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2-bed · 2,158 sqftPalmera 2, Arabian Ranches · completed 2008

TH117, Palmera 2

Sold prices and rental history: sold once, by the developer in August 2013, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH117 · DLD and Ejari recordsUpdated 25 September 2024
Last soldAED 797K6 August 2013
Current rentAED 170K /yr25 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH117, Palmera 2

What is TH117 worth today?

Last sold for AED 796,888 in 2013

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25 Sep 2024RentedRenewal
AED 170,000/yr12 months · AED 79 per sqft
25 Sep 2023RentedRenewal
AED 140,000/yr12 months · AED 65 per sqft
25 Sep 2022RentedNew contract
AED 130,000/yr12 months · AED 60 per sqft
15 Aug 2021RentedRenewal
AED 92,000/yr12 months · AED 43 per sqft
15 Aug 2020RentedNew contract
AED 80,000/yr12 months · AED 37 per sqft
19 Mar 2019RentedNew contract
AED 110,000/yr12 months · AED 51 per sqft
26 Jan 2018RentedNew contract
AED 120,000/yr12 months · AED 56 per sqft
25 Nov 2016RentedNew contract
AED 150,000/yr12 months · AED 69 per sqft

Source: Dubai Land Department. Updated 25 September 2024.

Key facts

Type
2-bed villa
Size
2,158 sqft
Developer
Emaar
Completed
2008
Service charge
AED 6,600 /yr
Last sold
AED 797K · August 2013
Community
Palmera 2

About TH117, Palmera 2

TH117 is a two-bedroom villa of 2,158 sqft in Palmera 2, a villa community in Arabian Ranches completed in 2008 by Emaar. The developer sold it on 6 August 2013 for AED 796,888, or AED 369 per sqft, 64% below the AED 1,018 two-beds in the community were fetching at the time.

It has been rented continuously since 2015 on 9 Ejari contracts. The current contract, renewed on 25 September 2024, is AED 170,000 a year: a gross yield of 21.3% on the 2013 price, before the service charge of about AED 6,600 a year.

Sales and rents for TH117 over time

Sales
Villa TH117, 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, August 2013: AED 796,888 (AED 369 per sqft)

TH117 has sold once; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH117, 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, November 2015: AED 150,000 a yearNew contract, November 2016: AED 150,000 a yearNew contract, January 2018: AED 120,000 a yearNew contract, March 2019: AED 110,000 a yearNew contract, August 2020: AED 80,000 a yearRenewal, August 2021: AED 92,000 a yearNew contract, September 2022: AED 130,000 a yearRenewal, September 2023: AED 140,000 a yearRenewal, September 2024: AED 170,000 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 TH117 sits

All 126 2-beds →

TH117 last sold in August 2013 at AED 369 per sqft, 64% below what two-beds in Palmera 2 were fetching at the time (AED 1,018). 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. TH117's AED 170,000 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 →

TH117, Palmera 2 in numbers

  • Sold once: by Emaar on 6 August 2013 for AED 796,888, or AED 369 per sqft.
  • Rented since November 2015 on 9 Ejari contracts. The rent fell from AED 150,000 to AED 80,000 in 2020 and recovered to AED 170,000 by September 2024.
  • At AED 170,000 a year the gross yield on the 2013 price is 21.3%, before a service charge of about AED 6,600 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 25 September 2024.

Questions about TH117, Palmera 2

What did villa TH117 last sell for?

AED 796,888 on 6 August 2013, sold by the developer: AED 369 per sqft for 2,158 sqft. It is the only registered sale of the villa.

What is the rent for villa TH117?

AED 170,000 a year on the contract renewed on 25 September 2024. The previous contract, from September 2023, was AED 140,000; the villa has been rented since November 2015.

How big is villa TH117?

2,158 sqft (200.5 sqm): a two-bedroom villa in Palmera 2, completed in 2008.

What is villa TH117 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 TH117, Palmera 2

Starts from the last sale price (AED 797K, 6 August 2013). Switch to today's estimate once you have unlocked it.
Price
AED 796,888
Deposit, UAE resident (20%)
AED 159,378
Deposit, non-resident (40%)
AED 318,755
Monthly over 25 years at 3.7%
AED 3,260

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