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

TH060, Palmera 2

Sold prices and rental history: sold once, by the developer in September 2013, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH060 · DLD and Ejari recordsUpdated 1 October 2023
Last soldAED 1.38M17 September 2013
Current rentAED 161K /yr1 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH060, Palmera 2

What is TH060 worth today?

Last sold for AED 1,380,888 in 2013

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1 Oct 2023RentedNew contract
AED 160,545/yr12 months · AED 50 per sqft
1 Oct 2022RentedRenewal
AED 145,950/yr12 months · AED 45 per sqft
1 Oct 2021RentedRenewal
AED 145,950/yr12 months · AED 45 per sqft
1 Oct 2020RentedNew contract
AED 139,000/yr12 months · AED 43 per sqft
1 Mar 2019RentedRenewal
AED 170,490/yr12 months · AED 53 per sqft
1 Mar 2017RentedRenewal
AED 210,000/yr12 months · AED 65 per sqft
1 Mar 2016RentedNew contract
AED 210,000/yr12 months · AED 65 per sqft
17 Sep 2013Sold by developerReady
AED 1,380,888AED 426 per sqft

Source: Dubai Land Department. Updated 1 October 2023.

Key facts

Type
3-bed villa
Size
3,241 sqft
Developer
Emaar
Completed
2008
Service charge
AED 10,000 /yr
Last sold
AED 1.38M · September 2013
Community
Palmera 2

About TH060, Palmera 2

TH060 is a three-bedroom villa of 3,241 sqft in Palmera 2, a villa community in Arabian Ranches completed in 2008 by Emaar. The developer sold it on 17 September 2013 for AED 1,380,888, or AED 426 per sqft, 8% below the AED 463 three-beds in the community were fetching at the time.

It has been rented continuously since 2016 on 7 Ejari contracts. The current contract, signed on 1 October 2023, is AED 160,545 a year: a gross yield of 11.6% on the 2013 price, before the service charge of about AED 10,000 a year.

Sales and rents for TH060 over time

Sales
Villa TH060, 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 2013: AED 1,380,888 (AED 426 per sqft)

TH060 has sold once; the dashed line is the three-bed median of each year in the community.

Rents
Villa TH060, 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, March 2016: AED 210,000 a yearRenewal, March 2017: AED 210,000 a yearRenewal, March 2019: AED 170,490 a yearNew contract, October 2020: AED 139,000 a yearRenewal, October 2021: AED 145,950 a yearRenewal, October 2022: AED 145,950 a yearNew contract, October 2023: AED 160,545 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 TH060 sits

All 63 3-beds →

TH060 last sold in September 2013 at AED 426 per sqft, 8% below what three-beds in Palmera 2 were fetching at the time (AED 463).

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 →

TH060, Palmera 2 in numbers

  • Sold once: by Emaar on 17 September 2013 for AED 1,380,888, or AED 426 per sqft.
  • Rented since March 2016 on 7 Ejari contracts. The rent fell from AED 210,000 to AED 139,000 in 2020 and recovered to AED 160,545 by October 2023.
  • At AED 160,545 a year the gross yield on the 2013 price is 11.6%, before a service charge of about AED 10,000 a year (AED 3.08 per sqft).

Source: Dubai Land Department. Updated 1 October 2023.

Questions about TH060, Palmera 2

What did villa TH060 last sell for?

AED 1,380,888 on 17 September 2013, sold by the developer: AED 426 per sqft for 3,241 sqft. It is the only registered sale of the villa.

What is the rent for villa TH060?

AED 160,545 a year on the contract signed on 1 October 2023. The previous contract, from October 2022, was AED 145,950; the villa has been rented since March 2016.

How big is villa TH060?

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

What is villa TH060 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 TH060, Palmera 2

Starts from the last sale price (AED 1.38M, 17 September 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,380,888
Deposit, UAE resident (20%)
AED 276,178
Deposit, non-resident (40%)
AED 552,355
Monthly over 25 years at 3.7%
AED 5,650

Plus AED 63,008 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →