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2-bed · 2,158 sqftPalmera 3, Arabian Ranches · completed 2008

TH046, Palmera 3

Sold prices and rental history: sold 4 times, last in December 2023, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa TH046 · DLD and Ejari recordsUpdated 26 December 2023
Last soldAED 2.7M26 December 2023
Current rentAED 145K /yr20 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH046, Palmera 3

What is TH046 worth today?

Last sold for AED 2,700,000 in 2023

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26 Dec 2023SoldReady
AED 2,700,000AED 1,250 per sqft
20 Jan 2023RentedRenewal
AED 145,000/yr12 months · AED 67 per sqft
20 Jan 2022RentedNew contract
AED 145,000/yr12 months · AED 67 per sqft
30 Jan 2018SoldReady
AED 2,180,000AED 1,010 per sqft
2 Jul 2017SoldReady
AED 925,000AED 428 per sqft
1 Aug 2016RentedNew contract
AED 135,000/yr12 months · AED 63 per sqft
1 Jun 2015Sold by developerReady
AED 1,935,000AED 896 per sqft

Source: Dubai Land Department. Updated 26 December 2023.

Key facts

Type
2-bed villa
Size
2,158 sqft
Developer
Emaar
Completed
2008
Service charge
AED 6,600 /yr
Last sold
AED 2.7M · December 2023
Community
Palmera 3

About TH046, Palmera 3

TH046 is a two-bedroom villa of 2,158 sqft in Palmera 3, a villa community in Arabian Ranches completed in 2008 by Emaar. It last sold on 26 December 2023 for AED 2,700,000, or AED 1,250 per sqft, 5% below the AED 1,313 two-beds in the community were fetching at the time.

It has been rented since 2016 on 3 Ejari contracts. The current contract, renewed on 20 January 2023, is AED 145,000 a year: a gross yield of 5.4% on the 2023 price, before the service charge of about AED 6,600 a year.

Sales and rents for TH046 over time

Sales
Villa TH046, 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, June 2015: AED 1,935,000 (AED 896 per sqft)Sold, July 2017: AED 925,000 (AED 428 per sqft)Sold, January 2018: AED 2,180,000 (AED 1,010 per sqft)Sold, December 2023: AED 2,700,000 (AED 1,250 per sqft)

TH046 has sold 4 times; the dashed line is the two-bed median of each year in the community.

Rents
Villa TH046, 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 2016: AED 135,000 a yearNew contract, January 2022: AED 145,000 a yearRenewal, January 2023: 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 TH046 sits

All 92 2-beds →

TH046 last sold in December 2023 at AED 1,250 per sqft, 5% below what two-beds in Palmera 3 were fetching at the time (AED 1,313). 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. TH046'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 →

TH046, Palmera 3 in numbers

  • Sold 4 times: first on 1 June 2015 for AED 1,935,000, last on 26 December 2023 for AED 2,700,000 (AED 1,250 per sqft).
  • Rented since August 2016 on 3 Ejari contracts, from AED 135,000 to AED 145,000 a year.
  • At AED 145,000 a year the gross yield on the 2023 price is 5.4%, 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 26 December 2023.

Questions about TH046, Palmera 3

What did villa TH046 last sell for?

AED 2,700,000 on 26 December 2023: AED 1,250 per sqft for 2,158 sqft. The villa has 4 registered sales; the first was AED 1,935,000 in June 2015.

What is the rent for villa TH046?

AED 145,000 a year on the contract renewed on 20 January 2023. The previous contract, from January 2022, was AED 145,000; the villa has been rented since August 2016.

How big is villa TH046?

2,158 sqft (200.5 sqm): a two-bedroom villa in Palmera 3, completed in 2008.

What is villa TH046 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 TH046, Palmera 3

Starts from the last sale price (AED 2.7M, 26 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,700,000
Deposit, UAE resident (20%)
AED 540,000
Deposit, non-resident (40%)
AED 1,080,000
Monthly over 25 years at 3.7%
AED 11,047

Plus AED 118,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →