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

TH040, Palmera 3

Sold prices and rental history: sold 3 times, last in June 2021, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH040 · DLD and Ejari recordsUpdated 1 August 2021
Last soldAED 1.78M21 June 2021
Current rentAED 69K /yr1 August 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH040, Palmera 3

What is TH040 worth today?

Last sold for AED 1,775,000 in 2021

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1 Aug 2021RentedRenewal
AED 69,000/yr6 months · AED 32 per sqft
21 Jun 2021SoldReady
AED 1,775,000AED 823 per sqft
1 Aug 2020RentedNew contract
AED 85,000/yr12 months · AED 39 per sqft
28 Aug 2019RentedRenewal
AED 120,000/yr12 months · AED 56 per sqft
28 Aug 2018RentedNew contract
AED 128,000/yr12 months · AED 59 per sqft
1 Sep 2015RentedNew contract
AED 50,000/yr36 months · AED 23 per sqft
13 Dec 2012SoldReady
AED 1,875,000AED 1,033 per sqft
13 Aug 2009Sold by developerReady
AED 942,888AED 519 per sqft

Source: Dubai Land Department. Updated 1 August 2021.

Key facts

Type
2-bed villa
Size
2,156 sqft
Developer
Emaar
Completed
2008
Service charge
AED 6,600 /yr
Last sold
AED 1.78M · June 2021
Community
Palmera 3

About TH040, Palmera 3

TH040 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 21 June 2021 for AED 1,775,000, or AED 823 per sqft, 12% above the AED 738 two-beds in the community were fetching at the time.

It has been rented continuously since 2015 on 5 Ejari contracts. The current contract, renewed on 1 August 2021, is AED 69,000 a year: a gross yield of 3.9% on the 2021 price, before the service charge of about AED 6,600 a year.

Sales and rents for TH040 over time

Sales
Villa TH040, 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 2009: AED 942,888 (AED 519 per sqft)Sold, December 2012: AED 1,875,000 (AED 1,033 per sqft)Sold, June 2021: AED 1,775,000 (AED 823 per sqft)

TH040 has sold 3 times; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH040, each contractTypical two-bed in Palmera 3
100K20112015201920232027Typical 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, September 2015: AED 50,000 a yearNew contract, August 2018: AED 128,000 a yearRenewal, August 2019: AED 120,000 a yearNew contract, August 2020: AED 85,000 a yearRenewal, August 2021: AED 69,000 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 TH040 sits

All 92 2-beds →

TH040 last sold in June 2021 at AED 823 per sqft, 12% above what two-beds in Palmera 3 were fetching at the time (AED 738). 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. TH040's AED 69,000 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 →

TH040, Palmera 3 in numbers

  • Sold 3 times: first on 13 August 2009 for AED 942,888, last on 21 June 2021 for AED 1,775,000 (AED 823 per sqft).
  • Rented since September 2015 on 5 Ejari contracts, from AED 50,000 to AED 69,000 a year.
  • At AED 69,000 a year the gross yield on the 2021 price is 3.9%, 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 1 August 2021.

Questions about TH040, Palmera 3

What did villa TH040 last sell for?

AED 1,775,000 on 21 June 2021: AED 823 per sqft for 2,156 sqft. The villa has 3 registered sales; the first was AED 942,888 in August 2009.

What is the rent for villa TH040?

AED 69,000 a year on the contract renewed on 1 August 2021. The previous contract, from August 2020, was AED 85,000; the villa has been rented since September 2015.

How big is villa TH040?

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

What is villa TH040 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 TH040, Palmera 3

Starts from the last sale price (AED 1.78M, 21 June 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,775,000
Deposit, UAE resident (20%)
AED 355,000
Deposit, non-resident (40%)
AED 710,000
Monthly over 25 years at 3.7%
AED 7,262

Plus AED 79,560 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →