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2-bed · 2,156 sqftPalmera 2, Arabian Ranches · completed 2008

TH171, Palmera 2

Sold prices and rental history: sold twice, last in April 2014, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH171 · DLD and Ejari recordsUpdated 20 October 2023
Last soldAED 2.55M3 April 2014
Current rentAED 125K /yr20 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH171, Palmera 2

What is TH171 worth today?

Last sold for AED 2,550,000 in 2014

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20 Oct 2023RentedRenewal
AED 125,000/yr12 months · AED 58 per sqft
20 Oct 2022RentedRenewal
AED 115,000/yr12 months · AED 53 per sqft
20 Oct 2019RentedNew contract
AED 125,000/yr12 months · AED 58 per sqft
20 Oct 2018RentedNew contract
AED 130,000/yr12 months · AED 60 per sqft
1 Oct 2017RentedRenewal
AED 150,000/yr12 months · AED 70 per sqft
1 Oct 2016RentedRenewal
AED 150,000/yr12 months · AED 70 per sqft
3 Apr 2014SoldReady
AED 2,550,000AED 1,182 per sqft
15 Aug 2013Sold by developerReady
AED 1,000,000AED 463 per sqft

Source: Dubai Land Department. Updated 20 October 2023.

Key facts

Type
2-bed villa
Size
2,156 sqft
Developer
Emaar
Completed
2008
Service charge
AED 6,600 /yr
Last sold
AED 2.55M · April 2014
Community
Palmera 2

About TH171, Palmera 2

TH171 is a two-bedroom villa of 2,156 sqft in Palmera 2, a villa community in Arabian Ranches completed in 2008 by Emaar. It last sold on 3 April 2014 for AED 2,550,000, or AED 1,182 per sqft, 35% above the AED 875 two-beds in the community were fetching at the time.

It has been rented continuously since 2016 on 6 Ejari contracts. The current contract, renewed on 20 October 2023, is AED 125,000 a year: a gross yield of 4.9% on the 2014 price, before the service charge of about AED 6,600 a year.

Sales and rents for TH171 over time

Sales
Villa TH171, 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 1,000,000 (AED 463 per sqft)Sold, April 2014: AED 2,550,000 (AED 1,182 per sqft)

TH171 has sold twice; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH171, 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 157,500Renewal, October 2016: AED 150,000 a yearRenewal, October 2017: AED 150,000 a yearNew contract, October 2018: AED 130,000 a yearNew contract, October 2019: AED 125,000 a yearRenewal, October 2022: AED 115,000 a yearRenewal, October 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 TH171 sits

All 126 2-beds →

TH171 last sold in April 2014 at AED 1,182 per sqft, 35% above what two-beds in Palmera 2 were fetching at the time (AED 875). 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. TH171'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 →

TH171, Palmera 2 in numbers

  • Sold twice: first on 15 August 2013 for AED 1,000,000, last on 3 April 2014 for AED 2,550,000 (AED 1,182 per sqft).
  • Rented since October 2016 on 6 Ejari contracts, from AED 150,000 to AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2014 price is 4.9%, 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 20 October 2023.

Questions about TH171, Palmera 2

What did villa TH171 last sell for?

AED 2,550,000 on 3 April 2014: AED 1,182 per sqft for 2,156 sqft. The villa has 2 registered sales; the first was AED 1,000,000 in August 2013.

What is the rent for villa TH171?

AED 125,000 a year on the contract renewed on 20 October 2023. The previous contract, from October 2022, was AED 115,000; the villa has been rented since October 2016.

How big is villa TH171?

2,156 sqft (200.3 sqm): a two-bedroom villa in Palmera 2, completed in 2008.

What is villa TH171 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 TH171, Palmera 2

Starts from the last sale price (AED 2.55M, 3 April 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,550,000
Deposit, UAE resident (20%)
AED 510,000
Deposit, non-resident (40%)
AED 1,020,000
Monthly over 25 years at 3.7%
AED 10,433

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