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2-bed · 1,832 sqftPalmera 3, Arabian Ranches · completed 2008

TH015, Palmera 3

Sold prices and rental history: sold once, by the developer in June 2009, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH015 · DLD and Ejari recordsUpdated 20 October 2024
Last soldAED 1.02M21 June 2009
Current rentAED 160K /yr20 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH015, Palmera 3

What is TH015 worth today?

Last sold for AED 1,023,888 in 2009

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20 Oct 2024RentedRenewal
AED 160,000/yr12 months · AED 74 per sqft
19 Oct 2023RentedRenewal
AED 159,571/yr12 months · AED 74 per sqft
20 Oct 2022RentedNew contract
AED 155,000/yr12 months · AED 72 per sqft
1 Feb 2022RentedRenewal
AED 115,500/yr12 months · AED 54 per sqft
1 Feb 2021RentedNew contract
AED 110,000/yr12 months · AED 51 per sqft
15 Jan 2020RentedRenewal
AED 110,000/yr12 months · AED 51 per sqft
15 Jan 2018RentedRenewal
AED 145,000/yr12 months · AED 67 per sqft
20 Dec 2015RentedRenewal
AED 165,000/yr12 months · AED 77 per sqft

Source: Dubai Land Department. Updated 20 October 2024.

Key facts

Type
2-bed villa
Size
1,832 sqft
Developer
Emaar
Completed
2008
Service charge
AED 5,600 /yr
Last sold
AED 1.02M · June 2009
Community
Palmera 3

About TH015, Palmera 3

TH015 is a two-bedroom villa of 1,832 sqft in Palmera 3, a villa community in Arabian Ranches completed in 2008 by Emaar. The developer sold it on 21 June 2009 for AED 1,023,888, or AED 558 per sqft, in line with the AED 561 two-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, renewed on 20 October 2024, is AED 160,000 a year: a gross yield of 15.6% on the 2009 price, before the service charge of about AED 5,600 a year.

Sales and rents for TH015 over time

Sales
Villa TH015, 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 2009: AED 1,023,888 (AED 558 per sqft)

TH015 has sold once; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH015, 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, December 2013: AED 140,000 a yearNew contract, December 2014: AED 165,000 a yearRenewal, December 2015: AED 165,000 a yearRenewal, January 2018: AED 145,000 a yearRenewal, January 2020: AED 110,000 a yearNew contract, February 2021: AED 110,000 a yearRenewal, February 2022: AED 115,500 a yearNew contract, October 2022: AED 155,000 a yearRenewal, October 2023: AED 159,571 a yearRenewal, October 2024: AED 160,000 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 TH015 sits

All 92 2-beds →

TH015 last sold in June 2009 at AED 558 per sqft, in line with what two-beds in Palmera 3 were fetching at the time (AED 561). 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. TH015's AED 160,000 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 →

TH015, Palmera 3 in numbers

  • Sold once: by Emaar on 21 June 2009 for AED 1,023,888, or AED 558 per sqft.
  • Rented since December 2013 on 10 Ejari contracts. The rent fell from AED 140,000 to AED 110,000 in 2021 and recovered to AED 160,000 by October 2024.
  • At AED 160,000 a year the gross yield on the 2009 price is 15.6%, before a service charge of about AED 5,600 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 20 October 2024.

Questions about TH015, Palmera 3

What did villa TH015 last sell for?

AED 1,023,888 on 21 June 2009, sold by the developer: AED 558 per sqft for 1,832 sqft. It is the only registered sale of the villa.

What is the rent for villa TH015?

AED 160,000 a year on the contract renewed on 20 October 2024. The previous contract, from October 2023, was AED 159,571; the villa has been rented since December 2013.

How big is villa TH015?

1,832 sqft (170.2 sqm): a two-bedroom villa in Palmera 3, completed in 2008.

What is villa TH015 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 TH015, Palmera 3

Starts from the last sale price (AED 1.02M, 21 June 2009). Switch to today's estimate once you have unlocked it.
Price
AED 1,023,888
Deposit, UAE resident (20%)
AED 204,778
Deposit, non-resident (40%)
AED 409,555
Monthly over 25 years at 3.7%
AED 4,189

Plus AED 48,014 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →