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2-bed · 2,301 sqftPalmera 2, Arabian Ranches · completed 2008

TH074, Palmera 2

Sold prices and rental history: sold twice, last in October 2012, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH074 · DLD and Ejari recordsUpdated 18 November 2021
Last soldAED 2.1M17 October 2012
Current rentAED 145K /yr18 November 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH074, Palmera 2

What is TH074 worth today?

Last sold for AED 2,100,000 in 2012

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18 Nov 2021RentedRenewal
AED 145,000/yr12 months · AED 59 per sqft
18 Nov 2019RentedNew contract
AED 145,000/yr24 months · AED 59 per sqft
18 Nov 2018RentedRenewal
AED 195,000/yr12 months · AED 80 per sqft
18 Nov 2017RentedRenewal
AED 195,000/yr12 months · AED 80 per sqft
18 Nov 2016RentedNew contract
AED 195,000/yr12 months · AED 80 per sqft
17 Oct 2012SoldReady
AED 2,100,000AED 912 per sqft
1 Jul 2010Sold by developerReady
AED 2,300,000AED 1,960 per sqft

Source: Dubai Land Department. Updated 18 November 2021.

Key facts

Type
2-bed villa
Size
2,301 sqft
Developer
Emaar
Completed
2008
Service charge
AED 7,100 /yr
Last sold
AED 2.1M · October 2012
Community
Palmera 2

About TH074, Palmera 2

TH074 is a two-bedroom villa of 2,301 sqft in Palmera 2, a villa community in Arabian Ranches completed in 2008 by Emaar. It last sold on 17 October 2012 for AED 2,100,000, or AED 912 per sqft, in line with the AED 930 two-beds in the community were fetching at the time.

It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, renewed on 18 November 2021, is AED 145,000 a year: a gross yield of 6.9% on the 2012 price, before the service charge of about AED 7,100 a year.

Sales and rents for TH074 over time

Sales
Villa TH074, 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, July 2010: AED 2,300,000 (AED 1,960 per sqft)Sold, October 2012: AED 2,100,000 (AED 912 per sqft)

TH074 has sold twice; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH074, each contractTypical two-bed in Palmera 2
100K150K200K2012201620202024Typical 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, November 2016: AED 195,000 a yearRenewal, November 2017: AED 195,000 a yearRenewal, November 2018: AED 195,000 a yearNew contract, November 2019: AED 145,000 a yearRenewal, November 2021: AED 145,000 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 TH074 sits

All 126 2-beds →

TH074 last sold in October 2012 at AED 912 per sqft, in line with what two-beds in Palmera 2 were fetching at the time (AED 930). 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. TH074's AED 145,000 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 →

TH074, Palmera 2 in numbers

  • Sold twice: first on 1 July 2010 for AED 2,300,000, last on 17 October 2012 for AED 2,100,000 (AED 912 per sqft).
  • Rented since November 2016 on 5 Ejari contracts, from AED 195,000 to AED 145,000 a year.
  • At AED 145,000 a year the gross yield on the 2012 price is 6.9%, before a service charge of about AED 7,100 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 18 November 2021.

Questions about TH074, Palmera 2

What did villa TH074 last sell for?

AED 2,100,000 on 17 October 2012: AED 912 per sqft for 2,301 sqft. The villa has 2 registered sales; the first was AED 2,300,000 in July 2010.

What is the rent for villa TH074?

AED 145,000 a year on the contract renewed on 18 November 2021. The previous contract, from November 2019, was AED 145,000; the villa has been rented since November 2016.

How big is villa TH074?

2,301 sqft (213.8 sqm): a two-bedroom villa in Palmera 2, completed in 2008.

What is villa TH074 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 TH074, Palmera 2

Starts from the last sale price (AED 2.1M, 17 October 2012). Switch to today's estimate once you have unlocked it.
Price
AED 2,100,000
Deposit, UAE resident (20%)
AED 420,000
Deposit, non-resident (40%)
AED 840,000
Monthly over 25 years at 3.7%
AED 8,592

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