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

TH044, Palmera 3

Sold prices and rental history: sold twice, last in June 2018, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH044 · DLD and Ejari recordsUpdated 26 June 2018
Last soldAED 2M26 June 2018
Current rentAED 145K /yr10 September 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH044, Palmera 3

What is TH044 worth today?

Last sold for AED 2,000,000 in 2018

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26 Jun 2018SoldReady
AED 2,000,000AED 820 per sqft
10 Sep 2017RentedNew contract
AED 145,000/yr12 months · AED 60 per sqft
1 Mar 2017RentedNew contract
AED 150,000/yr12 months · AED 62 per sqft
29 Nov 2015RentedRenewal
AED 180,000/yr12 months · AED 74 per sqft
10 Nov 2013RentedRenewal
AED 125,000/yr12 months · AED 51 per sqft
10 Nov 2012RentedNew contract
AED 125,000/yr12 months · AED 51 per sqft
19 Oct 2010Sold by developerReady
AED 1,016,888AED 521 per sqft

Source: Dubai Land Department. Updated 26 June 2018.

Key facts

Type
2-bed villa
Size
2,437 sqft
Developer
Emaar
Completed
2008
Service charge
AED 7,500 /yr
Last sold
AED 2M · June 2018
Community
Palmera 3

About TH044, Palmera 3

TH044 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 26 June 2018 for AED 2,000,000, or AED 820 per sqft, 6% below the AED 875 two-beds in the community were fetching at the time.

It has been rented continuously since 2012 on 5 Ejari contracts. The current contract, signed on 10 September 2017, is AED 145,000 a year: a gross yield of 7.2% on the 2018 price, before the service charge of about AED 7,500 a year.

Sales and rents for TH044 over time

Sales
Villa TH044, 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, October 2010: AED 1,016,888 (AED 521 per sqft)Sold, June 2018: AED 2,000,000 (AED 820 per sqft)

TH044 has sold twice; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH044, 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, November 2012: AED 125,000 a yearRenewal, November 2013: AED 125,000 a yearRenewal, November 2015: AED 180,000 a yearNew contract, March 2017: AED 150,000 a yearNew contract, September 2017: AED 145,000 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 TH044 sits

All 92 2-beds →

TH044 last sold in June 2018 at AED 820 per sqft, 6% below what two-beds in Palmera 3 were fetching at the time (AED 875). 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. TH044's AED 145,000 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 →

TH044, Palmera 3 in numbers

  • Sold twice: first on 19 October 2010 for AED 1,016,888, last on 26 June 2018 for AED 2,000,000 (AED 820 per sqft).
  • Rented since November 2012 on 5 Ejari contracts, from AED 125,000 to AED 145,000 a year.
  • At AED 145,000 a year the gross yield on the 2018 price is 7.2%, 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 26 June 2018.

Questions about TH044, Palmera 3

What did villa TH044 last sell for?

AED 2,000,000 on 26 June 2018: AED 820 per sqft for 2,437 sqft. The villa has 2 registered sales; the first was AED 1,016,888 in October 2010.

What is the rent for villa TH044?

AED 145,000 a year on the contract signed on 10 September 2017. The previous contract, from March 2017, was AED 150,000; the villa has been rented since November 2012.

How big is villa TH044?

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

What is villa TH044 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 TH044, Palmera 3

Starts from the last sale price (AED 2M, 26 June 2018). Switch to today's estimate once you have unlocked it.
Price
AED 2,000,000
Deposit, UAE resident (20%)
AED 400,000
Deposit, non-resident (40%)
AED 800,000
Monthly over 25 years at 3.7%
AED 8,183

Plus AED 89,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →