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

TH056, Palmera 2

Sold prices and rental history: sold 4 times, last in November 2022, and rented once, from December 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH056 · DLD and Ejari recordsUpdated 30 November 2022
Last soldAED 3M30 November 2022
Current rentAED 160K /yr3 December 2012
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH056, Palmera 2

What is TH056 worth today?

Last sold for AED 3,000,000 in 2022

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30 Nov 2022SoldReady
AED 3,000,000AED 1,230 per sqft
25 Nov 2013SoldReady
AED 3,000,000AED 1,230 per sqft
3 Dec 2012RentedNew contract
AED 160,000/yr12 months · AED 66 per sqft
22 Oct 2012SoldReady
AED 2,175,000AED 1,371 per sqft
5 Aug 2010Sold by developerReady
AED 2,370,000AED 1,494 per sqft

Source: Dubai Land Department. Updated 30 November 2022.

Key facts

Type
2-bed villa
Size
2,439 sqft
Developer
Emaar
Completed
2008
Service charge
AED 7,500 /yr
Last sold
AED 3M · November 2022
Community
Palmera 2

About TH056, Palmera 2

TH056 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 30 November 2022 for AED 3,000,000, or AED 1,230 per sqft, 5% above the AED 1,168 two-beds in the community were fetching at the time.

One Ejari contract is registered, from 3 December 2012. The current contract, signed on 3 December 2012, is AED 160,000 a year: a gross yield of 5.3% on the 2022 price, before the service charge of about AED 7,500 a year.

Sales and rents for TH056 over time

Sales
Villa TH056, 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, August 2010: AED 2,370,000 (AED 1,494 per sqft)Sold, October 2012: AED 2,175,000 (AED 1,371 per sqft)Sold, November 2013: AED 3,000,000 (AED 1,230 per sqft)Sold, November 2022: AED 3,000,000 (AED 1,230 per sqft)

TH056 has sold 4 times; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH056, 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, December 2012: AED 160,000 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 TH056 sits

All 126 2-beds →

TH056 last sold in November 2022 at AED 1,230 per sqft, 5% above 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. TH056's AED 160,000 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 →

TH056, Palmera 2 in numbers

  • Sold 4 times: first on 5 August 2010 for AED 2,370,000, last on 30 November 2022 for AED 3,000,000 (AED 1,230 per sqft).
  • Rented since December 2012 on one Ejari contract, at AED 160,000 a year.
  • At AED 160,000 a year the gross yield on the 2022 price is 5.3%, 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 30 November 2022.

Questions about TH056, Palmera 2

What did villa TH056 last sell for?

AED 3,000,000 on 30 November 2022: AED 1,230 per sqft for 2,439 sqft. The villa has 4 registered sales; the first was AED 2,370,000 in August 2010.

What is the rent for villa TH056?

AED 160,000 a year on the contract signed on 3 December 2012.

How big is villa TH056?

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

What is villa TH056 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 TH056, Palmera 2

Starts from the last sale price (AED 3M, 30 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 3,000,000
Deposit, UAE resident (20%)
AED 600,000
Deposit, non-resident (40%)
AED 1,200,000
Monthly over 25 years at 3.7%
AED 12,274

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