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

TH027, Palmera 2

Sold prices and rental history: sold 3 times, last in July 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH027 · DLD and Ejari recordsUpdated 6 November 2023
Last soldAED 2.35M19 July 2023
Current rentAED 126K /yr6 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH027, Palmera 2

What is TH027 worth today?

Last sold for AED 2,350,000 in 2023

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6 Nov 2023RentedRenewal
AED 126,480/yr8 months · AED 59 per sqft
19 Jul 2023SoldReady
AED 2,350,000AED 1,088 per sqft
7 Nov 2022RentedNew contract
AED 125,000/yr12 months · AED 58 per sqft
1 Nov 2021RentedRenewal
AED 105,000/yr12 months · AED 49 per sqft
1 Nov 2020RentedRenewal
AED 95,000/yr12 months · AED 44 per sqft
1 Nov 2019RentedNew contract
AED 100,000/yr12 months · AED 46 per sqft
27 Sep 2018RentedNew contract
AED 120,000/yr12 months · AED 56 per sqft
13 Oct 2017RentedNew contract
AED 140,000/yr12 months · AED 65 per sqft

Source: Dubai Land Department. Updated 6 November 2023.

Key facts

Type
2-bed villa
Size
2,158 sqft
Developer
Emaar
Completed
2008
Service charge
AED 6,600 /yr
Last sold
AED 2.35M · July 2023
Community
Palmera 2

About TH027, Palmera 2

TH027 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 19 July 2023 for AED 2,350,000, or AED 1,088 per sqft, 7% below the AED 1,168 two-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 12 Ejari contracts. The current contract, renewed on 6 November 2023, is AED 126,480 a year: a gross yield of 5.4% on the 2023 price, before the service charge of about AED 6,600 a year.

Sales and rents for TH027 over time

Sales
Villa TH027, 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, January 2014: AED 770,888 (AED 357 per sqft)Sold, November 2014: AED 2,300,000 (AED 1,065 per sqft)Sold, July 2023: AED 2,350,000 (AED 1,088 per sqft)

TH027 has sold 3 times; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH027, 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 157,500New contract, November 2013: AED 110,000 a yearNew contract, November 2014: AED 127,875 a yearNew contract, November 2014: AED 121,000 a yearNew contract, November 2015: AED 160,000 a yearNew contract, October 2016: AED 150,000 a yearNew contract, October 2017: AED 140,000 a yearNew contract, September 2018: AED 120,000 a yearNew contract, November 2019: AED 100,000 a yearRenewal, November 2020: AED 95,000 a yearRenewal, November 2021: AED 105,000 a yearNew contract, November 2022: AED 125,000 a yearRenewal, November 2023: AED 126,480 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 TH027 sits

All 126 2-beds →

TH027 last sold in July 2023 at AED 1,088 per sqft, 7% below what two-beds in Palmera 2 were fetching at the time (AED 1,168). 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. TH027's AED 126,480 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 →

TH027, Palmera 2 in numbers

  • Sold 3 times: first on 5 January 2014 for AED 770,888, last on 19 July 2023 for AED 2,350,000 (AED 1,088 per sqft).
  • Rented since November 2013 on 12 Ejari contracts. The rent fell from AED 110,000 to AED 95,000 in 2020 and recovered to AED 126,480 by November 2023.
  • At AED 126,480 a year the gross yield on the 2023 price is 5.4%, 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 6 November 2023.

Questions about TH027, Palmera 2

What did villa TH027 last sell for?

AED 2,350,000 on 19 July 2023: AED 1,088 per sqft for 2,158 sqft. The villa has 3 registered sales; the first was AED 770,888 in January 2014.

What is the rent for villa TH027?

AED 126,480 a year on the contract renewed on 6 November 2023. The previous contract, from November 2022, was AED 125,000; the villa has been rented since November 2013.

How big is villa TH027?

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

What is villa TH027 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 TH027, Palmera 2

Starts from the last sale price (AED 2.35M, 19 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,350,000
Deposit, UAE resident (20%)
AED 470,000
Deposit, non-resident (40%)
AED 940,000
Monthly over 25 years at 3.7%
AED 9,615

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