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

TH071, Palmera 2

Sold prices and rental history: sold twice, last in March 2021, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH071 · DLD and Ejari recordsUpdated 21 March 2021
Last soldAED 2M21 March 2021
Current rentAED 120K /yr25 September 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH071, Palmera 2

What is TH071 worth today?

Last sold for AED 2,000,000 in 2021

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21 Mar 2021SoldReady
AED 2,000,000AED 820 per sqft
25 Sep 2019RentedRenewal
AED 120,000/yr12 months · AED 49 per sqft
25 Sep 2018RentedNew contract
AED 145,000/yr12 months · AED 59 per sqft
16 Feb 2011Sold by developerReady
AED 1,012,888AED 587 per sqft

Source: Dubai Land Department. Updated 21 March 2021.

Key facts

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

About TH071, Palmera 2

TH071 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 21 March 2021 for AED 2,000,000, or AED 820 per sqft, 24% above the AED 662 two-beds in the community were fetching at the time.

It has been rented since 2018 on 2 Ejari contracts. The current contract, renewed on 25 September 2019, is AED 120,000 a year: a gross yield of 6.0% on the 2021 price, before the service charge of about AED 7,500 a year.

Sales and rents for TH071 over time

Sales
Villa TH071, 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 2011: AED 1,012,888 (AED 587 per sqft)Sold, March 2021: AED 2,000,000 (AED 820 per sqft)

TH071 has sold twice; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH071, 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, September 2018: AED 145,000 a yearRenewal, September 2019: AED 120,000 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 TH071 sits

All 126 2-beds →

TH071 last sold in March 2021 at AED 820 per sqft, 24% above what two-beds in Palmera 2 were fetching at the time (AED 662). 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. TH071's AED 120,000 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 →

TH071, Palmera 2 in numbers

  • Sold twice: first on 16 February 2011 for AED 1,012,888, last on 21 March 2021 for AED 2,000,000 (AED 820 per sqft).
  • Rented since September 2018 on 2 Ejari contracts, from AED 145,000 to AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2021 price is 6.0%, 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 21 March 2021.

Questions about TH071, Palmera 2

What did villa TH071 last sell for?

AED 2,000,000 on 21 March 2021: AED 820 per sqft for 2,439 sqft. The villa has 2 registered sales; the first was AED 1,012,888 in February 2011.

What is the rent for villa TH071?

AED 120,000 a year on the contract renewed on 25 September 2019. The previous contract, from September 2018, was AED 145,000.

How big is villa TH071?

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

What is villa TH071 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 TH071, Palmera 2

Starts from the last sale price (AED 2M, 21 March 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,000,000
Deposit, UAE resident (20%)
AED 400,000
Deposit, non-resident (40%)
AED 800,000
Monthly over 25 years at 3.7%
AED 8,183

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