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2-bed · 2,158 sqftPalmera 2, Arabian Ranches · completed 2008

TH015, Palmera 2

Sold prices and rental history: sold 3 times, last in September 2021, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH015 · DLD and Ejari recordsUpdated 30 September 2021
Last soldAED 1.86M30 September 2021
Current rentAED 104K /yr5 May 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH015, Palmera 2

What is TH015 worth today?

Last sold for AED 1,862,500 in 2021

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30 Sep 2021SoldReady
AED 1,862,500AED 862 per sqft
5 May 2021RentedRenewal
AED 104,000/yr12 months · AED 48 per sqft
5 May 2020RentedRenewal
AED 104,000/yr12 months · AED 48 per sqft
5 May 2019RentedRenewal
AED 130,000/yr12 months · AED 60 per sqft
5 May 2018RentedRenewal
AED 130,000/yr12 months · AED 60 per sqft
24 May 2011Sold by developerReady
AED 822,500AED 707 per sqft
24 May 2011SoldReady
AED 774,888AED 666 per sqft

Source: Dubai Land Department. Updated 30 September 2021.

Key facts

Type
2-bed villa
Size
2,158 sqft
Developer
Emaar
Completed
2008
Service charge
AED 6,600 /yr
Last sold
AED 1.86M · September 2021
Community
Palmera 2

About TH015, Palmera 2

TH015 is a two-bedroom villa of 2,158 sqft in Palmera 2, a villa community in Arabian Ranches completed in 2008 by Emaar. It last sold on 30 September 2021 for AED 1,862,500, or AED 862 per sqft, 3% above the AED 834 two-beds in the community were fetching at the time.

It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, renewed on 5 May 2021, is AED 104,000 a year: a gross yield of 5.6% on the 2021 price, before the service charge of about AED 6,600 a year.

Sales and rents for TH015 over time

Sales
Villa TH015, 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 by developer, May 2011: AED 822,500 (AED 707 per sqft)Sold, May 2011: AED 774,888 (AED 666 per sqft)Sold, September 2021: AED 1,862,500 (AED 862 per sqft)

TH015 has sold 3 times; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH015, 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 157,500Renewal, May 2018: AED 130,000 a yearRenewal, May 2019: AED 130,000 a yearRenewal, May 2020: AED 104,000 a yearRenewal, May 2021: AED 104,000 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 2, and where TH015 sits

All 126 2-beds →

TH015 last sold in September 2021 at AED 862 per sqft, 3% above what two-beds in Palmera 2 were fetching at the time (AED 834). 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. TH015's AED 104,000 is at the bottom of that range.

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 →

TH015, Palmera 2 in numbers

  • Sold 3 times: first on 24 May 2011 for AED 774,888, last on 30 September 2021 for AED 1,862,500 (AED 862 per sqft).
  • Rented since May 2018 on 4 Ejari contracts, from AED 130,000 to AED 104,000 a year.
  • At AED 104,000 a year the gross yield on the 2021 price is 5.6%, before a service charge of about AED 6,600 a year (AED 3.08 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 30 September 2021.

Questions about TH015, Palmera 2

What did villa TH015 last sell for?

AED 1,862,500 on 30 September 2021: AED 862 per sqft for 2,158 sqft. The villa has 3 registered sales; the first was AED 774,888 in May 2011.

What is the rent for villa TH015?

AED 104,000 a year on the contract renewed on 5 May 2021. The previous contract, from May 2020, was AED 104,000; the villa has been rented since May 2018.

How big is villa TH015?

2,158 sqft (200.5 sqm): a two-bedroom villa in Palmera 2, completed in 2008.

What is villa TH015 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 TH015, Palmera 2

Starts from the last sale price (AED 1.86M, 30 September 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,862,500
Deposit, UAE resident (20%)
AED 372,500
Deposit, non-resident (40%)
AED 745,000
Monthly over 25 years at 3.7%
AED 7,620

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