2-bed · 2,158 sqftPalmera 2, Arabian Ranches · completed 2008

TH183, Palmera 2

Sold prices and rental history: sold 3 times, last in July 2022, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH183 · DLD and Ejari recordsUpdated 14 July 2022
Last soldAED 2.3M14 July 2022
Current rentAED 77K /yr1 August 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for TH183, Palmera 2

What is TH183 worth today?

Last sold for AED 2,300,000 in 2022

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14 Jul 2022SoldReady
AED 2,300,000AED 1,065 per sqft
1 Aug 2020RentedNew contract
AED 77,000/yr24 months · AED 36 per sqft
25 Jun 2019RentedRenewal
AED 115,000/yr12 months · AED 53 per sqft
20 Jun 2018RentedNew contract
AED 130,000/yr12 months · AED 60 per sqft
20 Jul 2015RentedRenewal
AED 135,000/yr12 months · AED 63 per sqft
20 Jul 2014RentedNew contract
AED 135,000/yr12 months · AED 63 per sqft
20 Jul 2013RentedNew contract
AED 135,000/yr12 months · AED 63 per sqft
28 Mar 2013SoldReady
AED 2,050,000AED 1,287 per sqft

Source: Dubai Land Department. Updated 14 July 2022.

Key facts

Type
2-bed villa
Size
2,158 sqft
Developer
Emaar
Completed
2008
Service charge
AED 6,600 /yr
Last sold
AED 2.3M · July 2022
Community
Palmera 2

About TH183, Palmera 2

TH183 is a two-bedroom villa of 2,158 sqft in Palmera 2, a villa community in Arabian Ranches completed in 2008 by Emaar. It last sold on 14 July 2022 for AED 2,300,000, or AED 1,065 per sqft, in line with the AED 1,045 two-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, signed on 1 August 2020, is AED 77,000 a year: a gross yield of 3.4% on the 2022 price, before the service charge of about AED 6,600 a year.

Sales and rents for TH183 over time

Sales
Villa TH183, 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, November 2008: AED 741,888 (AED 466 per sqft)Sold, March 2013: AED 2,050,000 (AED 1,287 per sqft)Sold, July 2022: AED 2,300,000 (AED 1,065 per sqft)

TH183 has sold 3 times; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH183, 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, July 2013: AED 135,000 a yearNew contract, July 2014: AED 135,000 a yearRenewal, July 2015: AED 135,000 a yearNew contract, June 2018: AED 130,000 a yearRenewal, June 2019: AED 115,000 a yearNew contract, August 2020: AED 77,000 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 TH183 sits

All 126 2-beds →

TH183 last sold in July 2022 at AED 1,065 per sqft, in line with what two-beds in Palmera 2 were fetching at the time (AED 1,045). 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. TH183's AED 77,000 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 →

TH183, Palmera 2 in numbers

  • Sold 3 times: first on 12 November 2008 for AED 741,888, last on 14 July 2022 for AED 2,300,000 (AED 1,065 per sqft).
  • Rented since July 2013 on 6 Ejari contracts, from AED 135,000 to AED 77,000 a year.
  • At AED 77,000 a year the gross yield on the 2022 price is 3.4%, 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 14 July 2022.

Questions about TH183, Palmera 2

What did villa TH183 last sell for?

AED 2,300,000 on 14 July 2022: AED 1,065 per sqft for 2,158 sqft. The villa has 3 registered sales; the first was AED 741,888 in November 2008.

What is the rent for villa TH183?

AED 77,000 a year on the contract signed on 1 August 2020. The previous contract, from June 2019, was AED 115,000; the villa has been rented since July 2013.

How big is villa TH183?

2,158 sqft (200.5 sqm): a two-bedroom villa in Palmera 2, completed in 2008.

What is villa TH183 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 TH183, Palmera 2

Starts from the last sale price (AED 2.3M, 14 July 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,300,000
Deposit, UAE resident (20%)
AED 460,000
Deposit, non-resident (40%)
AED 920,000
Monthly over 25 years at 3.7%
AED 9,410

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