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

TH078, Palmera 2

Sold prices and rental history: sold 3 times, last in August 2021, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH078 · DLD and Ejari recordsUpdated 15 August 2021
Last soldAED 3.5M15 August 2021
Current rentAED 145K /yr15 July 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH078, Palmera 2

What is TH078 worth today?

Last sold for AED 3,502,000 in 2021

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15 Aug 2021SoldReady
AED 3,502,000AED 1,080 per sqft
15 Jul 2020RentedNew contract
AED 145,000/yr24 months · AED 45 per sqft
29 Aug 2016SoldReady
AED 3,375,000AED 1,041 per sqft
2 Oct 2014RentedNew contract
AED 235,000/yr12 months · AED 73 per sqft
1 Dec 2013RentedNew contract
AED 210,000/yr12 months · AED 65 per sqft
19 Jun 2013Sold by developerReady
AED 1,376,888AED 424 per sqft
1 Dec 2012RentedNew contract
AED 185,000/yr12 months · AED 57 per sqft

Source: Dubai Land Department. Updated 15 August 2021.

Key facts

Type
3-bed villa
Size
3,241 sqft
Developer
Emaar
Completed
2008
Service charge
AED 10,000 /yr
Last sold
AED 3.5M · August 2021
Community
Palmera 2

About TH078, Palmera 2

TH078 is a three-bedroom villa of 3,241 sqft in Palmera 2, a villa community in Arabian Ranches completed in 2008 by Emaar. It last sold on 15 August 2021 for AED 3,502,000, or AED 1,080 per sqft, 25% above the AED 864 three-beds in the community were fetching at the time.

It has been rented continuously since 2012 on 4 Ejari contracts. The current contract, signed on 15 July 2020, is AED 145,000 a year: a gross yield of 4.1% on the 2021 price, before the service charge of about AED 10,000 a year.

Sales and rents for TH078 over time

Sales
Villa TH078, 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, June 2013: AED 1,376,888 (AED 424 per sqft)Sold, August 2016: AED 3,375,000 (AED 1,041 per sqft)Sold, August 2021: AED 3,502,000 (AED 1,080 per sqft)

TH078 has sold 3 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa TH078, 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, December 2012: AED 185,000 a yearNew contract, December 2013: AED 210,000 a yearNew contract, October 2014: AED 235,000 a yearNew contract, July 2020: AED 145,000 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 TH078 sits

All 63 3-beds →

TH078 last sold in August 2021 at AED 1,080 per sqft, 25% above what three-beds in Palmera 2 were fetching at the time (AED 864).

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 →

TH078, Palmera 2 in numbers

  • Sold 3 times: first on 19 June 2013 for AED 1,376,888, last on 15 August 2021 for AED 3,502,000 (AED 1,080 per sqft).
  • Rented since December 2012 on 4 Ejari contracts, from AED 185,000 to AED 145,000 a year.
  • At AED 145,000 a year the gross yield on the 2021 price is 4.1%, before a service charge of about AED 10,000 a year (AED 3.08 per sqft).

Source: Dubai Land Department. Updated 15 August 2021.

Questions about TH078, Palmera 2

What did villa TH078 last sell for?

AED 3,502,000 on 15 August 2021: AED 1,080 per sqft for 3,241 sqft. The villa has 3 registered sales; the first was AED 1,376,888 in June 2013.

What is the rent for villa TH078?

AED 145,000 a year on the contract signed on 15 July 2020. The previous contract, from October 2014, was AED 235,000; the villa has been rented since December 2012.

How big is villa TH078?

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

What is villa TH078 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 TH078, Palmera 2

Starts from the last sale price (AED 3.5M, 15 August 2021). Switch to today's estimate once you have unlocked it.
Price
AED 3,502,000
Deposit, UAE resident (20%)
AED 700,400
Deposit, non-resident (40%)
AED 1,400,800
Monthly over 25 years at 3.7%
AED 14,328

Plus AED 152,094 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →