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2-bed · 2,437 sqftPalmera 2, Arabian Ranches · completed 2008

TH137, Palmera 2

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

Villa TH137 · DLD and Ejari recordsUpdated 25 August 2021
Last soldAED 2.4M25 August 2021
Current rentAED 130K /yr15 October 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH137, Palmera 2

What is TH137 worth today?

Last sold for AED 2,400,000 in 2021

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25 Aug 2021SoldReady
AED 2,400,000AED 984 per sqft
1 Jun 2020SoldReady
AED 1,615,000AED 662 per sqft
15 Oct 2019RentedRenewal
AED 130,000/yr12 months · AED 53 per sqft
15 Oct 2018RentedNew contract
AED 130,000/yr12 months · AED 53 per sqft
10 Nov 2012RentedNew contract
AED 105,000/yr12 months · AED 43 per sqft
5 Sep 2010Sold by developerReady
AED 493,444AED 349 per sqft

Source: Dubai Land Department. Updated 25 August 2021.

Key facts

Type
2-bed villa
Size
2,437 sqft
Developer
Emaar
Completed
2008
Service charge
AED 7,500 /yr
Last sold
AED 2.4M · August 2021
Community
Palmera 2

About TH137, Palmera 2

TH137 is a two-bedroom villa of 2,437 sqft in Palmera 2, a villa community in Arabian Ranches completed in 2008 by Emaar. It last sold on 25 August 2021 for AED 2,400,000, or AED 984 per sqft, 23% above the AED 799 two-beds in the community were fetching at the time.

It has been rented since 2012 on 3 Ejari contracts. The current contract, renewed on 15 October 2019, is AED 130,000 a year: a gross yield of 5.4% on the 2021 price, before the service charge of about AED 7,500 a year.

Sales and rents for TH137 over time

Sales
Villa TH137, each saleTypical two-bed in Palmera 2
02M4M2008201320182023Typical 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 2010: AED 493,444 (AED 349 per sqft)Sold, June 2020: AED 1,615,000 (AED 662 per sqft)Sold, August 2021: AED 2,400,000 (AED 984 per sqft)

TH137 has sold 3 times; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH137, 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 2012: AED 105,000 a yearNew contract, October 2018: AED 130,000 a yearRenewal, October 2019: AED 130,000 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 TH137 sits

All 126 2-beds →

TH137 last sold in August 2021 at AED 984 per sqft, 23% above what two-beds in Palmera 2 were fetching at the time (AED 799). 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. TH137's AED 130,000 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 →

TH137, Palmera 2 in numbers

  • Sold 3 times: first on 5 September 2010 for AED 493,444, last on 25 August 2021 for AED 2,400,000 (AED 984 per sqft).
  • Rented since November 2012 on 3 Ejari contracts, from AED 105,000 to AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2021 price is 5.4%, before a service charge of about AED 7,500 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 August 2021.

Questions about TH137, Palmera 2

What did villa TH137 last sell for?

AED 2,400,000 on 25 August 2021: AED 984 per sqft for 2,437 sqft. The villa has 3 registered sales; the first was AED 493,444 in September 2010.

What is the rent for villa TH137?

AED 130,000 a year on the contract renewed on 15 October 2019. The previous contract, from October 2018, was AED 130,000; the villa has been rented since November 2012.

How big is villa TH137?

2,437 sqft (226.4 sqm): a two-bedroom villa in Palmera 2, completed in 2008.

What is villa TH137 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 TH137, Palmera 2

Starts from the last sale price (AED 2.4M, 25 August 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,400,000
Deposit, UAE resident (20%)
AED 480,000
Deposit, non-resident (40%)
AED 960,000
Monthly over 25 years at 3.7%
AED 9,819

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