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3-bed · 3,241 sqftPalmera 2, Arabian Ranches · completed 2008

TH024, Palmera 2

Sold prices and rental history: sold twice, last in January 2023, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH024 · DLD and Ejari recordsUpdated 30 January 2023
Last soldAED 3.75M30 January 2023
Current rentAED 155K /yr12 August 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH024, Palmera 2

What is TH024 worth today?

Last sold for AED 3,750,000 in 2023

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30 Jan 2023SoldReady
AED 3,750,000AED 1,157 per sqft
12 Aug 2020RentedRenewal
AED 155,000/yr13 months · AED 48 per sqft
12 Aug 2018RentedRenewal
AED 180,000/yr12 months · AED 56 per sqft
12 Aug 2017RentedNew contract
AED 180,000/yr12 months · AED 56 per sqft
15 Jul 2016RentedNew contract
AED 200,000/yr12 months · AED 62 per sqft
21 Nov 2013Sold by developerReady
AED 4,150,000AED 1,280 per sqft

Source: Dubai Land Department. Updated 30 January 2023.

Key facts

Type
3-bed villa
Size
3,241 sqft
Developer
Emaar
Completed
2008
Service charge
AED 10,000 /yr
Last sold
AED 3.75M · January 2023
Community
Palmera 2

About TH024, Palmera 2

TH024 is a three-bedroom villa of 3,241 sqft in Palmera 2, a villa community in Arabian Ranches completed in 2008 by Emaar. It last sold on 30 January 2023 for AED 3,750,000, or AED 1,157 per sqft, 4% below the AED 1,200 three-beds in the community were fetching at the time.

It has been rented continuously since 2016 on 4 Ejari contracts. The current contract, renewed on 12 August 2020, is AED 155,000 a year: a gross yield of 4.1% on the 2023 price, before the service charge of about AED 10,000 a year.

Sales and rents for TH024 over time

Sales
Villa TH024, each saleTypical three-bed in Palmera 2
2M4M6M2008201320182023Typical sale price by year: 2008 AED 1,418,888; 2009 AED 1,516,888; 2010 AED 1,399,888; 2011 AED 1,523,888; 2012 AED 2,900,000; 2013 AED 1,501,388; 2014 AED 4,000,000; 2015 AED 3,400,000; 2016 AED 3,350,000; 2018 AED 2,750,000; 2019 AED 2,675,000; 2020 AED 2,250,000; 2022 AED 3,825,000; 2023 AED 4,250,000; 2024 AED 5,475,000; 2025 AED 5,500,000Sold by developer, November 2013: AED 4,150,000 (AED 1,280 per sqft)Sold, January 2023: AED 3,750,000 (AED 1,157 per sqft)

TH024 has sold twice; the dashed line is the three-bed median of each year in the community.

Rents
Villa TH024, each contractTypical three-bed in Palmera 2
200K300K2012201620202024Typical rent by year: 2012 AED 189,000; 2013 AED 195,000; 2014 AED 215,000; 2015 AED 217,500; 2016 AED 215,000; 2017 AED 202,500; 2018 AED 177,500; 2019 AED 165,000; 2020 AED 150,000; 2021 AED 155,000; 2022 AED 170,000; 2023 AED 188,000; 2024 AED 257,500; 2025 AED 279,000New contract, July 2016: AED 200,000 a yearNew contract, August 2017: AED 180,000 a yearRenewal, August 2018: AED 180,000 a yearRenewal, August 2020: AED 155,000 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 2, and where TH024 sits

All 63 3-beds →

TH024 last sold in January 2023 at AED 1,157 per sqft, 4% below what three-beds in Palmera 2 were fetching at the time (AED 1,200).

Recent 3-bed salesVilla no.Price (AED)Summary
29 Aug 20256,100,000
30 May 20255,500,000
21 Feb 20255,400,000
30 Sep 20245,500,000
0 3-bed sales 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 →

TH024, Palmera 2 in numbers

  • Sold twice: first on 21 November 2013 for AED 4,150,000, last on 30 January 2023 for AED 3,750,000 (AED 1,157 per sqft).
  • Rented since July 2016 on 4 Ejari contracts, from AED 200,000 to AED 155,000 a year.
  • At AED 155,000 a year the gross yield on the 2023 price is 4.1%, before a service charge of about AED 10,000 a year (AED 3.08 per sqft).

Source: Dubai Land Department. Updated 30 January 2023.

Questions about TH024, Palmera 2

What did villa TH024 last sell for?

AED 3,750,000 on 30 January 2023: AED 1,157 per sqft for 3,241 sqft. The villa has 2 registered sales; the first was AED 4,150,000 in November 2013.

What is the rent for villa TH024?

AED 155,000 a year on the contract renewed on 12 August 2020. The previous contract, from August 2018, was AED 180,000; the villa has been rented since July 2016.

How big is villa TH024?

3,241 sqft (301.1 sqm): a three-bedroom villa in Palmera 2, completed in 2008.

What is villa TH024 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on TH024, Palmera 2

Starts from the last sale price (AED 3.75M, 30 January 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,750,000
Deposit, UAE resident (20%)
AED 750,000
Deposit, non-resident (40%)
AED 1,500,000
Monthly over 25 years at 3.7%
AED 15,342

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