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3-bed · 3,241 sqftPalmera 1, Arabian Ranches · completed 2008

TH138, Palmera 1

Sold prices and rental history: sold 3 times, last in August 2022, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH138 · DLD and Ejari recordsUpdated 26 August 2022
Last soldAED 3.93M26 August 2022
Current rentAED 160K /yr8 January 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH138, Palmera 1

What is TH138 worth today?

Last sold for AED 3,925,000 in 2022

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26 Aug 2022SoldReady
AED 3,925,000AED 1,211 per sqft
8 Jan 2022RentedRenewal
AED 160,000/yr12 months · AED 49 per sqft
8 Jan 2021RentedRenewal
AED 150,000/yr12 months · AED 46 per sqft
8 Jan 2020RentedNew contract
AED 150,000/yr12 months · AED 46 per sqft
3 Feb 2019RentedRenewal
AED 189,646/yr11 months · AED 59 per sqft
3 Feb 2018RentedRenewal
AED 205,000/yr12 months · AED 63 per sqft
3 Feb 2017RentedRenewal
AED 205,000/yr12 months · AED 63 per sqft
3 Feb 2015RentedNew contract
AED 205,000/yr12 months · AED 63 per sqft

Source: Dubai Land Department. Updated 26 August 2022.

Key facts

Type
3-bed villa
Size
3,241 sqft
Developer
Emaar
Completed
2008
Service charge
AED 10,000 /yr
Last sold
AED 3.93M · August 2022
Community
Palmera 1

About TH138, Palmera 1

TH138 is a three-bedroom villa of 3,241 sqft in Palmera 1, a villa community in Arabian Ranches completed in 2008 by Emaar. It last sold on 26 August 2022 for AED 3,925,000, or AED 1,211 per sqft, 8% above the AED 1,117 three-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, renewed on 8 January 2022, is AED 160,000 a year: a gross yield of 4.1% on the 2022 price, before the service charge of about AED 10,000 a year.

Sales and rents for TH138 over time

Sales
Villa TH138, 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, December 2009: AED 2,700,000 (AED 1,374 per sqft)Sold, December 2009: AED 1,286,888 (AED 657 per sqft)Sold, August 2022: AED 3,925,000 (AED 1,211 per sqft)

TH138 has sold 3 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa TH138, 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, February 2013: AED 190,000 a yearNew contract, February 2015: AED 205,000 a yearRenewal, February 2017: AED 205,000 a yearRenewal, February 2018: AED 205,000 a yearRenewal, February 2019: AED 189,646 a yearNew contract, January 2020: AED 150,000 a yearRenewal, January 2021: AED 150,000 a yearRenewal, January 2022: AED 160,000 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 TH138 sits

All 49 3-beds →

TH138 last sold in August 2022 at AED 1,211 per sqft, 8% above what three-beds in Palmera 1 were fetching at the time (AED 1,117). 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. TH138's AED 160,000 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 →

TH138, Palmera 1 in numbers

  • Sold 3 times: first on 16 December 2009 for AED 1,286,888, last on 26 August 2022 for AED 3,925,000 (AED 1,211 per sqft).
  • Rented since February 2013 on 8 Ejari contracts, from AED 190,000 to AED 160,000 a year.
  • At AED 160,000 a year the gross yield on the 2022 price is 4.1%, before a service charge of about AED 10,000 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 26 August 2022.

Questions about TH138, Palmera 1

What did villa TH138 last sell for?

AED 3,925,000 on 26 August 2022: AED 1,211 per sqft for 3,241 sqft. The villa has 3 registered sales; the first was AED 1,286,888 in December 2009.

What is the rent for villa TH138?

AED 160,000 a year on the contract renewed on 8 January 2022. The previous contract, from January 2021, was AED 150,000; the villa has been rented since February 2013.

How big is villa TH138?

3,241 sqft (301.1 sqm): a three-bedroom villa in Palmera 1, completed in 2008.

What is villa TH138 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 TH138, Palmera 1

Starts from the last sale price (AED 3.93M, 26 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 3,925,000
Deposit, UAE resident (20%)
AED 785,000
Deposit, non-resident (40%)
AED 1,570,000
Monthly over 25 years at 3.7%
AED 16,058

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