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2-bed · 2,439 sqftPalmera 3, Arabian Ranches · completed 2008

TH017, Palmera 3

Sold prices and rental history: sold twice, last in September 2022, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH017 · DLD and Ejari recordsUpdated 1 September 2022
Last soldAED 1.33M1 September 2022
Current rentAED 106K /yr30 May 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH017, Palmera 3

What is TH017 worth today?

Last sold for AED 1,330,000 in 2022

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1 Sep 2022SoldReady
AED 1,330,000AED 545 per sqft
30 May 2022RentedNew contract
AED 105,683/yr12 months · AED 43 per sqft
30 May 2022RentedRenewal
AED 105,683/yr12 months · AED 43 per sqft
30 May 2020RentedNew contract
AED 91,500/yr12 months · AED 38 per sqft
19 Jan 2019RentedNew contract
AED 115,000/yr12 months · AED 47 per sqft
2 Aug 2010Sold by developerReady
AED 1,215,000AED 674 per sqft

Source: Dubai Land Department. Updated 1 September 2022.

Key facts

Type
2-bed villa
Size
2,439 sqft
Developer
Emaar
Completed
2008
Service charge
AED 7,500 /yr
Last sold
AED 1.33M · September 2022
Community
Palmera 3

About TH017, Palmera 3

TH017 is a two-bedroom villa of 2,439 sqft in Palmera 3, a villa community in Arabian Ranches completed in 2008 by Emaar. It last sold on 1 September 2022 for AED 1,330,000, or AED 545 per sqft, 50% below the AED 1,098 two-beds in the community were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, signed on 30 May 2022, is AED 105,683 a year: a gross yield of 8.0% on the 2022 price, before the service charge of about AED 7,500 a year.

Sales and rents for TH017 over time

Sales
Villa TH017, 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, August 2010: AED 1,215,000 (AED 674 per sqft)Sold, September 2022: AED 1,330,000 (AED 545 per sqft)

TH017 has sold twice; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH017, 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, January 2019: AED 115,000 a yearNew contract, May 2020: AED 91,500 a yearNew contract, May 2022: AED 105,683 a yearRenewal, May 2022: AED 105,683 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 TH017 sits

All 92 2-beds →

TH017 last sold in September 2022 at AED 545 per sqft, 50% below what two-beds in Palmera 3 were fetching at the time (AED 1,098). 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. TH017's AED 105,683 is at the bottom 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 →

TH017, Palmera 3 in numbers

  • Sold twice: first on 2 August 2010 for AED 1,215,000, last on 1 September 2022 for AED 1,330,000 (AED 545 per sqft).
  • Rented since January 2019 on 4 Ejari contracts. The rent fell from AED 115,000 to AED 91,500 in 2020 and recovered to AED 105,683 by May 2022.
  • At AED 105,683 a year the gross yield on the 2022 price is 8.0%, before a service charge of about AED 7,500 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 1 September 2022.

Questions about TH017, Palmera 3

What did villa TH017 last sell for?

AED 1,330,000 on 1 September 2022: AED 545 per sqft for 2,439 sqft. The villa has 2 registered sales; the first was AED 1,215,000 in August 2010.

What is the rent for villa TH017?

AED 105,683 a year on the contract signed on 30 May 2022. The previous contract, from May 2022, was AED 105,683; the villa has been rented since January 2019.

How big is villa TH017?

2,439 sqft (226.6 sqm): a two-bedroom villa in Palmera 3, completed in 2008.

What is villa TH017 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 TH017, Palmera 3

Starts from the last sale price (AED 1.33M, 1 September 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,330,000
Deposit, UAE resident (20%)
AED 266,000
Deposit, non-resident (40%)
AED 532,000
Monthly over 25 years at 3.7%
AED 5,441

Plus AED 60,870 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →