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3-bed · 3,241 sqftPalmera 2, Arabian Ranches · completed 2008

TH174, Palmera 2

Sold prices and rental history: sold 5 times, last in August 2024, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH174 · DLD and Ejari recordsUpdated 13 August 2024
Last soldAED 5.7M13 August 2024
Current rentAED 195K /yr10 February 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH174, Palmera 2

What is TH174 worth today?

Last sold for AED 5,700,000 in 2024

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13 Aug 2024SoldReady
AED 5,700,000AED 1,758 per sqft
26 Jan 2020SoldReady
AED 2,725,000AED 840 per sqft
10 Feb 2019RentedRenewal
AED 195,000/yr12 months · AED 60 per sqft
15 Jul 2014RentedNew contract
AED 178,512/yr4 months · AED 55 per sqft
30 Jun 2014SoldReady
AED 4,000,000AED 1,234 per sqft
3 Sep 2009Sold by developerReady
AED 1,250,000AED 680 per sqft
3 Sep 2009SoldReady
AED 1,256,888AED 684 per sqft

Source: Dubai Land Department. Updated 13 August 2024.

Key facts

Type
3-bed villa
Size
3,241 sqft
Developer
Emaar
Completed
2008
Service charge
AED 10,000 /yr
Last sold
AED 5.7M · August 2024
Community
Palmera 2

About TH174, Palmera 2

TH174 is a three-bedroom villa of 3,241 sqft in Palmera 2, a villa community in Arabian Ranches completed in 2008 by Emaar. It last sold on 13 August 2024 for AED 5,700,000, or AED 1,758 per sqft, 5% above the AED 1,681 three-beds in the community were fetching at the time.

It has been rented since 2014 on 2 Ejari contracts. The current contract, renewed on 10 February 2019, is AED 195,000 a year: a gross yield of 3.4% on the 2024 price, before the service charge of about AED 10,000 a year.

Sales and rents for TH174 over time

Sales
Villa TH174, each saleTypical three-bed in Palmera 2
2.5M5M2008201320182023Typical sale price by year: 2008 AED 1,418,888; 2009 AED 1,516,888; 2010 AED 1,399,888; 2011 AED 1,523,888; 2012 AED 2,900,000; 2013 AED 1,501,388; 2014 AED 4,000,000; 2015 AED 3,400,000; 2016 AED 3,350,000; 2018 AED 2,750,000; 2019 AED 2,675,000; 2020 AED 2,250,000; 2022 AED 3,825,000; 2023 AED 4,250,000; 2024 AED 5,475,000; 2025 AED 5,500,000Sold by developer, September 2009: AED 1,250,000 (AED 680 per sqft)Sold, September 2009: AED 1,256,888 (AED 684 per sqft)Sold, June 2014: AED 4,000,000 (AED 1,234 per sqft)Sold, January 2020: AED 2,725,000 (AED 840 per sqft)Sold, August 2024: AED 5,700,000 (AED 1,758 per sqft)

TH174 has sold 5 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa TH174, each contractTypical three-bed in Palmera 2
200K300K2012201620202024Typical rent by year: 2012 AED 189,000; 2013 AED 195,000; 2014 AED 215,000; 2015 AED 217,500; 2016 AED 215,000; 2017 AED 202,500; 2018 AED 177,500; 2019 AED 165,000; 2020 AED 150,000; 2021 AED 155,000; 2022 AED 170,000; 2023 AED 188,000; 2024 AED 257,500; 2025 AED 279,000New contract, July 2014: AED 178,512 a yearRenewal, February 2019: AED 195,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the community.

3-beds in Palmera 2, and where TH174 sits

All 63 3-beds →

TH174 last sold in August 2024 at AED 1,758 per sqft, 5% above what three-beds in Palmera 2 were fetching at the time (AED 1,681).

Recent 3-bed salesVilla no.Price (AED)Summary
29 Aug 20256,100,000
30 May 20255,500,000
21 Feb 20255,400,000
30 Sep 20245,500,000
0 3-bed sales 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 →

TH174, Palmera 2 in numbers

  • Sold 5 times: first on 3 September 2009 for AED 1,256,888, last on 13 August 2024 for AED 5,700,000 (AED 1,758 per sqft).
  • Rented since July 2014 on 2 Ejari contracts, from AED 178,512 to AED 195,000 a year.
  • At AED 195,000 a year the gross yield on the 2024 price is 3.4%, before a service charge of about AED 10,000 a year (AED 3.08 per sqft).

Source: Dubai Land Department. Updated 13 August 2024.

Questions about TH174, Palmera 2

What did villa TH174 last sell for?

AED 5,700,000 on 13 August 2024: AED 1,758 per sqft for 3,241 sqft. The villa has 5 registered sales; the first was AED 1,256,888 in September 2009.

What is the rent for villa TH174?

AED 195,000 a year on the contract renewed on 10 February 2019. The previous contract, from July 2014, was AED 178,512.

How big is villa TH174?

3,241 sqft (301.1 sqm): a three-bedroom villa in Palmera 2, completed in 2008.

What is villa TH174 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on TH174, Palmera 2

Starts from the last sale price (AED 5.7M, 13 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 5,700,000
Deposit, UAE resident (20%)
AED 1,140,000
Deposit, non-resident (40%)
AED 2,280,000
Monthly over 25 years at 3.7%
AED 23,320

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