Home
Dubai prices
About
Research
2-bed · 2,439 sqftPalmera 2, Arabian Ranches · completed 2008

TH047, Palmera 2

Sold prices and rental history: sold 4 times, last in October 2021, and rented once, from July 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH047 · DLD and Ejari recordsUpdated 7 October 2021
Last soldAED 2.5M7 October 2021
Current rentAED 170K /yr7 July 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow TH047

Property timeline for TH047, Palmera 2

What is TH047 worth today?

Last sold for AED 2,500,000 in 2021

Unlock today's estimate, updated daily, with

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

7 Oct 2021SoldReady
AED 2,500,000AED 1,025 per sqft
19 Mar 2015SoldReady
AED 2,650,000AED 1,086 per sqft
7 Jul 2014RentedNew contract
AED 170,000/yr12 months · AED 70 per sqft
23 Jul 2013SoldReady
AED 2,700,000AED 1,107 per sqft
21 Dec 2008Sold by developerReady
AED 986,888AED 497 per sqft

Source: Dubai Land Department. Updated 7 October 2021.

Key facts

Type
2-bed villa
Size
2,439 sqft
Developer
Emaar
Completed
2008
Service charge
AED 7,500 /yr
Last sold
AED 2.5M · October 2021
Community
Palmera 2

About TH047, Palmera 2

TH047 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 7 October 2021 for AED 2,500,000, or AED 1,025 per sqft, 21% above the AED 846 two-beds in the community were fetching at the time.

One Ejari contract is registered, from 7 July 2014. The current contract, signed on 7 July 2014, is AED 170,000 a year: a gross yield of 6.8% on the 2021 price, before the service charge of about AED 7,500 a year.

Sales and rents for TH047 over time

Sales
Villa TH047, 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, December 2008: AED 986,888 (AED 497 per sqft)Sold, July 2013: AED 2,700,000 (AED 1,107 per sqft)Sold, March 2015: AED 2,650,000 (AED 1,086 per sqft)Sold, October 2021: AED 2,500,000 (AED 1,025 per sqft)

TH047 has sold 4 times; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH047, 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, July 2014: AED 170,000 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 TH047 sits

All 126 2-beds →

TH047 last sold in October 2021 at AED 1,025 per sqft, 21% above what two-beds in Palmera 2 were fetching at the time (AED 846). 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. TH047's AED 170,000 is in the lower half 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 →

TH047, Palmera 2 in numbers

  • Sold 4 times: first on 21 December 2008 for AED 986,888, last on 7 October 2021 for AED 2,500,000 (AED 1,025 per sqft).
  • Rented since July 2014 on one Ejari contract, at AED 170,000 a year.
  • At AED 170,000 a year the gross yield on the 2021 price is 6.8%, 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 7 October 2021.

Questions about TH047, Palmera 2

What did villa TH047 last sell for?

AED 2,500,000 on 7 October 2021: AED 1,025 per sqft for 2,439 sqft. The villa has 4 registered sales; the first was AED 986,888 in December 2008.

What is the rent for villa TH047?

AED 170,000 a year on the contract signed on 7 July 2014.

How big is villa TH047?

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

What is villa TH047 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.

Selling TH047? 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 TH047, Palmera 2

Starts from the last sale price (AED 2.5M, 7 October 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,500,000
Deposit, UAE resident (20%)
AED 500,000
Deposit, non-resident (40%)
AED 1,000,000
Monthly over 25 years at 3.7%
AED 10,228

Plus AED 110,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →