Home
Dubai prices
About
Research
2-bed · 2,156 sqftPalmera 3, Arabian Ranches · completed 2008

TH016, Palmera 3

Sold prices and rental history: sold 5 times, last in September 2021, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH016 · DLD and Ejari recordsUpdated 8 September 2021
Last soldAED 2.35M8 September 2021
Current rentAED 155K /yr9 February 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow TH016

Property timeline for TH016, Palmera 3

What is TH016 worth today?

Last sold for AED 2,350,000 in 2021

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

8 Sep 2021SoldReady
AED 2,350,000AED 1,089 per sqft
22 Feb 2018SoldReady
AED 1,900,000AED 881 per sqft
9 Feb 2017RentedNew contract
AED 155,000/yr12 months · AED 72 per sqft
25 Jan 2015RentedNew contract
AED 170,000/yr12 months · AED 79 per sqft
1 Feb 2014RentedNew contract
AED 160,000/yr12 months · AED 74 per sqft
11 Jul 2011SoldReady
AED 1,100,000AED 600 per sqft
2 Jul 2009Sold by developerReady
AED 1,500,000AED 819 per sqft
2 Jul 2009SoldReady
AED 1,023,888AED 559 per sqft

Source: Dubai Land Department. Updated 8 September 2021.

Key facts

Type
2-bed villa
Size
2,156 sqft
Developer
Emaar
Completed
2008
Service charge
AED 6,600 /yr
Last sold
AED 2.35M · September 2021
Community
Palmera 3

About TH016, Palmera 3

TH016 is a two-bedroom villa of 2,156 sqft in Palmera 3, a villa community in Arabian Ranches completed in 2008 by Emaar. It last sold on 8 September 2021 for AED 2,350,000, or AED 1,089 per sqft, 32% above the AED 823 two-beds in the community were fetching at the time.

It has been rented since 2014 on 3 Ejari contracts. The current contract, signed on 9 February 2017, is AED 155,000 a year: a gross yield of 6.6% on the 2021 price, before the service charge of about AED 6,600 a year.

Sales and rents for TH016 over time

Sales
Villa TH016, 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, July 2009: AED 1,500,000 (AED 819 per sqft)Sold, July 2009: AED 1,023,888 (AED 559 per sqft)Sold, July 2011: AED 1,100,000 (AED 600 per sqft)Sold, February 2018: AED 1,900,000 (AED 881 per sqft)Sold, September 2021: AED 2,350,000 (AED 1,089 per sqft)

TH016 has sold 5 times; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH016, 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, February 2014: AED 160,000 a yearNew contract, January 2015: AED 170,000 a yearNew contract, February 2017: AED 155,000 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 TH016 sits

All 92 2-beds →

TH016 last sold in September 2021 at AED 1,089 per sqft, 32% above what two-beds in Palmera 3 were fetching at the time (AED 823). 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. TH016's AED 155,000 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 →

TH016, Palmera 3 in numbers

  • Sold 5 times: first on 2 July 2009 for AED 1,023,888, last on 8 September 2021 for AED 2,350,000 (AED 1,089 per sqft).
  • Rented since February 2014 on 3 Ejari contracts, from AED 160,000 to AED 155,000 a year.
  • At AED 155,000 a year the gross yield on the 2021 price is 6.6%, 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 8 September 2021.

Questions about TH016, Palmera 3

What did villa TH016 last sell for?

AED 2,350,000 on 8 September 2021: AED 1,089 per sqft for 2,156 sqft. The villa has 5 registered sales; the first was AED 1,023,888 in July 2009.

What is the rent for villa TH016?

AED 155,000 a year on the contract signed on 9 February 2017. The previous contract, from January 2015, was AED 170,000; the villa has been rented since February 2014.

How big is villa TH016?

2,156 sqft (200.3 sqm): a two-bedroom villa in Palmera 3, completed in 2008.

What is villa TH016 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.

Selling TH016? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on TH016, Palmera 3

Starts from the last sale price (AED 2.35M, 8 September 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,350,000
Deposit, UAE resident (20%)
AED 470,000
Deposit, non-resident (40%)
AED 940,000
Monthly over 25 years at 3.7%
AED 9,615

Plus AED 103,710 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →