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

TH022, Palmera 2

Sold prices and rental history: sold once, by the developer in November 2013, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH022 · DLD and Ejari recordsUpdated 15 September 2024
Last soldAED 775K21 November 2013
Current rentAED 145K /yr15 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH022, Palmera 2

What is TH022 worth today?

Last sold for AED 774,888 in 2013

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15 Sep 2024RentedRenewal
AED 145,000/yr12 months · AED 67 per sqft
15 Sep 2023RentedNew contract
AED 145,000/yr12 months · AED 67 per sqft
1 Jul 2022RentedRenewal
AED 86,250/yr12 months · AED 40 per sqft
1 Jul 2021RentedRenewal
AED 75,000/yr12 months · AED 35 per sqft
1 Jul 2020RentedNew contract
AED 75,000/yr12 months · AED 35 per sqft
15 Jan 2020RentedNew contract
AED 110,000/yr12 months · AED 51 per sqft
3 Jul 2019RentedNew contract
AED 110,000/yr12 months · AED 51 per sqft
1 Jul 2018RentedNew contract
AED 125,000/yr12 months · AED 58 per sqft

Source: Dubai Land Department. Updated 15 September 2024.

Key facts

Type
2-bed villa
Size
2,156 sqft
Developer
Emaar
Completed
2008
Service charge
AED 6,600 /yr
Last sold
AED 775K · November 2013
Community
Palmera 2

About TH022, Palmera 2

TH022 is a two-bedroom villa of 2,156 sqft in Palmera 2, a villa community in Arabian Ranches completed in 2008 by Emaar. The developer sold it on 21 November 2013 for AED 774,888, or AED 359 per sqft, 64% below the AED 985 two-beds in the community were fetching at the time.

It has been rented continuously since 2015 on 10 Ejari contracts. The current contract, renewed on 15 September 2024, is AED 145,000 a year: a gross yield of 18.7% on the 2013 price, before the service charge of about AED 6,600 a year.

Sales and rents for TH022 over time

Sales
Villa TH022, 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, November 2013: AED 774,888 (AED 359 per sqft)

TH022 has sold once; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH022, 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, December 2015: AED 165,000 a yearNew contract, May 2017: AED 130,000 a yearNew contract, July 2018: AED 125,000 a yearNew contract, July 2019: AED 110,000 a yearNew contract, January 2020: AED 110,000 a yearNew contract, July 2020: AED 75,000 a yearRenewal, July 2021: AED 75,000 a yearRenewal, July 2022: AED 86,250 a yearNew contract, September 2023: AED 145,000 a yearRenewal, September 2024: AED 145,000 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 TH022 sits

All 126 2-beds →

TH022 last sold in November 2013 at AED 359 per sqft, 64% below what two-beds in Palmera 2 were fetching at the time (AED 985). 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. TH022's AED 145,000 is in the lower half 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 →

TH022, Palmera 2 in numbers

  • Sold once: by Emaar on 21 November 2013 for AED 774,888, or AED 359 per sqft.
  • Rented since December 2015 on 10 Ejari contracts. The rent fell from AED 165,000 to AED 75,000 in 2021 and recovered to AED 145,000 by September 2024.
  • At AED 145,000 a year the gross yield on the 2013 price is 18.7%, 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 15 September 2024.

Questions about TH022, Palmera 2

What did villa TH022 last sell for?

AED 774,888 on 21 November 2013, sold by the developer: AED 359 per sqft for 2,156 sqft. It is the only registered sale of the villa.

What is the rent for villa TH022?

AED 145,000 a year on the contract renewed on 15 September 2024. The previous contract, from September 2023, was AED 145,000; the villa has been rented since December 2015.

How big is villa TH022?

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

What is villa TH022 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 TH022, Palmera 2

Starts from the last sale price (AED 775K, 21 November 2013). Switch to today's estimate once you have unlocked it.
Price
AED 774,888
Deposit, UAE resident (20%)
AED 154,978
Deposit, non-resident (40%)
AED 309,955
Monthly over 25 years at 3.7%
AED 3,170

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