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

TH030, Palmera 2

Sold prices and rental history: sold twice, last in June 2024, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH030 · DLD and Ejari recordsUpdated 11 October 2024
Last soldAED 4.55M24 June 2024
Current rentAED 220K /yr11 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH030, Palmera 2

What is TH030 worth today?

Last sold for AED 4,550,000 in 2024

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11 Oct 2024RentedNew contract
AED 220,000/yr12 months · AED 68 per sqft
24 Jun 2024SoldReady
AED 4,550,000AED 1,404 per sqft
11 Oct 2023RentedRenewal
AED 220,000/yr12 months · AED 68 per sqft
11 Oct 2022RentedNew contract
AED 220,000/yr12 months · AED 68 per sqft
15 Sep 2021RentedRenewal
AED 168,000/yr12 months · AED 52 per sqft
15 Mar 2021RentedRenewal
AED 160,000/yr6 months · AED 49 per sqft
15 Sep 2020RentedRenewal
AED 160,000/yr6 months · AED 49 per sqft
15 Sep 2019RentedNew contract
AED 160,000/yr12 months · AED 49 per sqft

Source: Dubai Land Department. Updated 11 October 2024.

Key facts

Type
3-bed villa
Size
3,241 sqft
Developer
Emaar
Completed
2008
Service charge
AED 10,000 /yr
Last sold
AED 4.55M · June 2024
Community
Palmera 2

About TH030, Palmera 2

TH030 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 24 June 2024 for AED 4,550,000, or AED 1,404 per sqft, 6% below the AED 1,496 three-beds in the community were fetching at the time.

It has been rented continuously since 2017 on 9 Ejari contracts. The current contract, signed on 11 October 2024, is AED 220,000 a year: a gross yield of 4.8% on the 2024 price, before the service charge of about AED 10,000 a year.

Sales and rents for TH030 over time

Sales
Villa TH030, 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, December 2008: AED 1,297,888 (AED 408 per sqft)Sold, June 2024: AED 4,550,000 (AED 1,404 per sqft)

TH030 has sold twice; the dashed line is the three-bed median of each year in the community.

Rents
Villa TH030, 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, September 2017: AED 190,000 a yearRenewal, September 2018: AED 180,000 a yearNew contract, September 2019: AED 160,000 a yearRenewal, September 2020: AED 160,000 a yearRenewal, March 2021: AED 160,000 a yearRenewal, September 2021: AED 168,000 a yearNew contract, October 2022: AED 220,000 a yearRenewal, October 2023: AED 220,000 a yearNew contract, October 2024: AED 220,000 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 TH030 sits

All 63 3-beds →

TH030 last sold in June 2024 at AED 1,404 per sqft, 6% below what three-beds in Palmera 2 were fetching at the time (AED 1,496).

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 →

TH030, Palmera 2 in numbers

  • Sold twice: first on 23 December 2008 for AED 1,297,888, last on 24 June 2024 for AED 4,550,000 (AED 1,404 per sqft).
  • Rented since September 2017 on 9 Ejari contracts. The rent fell from AED 190,000 to AED 160,000 in 2021 and recovered to AED 220,000 by October 2024.
  • At AED 220,000 a year the gross yield on the 2024 price is 4.8%, before a service charge of about AED 10,000 a year (AED 3.08 per sqft).

Source: Dubai Land Department. Updated 11 October 2024.

Questions about TH030, Palmera 2

What did villa TH030 last sell for?

AED 4,550,000 on 24 June 2024: AED 1,404 per sqft for 3,241 sqft. The villa has 2 registered sales; the first was AED 1,297,888 in December 2008.

What is the rent for villa TH030?

AED 220,000 a year on the contract signed on 11 October 2024. The previous contract, from October 2023, was AED 220,000; the villa has been rented since September 2017.

How big is villa TH030?

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

What is villa TH030 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 TH030, Palmera 2

Starts from the last sale price (AED 4.55M, 24 June 2024). Switch to today's estimate once you have unlocked it.
Price
AED 4,550,000
Deposit, UAE resident (20%)
AED 910,000
Deposit, non-resident (40%)
AED 1,820,000
Monthly over 25 years at 3.7%
AED 18,615

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