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

TH020, Palmera 3

Sold prices and rental history: sold 3 times, last in November 2022, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH020 · DLD and Ejari recordsUpdated 11 November 2022
Last soldAED 3.08M11 November 2022
Current rentAED 120K /yr17 December 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH020, Palmera 3

What is TH020 worth today?

Last sold for AED 3,075,000 in 2022

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11 Nov 2022SoldReady
AED 3,075,000AED 1,260 per sqft
17 Dec 2021RentedNew contract
AED 119,670/yr8 months · AED 49 per sqft
24 Aug 2021SoldReady
AED 2,575,000AED 1,055 per sqft
17 Dec 2020RentedNew contract
AED 120,000/yr12 months · AED 49 per sqft
15 Nov 2019RentedNew contract
AED 135,000/yr12 months · AED 55 per sqft
28 Apr 2019RentedNew contract
AED 150,000/yr12 months · AED 62 per sqft
26 Oct 2015RentedNew contract
AED 175,000/yr12 months · AED 72 per sqft
21 Apr 2013RentedNew contract
AED 160,000/yr12 months · AED 66 per sqft

Source: Dubai Land Department. Updated 11 November 2022.

Key facts

Type
2-bed villa
Size
2,439 sqft
Developer
Emaar
Completed
2008
Service charge
AED 7,500 /yr
Last sold
AED 3.08M · November 2022
Community
Palmera 3

About TH020, Palmera 3

TH020 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 11 November 2022 for AED 3,075,000, or AED 1,260 per sqft, 22% above the AED 1,029 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 17 December 2021, is AED 119,670 a year: a gross yield of 3.9% on the 2022 price, before the service charge of about AED 7,500 a year.

Sales and rents for TH020 over time

Sales
Villa TH020, 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 1,147,888 (AED 570 per sqft)Sold, August 2021: AED 2,575,000 (AED 1,055 per sqft)Sold, November 2022: AED 3,075,000 (AED 1,260 per sqft)

TH020 has sold 3 times; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH020, 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, April 2013: AED 160,000 a yearNew contract, October 2015: AED 175,000 a yearNew contract, April 2019: AED 150,000 a yearNew contract, November 2019: AED 135,000 a yearNew contract, December 2020: AED 120,000 a yearNew contract, December 2021: AED 119,670 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 TH020 sits

All 92 2-beds →

TH020 last sold in November 2022 at AED 1,260 per sqft, 22% above what two-beds in Palmera 3 were fetching at the time (AED 1,029). 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. TH020's AED 119,670 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 →

TH020, Palmera 3 in numbers

  • Sold 3 times: first on 1 August 2010 for AED 1,147,888, last on 11 November 2022 for AED 3,075,000 (AED 1,260 per sqft).
  • Rented since April 2013 on 6 Ejari contracts, from AED 160,000 to AED 119,670 a year.
  • At AED 119,670 a year the gross yield on the 2022 price is 3.9%, 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 11 November 2022.

Questions about TH020, Palmera 3

What did villa TH020 last sell for?

AED 3,075,000 on 11 November 2022: AED 1,260 per sqft for 2,439 sqft. The villa has 3 registered sales; the first was AED 1,147,888 in August 2010.

What is the rent for villa TH020?

AED 119,670 a year on the contract signed on 17 December 2021. The previous contract, from December 2020, was AED 120,000; the villa has been rented since April 2013.

How big is villa TH020?

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

What is villa TH020 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 TH020, Palmera 3

Starts from the last sale price (AED 3.08M, 11 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 3,075,000
Deposit, UAE resident (20%)
AED 615,000
Deposit, non-resident (40%)
AED 1,230,000
Monthly over 25 years at 3.7%
AED 12,581

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →