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2-bed · 1,816 sqftPalmera 2, Arabian Ranches · completed 2008

TH124, Palmera 2

Sold prices and rental history: sold once, by the developer in September 2009, and rented continuously since 2010. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH124 · DLD and Ejari recordsUpdated 12 October 2024
Last soldAED 871K15 September 2009
Current rentAED 145K /yr12 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH124, Palmera 2

What is TH124 worth today?

Last sold for AED 870,888 in 2009

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12 Oct 2024RentedRenewal
AED 145,000/yr12 months · AED 67 per sqft
12 Oct 2023RentedRenewal
AED 135,000/yr12 months · AED 63 per sqft
12 Oct 2022RentedNew contract
AED 130,000/yr12 months · AED 60 per sqft
6 Sep 2022RentedRenewal
AED 97,644/yr1 months · AED 45 per sqft
6 Sep 2021RentedRenewal
AED 90,000/yr12 months · AED 42 per sqft
23 Jan 2020RentedRenewal
AED 105,000/yr12 months · AED 49 per sqft
23 Jan 2018RentedNew contract
AED 120,000/yr12 months · AED 56 per sqft
1 Dec 2015RentedNew contract
AED 160,000/yr12 months · AED 74 per sqft

Source: Dubai Land Department. Updated 12 October 2024.

Key facts

Type
2-bed villa
Size
1,816 sqft
Developer
Emaar
Completed
2008
Service charge
AED 5,600 /yr
Last sold
AED 871K · September 2009
Community
Palmera 2

About TH124, Palmera 2

TH124 is a two-bedroom villa of 1,816 sqft in Palmera 2, a villa community in Arabian Ranches completed in 2008 by Emaar. The developer sold it on 15 September 2009 for AED 870,888, or AED 479 per sqft, 6% below the AED 511 two-beds in the community were fetching at the time.

It has been rented continuously since 2010 on 14 Ejari contracts. The current contract, renewed on 12 October 2024, is AED 145,000 a year: a gross yield of 16.7% on the 2009 price, before the service charge of about AED 5,600 a year.

Sales and rents for TH124 over time

Sales
Villa TH124, 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, September 2009: AED 870,888 (AED 479 per sqft)

TH124 has sold once; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH124, each contractTypical two-bed in Palmera 2
100K150K2010201520202025Typical 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, December 2010: AED 95,000 a yearNew contract, March 2011: AED 95,000 a yearNew contract, December 2012: AED 130,000 a yearNew contract, December 2013: AED 130,000 a yearNew contract, December 2014: AED 150,000 a yearRenewal, December 2014: AED 150,000 a yearNew contract, December 2015: AED 160,000 a yearNew contract, January 2018: AED 120,000 a yearRenewal, January 2020: AED 105,000 a yearRenewal, September 2021: AED 90,000 a yearRenewal, September 2022: AED 97,644 a yearNew contract, October 2022: AED 130,000 a yearRenewal, October 2023: AED 135,000 a yearRenewal, October 2024: 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 TH124 sits

All 126 2-beds →

TH124 last sold in September 2009 at AED 479 per sqft, 6% below what two-beds in Palmera 2 were fetching at the time (AED 511). 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. TH124'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 →

TH124, Palmera 2 in numbers

  • Sold once: by Emaar on 15 September 2009 for AED 870,888, or AED 479 per sqft.
  • Rented since December 2010 on 14 Ejari contracts, from AED 95,000 to AED 145,000 a year.
  • At AED 145,000 a year the gross yield on the 2009 price is 16.7%, before a service charge of about AED 5,600 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 12 October 2024.

Questions about TH124, Palmera 2

What did villa TH124 last sell for?

AED 870,888 on 15 September 2009, sold by the developer: AED 479 per sqft for 1,816 sqft. It is the only registered sale of the villa.

What is the rent for villa TH124?

AED 145,000 a year on the contract renewed on 12 October 2024. The previous contract, from October 2023, was AED 135,000; the villa has been rented since December 2010.

How big is villa TH124?

1,816 sqft (168.7 sqm): a two-bedroom villa in Palmera 2, completed in 2008.

What is villa TH124 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 TH124, Palmera 2

Starts from the last sale price (AED 871K, 15 September 2009). Switch to today's estimate once you have unlocked it.
Price
AED 870,888
Deposit, UAE resident (20%)
AED 174,178
Deposit, non-resident (40%)
AED 348,355
Monthly over 25 years at 3.7%
AED 3,563

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