 364,444, last on 16 June 2009 for AED 1,425,000 (AED 761 per sqft).
  • Rented since July 2013 on 10 Ejari contracts. The rent fell from AED 140,000 to AED 85,000 in 2020 and recovered to AED 108,928 by August 2024.
  • At AED 108,928 a year the gross yield on the 2009 price is 7.6%, before a service charge of about AED 5,800 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 12 August 2024.

Questions about TH129, Palmera 1

What did villa TH129 last sell for?

AED 1,425,000 on 16 June 2009: AED 761 per sqft for 1,871 sqft. The villa has 2 registered sales; the first was AED 364,444 in March 2009.

What is the rent for villa TH129?

AED 108,928 a year on the contract signed on 12 August 2024. The previous contract, from August 2022, was AED 104,000; the villa has been rented since July 2013.

How big is villa TH129?

1,871 sqft (173.8 sqm): a two-bedroom villa in Palmera 1, completed in 2008.

What is villa TH129 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 TH129, Palmera 1

Starts from the last sale price (AED 1.43M, 16 June 2009). Switch to today's estimate once you have unlocked it.
Price
AED 1,425,000
Deposit, UAE resident (20%)
AED 285,000
Deposit, non-resident (40%)
AED 570,000
Monthly over 25 years at 3.7%
AED 5,830

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