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2-bed · 1,491 sqftPalmera 3, Arabian Ranches · completed 2008

TH008, Palmera 3

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

Villa TH008 · DLD and Ejari recordsUpdated 15 June 2024
Last soldAED 2.4M7 June 2012
Current rentAED 170K /yr15 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH008, Palmera 3

What is TH008 worth today?

Last sold for AED 2,400,000 in 2012

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15 Jun 2024RentedRenewal
AED 170,000/yr12 months · AED 70 per sqft
15 Jun 2023RentedRenewal
AED 150,000/yr12 months · AED 62 per sqft
15 Jun 2022RentedNew contract
AED 150,000/yr12 months · AED 62 per sqft
15 Jun 2021RentedNew contract
AED 130,000/yr12 months · AED 53 per sqft
7 Jun 2012SoldReady
AED 2,400,000AED 1,609 per sqft
7 May 2012Sold by developerReady
AED 1,473,888AED 988 per sqft

Source: Dubai Land Department. Updated 15 June 2024.

Key facts

Type
2-bed villa
Size
1,491 sqft
Developer
Emaar
Completed
2008
Service charge
AED 4,600 /yr
Last sold
AED 2.4M · June 2012
Community
Palmera 3

About TH008, Palmera 3

TH008 is a two-bedroom villa of 1,491 sqft in Palmera 3, a villa community in Arabian Ranches completed in 2008 by Emaar. It last sold on 7 June 2012 for AED 2,400,000, or AED 1,609 per sqft, 90% above the AED 848 two-beds in the community were fetching at the time.

It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 15 June 2024, is AED 170,000 a year: a gross yield of 7.1% on the 2012 price, before the service charge of about AED 4,600 a year.

Sales and rents for TH008 over time

Sales
Villa TH008, each saleTypical two-bed in Palmera 3
2M4M2008201320182023Typical sale price by year: 2008 AED 1,274,888; 2009 AED 1,023,888; 2010 AED 1,200,000; 2011 AED 1,181,250; 2012 AED 1,875,000; 2013 AED 2,187,500; 2014 AED 2,612,500; 2015 AED 2,500,000; 2016 AED 2,492,500; 2017 AED 2,036,363; 2018 AED 1,900,000; 2019 AED 1,890,000; 2020 AED 1,600,000; 2021 AED 2,500,000; 2022 AED 2,480,000; 2023 AED 2,900,000; 2024 AED 3,150,000; 2025 AED 4,475,000Sold by developer, May 2012: AED 1,473,888 (AED 988 per sqft)Sold, June 2012: AED 2,400,000 (AED 1,609 per sqft)

TH008 has sold twice; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH008, each contractTypical two-bed in Palmera 3
100K150K20112015201920232027Typical rent by year: 2011 AED 97,000; 2012 AED 130,000; 2013 AED 140,000; 2014 AED 160,000; 2015 AED 170,000; 2016 AED 160,000; 2017 AED 150,000; 2018 AED 135,000; 2019 AED 125,000; 2020 AED 110,000; 2021 AED 110,000; 2022 AED 119,027; 2023 AED 155,000; 2024 AED 165,000; 2025 AED 170,000; 2026 AED 157,500New contract, June 2021: AED 130,000 a yearNew contract, June 2022: AED 150,000 a yearRenewal, June 2023: AED 150,000 a yearRenewal, June 2024: AED 170,000 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 3, and where TH008 sits

All 92 2-beds →

TH008 last sold in June 2012 at AED 1,609 per sqft, 90% above what two-beds in Palmera 3 were fetching at the time (AED 848). Over the last 12 months two-beds sold for AED 3,700,000 to 3,925,566, around AED 1,767 per sqft, and rent for AED 120,000 to 195,000 a year. TH008's AED 170,000 is in the upper half of that range.

Recent 2-bed salesVilla no.Price (AED)Summary
12 Feb 20263,700,000
23 Dec 20253,925,566
16 Sep 20254,450,000
2 May 20254,500,000
2 2-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 →

TH008, Palmera 3 in numbers

  • Sold twice: first on 7 May 2012 for AED 1,473,888, last on 7 June 2012 for AED 2,400,000 (AED 1,609 per sqft).
  • Rented since June 2021 on 4 Ejari contracts, from AED 130,000 to AED 170,000 a year.
  • At AED 170,000 a year the gross yield on the 2012 price is 7.1%, before a service charge of about AED 4,600 a year (AED 3.08 per sqft).
  • Two-beds in Palmera 3 sold for AED 3,700,000–3,925,566 in the 12 months to November 2026; the community's median across all types is AED 1,975 per sqft.

Source: Dubai Land Department. Updated 15 June 2024.

Questions about TH008, Palmera 3

What did villa TH008 last sell for?

AED 2,400,000 on 7 June 2012: AED 1,609 per sqft for 1,491 sqft. The villa has 2 registered sales; the first was AED 1,473,888 in May 2012.

What is the rent for villa TH008?

AED 170,000 a year on the contract renewed on 15 June 2024. The previous contract, from June 2023, was AED 150,000; the villa has been rented since June 2021.

How big is villa TH008?

1,491 sqft (138.5 sqm): a two-bedroom villa in Palmera 3, completed in 2008.

What is villa TH008 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Palmera 3 sold for AED 3,700,000 to 3,925,566 in the last 12 months, around AED 1,767 per sqft.

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Mortgage on TH008, Palmera 3

Starts from the last sale price (AED 2.4M, 7 June 2012). 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 AED 105,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →