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

TH118, Palmera 2

Sold prices and rental history: sold 3 times, last in August 2024, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH118 · DLD and Ejari recordsUpdated 14 August 2024
Last soldAED 2.9M14 August 2024
Current rentAED 125K /yr15 May 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH118, Palmera 2

What is TH118 worth today?

Last sold for AED 2,900,000 in 2024

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14 Aug 2024SoldReady
AED 2,900,000AED 1,343 per sqft
15 May 2023RentedRenewal
AED 125,000/yr12 months · AED 58 per sqft
15 May 2022RentedNew contract
AED 125,000/yr12 months · AED 58 per sqft
20 Nov 2021RentedRenewal
AED 97,000/yr12 months · AED 45 per sqft
20 Nov 2020RentedRenewal
AED 85,000/yr12 months · AED 39 per sqft
20 Nov 2019RentedNew contract
AED 100,000/yr12 months · AED 46 per sqft
1 Sep 2018RentedRenewal
AED 132,500/yr12 months · AED 61 per sqft
1 Sep 2017RentedNew contract
AED 132,500/yr12 months · AED 61 per sqft

Source: Dubai Land Department. Updated 14 August 2024.

Key facts

Type
2-bed villa
Size
2,158 sqft
Developer
Emaar
Completed
2008
Service charge
AED 6,600 /yr
Last sold
AED 2.9M · August 2024
Community
Palmera 2

About TH118, Palmera 2

TH118 is a two-bedroom villa of 2,158 sqft in Palmera 2, a villa community in Arabian Ranches completed in 2008 by Emaar. It last sold on 14 August 2024 for AED 2,900,000, or AED 1,343 per sqft, in line with the AED 1,344 two-beds in the community were fetching at the time.

It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, renewed on 15 May 2023, is AED 125,000 a year: a gross yield of 4.3% on the 2024 price, before the service charge of about AED 6,600 a year.

Sales and rents for TH118 over time

Sales
Villa TH118, 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, December 2012: AED 796,888 (AED 671 per sqft)Sold, January 2013: AED 2,000,000 (AED 1,685 per sqft)Sold, August 2024: AED 2,900,000 (AED 1,343 per sqft)

TH118 has sold 3 times; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH118, 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 2017: AED 132,500 a yearRenewal, September 2018: AED 132,500 a yearNew contract, November 2019: AED 100,000 a yearRenewal, November 2020: AED 85,000 a yearRenewal, November 2021: AED 97,000 a yearNew contract, May 2022: AED 125,000 a yearRenewal, May 2023: AED 125,000 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 TH118 sits

All 126 2-beds →

TH118 last sold in August 2024 at AED 1,343 per sqft, in line with what two-beds in Palmera 2 were fetching at the time (AED 1,344). 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. TH118's AED 125,000 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 →

TH118, Palmera 2 in numbers

  • Sold 3 times: first on 24 December 2012 for AED 796,888, last on 14 August 2024 for AED 2,900,000 (AED 1,343 per sqft).
  • Rented since September 2017 on 7 Ejari contracts. The rent fell from AED 132,500 to AED 85,000 in 2020 and recovered to AED 125,000 by May 2023.
  • At AED 125,000 a year the gross yield on the 2024 price is 4.3%, 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 14 August 2024.

Questions about TH118, Palmera 2

What did villa TH118 last sell for?

AED 2,900,000 on 14 August 2024: AED 1,343 per sqft for 2,158 sqft. The villa has 3 registered sales; the first was AED 796,888 in December 2012.

What is the rent for villa TH118?

AED 125,000 a year on the contract renewed on 15 May 2023. The previous contract, from May 2022, was AED 125,000; the villa has been rented since September 2017.

How big is villa TH118?

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

What is villa TH118 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 TH118, Palmera 2

Starts from the last sale price (AED 2.9M, 14 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,900,000
Deposit, UAE resident (20%)
AED 580,000
Deposit, non-resident (40%)
AED 1,160,000
Monthly over 25 years at 3.7%
AED 11,865

Plus AED 126,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →