3-bed · 3,165 sqftPalmera 2, Arabian Ranches · completed 2008

TH066, Palmera 2

Sold prices and rental history: sold once, by the developer in May 2012, and rented continuously since 2011. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH066 · DLD and Ejari recordsUpdated 1 November 2024
Last soldAED 1.38M9 May 2012
Current rentAED 290K /yr1 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for TH066, Palmera 2

What is TH066 worth today?

Last sold for AED 1,380,888 in 2012

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1 Nov 2024RentedNew contract
AED 290,000/yr12 months · AED 89 per sqft
6 Aug 2023RentedNew contract
AED 265,000/yr12 months · AED 82 per sqft
15 Aug 2021RentedNew contract
AED 200,000/yr12 months · AED 62 per sqft
10 Apr 2020RentedRenewal
AED 170,000/yr12 months · AED 52 per sqft
10 Apr 2019RentedNew contract
AED 170,000/yr12 months · AED 52 per sqft
8 Sep 2017RentedNew contract
AED 190,000/yr12 months · AED 59 per sqft
12 Sep 2016RentedNew contract
AED 220,000/yr12 months · AED 68 per sqft
12 Sep 2015RentedNew contract
AED 220,000/yr12 months · AED 68 per sqft

Source: Dubai Land Department. Updated 1 November 2024.

Key facts

Type
3-bed villa
Size
3,165 sqft
Developer
Emaar
Completed
2008
Service charge
AED 9,700 /yr
Last sold
AED 1.38M · May 2012
Community
Palmera 2

About TH066, Palmera 2

TH066 is a three-bedroom villa of 3,165 sqft in Palmera 2, a villa community in Arabian Ranches completed in 2008 by Emaar. The developer sold it on 9 May 2012 for AED 1,380,888, or AED 436 per sqft, 51% below the AED 894 three-beds in the community were fetching at the time.

It has been rented continuously since 2011 on 12 Ejari contracts. The current contract, signed on 1 November 2024, is AED 290,000 a year: a gross yield of 21.0% on the 2012 price, before the service charge of about AED 9,700 a year.

Sales and rents for TH066 over time

Sales
Villa TH066, 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, May 2012: AED 1,380,888 (AED 436 per sqft)

TH066 has sold once; the dashed line is the three-bed median of each year in the community.

Rents
Villa TH066, each contractTypical three-bed in Palmera 2
200K300K2011201520192023Typical 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 2011: AED 170,000 a yearNew contract, August 2012: AED 195,000 a yearNew contract, August 2013: AED 195,000 a yearNew contract, September 2014: AED 250,000 a yearNew contract, September 2015: AED 220,000 a yearNew contract, September 2016: AED 220,000 a yearNew contract, September 2017: AED 190,000 a yearNew contract, April 2019: AED 170,000 a yearRenewal, April 2020: AED 170,000 a yearNew contract, August 2021: AED 200,000 a yearNew contract, August 2023: AED 265,000 a yearNew contract, November 2024: AED 290,000 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 TH066 sits

All 63 3-beds →

TH066 last sold in May 2012 at AED 436 per sqft, 51% below what three-beds in Palmera 2 were fetching at the time (AED 894).

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 →

TH066, Palmera 2 in numbers

  • Sold once: by Emaar on 9 May 2012 for AED 1,380,888, or AED 436 per sqft.
  • Rented since October 2011 on 12 Ejari contracts, from AED 170,000 to AED 290,000 a year.
  • At AED 290,000 a year the gross yield on the 2012 price is 21.0%, before a service charge of about AED 9,700 a year (AED 3.08 per sqft).

Source: Dubai Land Department. Updated 1 November 2024.

Questions about TH066, Palmera 2

What did villa TH066 last sell for?

AED 1,380,888 on 9 May 2012, sold by the developer: AED 436 per sqft for 3,165 sqft. It is the only registered sale of the villa.

What is the rent for villa TH066?

AED 290,000 a year on the contract signed on 1 November 2024. The previous contract, from August 2023, was AED 265,000; the villa has been rented since October 2011.

How big is villa TH066?

3,165 sqft (294.0 sqm): a three-bedroom villa in Palmera 2, completed in 2008.

What is villa TH066 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 TH066, Palmera 2

Starts from the last sale price (AED 1.38M, 9 May 2012). 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 →