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

TH038, Palmera 3

Sold prices and rental history: sold 5 times, last in August 2024, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH038 · DLD and Ejari recordsUpdated 20 August 2024
Last soldAED 6M20 August 2024
Current rentAED 130K /yr8 July 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH038, Palmera 3

What is TH038 worth today?

Last sold for AED 6,000,000 in 2024

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20 Aug 2024SoldReady
AED 6,000,000AED 2,460 per sqft
9 Oct 2023SoldReady
AED 3,550,000AED 1,455 per sqft
8 Jul 2019RentedRenewal
AED 130,000/yr12 months · AED 53 per sqft
8 Jul 2018RentedNew contract
AED 130,000/yr12 months · AED 53 per sqft
20 Jun 2018SoldReady
AED 1,100,000AED 451 per sqft
17 Feb 2015SoldReady
AED 2,800,000AED 1,148 per sqft
10 Dec 2009Sold by developerReady
AED 1,122,888AED 657 per sqft

Source: Dubai Land Department. Updated 20 August 2024.

Key facts

Type
2-bed villa
Size
2,439 sqft
Developer
Emaar
Completed
2008
Service charge
AED 7,500 /yr
Last sold
AED 6M · August 2024
Community
Palmera 3

About TH038, Palmera 3

TH038 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 20 August 2024 for AED 6,000,000, or AED 2,460 per sqft, 79% above the AED 1,374 two-beds in the community were fetching at the time.

It has been rented since 2018 on 2 Ejari contracts. The current contract, renewed on 8 July 2019, is AED 130,000 a year: a gross yield of 2.2% on the 2024 price, before the service charge of about AED 7,500 a year.

Sales and rents for TH038 over time

Sales
Villa TH038, each saleTypical two-bed in Palmera 3
2.5M5M2008201320182023Typical 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, December 2009: AED 1,122,888 (AED 657 per sqft)Sold, February 2015: AED 2,800,000 (AED 1,148 per sqft)Sold, June 2018: AED 1,100,000 (AED 451 per sqft)Sold, October 2023: AED 3,550,000 (AED 1,455 per sqft)Sold, August 2024: AED 6,000,000 (AED 2,460 per sqft)

TH038 has sold 5 times; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH038, 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, July 2018: AED 130,000 a yearRenewal, July 2019: AED 130,000 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 TH038 sits

All 92 2-beds →

TH038 last sold in August 2024 at AED 2,460 per sqft, 79% above what two-beds in Palmera 3 were fetching at the time (AED 1,374). 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. TH038's AED 130,000 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 →

TH038, Palmera 3 in numbers

  • Sold 5 times: first on 10 December 2009 for AED 1,122,888, last on 20 August 2024 for AED 6,000,000 (AED 2,460 per sqft).
  • Rented since July 2018 on 2 Ejari contracts, at AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2024 price is 2.2%, 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 20 August 2024.

Questions about TH038, Palmera 3

What did villa TH038 last sell for?

AED 6,000,000 on 20 August 2024: AED 2,460 per sqft for 2,439 sqft. The villa has 5 registered sales; the first was AED 1,122,888 in December 2009.

What is the rent for villa TH038?

AED 130,000 a year on the contract renewed on 8 July 2019. The previous contract, from July 2018, was AED 130,000.

How big is villa TH038?

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

What is villa TH038 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 TH038, Palmera 3

Starts from the last sale price (AED 6M, 20 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 6,000,000
Deposit, UAE resident (20%)
AED 1,200,000
Deposit, non-resident (40%)
AED 2,400,000
Monthly over 25 years at 3.7%
AED 24,548

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