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2-bed · 1,965 sqftPalmera 2, Arabian Ranches · completed 2008

TH122, Palmera 2

Sold prices and rental history: sold once, by the developer in October 2008, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH122 · DLD and Ejari recordsUpdated 1 October 2024
Last soldAED 1.03M29 October 2008
Current rentAED 170K /yr1 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH122, Palmera 2

What is TH122 worth today?

Last sold for AED 1,034,888 in 2008

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1 Oct 2024RentedNew contract
AED 170,000/yr24 months · AED 70 per sqft
1 Oct 2023RentedNew contract
AED 130,000/yr12 months · AED 53 per sqft
1 Oct 2022RentedRenewal
AED 115,500/yr12 months · AED 47 per sqft
1 Oct 2021RentedRenewal
AED 110,000/yr12 months · AED 45 per sqft
1 Oct 2020RentedNew contract
AED 110,000/yr12 months · AED 45 per sqft
7 Jun 2020RentedRenewal
AED 145,000/yr3 months · AED 59 per sqft
7 Jun 2019RentedRenewal
AED 145,000/yr12 months · AED 59 per sqft
7 Jun 2017RentedNew contract
AED 155,000/yr12 months · AED 64 per sqft

Source: Dubai Land Department. Updated 1 October 2024.

Key facts

Type
2-bed villa
Size
1,965 sqft
Developer
Emaar
Completed
2008
Service charge
AED 6,100 /yr
Last sold
AED 1.03M · October 2008
Community
Palmera 2

About TH122, Palmera 2

TH122 is a two-bedroom villa of 1,965 sqft in Palmera 2, a villa community in Arabian Ranches completed in 2008 by Emaar. The developer sold it on 29 October 2008 for AED 1,034,888, or AED 526 per sqft, 19% below the AED 650 two-beds in the community were fetching at the time.

It has been rented continuously since 2012 on 14 Ejari contracts. The current contract, signed on 1 October 2024, is AED 170,000 a year: a gross yield of 16.4% on the 2008 price, before the service charge of about AED 6,100 a year.

Sales and rents for TH122 over time

Sales
Villa TH122, 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, October 2008: AED 1,034,888 (AED 526 per sqft)

TH122 has sold once; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH122, 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, April 2012: AED 145,000 a yearNew contract, April 2013: AED 167,000 a yearRenewal, April 2014: AED 175,000 a yearNew contract, October 2014: AED 190,000 a yearNew contract, October 2015: AED 190,000 a yearRenewal, October 2016: AED 189,720 a yearNew contract, June 2017: AED 155,000 a yearRenewal, June 2019: AED 145,000 a yearRenewal, June 2020: AED 145,000 a yearNew contract, October 2020: AED 110,000 a yearRenewal, October 2021: AED 110,000 a yearRenewal, October 2022: AED 115,500 a yearNew contract, October 2023: AED 130,000 a yearNew contract, October 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 TH122 sits

All 126 2-beds →

TH122 last sold in October 2008 at AED 526 per sqft, 19% below what two-beds in Palmera 2 were fetching at the time (AED 650). 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. TH122'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 →

TH122, Palmera 2 in numbers

  • Sold once: by Emaar on 29 October 2008 for AED 1,034,888, or AED 526 per sqft.
  • Rented since April 2012 on 14 Ejari contracts. The rent fell from AED 145,000 to AED 110,000 in 2021 and recovered to AED 170,000 by October 2024.
  • At AED 170,000 a year the gross yield on the 2008 price is 16.4%, before a service charge of about AED 6,100 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 1 October 2024.

Questions about TH122, Palmera 2

What did villa TH122 last sell for?

AED 1,034,888 on 29 October 2008, sold by the developer: AED 526 per sqft for 1,965 sqft. It is the only registered sale of the villa.

What is the rent for villa TH122?

AED 170,000 a year on the contract signed on 1 October 2024. The previous contract, from October 2023, was AED 130,000; the villa has been rented since April 2012.

How big is villa TH122?

1,965 sqft (182.6 sqm): a two-bedroom villa in Palmera 2, completed in 2008.

What is villa TH122 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 TH122, Palmera 2

Starts from the last sale price (AED 1.03M, 29 October 2008). Switch to today's estimate once you have unlocked it.
Price
AED 1,034,888
Deposit, UAE resident (20%)
AED 206,978
Deposit, non-resident (40%)
AED 413,955
Monthly over 25 years at 3.7%
AED 4,234

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