3-bed · 933 sqftPalmera 3, Arabian Ranches · completed 2008

TH007, Palmera 3

Sold prices and rental history: sold once, by the developer in July 2010, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH007 · DLD and Ejari recordsUpdated 8 August 2024
Last soldAED 811K7 July 2010
Current rentAED 255K /yr8 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for TH007, Palmera 3

What is TH007 worth today?

Last sold for AED 811,444 in 2010

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8 Aug 2024RentedRenewal
AED 255,000/yr6 months · AED 79 per sqft
8 Aug 2023RentedRenewal
AED 255,000/yr12 months · AED 79 per sqft
18 Jul 2021RentedRenewal
AED 200,000/yr12 months · AED 62 per sqft
18 Jul 2020RentedRenewal
AED 200,000/yr12 months · AED 62 per sqft
18 Jul 2019RentedRenewal
AED 225,000/yr12 months · AED 69 per sqft
20 Jul 2018RentedRenewal
AED 226,257/yr12 months · AED 70 per sqft
18 Jul 2017RentedNew contract
AED 223,797/yr12 months · AED 69 per sqft
1 Jun 2013RentedNew contract
AED 245,000/yr40 months · AED 76 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 8 August 2024.

Key facts

Type
3-bed villa
Size
933 sqft
Developer
Emaar
Completed
2008
Service charge
AED 2,900 /yr
Last sold
AED 811K · July 2010
Community
Palmera 3

About TH007, Palmera 3

TH007 is a three-bedroom villa of 933 sqft in Palmera 3, a villa community in Arabian Ranches completed in 2008 by Emaar. The developer sold it on 7 July 2010 for AED 811,444, or AED 869 per sqft, 23% below the AED 1,129 three-beds in the community were fetching at the time.

It has been rented continuously since 2012 on 9 Ejari contracts. The current contract, renewed on 8 August 2024, is AED 255,000 a year: a gross yield of 31.4% on the 2010 price, before the service charge of about AED 2,900 a year.

Sales and rents for TH007 over time

Sales
Villa TH007, each saleTypical three-bed in Palmera 3
02.5M5M2008201320182023Typical sale price by year: 2008 AED 1,552,888; 2009 AED 1,512,500; 2010 AED 1,396,388; 2011 AED 1,463,888; 2012 AED 2,920,000; 2013 AED 1,700,000; 2014 AED 4,000,000; 2020 AED 2,350,000; 2021 AED 3,050,000; 2022 AED 4,200,000; 2023 AED 4,950,000; 2025 AED 5,700,000Sold by developer, July 2010: AED 811,444 (AED 869 per sqft)

TH007 has sold once; the dashed line is the three-bed median of each year in the community.

Rents
Villa TH007, each contractTypical three-bed in Palmera 3
200K2012201620202024Typical rent by year: 2012 AED 174,960; 2013 AED 210,000; 2014 AED 233,000; 2015 AED 230,000; 2016 AED 230,000; 2017 AED 210,000; 2018 AED 182,500; 2019 AED 167,500; 2020 AED 155,000; 2021 AED 160,000; 2022 AED 190,000; 2023 AED 220,000; 2024 AED 262,000; 2025 AED 270,000New contract, August 2012: AED 154,167 a yearNew contract, June 2013: AED 245,000 a yearNew contract, July 2017: AED 223,797 a yearRenewal, July 2018: AED 226,257 a yearRenewal, July 2019: AED 225,000 a yearRenewal, July 2020: AED 200,000 a yearRenewal, July 2021: AED 200,000 a yearRenewal, August 2023: AED 255,000 a yearRenewal, August 2024: AED 255,000 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 3, and where TH007 sits

All 46 3-beds →

TH007 last sold in July 2010 at AED 869 per sqft, 23% below what three-beds in Palmera 3 were fetching at the time (AED 1,129). Over the last 12 months three-beds sold for AED 6,900,000 to 7,200,000, around AED 2,175 per sqft, and rent for AED 280,000 to 295,000 a year. TH007's AED 255,000 is at the bottom of that range.

Recent 3-bed salesVilla no.Price (AED)Summary
30 Jan 20266,900,000
26 Jan 20267,200,000
29 Sep 20255,900,000
22 Aug 20256,200,000
2 3-bed sales in the last 12 months

Palmera 3

Community

138 villas, 2-bed to 3-bed in Arabian Ranches, completed in 2008 by Emaar. 4 sold in the last 12 months.

Typical price per sqft
AED 1,975
Typical sale
AED 5.41M
Typical rent
AED 170K /yr
Typical yield
4.0%
Palmera 3, Arabian Ranches: prices, sales and rents →

TH007, Palmera 3 in numbers

  • Sold once: by Emaar on 7 July 2010 for AED 811,444, or AED 869 per sqft.
  • Rented since August 2012 on 9 Ejari contracts, from AED 154,167 to AED 255,000 a year.
  • At AED 255,000 a year the gross yield on the 2010 price is 31.4%, before a service charge of about AED 2,900 a year (AED 3.08 per sqft).
  • Three-beds in Palmera 3 sold for AED 6,900,000–7,200,000 in the 12 months to November 2026; the community's median across all types is AED 1,975 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 8 August 2024.

Questions about TH007, Palmera 3

What did villa TH007 last sell for?

AED 811,444 on 7 July 2010, sold by the developer: AED 869 per sqft for 933 sqft. It is the only registered sale of the villa.

What is the rent for villa TH007?

AED 255,000 a year on the contract renewed on 8 August 2024. The previous contract, from August 2023, was AED 255,000; the villa has been rented since August 2012.

How big is villa TH007?

933 sqft (86.7 sqm): a three-bedroom villa in Palmera 3, completed in 2008.

What is villa TH007 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Palmera 3 sold for AED 6,900,000 to 7,200,000 in the last 12 months, around AED 2,175 per sqft.

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Mortgage on TH007, Palmera 3

Starts from the last sale price (AED 811K, 7 July 2010). Switch to today's estimate once you have unlocked it.
Price
AED 811,444
Deposit, UAE resident (20%)
AED 162,289
Deposit, non-resident (40%)
AED 324,578
Monthly over 25 years at 3.7%
AED 3,320

Plus AED 39,091 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →