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3-bed · 3,241 sqftPalmera 3, Arabian Ranches · completed 2008

TH024, Palmera 3

Sold prices and rental history: sold 6 times, last in April 2022, and rented once, from October 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH024 · DLD and Ejari recordsUpdated 19 April 2022
Last soldAED 4.25M19 April 2022
Current rentAED 231K /yr1 October 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH024, Palmera 3

What is TH024 worth today?

Last sold for AED 4,250,000 in 2022

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19 Apr 2022SoldReady
AED 4,250,000AED 1,311 per sqft
17 Jan 2021SoldReady
AED 2,975,000AED 918 per sqft
22 Jul 2015SoldReady
AED 3,700,000AED 1,141 per sqft
1 Oct 2014RentedNew contract
AED 231,000/yr12 months · AED 71 per sqft
30 Jun 2009SoldReady
AED 2,800,000AED 1,922 per sqft
19 May 2009SoldReady
AED 2,031,888AED 1,395 per sqft
29 Jan 2009Sold by developerReady
AED 2,031,888AED 1,395 per sqft

Source: Dubai Land Department. Updated 19 April 2022.

Key facts

Type
3-bed villa
Size
3,241 sqft
Developer
Emaar
Completed
2008
Service charge
AED 10,000 /yr
Last sold
AED 4.25M · April 2022
Community
Palmera 3

About TH024, Palmera 3

TH024 is a three-bedroom villa of 3,241 sqft in Palmera 3, a villa community in Arabian Ranches completed in 2008 by Emaar. It last sold on 19 April 2022 for AED 4,250,000, or AED 1,311 per sqft, 17% above the AED 1,118 three-beds in the community were fetching at the time.

One Ejari contract is registered, from 1 October 2014. The current contract, signed on 1 October 2014, is AED 231,000 a year: a gross yield of 5.4% on the 2022 price, before the service charge of about AED 10,000 a year.

Sales and rents for TH024 over time

Sales
Villa TH024, each saleTypical three-bed in Palmera 3
2M4M6M2008201320182023Typical sale price by year: 2008 AED 1,552,888; 2009 AED 1,512,500; 2010 AED 1,396,388; 2011 AED 1,463,888; 2012 AED 2,920,000; 2013 AED 1,700,000; 2014 AED 4,000,000; 2020 AED 2,350,000; 2021 AED 3,050,000; 2022 AED 4,200,000; 2023 AED 4,950,000; 2025 AED 5,700,000Sold by developer, January 2009: AED 2,031,888 (AED 1,395 per sqft)Sold, May 2009: AED 2,031,888 (AED 1,395 per sqft)Sold, June 2009: AED 2,800,000 (AED 1,922 per sqft)Sold, July 2015: AED 3,700,000 (AED 1,141 per sqft)Sold, January 2021: AED 2,975,000 (AED 918 per sqft)Sold, April 2022: AED 4,250,000 (AED 1,311 per sqft)

TH024 has sold 6 times; the dashed line is the three-bed median of each year in the community.

Rents
Villa TH024, each contractTypical three-bed in Palmera 3
200K2012201620202024Typical rent by year: 2012 AED 174,960; 2013 AED 210,000; 2014 AED 233,000; 2015 AED 230,000; 2016 AED 230,000; 2017 AED 210,000; 2018 AED 182,500; 2019 AED 167,500; 2020 AED 155,000; 2021 AED 160,000; 2022 AED 190,000; 2023 AED 220,000; 2024 AED 262,000; 2025 AED 270,000New contract, October 2014: AED 231,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the community.

3-beds in Palmera 3, and where TH024 sits

All 46 3-beds →

TH024 last sold in April 2022 at AED 1,311 per sqft, 17% above what three-beds in Palmera 3 were fetching at the time (AED 1,118). Over the last 12 months three-beds sold for AED 6,900,000 to 7,200,000, around AED 2,175 per sqft, and rent for AED 280,000 to 295,000 a year. TH024's AED 231,000 is at the bottom of that range.

Recent 3-bed salesVilla no.Price (AED)Summary
30 Jan 20266,900,000
26 Jan 20267,200,000
29 Sep 20255,900,000
22 Aug 20256,200,000
2 3-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 →

TH024, Palmera 3 in numbers

  • Sold 6 times: first on 29 January 2009 for AED 2,031,888, last on 19 April 2022 for AED 4,250,000 (AED 1,311 per sqft).
  • Rented since October 2014 on one Ejari contract, at AED 231,000 a year.
  • At AED 231,000 a year the gross yield on the 2022 price is 5.4%, before a service charge of about AED 10,000 a year (AED 3.08 per sqft).
  • Three-beds in Palmera 3 sold for AED 6,900,000–7,200,000 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 19 April 2022.

Questions about TH024, Palmera 3

What did villa TH024 last sell for?

AED 4,250,000 on 19 April 2022: AED 1,311 per sqft for 3,241 sqft. The villa has 6 registered sales; the first was AED 2,031,888 in January 2009.

What is the rent for villa TH024?

AED 231,000 a year on the contract signed on 1 October 2014.

How big is villa TH024?

3,241 sqft (301.1 sqm): a three-bedroom villa in Palmera 3, completed in 2008.

What is villa TH024 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Palmera 3 sold for AED 6,900,000 to 7,200,000 in the last 12 months, around AED 2,175 per sqft.

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Mortgage on TH024, Palmera 3

Starts from the last sale price (AED 4.25M, 19 April 2022). Switch to today's estimate once you have unlocked it.
Price
AED 4,250,000
Deposit, UAE resident (20%)
AED 850,000
Deposit, non-resident (40%)
AED 1,700,000
Monthly over 25 years at 3.7%
AED 17,388

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