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2-bed · 2,439 sqftPalmera 2, Arabian Ranches · completed 2008

TH038, Palmera 2

Sold prices and rental history: sold 5 times, last in March 2022, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH038 · DLD and Ejari recordsUpdated 29 March 2022
Last soldAED 2.55M29 March 2022
Current rentAED 110K /yr5 June 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH038, Palmera 2

What is TH038 worth today?

Last sold for AED 2,550,000 in 2022

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29 Mar 2022SoldReady
AED 2,550,000AED 1,045 per sqft
5 Jun 2021RentedRenewal
AED 110,000/yr12 months · AED 45 per sqft
5 Jun 2020RentedNew contract
AED 110,000/yr12 months · AED 45 per sqft
1 Apr 2019RentedRenewal
AED 142,392/yr13 months · AED 58 per sqft
1 Apr 2018RentedRenewal
AED 160,000/yr12 months · AED 66 per sqft
29 Dec 2013SoldReady
AED 2,900,280AED 1,189 per sqft
12 Oct 2013RentedNew contract
AED 135,000/yr12 months · AED 55 per sqft
11 Oct 2012RentedNew contract
AED 135,000/yr12 months · AED 55 per sqft

Source: Dubai Land Department. Updated 29 March 2022.

Key facts

Type
2-bed villa
Size
2,439 sqft
Developer
Emaar
Completed
2008
Service charge
AED 7,500 /yr
Last sold
AED 2.55M · March 2022
Community
Palmera 2

About TH038, Palmera 2

TH038 is a two-bedroom villa of 2,439 sqft in Palmera 2, a villa community in Arabian Ranches completed in 2008 by Emaar. It last sold on 29 March 2022 for AED 2,550,000, or AED 1,045 per sqft, 12% above the AED 934 two-beds in the community were fetching at the time.

It has been rented continuously since 2012 on 6 Ejari contracts. The current contract, renewed on 5 June 2021, is AED 110,000 a year: a gross yield of 4.3% on the 2022 price, before the service charge of about AED 7,500 a year.

Sales and rents for TH038 over time

Sales
Villa TH038, 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, February 2009: AED 986,888 (AED 501 per sqft)Sold, August 2009: AED 1,900,000 (AED 964 per sqft)Sold, July 2012: AED 2,100,000 (AED 1,066 per sqft)Sold, December 2013: AED 2,900,280 (AED 1,189 per sqft)Sold, March 2022: AED 2,550,000 (AED 1,045 per sqft)

TH038 has sold 5 times; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH038, 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, October 2012: AED 135,000 a yearNew contract, October 2013: AED 135,000 a yearRenewal, April 2018: AED 160,000 a yearRenewal, April 2019: AED 142,392 a yearNew contract, June 2020: AED 110,000 a yearRenewal, June 2021: AED 110,000 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 TH038 sits

All 126 2-beds →

TH038 last sold in March 2022 at AED 1,045 per sqft, 12% above what two-beds in Palmera 2 were fetching at the time (AED 934). 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. TH038's AED 110,000 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 →

TH038, Palmera 2 in numbers

  • Sold 5 times: first on 15 February 2009 for AED 986,888, last on 29 March 2022 for AED 2,550,000 (AED 1,045 per sqft).
  • Rented since October 2012 on 6 Ejari contracts, from AED 135,000 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2022 price is 4.3%, before a service charge of about AED 7,500 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 29 March 2022.

Questions about TH038, Palmera 2

What did villa TH038 last sell for?

AED 2,550,000 on 29 March 2022: AED 1,045 per sqft for 2,439 sqft. The villa has 5 registered sales; the first was AED 986,888 in February 2009.

What is the rent for villa TH038?

AED 110,000 a year on the contract renewed on 5 June 2021. The previous contract, from June 2020, was AED 110,000; the villa has been rented since October 2012.

How big is villa TH038?

2,439 sqft (226.6 sqm): a two-bedroom villa in Palmera 2, completed in 2008.

What is villa TH038 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 TH038, Palmera 2

Starts from the last sale price (AED 2.55M, 29 March 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,550,000
Deposit, UAE resident (20%)
AED 510,000
Deposit, non-resident (40%)
AED 1,020,000
Monthly over 25 years at 3.7%
AED 10,433

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