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3-bed · 3,241 sqftPalmera 3, Arabian Ranches · completed 2008

TH049, Palmera 3

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

Villa TH049 · DLD and Ejari recordsUpdated 2 April 2024
Last soldAED 4.6M2 April 2024
Current rentAED 230K /yr10 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for TH049, Palmera 3

What is TH049 worth today?

Last sold for AED 4,600,000 in 2024

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2 Apr 2024SoldReady
AED 4,600,000AED 1,419 per sqft
10 Dec 2023RentedRenewal
AED 230,000/yr12 months · AED 71 per sqft
10 Dec 2022RentedRenewal
AED 210,000/yr12 months · AED 65 per sqft
10 Dec 2021RentedRenewal
AED 165,000/yr12 months · AED 51 per sqft
10 Dec 2020RentedNew contract
AED 145,000/yr12 months · AED 45 per sqft
2 Feb 2019RentedRenewal
AED 170,000/yr12 months · AED 52 per sqft
2 Feb 2018RentedNew contract
AED 160,000/yr12 months · AED 49 per sqft
18 Dec 2008Sold by developerReady
AED 3,450,000AED 1,948 per sqft

Source: Dubai Land Department. Updated 2 April 2024.

Key facts

Type
3-bed villa
Size
3,241 sqft
Developer
Emaar
Completed
2008
Service charge
AED 10,000 /yr
Last sold
AED 4.6M · April 2024
Community
Palmera 3

About TH049, Palmera 3

TH049 is a three-bedroom villa of 3,241 sqft in Palmera 3, a villa community in Arabian Ranches completed in 2008 by Emaar. It last sold on 2 April 2024 for AED 4,600,000, or AED 1,419 per sqft, 4% below the AED 1,473 three-beds in the community were fetching at the time.

It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, renewed on 10 December 2023, is AED 230,000 a year: a gross yield of 5.0% on the 2024 price, before the service charge of about AED 10,000 a year.

Sales and rents for TH049 over time

Sales
Villa TH049, each saleTypical three-bed in Palmera 3
2M4M6M2008201320182023Typical sale price by year: 2008 AED 1,552,888; 2009 AED 1,512,500; 2010 AED 1,396,388; 2011 AED 1,463,888; 2012 AED 2,920,000; 2013 AED 1,700,000; 2014 AED 4,000,000; 2020 AED 2,350,000; 2021 AED 3,050,000; 2022 AED 4,200,000; 2023 AED 4,950,000; 2025 AED 5,700,000Sold by developer, December 2008: AED 3,450,000 (AED 1,948 per sqft)Sold, April 2024: AED 4,600,000 (AED 1,419 per sqft)

TH049 has sold twice; the dashed line is the three-bed median of each year in the community.

Rents
Villa TH049, each contractTypical three-bed in Palmera 3
200K2012201620202024Typical rent by year: 2012 AED 174,960; 2013 AED 210,000; 2014 AED 233,000; 2015 AED 230,000; 2016 AED 230,000; 2017 AED 210,000; 2018 AED 182,500; 2019 AED 167,500; 2020 AED 155,000; 2021 AED 160,000; 2022 AED 190,000; 2023 AED 220,000; 2024 AED 262,000; 2025 AED 270,000New contract, February 2018: AED 160,000 a yearRenewal, February 2019: AED 170,000 a yearNew contract, December 2020: AED 145,000 a yearRenewal, December 2021: AED 165,000 a yearRenewal, December 2022: AED 210,000 a yearRenewal, December 2023: AED 230,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the community.

3-beds in Palmera 3, and where TH049 sits

All 46 3-beds →

TH049 last sold in April 2024 at AED 1,419 per sqft, 4% below what three-beds in Palmera 3 were fetching at the time (AED 1,473). Over the last 12 months three-beds sold for AED 6,900,000 to 7,200,000, around AED 2,175 per sqft, and rent for AED 280,000 to 295,000 a year. TH049's AED 230,000 is at the bottom of that range.

Recent 3-bed salesVilla no.Price (AED)Summary
30 Jan 20266,900,000
26 Jan 20267,200,000
29 Sep 20255,900,000
22 Aug 20256,200,000
2 3-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 →

TH049, Palmera 3 in numbers

  • Sold twice: first on 18 December 2008 for AED 3,450,000, last on 2 April 2024 for AED 4,600,000 (AED 1,419 per sqft).
  • Rented since February 2018 on 6 Ejari contracts, from AED 160,000 to AED 230,000 a year.
  • At AED 230,000 a year the gross yield on the 2024 price is 5.0%, before a service charge of about AED 10,000 a year (AED 3.08 per sqft).
  • Three-beds in Palmera 3 sold for AED 6,900,000–7,200,000 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 2 April 2024.

Questions about TH049, Palmera 3

What did villa TH049 last sell for?

AED 4,600,000 on 2 April 2024: AED 1,419 per sqft for 3,241 sqft. The villa has 2 registered sales; the first was AED 3,450,000 in December 2008.

What is the rent for villa TH049?

AED 230,000 a year on the contract renewed on 10 December 2023. The previous contract, from December 2022, was AED 210,000; the villa has been rented since February 2018.

How big is villa TH049?

3,241 sqft (301.1 sqm): a three-bedroom villa in Palmera 3, completed in 2008.

What is villa TH049 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Palmera 3 sold for AED 6,900,000 to 7,200,000 in the last 12 months, around AED 2,175 per sqft.

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Mortgage on TH049, Palmera 3

Starts from the last sale price (AED 4.6M, 2 April 2024). Switch to today's estimate once you have unlocked it.
Price
AED 4,600,000
Deposit, UAE resident (20%)
AED 920,000
Deposit, non-resident (40%)
AED 1,840,000
Monthly over 25 years at 3.7%
AED 18,820

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