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2-bed · 2,158 sqftPalmera 3, Arabian Ranches · completed 2008

TH009, Palmera 3

Sold prices and rental history: sold 3 times, last in August 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH009 · DLD and Ejari recordsUpdated 11 August 2023
Last soldAED 2.83M11 August 2023
Current rentAED 135K /yr1 November 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH009, Palmera 3

What is TH009 worth today?

Last sold for AED 2,825,000 in 2023

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11 Aug 2023SoldReady
AED 2,825,000AED 1,308 per sqft
10 Sep 2018SoldReady
AED 1,800,000AED 833 per sqft
1 Nov 2017RentedNew contract
AED 135,000/yr12 months · AED 63 per sqft
16 May 2017RentedRenewal
AED 165,000/yr12 months · AED 76 per sqft
16 May 2016RentedRenewal
AED 165,000/yr12 months · AED 76 per sqft
16 May 2016RentedNew contract
AED 165,000/yr12 months · AED 76 per sqft
25 Jun 2015Sold by developerReady
AED 3,189,888AED 1,477 per sqft
16 May 2015RentedNew contract
AED 165,000/yr12 months · AED 76 per sqft

Source: Dubai Land Department. Updated 11 August 2023.

Key facts

Type
2-bed villa
Size
2,158 sqft
Developer
Emaar
Completed
2008
Service charge
AED 6,600 /yr
Last sold
AED 2.83M · August 2023
Community
Palmera 3

About TH009, Palmera 3

TH009 is a two-bedroom villa of 2,158 sqft in Palmera 3, a villa community in Arabian Ranches completed in 2008 by Emaar. It last sold on 11 August 2023 for AED 2,825,000, or AED 1,308 per sqft, 4% above the AED 1,260 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 November 2017, is AED 135,000 a year: a gross yield of 4.8% on the 2023 price, before the service charge of about AED 6,600 a year.

Sales and rents for TH009 over time

Sales
Villa TH009, 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, June 2015: AED 3,189,888 (AED 1,477 per sqft)Sold, September 2018: AED 1,800,000 (AED 833 per sqft)Sold, August 2023: AED 2,825,000 (AED 1,308 per sqft)

TH009 has sold 3 times; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH009, 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, October 2013: AED 78,750 a yearNew contract, May 2015: AED 165,000 a yearRenewal, May 2016: AED 165,000 a yearNew contract, May 2016: AED 165,000 a yearRenewal, May 2017: AED 165,000 a yearNew contract, November 2017: AED 135,000 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 TH009 sits

All 92 2-beds →

TH009 last sold in August 2023 at AED 1,308 per sqft, 4% above what two-beds in Palmera 3 were fetching at the time (AED 1,260). 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. TH009's AED 135,000 is in the lower 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 →

TH009, Palmera 3 in numbers

  • Sold 3 times: first on 25 June 2015 for AED 3,189,888, last on 11 August 2023 for AED 2,825,000 (AED 1,308 per sqft).
  • Rented since October 2013 on 6 Ejari contracts, from AED 78,750 to AED 135,000 a year.
  • At AED 135,000 a year the gross yield on the 2023 price is 4.8%, before a service charge of about AED 6,600 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 11 August 2023.

Questions about TH009, Palmera 3

What did villa TH009 last sell for?

AED 2,825,000 on 11 August 2023: AED 1,308 per sqft for 2,158 sqft. The villa has 3 registered sales; the first was AED 3,189,888 in June 2015.

What is the rent for villa TH009?

AED 135,000 a year on the contract signed on 1 November 2017. The previous contract, from May 2017, was AED 165,000; the villa has been rented since October 2013.

How big is villa TH009?

2,158 sqft (200.5 sqm): a two-bedroom villa in Palmera 3, completed in 2008.

What is villa TH009 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 TH009, Palmera 3

Starts from the last sale price (AED 2.83M, 11 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,825,000
Deposit, UAE resident (20%)
AED 565,000
Deposit, non-resident (40%)
AED 1,130,000
Monthly over 25 years at 3.7%
AED 11,558

Plus AED 123,660 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →