Home
Dubai prices
About
Research
3-bed · 3,241 sqftPalmera 2, Arabian Ranches · completed 2008

TH037, Palmera 2

Sold prices and rental history: sold 5 times, last in January 2024, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH037 · DLD and Ejari recordsUpdated 31 January 2024
Last soldAED 5.5M31 January 2024
Current rentAED 230K /yr1 July 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow TH037

Property timeline for TH037, Palmera 2

What is TH037 worth today?

Last sold for AED 5,500,000 in 2024

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

31 Jan 2024SoldReady
AED 5,500,000AED 1,697 per sqft
12 Dec 2019SoldReady
AED 2,650,000AED 817 per sqft
27 Dec 2016SoldReady
AED 3,325,000AED 1,026 per sqft
1 Jul 2016RentedNew contract
AED 230,000/yr12 months · AED 71 per sqft
12 Oct 2013RentedNew contract
AED 135,000/yr12 months · AED 42 per sqft
28 Sep 2009Sold by developerReady
AED 3,350,000AED 2,111 per sqft
28 Sep 2009SoldReady
AED 2,550,000AED 1,607 per sqft

Source: Dubai Land Department. Updated 31 January 2024.

Key facts

Type
3-bed villa
Size
3,241 sqft
Developer
Emaar
Completed
2008
Service charge
AED 10,000 /yr
Last sold
AED 5.5M · January 2024
Community
Palmera 2

About TH037, Palmera 2

TH037 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 31 January 2024 for AED 5,500,000, or AED 1,697 per sqft, 28% above the AED 1,326 three-beds in the community were fetching at the time.

It has been rented since 2013 on 2 Ejari contracts. The current contract, signed on 1 July 2016, is AED 230,000 a year: a gross yield of 4.2% on the 2024 price, before the service charge of about AED 10,000 a year.

Sales and rents for TH037 over time

Sales
Villa TH037, 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, September 2009: AED 3,350,000 (AED 2,111 per sqft)Sold, September 2009: AED 2,550,000 (AED 1,607 per sqft)Sold, December 2016: AED 3,325,000 (AED 1,026 per sqft)Sold, December 2019: AED 2,650,000 (AED 817 per sqft)Sold, January 2024: AED 5,500,000 (AED 1,697 per sqft)

TH037 has sold 5 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa TH037, 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, October 2013: AED 135,000 a yearNew contract, July 2016: AED 230,000 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 TH037 sits

All 63 3-beds →

TH037 last sold in January 2024 at AED 1,697 per sqft, 28% above what three-beds in Palmera 2 were fetching at the time (AED 1,326).

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 →

TH037, Palmera 2 in numbers

  • Sold 5 times: first on 28 September 2009 for AED 2,550,000, last on 31 January 2024 for AED 5,500,000 (AED 1,697 per sqft).
  • Rented since October 2013 on 2 Ejari contracts, from AED 135,000 to AED 230,000 a year.
  • At AED 230,000 a year the gross yield on the 2024 price is 4.2%, before a service charge of about AED 10,000 a year (AED 3.08 per sqft).

Source: Dubai Land Department. Updated 31 January 2024.

Questions about TH037, Palmera 2

What did villa TH037 last sell for?

AED 5,500,000 on 31 January 2024: AED 1,697 per sqft for 3,241 sqft. The villa has 5 registered sales; the first was AED 2,550,000 in September 2009.

What is the rent for villa TH037?

AED 230,000 a year on the contract signed on 1 July 2016. The previous contract, from October 2013, was AED 135,000.

How big is villa TH037?

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

What is villa TH037 worth today?

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

Selling TH037? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on TH037, Palmera 2

Starts from the last sale price (AED 5.5M, 31 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 5,500,000
Deposit, UAE resident (20%)
AED 1,100,000
Deposit, non-resident (40%)
AED 2,200,000
Monthly over 25 years at 3.7%
AED 22,502

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