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2-bed · 2,156 sqftPalmera 3, Arabian Ranches · completed 2008

TH039, Palmera 3

Sold prices and rental history: sold 4 times, last in June 2024, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH039 · DLD and Ejari recordsUpdated 7 June 2024
Last soldAED 2.8M7 June 2024
Current rentAED 85K /yr12 June 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH039, Palmera 3

What is TH039 worth today?

Last sold for AED 2,800,000 in 2024

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7 Jun 2024SoldReady
AED 2,800,000AED 1,298 per sqft
12 Jun 2021RentedRenewal
AED 85,000/yr12 months · AED 39 per sqft
19 May 2021SoldReady
AED 1,525,000AED 707 per sqft
15 Aug 2019RentedRenewal
AED 128,000/yr12 months · AED 59 per sqft
15 Aug 2018RentedRenewal
AED 140,000/yr12 months · AED 65 per sqft
15 Aug 2017RentedNew contract
AED 140,000/yr12 months · AED 65 per sqft
9 Aug 2016RentedRenewal
AED 155,000/yr12 months · AED 72 per sqft
9 Aug 2015RentedRenewal
AED 155,000/yr12 months · AED 72 per sqft

Source: Dubai Land Department. Updated 7 June 2024.

Key facts

Type
2-bed villa
Size
2,156 sqft
Developer
Emaar
Completed
2008
Service charge
AED 6,600 /yr
Last sold
AED 2.8M · June 2024
Community
Palmera 3

About TH039, Palmera 3

TH039 is a two-bedroom villa of 2,156 sqft in Palmera 3, a villa community in Arabian Ranches completed in 2008 by Emaar. It last sold on 7 June 2024 for AED 2,800,000, or AED 1,298 per sqft, 3% below the AED 1,343 two-beds in the community were fetching at the time.

It has been rented continuously since 2012 on 9 Ejari contracts. The current contract, renewed on 12 June 2021, is AED 85,000 a year: a gross yield of 3.0% on the 2024 price, before the service charge of about AED 6,600 a year.

Sales and rents for TH039 over time

Sales
Villa TH039, 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 2011: AED 942,888 (AED 495 per sqft)Sold, June 2013: AED 2,175,000 (AED 1,142 per sqft)Sold, May 2021: AED 1,525,000 (AED 707 per sqft)Sold, June 2024: AED 2,800,000 (AED 1,298 per sqft)

TH039 has sold 4 times; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH039, 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, August 2012: AED 94,500 a yearNew contract, August 2013: AED 143,000 a yearNew contract, August 2014: AED 148,000 a yearRenewal, August 2015: AED 155,000 a yearRenewal, August 2016: AED 155,000 a yearNew contract, August 2017: AED 140,000 a yearRenewal, August 2018: AED 140,000 a yearRenewal, August 2019: AED 128,000 a yearRenewal, June 2021: AED 85,000 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 TH039 sits

All 92 2-beds →

TH039 last sold in June 2024 at AED 1,298 per sqft, 3% below what two-beds in Palmera 3 were fetching at the time (AED 1,343). 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. TH039's AED 85,000 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 →

TH039, Palmera 3 in numbers

  • Sold 4 times: first on 18 July 2011 for AED 942,888, last on 7 June 2024 for AED 2,800,000 (AED 1,298 per sqft).
  • Rented since August 2012 on 9 Ejari contracts, from AED 94,500 to AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2024 price is 3.0%, before a service charge of about AED 6,600 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 7 June 2024.

Questions about TH039, Palmera 3

What did villa TH039 last sell for?

AED 2,800,000 on 7 June 2024: AED 1,298 per sqft for 2,156 sqft. The villa has 4 registered sales; the first was AED 942,888 in July 2011.

What is the rent for villa TH039?

AED 85,000 a year on the contract renewed on 12 June 2021. The previous contract, from August 2019, was AED 128,000; the villa has been rented since August 2012.

How big is villa TH039?

2,156 sqft (200.3 sqm): a two-bedroom villa in Palmera 3, completed in 2008.

What is villa TH039 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 TH039, Palmera 3

Starts from the last sale price (AED 2.8M, 7 June 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,800,000
Deposit, UAE resident (20%)
AED 560,000
Deposit, non-resident (40%)
AED 1,120,000
Monthly over 25 years at 3.7%
AED 11,456

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