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2-bed · 2,439 sqftPalmera 2, Arabian Ranches · completed 2008

TH008, Palmera 2

Sold prices and rental history: sold 3 times, last in May 2018, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH008 · DLD and Ejari recordsUpdated 3 May 2018
Last soldAED 2.25M3 May 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH008, Palmera 2

What is TH008 worth today?

Last sold for AED 2,250,000 in 2018

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3 May 2018SoldReady
AED 2,250,000AED 922 per sqft
13 Oct 2010SoldReady
AED 1,685,000AED 690 per sqft
16 Feb 2009Sold by developerReady · flagged as an outlier
AED 496,944AED 203 per sqft

Source: Dubai Land Department. Updated 3 May 2018.

Key facts

Type
2-bed villa
Size
2,439 sqft
Developer
Emaar
Completed
2008
Service charge
AED 7,500 /yr
Last sold
AED 2.25M · May 2018
Community
Palmera 2

About TH008, Palmera 2

TH008 is a two-bedroom villa of 2,439 sqft in Palmera 2, a villa community in Arabian Ranches completed in 2008 by Emaar. It last sold on 3 May 2018 for AED 2,250,000, or AED 922 per sqft, 6% below the AED 976 two-beds in the community were fetching at the time.

No rental contract for the villa is registered on Ejari.

Sales and rents for TH008 over time

Sales
Villa TH008, each saleTypical two-bed in Palmera 2
2M2008201320182023Typical sale price by year: 2008 AED 986,888; 2009 AED 1,002,388; 2010 AED 1,007,888; 2011 AED 1,012,888; 2012 AED 1,637,500; 2013 AED 2,032,500; 2014 AED 2,300,000; 2015 AED 2,300,000; 2016 AED 2,200,000; 2017 AED 2,400,000; 2018 AED 2,175,000; 2020 AED 1,615,000; 2021 AED 1,862,500; 2022 AED 2,850,000; 2023 AED 2,675,000; 2024 AED 3,037,500; 2025 AED 3,487,500Sold, October 2010: AED 1,685,000 (AED 690 per sqft)Sold, May 2018: AED 2,250,000 (AED 922 per sqft)

TH008 has sold twice; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH008, each contractTypical two-bed in Palmera 2
100K150K2012201620202024Typical rent by year: 2012 AED 120,000; 2013 AED 132,000; 2014 AED 151,125; 2015 AED 160,000; 2016 AED 160,000; 2017 AED 150,000; 2018 AED 131,000; 2019 AED 125,000; 2020 AED 105,000; 2021 AED 110,000; 2022 AED 125,000; 2023 AED 132,000; 2024 AED 155,000; 2025 AED 165,000; 2026 AED 157,500

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the community.

2-beds in Palmera 2, and where TH008 sits

All 126 2-beds →

TH008 last sold in May 2018 at AED 922 per sqft, 6% below what two-beds in Palmera 2 were fetching at the time (AED 976). Over the last 12 months two-beds sold for AED 3,900,000, around AED 1,808 per sqft, and rent for AED 135,000 to 280,000 a year.

Recent 2-bed salesVilla no.Price (AED)Summary
18 Dec 20253,900,000
29 Oct 20253,400,000
12 Sep 20254,650,000
11 Aug 20253,550,000
1 2-bed sale in the last 12 months

Palmera 2

Community

190 villas, 1-bed to 3-bed in Arabian Ranches, completed in 2008 by Emaar. 1 sold in the last 12 months.

Typical price per sqft
AED 1,808
Typical sale
AED 3.9M
Typical rent
AED 170K /yr
Typical yield
4.1%
Palmera 2, Arabian Ranches: prices, sales and rents →

TH008, Palmera 2 in numbers

  • Sold 3 times: first on 16 February 2009 for AED 496,944, last on 3 May 2018 for AED 2,250,000 (AED 922 per sqft).
  • Two-beds in Palmera 2 sold for AED 3,900,000–3,900,000 in the 12 months to November 2026; the community's median across all types is AED 1,808 per sqft.

Source: Dubai Land Department. Updated 3 May 2018.

Questions about TH008, Palmera 2

What did villa TH008 last sell for?

AED 2,250,000 on 3 May 2018: AED 922 per sqft for 2,439 sqft. The villa has 3 registered sales; the first was AED 496,944 in February 2009.

How big is villa TH008?

2,439 sqft (226.6 sqm): a two-bedroom villa in Palmera 2, completed in 2008.

What is villa TH008 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Palmera 2 sold for AED 3,900,000 to 3,900,000 in the last 12 months, around AED 1,808 per sqft.

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Mortgage on TH008, Palmera 2

Starts from the last sale price (AED 2.25M, 3 May 2018). Switch to today's estimate once you have unlocked it.
Price
AED 2,250,000
Deposit, UAE resident (20%)
AED 450,000
Deposit, non-resident (40%)
AED 900,000
Monthly over 25 years at 3.7%
AED 9,205

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