2-bed · 2,437 sqftPalmera 3, Arabian Ranches · completed 2008

TH026, Palmera 3

Sold prices and rental history: sold twice, 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 TH026 · DLD and Ejari recordsUpdated 31 December 2022
Last soldAED 3.1M21 November 2022
Current rentAED 119K /yr31 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for TH026, Palmera 3

What is TH026 worth today?

Last sold for AED 3,100,000 in 2022

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31 Dec 2022RentedNew contract
AED 119,027/yr12 months · AED 49 per sqft
21 Nov 2022SoldReady
AED 3,100,000AED 1,272 per sqft
31 Dec 2021RentedNew contract
AED 120,000/yr12 months · AED 49 per sqft
1 Dec 2020RentedNew contract
AED 115,000/yr12 months · AED 47 per sqft
1 Dec 2020RentedRenewal
AED 115,000/yr12 months · AED 47 per sqft
1 Dec 2019RentedNew contract
AED 131,000/yr12 months · AED 54 per sqft
10 Nov 2018RentedRenewal
AED 145,000/yr12 months · AED 60 per sqft
10 Nov 2017RentedNew contract
AED 145,000/yr12 months · AED 60 per sqft

Source: Dubai Land Department. Updated 31 December 2022.

Key facts

Type
2-bed villa
Size
2,437 sqft
Developer
Emaar
Completed
2008
Service charge
AED 7,500 /yr
Last sold
AED 3.1M · November 2022
Community
Palmera 3

About TH026, Palmera 3

TH026 is a two-bedroom villa of 2,437 sqft in Palmera 3, a villa community in Arabian Ranches completed in 2008 by Emaar. It last sold on 21 November 2022 for AED 3,100,000, or AED 1,272 per sqft, 13% above the AED 1,130 two-beds in the community were fetching at the time.

It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, signed on 31 December 2022, is AED 119,027 a year: a gross yield of 3.8% on the 2022 price, before the service charge of about AED 7,500 a year.

Sales and rents for TH026 over time

Sales
Villa TH026, 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 1,557,888 (AED 992 per sqft)Sold, November 2022: AED 3,100,000 (AED 1,272 per sqft)

TH026 has sold twice; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH026, each contractTypical two-bed in Palmera 3
100K150K200K20112015201920232027Typical 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, October 2013: AED 145,000 a yearNew contract, October 2014: AED 190,000 a yearNew contract, October 2015: AED 190,000 a yearRenewal, October 2016: AED 190,000 a yearNew contract, November 2017: AED 145,000 a yearRenewal, November 2018: AED 145,000 a yearNew contract, December 2019: AED 131,000 a yearNew contract, December 2020: AED 115,000 a yearRenewal, December 2020: AED 115,000 a yearNew contract, December 2021: AED 120,000 a yearNew contract, December 2022: AED 119,027 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 TH026 sits

All 92 2-beds →

TH026 last sold in November 2022 at AED 1,272 per sqft, 13% above what two-beds in Palmera 3 were fetching at the time (AED 1,130). 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. TH026's AED 119,027 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 →

TH026, Palmera 3 in numbers

  • Sold twice: first on 20 July 2009 for AED 1,557,888, last on 21 November 2022 for AED 3,100,000 (AED 1,272 per sqft).
  • Rented since October 2013 on 11 Ejari contracts, from AED 145,000 to AED 119,027 a year.
  • At AED 119,027 a year the gross yield on the 2022 price is 3.8%, 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 31 December 2022.

Questions about TH026, Palmera 3

What did villa TH026 last sell for?

AED 3,100,000 on 21 November 2022: AED 1,272 per sqft for 2,437 sqft. The villa has 2 registered sales; the first was AED 1,557,888 in July 2009.

What is the rent for villa TH026?

AED 119,027 a year on the contract signed on 31 December 2022. The previous contract, from December 2021, was AED 120,000; the villa has been rented since October 2013.

How big is villa TH026?

2,437 sqft (226.4 sqm): a two-bedroom villa in Palmera 3, completed in 2008.

What is villa TH026 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 TH026, Palmera 3

Starts from the last sale price (AED 3.1M, 21 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 3,100,000
Deposit, UAE resident (20%)
AED 620,000
Deposit, non-resident (40%)
AED 1,240,000
Monthly over 25 years at 3.7%
AED 12,683

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